bitcoin - page 2. | Bitcointalksearch.org

Slark

legendary

Activity: 1862

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Quote from: Prophet_Of_God on April 29, 2017, 05:45:42 AM

There's a lot of people currently living in mansions earning millions for doing nothing. They're all insolvent. It's not going to end well.

That is correct, but that is unavoidable, if you collected large capital somehow you are in a state when you don't need to work anymore.
Your financial benefits will accrue from reinvesting itself. This ugly truth is still more visible in fiat money ecosystem.

So what are you suggesting Op? Boycott all exchanges? Not the best or wisest idea IMO.

Nagadota

hero member

Activity: 574

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ClaimWithMe - the most paying faucet of all times!

Quote from: BrewMaster on April 29, 2017, 11:56:25 AM

Quote from: Haladay on April 29, 2017, 09:53:59 AM

Quote from: cellard on April 29, 2017, 09:52:29 AM

The USDT thing is making me extremely worried about Poloniex. Poloniex is pretty much the only place to do altcoin trading with decent volume, if Poloniex crashes it's going to be bad. Im withdrawing all of my coins from Poloniex for the time being, until the USDT situation is resolved. I like trading and having some liquidity in exchanges (I understand the risk) to take advatange of quick market moves but this is making me too nervous to have single satoshi there.

In their offical web page, the tether says 1 USDT is always equal to 1 USD and this does not change. Yet, we see that they actually lied to us!

are you sure about this because i have never seen anywhere on their site saying this, also they assure you that they don't guarantee any exchange to fiat.

Quote from: tether.to

Every tether is always backed 1-to-1, by traditional currency held in our reserves. So 1 USD₮ is always equivalent to 1 USD.

They don't guarantee exchange to fiat - which is why Tether dollars are so suspicious - but they do say on the website that 1 USDT is always equivalent to 1 dollar, and they even have a transparency page where they talk about their US dollar reserves.

CyberKuro

hero member

Activity: 798

Merit: 506

Quote from: Prophet_Of_God on April 29, 2017, 05:45:42 AM

Quote

Shell Game
https://en.wikipedia.org/wiki/Shell_game
The shell game (also known as thimblerig, three shells and a pea, the old army game) is portrayed as a gambling game, but in reality, when a wager for money is made, it is almost always a confidence trick used to perpetrate fraud. In confidence trick slang, this swindle is referred to as a short-con because it is quick and easy to pull off.

https://pbs.twimg.com/media/C-e16GsXkAAmAcR.jpg
https://pbs.twimg.com/media/C-NS6HSWAAAJHZU.jpg
There's a lot of people currently living in mansions earning millions for doing nothing. They're all insolvent. It's not going to end well.

It doesn't take a prophet to see that it's only a matter of time before all these exchanges collapse. Shocked

Now is your last chance to withdraw your coins and savings. Shocked

Don't say I didn't warn you. Shocked

The lord has spoken. Shocked

Not all of exchanges as there are a lot of reputable which has been around for years, what you've mentioned was the new one maybe.
I trust local exchanges in my country, people behind who founded and support this exchange are famous and trusted people, that's why people believe and trade on their site. Furthermore, exchanges has make great amount of profit from traders which we know as withdrawal fees. But, you are right, better not to save coins and money inside for a long time.

Iranus

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Activity: 1792

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Leading Crypto Sports Betting & Casino Platform

There are enough stable exchanges. Bitfinex, Chinese exchanges and arguably BTC-E don't represent all exchanges, you can just go to Bitstamp, Coinbase or Kraken where you can deposit and withdraw Bitcoin and fiat quickly and freely.

USDT is crap but it doesn't apply to everything.

BrewMaster

legendary

Activity: 2114

Merit: 1293

There is trouble abrewing

Quote from: Haladay on April 29, 2017, 09:53:59 AM

Quote from: cellard on April 29, 2017, 09:52:29 AM

The USDT thing is making me extremely worried about Poloniex. Poloniex is pretty much the only place to do altcoin trading with decent volume, if Poloniex crashes it's going to be bad. Im withdrawing all of my coins from Poloniex for the time being, until the USDT situation is resolved. I like trading and having some liquidity in exchanges (I understand the risk) to take advatange of quick market moves but this is making me too nervous to have single satoshi there.

In their offical web page, the tether says 1 USDT is always equal to 1 USD and this does not change. Yet, we see that they actually lied to us!

are you sure about this because i have never seen anywhere on their site saying this, also they assure you that they don't guarantee any exchange to fiat.

Haladay

sr. member

Activity: 476

Merit: 250

Quote from: cellard on April 29, 2017, 09:52:29 AM

The USDT thing is making me extremely worried about Poloniex. Poloniex is pretty much the only place to do altcoin trading with decent volume, if Poloniex crashes it's going to be bad. Im withdrawing all of my coins from Poloniex for the time being, until the USDT situation is resolved. I like trading and having some liquidity in exchanges (I understand the risk) to take advatange of quick market moves but this is making me too nervous to have single satoshi there.

In their offical web page, the tether says 1 USDT is always equal to 1 USD and this does not change. Yet, we see that they actually lied to us!

cellard

legendary

Activity: 1372

Merit: 1252

The USDT thing is making me extremely worried about Poloniex. Poloniex is pretty much the only place to do altcoin trading with decent volume, if Poloniex crashes it's going to be bad. Im withdrawing all of my coins from Poloniex for the time being, until the USDT situation is resolved. I like trading and having some liquidity in exchanges (I understand the risk) to take advatange of quick market moves but this is making me too nervous to have single satoshi there.

Prophet_Of_God

newbie

Activity: 8

Merit: 0

bitcoin

Topic: bitcoin - page 2. (Read 1924 times)