Quote:
Originally Posted by Silvurwolf
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great link, this tether propping up the market isn't new either
tether is used also to buy alt coins which explains why they recovered even faster than btc.
volume on exchanges that use fiat to buy btc are lower than exchanges which use tether, in fact binance had 6x the volume of gdax 3 days ago.
even if tether did have every dollar in a bank its a loophole to get around regulations and in my opinion could be potentially seized, and thats a best case scenario considering how non transparent tether and bitfinex are.
if you didn't know, bitfinex is a high volume exchange which has majority shares in tether. bitfinex also earns over 1 million a day in fees.
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Yup I heard that's where the real money is been made and they are cashing it out in real hard CASH as it comes in to get it the fuck away from crypto.
Telling yah in 2020 there's going to be a netflix documentary of this shit with all these millennials crying on camera that their quick rich scheme didn't work out for them.
4 ways you get rich in life:
1. WORK HARD
2. HAVE RICH PARENTS
3. WIN THE LOTTO
4. STEAL SOMEONES SHIT
5. BE A HOT WOMEN AND MARRY SOME FAT BALDING GUY WHO IS IN CATEGORY 1,2,3, AND 4 THEN DIVORCE THEM.
life since the dawn of time has been this way, it doesn't change because you're a millennial with a phat joint hanging out of your mouth as you spam refresh on your fav crypto app.