Bitfinex is creating millions of tethers (fake dollars, hot air) and they are selling these tethers for BTC (buying btc) to thousands of people.
What these people dont know is they cant cash out their tethers for real dollars because tether is a scam.
Meanwhile spoofy (bitfinex) keeps buying up BTC with these large whale candles, creating a bubble. At the same time they are also slowly selling the free BTC they got for REAL dollars to outsiders buying btc for real cash.
Once tether blows up, BTC's price will crash sub WHATEVER YOU can imagine tens of exchanges will be shutdown because of their affiliation with tether tens of thousands of people will lose their crypto coins on these exchanges
>asians create a fake federal reserve on the blockchain called tether >infinite supply, completely centralized >create hundreds of millions of fake tethers >sell these fake tether dollars for real bitcoin >proceed to cash out your bitcoin for real dollars
Daniel Foster
Tether isn't for cashing out to fiat retard.
Justin Lopez
What would it mean for rest of the crypto market? crash too?
Colton Smith
but that means we'll see altcoins crash OP and people that don't know what Tether is will cash out in Tether
Eli Jenkins
bullshit you're gonna regret that
Blake Jackson
I just hope bittrex wont be affected, R-RIght?
Robert Evans
the whole crypto market will collapse
Carter Garcia
You cash out through Coinbase? How hard is this? I have less money in crypto than my weekly withdraw limit on Coinbase. If it hits the fan, I xfer and withdraw immediately. Boom, no sweat off my back.
Nathan Robinson
Stupid low IQ inbred mongoloid retard nigger thread.
Leo Barnes
Look at the insane volume on Bitfinex. It’s out of control. They keep printing tethers out of thin air to buy BTC to provoke a buy frenzy. It’s gonna blow up. MtGox 2.0.
Jace Ortiz
The tethers are a drop in the ocean. They're practically insignificant. This is a very small part of what's behind the current bull run.
Joseph Torres
Bitfinex isn't even leading this bullrun. if they were the market makers the price would be higher on there compared to the other exchanges. it isn't
Jaxon Richardson
You're riduculously low IQ. You think they control the WHOLE 100 BILLION market?!?!?!?!
Kill yourself!!!
Is this all cause u didnt get RICH with bitcoin?
Jace Stewart
When bitfinex goes down they wont be able to artificially pump the price like they do now, the price will crash.
panic sell everywhere. Imagine CNBC news: Bitcoin price has been artificially inflated
its a pity really crypto had potential but once people lose a lot of money its going to be branded as a scam
at least all the artificial pumping made a bunch of pedos and druggies richer, right?
Bitfinex = Next MTGOX but much bigger
Luke Peterson
Current Tether circulation is 0.02% of the current crypto market cap. OP you have been confirmed retard for this FUD.
Nicholas Ramirez
They are sparks. They provoke a buy frenzy and you put your BTC in. More more more. And then you have no time to sell when it’s dumped en masse. This is when you cry.
Yeah I get that that's the story and all. I just don't believe you.
Jose Walker
Every time the shit hits the fan coinbase goes down. Good luck.
Grayson Baker
I also did this but the whole tether FUD is just bullshit. There are 450M tethers in existence, about half of them are on Bittrex and Poloniex. There is no way these tethers could pump BTC up by tens of billions of dollars in value.
Bitfinex are on Core side, I am really suspect what are they doing? To cash out before US ban? To accumulate more BTC to crash B2X? To make money to compensate 2016 hacked
Juan Long
Must be a mix of all.
Joshua Nelson
what is bitmex?
it looks like a scam
Jeremiah Young
>There are 450M tethers in existence, about half of them are on Bittrex and Poloniex. And you believe them?
Brody Sanchez
The FUD is starting.
Prepare for a chinese bitcoin ban soon
Logan Martin
It's not like it's a secret bro, it's like saying you don't believe there are 16,659,637 BTC in circulation even though you can check about 1000 websites and see that.
except tether is centrally controlled, they could simply change the number in circulation and the websites you are talking to would automatically show that number
Jace James
That Tether crap is highly dangerous. If you know what you're doing turn all that shit into btc. Try and cash it out for real fiat currencies. Then throw it back at official wallets like coinbase etc and hold. Op is right something is up, this was all good to be true. But still regardless owning real Bitcoin is important.
Andrew Rogers
Lol posting medium articles from a dude who sounds like he got paid by Wells Fargo to talk shit on Bitfinex for filing suit against them.
