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| 12:08 AM | ||
| Users Online Now: 1,692 (Who's On?) | Visitors Today: 7,189 | |
| Pageviews Today: 14,819 | Threads Today: 9 | Posts Today: 131 |
| 12:08 AM | ||
BitTards! You're NOT Gonna Like This. Crypto Reset Imminent? | |
| Vituperate
Offer Upgrade  User ID: 72715204  United States12/06/2021 06:00 PM Report Abusive Post Report Copyright Violation | |
| Fhirinne
User ID: 79463692  United Kingdom12/06/2021 06:05 PM Report Abusive Post Report Copyright Violation | You had me until "Mike Adams" the guy lost all cred a long time ago, and even more so digging up the fun vax stuff years and years after its been shot down as the BS it was. Last Edited by Fhirinne on 12/06/2021 06:05 PM You are the CEO of your own wellness. You need to take back your health from the disease-care system |
| T-Man
Entitled title User ID: 78270630  Netherlands12/06/2021 06:06 PM  Report Abusive Post Report Copyright Violation | Just another view. but something i read recently and fits here: But things have changed, and the market would no longer necessarily be deeply disrupted by an unwinding of Tether. More tightly regulated stablecoins have grown immensely in recent years, particularly Circle’s usd coin (USDC, +0.03%), which has ballooned to a $27 billion market cap, nearly half of Tether’s issued volume. A wind down of Tether at this point would be chaotic, in other words, but not crippling. [link to www.coindesk.com (secure)] |
| Anonymous Coward User ID: 79514875 12/06/2021 06:07 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80392297  Switzerland12/06/2021 06:07 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80494445 United States12/06/2021 06:09 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80392297 Switzerland12/06/2021 06:11 PM Report Abusive Post Report Copyright Violation | There is nothing backing up Tether. All along it has been conjured out of thin air. Quoting: Anonymous Coward 80494445 Proof? They have provided much more proof of reserves than you talking out of your ass. No doubt there are some questions as to the quality of their reserves but your statement is 100% bullshit. |
| Vituperate
(OP) User ID: 72715204 United States12/06/2021 06:29 PM Report Abusive Post Report Copyright Violation | You had me until "Mike Adams" the guy lost all cred a long time ago, and even more so digging up the fun vax stuff years and years after its been shot down as the BS it was. Quoting: Fhirinne Actually, Adams was quite positive about cryptos for a long time because he loved the privacy aspect. This weekend was the first time he took on cryptos after some information that he discovered and shares. "Chaos isn't a pit. Chaos is a ladder"--Littlefinger, Game of Thrones “The meaning of life is that it stops.” — Franz Kafka |
| Agent 99
User ID: 77082640 United States12/06/2021 06:34 PM  Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 76034035 United States12/06/2021 06:35 PM Report Abusive Post Report Copyright Violation | |
| Agent 99
User ID: 77082640 United States12/06/2021 06:36 PM Report Abusive Post Report Copyright Violation | Tether's reserves are a question but they are not zero. Quoting: Anonymous Coward 80392297 Crypto is bigger than the US and would survive if Tether failed. The US has failed and now all it has left is to print USD shitcoins until that does not work anymore. Crypto funds terrorism. And the world is sick of terrorism. To kill the terrorists we have to kill crypto. No other way around it. Would be hilarious if black reparations are paid in crypto just before this happens. lol. |
| Agent 99
User ID: 77082640 United States12/06/2021 06:37 PM Report Abusive Post Report Copyright Violation | |
| Agent 99
User ID: 77082640 United States12/06/2021 06:38 PM Report Abusive Post Report Copyright Violation | Just another view. but something i read recently and fits here: Quoting: T-Man But things have changed, and the market would no longer necessarily be deeply disrupted by an unwinding of Tether. More tightly regulated stablecoins have grown immensely in recent years, particularly Circle’s usd coin (USDC, +0.03%), which has ballooned to a $27 billion market cap, nearly half of Tether’s issued volume. A wind down of Tether at this point would be chaotic, in other words, but not crippling. [link to www.coindesk.com (secure)] A reset doesn't use existing shit. It's a fresh start. That's the only way to truly regulate. |
