How long until tether exit scam?

I give it 3 months max

Same here, I don't think as many people are concerned about it as they should be considering how knee deep of shit they are into. When the shit hits the fan it will be ugly. I project anywhere from now to the next few months as well.

Bitfinex made ~$100M in fees in December alone.
Only total poorfags think that Tether must be a scam because they are genuinely unable to comprehend the notion of 2 billion dollars.

I just imagine 2000 versions of me and realize that while it's a shit ton of money for one person it's nothing exceptional for a business, especially one that holds people's deposits. I *know* guys with $10M+, for them it's only 200x.

Bitfinex has >100k accounts.

They made that money by pumping btc price. You already forgot they printed almost 1 billion in the month of january

It's too big to fail.

The worlds first working Ponzi scheme

You do realize that if tether fails all of crypto collapses, right?

You retards FUDing tether are the makers of your grave. Buying crypto and hoping tether collapses is like buying stocks and hoping the US dollar tanks.

The writing's been on the wall for months. After Tether got cut off by its institutional backing, Wells Fargo back in April last year, it's been printing monopoly money to fill the hole it has left. Whether people and the media fud it or not, it's a bomb waiting to go off. It will either shrink or grow in proportion to the market. Its destruction is inevitable.

it seems more and more likely that tether is legit, thus the banks want it to fall, so that at best (for them) crypto dies and at worst we all have to use usd thus more taxes from americans.

You really think there was $ 850 million worth of fresh money coming into the market just during the biggest crash we've seen in a year? That was 60% increase from the previously printed Tether in circulation in the span of a couple of weeks all in the pretty increments of 100 million USDT. Bitfinex is basically working with Tether and they've been responsible for artificially propping up the price of BTC and subsequently all alts thus far. A big chunk of the momentum of the bullrun BTC had last year was attributed to Tether as well. There are also estimates from JP Morgan that only about 10-12 billion of actual fiat was injected into the market when there was about 600 billion market cap. And roughly 20% of that is USDT in circulation which is highly unlikely to have the backing like they claim is is.