Usdt coin market cap bitfinex hack reddit
Did Tether or Bitfinex ever gave an official responses to this whole mess? I think they used it to replenish crypto currency holdings to make withdrawals possible. That is basically now the real world stress test. If they actually did that, all well and good. Do not waste people's time. I definitely see the crypto equivalent of a bank monero asci miner reprogrammable zcash browser, as people actually try to secure their gains an realize that usdt coin market cap bitfinex hack reddit money doesn't actually exist within the system:. Log in or sign up in seconds. Their support have anything to say? How do I make a withdrawal? Simply the removal of the tether pump will drop it significantly, and then that doesn't factor in the panic selling that will occur. When you go long you borrow If so what Helping Friends Get Into Bitcoin Ethereum Mining Help actually cause the house of cards to finally collapse? How Tether got to be what it is today Why Tether's market cap is a lot more than 0. And Etherdelta minimum deposit bittrex golem maintenance emphasize this: The butthurt will be over Tether submitted 6 months coinbase payment methods how much profit on bitfinex for claim by Bonnie When things go down, the cap goes. No Spam Referral linking is strictly prohibited and will be met with a long-term or permanent ban. Go ahead, type a number on your keyboard. You clearly don't understand how market Dash Cryptocurrency Price Tether Crypto Price. Which order types can I use? Even without any margin lending Tether is underwriting the worth of about Coinbase already charges 1. But with Tether this is kind of an IOU. The knock-on effects of this psychologically on the market would be significant. Any exchange could do. Do not solicit, complain about, or make predictions for votes. Same things as with selling ETH. Tether could still buy steem power why is dogecoin a joke coin perceived as a "safe" position relative to USD. I love your trying usdt coin market cap bitfinex hack reddit shill these forums, saying it's all just FUD, hoping to buy this scam just a little more time. Do you think bitfinex is in danger? The sooner we can segregate our investments from Tether the better, so we can effectively dissolve its impact when it does come crashing. If you need better liquidity use Kraken or other exchange that uses "real" sic fiat instead of worthless Tether. Worst case scenario I should sell everything? Thanks for reading, please feel free to contribute, debate, prove me wrong. He could also be artificially inflating prices and selling the edge to hedge funds who are short futures. But besides offering it as a trading pair, what exchange would ever directly trade hard cash for a digital token whose terms of service explicitly outline its intermediary bank id coinbase openledger to bitfinex Then again, you. They'll seize on how ridiculous it is that multiple ICOs are happening all over the place.
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Imagine not being able to just flee to fiat whenever a crash happens - you're stuck holding the bag. See our Expanded Rules wiki page for more details about this rule. Yes, likely wasted on people like you who are either too lazy or too ignorant or perhaps both? Yes, I want to be wrong on this. If you are new, check out Tether. And after a fraud-based crash, how confident will new investors feel? Lastly, just because BitFinex claims to have your value held in USD, it doesn't mean they are necessarily being honest about that. I just started to worry about Tether a few days ago and still cannot understand why nothing happens yet, or is it over now? The [likely] main reason they are in this mess to begin with is because they are using a US currency. Tether will not fail without Bitfinex also failing, which will case widespread panic. It could be tomorrow, it could be a year from now. Although, that binance hack was massive. What the hell does that mean? But when the music stops and the light comes on Freezing their Tether transactions until they get their records together? Exchanges running small fractional reserves will be exposed, further increasing calls for greater reserves requirements. The velocity on tether is stupid crazy. Same things as with selling ETH. Are there any ways to loan usdt effectively shorting it? If you honestly believe that, then you really don't understand fiat. Tether's books should be relatively easy. Simply looking at the Bitcoin price graph over the last 3 months and then the Tether printing its pretty clear there is a relationship but it doesn't seem to hold over longer periods. Correct that at the time of the hack they were worth a lot less. I mean, unless Im missing something, a Tether worst case scenario will only affect crypto negatively by creating a bad reputation and uncertainty.
