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bets their **

Nobody bust her life savings on tether you blabbering idiot

zero recent evidence for this claim, only a 2017 Bloomberg article. Do better.

Yes its called Tether. Tether actually holds more gold in its reserves than bitcoin lol. You are just making shit up at this point

All I see is people fighting the market here and acting like they know more than the market has shown for 15 years. Good luck boys.

what is the fee on lightening? I just paid less than 1 cent to send my friend $70

This is where ya lose me. Comparing the best investment in history to a lottery ticket just sounds dumb and bitter. And what do you mean about "cherry picking returns?" Here is a tip .... just use all of bitcoin's history and the returns are fantastic. No cherry picking needed. IF you want to...

Literally everybody knew this would happen. Also making payments on the base layer is dumb and nearly nobody will do it , it would be like using fed wire to pay for a coffee. on the positive , this solves bitcoins long term security concerns (aka once the block reward goes away and the fee is...

I do get the skepticism but I would just say be real with yourself you were saying the same thing about bitcoin at $5000 and at $10,000 and now it’s at $65,000 and you were still saying the same thing. Maybe you need to rethink.

You are obviously in your feeling about the politics

yawn. Nobody buys and holds tether it’s just a stable coin used between crypto transactions. But go ahead and keep letting your doubt stop you from bitcoins historically great returns. You are really killing it.

Here is their balance sheet https://tether.to/en/transparency/#reports

you are completely clueless. Tether never said they are backed by dollars. They are backed by assets. Being able to sell the assets to produce dollars if somebody redeems is different than actually holding dollars. Think about it like a bank, when you have a bank deposit they don’t just hold...

This is 100% wrong. Maybe just do a little googling before you talk about what you heard. The vast majority of tether is back by treasury bills, and other short term obligations like money market funds. This can actually be seen on their website if you just go and look. The amount of bitcoin...

completely wrong. Tether and other stables are not backed by just Fiat aka cash. They are backed by assets like treasury bills, and other assets

Think about it. If you have 90% t bills and 10% bitcoin (these aren’t the real numbers) to back a stable coin, as long as over 90% of the outstanding stable does not redeem you wouldn’t have to touch the bitcoin It is my understanding that tethers bitcoin holding are in excess of liabilities...

I'll also add that Tether bought 8,900 bitcoin in Q1. They now hold 75,354 bitcoins worth about $5.2 billion at BTC's current price of $69,000, putting Tether's profit at roughly $3 billion! Nice

Wow. @RedDuke to your credit you always said the ONLY thing that would change your mind was an audit. Is this good enough for you?

bitcoin is the only thing definitly not in a bubble

Dude you ever hear the saying “bull markets climb a wall of worry?” The trend is up just be long.