Too many holes and assumptions in this conspiracy theory. There are 12 other reasons why Bitcoin could go to 0.
Also, how would this crash the price by 90%? How does one exchange influence everything? Why should the entire price increase be attributed to a single exchange? No answers, just fud.
Topic: Worst case scenario: Bitfinex/Tether hypothesis - page 2. (Read 401 times)
Well, lots of extremely certain figures there with exceedingly precise calculations. In reality it's a chaotic free for all and no one knows what would happen. GDAX and Korea have unquestionably been the leaders in this final epic run up. Bitfinex was consistently lagging or doing its own thing.
Confidence would no doubt take a vast knock if any of this was true, but by the far the more likely risk is the US government nailing them to the wall for coming up with a blatant hack of normal regulations. Personally I think all of the dollars are real but the bank holding them has no idea what their purpose is and Ifinex isn't telling them either.
Confidence would no doubt take a vast knock if any of this was true, but by the far the more likely risk is the US government nailing them to the wall for coming up with a blatant hack of normal regulations. Personally I think all of the dollars are real but the bank holding them has no idea what their purpose is and Ifinex isn't telling them either.
I didn't want to make this post since I am exposed in certain related assets but it's important public information incase it turns out that it's true:
https://medium.com/@bitfinexed/the-bitfinex-dilemma-blow-up-now-or-try-a-hail-mary-to-retain-in-business-10b9d989359f
People should make their own conclusions based on this potential critical showstopper, but they deserve to know.
If there is a problem we are looking at 90% correction since a manipulated market starting april would have to be rolled back to prices at the time. After this rollback everything should normalize at around 50% quarterly growth based on april prices which puts us at -80% after initial correction based on todays btc/eth valuation of 630/13000.
all forward looking predictions should also be sliced by 1/5 founded on the discrepancy of this years invalid price increase: 100k becomes 20k and so forth.
correction onset 6 days ago coincides with this post:
https://www.reddit.com/r/Tether/comments/7khga8/1_month_later_still_cannot_withdraw_from_tetherto/
https://medium.com/@bitfinexed/the-bitfinex-dilemma-blow-up-now-or-try-a-hail-mary-to-retain-in-business-10b9d989359f
People should make their own conclusions based on this potential critical showstopper, but they deserve to know.
If there is a problem we are looking at 90% correction since a manipulated market starting april would have to be rolled back to prices at the time. After this rollback everything should normalize at around 50% quarterly growth based on april prices which puts us at -80% after initial correction based on todays btc/eth valuation of 630/13000.
all forward looking predictions should also be sliced by 1/5 founded on the discrepancy of this years invalid price increase: 100k becomes 20k and so forth.
correction onset 6 days ago coincides with this post:
https://www.reddit.com/r/Tether/comments/7khga8/1_month_later_still_cannot_withdraw_from_tetherto/
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