Breaking News: Tether , a problem or just FUD...

[glaciercapital]

Even if tether does go up in a ball of flame, exchanges will quickly suss something out in order to maintain their business. If they do not already have pairings for actual dollars they could create their own version of USDT. It is in their interest to have a way of getting into crypto and if they do not quickly adapt that will see other exchanges taking up their market share. I wouldnt be surprised if exchanges that do not offer USD/EUR pairings are working in the background on something that will replace USDT so that they can immediately implement it if tether is confirmed as bust.

Not so sure this will be the case, but anything is possible in the world of crypto.

It could potentially be a slight problem, but this feels like just another excuse for FUD. Why does everyone only suddenly care about this now. No one cared about Tether when btc was hitting all time highs

[TimtheYoutuber]

Even if tether does go up in a ball of flame, exchanges will quickly suss something out in order to maintain their business. If they do not already have pairings for actual dollars they could create their own version of USDT. It is in their interest to have a way of getting into crypto and if they do not quickly adapt that will see other exchanges taking up their market share. I wouldnt be surprised if exchanges that do not offer USD/EUR pairings are working in the background on something that will replace USDT so that they can immediately implement it if tether is confirmed as bust.

Not so sure this will be the case, but anything is possible in the world of crypto.

It could potentially be a slight problem, but this feels like just another excuse for FUD. Why does everyone only suddenly care about this now. No one cared about Tether when btc was hitting all time highs

Maybe because people were unaware of the printed tether, or that tether wasnt printed yet. The problem is that the fiat backing might not be in the reserves, and the fact no one wants to audit them is suspicious.

[elramsy]

This is a big problem, I do not like the way the market is. What are your thoughts?

I don't really see it as a big problem, its just FUD, based on research and analysis, it has always been difficult for bitcoin to survive first quarter of the year, but this year seem worse, the major countries are polling out and bitcoin is going deep, but it will certainly rise back, is just mater of time

[Thadeous]

Some thoughts for those who are able to count 1 + 1 + 1 + 1:
1) problem with Tether, which huge CAP was obvious for previous months;
2) Facebook blocks ads related to crypto;
3) India bans smth in crypto, just hard to imagine what India can ban in crypto...
4) all this happened in the last few days, when crypto market is seriously down.

[TimtheYoutuber]

This is a big problem, I do not like the way the market is. What are your thoughts?

I don't really see it as a big problem, its just FUD, based on research and analysis, it has always been difficult for bitcoin to survive first quarter of the year, but this year seem worse, the major countries are polling out and bitcoin is going deep, but it will certainly rise back, is just mater of time

People throw around FUD like candy in cryptocurrency. I have a hard time thinking people actually know what it means.

[Thadeous]

This is a big problem, I do not like the way the market is. What are your thoughts?

I don't really see it as a big problem, its just FUD, based on research and analysis, it has always been difficult for bitcoin to survive first quarter of the year, but this year seem worse, the major countries are polling out and bitcoin is going deep, but it will certainly rise back, is just mater of time

People throw around FUD like candy in cryptocurrency. I have a hard time thinking people actually know what it means.

What's worse that people spread FUD news extremely fast, generating negative waves in crypto community.
But it's in our hands to resist and reveal such FUDs and rumors.

[ebliever]

This is a big problem, I do not like the way the market is. What are your thoughts?

I don't really see it as a big problem, its just FUD, based on research and analysis, it has always been difficult for bitcoin to survive first quarter of the year, but this year seem worse, the major countries are polling out and bitcoin is going deep, but it will certainly rise back, is just mater of time

People throw around FUD like candy in cryptocurrency. I have a hard time thinking people actually know what it means.

What's worse that people spread FUD news extremely fast, generating negative waves in crypto community.
But it's in our hands to resist and reveal such FUDs and rumors.

It's pretty clear that there has been an organized or semi-organized effort to push tether-FUD to drive the market down. Expect it relent to a large degree as it becomes clear a market bottom has been reached and people are buying back in.

Meanwhile, tether has stayed very close to $1 despite market volatility that has often pushed it much further off in the past. That's a sign that whales and others in the know are not troubled by the FUD and in fact are taking advantage of arbitrage opportunities whenever the price drifts far enough off $1 to be worth the time and bother.

