Yep, pretty much

Yep, pretty much.

You have been warned by the mysterious twitter.com/Bitfinexed

Other urls found in this thread:

coindesk.com/14000-coinbase-bitcoin-could-be-affected-irs-tax-summons/
twitter.com/NSFWRedditGif

And here I thought the US dollar was something that could be conjured out of nothing.

what does this mean, b-brainlet here

Do you think the next crash will be the final one?

USDT is supposedly to be matched with USD in a 1:1 ratio. Bittfinex however keeps creating more USDT without backing from USD essentially creating free money. If a crash happened people cashing out couldn't because bittfinex is holding way more USDT than USD

yes, been warning of Tether scam for ages now, nobody listens. Will this totally irrevocably crash the crypto market?

Oh absolutely, this is literally a crypto bubble

So how much will it crash it and why? Give mathematical analysis for you reasoning. Thanks

Tether has me worried the most of all things in crypto.

How the fuck did this even happen? How can the community tolerate such a blatant scheme of differing liquidity risk off to other players?

Crypto is like a super sayin. the harder you pound on it the stronger it gets.