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.
Topic: Crypto Guru warns EXIT ALL EXCHANGES NOW as Tethers crash (Read 432 times)
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.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.
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.
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.
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.
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
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
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
AFAIK old news, but the week hands didn't know that obviously 
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
https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc
https://kryptous.com/the-prophet-warns-exit-all-crypto-exchanges-now/
Cash in banks
Hard Wallets
Exchanges facing crash
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.
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.
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.
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!!!!
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.''
Wow, I can't believe I just clicked that AIDS stricken link. Now I fear my computer is infected and have to use an antivirus software to scan it. I use a Mac, and yes, I am that scared.
Click at that link at your own risk. I mean look at all the sockpuppets in here. It's a new breed of sockpuppet. I think they're born in Asia. Lol.
Click at that link at your own risk. I mean look at all the sockpuppets in here. It's a new breed of sockpuppet. I think they're born in Asia. Lol.
This site has more ads
Don't read the info
Keep your crap coins on exchanges
When the exchanges fall like dominoes over tether being a scam, your coins go up in vapor
The exchanges are set for a mass exit
Those who stay in them lose
Just like people ignored mt gox warnings
The exchanges are unregulated slot machines and the game is over
Well , Tether is a problem and we know it . But it was a problem a months and even a years ago . So what ? In case if audit will show tether abuse - bitfinex will be a bankrupt and it will trigger another crypto market dump , but I don't think all exchages will suffer as much as bitfinex
that's correct. the only sustainable investment as of now is physical gold. stock market also has this kind of issue. they will crash soon along with crypto investment. damn, we are about to hit hard by another global crisis. it'll be uglier this time
Tether could be the cause of a great fall. There are a lot of facts that USDT plays a very dirty game. If it explodes it will be much worse consequences than Mt Gox failure...
Tether/Bitfinex founder is Giancarlo Devasini. this italian mafioso will pay if crypto price goes down because of tether manipulation
The problem with USD T is all the foreign exchanges use the monopoly money
Bitfinex is a joke and USD Tethers a scam
So investors might finally exit the crap exchange and crash it
But the ripple effect could crash the whole exchange house of cards
https://mobile.nytimes.com/2017/11/21/technology/bitcoin-bitfinex-tether.html?referer=http://www.google.com/
Look at all the bullshit hacks bitfinex had now u got hacks of USD Tethers
Yet investors keep dumping coins and fiat into that crap exchange
all these exchanges melted down beginning of year everyone of them had no new customer signs up as new investors flowed in
Once the great Exodus hits they all crash
They can't handle volume ins or outs
The whole crypto market is one big powder keg waiting to blow up.
They'll be $3billiion tether any day now
Then $5billion
Then $10bilion
Eventually it crashes, wipes out bitfinex then the ripple wipes out Asia and then Europe and finally USA exchanges
They all have liquidity issues if coins crash and people want fiat exits
Crypto 2.0 exchanges will have no fiat and no Bitcoin valuations
Growing pains for crypto overall
Wow, I can't believe I just clicked that AIDS stricken link. Now I fear my computer is infected and have to use an antivirus software to scan it. I use a Mac, and yes, I am that scared.
Click at that link at your own risk. I mean look at all the sockpuppets in here. It's a new breed of sockpuppet. I think they're born in Asia. Lol.
Click at that link at your own risk. I mean look at all the sockpuppets in here. It's a new breed of sockpuppet. I think they're born in Asia. Lol.
This site has more ads
Don't read the info
Keep your crap coins on exchanges
When the exchanges fall like dominoes over tether being a scam, your coins go up in vapor
The exchanges are set for a mass exit
Those who stay in them lose
Just like people ignored mt gox warnings
The exchanges are unregulated slot machines and the game is over
I have long said that you should not use USDT, because it all comes from bankers who are trying to buy all the cryptomir, yet this Tether project is very strange and not transparent, never used it and will not. because there is a high probability that the tether project may not have the money that it claims
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