[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 3 KB, 200x200, ghostmoney.png [View same] [iqdb] [saucenao] [google]
4926006 No.4926006 [Reply] [Original]

Well, time to save the day again.

>> No.4926033

>>4926006
I'm holding mostly Litecoin. Should I buy this? It doesn't seem to be moving much,,,

>> No.4926120

>>4926033
It's not really supposed to be a long-term investment. It's basically just a way to exchange btc if I understand it right.

>> No.4926136

Well. Normies officially here

>> No.4926153

>>4926120
I meant LTC is not really crashing so I don't know if it's worth it to buy Tethers. Also that's not how Tether works. Do more research about it.

>> No.4926161

>>4926136
Yep...

>> No.4926188

>>4926120
The value of Tethers is always pegged to the US dollar so it's always at $1 so it can be useful during crashes.

>> No.4926191

WHY ARENT THEY MAKING MORE TETHER, DO YOUR SCAM YOU FUCKS

>> No.4926192
File: 29 KB, 959x513, BUBBLE.png [View same] [iqdb] [saucenao] [google]
4926192

NOTHING WILL SAVE YOU THIS TIME BUTTCOINERS.
SOMEONE HAS TO PAY THE PRICE FOR THIS

>> No.4926194
File: 126 KB, 600x412, slow-and-poo-poo-pee-pee-dinosaur-coin-always-wins-the-race.jpg [View same] [iqdb] [saucenao] [google]
4926194

>>4926006
cry more nocoiner you should have known hahahha

>> No.4926210

>>4926136
what do we do? it's scary

>> No.4926215

>>4926194

>t. ATH buyer

>> No.4926224
File: 176 KB, 620x459, 1512520047043.jpg [View same] [iqdb] [saucenao] [google]
4926224

>> No.4926229

>>4926224
how much are they printing this time?

>> No.4926231

How do i buy bitcoin shares though vanguard?

>> No.4926236

>>4926191

This.

Watch out for if/when new tethers are issued.

Buy before they start pumping..

>> No.4926264
File: 197 KB, 1303x979, 1512302131392.jpg [View same] [iqdb] [saucenao] [google]
4926264

https://wallet.tether.to/richlist
Bitfinex has been selling user tethers on other exchanges that has been staring us in the face all along.
Bitfinex barely holds tether. The rich list you see shows how much each exchange has on behalf of their users + their own. It has been as low as 1.8m some days.

Considering there is much more you can use tethers for on bitfinex than bittrex and that bitfinex volume (even excluding shorts/longs) tends to be equal or higher, the amount of tethers people "have" on bitfinex should be much higher than what people "have" on bittrex.
The only reasonable explanation for this discrepancy is that bitfinex is taking the tethers of its users and selling it on other exchanges while having only as much tether in their own possession as they need in order to effect withdrawals by users.
The implication of this is that tethers on bitfinex are "fake tethers". For example, imagine if users found out bitfinex only had 5% of the total bitcoin supposedly on the exchange in their possession.

Further, this means that the total circulating supply of tether is what we thought it was, plus the entire amount that people "have" on bitfinex, in addition to what the people behind bitfinex has credited themselves with.

For all we know there could be up to a billion or even more "tethers" on bitfinex right now.

If the very credible suspicions about tether not being backed by any USD in reality is also true, this could be a case of an entity effectively not just stealing the total marketcap of tethers worth of crypto from the crypto community, but that in addition, circulating "tethers" on their own exchange, and potentially even more given the possibility of using those "tethers" to manipulate both prices and meet the other side of shorts and longs.

In sum, a scam with the potential to have siphoned billions of USD in cryptocurrencies, with the bitfinex/tether link only being the tip of a much nastier and much larger iceberg.

>> No.4926278

>>4926229
They haven't printed new tethers in over a week. Honestly I think they were the ones that got the ball rolling hard at like 2600. Now it's kinda out of their control.
Also the tether supply always goes up when btc is dipping so theoretically they should print more now.

>> No.4926329

>>4926264
Bitfinex has more than a single wallet
Keep trying fudster

>> No.4926917
File: 66 KB, 372x276, 14739.jpg [View same] [iqdb] [saucenao] [google]
4926917

> haven't printed new tethers in over a week.