LOL orbit spinning his wheels trying to take down Tether all by himself. Consumer Research not Reports, and right whoever the eff that is. I think Taco bell has got sumtim to do wit it.
Mother orbit: patron saint of the hopeless crypto investor. God bless you Mother orbit! We know youre doing it just for us and you wouldnt buy back in at $7000 even if you had the opportunity. Im starting a crowd funding campaign to install a shrine at ET HQ. I dont have much to go on,so if its all the same to you,I'll run with a Jebediah Springfield statue for said shrine:
See, this is your problem. What you say, namely that Bitcoin will crash and sink to zero, is no different from those brainwashed Bitcoin fanatics who say it's going up to $1 million. It's not based on any evidence. It's more grounded on hearsay or your own wishful thinking. Moreover, Tether's collapse alone is not enough to shut down Bitcoin completely. You'll just have a bunch of Bitcoin HODL throwing themselves out the window (or, as usual, asking the US government to bail them out).
If it wasn't for Tether we wouldn't have been there. Bitcoin would've died off a long time ago. It's an useless asset that doesn't produce anything. People only buy because price is going up and price goes up due to Tether printing fake dollars and propping up the market. I say that once Tether goes down it will likely take Bitcoin below $10K. The people behind Tether are all fraudsters. The founder was associated and lived with a sex trafficker(and he was arrested along with him, though later released with no charges), the co-founder used to sell pirated Microsoft licenses. He also ran business in china that were shut down for tax fraud. Many of their associates have ran some of the bigger tax evasion schemes in europe. The founder of Bitfinex was associated with ponzi schemes. Their general attorney previously participated in an online gambling site, infamous for their poker scandal where they gave privileged players "god-like" abilities to see the cards of their opponents. One of the largest Tether shareholders was the biggest donor for the Boris Johnson (one of the greatest clowns to have ever lived).... The deeper you dig, the worse it gets. Eventually their scheme will either get shut down OR collapse on it's own. The regulators usually don't take action until a ponzi scheme collapses. This might be an exception due to illicit finance being a "national security risk". Of course Tether always replies to "FUD" by printing tethers and pumping the market. Price going up shuts down the critics and reinforces the bias of the zealot Bitcoin holders.
Again, you're only regurgitating the same old BS you've been saying all along. If you truly want to make the case that Tether is gaming the system, you should (at the very least) show some hard facts like Tether transactions not being recorded on Blockchain, among others.
There's definitely gaming going on but not quite in the way that's perceived by the never-coiners. https://www.elitetrader.com/et/thre...ndering-mogilevich-trump-us-elections.379479/
FUCK YOU ASSHOLE THERE IS NO BAILOUT IN BITCOIN read it slowly, so you can understand it Have a nice day!
That was BEFORE BlackRock. They're too big to fail, ya stupid fuck. And don't be such a pussy every time. You have a nice day as well!
BTW did I read that right? No bailout whatsoever? Not according to this article. https://cointelegraph.com/news/a-fr...rypto-industry-reacts-to-recent-bank-bailouts