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Realerre
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Activity: 124
Merit: 11
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October 15, 2018, 06:01:08 PM |
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Old news are old
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Icygreen
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Activity: 1463
Merit: 1135
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October 15, 2018, 06:05:25 PM |
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Above 7k and I will have powder in my nose.
Above $7k USD and I might consider having sex again... Depression is really setting in. * BobLawblaw cracks open beer number four You gotta set your sights a little longer. (Beer counting should done in a 28 day cycle)
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Wekkel
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Activity: 3108
Merit: 1531
yes
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October 15, 2018, 06:06:10 PM |
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There have been other groups showing interest in offering cryptcurrency to their customers. For now, it has not resulted in that MEGA pump (if this Tether thing is not to be counted). For now, it looks like that pump has no immediate follow up.
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Torque
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Activity: 3710
Merit: 5286
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October 15, 2018, 06:08:23 PM |
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“We saw that there were certain things institutions needed that only a firm like Fidelity could provide,” Jessop told CNBC, adding that it already works with 13,000 institutional clients. “We’ve got some technology that we’ve repurposed from other parts of Fidelity — we can leverage all of the resources of a big organization."
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Torque
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Activity: 3710
Merit: 5286
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October 15, 2018, 06:11:40 PM |
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Bitfinex and their USDT should be shaking in their boots with Fidelity, Bakkt etc coming on board. The tiddlywinks days of shady exchanges and monopoly money are coming to and end.
Yes but... wouldn't be surprised if in 5-6 years people are cryin' about how Bakkt has become "shady as fuck" too. Wall Street invented shady.
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Last of the V8s
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Activity: 1652
Merit: 4392
Be a bank
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October 15, 2018, 06:17:59 PM |
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S_Therapist
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October 15, 2018, 06:20:52 PM |
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On April 28 2017, USDT was $0.92 and after a couple of days, BTC got huge hype. Today USDT is $0.96 and BTC is also getting strong. Will we see the same? Someone please quote for image.
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goldkingcoiner
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Activity: 2212
Merit: 1959
A Bitcoiner chooses. A slave obeys.
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October 15, 2018, 06:22:02 PM |
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There have been other groups showing interest in offering cryptcurrency to their customers. For now, it has not resulted in that MEGA pump (if this Tether thing is not to be counted). For now, it looks like that pump has no immediate follow up.
I just honestly hope we can grapple for some kind of support or we are scaling down the green candle back to where we were for another week of sideways action
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toknormal
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Activity: 3066
Merit: 1188
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October 15, 2018, 06:25:33 PM |
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The evidence provided to show that Tether is a fraud doesn't stand up to scrutiny. LoL. It doesn't have to. The only thing that has to "stand up to scrutiny" is the integrity of Tether's collateralisation. Feel free to point me in the right direction.
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Last of the V8s
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Activity: 1652
Merit: 4392
Be a bank
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October 15, 2018, 06:30:09 PM |
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or tether knew they were solvent. spread the fud themselves. bought your bitcoins for cheap. dumped on you at the top.
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Last of the V8s
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Activity: 1652
Merit: 4392
Be a bank
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October 15, 2018, 06:30:31 PM |
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Last of the V8s
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Activity: 1652
Merit: 4392
Be a bank
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October 15, 2018, 06:30:49 PM |
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Last of the V8s
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Activity: 1652
Merit: 4392
Be a bank
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October 15, 2018, 06:33:03 PM |
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On April 28 2017, USDT was $0.92 and after a couple of days, BTC got huge hype. Today USDT is $0.96 and BTC is also getting strong. Will we see the same? Someone please quote for image.
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crypmike
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October 15, 2018, 06:34:03 PM |
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I can even imagine if the morning pump was a result of insiders information about Fidelity, not this bullshit about USDT delisting from Binance
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cAPSLOCK
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Activity: 3794
Merit: 5229
Maybe the Mars is the future!
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October 15, 2018, 06:36:04 PM |
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Above 7k and I will have powder in my nose.
Above $7k USD and I might consider having sex again... Depression is really setting in. * BobLawblaw cracks open beer number four You gotta set your sights a little longer. (Beer counting should done in a 28 day cycle) At the end does he have his "beriod"? Is what he's experiencing now just some "BMS"?
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El duderino_
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Activity: 2674
Merit: 13090
BTC + Crossfit, living life.
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October 15, 2018, 06:36:15 PM |
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Above 7k and I will have powder in my nose.
Above $7k USD and I might consider having sex again... Depression is really setting in. * BobLawblaw cracks open beer number four lol Happy its week and 5 straight days of detox, cause last week was way too strong..... my body was Total rekt on sunday, recovery is slower, so NO alcohols on the weekly anymore (only on occasions) When i think a BULL is on the lose, and after 2-3 silly days of midget pumping...... to Then see 1 fat red bar to the Bartpattern starting formation ...... YEAH THOSE DAYS A wodka/gin/white russsia all looks delicious
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jonoiv
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October 15, 2018, 06:45:22 PM |
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4. There are some well researched articles showing that the Bitfinex/USD Tether operation has essentially been responsible for the ENTIRE price rise in bitcoin right from $180 to where we are today
Having said that they do claim to have proven the funds and even if tether is worth 0, it still only accounts for only 2.1% of the total market cap of bitcoin, so appart from the FUD value, it's relitivly meaningless. I don't understand why people continue to make this argument as if it's significant. 2% of bitcoin's marketcap is HUGE and easily enough to control the entire market, since only a tiny proportion bitcoin's supply is ever to be found on orderbooks. The significant ratio is not Tether Marketcap/Bitcoin marketcap but Tether Marketcap/Bitcoin Orderbook size. Anyway, it doesn't matter. Just the fact that there's an arbitrarily controlled counterfeit money supply that requires no backing, is supported by the biggest exchanges, and is created at will by a private entity in the Cayman Islands is easily enough to scam the entire industry and implode the market if and when it goes tits up. Here in fact is the "MT Gox" effect right in front of our faces: Your fear is well founded. But Bitcoin is stronger and more important than Tether. Tether going tits up as you say would have a significant negative impact. But I think it would be less than the impact of Gox in the past. Bitfinex and their USDT should be shaking in their boots with Fidelity, Bakkt etc coming on board. The tiddlywinks days of shady exchanges and monopoly money are coming to and end. With fireworks? Maybe. But it might not matter in the end. The things that are coming will dwarf all this in the end. They don't control 2%, the tether users hold the 2%. like on 22nd April 2017 when tether hit 92 cents, as the volume for bitcoin buys increased and the price went from 1.3k to 20k. What makes you think that the liquidity problems aren't happening on other non-tether exchanges? Not saying it's a good situation, but i am saying people like to feed the fear, especially on this thread.
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HairyMaclairy
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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October 15, 2018, 07:02:42 PM |
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like on 22nd April 2017 when tether hit 92 cents, as the volume for bitcoin buys increased and the price went from 1.3k to 20k
This. A run on Bitfinex could, in theory, push the Bitcoin price on Bitfinex over $40k and break $20k on all other exchanges if Bitfinex didn’t halt trading. I think they would stop trading long before that happened but this shit can get out of control real quick if you aren’t careful.
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