ArjunReddy_ Posted February 23, 2018 Report Share Posted February 23, 2018 Death of Tether would result in $2,000-$3,000 BTC... Tether will not conduct an audit, and probably cannot, ever. Tether/Bitfinex will consequently remain a black box, within which all kinds of nefarious activities could be occurring and — by all accounts — probably are. Sooner or later it will get shut down by the authorities. There will be regulatory consequences to that One of the largest global marketplaces will likely go offline too. Do u guys agree with this ????? Quote Link to comment Share on other sites More sharing options...
TheBrahmabull Posted February 23, 2018 Report Share Posted February 23, 2018 45 minutes ago, ArjunReddy_ said: Death of Tether would result in $2,000-$3,000 BTC... Tether will not conduct an audit, and probably cannot, ever. Tether/Bitfinex will consequently remain a black box, within which all kinds of nefarious activities could be occurring and — by all accounts — probably are. Sooner or later it will get shut down by the authorities. There will be regulatory consequences to that One of the largest global marketplaces will likely go offline too. Do u guys agree with this ????? would you care you explain why tether death would result wiping out almost 3 quarters of current market ? Quote Link to comment Share on other sites More sharing options...
ArjunReddy_ Posted February 23, 2018 Report Share Posted February 23, 2018 1 hour ago, TheBrahmabull said: would you care you explain why tether death would result wiping out almost 3 quarters of current market ? It may effect temporarily . If Btc price manipulated with tether ..we have to see whats the real worth of one btc ...last year same time it was around 1k. Explanation is given below..but i a dobt agree with it completely. Those that are aware of the Bitfinex and Tether scandal often state that Tethers portion of the total crypto market cap is only a drop in the bucket. This statement is true since all 2.3 billion of USDT printed represent about 0.6% of the total crypto market value. This small portion of the crypto ecosystem could not therefore possibly have any impact on asset pricing should it be proven to be a fraud. This thesis does not take into account the trading volume, liquidity, and trading velocity of the USDT supply. Tether is the third most traded cryptocurrency, by volume, making a substantial contribution to trading volumes across all major exchanges. The current money velocity of USDT is around 57. Considering that real USD only has a money velocity of 4.4, it's apparent that USDT is changing hands in the marketplace at a frenetic pace. If Tether disappeared from the marketplace due to a hack or lost its USD peg for various possible reasons, the results could be disastrous. If everyone tried to redeem Tether tokens for real USD, even if that were possible, there would most likely be a liquidity crunch where exchanges would be unable to fill sell orders as the price declines. With Tether now accepted on most major exchanges for a range of cryptocurrencies, “hodlers” and traders face the possibility of losing money in the event of a price crash. Quote Link to comment Share on other sites More sharing options...
TheBrahmabull Posted February 23, 2018 Report Share Posted February 23, 2018 not able to grasp the later part of the article. but if btc was pumped with tether rapid exchanges. then btc we have to go with mean price. that would put btc around 4k. if btc goes 4k, then most of the coins would go to may be negligible satoshis level.. Quote Link to comment Share on other sites More sharing options...
TheBrahmabull Posted February 23, 2018 Report Share Posted February 23, 2018 @Arjun_Reddy so are you aware of any findings about this so called scandal lately ? i don't see any news that is really pointing tether is the reason for btc price hike Quote Link to comment Share on other sites More sharing options...
Pipucbn Posted February 23, 2018 Report Share Posted February 23, 2018 8 hours ago, uttermost said: lol. how obviously wrong can you be? Not as obviously as you are thinking. Quote Link to comment Share on other sites More sharing options...
Raithu_bidda_ Posted February 23, 2018 Report Share Posted February 23, 2018 Tether is safe haven during market crash easy to change to usd and so there will be more volatility Quote Link to comment Share on other sites More sharing options...
Pipucbn Posted February 23, 2018 Report Share Posted February 23, 2018 15 minutes ago, Raithu_bidda_ said: Tether is safe haven during market crash easy to change to usd and so there will be more volatility +111111 Quote Link to comment Share on other sites More sharing options...
TheBrahmabull Posted February 23, 2018 Report Share Posted February 23, 2018 guys look at this guy https://twitter.com/Landm_Marius - seems to be lot of people believing - if what he is saying true , then sell btc now asap. then buy back at sub 7K.. shed some light on this guys.. let everyone know what you think . hope this helps out of bulltraps.. right now it is a bull trap Quote Link to comment Share on other sites More sharing options...
jbunny007 Posted February 23, 2018 Author Report Share Posted February 23, 2018 Any one can access neotracker? Quote Link to comment Share on other sites More sharing options...
jbunny007 Posted February 23, 2018 Author Report Share Posted February 23, 2018 48 minutes ago, TheBrahmabull said: guys look at this guy https://twitter.com/Landm_Marius - seems to be lot of people believing - if what he is saying true , then sell btc now asap. then buy back at sub 7K.. shed some light on this guys.. let everyone know what you think . hope this helps out of bulltraps.. right now it is a bull trap Sold already, waiting for <7K to buy. Quote Link to comment Share on other sites More sharing options...
TheBrahmabull Posted February 23, 2018 Report Share Posted February 23, 2018 2 hours ago, jbunny007 said: Sold already, waiting for <7K to buy. sold your entire portfolio ? Quote Link to comment Share on other sites More sharing options...
pisinari Posted February 23, 2018 Report Share Posted February 23, 2018 2 hours ago, jbunny007 said: Any one can access neotracker? bro can u check ur pm? Quote Link to comment Share on other sites More sharing options...
argadorn Posted February 23, 2018 Report Share Posted February 23, 2018 2 hours ago, jbunny007 said: Sold already, waiting for <7K to buy. looks like its marchhing towardsit ...... Quote Link to comment Share on other sites More sharing options...
Quickgun_murugan Posted February 23, 2018 Report Share Posted February 23, 2018 19 minutes ago, argadorn said: looks like its marchhing towardsit ...... ee weekend 12 k aythadi kaka Quote Link to comment Share on other sites More sharing options...
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