USDT Tether Being Investigated by New York Attorney General

[Trader Curt]

This is very big news for all crypto holders right now. And if you look at the charts you will see that Tether printing has came to a halt for a few days now and ever since it has, all crypto prices have been moving sideways, and now are starting to fall. Of course we were due for a correction, but this investigation is what started the correction, or the end of crypto? You have 30 days to think about it.

https://coingeek.com/buckle-your-seatbelts-ny-attorney-general-to-decide-on-tether-in-30-days/

Of course this could also be FUD started by people in power to scoop up low prices, let's not leave that out of the picture either...

 

[BKR88]

https://danheld.substack.com/p/dont-fear-tether

 

[Nobert]

 

[johnarb]

This is very big news for all crypto holders right now. And if you look at the charts you will see that Tether printing has came to a halt for a few days now and ever since it has, all crypto prices have been moving sideways, and now are starting to fall. Of course we were due for a correction, but this investigation is what started the correction, or the end of crypto? You have 30 days to think about it.

https://coingeek.com/buckle-your-seatbelts-ny-attorney-general-to-decide-on-tether-in-30-days/

Of course this could also be FUD started by people in power to scoop up low prices, let's not leave that out of the picture either...

*** I'm not a financial advisor ***

This Tether fud, plus Yellen fud are just a way for the big investors to buy your bitcoins for cheap. We (cryptos investors) survived a 3-year bear market and this is nothing, unless someone invested with leverage or with money they need in the short term, just hodl.

I have sold $over $70K worth of bitcoins the past 3 days and it's not money I need (not buying the Tesla anymore, until btc goes back over $40K). I may buy back the bitcoins/cryptos. I'm on the fence on this, though, the cash out was for cashing out, not for trading in and out of bitcoins/cryptos

Remember, Goldman Sachs, Blackrock are new big players in this space. Add them to everyone else and be confident to HODL imho

https://elitetrader.com/et/threads/bitcoin-price-thread.315402/page-290#post-5301007


https://elitetrader.com/et/threads/bitcoin-price-thread.315402/page-286#post-5294903


https://elitetrader.com/et/threads/bitcoin-price-thread.315402/page-273#post-5276229

 

[Trader Curt]

*** I'm not a financial advisor ***

This Tether fud, plus Yellen fud are just a way for the big investors to buy your bitcoins for cheap. We (cryptos investors) survived a 3-year bear market and this is nothing, unless someone invested with leverage or with money they need in the short term, just hodl.

I have sold $over $70K worth of bitcoins the past 3 days and it's not money I need (not buying the Tesla anymore, until btc goes back over $40K). I may buy back the bitcoins/cryptos. I'm on the fence on this, though, the cash out was for cashing out, not for trading in and out of bitcoins/cryptos

Remember, Goldman Sachs, Blackrock are new big players in this space. Add them to everyone else and be confident to HODL imho

https://elitetrader.com/et/threads/bitcoin-price-thread.315402/page-290#post-5301007


https://elitetrader.com/et/threads/bitcoin-price-thread.315402/page-286#post-5294903


https://elitetrader.com/et/threads/bitcoin-price-thread.315402/page-273#post-5276229

I thought you already sold?

Just look at what happened to Libra coin, they did away with it. Now with Biden in office he has already signed documents to put a halt to crypto regulation, now Tether is being investigated too? No matter what the outcome in 30 days is, this is bad news. And when you think about our all time high in 2017 the way the market took a complete crap on everyone, what makes you think it's not going to happen again? No matter what, this to me is a time to sell, and I've already sold...


And the purpose of this post is not to get everyone to sell, but to watch out because I care about people and don't want to see anyone get wrecked

 

[Cuddles]

Now with Biden in office he has already signed documents to put a halt to crypto regulation,

Putting a halt on regulation would be a good thing actually
https://markets.businessinsider.com...luding-proposed-crypto-rule-2021-1-1029989717

• Joe Biden halted all last-minute rules from Trump's administration, including those for cryptocurrency.
• Hours after Biden's inauguration ceremony, the order was circulated in a memo to all federal agencies.
• Controversial crypto regulations proposed by Steve Mnuchin on December 18 were met with criticism.

 

[Trader Curt]

Putting a halt on regulation would be a good thing actually
https://markets.businessinsider.com...luding-proposed-crypto-rule-2021-1-1029989717

• Joe Biden halted all last-minute rules from Trump's administration, including those for cryptocurrency.
• Hours after Biden's inauguration ceremony, the order was circulated in a memo to all federal agencies.
• Controversial crypto regulations proposed by Steve Mnuchin on December 18 were met with criticism.

https://www.financemagnates.com/cry...dent-freezes-proposed-crypto-kyc-regulations/

I agree with you, I am against crypto regulation, but this can be bad for the market

 

[Pekelo]

For any BTC lovers, tomorrow is Discount Friday!!!! Buy it above 30K while it last!!!

 

[jys78]

Non-issue.

 

[johnarb]

I thought you already sold?

Just look at what happened to Libra coin, they did away with it. Now with Biden in office he has already signed documents to put a halt to crypto regulation, now Tether is being investigated too? No matter what the outcome in 30 days is, this is bad news. And when you think about our all time high in 2017 the way the market took a complete crap on everyone, what makes you think it's not going to happen again? No matter what, this to me is a time to sell, and I've already sold...


And the purpose of this post is not to get everyone to sell, but to watch out because I care about people and don't want to see anyone get wrecked

Thank you, bro! Yes, it's a good thing to always be watching out for each other always wish for each other's well being

I was planning to sell $250K ($50K for Tesla) but right before meeting with our Tax accountant, I lowered to $150K and the schedule was last week, but delayed it until this week.

I don't sell in one shot, though, same method as selling on cryptos exchanges, I sell an amount that is at risk if there's any issues (i.e. wrong address send, etc). So, deposit (transfer transaction btc) $5K to $10K in btc from local wallet to Cbase, then when hit daily sell limit $25K, stop, sell all to Cash $, withdraw to the bank, wait until next day.

Last bitcoin btc sale was today but because of this bitcoin price decline, I'm switching to hodl mode again. Already received close to $50K in the 2 bank accounts, it said 1-3 business days but Cbase is quick! 1 day. Also tested PayPal, that was instant even at midnight!

Even if this is the start of a 3 year bear market, I'm ready for it. This will be my 3rd bitcoin bear market. Hodl!

*** I don't believe this is the start of a bear market, I believe bitcoin will be over $100K each within 6 months, this is a temporary pause in the bitcoin bull market ***