Tether Printing Presses Are Still Going Full Steam Ahead...
Fear Not, Friends. We'll Keep Getting New All-Time Highs Across Cryptocurrencies As Long As This Continues...
New Tethers Printed! Here's What It Looks Like So Far...
I know many of you welcome higher prices...
...but think about the cost. You're being robbed of the opportunity to acquire more crypto at lower "real" market prices...and we're going to pay for this crazy boost in prices with a substantial crash, sometime in the future.
Our government friends will use this next (big) crash as "proof" that more regulation is needed...
Tread carefully in this market, my friends!
This post is a continuation of my previous posts about the risks presented to the cryptocurrency ecosystem by Tether and Bitfinex. You can read them here:
Widespread Cryptocurrency Price Crash Imminent Due To Bitfinex and Tether
Do you have money on Bitfinex? You might want to read this.
Tether Prints $325,048,400.00 USD in the Month of November
How Tether is Pumping Up and Propping the Bitcoin Market in One Simple Chart
Tether Shareholder Report Leaked: Links Between Bitfinex and Tether Confirmed
Tether Deposits and Withdrawals are "Blocked"
Bitfinex Hires PR Firm and International Law Firm To Attack Critics ("Bad Actors")
Bitfinex Corporation Has Closed Down All Business Activities In Hong Kong and Singapore
Multiple Documented Reports of Accounting and Ledger Irregularities ("Bugs") Plaguing Bitfinex
The material for this post was sourced by Bitfinexed on Twitter, one of the top critics of Bitfinex and Tether's business activities. Please feel free to share or re-steem this post to warn your followers. Your comments and upvotes are always appreciated, of course.
Thank you so much for this article. I so, so agree with you. It's a pump'n'dump picnic on steroids. You've put the research into why BTC is soaring. I like so many of the blockchain ideas that have evolved, and there are so many fantastic ideas embedded in it, that I don't want to see the BTC craze tear it down. Excellent article and excellent research. Thank you.
I certainly cannot take full credit. It only started to click when I saw a post on Reddit about Tether printing, then I started to do my own research from there, and came across @bitfinexed on Twitter.
Cryptocurrency has a very bright future, but the craze right now will result in a blight that will shadow Mt. Gox, I think. But who knows if it will hit $20k, $30k, $50k, $100k before that point...
I'm NOT in the market.
I've got a little bit staked in the market, but I took some earnings off the table.
Believe it or not, George isn't at home...
Please leave a message...at the beep...
Great read mate. I've given it a share and you a follow.
Look forward to watching all this tether shit unfold.
Thanks for reading, there is going to be a clusterfuck here soon. How soon is very, very hard to say, and the price of Bitcoin will go up in the meantime...
how people make money in tether, can you explain, because I see that the price is always going donw in term of bitcoin, if bitcoin go up so tether will cost less bitcoin, is there something I am missing ?
Or maybe people buy tether when the price of bitcoin is going up and sell it when it's going down, but how much tether we need to start earn some profit ? I lost a lot in trading and I am afraind now from all this coins
"People" don't make money with Tether. The people who issue and manage Tether are the only ones making money...and there are people who buy Tether when it falls below the $1.00 mark because they believe it's backed by $1 USD per Tether, when it is fact not.
Stay away from Tether.
thanks for the good advice, I saw people that are crazy about this coin, me too I don't think that is worth it, what crypto can you advice to buy and what will go to the moon in the next year ?
I honestly couldn't tell you... though I think SOL is a pretty good investment, it's in the ICO phase and is similar to Steemit (in a complimentary way). The platform is great.