>>3466810

They're just as much of a risk as any other coin (BTC included). The point of buying USDT is to hedge against dips.

How do I start a business where I can generate imaginary tethers? It seems easiest way to become a millionaire in just a few days.

Delete this post this is very dangerous thread

From various articles I've read it sounds like they didn't have the ability to make new coins and yet they added millions of dollars in new coins

They can generate tens of millions of tethers whenever they want.

When the tether fraud is exposed by government regulatory agencies that are designed to protect consumers and investors from frauds like this, we will experience an MTGOX like crash. Bitcoin back to triple digits.

bitfinex does not control the price of bitcoin worldwide

there are routinely discrepancies of hundreds of dollars of value per bitcoin between the large exchanges.

pic related, the exchanges that are used in coindesk bitcoin price index

It is, around the web every day there's FUD about Tether being seen as a scam and causing Bitcoin to plummet. Everyone nods their head and continues on as normal. Don't worry about it until the government gets involved, then get rid of your teather the very moment you hear about it.

But it affects not just Tether but bitcoin as well. If a fiat coin was used to manipulate the price of BTC it would impact the markets. People might go to bed with a $3.5k coin and wake up with a $200 coin

So now?

That's assuming that everyone has the epiphany that the tethers they hold are worth nothing and attempt a big enough bank run that tethers start to dip below $1 to the point that there's a chain reaction. The way it is now, people treat USDT like USD on places like Bittrex. You can't do anything with it except buy a few main coins. It's a stable coin to buy into to weather dips without having to risk it on another alt or deal with cashing out and back in. It's not going anywhere until someone forces it out.

Pull your funds off of bitfinex. If it gets seized dont say no one warned you.

>implying the price isn't adjusted based on quite literally the most popular exchange to trade.

what if usdt is actually legit and backed by early btc neet usd bags

Use nubits
Unless you like sucking cocks

Yea this. Just stop asking questions OP, you're being a buzzkill. Tether have literally nothing to gain from executing the kind of fraud yo'ure talking about.

Don't worry, goyim. Fake money are good for bitcoin.

usdt isnt big enough to pop the bubble

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