TETHER EXIT SCAM IMMINENT

don't worry

This is it...Crypto is done for.
I knew this day would come but I just didn't think it would be so soon.

UNTETHERED

spoken like a true brainlet. audits are not partnerships you mongoloid

Show me a non-twitter source and I'll believe it

holy fuck that bitfiniex guy wont shut the fuck up.

look at how all these idiots are already falling for it

Holy shit it's REAL! Brace for IMPACT MtGox 2.0 incoming! HAHAHAH!

Fuckin saged.

coindesk IS a non twitter source

LMAO WOULDNT WANT TO FACE REALITY WOULD WE LMAO

the more and more fud that comes out the less it will dip when there is some. you can only fud ppl so many times

ok.

You got to have some balls to be fully tethered up right now! LOOL

>there's nowhere to hide
Good, it's time to grow up some iron hands soy boys. You disgust me.

This is why im in fiat and dont give a fuck

Quick buy FUN

Friedman 'partnership' was nothing more than them having access to the books
Now that's over, so logical dedication would be the audit is finished

Brainlets panicking over literally nothing

Twitter accounts can be hacked quite easily. Remember that autist on Veeky Forums from a while back?

Hopefully this is true because it means BTC might pump back up

is this for real?

Why are they throwing out heavy fud headlines when they don't even know exactly what's happening. really makes me think

This. Tether is the entire reason everything was crashing.

This is not new tho

Well, Friedman LLP has scrubbed all references to Tether from their websites a few days ago, there was some genuine FUD going on for a few hours.
Now it's just waiting for the background story, wonder if both parties will put out conflicting statements (most likely causing more FUD) or if they agreed on some non-confrontational professional explanation (a bit less FUD).

>Hopefully this is true because it means BTC might pump back up

It's the exact opposite, BTC will likely dump

you have an ongoing relationship with your auditor. not something you change on a whim.

I'd think the weak hands who flee into Tether would rather cash out and never return, fucking weaklings need to kill themselves.

Wouldn't it be better to cycle through different auditors? Strong relationships with auditors seems like a bad thing.

..Clarification: statement says Tether's relationship with Friedman "has dissolved." Statement is vague about who broke up with who. Story coming $USDT

Why would people dump BTC? People will sell USDT for BTC making the price pump

No it isn't. Tether results in people trading BTC/tether and ETH/tether... etc.

Any coin that trades with tether is seeing upward movement today.

I would bet my entire portfolio that someone had a bitmex 100x short ready to go the second that tweet went out.

you change them once in a while, but not each year.

>twitter.com/coindesk/status/957381065190133767

wrong. BTC dipped/dumped because people thethered up. They'll be going back into actual coins now or just cash out which wouldnt make a difference anyway since they already thethered up before

this. everyone sitting in tether will buy into BTC/ETH

are they retarded on purpose? they have to say "relationship between frooty and loopy has been dissolved"
they are implying tether is on fire and going down

Thats even fucking worse holy SHITTT

In any case the fud seems to have worked.

Whew... Just got out of it this morning too. Hahahaha bye you bitches

2 scenarios

1. people realize the news is scary and leave tethers to buy BTC/ALTS but at the same time realize that Bitfinex is corrupted and could try to go completely out to USD
2. people think this news is shitty and don't do anything..

This is not how it works. You have a contract with independent auditors.

The relationship was dissolved because they would not sign off on the audit.

this is nothing

kek

lmfao FUD at its finest

Yes, they would initially sell into BTC, but most likely go from BTC to Fiat immediately afterwards. So if there was a real collapse, we'd see a huge BTC pump followed by an even bigger dump from people leaving BTC immediately. Then when more and more people find out they would sell anticipating a larger scale correction.

hopefully a bunch of retards here sell all their crypto assets

>losing $100 in a day.
You mean this is a normal day for bitcoin

this guy governs corporations

$1,619,450,019 USD

Tether ain't big, can't crash the market lol.

Is nobody making the connection here? Days ago, Bitfinex announces ETH trading pairs on all cryptos on its exchange. Now we have this Tether news. Keep a close eye on Bitfinex and follow their lead, they are not going to let Tether destroy their exchange, hence them setting up ETH pairs. They already knew this was coming.

They know exactly what they're doing. Modern news reporting rewards sensationalism and bending the truth

Are we going to get rekt badly?

You don't know what you are talking about.

what is the importance of Tether? And why would this affect the market?

