Bitcoin Forum

Tether guys are supposed to have $2.5 billion in their bank.  What do you want to bet they don't actually have the money? 

If you hold Tether today, you are fucking crazy.  One day soon - there will be ZERO buyers of Tether.  Exchanges will delist Tether without notice and the run will be on.  You won't be able to switch back to Bitcoin fast enough.  The run on the back is going to be lightning quick. 

Should happen any moment now.  People gonna get fucked up and rekt when this happens. 

You've had your warning.  When it all goes bad, don't say 'I didn't realize this would happen'.  Writing has been on the wall for a while now.  Tether holders will get a very bad bloody nose soon.

Thank you very much, this is very useful news. And I just wanted to invest in this coin. Now I will not.

the news you are circulating really helps the crowd, is this news true?
let me ask for this real news link

maybe this news is true, i just read here https://cointelegraph.com/news/research-tether-bitfinex-manipulation-reason-behind-2017-bitcoin-price-highs
Theter is used for the manipulation of bitcoin and other cryptocurrency prices, so beware the holders of theter.

It is all true.  If you hold Tether, you are soon going to be very sorry.  

It will be a lightning fast crash once people start to quit Tether because Bitfinex won't be buying back the tokens because they have no money in the vault like the said they did.

This will be the quickest run on the bank in all of history.  All exchanges will block Tether in less than 60 minutes once the liquidity at the BTC side of the market goes away.  

When price hits 1.02 - you know it has all started.  Maybe 1.03.  I am very surprised they haven't been arrested for fraud already.  Clearly is is a fucking lie that $2.5Billion are backed funds.

How fucking stupid is the bitcoin community?

Once Tether crashes and the markets are flushed from that, then the Bitcoin price (and alts prices too) will rise again.  But not until. 

UGH! I was about to get this coin sometimes when i have enough $$$, but thanks. maybe i will reconsider.

Yeah, tether is very risky, as are the exchanges that hold it.

When you buy tether you become a credor tô that Company, which promises to pay you back 1 usd for each tether you own.

Although bitfinex and tether share he same CEO, and they have a lot of money, it's very risky.

Take a look at tether rich list,

https://wallet.tether.to/richlist

You will see that some exchanges are the biggest credors of tether. If tether has a problem, well, these exchanges are fucked up as people who have money there.

I highly recommend you do not leave your savings on those exchanges

I wrote about this here
https://bitcointalk.org/index.php?topic=3202211.msg33233707#msg33233707

I was hoping everyone would frantically trade their tether for Bitcoin. That way we could have another mini-rally  ;), looks like this may not be the case though...



This post hasn't aged incredibly well... It looks like its true, tether is backed 1:1. https://www.bloomberg.com/news/articles/2018-06-20/tether-hired-former-fbi-director-s-law-firm-to-vet-finances . So I guess you can relax a bit, I can hear the Cryptocommunity collectively sigh in relief.



What? Buy some of what coin? Tether? Why on earth would you want to buy or even hold tether? Tether is a coin that is essentially the US dollar in cryptocurrency form. The price per coin is pegged to the dollar, meaning 1 tether = 1 dollar. It's called a Stable coin. When you get tether you are technically selling whatever crypto you trade for it. Now if you meant you were trying to get some Bitcoin instead of tether, then I agree and highly encourage you to!

Tether was welcomed with joy by everyone while prices were rising in the past year. It was obvious that nothing good happened. But it still did not make a mark. I hope there is a different method without causing great problems.

Yeah keep saving your fiat and when you have enough buy tether.......... seems like a rags to riches plan for sure.