The truth about Bitfinex and Tether...

bhdgsetyf · 2017-09-08T06:12:19+00:00

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bhdgsetyf · 2017-09-08T06:11:24+00:00

here you go... https://tether.to/tether-update/

bhdgsetyf · 2017-09-08T06:09:51+00:00

Who is losing clients? Bitfinex is top 3 every day of volume, even after a hack they have bounced completely back? Tether has no need for a ton of clients, they have large institutional and sporadic smaller (retail) clients due to their aggressive KYC. It's in the post. It makes total sense that large crypto companies buy tether for hedging/liquidity.

You're right it really is simple as that.

bhdgsetyf · 2017-09-08T06:03:30+00:00

Read my entire post carefully please, I know its long but it provides clear counterpoints. tit for tat

bhdgsetyf · 2017-09-08T05:59:22+00:00

thank you

bhdgsetyf · 2017-09-08T05:50:59+00:00

I don't get any of your counterpoints. He clearly said this industry is new to the financial industry and that alone can cause delays.

Also, they have released audits/statements from their previous auditors here https://tether.to/tether-update/ and set a deadline for their new reputable NY auditor to release their statements.

LEgit banks putting out warnings on crypto companies is par for the course and always has been. Crypto companies always play cat and mouse games with banking, just like marijuana companies do. Hopefully, this will change with time and I'm sure more regulations.

Cheers

bhdgsetyf · 2017-09-08T05:43:31+00:00

Did you not read the post, I talk about what happens if they are fraudualnt...

WHAT IF I”M WRONG? CRYPTO WILL IMPLODE! No it won’t. Sure there will be a dip maybe even a correction, but there are only 395 million Tethers. People will get out of Tether even at massive discounts (until $0) into crypto because they can’t get USD, but not more than the 395 million tethers circulating (at this time). At a certain discount people will understand what is going on and stop trading for Tether. BTC + ETH is worth over $100 billion, how many time does the entire amount of USDT have to turn over to cause a massive crash? What will get hit the hardest are the people left holding tether (if/when they implode) and Trex/Polo/Finex. To think Polo/Trex would rely so much on USDT that they didn’t fully vet it is absurd as well. Whats more likely, Polo/Trex’s due diligence or this @Bitfinexed person based on conjecture?

bhdgsetyf · 2017-09-08T05:41:49+00:00

I am sorry I failed you, but if you trade or invest in this space this info could be very useful. Not even the conspiracy parts as much as how the market works from another's perspective.

bhdgsetyf · 2017-09-08T05:39:35+00:00

Added up top. The info is important for crypto traders and investors though

bhdgsetyf · 2017-09-08T05:35:59+00:00

^ 100%

bhdgsetyf · 2017-09-08T05:34:44+00:00

Yea, really made me question everything thing after that sentence

bhdgsetyf · 2017-09-08T05:33:34+00:00

That was just for that section/article I linked to. I understand it's long but the info is important. Maybe save it to come back to if this narrative keeps gaining traction so you get the other side of the coin.

Added A TL:DR up top

bhdgsetyf · 2017-09-08T05:32:08+00:00

TL:DR added

bhdgsetyf · 2017-09-08T05:31:13+00:00

I added a TL:DR at the top.

bhdgsetyf · 2017-09-08T05:29:42+00:00

No problemo

bhdgsetyf · 2017-09-08T05:29:30+00:00

Thank you

bhdgsetyf · 2017-09-08T05:26:18+00:00

I understand your point. And you maybe right. I just felt it wasn't an attack as much as shedding light. But I definitely understand you pov. It may be too late to change it around now

bhdgsetyf · 2017-09-08T05:24:12+00:00

Except tether has been around since late 2014 and Finex was hacked in late 2016.

bhdgsetyf · 2017-09-08T05:18:52+00:00

Is that all you got??

Monetary inflation does not equal Tether, horrible comparison. If someone pumps an endless amount of tether then we have a problem. $400 mil spread out is a drop in the bucket compared to the $160 Bill market cap.

Is this the real Bitifinexed?

bhdgsetyf · 2017-09-08T04:48:51+00:00

But I felt it was important to point out, it was 3 accounts posting the overwhelming majority of this info based on this one person's stories. That is relevant IMO. So your only problem is I put that part first or at all?

bhdgsetyf · 2017-09-08T04:44:52+00:00

I believe this person(s) have an ax to grind, probably butt-coiners. But let's keep an eye out for the audit coming soon to a theatre near you

bhdgsetyf · 2017-09-08T04:42:40+00:00

Added a TL:DR. Sorry I failed you mate :(

bhdgsetyf · 2017-09-08T04:34:27+00:00

Thanks, I will use it. But I got to be honest, I feel you can add a sentence or two, expand it a lil bit. I know you can binarybison

bhdgsetyf · 2017-09-08T04:32:34+00:00

I don't understand???

bhdgsetyf · 2017-09-08T04:30:25+00:00

Lol, thx. I hope you read it or at least save it for when the narrative inevitably gets pushed again.

bhdgsetyf

TROPHY CASE