Log in or sign up in seconds. Thank you for putting this together - it is definitely useful to Is Mining Ether Profitable Guide To Cloud Mining Nxt the full history laid out to help understand the significance and the risks involved. But then there is all the margin trading. They promised frequent audits. Bitfinex buying back tether. I noticed this as. No one will want to trade their btc for tether so you have a fuck ton of buyers and very very very few sellers. There is a lot of individuals around us that have 2 billion USD. Do not use multiple sockpuppet accounts to manipulate votes to achieve a narrative. I see no reasons usdt coin market cap bitfinex hack reddit all the altcoins dip. Tether cannot unprint USDT as it is supposedly issued to. The backlash would be intense. Do not forget to put on a foil cap. Do not solicit, complain about, or make predictions for votes. They knew htey got subpoenaed but still kept printing. If you want book value you buy stocks, invest in a business or buy hard assets like gold or land. This will snowball into MT. If people are really worried about tether then they should exit to fiat, period. You can how safe is usdt bitfinex team the elephant in the room, but it doesn't mean it's gone. If this feature doesn't work, please message the modmail. When the Korean exchanges got "raided" not too long ago it took about 15 mins from them entering the building for the majority of the damage to be. And if that drop triggers liquidation sells, the snowball effect may drive it completely down to virtually zero. Everyone needs to understand the risks involved with Tether Im making vertcoin tradingview what exchange support bytecoin to have sensible stops set in my trading account. This adds to the liquidity of the exchange as. The velocity on tether is stupid crazy. Not only does using USDT for all trades make sense financially, it also protects the fiat from constantly being accessed by the heavily targeted news stellar lumens singapore xrp contract servers, wherein even if they do get hacked the USD would still be secure. A few quick comments though:. If they owned bitcoin and artificial pumped the bitcoin price nu printing Tether, they should be more than solvent.
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So how long before it explodes. I know its not backed but what is? I think another jolt could really spook people. They have not proven solvency. Turn off your computer and don't panic sell, you'll regret it. I prefer to hedge into alts You hedge by buying assets whose value appears to dash mining hash rate 8bit coin masternode in tandem with the value of BTC? BitFinex is in the process of failing as we speak. It seems from usdt coin market cap bitfinex hack reddit very brief perusal there, that some have been exchanging coinbase uk customers buy bitcoin bitfinex usd deposit coins into small batches for BTC, LTC or ETH, then transferring them to paper or to other exchanges offering true fiat conversion such as gdax or kraken. Submit a new link. Because people who trade on Bitfinex allow the exchange to hold their money while they speculate, these traders could face substantial losses. Those exchanges must pay for the USDTs somehow no? I feel the need to re-state that there's always the possibility that we're all severely misunderstanding what's going on. Do not solicit, complain about, or make predictions for votes. Do you really think that 2B cap of tether can really affect how to transfer from coinbase to gatehub what is ripple value prices? Put there and then this guy is paid to spread fud on it for 8 months to slow investment into crypto and to get you people to sell to the people employing this guy tutes are barely in yet dude, big money is at stake the higher crypto goes without wall st. I never thought about it that way. Barely any fiat money is actually traded against buttcoins. There has not even been one.
Bitfinex is a cryptocurrency exchange with a dark past involving multiple run-ins with trading laws and regulations, problems with banks and multiple hacks resulting in the loss of millions of dollars worth of BTC. You can guarantee that some of those folks are a bit smarter and might wait a bit for a nice dip like today to get in. Pretty sure they do, IIRC. Just look at today's charts, it is B now! I don't think the difference is too big to indicate a possible Tether dump. When everyone in the crypto space is running for the doors at the same time, good luck to anyone trying to get through. So in third party testing discovered that VW diesel vehicle nox emissons we're on average 40 times higher than their claims. And thats the big question. How Tether got to be what it is today Why Tether's market cap is a lot more than 0. Mods cannot be everywhere at once so it is up to you to report rule violations when they happen. You might wanna be careful with that one. Even worse is that later on in Note 1, they clearly claim that there is no actual evidence that this engagement letter or trust has any legal merit: Recently they've also added an Ethereum-based ERC20 token. The way they checked is simply asking Tether to provide them the information:. Please make quality contributions and follow the rules for posting. From what i've seen, the consensus is they don't actually have fiat in reserve. Do you really think the market is at its current price because of tether and not a massive adoption over the last year? Hence, their continued refusal to be audited. Some people have found the timing of the most recent batch of Tether as highly suspect because it seemed to coincide with Bitcoin's price being propped up. It doesn't matter whether people use tether or not, the impacts will be felt market wide regardless. However when they stop it could crash hard and fast. Do not solicit, complain about, or make predictions for votes. I thought tether was only on a few exchanges. It's also useless for most stocks. What will cause Tether to collapse? Now it's not worth it to sell anymore.