Tether just printed an additional 25m (45m total for today). Damn, these guys are not trying to be subtle anymore wtf

Tether just printed an additional 25m (45m total for today). Damn, these guys are not trying to be subtle anymore wtf.

AWESOME

...

Bitfinex is also buying up XMR around the world. Lube up your anuses boyos

@bitfinexed may have sold his bitcoins wayyy too early when he suspected fraudulent activity at bitfinex but right now things definitely look more dangerous

Used to be that Tethers were -only- being created when BTC dropped. Now, they are just being issued anytime. They aren't even hiding it anymore.

>@bitfinexed may have sold his bitcoins wayyy too early when he suspected fraudulent activity at bitfinex but right now things definitely look more dangerous
Who gives a fuck about whether he is salty? He backs his arguments with logical reasoning right?

Were you here back in the Mt.Gox scandal when the pump was so hard BTC hit a new ATH?

way pass 10k confirmed by noon

ah dude you got me wrong I'm on his side

That faggot bitfinex'ed is annoying, but there is definitely something going on with Tether. I'm not sure it'll be significant though, because fucking Koreans will just keep throwing money at BTC regardless and that another annoying fuck Mike Novogratz is shilling BTC like crazy... 40k in 2018.

>Got hacked and made it to mainstream media
>People still believe (((institutions))) are giving them 95 million for tethers right after the stupid (((hack)))

What’s wrong with printing new Tethers if they’re willing to redeem them?

>What’s wrong with printing new Tethers if they’re willing to redeem them?
>Redeem Tethers
>Redeem
Oh, user.....

tfw cashed out in tethers

feels /comfy/

You cannot redeem Tethers, and this has been known for a while.
No one really cares, because as long as they are still "backed" by actual Dollars (as in, someone was willing to have as many dollars frozen, in order to have the Tethers minted), there is effectively no difference in regards to price impact on Bitcoin. Though indirectly, these are real dollars spent to purchase Bitcoin.

Where it becomes fishy is that yesterday their weird spokesperson bfx_drew posted something to the effect that lately Tethers are being minted directly in exchange for crypto. Now that would obviously be extremely stupid, because they can go ahead and create any number of Tethers that way, to buy up more and more Bitcoins. Possibly people selling BTC for USDT right now are effectively selling for glass beads.

issuing it when it goes up seems legit, tethers need to be issued to keep pace with thebprice of btc.
issuing them when btc falls is suspect

You can’t redeem tethers? Yes you can

>issuing it when it goes up seems legit, tethers need to be issued to keep pace with thebprice of btc

Holy shit you're stupid.

No you can't, nigger, they even say it themselves.

no u faget

Daily
Tether
FUD
Thread

Hi user, USDT can be exchanged for USD in Kraken. Also USDT counts as part of the USD valuation in Bitfinex, of which you can wholly cash out. Don't believe the FUD.

We’ve had like half a dozen at least

Bitfinex doesn’t maintain the peg through supply manipulation. It makes them redeemable for a given price and let’s the market peg it.

Markets that trade USD/USDT are different from an official redemption venue. Look at Nov 20 when 100k USDT where dumped on Kraken. Order book was way too thin, price dropped to 0.9 real dollars per Tether. You wouldn’t be able to redeem major stacks this way.
>USD valuation in Bitfinex, of which you can wholly cash out
Bitfinex offers USD wire transfers now? Last I heard, they didn’t even have banking.

Go ahead and try. Enjoy your 6 month wait.

>Daily Tether FUD Thread

Well we wouldnt have a daily FUD thread if they didnt print tens of millions of Tether each fucking day.

If the market value of tether drops to .90 that’s not actually a tether problem. That’s a demand problem. Likewise, if BTC crashes you’re going to see tethers worth 1.10 from the elevated demand