| Anonymous Coward User ID: 77428388 United States12/06/2021 06:40 PM Report Abusive Post Report Copyright Violation | |
| Inevitability
User ID: 79766719 United Kingdom12/06/2021 06:43 PM Report Abusive Post Report Copyright Violation | It's not just a crypto reset that is imminent, it's the whole fiat system. It's going to collapse imminently, by design. (probably by the end of the Shmita year, which is September 2022). My hope is that blockchain systems are still going to be needed in the future, so cryptos would still hold some value, some even say make it might make millionaires overnight if you have the coins/tokens that will survive (not hard to imagine, if hyper inflation occurs). The thing I have heard about Tether which may have massive implications on the crypto markets and the markets in general, is that a LOT of Tethers assets are Evergrande debt!!! China is not bailing out Evergrande, so what happens to Tether? Fatality. Out of Sanity. Sublime Paragon. Transcendent Virtuoso. Marduk the Inimitable. Truth Ranger. Ipso Facto. -------------------------------------------------------------------------------------------------------------------------------------- Truth is like the sun. You can shut it out for a time, but it ain't goin away. -------------------------------------------------------------------------------------------------------------------------------------- You are not entitled to your opinion. You are entitled to your informed opinion. No one is entitled to be ignorant. -------------------------------------------------------------------------------------------------------------------------------------- |
| Anonymous Coward User ID: 81447819 United States12/06/2021 06:49 PM Report Abusive Post Report Copyright Violation | years, I first heard about it in 2017. so don't expect a panic reaction from the revalation, many investors are riding on it. it may finally blow up now but be skeptical as it isn't new news. |
| Anonymous Coward User ID: 74665231 United States12/06/2021 06:57 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80970430  Canada12/06/2021 07:09 PM Report Abusive Post Report Copyright Violation | Tether may have ended up 'investing' in Evergrande bonds, in the last year or two, with some % of the 'reserves' that they actually had. Those bonds have since been ground into the dirt, and if/when Evergrande is officially in liquidation those bonds will plummet further. Maybe that is the truth, maybe that is just the cover story that will be used, but it sounds plausible to me, that a company that has reserves 'slightly less' than they claim would then try to 'get rich quick' in order to make up for that shortfall. And nothing says 'growing rapidly' and 'still cheap' like buying the bonds of what is China's biggest RE developer! |
| Anonymous Coward User ID: 80647809 United States12/06/2021 07:09 PM Report Abusive Post Report Copyright Violation | Tether is supposedly backed one to one by actual US dollars. So where is this $78 billion stash kept? Nobody knows. Yeah, there is supposedly a bank in the Bahamas or somewhere that’s involved — the one claiming reserves of less than $500 million. So where is the $78 billion? I’ll tell you. It’s nowhere. It doesn’t exist. |
| Anonymous Coward User ID: 80549582 United States12/06/2021 07:31 PM Report Abusive Post Report Copyright Violation | Crypto crashes for real when it's time. Players pull their assets, reposition into precious metals and real estate. Crypto elevator cable snaps. Metals zoom, but you don't have much. They do. And they're finally out from under that artificial COMEX short position. Much money is made, by a few. A staggering amount of wealth disappeared when the crypto bubble popped. That pesky money printing has been neatly counterbalanced. Oh, we fixed digital currency to be safe and nontoxic to the planet (energy consumption). Your EBT card has been loaded with it. |
| Anonymous Coward User ID: 79504291 United Kingdom12/06/2021 07:34 PM Report Abusive Post Report Copyright Violation | I don’t know anyone in crypto that isn’t aware. Tether will be the downfall of Bitcoin and others that follow it but not forever. Circle will have the USDC coin made official soon enough. Then comes all the ISO20022 coins. We already know what they are. |
