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RE: Why Tether’s latest statement about its auditor is complete BS
Who the fuck cares of the FEDS outside of America - really come on.... US is not the world & they even have no US clients, lol.
So now you are cut off financial world literally as your banking system is broken but in meantime on whole planet nobody cares of your own rules. I am pretty sure (and know) all exchanges have communications with all kinds of officials incl. law enforcement worldwide as all must give out infos when court rules are presented.
If all went bad then max. USD is de-listed from exchanges what would more start a new exciting moment in history as it would litterally loose complete force of being the "major currency" worldwide - as crypto will win, thats sure.
Bitfinex is the bad apple that spoils the barrel of apples who are all the crypto exchanges tied to BTC valuations and USDT
The Feds had a long arm around the world, plus the jurisdictions they are in will line up with the Feds.
The world media dwells on negativity, the masses of crypto investors that fueled the rise of crypto the last 100 days are exchange only wallet holders.
They see crypto exchange owners doing a perp walk they will flee.
The coming days, weeks and months will reshape the crypto landscape.
I say cold storage old coins with 80% profit, liquidate now recent coins get cash out of exchanges.
So depending on how much profit in coins you have to lose, cold storage is for cheap positions only now.
Or one could go all cash short term then Hoover up after the crash.
Or dumping all coin into steem is IMO a great move.
That's my opinion and time will tell if the markets move as I envision it.
Yeah and it is of course legit but in that situation they can not do a lot as it is not a company what has any relationship except listing USD - like I said all larger exchanges worldwide are anyway long time in communications with various officials. Finex earned a few m USD / day the last year nearly what can be easy calculated so in fact that company was never such well positioned & capitalized as now.
I would be more concered of Coinbase and Bitpay (so all US based nobody I know would ever use as non-US based human) as nobody know till today what is even with that dead hot-wallets from them + multiple other stuff - lol.
But you are right.... time will tell anyway :)
IMHO storing coins on an exchange is always a bad idea - except the % you can lose, thats nothing new. And buying steem on top is in my eyes the worst - I drive with my HODL strategy perfect since 2012. ^^