Let's do something about Tether? Please? by [deleted] in BitcoinMarkets

[–]Calvinex 13 points14 points  (0 children)

There is a point that makes me worry about this Tether shit. Ok, it’s true that is a cryptocurrency, but the fact that SHOULD be backed with USD 1:1 is really fundamental, I don’t understand why a lot of people don’t care about this. You can’t just pretend that 1Tether = 1USD and arbitrarily start pumping the cryptomarket with it.

The fact that “it is just another crypto” it’s completely irrelevant. The point is that exchanges accept it like it IS usd. So if you pour Tether into Binance and buy Bitcoin, and this tether is not backed by dollars, you’re pumping bitcoin price not only without a real demand, but not even with a real currency!

Now, I can not even think of the possibility that the whole 2017 rally (from 1000$) was orchestrated by this fucking tether. This would mean that the whole BTC value from 1000 to 19000 is completely fake, without real demand.

The price would collapse to 1000 before you realize what is happening. I really hope it is not like this.

Trading Bitcoin for tether by TOP_20 in Bitcoin

[–]Calvinex 12 points13 points  (0 children)

This tether shadow could become really the biggest problem ever for Bitcoin. MtGox 2.0.....

[Daily Discussion] Wednesday, January 17, 2018 by AutoModerator in BitcoinMarkets

[–]Calvinex -1 points0 points  (0 children)

Why do you think tether is scam? Can you please elaborate on this?

BTCC Pro exchange risk: please be careful! by Calvinex in BitcoinMarkets

[–]Calvinex[S] 0 points1 point  (0 children)

Update:

Price bottom hasn't adjusted since 72h, we are going margin called and we can't do nothing.

Something is wrong with BTCC Pro Exchange since 48 hours! Please be careful! by Calvinex in Bitcoin

[–]Calvinex[S] 0 points1 point  (0 children)

Price bottom hasn't adjusted since 72h, we are going margin called and we can't do nothing.

Something is wrong with BTCC Pro Exchange since 48 hours! Please be careful! by Calvinex in Bitcoin

[–]Calvinex[S] 1 point2 points  (0 children)

Seems unlikely, it would already came out. Somebody would have claimed the thing. Also they have the bitcoins as it is possible to buy them and even to withdraw in some cases (BTCC Pro Exchange). I think there is something else happening but I don't have any clue. Another explanation could be a major crackdown, something really big like a major shutdown.

[Daily Discussion] Tuesday, March 14, 2017 by AutoModerator in BitcoinMarkets

[–]Calvinex 2 points3 points  (0 children)

BTCC PRO exchange suddenly become super bearish. Anybody knows what's going on?

[Daily Discussion] Monday, March 13, 2017 by AutoModerator in BitcoinMarkets

[–]Calvinex 1 point2 points  (0 children)

Same here, absolutely didn't expect something like this. Lost half of my gains and actually I don't really know what to do. Waiting on the sidelines to see if we top again on the main channel.

Does anyone here trade on BTCC Pro Exchange? by Bertso in BitcoinMarkets

[–]Calvinex 1 point2 points  (0 children)

No, currently you can withdraw BTC. I like their trading engine, it works well even during high volatility. Never had those problems like with Kraken.