Preparing for the collapse. Coinbase functionality during the panic

Tether is used for arbritage and for consolidation.

It used to create buy pressure back when BTC was around 1,500 dollars. these days its funny to think it create buy pressure.

i remember going though this bull shit in september when people actually had a point. Now its just silly newfags who are crying over something to blame their losses on or give themselves a reason to take profits and get out.

All exchanges do this. Even boomer ones. en.m.wikipedia.org/wiki/Flash_Boys

Will JNT replace tether and revolutionize the market?

think you are the only one? I lost 12.7 BTC in mt Gox. that was more than half of what i owned.

The market today does not resemble the market back then what so ever, and anyone that insinuates that is a fucking larper who wasn't around back then.

You are actually correct OP.

I pray to the crypto gods that the crash won't happen but I am getting nervous

I bought the dip.
Why does no one listen to Veeky Forums?

>a 500b global crypto market surely cant gather 1.5b in USD to support tether

>Catching falling knives
Hasn't your lizard brain not realised we have lower lows and lower highs. Zoom out retard.

>deposited 3k into coinbase 10 days ago
>still not available
>removed from bank account 10 days ago

I hate this site. Still says pending.

>price of bitcoin drops
>large institutions start fomoing at the mouth
>no easy entry to market for large sums of money
>ring up tether
>ask for your account to be credited tens of millions of tether and you will wire over money the next day
Why is this so hard to believe? If you sell out now you are going to regret it for the rest of your fucking life.

Yeah, I'm done FUDing it. I know it will crash the market eventually, but there's enough other shit to worry about. I've cashed out plenty, hedged in gold and silver, got some guns, games and a new laptop. The money I have in now I'm fine with crashing to zero. I will go down with this ship, but hopefully I can pay off my house first. In fact, I'm going to start a narrative about how Tether is legit, they have just been moving dirty mob money into crypto. Even the mob wants some BTCs, lol

>I decided to exit the market with around $10k in profit.

What's even the point in taking peanuts off the table?

You we're 1/200th of the way to making it.

This is false, you don't need a lot of money to pump BTC price. At any given moment all you need is to inject a few dozen BTC to prop up the price since bitcoin markets are nowhere near as liquid as others like stock/gold/futurese/etc.

False. It actually does. Wiley bot pumped BTC from $100 to $1,000. Bitfinex is manipulating price again to prevent selling at certain prices, and maintaining the support at $10k.

There's a lot of FUD in this thread by people who want or need a bull run to happen. I'm not saying it won't happen, but the $750 million that was injected the last 3-4 weeks has only stalled the downward trend (they are hoping to create conditions for a bullish reversal), but the buy pressure/demand is not there.

No. Dai will. coinmarketcap.com/currencies/dai/

Maybe it'll dip again a big more, but it's actually stabilizing, we haven't hit the first low since the initial crash happened.

>price of bitcoin drops
>people want to buy btc
>they print more tether

>Maybe it'll dip again a big more, but it's actually stabilizing, we haven't hit the first low since the initial crash happened.

Because bitfinex is propping it up every time it hits $10,000 and momentum slows down.

The stabilizing is artificial. They may succeed at doing it if they can hold it until late January/February, and if they succeed the crash will just be harder.

Anyone denying the tether scam has a LOT of money involved. Keep that in mind.

Where's the proof of that?

> shit, i want to buy BTC, i have millions to invest, but none of the fiat exchanges are good for transferring that much, and i dont really trust them. its not efficient as a business either for me to do it like that. Damn BTC is so cheap right now as CME futures has shorted it too.

> Oh wait, theres that USDT thing. let me phone them. "oh, you will credit my account with 20m USDT tomorrow if i send you the funds today?"

not fucking hard faggot. thats why its being printed every day lately.

>credit

Precisely.

Has none, just what he reads on reddit.

Mtgox was 80% of global volume
Bitfinex is like less than 10% if you take into account the fee less and Korean exchanges

Youre an idiot
Shut up

Bitcoin is clearly being used as a tool by globalists to weaken America's influence on the world. It's run by the same people who are anti-Trump. Basically, they're idiots who always fail at whatever they do. It's quite sad.

Ad hominems. How deep are you in your BTC position?

There are many exchanges, and virtually non covers the whole world (Japan, US and EU for licensing, China for local banking). Korea has no major exchange, yet the (fake) news of a bitcoin ban caused quite an effect on BTC price.

So yes, Bitfinex having 10% or even 5% of daily volume is more than enough to shake BTC price significantly. Markets are a lot more irrational than autists give credit.

