Tether is untethered from facts

[Apollo]

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In case this ponzi blows up, I have warned in advance.



DYOR

 

[Kant123]

Good time to invest or??

 

[Apollo]

Good time to invest or??

Did you even bother to read it entirely? If you did, you'd run as far away from crypto as possible.

 

[Prime Minister]

I'm not in crypto but I saw the creator of Ether say that tether is bitcoin's timebomb he's a competitor but it's interesting I guess.

 

[Prime Minister]

 

[Apollo]

If Tether collapses, they will have surpassed Bernie Madoff in scale.

It is potentially the biggest financial scam on earth.

 

[Kanan]

Is this the Bitcoin crash you predicated in the Crypto thread?

 

[Apollo]

Is this the Bitcoin crash you predicated in the Crypto thread?

Nope, just an elaborate highly technical scam that makes Bernie Madoff blush. Just posting in advance as a warning.

 

[Bo$$man]

 

[Apollo]

Even mainstream YouTubers are covering it now.

 

[Sheikh Google]

Even mainstream YouTubers are covering it now.

Dum it down for me. I swear they are just backed against the dollar. Unless tether doesnt have any money in reserve.

 

[Apollo]

Dum it down for me. I swear they are just backed against the dollar. Unless tether doesnt have any money in reserve.

Watch that video in full, it is edutainment.

This could literally be the biggest scam on planet earth.

 

[Sub-zero]

If Tether collapses, they will have surpassed Bernie Madoff in scale.

It is potentially the biggest financial scam on earth.

Keyword IF I will carry on investing weekly. I heard about this months ago.

 

[Aurelian]

Watch that video in full, it is edutainment.

This could literally be the biggest scam on planet earth.

Will that effect the global economy in anyway? I don't care about my cryptocoins anymore, they are nothing

 

[Kanan]

In the end it says Tether is only 60 billion of Crypto total market cap of 2 trillions so properly not.

Tether makes up only 3% of the total crypto value.

 

[Apollo]

In the end it says Tether is only 60 billion of Crypto total market cap of 2 trillions so properly not.

Tether makes up only 3% of the total crypto value.

Market caps in crypto are fake. They do not represent how much is actually invested.

One real dollar invested into a crypto moves the market cap by about 10 dollars.

Tether's impact and influence on the crypto industry is 620 billion.

Most bitcoin is traded against Tether.

A small minority of bitcoin is bought with real money.

 

[Apollo]

Keyword IF I will carry on investing weekly. I heard about this months ago.

Until the music stops playing.

 

[repo]

When Facebook launched Libra/Diem, it received the most attention and scrutiny from regulators whereas Tether has escaped most of that. The reason being Facebook has potential users, you won't be buying Tether unless you are into Bitcoins. Facebook made it clear that Diem will be a placeholder until the feds issue digital dollars. I wouldn't be surprised if there's an agreement between Facebook and the government since criticism has died. I think they will go after Tether when Diem launches.