[Paul stuart]

I think there is a real problem with the tether however the timing is certainly a little manipulate

[Searing]

This is a big problem, I do not like the way the market is. What are your thoughts?

I don't really see it as a big problem, its just FUD, based on research and analysis, it has always been difficult for bitcoin to survive first quarter of the year, but this year seem worse, the major countries are polling out and bitcoin is going deep, but it will certainly rise back, is just mater of time

People throw around FUD like candy in cryptocurrency. I have a hard time thinking people actually know what it means.

What's worse that people spread FUD news extremely fast, generating negative waves in crypto community.
But it's in our hands to resist and reveal such FUDs and rumors.

It's pretty clear that there has been an organized or semi-organized effort to push tether-FUD to drive the market down. Expect it relent to a large degree as it becomes clear a market bottom has been reached and people are buying back in.

Meanwhile, tether has stayed very close to $1 despite market volatility that has often pushed it much further off in the past. That's a sign that whales and others in the know are not troubled by the FUD and in fact are taking advantage of arbitrage opportunities whenever the price drifts far enough off $1 to be worth the time and bother.

IF the FUD on tehter WAS STARTED BY TETHER to knock the price of BTC down....so they could buy tether/usd and fill their coffers...from the previous pump in price that tether pushed some itself.....in that they had NOT kept up with 1 tether to 1 usd before ..but after the fact fix that problem with high priced BTC paying for USD to Tether....my questions are:

1) is it illegal? I mean .if the regulators find out it is even/steven after the fact....is that illegal...ie.....hedging on BTC going up on your pumping and then cashing out and covering your

bet buy then getting tether for your 1 to 1 ratio? It is not like crypto has stock market rules on risk/reward games like banks (who played this game before the great recession and likely stil

do)

2) what is to tether from doing this again? How would you tell? Only after the fact with failure would it be obvious

3) I mean if your $$$ to tether games allow for the price to pump by inflating price/volume..why not use it like a water pump and go back to the well again and  again?

[pooya87]

no FUD has ever been a complete lie. that is how the FUD becomes effective! if you just make shit up it won't be effective.

in case of Tether, things are the same. it has always been known that USDT is a messed up altcoin and a lot of people never trusted it at all and most of them only used it for a tiny amount of time just because of its convenience. we all know that the price ($1) is not even guaranteed!

so when you want to spread FUD you choose something that is already messed up. Tether, China, Russia, .... all the FUD sources have always had some problem to begin with.

[traderethereum]

another bad news that will make people become panic and they do a good job to start makes a chaos in the market. personally, I don't think too much about the bad news like that and I only act what I need to do and I believe that every bad news will not stay for a long time and I am sure that everything will be fine again. we need to know their reason to release that news and we need to search on another site so we know what we should do to prevent if the bad things happen.

[QuestionAuthority]

Read this: https://medium.com/@bitfinexed/the-mystery-of-the-bitfinex-tether-bank-and-why-this-is-suspicious-a8a6407a1241

Then this: https://futureblock.io/2017/11/23/paradise-papers-reveal-bitfinexs-giancarlo-devasini-and-philip-potter-established-tether-in-2014/

Then this: https://pastebin.com/kZMM5Hk5

[TimtheYoutuber]

Read this: https://medium.com/@bitfinexed/the-mystery-of-the-bitfinex-tether-bank-and-why-this-is-suspicious-a8a6407a1241

Then this: https://futureblock.io/2017/11/23/paradise-papers-reveal-bitfinexs-giancarlo-devasini-and-philip-potter-established-tether-in-2014/

Then this: https://pastebin.com/kZMM5Hk5

Pretty interesting stuff. I wonder how this all will unravel.

[Searing]

Read this: https://medium.com/@bitfinexed/the-mystery-of-the-bitfinex-tether-bank-and-why-this-is-suspicious-a8a6407a1241

Then this: https://futureblock.io/2017/11/23/paradise-papers-reveal-bitfinexs-giancarlo-devasini-and-philip-potter-established-tether-in-2014/

Then this: https://pastebin.com/kZMM5Hk5

Pretty interesting stuff. I wonder how this all will unravel.

your 'pretty interesting stuff' = 4k BTC coin soon, IMHO. FML.

