Tether fraud waiting to blow up Crypto markets

Yesterday we re-posted a detailed money flow analysis of Crypto markets with a focus on Tether liquidity titled The Bit Short: Inside Crypto’s Doomsday Machine.

It is an anonymous post but it's obviously genuine, the author is from the startup VC community. Several core arguments were solid and only could come from someone who deeply understands risk management in opaque markets, blue oceans (new markets), dealing with paradigm changing ventures - such as Crypto is (or potentially is).

Bottom line, Tether is a Ponzi scheme, a massive global money laundering operation. If you look at the majority of Bitcoin purchases, they are from Tether, not from US Dollars. So if you're thinking that if you're not in Tether you are safe, you are wrong. 2 Crypto systems have emerged, the regulated and the unregulated. This is not so different than the traditional banking system, which gave rise to Shadow banking. Just like a Seychelles entity, there is no transparency in the non-regulated exchanges. They mostly block US IP addresses and US Citizens, not only to avoid being caught- but from preventing the Ponzi to blow up. Tether is a real Ponzi scheme because they ARE processing withdrawals, and depend on more money flowing into the system through offshore exchanges promising huge bonuses and rewards (paid in Tether of course).

Just like the silver paper market. But since it's legalized it's not considered a fraud.

What is a fraud ?

Everyone with common sense wondered what sort of fool would pump that much real money into bitcoin. The answer seems to be the bagholders here and on the tube channels.

Someone yesterday stated the true value of bitcoin is $200, not $200,000, but $200 because of the dark net trade stuff it used to do.

Now all these other "coins" came out making it even more ridiculous.

But the bitcoiner assholes will be along to say "you don't know what you're talking about" with no counter argument.

Dry up and blow away, turd.

You know the whole financial system, banksters, federal reserve is a big ponzy run by the 1% printing money out of thin air.

But yet crypto, one of the only way the little peoples, the 99% can finally be allowed to make money NOW THAT'S BAD and must be destroyed.

How ironic.

.


Well there you go, op.

place limit orders around 200... and see if they get filled...

The percentage of the 99% turning supposed profits if they sold did so at the larger percentage of the 99% that lost their asses. Nice try.