Did you miss the guy who stole your balls in primary school m8

Your whole point about usdt is dumb. Nothing happened it's still the number 1 stable coin in terms of daily volume.



Talking about genius this guy still think covid vaccines were a good thing and backed up by "science and legit data". God Damn fatty

This post was edited by Melatonina on Jun 16 2022 05:45am

Oh look. Angry attacks instead of evidence. Just like always

he does have a point in that the market cap for usdt has dropped 12 billion dollars from its peak just a month ago, this is on top of the fact that tether has admitted that they are not in fact fully backed but only partially so there is an elevated risk

This is basically how all of my conversations with Mel goes.

I bring up facts and evidence, and he gets mad and insults me.

Rumors, fear fuled by FUD. Market caps in crypto are all driven by speculation and market sentiments. nothing is rational.

The only thing that this shows is that most people, including the fatty, are easily manipulable and will believe anything medias tells them lmao

This post was edited by Melatonina on Jun 17 2022 12:58am

Nah. It's literally in their documentation. They aren't audited or fully backed.

Usdt will always be at best as risky as USD by definition because the best case scenario is its perfectly pegged to usd. It can only get worse from there.

This post was edited by NetflixAdaptationWidow on Jun 17 2022 01:21pm

No, Thor is correct. Tether isn't backed by dollars, it's backed by commercial paper by their own admission. That commercial paper is NOTfrom Western markets, because none of the big players know who they are. That means that, at best, Tether is backed by IOUs from Chinese real estate firms. The problem is that Chinese markets are shaky at the best of times, and Chinese real estate is a rotten house ready to collapse. This isn't a "media" line, because the media has been oblivious to it from the get-go. Tether's reserves don't actually exist. It's fraudulent, and it's going to zero.

If you guys still in crypto/nft you getting scammed. Crypto is only good if you do daily flip versus holding. Also, real money is in land/houses. Buy a house, repair it, sell at high profit /repeat.

Also, Crypto is backed by $. $ = Crypto. If no people put $ in Crypto, Crypto have no value which is why we're having a crash. Because people outside big investors have no money to invest and in time of need, $ have more value than fictive $. It's really that simple. Usually, sharks want to control Crypto and bring money back home . The only reason Crypto have so much value is because of DEFI and all you can do with $ that doesn't leave trace. Remove that element and crypto ain't shit.

This post was edited by SunnyvaleTrailerPark on Jun 17 2022 06:48pm

I'm wondering how big of a bank run it will take. If their documentation is to be believed they're up to about a quarter of their reserves in commercial paper. I wonder if that's accurate or if it's actaully way more. For all we know they were laundering money out to personal accounts the entire time. Honestly wouldn't be surprising.

We're all gonna laugh at you when Tether goes to zero