Tether - Unaudited For 6 Years/Rejects Auditor Because...

johnarb said:
You're overthinking it, RedDuke

Cryptos financial systems are paid in cryptos

To you they are magic internet money, to us, they are valuable crypto digital assets

If Bitcoin and Ethereum and Tether goes to $0, won't matter to you or anyone who's not in cryptos

Guess what? Bitcoin is worth over $30K and we can use that value on anything we want on the real world. Other cryptos have a lot of worth as well
More...
You're an ambassador of spin.
 
One more time just to be clear, there is no need to redeem Tether for US $ to get the US $ in your hands

If you want to get your $$$ back in your bank accounts, just sell the Tethers back to US $ on any exchange and wire the $$$ to your bank

The spreads are extremely tight

I see the posts over and over, there's not enough Dollar funds in Bitfinex account. DO NOT WORRY about it. Let the exchanges worry about it

upload_2021-6-21_15-36-49.png
 
Hey, I finally learnt how to pronounce Doge:

"The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, took a jab at Dogecoin (DOGE) last week by referring to the memecoin as a Ponzi scheme, upping his rhetoric against cryptocurrencies.

Kashkari’s comments were in response to a LinkedIn poll by Paul Grewal, the chief legal officer and corporate secretary of Coinbase, who asked his connections about the proper way to pronounce "Doge."

“The right pronunciation is pon-zi,” Kashkari quipped."
 
johnarb said:
One more time just to be clear, there is no need to redeem Tether for US $ to get the US $ in your hands

If you want to get your $$$ back in your bank accounts, just sell the Tethers back to US $ on any exchange and wire the $$$ to your bank

The spreads are extremely tight

I see the posts over and over, there's not enough Dollar funds in Bitfinex account. DO NOT WORRY about it. Let the exchanges worry about it

View attachment 261376
More...

We fully understand that tethers are not needed for redemption if one does not need it. The main point is that it was tethers that pushed cryptos to levels we have seen. Without tethers BTC could be sitting under 1K.
 
johnarb said:
I'm a cryptos believer, an eternal optimist

The only way to invest in something that went from $0 to over $30K and not sell out completely is to have crazy stupid conviction and belief
More...
Myself and others I'm certain enjoy and appreciate your contribution to ET's crypto forum.
Be careful though about conviction, it may not always be 100% correct, it's the blinkers which causes problems. :)
 
I'd consider shorting Tether except for not knowing how long I'd be making interest payments before it went bust.

At this point, how does the hammer even drop on creditors wanting to redeem their Tethers directly?
 
virtusa said:
The moment it would be communicated the value of Tether would be ZERO. It would be an avalanche of sell orders.
And it could infect other crypto's too as people would fear that all crypto's are fake.
More...

So you would sell crypto for worthless Tether?

IMO all the tethers would go into the market and prop it up.

Maybe crash on news but then up.
 
You must log in or register to reply here.
Back
Top