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Author Topic: Crypto Guru warns EXIT ALL EXCHANGES NOW as Tethers crash  (Read 297 times)
rasho321
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January 29, 2018, 05:08:46 AM
 #21

WE NEED EVERYBODY TO KNOW THE FOUNDERS OF TETHER AND BITFINEX ARE:

Giancarlo Devasini

AND

Philip Potter



please spread the words. find their pictures, their last residence, their family names, their hobbies, where their kids go to school, and where they hide their money (paradise papers revealed some of them. we need more). Put some pressure into these mafias!!!!

''I can continue to come up with new products, to add value,'' he said. ''I'm not responsible for getting money. Getting it's hard when the market goes down. But there will still be products to sell. It'll just force me to be a little more creative.''
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grinmoure
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January 29, 2018, 05:14:54 AM
 #22

Interesting insight that coins will spike as people leave tether positions.  Will be interesting to see how this falls out.  I don't see the exchange crash scenario though.
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January 29, 2018, 05:21:08 AM
 #23

Stop spreading FUD like these, it might lead into another market crash in cryptoworld and please note, we haven't recovered from the previous crash yet.

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p i e c e
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January 30, 2018, 02:09:34 PM
 #24

https://kryptous.com/the-prophet-warns-exit-all-crypto-exchanges-now/

Cash in banks
Hard Wallets

Exchanges facing crash

Just do not listen to these so-called prophets and invest wisely. Turn your Tether coins into other altcoins and go on. Do not concentrate on bad thoughts — it will not give you profit, which you will get if trade actively using ETH for instance, DASH, Cardano, NEO.
sweetbet
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January 30, 2018, 07:52:10 PM
 #25

U.S. Regulators Subpoena Crypto Exchange Bitfinex, Tether
https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc

djukica666
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January 30, 2018, 07:59:04 PM
 #26

AFAIK old news, but the week hands didn't know that obviously  Grin
azker
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February 01, 2018, 06:27:18 AM
Merited by queenhallmark (1)
 #27

It’s not gonna be the exchanges that are going to crash alone lol, it’ll be most of crypto that will crash together with the fall of USDT
rog1121
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February 03, 2018, 02:08:46 PM
 #28

Really interested to see what will happen. I have been wondering this for awhile.
Nothing much it’ll just be that all USDT key pairs will take a massive hit and anyone who invested in tether will be heavily affected
Copulative
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February 03, 2018, 02:18:22 PM
 #29

It’s not all tethers crashing though? It’s mainly bitfinex’s USDT but there are alternative tethers like Cryptopia’s NDZT which is unrelated
Iamcassian
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February 03, 2018, 02:22:20 PM
 #30

It’s not all tethers crashing though? It’s mainly bitfinex’s USDT but there are alternative tethers like Cryptopia’s NDZT which is unrelated

Cryptopia already made a statement regarding tethers and they're encouraging the public to get out of tether.
AshCoins
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February 03, 2018, 02:41:14 PM
 #31

It’s crazy how ignorant people are about where their money is.  I doubt people will mass sell out of tether into btc because most think it’s really just like being in dollars as they’re too stupid or lazy to research anything.
cryptoheroin
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February 03, 2018, 03:25:50 PM
 #32

https://www.coindesk.com/tether-confirms-relationship-auditor-dissolved/

Tether has apparently dissolved its relationship with Friedman LLC, the accounting firm that produced the not-really-an-audit on Tether back in September. Here is the statement from Tether:

"We confirm that the relationship with Friedman is dissolved.  Given the excruciatingly detailed procedures Friedman was undertaking for the relatively simple balance sheet of Tether, it became clear that an audit would be unattainable in a reasonable time frame. As Tether is the first company in the space to undergo this process and pursue this level of transparency, there is no precedent set to guide the process nor any benchmark against which to measure its success."

No precedent to guide the process? The money is there or it isn't. That's what auditors do.

Incidentally, according to coinmarketcap another 600,000,000 in Tethers just came into existence about four hours ago. Tethers are now listed at $0.99.

In September Friedman sort-of-confirmed that Tether had money in the bank to back the less than $500,000,000 in Tethers then in circulation. More than that just came into existence. There are now about 2.2 billion Tethers.
Thats crazy additional supply of tether came from nowhere,maybe developer's greediness drive them to create additional supply for their own benefit,this is worst than XRP's drama.

to OP dont spread FUDs because it might cause another market panic,you will lose your investments too,sometimes too much reading will lead you to unhealthy websites like what you linked to us,crypto guru?lmao.

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favelle75
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February 03, 2018, 03:36:19 PM
 #33

I was thinking the tether problem for several weeks but i am not sure that the market is going to crash cause of tether.
There are not much people holding tether but exchanges lock down may be a big problem.

_Crypto made easier than cash_

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