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