Without this bitcoin price would collapse’: Fears grow over tether ‘printing press’ as auditors part ways

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‘Without this bitcoin price would collapse’: Fears grow over tether ‘printing press’ as auditors part ways
Anonymous Coward User ID: 76098766 Belgium 01/29/2018 12:09 PM Report Abusive Post Report Copyright Violation	‘Without this bitcoin price would collapse’: Fears grow over tether ‘printing press’ as auditors part ways BITCOIN could crash up to 80 per cent if it turns out the price has been artificially pumped up by controversial crytpocurrency tether, analysts have warned. Tether, a so-called “stablecoin” which aims to maintain a value of one US dollar per tether, has been described as the “ticking time bomb” of the cryptocurrency world which could trigger the next “bloodbath” similar to the 2014 collapse of the Mt. Gox exchange. A key critic of tether and its owner Bitfinex, a cryptocurrency exchange registered in the British Virgin Islands, is a blogger going by the handle Bitfinex’d, who has published a series of detailed blog posts, tweets and YouTube videos outlining the scheme. In effect, Bitfinex has been accused of creating tether out of thin air, without corresponding US dollar deposits, in order to pump up the price of bitcoin. While Bitfinex insists all new “USDT” are backed by real dollar deposits, new tether issuances have coincided with dips in the price of bitcoin. [link to www.news.com.au]

Anonymous Coward (OP) User ID: 76098766 Belgium 01/29/2018 03:00 PM Report Abusive Post Report Copyright Violation	Re: ‘Without this bitcoin price would collapse’: Fears grow over tether ‘printing press’ as auditors part ways Nobody gives a fuck?
Anonymous Coward User ID: 75287018 United States 01/29/2018 03:05 PM Report Abusive Post Report Copyright Violation	Re: ‘Without this bitcoin price would collapse’: Fears grow over tether ‘printing press’ as auditors part ways
Anonymous Coward User ID: 31472973 United States 01/29/2018 03:05 PM Report Abusive Post Report Copyright Violation	Re: ‘Without this bitcoin price would collapse’: Fears grow over tether ‘printing press’ as auditors part ways Nobody gives a fuck? Quoting: Anonymous Coward 76098766 Given that the value of crypto has nothing to do with Tether, this about sums up the relevance of your article: none.
Anonymous Coward (OP) User ID: 76098766 Belgium 01/29/2018 03:07 PM Report Abusive Post Report Copyright Violation	Re: ‘Without this bitcoin price would collapse’: Fears grow over tether ‘printing press’ as auditors part ways Nobody gives a fuck? Quoting: Anonymous Coward 76098766 Given that the value of crypto has nothing to do with Tether, this about sums up the relevance of your article: none. Quoting: Anonymous Coward 31472973 Sure! Wait until Tether is going belly up and we'll talk again. Looks like we won't have to wait too long for it.
Anonymous Coward User ID: 76162057 United States 01/29/2018 03:13 PM Report Abusive Post Report Copyright Violation	Re: ‘Without this bitcoin price would collapse’: Fears grow over tether ‘printing press’ as auditors part ways BITCOIN could crash up to 80 per cent if it turns out the price has been artificially pumped up by controversial crytpocurrency tether, analysts have warned. Tether, a so-called “stablecoin” which aims to maintain a value of one US dollar per tether, has been described as the “ticking time bomb” of the cryptocurrency world which could trigger the next “bloodbath” similar to the 2014 collapse of the Mt. Gox exchange. A key critic of tether and its owner Bitfinex, a cryptocurrency exchange registered in the British Virgin Islands, is a blogger going by the handle Bitfinex’d, who has published a series of detailed blog posts, tweets and YouTube videos outlining the scheme. In effect, Bitfinex has been accused of creating tether out of thin air, without corresponding US dollar deposits, in order to pump up the price of bitcoin. While Bitfinex insists all new “USDT” are backed by real dollar deposits, new tether issuances have coincided with dips in the price of bitcoin. [link to www.news.com.au] Quoting: Anonymous Coward 76098766 Read the last sentence of your article. Tether is actually keeping the price of bitcoin down. I know the other day they had some Tether FUD which caused a big increase in the price of Bitcoin overseas as people were fleeing tether and purchasing bitcoin, litecoin and other stuff.
Anonymous Coward User ID: 76099090 United States 01/29/2018 03:24 PM Report Abusive Post Report Copyright Violation	Re: ‘Without this bitcoin price would collapse’: Fears grow over tether ‘printing press’ as auditors part ways Good thread OP. The tether scam that pumped bitcoin price vertical is the same exact scam the banks use to pump up stock markets. They create fake, valueless dollars (like only a FedRes bank can) then trade stocks back and forth to each other with the fake money, bidding up the price, while the average person puts real, earned money into the market. The banks take the real money during pull backs and crashes. Bitcoin was pumped up the same way and that proves, to me, that bitcoin is another banker operation.