| Anonymous Coward User ID: 81213977 United States12/06/2021 07:37 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80598349 United States12/06/2021 07:39 PM Report Abusive Post Report Copyright Violation | [link to www.brighteon.com (secure)] Quoting: Vituperate If you are invested or thinking of investing in Cryptos...any of them...Please take some time to listen to this Mike Adams update. It is all on cryptos and it is very sobering. There is no way I can do this video justice without writing for an hour. But as an overview Mike plays videos of experts that have uncovered maybe the largest financial fraud in world history, easily dwarfing Madoff or 2008 housing crises. Nothing even close. Tether, the crypto coin that supposedly has a US dollar held in reserve for every Tether 'coin' they manufacture is a complete lie. They have been caught moving hundreds of millions into accounts in order to show how honest they are only to learn that the same money was transferred out the next day. In short, after hearing this frightening explanation of the many elements of a world wide fraud network being orchestrated by the most corrupt financial criminals on the planet today. Many of these charlatans are under investigation or indictment for a huge number of financial crimes and child porn and abuse. To be truthful I love the idea of being able to move money around with privacy and without government involvement. But this crypto system is NOT THE ANSWER as you will quickly realize if you spend at least the first 20-30 minutes listening to the evidence. As a form of my own speculation, I believe that the crash of all cryptos will happen sometime in 2022...maybe early in the year. And I mean final price of $0 across the board. But this crash will be used by the Feds to offer a 'safe and reliable' US-based crypto that will again be monitored by you-know-who and of course taxed to death. Surely you didn't really think the IRS would just ignore a massive money tax dodge, did you? Remember, it doesn't matter whether you are in or out of crypto currencies. A destruction of this financial system would have a worldwide epic financial affect on each person on the planet. I hope I am wrong. I offer no dog in this hunt. I know many GLP members have put hope in crypto currencies and for good reason if it is honest as it was portrayed. But I don't think Adams' information is wrong. If you are crypto invested, please listen and decide what to do. I wish you all well.  |
| The Rickest Rick Sanchez
User ID: 65121889 United States12/06/2021 07:42 PM Report Abusive Post Report Copyright Violation | Guess what else isn't backed by anything? Fiat $ The universe is basically an animal. It grazes on the ordinary. It creates infinite idiots just to eat them. The Rickest Rick Sanchez comments are meant for entertainment purposes only and should not be construed to reflect the feelings and opinions, implied or expressed, of the author. |
| Anonymous Coward User ID: 81432855 Canada12/06/2021 07:45 PM Report Abusive Post Report Copyright Violation | Youre predicting a crash early in 2022, you outrd yourself here because thats when the next bear market is supposed to start so yeah its already expected by literally everyone that will be the case and it will come back just like it has every other time there were ppl like you who know nothing about crypto |
| Anonymous Coward User ID: 79731960 Netherlands12/06/2021 08:01 PM Report Abusive Post Report Copyright Violation | If you’re in crypto and you’re not aware of the Tether scam then you need to do some more homework. Quoting: Anonymous Coward 79504291 I don’t know anyone in crypto that isn’t aware. Tether will be the downfall of Bitcoin and others that follow it but not forever. Circle will have the USDC coin made official soon enough. Then comes all the ISO20022 coins. We already know what they are. I don't have any crypto but here are my thoughts. I don't understand what Tether is for. Why does Bitcoin need Tether? The exchanges obviate the entire point of crypto, which is to be decentralized money. All people should be doing with crypto is buying and selling goods in crypto. The rest is speculation. |
| Fhirinne
