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.

the answer is yes.

the more people that sell the more tether is needed.

there is literally money for every tether.

jesus you type so much but have no clue.

So the actual, worst case, "it's all worthless funny money" crash from USDT = 0 would level out to be... 20%?

oh fug, we're in a giant ponzi and the only people that win are the ones that pull out early then

It will happen before April 17.
That's because the whales and Jews want to force people to cash out at a loss in order to pay taxes.

people love to parrot internet gossip and theories with no actual evidence

You don't know how market cap works shut the fuck up already you sound like a dumb ass.

Reminder that if you buy into this FUD, you're buying into

UNFOUNDED
SUSPCIONS

Have a nice evening!

you have to be autistic when it comes to money, letting emotions cloud your reasoning will fuck you up in the end

There is USD pegged for every Tether - which is why I assume on their website it says in plain English that they are not obligated to redeem USDT for a dollar right? There are lots of breadcrumbs and circumstantial evidence that points the conclusion that USDT is fake monopoly money whereas there is in fact less evidence that point otherwise.

I'm saying that if JP's estimates are right, out of the 10-12 billion of actual invested money, around 20% of that is Tether which may not have all the pegging as they claim.

And you take a blind leap of faith on a company with no known address with scattered offices in Asia that's registered in British Virgin Islands. Not to mention that they've never been audited. People may say tons of exchanges aren't audited yet Tether's the only funny one that keeps printing out their tokens in astronomical numbers. Go figure.

Only time will tell. I hope I am wrong as well faggot.

There is USD pegged for every Tether - which is why I assume on their website it says in plain English that they are not obligated to redeem USDT for a dollar right? There are lots of breadcrumbs and circumstantial evidence that points the conclusion that USDT is fake monopoly money whereas there is in fact less evidence that point otherwise.

I'm saying that if JP's estimates are right, out of the 10-12 billion of actual invested money, around 20% of that is Tether which may not have all the pegging as they claim.

And you take a blind leap of faith on a company with no known address with scattered offices in Asia that's registered in British Virgin Islands. Not to mention that they've never been audited. People may say tons of exchanges aren't audited yet Tether's the only funny one that keeps printing out their tokens in astronomical numbers. Go figure.

Only time will tell. I hope I am wrong as well fag.