Is my coinbase wallet safe bitfinex ceo
Become a Redditor and subscribe to one of thousands of communities. We'll see what happens. Trades should usually not be advertised. Potter's life and reputation were on the line, and that can sometimes make a man do bad things if he's weak. A string of random characters used to secure your coins. Would a company be putting resources into these things if this is all fraud or an exit scam? Now there is nothing other than a kind promise from the government branded on each note. Ask people to contact you for it. A hashed version of the public key. Keep your coins out of exchanges like always and stop using Tether as a hedge. I am just going to play devils advocate. A wallet holds all of this information for you. It's not even Segwit Do you even know what a pair is? It allows there to be a fiat substitute. His explanation is perfectly reasonable. If you are interested in lending your crypto position, then you have no choice to leave your coins on the exchanges. Please remove your address. Once this happens, mainstream news will get word, smart eyes will take a hard look and realize the amount of fraud going on. What does that have to do beneficiary account coinbase can i hold bitcoin in bitfinex wallet my proposal that it's hubristic to presume that the dollar, and by extension tether, is of supreme importance to the entire market? High estimates suggest that 10bn is the total amount of money that has been invested into crypto, top exchange for ripple xrp vs stellar bn. The next year, in FebruaryMt Gox stopped all trading, shut down its website, and filed for bankruptcy. What specific one I would like to look at it. Why would a company making millions a is my coinbase wallet safe bitfinex ceo in trading fees decide to run a scam version of tether and risk that for what? Therefore, if USDT is not actually backed by real USD, that might mean that Bitcoin prices have been pumped up by monopoly money that Bitfinex pretended was real all along, ie Bitcoin price is not genuine at the Bitcoin Trading App Iphone Buy Ethereum Or Litecoin.
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No referral links in submissions. Have you run a calculation? But these dips on last for very short periods of time. Even though the company itself is shady financially - is that enough to cause such ramifications. There have been many high profile hacks in the crypto space:. Its not just a placeholder or safe haven. It is similar to how a debit card does not hold your money, but only holds the information needed to extract your money. I find that unlikely. Well, I am one of those people that went margin long. Good job and thanks for the effort you put into this. What are your thoughts on coinbase? The banking industry in the country of Taiwan are under scrutiny lately because of larger legal issues not involving crypto, but clearly affecting crypto companies https: Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Simply the removal of the tether pump will drop it significantly, and then that doesn't factor in the panic selling that will occur. Is it safe to hold coins on the crypto exchanges?
Tether is acting like fiat money while being unbacked by actual USD, and that's fraudulent. The most convenient thing to do is to leave your coins on the exchanges. Spoofy, Tethers and institutional investors are what they contend to be the lies and fraud, AND that this entire rally in is based on fraudulent Tethers and spoofing, and that this will implode the markets. When you say the why are there buy limits on coinbase bitfinex service countries, do you mean the "tether" coin market, or all exchanges that utilize tether? Submit a new link. At a certain discount people will understand what is going on and stop trading for Tether. You can also explore the Bitcoin Wiki:. IF a true bear market even occurs and yes, true bear market not just red coinbase buy bitcoin with visa debit card bitfinex app for some weeks. Do you really think the market is at its current price because of tether and not a massive adoption over the last year? You could trade your 1 USD for its value in gold. If Bitfinex wants more Tether, they make a request to Tether, just like all other Tether customers. It represents real dollars injected into the market. Market manipulation is omnipresent. However when they stop it could crash hard and fast. From demand for tethers. I mean, why haven't they allowed anyone to do an actual audit all this time? Of course not, nothing is, especially in crypto, just my reasons for trading. China, Korea, Japan, Europe. Although, that binance hack was massive. They try to prove Tether boosts the market with this picture in their article. Tether will not fail without Bitfinex also failing, which will case widespread panic. A wallet holds all of this information for you. It just means you can trade one for the. As of now, My Ethereum bitcoin hard fork coinbase bitfinex trading data analysis on fire right now actually. They probably don't give two shits about .
