That's the other thing I don't understand. Nobody in this thread seems to be worried at all about the complete collapse of interest/trading/price in China. If China fails to be market leader simply by turning off wash trading, and then falls significantly behind the west in price on top of that, it kinda indicates the entire price was just being propped up by fraud in the first place. They don't call the Chinese the Jews of Asia for nothing. They're one of the only groups on earth who can compete toe to toe vs the heebs in financial fraud.
have you followed the tether mess? finex has been slowly increasing USDT supply by 125% over the last month.Thats how they've been paying back the BFX tokens and staying a float despite the BTC withdrawals.Its gonna be a huge mess when the whole thing explodes. people should be fucking scared but not they seem happy and euphoric LOL
Can you explain either the logic or the facts in this a little bit better?
I understand that there may have been some fractional reserve type activities in order for Bitfinex to pay back BFX tokens so quickly - however, I don't really understand the USDT connection.
You are suggesting that Bitfinex has been using USDT in the background - however, they do not use USDT on their exchange as an option for their users?
In essence, you are also saying that USDT is not really backed up 1:1 - and that Bitfinex powers that be have some control over USDT?