[QuestionAuthority]

Read this: https://medium.com/@bitfinexed/the-mystery-of-the-bitfinex-tether-bank-and-why-this-is-suspicious-a8a6407a1241

Then this: https://futureblock.io/2017/11/23/paradise-papers-reveal-bitfinexs-giancarlo-devasini-and-philip-potter-established-tether-in-2014/

Then this: https://pastebin.com/kZMM5Hk5

Pretty interesting stuff. I wonder how this all will unravel.

your 'pretty interesting stuff' = 4k BTC coin soon, IMHO. FML.

I remember 5-6 years ago everyone on this forum talked about the fiat fractional reserve banking system as if it was the devil himself. Bitfinex has figured out how to turn bitcoin into a fractional reserve system and everyone fell for it. LOL

[Searing]

Read this: https://medium.com/@bitfinexed/the-mystery-of-the-bitfinex-tether-bank-and-why-this-is-suspicious-a8a6407a1241

Then this: https://futureblock.io/2017/11/23/paradise-papers-reveal-bitfinexs-giancarlo-devasini-and-philip-potter-established-tether-in-2014/

Then this: https://pastebin.com/kZMM5Hk5

Pretty interesting stuff. I wonder how this all will unravel.

your 'pretty interesting stuff' = 4k BTC coin soon, IMHO. FML.

I remember 5-6 years ago everyone on this forum talked about the fiat fractional reserve banking system as if it was the devil himself. Bitfinex has figured out how to turn bitcoin into a fractional reserve system and everyone fell for it. LOL

I resemble that remark...likely if they in hindsight have covered their Tether to USD link..it is likely NOW after the fact ...NOT even illegal.....

also, remember bitmain and BCH games etc made 2.3 billion dollars last year it was announced...a ASIC monopoly is a nice thing to have also....

evil pays it seems (tm bitmain)

[QuestionAuthority]

Read this: https://medium.com/@bitfinexed/the-mystery-of-the-bitfinex-tether-bank-and-why-this-is-suspicious-a8a6407a1241

Then this: https://futureblock.io/2017/11/23/paradise-papers-reveal-bitfinexs-giancarlo-devasini-and-philip-potter-established-tether-in-2014/

Then this: https://pastebin.com/kZMM5Hk5

Pretty interesting stuff. I wonder how this all will unravel.

your 'pretty interesting stuff' = 4k BTC coin soon, IMHO. FML.

I remember 5-6 years ago everyone on this forum talked about the fiat fractional reserve banking system as if it was the devil himself. Bitfinex has figured out how to turn bitcoin into a fractional reserve system and everyone fell for it. LOL

I resemble that remark...likely if they in hindsight have covered their Tether to USD link..it is likely NOW after the fact ...NOT even illegal.....

also, remember bitmain and BCH games etc made 2.3 billion dollars last year it was announced...a ASIC monopoly is a nice thing to have also....

evil pays it seems (tm bitmain)

Yep, you’re right, it does pay. Bitcoin is one of the greatest creations of our time. Blockchain technology will reshape the very core of commerce across the globe.

Unfortunately, bitcoin is also the best lubricant for criminal behavior since the invention of the post office.

[Toden1379]

During my trading days I have never delved in trading to Tether even when the strategy looks pretty solid. But after reading what Tether's about before, I knew something seems fishy. They cannot keep their 1:1 ratio with dollar. That marketcap against the whole crypto cap. Hope anyone don't lose money over this. Tether should make a solid announcement.

[pushups44]

People have been warned about Tether, so if they lose it's on them. It's hard to say with certainty it is a scam but the warnings are loud and clear. That said, if Tether evaporates, it will have a short-term market impact. In the long run, cryptocurrencies don't need Tether. In fact, a replacement with regular audits may emerge.

[audaciousbeing]

When it comes to the argument whether in support of Tether or against it, its fairly straight forward and even an objective discussion. Its simple let bitfinex or anybody backing Tether with the claim that every Tether is worth 1 dollar and the total amount of Tether in circulation, is back by equivalent dollars either in vaults, deposits, transfers, credits etc and all of this goes away without thinking twice or else it will be more than FUD its going to be an outright scam that won't augur well for the entire crypto market.

Not only that, the authority will see this as an avenue to push forward their agenda of labelling crypto scam or a ponzi. This they are good at doing.