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But this does not necessarily mandate that it will fall completely. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Sure, you Sha Hourly Bitcoin Dual Mining Ethereum Zcash say this is a confidence game, but so is crypto, so is the USD, so is the concept of money. USDT exhibits exactly zero of those traits. In fact, there is nothing in this graph that proves bitcoin to match ethereum and ripple ripple may announce extended xrp theory. Submit a new text post. You don't have to think Tether. What is the current market cap vs issued USDT? Then again, you. There is strong evidence that tether may have nothing to do with the dollar or any other currency. This kinda feels like a few days before the Bitconnect fiasco to me. I actually agree with your argument about korea but chinese biggest exchanges actually have tons of USDT being traded in their platform. I also don't understand why people think it will "crash everything" considering that some exchanges use actual USD and many exchanges are overseas and use Korean Won and Euros. Market manipulation is omnipresent .
Bitfinex is a customer of Tether. Sign in Get started. My Ethereum is on fire right now actually. Bitcoin comments other discussions 2. Lots of tethers are being held by investors right now. You could just as easily argue that the fall of Tether would allow crypto to retain more value since it won't be moving to Tether anymore during dips. Even if they artificially pumped the price - is that enough. Look at that volume for the last 30 days. People attacking USDT seem to be pushing some narrative I think they have something to gain from it or just hate bitfinex due to selling their BFX after-the-hack tokens. As such, it is more resistant to wild inflation and corrupt banks. I doubt most of them would be willing to ever buy back in and get bitten again. Is this really a surprise to anyone. No referral links in submissions. If it wasn't about the FUD nobody would give a real fuck. This is only going to get much, much worse very quickly. Also, they gave their customers a haircut, probably a lot of complaints about the hack to Wells Fargo and other banks. I use Finex as well as others because of all those things.
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Also all of this is speculation. For more crypto insights, download our iOS app and visit us on www. I find that unlikely. Blocked Unblock Follow Get updates. A hashed version of the public key. When it implodes, many not all will want out of the market. From demand for tethers. Generated mathematically from the private key: Its not just a placeholder or safe haven. A wallet holds all of this information for you. Therefore it is imperative to guard your investments properly. Of course not, nothing is, especially in crypto, just my reasons for trading there. This is proven by Coinbase growth, transaction growth, and exchange growth both in volume and of exchanges , and growth in crypto-related sub-Reddits. A lot of people bought in from k, and most of those people will have lost a lot. Have you run a calculation? I mean, of course Tether will go down in value for now. The banking industry in the country of Taiwan are under scrutiny lately because of larger legal issues not involving crypto, but clearly affecting crypto companies https: You could trade your 1 USD for its value in gold. This is called scalping or scare walls. Doesn't feel organic but like a smear campaign organized by someone. They are trading in their currencies. Or will shorting just leave you with nothing because Kraken just takes your money like the mob does when you win at their casino? By that time, BTC had risen 4 times it value from when the hack happened. Market cap is a really stupid way to measure the amount of actual money in the system. If it ever comes out that that's not actually true, it would mean that the market has been pumped to hell with monopoly money and is therefore hugely overvalued at the current marketcap. Do you believe that tether is sitting with 2 billion in the bank?
That was the basis of its value. It's just something to trade against you moron. It What Is Bitcoin Mining And Is It Profitable Mining Profitability Drop remain the de-facto currency on many exchanges. Exchanges can be hacked and are under constant attack. That's the crux of it. Tether will not fail without Bitfinex also failing, which will case widespread panic. Withdrawals would likely be frozen on many, and who knows how much of these sketchy exchanges actually have in their reserve. Market manipulation is omnipresent. Don't forget the severe loss of confidence in the value of the market if it can be easily manipulated in this way. From demand for tethers. Sign in Get started. You are being silly.