/biz/ - Business & Finance

thanks just shorted 100k

Thread theme:
https://www.youtube.com/watch?v=PMsYuFrKUQ8

>having any money on bitfinex
i nope'd the hell out of it right after the august 2017 iota pump and that was already late
for fuck's sake, bitfinex shenanigans have been ongoing for 3 years and exposed for more than a year, and people still hold the live grenade thinking it won't explode because it hasn't blown up yet
phil potter literally exitscammed a few months ago, and you can bet the other bitfinex guys (who aren't just pretend names) have their exit in place as well
crypto is already high risk to start with, you have to be unhinged to hold tether and insane to use bitfinex. worst part is when this blows up we're going straight to sub 1k btc

>>11315413
My only concern is the article is saying no-one can withdraw but also telling you to remove your money.

H A B B E N I N G

>>11315361
>load the tether fud
what year is this

>>11315436
bitphoenix/finex will make btc crash, but btc will reascend from the ashes, stronger than ever

>>11315361
By the way you smelly niggers, you can see all the deleted posts on the finex subreddit here:
https://snew(dot)github(dot)io/r/bitfinex/new/

It's actually p juicy lol

When is Binance going to do a stablecoin?

>>11315413
Any sources other than reddit threads?

>>11315361
>mtgox 2.0
lol more like bitfinex 2.0
You do know they "got hacked" and the customer took the haircut even though the exchange has been printing cash.

>>11315401
based

Aren't they bought by circle which is Goldman Sachs or something?

>>11315572
you're thinking of polo

The sooner tether goes bust and better stablecoins take it's place the better off we are.
The biggest fallicy in crypto is that tether is buying support. It is just another shitcoin users can trade their BTC and paired alts for .

https://www.theblockcrypto.com/2018/10/06/bitfinex-moves-its-banking-relationship-to-hsbc/

Nothing to see here folks.

>>11315583
This. Bitfinex tether is just delaying the inevitable flash crash and only the newest of newfags don't realize this.

>>11315401
Thank you for this.

>>11315361
From what I have been reading this has been a long time in the making. Bitfinex recently lost their banking relationship and the founders have been involved in other shady practices as well.
Currently there is a lot of crypto fleeing from the exchange, 50k+ btc this month alone. Since you can no longer convert to fiat, this is the only way to leave bitfinex.
I hope all anons are getting out as fast as they can, pic related.

>>11315361
tether fud version 12.0

Sad thing is nobody cares because nobody wants the ride to end

>>11315511
>bitfinex is a scam
>"better trust binance instead!"
fucking retard... jesus fucking christ.
literally just use DAI instead. Its backed by math and game theory, and unlike every single other "stable coin" is actually decentralised and can always be audited on the blockchain

>>11315453
>>11316012
Remember when the last tether FUD made people scared to hold USDT and they proceeded to lose 70%+ on their shitcoin investments, I member

>>11316058

>>11316058
kek

>>11315583
people are waking up to makerdao
once tether explodes and dai maintains its peg through the crash, there will be both power vacuum AND narrative to funnel people to the idea of decentralized stablecoins
in fact it wouldn't be surprising if the recent MKR climb from 1.8 eth to 2.6 eth was tied to tether getting closer to implosion

>>11315361
https://ethereumworldnews.com/crypto-exchange-bitfinex-taps-hsbc-banking-services/

>>11315361

>there are people who left their shit on bitfinex after they claimed 36% of everybody's magical internet tokens as a haircut.

>>11316443
You are misunderstanding, my main point is that tether going bust would not trigger a crash.
People buying tether is the reason crypto goes down mixed with leveraged futures contracts.
What do you sell into when there is no tether ?
Tether is bad for the market along with any other stablecoin.

>>11315361
relax bois

you should withdraw from any exchange that uses usdt

>>11315453
I've already switched to True USD

>>11317412
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

Get ready for capitulation.

>>11316084
I remember anon. they got me with it.

>>11315361
BIGLY
TRUELY
BIG
IF
TRULY
BIGLY
TRUE

>>11315361

why the fuck do people not use binance? You guys are fucking retarded

>>11315361
Is this @Bitfinexed's medium?