I'm selling 5% back to fiat. Will buy back into whatever crashes (unless it's tether LOL)

This is top kek fud. I'm not selling my tethers until the dip.

Nice job Pajeets for "exposing" Tether.
Jesus fuck.

NOO PLEASE, MY LINKS ARE JUST GOING UP, DON'T CRASH THE MARKET

tether is the most liquid asset/crypto in the whole game. If BTC is a property then tether is green cash. If tether crashes, then we are all doomed.

This. Tether can and has crashed the market before. People trade into tether anytime currencies drop more than 1-2% in an hour, often leading to chain reactions of 5-6% or more in an hour.

>people sell their btc for tether
>tether collapses
>thousands of people lose all their money and exit the market
>support drops
>price crashes

shit my nigger my massa gonna lose his money and thus my money nigga i fucked

Money going into BTC/ETH/etc. instead of USDT is good for crypto

Money going into USDT instead of BTC/ETH/etc is bad for crypto

coindesk is a terrible news service. they retweet news that is months old, and new articles like this report on shit that happened days ago and report it poorly.

shit tier news service

It's good in the long run, but definitely bad in the short term if tether dips.

Why can't people just directly withdrawl BTC to Fiat? Why does it have to be BTC > USDT > fiat?

LOOK AT THESE CONGOIDS THAT CAN'T UNDERSTAND ACTIONS HAVE CONSEQUENCES BEYOND THE TIP OF THEIR FUCKING NOSES LMFAO

"DAH BITCORN GO UP SO THIS GOOD THING DUH"

Makes me wonder how things will be with crypto bought with it.
Basically ones for which Tether is swapped, but if it's worthless a lot of the value in crypto is far from correct. Who knows how much Tether has been put in certain cryptos.

Hahaha. There's only 8 billion USD in the market to begin with. This shit is all so fucked

Oh boy I can't wait for the literally nothing that is about to occur.

Taxes and usdt is supported on almost any exchange

If everyone buys crypto with USDT it should make the general market go up.

You fucking dumb nigga. Shut up, if you don´t know what you´re talking about!

WTF you all are panicking for?

BTC marketcap 193B
USDT marketcap 1.6B

Tether accounts only 0.83% of BTC market cap. Even if it blows up, it's only going to bring down those who own it. And small dip for you guys panicking before me and other whales buy bags from your shaking hands.

The whole reason people even hold tether is because of the idea that every tether = $1. You think exchanges have hundred of billions of cash laying around for BTC to be traded against? It would ultimately cause an exchange run or what we call in the real world, a bank run.

DUMB NIGGA THAT DOESNT UNDERSTAND HOW MARKETCAPS WORK LMAOOOOO

im a noob.. can you elaborate how this would help with taxes?

>can't cash out
>People flip and tip the fuck over to BTC
>BTC MOONS

ALL IS WELL

We arent panicking, everyone else is.

Did you look at the market, the whole fucking this is getting wrecked.

You thought the new year crash was bad, this will be 5x worse.

When the asians get on, everything is fucked

YOU DUMB PIECE OF SHIT! FUCKING EDUCATE YOURSELF

INB4 tether exit scam and tether goes up higher than $1 a coin

>btc continues to go sideways
>"getting wrecked"

Just bought some ETH / USDT. Still up over 8% for the day. Should I worry? Can someone explain how this pairing might be affected?

>people expecting market crash
>everyone wants to sell
>tether is worth 0 so demand is almost nonexistent
>btc panics
>huge crash

if tether goes under, you can't buy btc with tether.

What is the fucking problem? just flip it over to an alt or BTC ETH.

i think i understand now. so you can cash out your BTC for tether so since its always $1.00, essentially your BTC price has been locked?

>Bitfinex
bro...bitfinex IS tether lol

RETARD NOBODY IS GOING TO ACCEPT TETHER ANYMORE WHY THE FUCK WOULD THE EXCHANGES TRADE THEIR BITCOIN FOR TETHER IF TETHER GOES UNDER LMFAO

BTC and tether are basically one in the same.

BTC is backed by tether.

If tether goes down BTC goes down.

BTC is going to tank tonight when the asians get on.

Mark my words.

The crypto marked is about to get ass fucked

>reddit spacing
GTFO and take ur FUD with ya u tard

youre a fucking idiot. just because something doesnt have a direct USDT pairing doesnt mean that consequently billions of USDT falling from the market wont cause btc and other coins to take a fuckin nosedive.

KYS

u guys panicing, nothing will happen