Its a self fulfilling prophecy
People see tether being printed -> omg this must mean price pump -> they buy because of this -> this then leads to an actual price increase

The salty TA fags who sold early (they didn't factor in Finex pumps to their meme lines) and sheep who blatantly repeat popular statements are the ones wasting their energy on it. And these doomsday scenario these fucks fantasize about is years if not decades away
Who the fuck said I'm selling out. Learn to use the quote system newfag.
>Being this deluded
If you can read an order book and volume you'll notice. There is nothing holding BTC up at its current price except Finex. I said this once and I always tell you fools. BTCs real price is about 6k. Anything else is artificial. I told the folks buying at 14k, 13k, 12k, 11k, 10k not to and that it'll dip further , but they called me a faggot larper. Look up my trip.

Who said only Finex will fall? Why are you calling others idiots yet you are mostly uninformed. Any exchange which has USDT pairings will exit scam.
Wex
Bitfinex
Bittrex
Binance
Poloniex
Cryptopia
Anything that touches USDT is doomed.

I know of a secret bitcoin exchange that isn't even listed on google

There are people from WhalePool in here who have a vested interest in keeping BTC price above $10k. Don't worry, your reasoning is sound. Smart money exited a while ago. Hell, even BitConnect exited before it entirely collapsed because they see the correction happening shortly.

>Been in bitcoin for 4 years
>I decided to exit the market with around $10k in profit.

W-What's ETH's real price? Don't care about BTC.

You talking about the kraken darkpool? I know it too
For ETHs vision and what it's supposed to achieve, massively overvalued and expensive to run. But for speculation, what it is currently used for, largely undervalued. So choose according to your game plan.

And he's only been "researching tether" since December..
Another newcoiner psued who thinks they know the market inside out

I think it will overtake BTC this year, as more and more realize it has a better use of a currency than BTC and about the same number of pairings. We'll see.

ETH will NEVER overtake BTC. BTC will never be overtaken. What kind of comment is that?

Haha. I loled too and stopped reading.

Whales spend 10k on transaction fees.

Change is a law of the world, user.

Have any proof that bitfinex has 2billion usd somewhere?

Some things don't change. Bitcoin will always stay at the top. That's the way of the crypto world, user.

I agree, Bitcoin cash cannot be stopped

WIKIPEDIA HAS CALLED IT

i dunno about the others. But huobi is in china, wont they get executed for this?

also bittrex is in america, so everyone will just end up in rape me in the ass prison if they tried to steal from their customers.

You can nitpick on little details. I've been in crypto for 4 years. I mainly mine. Sorry, long.

That's from an original amount of $700 since late November that became $10,000. I mainly mine. My net worth from crypto, and other holdings are far higher than that. Not that it means anything. Ideas matter more than stupidly gaining and then losing funds. Your loss though.

Bitfinex refuses to do a 3rd party audit. It's not rocket science why.

No, how would I have that?
I'm not trying to prove anything, the conspiracyposter was.
So please fuck off having me try to prove a negative.

I prepared for crash but don't think it must be tether crash. Just natural decline to 6k or so.

Since I dont think I will be able to time the bottom Im DCA buying for the next 100 days.

t. sold at 17k

>I've been researching the Tether/Bitfinex shadiness since December
>researching since December
>since December
>December
wew lad

Oh and yes I think the big actual regulated exchanges will be somewhat safe to park fiat waiting to buy. Even if tether collapses.

so how can you be so sure is not a scam?
Its weird how bitfinex have to send their shills to defend them instead of defending themselves.

Are you retarded? Bitcoin can easily be replaced, it has already lost most of the market share.

>Bitcoin can easily be replaced

>Has never been replaced

If they have nothing to hide, why do they refuse to do 3rd party audit?

how long do you think they can keep it up?

baka.com.au/business/banking-and-finance/mystery-shrouds-tether-and-its-links-to-biggest-bitcoin-exchange-20171205-p4yxg9.html

Nobody even knows the fuckin physical address of a tether based exchange. They all ride on reputation from the old days. And being the smart risk takers the folks who run these exchanges are, they'll disapear first thing they sniff out trouble. This is why I always refer newbie relatives to kraken only.
How new are you? A November fag you are?

>baka.com.au/business/banking-and-finance/mystery-shrouds-tether-and-its-links-to-biggest-bitcoin-exchange-20171205-p4yxg9.html

its meant to be S M H .com.au

Bitfinex refuses to do a 3rd party audit? Why would any private company let random autists on reddit dig through all their information?

>in the couple of years that Bitcoin exists it has not been replaced

Are you like 12?

I didn't claim anything, was.
Do they have to?

>people buy into tether
>tether tokens increase over a dollar
>tether prints more to meet demand to stay 1 dollar
>conspiracy
Ok you genuinely intelligent specimen of a man

I bought my first Bitcoins in 2013 you fucking retard

because that wouldn't be good for business and a waste of time you dimwit

How much does bitfinexed pay you? I'm amazed he still has any money left after selling all of his bitcoin at $1000

bitfinex shills have invaded biz.

full audits of businesses with a few hundred people take under a month with like 4 people.

>S&P 500 has been dictating the NYSE for the past 60 years
>When will Tesla replace this shit stock?

This is how stupid you sound

What? Bitcoin has always been #1 in market cap. What the fuck are you going on about?

Annoying.

Bitfinexed paid pajeets have been invading the board since around the time of China fud crash and it always ramps up when the entire market is red
Go figure

they probably do have something to hide just not what this tinfoil hat wearer thinks

If they succeed in maintaining the $10k level support a while/much longer. Weeks/months/or more. As more people FOMO in, lightning implemented, bitcoin can be become "too big to fail."

The hope would be that no one notices what they are doing on the rise up to $15-20k+.

If BTC falls below to lower levels, Bitfinex's fear is that more people will try to deposit their tether for USD.

It is only beneficial to Bitfinex if they prop up the price for multiple reasons:
1) They print valueless tether to scoop up BTC valued at about $10,500. They then flip it at higher prices for easy/ profit.
2) Less people will deposit tether if they see BTC rising, & hoping to capture profit.
3) Hoping they can regain solvency in tether in a bull market.

All frauds/ponzis work in a bull market. All of them collapse in bear markets.

There's a reason why BitConnect exited when they saw the signs of the bear market a week ago. They are not stupid. Crooks, but not stupid.

Well pajeet, im still waiting for proof that bitfinex has 2 billion sitting in richard basement.

You are being paid to post here.

It's market share dominance is crumbling from over 85% to 36% in a year. Prep your butthole bb

The crypto market is young and Bitcoin has been losing more and more share. How fucking young are you that you think just because something has been that way it can never change?

>create hundreds and hundreds of shit coins with a billion supply
>shit coins have daily volume of $10,000 but marketcap of 100m+ plus
>HUUR BITCOIN IS LOSING MARKET DOMINANCE ITS DYING HUUR
Holy fuck so many dumb cunts

Gemini, Coinbase are regularly audited.

Your argument that auditing is neither needed, or required of an exchange in this day and age shows your position. Everyone knows that an audit is necessary for a multibillion dollar exchange. You are fooling no one.

Correct.

Yes.

The Bitfinex shills are now making the argument that audits are neither needed or necessary. You underestimate the intelligence of the average /biztard on here. Try harder.

Oh sweetie. If BTC goes everything goes. Even [insert altcoin you alled in here] goes along with it. Except maybe XMR. Degenerates love it.
How dense you are then

You implied in your last response that bitcoin has been replaced, yet it hasn't. So now you're avoiding all of that by saying its been losing market share...

Obviously it has been, but it will never be overtaken. That isn't how this works. Remember this post.

>Going to place camera on every corner of your home. Going to anally probe you when I please in the case you are hiding illegal substances. You bank accounts audited and all transactions you do I will report to the IRS.

>Nothing to hide.

You have so many holes in your story OP, you have zero credibility

I'm considering cashing out at least a fraction of my crypto in the next couple of weeks because I do think BTC will continue its downward trend, though there may be anothert bull run left in it. The thing the market is waiting for is for the alts to decouple themselves from BTC, which is going extinct, and for ETH to take over. My question to you OP is do you think alts that have pairings with ETH will have a better chance of surviving than those that are only paired with BTC? And at what point will BTC stop bringing everything else down (namely ETH) with it?

AtlasRand1 my man

This. It will happen.

jesus that's weak

>You implied in your last response that bitcoin has been replaced,

No I didn't you fucking imbecile, I emphasized how your logic doesn't make sense because it exists for only a couple of years. You should just get out you absolute brainlet, you are gonna lose everything.

Stop using this argument it's retarded. You're saying that the tether is unbacked this way.

Increasingly nervous man

>How dense you are then

Holy shit you are retarded. You think just because something didn't happen in the past it cannot happen?

Obviously you dumb faggot, ideally btc trades sideways forever and we all prosper. BTC is litterally cancer, it tanks it drags the whole market down. it pumps the rest of the market dumps and it is functionally USELESS.

You can go ahead and remember this, too. You're completely wrong you fucking brainlet. Since you started using name-calling.