User ID: 79463692 United Kingdom12/06/2021 08:15 PM Report Abusive Post Report Copyright Violation | Tether's reserves are a question but they are not zero. Quoting: Anonymous Coward 80392297 Crypto is bigger than the US and would survive if Tether failed. The US has failed and now all it has left is to print USD shitcoins until that does not work anymore. Crypto funds terrorism. And the world is sick of terrorism. To kill the terrorists we have to kill crypto. No other way around it. Would be hilarious if black reparations are paid in crypto just before this happens. lol. Dollar funds terrorism haha! Same as dollar is king of money laundering. You are the CEO of your own wellness. You need to take back your health from the disease-care system |
| Anonymous Coward User ID: 79707904 United States12/06/2021 08:20 PM Report Abusive Post Report Copyright Violation | Crypto crashes for real when it's time. Quoting: Anonymous Coward 80549582 Players pull their assets, reposition into precious metals and real estate. Crypto elevator cable snaps. Metals zoom, but you don't have much. They do. And they're finally out from under that artificial COMEX short position. Much money is made, by a few. A staggering amount of wealth disappeared when the crypto bubble popped. That pesky money printing has been neatly counterbalanced. Oh, we fixed digital currency to be safe and nontoxic to the planet (energy consumption). Your EBT card has been loaded with it. How exactly will metals 'boom' when it's controlled through the futures market? For every ounce of metal, there are a zillion paper contracts laying claim to that same metal. If the markets and economies collapse, metals will collapse as well and will be likely be confiscated as a result. I'll say this. There is no 100% safe haven for any wealth. There is risk in everything. Given the push of AI integration into blockchain, I see crypto as lasting into the foreseeable future. Cryptos like ICP will be the future. It's all part of the plan to have a decentralized digital blockchain information system that houses a global AI to manage it all. And to manage us, every single human. [link to www.youtube.com (secure)] |
| Anonymous Coward User ID: 81075015  Denmark12/06/2021 08:20 PM Report Abusive Post Report Copyright Violation | Truth 1= crypto is not private. In fact it’s the least private of any method of payment out there. It’s all on the public blockchain for anyone to see with a simple click of a mouse. 2=. Crypto is much bigger than the US. IN fact the us is prob the smallest part of it 3=. so tether is backed by nothing? What is the Usd backed by? 4=. Crypto not going anywhere and the us gov can either get on board or get left behind. |
| visitor User ID: 78037273 United States12/06/2021 08:23 PM Report Abusive Post Report Copyright Violation | If you’re in crypto and you’re not aware of the Tether scam then you need to do some more homework. Quoting: Anonymous Coward 79504291 I don’t know anyone in crypto that isn’t aware. Tether will be the downfall of Bitcoin and others that follow it but not forever. Circle will have the USDC coin made official soon enough. Then comes all the ISO20022 coins. We already know what they are. I don't have any crypto but here are my thoughts. I don't understand what Tether is for. Why does Bitcoin need Tether? The exchanges obviate the entire point of crypto, which is to be decentralized money. All people should be doing with crypto is buying and selling goods in crypto. The rest is speculation. Print Tether. Use to buy Bitcoin. Others rush in to buy Bitcoin because of FOMO. Lots of Bitcoin bought with leverage. Bitcoin price goes even higher. Rug pull. Bitcoin crashes. Rinse, repeat. Print more Tether. |
| visitor User ID: 78037273 United States12/06/2021 08:26 PM Report Abusive Post Report Copyright Violation | Tether's reserves are a question but they are not zero. Quoting: Anonymous Coward 80392297 Crypto is bigger than the US and would survive if Tether failed. The US has failed and now all it has left is to print USD shitcoins until that does not work anymore. Crypto funds terrorism. And the world is sick of terrorism. To kill the terrorists we have to kill crypto. No other way around it. Would be hilarious if black reparations are paid in crypto just before this happens. lol. Dollar funds terrorism haha! Same as dollar is king of money laundering. No crypto was used to fund the 79 Billion worth of armaments left behind in Afghanistan for the Taliban to use. |
