TETHER FRAUD PROPPING UP BTC MARKET

Bitcoin / DollarBitfinex

Description

⋅ Jan 20, 2018 1:31 PM

650 million USDT printed since 14 January.

Coincidentally, that's when BTC started dropping.

People started cashing out to USDT.

USDT value increased.

Uh, oh...USDT needs to be 'stable'...it needs to be 1:1 with actual USD.

Let's print some more USDT to reduce its value.

However, in doing so, Tether is effectively propping up the value of BTC.

Especially as Bitfinex (highest volume BTC/USD exchange) considers USD and USDT to be interchangeable...

Even though USDT is a non-redeemable token!

Pure fraud.

Comment

⋅ Jan 23, 2018 12:47 PM

Casual 100M USDT printed again

Comments

webbie

⋅ Feb 1, 2018 9:53 PM

851 views and only 3 likes (mine included) ... "A fool and his money are soon departed."

Oscarthedog

⋅ Jan 25, 2018 4:30 PM

I'm sure that you've already seen this but this article seems to validate your concerns.

news.bitcoin.com/vouching-bitfinex-and-tethers-bank-accounts-hold-nearly-3-billion-usd/?utm_source=OneSignal Push&utm_medium=notification&utm_campaign=Push Notifications

Oscarthedog

⋅ Jan 21, 2018 10:50 PM

Will you be updating this regularly? How can I tell when they print new tether if I ever wanted to check on my own? Thanks kindly

Exercise-Discipline

⋅ Jan 21, 2018 11:17 PM

@Oscarthedog, I will try to update it, however, you can check here:

omniexplorer.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL

twitter.com/tetherprinter

Oscarthedog

⋅ Jan 21, 2018 11:18 PM

@TanayUK, Thanks much! I'll add an alert to Twitter. You rock!

Oscarthedog

⋅ Jan 21, 2018 10:50 PM

Will you be updating this regularly? How can I tell when they print new tether if I ever wanted to check on my own? Thanks kindly

otarkpb

⋅ Jan 20, 2018 2:06 PM

what are u saying...we dont get it

Exercise-Discipline

⋅ Jan 20, 2018 2:18 PM

@otarkpb, Tether is printing USDT, and sending it to Bitfinex to buy bitcoin...

For past 5 days they have printed at least 100 million USDT per day...and used it to buy bitcoin...

otarkpb

⋅ Jan 20, 2018 3:25 PM

@TanayUK, where is your proof? how do u know this..u are the 30th person to say this .....ALL CURRENCY IS MANIPULATED BRO...SCREW TETHER,...the actual usd has been manipulated for CENTURIES..whats your point?/PROOF...FUD

Exercise-Discipline

⋅ Jan 20, 2018 3:25 PM

@otarkpb, proof? omniexplorer.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL