Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
It'll get really crazy when everyone can't settle in Tethers USDT so they'll go to Alts or USD. There's also Nubits, but it's only on Bittrex and a legit peg to the USD.
I've been saying for several months that Bitfinex has created Tethers out of thin air, washed traded on their own site and ran BTC up from $800 to $20k.
They were idiots to say it's pegged to the USD, they will go the way of Liberty Dollar. They should have never used the USDT acronym, but criminals really don't care, they just hope they can get away with it if they make enough $$ and stay out of jail and use the excuse, "this is an unregulated industry, regulations and rules don't apply!".
Well the USD (FRN) is hightly regulated, world reserve currency and backed by the biggest military and judicial system on earth and they don't like competition, no matter how big or small.
Bitfinex never wanted your BTC or LTC or ETH or USDT, they want your money as in us dollars.
This will not end well
This will definitely get ugly. I can imagine how people will start selling their BTC when they read this news. Oh wait, the price of BTC just plummeted to 9k area minutes after this article was published. What a coincidence.
This will definitely rile up the cryptosphere is a very negative way.
I've been saying for several months that Bitfinex has created Tethers out of thin air, washed traded on their own site and ran BTC up from $800 to $20k.
They were idiots to say it's pegged to the USD, they will go the way of Liberty Dollar. They should have never used the USDT acronym, but criminals really don't care, they just hope they can get away with it if they make enough $$ and stay out of jail and use the excuse, "this is an unregulated industry, regulations and rules don't apply!".
Well the USD (FRN) is hightly regulated, world reserve currency and backed by the biggest military and judicial system on earth and they don't like competition, no matter how big or small.
Bitfinex never wanted your BTC or LTC or ETH or USDT, they want your money as in us dollars.
This will not end well
https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc
Hope they used some of their billions in illegal gains to lawyer up, if any firms will represent them
This will get ugly
Hope they used some of their billions in illegal gains to lawyer up, if any firms will represent them
This will get ugly
This will definitely get ugly. I can imagine how people will start selling their BTC when they read this news. Oh wait, the price of BTC just plummeted to 9k area minutes after this article was published. What a coincidence.
This will definitely rile up the cryptosphere is a very negative way.