Official Cryptocurrency Thread (9 Viewers)

[Graney]

FOMO

 

[Graney]

 

[cosmo 2]

 

[Graney]

Store of value

 

[Graney]

I am particularly interested in Tether, possibly the biggest fraud currently occurring in Cryptocurrencies.

Tether, traded as USDT, is closely tied to the exchange bitfinex, sometimes reported as the largest cryptocurrency exchange.

Tether is a cryptocurrency whose unique gimmick is that it is advertised as having 1:1 exchangeability for USD. According to the Tether company, every USDT is reported to be backed by a real USD held in a bank account.

The purpose of tether is to solve the problem of transaction delays between cryptocurrencies and the real economy, by enabling crypto traders to trade for a more stable asset.

There is abundant evidence that Tethers claims of USD backing are fraudulent, no money backs Tether and bitfinex is printing Tether to push up the Bitcoin price and acquire bitcoin.

For example, in the last 4 days, while the bitcoin price has been crashing, Tether has issued $350 million of USDT.

A sceptical person would wonder who in the world would have used $350 million USD cash to purchase Tether in the last 4 days.

http://www.livebitcoinnews.com/tether-prints-another-100m-usdt-bitcoin-price-continues-decline/

The current market cap of USDT I believe is $1.85 billion, although coinmarketcap is only showing $1.65 billion. This means, unlike other cryptocurrencies, the company Tether Limited claims to actually have at least $1.65 billion USD in bank accounts to be redeemed on request.

No one has ever redeemed a single tether for USD, and there has never been an audit of their account. Tether Limited perpetually claim an audit is coming ~soon~.

Could the printing of $1.65 billion of fake money have something to do with the recent rise in cryptocurrency prices? It's a mystery.

 

[Graney]

Probably no one is reading this, but I am using it as a place to dump things I read.

 

[seremify007]

Probably no one is reading this, but I am using it as a place to dump things I read.

I read it. And the Tether thing is interesting given dropping the auditors.

 

[Long live Gaddafi]

If you wanna make a good profit in 6 months time I recommend buying VERTCOIN VTC

 

[Graney]

If you wanna make a good profit in 6 months time I recommend buying VERTCOIN VTC

On 13th Feb 2018, the day this post was made, Vertcoin was $3.30 USD, or 0.00037599 bitcoin.

Currently it is $1.91 USD, or 0.00025449 BTC.

Prices per coinmarketcap

https://coinmarketcap.com/currencies/vertcoin/

Lets see how this plays out come August 13, 2018

 

[ichila101]

On 13th Feb 2018, the day this post was made, Vertcoin was $3.30 USD, or 0.00037599 bitcoin.

Currently it is $1.91 USD, or 0.00025449 BTC.

Prices per coinmarketcap

https://coinmarketcap.com/currencies/vertcoin/

Lets see how this plays out come August 13, 2018

This is why you dont just buy what other people say.

Sent from my SM-G900I using Tapatalk

 

[boat460]

dont catch a falling knife

 

[Graney]

 

[Graney]

Was a few years too late for BTC, but I got in on ripple at 75c and a particular mod here got in at 25c

It's now $2.27241 (ATH @ USD $2.80) analysts say it will grow to $18-20 (end of 2018), bear in mind those are conservative figures since it already beat this year's projections by leaps and bounds. Great opportunity to invest (FOMO)

Sorry for your loss.

 

[Graney]

Was a few years too late for BTC, but I got in on ripple at 75c and a particular mod here got in at 25c


It's now $2.27241 (ATH @ USD $2.80) analysts say it will grow to $18-20 (end of 2018), bear in mind those are conservative figures since it already beat this year's projections by leaps and bounds. Great opportunity to invest (FOMO)

Ripple has already partnered with many banks in Asia, and even Westpac here in Australia (source)

Per coinmarketcap, ripple is now at $0.57.

lmao Neil_ got rekt, sfyl

 

[Graney]

If you wanna make a good profit in 6 months time I recommend buying VERTCOIN VTC

On 13th Feb 2018, the day this post was made, Vertcoin was $3.30 USD, or 0.00037599 bitcoin.

Currently it is $1.91 USD, or 0.00025449 BTC.

Prices per coinmarketcap

https://coinmarketcap.com/currencies/vertcoin/

Lets see how this plays out come August 13, 2018

It's the big day, August 13, let's see what the 'good profit' we've made on vertcoin is:

$0.79 USD, or 0.00012443 BTC

Going from $3.30 to $0.79, losing over 75% of your original investment, could be interpreted as not a 'good profit',

Sorry for your loss.

 

[cosmo 2]

youre all going to get exactly whats coming for you

,

 

[galaxys2000]

Jokes on you guys, just put another $2000 into the market, spread across different alts. IOTA (42c), NEO ($15.40), OMG ($3.43), ZRX (66c). Remind me in December when I make a small fortune )

 

[cosmo 2]

found a photo of U

 

[Neil_]

Per coinmarketcap, ripple is now at $0.57.

lmao Neil_ got rekt, sfyl

I'm in it for the long haul mate

 

[galaxys2000]

Ripple is a momentum coin. Ripple will eventually come back, and with that so will the next bull cycle.