Where were the 2 of you when I needed to be defended from being accused of creating FUD on tether hehehe. It also appears some of those people who are on the side of tether are telling me that tether is shady, however, its takedown will not start another bear market. How can this be? It might begin a complete government crackdown on everything in the cryptospace.

What is the threat of bitcoin and private cryptocoins on the present state of affairs in banking? I reckon illegal payments, money laundering and tax evasion. The government and the banks do not want to give the people of such power to overstep the law. They also do not want competition on their money laundering schemes and other financial schemes hehehe.

This is why I think the ICO as an idea is very important. Also, Defi as an idea is important. However, the projects we have at present are making it appear that the idea is a scam.

@GreekCoiner. I agree and disagree. Yes he is only seeking for some attention to promote Tron, however, he also really bought those stocks he mentioned. But it appears he was the person who was scammed by Wallstreetbets hehehe.





Source https://twitter.com/justinsuntron/status/1356267102689140737?s=21

It appears you are correct. The planned pump never occured on the time and date they announced. The worst is XRP was dumped on the followers. It was only a scam. Wallstreetbets has never liked the cryptospace. Why would they pump cryptocoins?

He looks strangely similar to the character villain the Kingpin in the Marvel comic books. Maybe he was hired for this role because of this kingpin banker look hehehe.

@mindrust. No, I agree with much of your arguments. We might agree on many things about tether, I reckon hehe. Go to my big short thread in the speculation subforum. I tried arguing every speculation of what might occur based on facts, however, some people call it FUD. I am shaking my head, why?

Agreed. I also read the article as a moderately positive one for bitcoin, however, without the author showing where his bias was. I would speculate that Billy wants to witness a short squeeze on bitcoin hehe.

We do not have to pretend this is not manipulation because it certainly and clearly is manipulation. There is an XRP pump group formed in Telegram with presently 200,000 members that will begin the pump later.

https://t.me/pumpxrp

However, if he had begun buying bitcoin and holds many, I reckon he would be telling everyone a different story. This will happen to everyone. The rich, the poor and also Michael Saylor hehehe.

Michael Saylor from 2013 on bitcoin.

What has changed? I also noticed that no one from bitcoin news media have been covering much of Tether indepth. Some bitcoin influencers also appear to have changed their statements on Tether. They might be having a difficult time to call out Tether’s shadiness because they know bitcoin might not pump without it.





This is the dumb tether article.

https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3

Hehehe he is only speaking to let his masters hear that the BIS and all the institutions that are connected below and with it will not become irrelevant. The invention of bitcoin is a clear sign that there will be unpleasant times for the banking sector.

I reckon much of us are misinformed on this story behind GME. The mainstream media always creates exciting storyboards for more clicks hehe. The real story is this pump was started by Michael Burry. It only begun a domino effect from there.



Burry's hedge fund Scion Asset Management spent nearly $15 million to purchase 5.3% of ailing video game retailer GameStop at between $2 and $4.2 a share. According to Forbes, Burry's play was to convince GameStop to use its cash to buy back stock – thereby retiring about half of its shares outstanding.

Burry, who was dramatized by Christian Bale in "The Big Short", called for GameStop to exhaust its $300 million buyback authorization in a sharply worded letter to its board of directors. The company's entire market cap at the time of his letter was just $300 million. Burry's play reportedly sparked one of the most out-of-control trades in financial history, resulting in billions of dollars in paper profits for some investors – including quite a few amateur speculators. In turn, this caused billions in losses for some of the world's biggest hedge funds.

Source https://meaww.com/michael-burry-game-stop-scion-hedge-fund-honcho-minted-millions-2008-crisis-again-covid-19-pandemic

https://fintel.io/so/us/gme/scion-asset-management-llc

@Betwrong, @mindtrust. I am reading through your posts. I might be mistaken, however, it appears that you are contradicting yourselves.

Similar, to some premined altcoins, 78% of the bitcoin in circulation has become illiquid. They are only held in wallets as speculative investments waiting to be sold at higher prices. There are presently only 4.2 million coins that are traded daily.

It will not take that much to pump the price to $100k or dump this to $10k.

Also, on Tether if taken down, bitcoin might pump in the beginning, however, will everyone really want to sell their bitcoins for worthless, taken down USDT? There will be a liquidity shock. All bitcoins might not have enough buyers for the sellers.

I disagree. It would take less than that, I reckon. I would argue that the top 20 exchanges can coordinate a pump that might reach $400k by themselves. You see only 22% of bitcoins are presently in circulation. This is only 4.2 million coins.

Also, it might not take great effort for a market collapse if the largest holders decided to dump their coins.



That means that around 78% of the circulating Bitcoin supply is considered illiquid.

Only 4.2 million BTC (22%) are currently in constant circulation and available for buying and selling.

Source https://insights.glassnode.com/bitcoin-liquid-supply/

Agreed. Also the assets under these bitcoin trusts are not redeemable not similar to the real ETFs. All the billions invested in them would strictly be locked up. It would certainly be better for institutions to buy bitcoins for themselves.

@Sithara007. I reckon for the legitimate companies that issued stablecoins with the proper licenses per state in America, it will be hard without an order from the courts. For Tether, it might occur anytime. They are not regulated and do not have the proper licenses.



Tether isn’t regulated by FinCEN. Rather, it is registered with FinCEN. These two R words are quite different. When an institution is registered with FinCEN, this means FinCEN has provided it with an electronic account for uploading suspicious transaction reports (SARs) and $10,000 cash transaction reports (CTRs). As per FinCEN requirements, a registered entity must also implement measures for collecting and verifying the identity of customers.

While it is commendable that Tether has chosen to register itself with FinCEN, collect customer information and regularly file SARs, there’s nothing special about this status.

PayPal, which I mentioned above, is regulated as a money services business in over 50 different U.S. states. Circle and Coinbase, which together issue the second-largest stablecoin, USD coin, have are licensed multiple state financial services departments.

Source https://www.coindesk.com/what-tether-means-when-it-says-its-regulated

@ralle14. I think after 2 weeks of rest the Chiefs might not only cover the spread but also win by more than a 10 point lead. The Chiefs are playing for history to be included in a list of teams to win back to back superbowls. They also have the best record in the regular season.

Should it not be -6.5 or a full touchdown? However, it might move to -3 when thousands of fans begin betting their money on the goat Tom Brady hehe.

@Hueristic. I speculate Las Vegas Raiders. They wanted an old star quarterback last year hehehe. They might try again.

I am not telling everyone that Tether, iFinex, Digiifinex and Bitfinex’s take down is a sure thing, however, their takedown if it were to occur might cause the cryptospace’s version of the big short and another long bear market. That is the speculation.

He might know how to use and might be owning bitcoin already, I reckon. Adesanya is also a nerd similar to many of us in the forum hehe. He likes to collect comic books and loves the anime Naruto.