The Big Tether Short

Tokenz said:
They've already been investigated. Why don't you ask the FBI or the attorney general why they haven't made an arrest yet? Can't always believe everything you read on the internet man...
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And found guilty of lying, have you even read the report????
 
RedDuke said:
And found guilty of lying, have you even read the report????
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They weren't lying, technically their funds are backed by over 100% dollar value, they just didn't have the funds in a bank. No different than someone's net worth.

Like lets say your net worth is 1000 dollars. You have a car thats worth 400 and savings in the bank worth 600. Just because you don't have 1000 dollars on you at all times doesn't mean that your net worth is less than 1000 dollars. It means that all your assets put together equals 1000. That's how value is calculated.

Same principle applies to Tether.
 
Tokenz said:
They weren't lying, technically their funds are backed by over 100% dollar value, they just didn't have the funds in a bank. No different than someone's net worth.

Like lets say your net worth is 1000 dollars. You have a car thats worth 400 and savings in the bank worth 600. Just because you don't have 1000 dollars on you at all times doesn't mean that your net worth is less than 1000 dollars. It means that all your assets put together equals 1000. That's how value is calculated.

Same principle applies to Tether.
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In theory, in reality it is most likely backed by shit. They for years lied to have 1:1 USD to USDT, then they finally acknowledged that this was a lie. Fool me once shame on you, fool me twice.....
 
RedDuke said:
I have skin in the game and own Ether. Planning to buy more if it drops below 2K.

you do not short something that can be created out of thin air with no limits.
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Sounds like your long, you know Tether's support ETH too, yes?
Maybe you should talk up your book instead of down.
 
Tokenz said:
Did you just say something?

All of your Tether postings is now poo poo, and that's the smartest thing you could come up with? Game over bud, you talking out of your ass this whole time with nothing to back it up with.
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-- Why are you so obnoxious ? At what grade did they kick you out of school ??
 
BTW Tether is all owned by US Gov agency and they use Tether as a way to launder money, that is why it won't crash, it is US Government backed. Some time ago the US intermingled and they settled on a case for a 6 figure number. Go figure; a billion dollar laundry business settled on a 6 figure number. You think Bitfinex CEO has a place to hide when he is put on a hitlist ? Come on.
 
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Sprout said:
Sounds like your long, you know Tether's support ETH too, yes?
Maybe you should talk up your book instead of down.
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The only reason why I am long is because it would not be prudent to miss out completely. I have small position for just in case. I do believe in blockchain tech, cryptos are a totally different story. Call Tether a FUD, let’s see what happens if they ever blow up.
 
Heydrrich said:
BTW Tether is all owned by US Gov agency and they use Tether as a way to launder money, that is why it won't crash, it is US Government backed. Some time ago the US intermingled and they settled on a case for a 6 figure number. Go figure; a billion dollar laundry business settled on a 6 figure number. You think Bitfinex CEO has a place to hide when he is put on a hitlist ? Come on.
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i highly doubt it is owned by US Gov, not impossible of course and would explain why they allowed to exists.
 
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