Bitfinex dead?

Amazon
mcGE57

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mcGE57
Feb 4, 2018 7 Comments

Bitfinex looks like it's been defrauding people in this tether Ponzi scheme. It's by far the largest exchange with double the daily volume of the next biggest.

If it's dead, my guess is that bitcoin goes down below $1000.

Their comment that they dissolved their relationship with their auditor because the auditor was too picky.... Fuuuuuuuuck.

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TOP 7 Comments
  • Yes. And I have news for you -- bitcoin is a Ponzi scheme too. So are all the altcoins.

    Doesn't mean one can't make money, but don't cry if the thing collapses and you're bought in.
    Feb 4, 2018 0
  • eBay
    zz22

    Go to company page eBay

    zz22
    Why is tether a ponzi scheme? You literally cannot make money off it by definition since its tied to US dollar.
    Feb 4, 2018 3
    • eBay
      zz22

      Go to company page eBay

      zz22
      It may be fraudulent but I don't see how tether is a ponzi scheme.
      Feb 4, 2018
    • Amazon
      mcGE57

      Go to company page Amazon

      mcGE57
      OP
      Use fake money to buy Bitcoin, pumping up the price, creating a buying frenzy that drives the price up almost 1000x. Then dump.

      All those crypto investors were putting in real USD because they thought Bitcoin was going up, but the bitcoin market cap was an illusion based on fake tethers, the reality is that the money they thought was there in their coins was never there. The gains were an illusion.

      If that's not technically a Ponzi it's very fucking close.
      Feb 4, 2018
  • Oracle
    -/-/-/

    Go to company page Oracle

    -/-/-/
    Awwww cute. Fun with decentralized currency
    Feb 4, 2018 0
  • Microsoft / Eng
    ShortBTC

    Go to company page Microsoft Eng

    ShortBTC
    🌷
    Feb 4, 2018 0