Just asking for a friend, he is losing way too much these days with Bitcoin. Do you guys think that Paolo can fix this drop like he did before? Did the printer run out of ink?
I have no idea, I don't play in that sandbox. So who is Paolo? Just checked, the CTO of bitfinex? Not that I know or even care what bitfinex is. Anyway good luck to all of you guys, you will need it.
https://theodoregreenbaum.medium.co...es-that-usdt-is-backed-by-itself-55303bbd7a23 This might have something to do with it.
So, is there any proof of which companies tether holds commercial paper of? Sounds like a con of epic proportions if those companies are in any way crypto related. Why? Because those companies can legally shut down tomorrow after their executives raided the company assets and go into bankruptcy protection. Then tether might "settle" in a corruptive scheme for cents on the dollars and tell anyone who wants to redeem tethers for usd that they are unable because the paper they held are worthless. The sums that are exchanged for handshakes between tether and those commercial paper issuers could amount to billions. Sorting this out could take years...
How can one lose too much with BTC? Long at the top? I figure you might be ironic, or your friend shouldn't be touching any asset... let alone crypto. Maybe a stable coin like tether would be a better trade for your friend.
I found it very odd as well because I thought that no one loses with Bitcoin. At least it is what I've been hearing for a while.
Every media outlet was stepping over eachother to predict higher highs. One said 100K, One said 500K and so on. All that just screamed peak/.
THE CELEBRITY SURGEON WHO USED LOVE, MONEY, AND THE POPE TO SCAM AN NBC NEWS PRODUCER When Benita Alexander fell for celebrated doctor Paolo Macchiarini—while filming a documentary about him—she thought her biggest problem was a breach of journalistic ethics. Then things got really interesting. BY ADAM CIRALSKY JANUARY 5, 2016