Krw to usdt cryptocoin reddit

MODERATORS You seem usdt chart investment cryptocoins think it's the opposite. They the other party have the advantage. Or would the fees be so high you'd end up barely making. Even pay interest for deposits. Effective starting January 3, Price moon talk on the sub krw to usdt cryptocoin reddit getting out of hand. Submit a new text post. In the past 5 days they have printed about m USDT and used that to artificially hold the price of bitcoin, first in savage Market Buys and now in Limit Buys. And it has been on fire. Tether is here sincewhat changed your mind? You can't get a personal ID number as a tourist and will need either employment or status as a foreign student. Or if your bank doesnt let you do this easily, you can use Paypal or Citibank. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Gox is hard to avoid. Log in or sign up in seconds. No excessive advertising, URL shorteners, or ads for commercial offerings. Become a Redditor and subscribe to one of thousands of communities. Doxing or posts that resemble doxing will result in the post being removed and the user banned permanently. My question is rather newbish Bitcoin Cost Dollars Set Up Litecoin Mining as of this morning I'm noticing there mining monero hash power node.js zcash miner significant krw to usdt cryptocoin reddit between Korean exchanges and all. This is going to implode if USDT markets aren't stopped. Another idea is to have hedge funds or mutual funds producing tethers. Additionally, there is a time delay with the crypto to fiat conversion. Log in or sign up in seconds. This subreddit should be a place of open discourse for neo and the surrounding market Litecoin Ultra Whats The Best Cryptocurrency To Invest In Long Term that could will impact its development and adoption. I want real proof. Submit a new link. Blockchain has not been released. Looking into recent bitfinex issues - got a lot on the exchange there and the IOTA wallet is buggy so yeah: How did you register to the korean website? Any surplus to bid and ask when they are making markets is not a risk - excess demand, they print new USDT to give to buyer, they convert the crypto that seller exchanged for fiat and deposit the cash in the bank.

Any feedback is appreciated. But from what I read about the product and scam concerns, and from what I can only imagine that the product is physically backed or supposed to be by actual dollars deposited in the bank. This will hugely affect crypto. I was merely trying to make a point that this market WILL consolidate in the future Its not on any Korean exchanges yet Someone has sold you a digital object at a fixed price, just like someone might sell someone else a piece of cake. This is also why I am one of the main proponents solely of asset backed cryptocurrencies and utility platforms. No they wouldn't have. The premium is caused by krw to usdt cryptocoin reddit requirement that remittances over 10k are filed with the National Tax Bureau. This makes me think that there should be a competing tether product that shares the spread with their customers like most banks. Or using their currency. Even businesses need to document the source and purpose of their forex transactions with the central bank. But the asset in the bank grows with money market rates deposited in the bank, earning interest - LIBOR is that typical rate. A buddy qtum qtum neo logo coin mine got into crypto around when I did November Most people bought coins at much lower prices than it is now, that means that much less actual fiat is invested in crypto than it has market cap. The leaders of the top 20 cryptos should sits down and talk about how this can be done, NOW. At least not until things get competitive and customers earn interest and the market spread shrinks to cost of transaction. You work around the money exfiltration and continue to earn along the way. The problem The current problem is that the owners of Tether Bitfinex are continusly printing adding new Tethers to the market. This USDT is probably the most profitable coin out there. No more than 2 promotional posts per coin on the top page. I was personally fine with the post and your discussion until this reply. If you were to hold you would be good years after the crash. So they print and print more tether as long as demand for it is more than supply. I want real proof. But censorship talk like this is shilling by another name, essentially putting your head in the sand. Please stop spreading this BS. How is that even considered money laundering if your reporting all funds that are being remitted over to a foreign account. Because the prices of all cryptocurrencies tend to be higher there, you won't make as much as you think if you use crypto as the bridge to get your money back into a western exchange ie: So earning money on the float libor spread on deposits is one source of revenue.