Anonymous Coward User ID: 76099090 United States 01/29/2018 03:26 PM Report Abusive Post Report Copyright Violation	Re: ‘Without this bitcoin price would collapse’: Fears grow over tether ‘printing press’ as auditors part ways BITCOIN could crash up to 80 per cent if it turns out the price has been artificially pumped up by controversial crytpocurrency tether, analysts have warned. Tether, a so-called “stablecoin” which aims to maintain a value of one US dollar per tether, has been described as the “ticking time bomb” of the cryptocurrency world which could trigger the next “bloodbath” similar to the 2014 collapse of the Mt. Gox exchange. A key critic of tether and its owner Bitfinex, a cryptocurrency exchange registered in the British Virgin Islands, is a blogger going by the handle Bitfinex’d, who has published a series of detailed blog posts, tweets and YouTube videos outlining the scheme. In effect, Bitfinex has been accused of creating tether out of thin air, without corresponding US dollar deposits, in order to pump up the price of bitcoin. While Bitfinex insists all new “USDT” are backed by real dollar deposits, new tether issuances have coincided with dips in the price of bitcoin. [link to www.news.com.au] Quoting: Anonymous Coward 76098766 Read the last sentence of your article. Tether is actually keeping the price of bitcoin down. I know the other day they had some Tether FUD which caused a big increase in the price of Bitcoin overseas as people were fleeing tether and purchasing bitcoin, litecoin and other stuff. Quoting: Anonymous Coward 76162057 Read my post above this one. The creation of new tethers after a pullback is to stop the decline and goose the price back upward so the tards go put more money in.
DRGONZO User ID: 68935785 United States 01/29/2018 03:33 PM Report Abusive Post Report Copyright Violation	Re: ‘Without this bitcoin price would collapse’: Fears grow over tether ‘printing press’ as auditors part ways At the time of parting the auditors had concluded that the amount of money on Tethers books matched that of it's outstanding coin circulation. Seriously, we've already had Tether FUD, Multi-million dollar hacks and exchanges blowing up and still the price keeps on chugging. Tether is a nothing burger. It crops up every now and then when People like Tone Vays or other twitter hacks need some clickbait.
phillk6751 User ID: 71013070 United States 01/29/2018 03:33 PM Report Abusive Post Report Copyright Violation	Re: ‘Without this bitcoin price would collapse’: Fears grow over tether ‘printing press’ as auditors part ways Tether doesn't "support" just bitcoin....there are dozens of coins traded with tether...anytime a coin on an exchange is listed for XXX/USDT or XXX/EURT etc they trade with tether. I'd be interesed to see the value of the top 10 in relation to when exchanges started trading them with tether. Last Edited by phillk6751 on 01/29/2018 03:37 PM
DRGONZO User ID: 68935785 United States 01/29/2018 03:40 PM Report Abusive Post Report Copyright Violation	Re: ‘Without this bitcoin price would collapse’: Fears grow over tether ‘printing press’ as auditors part ways People have been fear mongering about Tether for months now and it hasn't blown up yet. Nobody had ANY issue with Tether until Tone Vays decided to start calling it a scam on his YouTube videos. That's LITERALLY when it started. Guess what? The dude calls ANY coin other then BTC a "scam" LTC, any block chain start up...Ethereum...those are all "scams" according to him The reason this never got very far is because nobody who is actively aware of whats going on in the crypto space takes that guy seriously. Nothingburger Last Edited by DRGONZO on 01/29/2018 03:46 PM
Anonymous Coward User ID: 75943545 Germany 01/29/2018 03:51 PM Report Abusive Post Report Copyright Violation	Re: ‘Without this bitcoin price would collapse’: Fears grow over tether ‘printing press’ as auditors part ways 2 billion is not a lot of $ when you think of how many people can invest into crypto. it's also just 20% of bitcoin's daily volume right now bitmain alone has more assets than bitfinex and all tether exchanges combined. the pump in december was led by bithumb not bitfinex. bithumb doesn't use thether at all. [link to wallet.tether.to (secure)]
DRGONZO User ID: 68935785 United States 01/29/2018 03:55 PM Report Abusive Post Report Copyright Violation	Re: ‘Without this bitcoin price would collapse’: Fears grow over tether ‘printing press’ as auditors part ways 2 billion is not a lot of $ when you think of how many people can invest into crypto. it's also just 20% of bitcoin's daily volume right now bitmain alone has more assets than bitfinex and all tether exchanges combined. the pump in december was led by bithumb not bitfinex. bithumb doesn't use thether at all. [link to wallet.tether.to (secure)] Quoting: Anonymous Coward 75943545 Correct If anything it would force people BACK into crypto rather then parking gains in Tether. It would probably wind up being price positive in the long run.
Anonymous Coward User ID: 61899855 Netherlands 01/29/2018 03:57 PM Report Abusive Post Report Copyright Violation	Re: ‘Without this bitcoin price would collapse’: Fears grow over tether ‘printing press’ as auditors part ways i use to love playing tether ball at school i was good at it too
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