The 25m pump that broke the head and shoulders was straight up market manipulation. There was heaps of downward price volume at 5700 - 5800 that got soaked up, I was watching the charts and was short and was like Wtf is that abnormality, switched to go long thank fuck. You don't need to control the market, a huge buy at the right time (so all the bots that use TA go nuts), spikes the market.
Ryan Foster
This nigga gonna be writing articles about tether doomsday for years and nothing's ever gonna happen.
Carter Johnson
You wish.
Colton Reed
You're fucking retarded to not think this is fraud. How can a crypto currency be based on the USD without the approval from the United States government? This shit is a fucking scheme it's gonna hurt the market. (((They))) and (((they's))) know what they're playing they're fucking with everyone. The manipulation of the market with this bullshit is gonna fucking suck.
Jaxon Kelly
IT'S GONE MAD WHAT THE FUCK IS HAPPENING TENS OF THOUSANDS OF BITCOINS TRADED IN LAST 10 MINUTES
Christopher Diaz
This theory is retarded
Parker Reyes
You're starting to sound a little bit hysterical dude. Maybe you don't realize it, just a heads up.
Gavin Gomez
Yea no one has ever done anything illegal with USD before without the government's permission.
Owen Ortiz
>There’s only one teensy tiny itsy little bittle problem with that
>this, in an article I'm supposed to take seriously
kill yourselves
Brandon Walker
Its not really the jews this time though
China finally woke up
Benjamin Torres
Boom?
James Sanders
Aww fuck the crypto market is crashing and burning lads
>fabricating dumb ass conspiracy theories as to why the TCP/IP of finance, which has limited supply, goes up
Say cheers for the picture.
Henry Edwards
you realise they can't just print tethers because then they would be worth less than 1usd
Anthony Reed
It's not just China it's every government the U.S isn't playing a blind eye to this shit. Japan and Russia neither, the Chinese already did their "regulation". It's not gonna work all I gotta say is do whatever the fuck you want. Make money pat yourself on the back and walk away a richer person. But big dogs in the game are always interested in manipulation. Bitcoin supply can't be controlled, but with the use of other perhaps non-legal shitcoins it can. How do you buy something with limited supply when it breaks past the supply you're willing to put into it? Well you create fake money(((tether))) to purchase more of a limited supply Bitcoin. Just make money anons!!!!! Hahaha fuck everything
Dylan Torres
>T.A
Owen Torres
>be Bitfinex user >worried about potential coin dump >switch to all USDT >dumb occurs, gains stay safe >decide to cash out >swap USDT for LTC/ETH >move to different exchange >sell
if you're too retarded to figure this out you need to get out of crypto
Brandon Collins
Shut the fuck up @bitfinexed already
Yeah yeah we get that you are mad selling all your coins at 1k when they are now 7k but stop with the fucking conspiracy theories
Why would they need approval when their legal terms say that USDT is actually NOT redeemable for USD
Joshua Williams
I already cashed out, this growth rate is stupid, as usual
Wyatt Hall
The market isnt 100 billion retard. Only a tiny fraction of the coins are actually in circulation.
Julian Moore
Plus there's no liquidity, 10-1 there is a Bitcoin whale out there RIGHT NOW with enough coins to dump the order books into the single digits if he wanted to. We just praynone are that stupid.
Parker Campbell
trading volume 4 billion today, go check out coinmarketcap before making a fool of yourself
Cooper Cooper
I'm new to bitcoin, so this might be a dumb question. When the fork activates at block 494784, will my bitcoins be usable on the fork and on the original bitcoin? Doesn't this mean that however amount I have now, it will double? Is that the reason of the current pump?
Alexander Parker
You are an enormous imbecile
Oliver Baker
SHHHH FAGGOT LET ME BUY MY CHEAP ALTS FIRST
Connor Lewis
They will take a snapshot and depending on where you are holding your BTC it will make a copy of that and your wallet will have the same amount of B2X which is the current november fork happening in 2 weeks. So if you had 2 BTC you will recieve 2 B2X, but only if the exchange or wallet you have your BTC in is going through with holding/trading it as far as I know.
Joseph Wood
filter tether and sage this retard shit
Christopher Gonzalez
EASILLY FAGGOT, YOU HODL 1 DOLLAR FOR EACH TETHER THAT EXISTS YOU STUPID FUCKING RETARD
Eli Barnes
okay faggot kill yourself
Isaac Wright
Then why is bitfinex trailing behind GDAX if they're leading the pump?
Ryder Johnson
Snapshot at which block? I thought they'll make the snapshot in the middle of november.
Adrian Gray
Fucking genius! You can tell by the way thus guy used ‘xfer’ in a sentence that he’s a fucking master hacker who knows all about crypto.