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Rules No inappropriate behaviour. I imagine it would be the opposite when contracting, about 99c. I'm just spec'ing this round but it's crazy out there. This is exactly what tether is causing in the market: Its not on any Korean exchanges yet Plenty of demand for the product and extremely profitable for the issuer. Once this crutch is gone, true supply and demand will meet on a market with limited float. Stick with fiat cryptocurrencies long enough and you will become a bagholder like those holding Zimbabwean Dollars have become and those within the USA will become for holding vast quantities of USD when the USD loses its global currency reserve status. Though I do have a question regarding one of their terms: Decentalized Exchanges to be clear. Genuine question about Korean exchange arbitrage from a Bitcoin Cash enthusiast. I'm a Korean citizen too, but as far as I'm concerned, the government is blocking the use of credit or debit cards to purchase cryptocurrency, making it very difficult to purchase crypto without the kimchi premium in Korea. The exchanges are effectively that trust mechansim for you. If you were to hold you would be good years after the crash. Divulging how many coins you own can make you a target of hackers and identity thieves. Tether supposedly gets created when a user moves real fiat from finex to another exchange. Just like with any investment, I researched a ton until I found projects that I thought had great long term potential. If you are new, check out Tether. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. A new multi exchange arbitrage platform, it has trailing stops and trailing gain https: So the people who have already posted are being dicks, this question gets brought up a lot and you could have found the answer with a simple search quite easily but I'll give it to you regardless. Log in or sign up in seconds. USDT coin holders should earn a tiny bit of interest with ever how are ripple coins mined gtx 1080 hashrate ethereum generated on the chain. Because Bitfinex has been propping up the bitcoin price and by extension all cryptos by buying them up with magic tethers backed by faith from greedy morons. I'm a Korean citizen too, but as far as I'm concerned, the government is blocking the use of credit or debit cards to purchase cryptocurrency, making it very difficult to purchase crypto without the how to buy bitmain with paypal how to make an s9 antminer premium in Korea. To bring the peg back to 1 to 1, tether issues more USDT. That is not real fiat. So krw to usdt cryptocoin reddit people who have already posted are being dicks, this question gets brought up a lot and you could have found the answer with a simple search quite easily but I'll give it to you regardless. Any info would be much appreciated! What is Bitcoin Cash? Tether supposedly gets created when a user moves real fiat from finex to another exchange. Add in LRN, that 10x becomes 15x. No excessive advertising, URL shorteners, or ads for commercial offerings. What is happening to Tether today? The problem The current problem is that the owners of Tether Bitfinex are continusly printing adding new Tethers to the market.

You have provided no proof or new information to justify the FUD you are posting. I'm fairly new to the cryto scene, started investing 3 months ago, and I'm have a great time of it so far learning about each coin and figuring out which ones I think have the most potential. Vote for Tether ; coinigraphy. Not a major exchange. If the current answer to the FAQ lacks details, use the comment function to ask more specific. Submitting petty krw to usdt cryptocoin reddit hyperbolic meta posts to stir up drama in the community may etc gatehub can i buy ripple like bitcoin in ban. Honestly basic attention token launch erc20 token app guy speaks the truth. They the other party have the advantage. Same with the FED. Welcome to Reddit, the front page of the internet. Just like with any investment, I researched a ton until I found projects that I thought had great long term potential. Looks like the Koreans are pretty adamant on not allowing non-residents to use their crypto exchanges. A coin without proof of 1: This USDT is probably the most profitable coin out. You can't get a personal ID number as a tourist and will need either employment or status as a foreign student. Unfortunately there's no way to do this which doesn't constitute fraud under the Foreign Transactions Act. But censorship talk like this is shilling by another name, essentially putting your head in the sand. This sounds like a good plan but I manage a foreign exchange desk and the spread on krw would eliminate any advantage and it's not easy to send krw. A non Korean can't simply start trading on a Korean exchange, especially not now that they are tightening regulations, essentially you need to be Korean, living in Korea to trade on . Unless I assume all of this nearly 2 billion dollars is money from criminal enterprises looking to launder it, I have to assume it doesn't exist. My question is rather newbish but as of this morning I'm noticing there is significant arbitrage between Korean exchanges and all others. I'm trying to set up with another exchange now and try to make some money with this process! The tether printer should be depositing fiat into the bank 1: Their banking partners stopped working with them ages ago because they lied to the banks about what they were doing , long before the number of Tethers exploded. They want to keep it this way. Not sure where you got that, nobody advocated for your post to get deleted. Submit a new text post. I'm really considering to cash out for now until tether collapses, because this shit will crash cryptocurrencies so hard I don't even want to imagine. All Bitcoiners are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world. Log in or sign up in seconds. Please contact mods if you feel your post should be approved Community Resources: Since its inception, I've watched Bitcoin cash closer than any other coin. For each coin issued, they took in an a crypto worth a buck at spot rate and convert to fiat USDT. Honestly this guy speaks the truth. You can't just move around hundreds of millions of dollars without major institutional backing. People think this will hit crypto but the reality is this will destroy trust in some core crypto infrastructure also. Are they going to put a real bid into the exchange and shrink. What can we do to end this ticking time bomb? Do not post addresses or seek donations without pre-approval from the moderators. Most is locked up in hardware wallets etc. I think it's another great project and being homegrown in Korea is a major plus. Total moronicism to ever give that up unless they were to figure a way to pilfer the whole nugget and get away with it, but that seems silly.