Things are getting out of hand for USDT holders. Tether.to is producing millions of dollars to pump Bitcoin price. Thes tokens doesn't have anything to back up it's value, no usd or anything. Then how are they producing such massive amount?
Here's the link: http://omniexplorer.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL
Recently, more information about Bitfinex using USDT to pump Bitcoin price. If you are interested you can read information about a Tweeter page giving information about how Bitfinex is pumping BTC and if I were you DO NOT INVEST IN BTC in days it's going to be nasty for BTC holders and USDT holders.
Here is the twitter page: https://twitter.com/Bitfinexed
Imagine BTC price is being pumped with nothing backing it up. If USDT scheme collapsed, I don't know what will happen to those who bought BTC from $5000 up to now. This will be a major disaster for BTC holders.
If you are reading this and you have a USDT, convert it now to BTC and exchange it to something more reliable like bitUSD. Soon this scheme will fall as more investors are realizing that USDT is a fraud token.
Resteem this and save a friend. I repeat this is urgent and people need to be informed before everything collapse.
Please kindly read https://steemit.com/bitshares/@docmastery/my-goal-to-reach-5000-bts
I am currently accepting donations. If you have some Bitshares spare in your wallet you can send them to my Bitshares Wallet: doc-mac18. For steemit SBD and STEEM you can send them directly on this account. Thank you!
Nem Dayao,
Your Bitshares Enthusiast
Thanks to @orelmely for the GIF image
Hey @docmastery, would love some help from you. i have open.btc and open.steem in openledger, i try to sell for BTS but every time i get transaction error, does that happen sometimes or is it me?
@bubke, yes happens a lot try clicking here. This happens a lot due to bad connections in our active node.
Change your access node and wait until your block is updated.
Once updated, try order booking again.
If that doesn't work, try closing and opening Bitshares light-client again.
Thanks, will try it later. I see you are not using openledger, what are you using there? Is that like an offline wallet? Feeling a bit newbie on bitshares...
Yes it is. It's pretty much the same. But in my experience here in the Philippines. Openledger has a better connection than the local wallet.
Very interesting. Thanks for sharing and I will look more into it for sure. I am studying up on bitUSD as a place to park the fiat in the garage for awhile when winter comes. Full upvote here
Thank you @anarchrysalis. You will not like what you will gonna read on @Bitfinexed page.
Keep telling the truth about USDT. More people need to know to avoid it.
GOOD JOB keeping us informed! It's scary when things like this happen.
@originalworks
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Thank you @summertooth
:)
Well done @docmastery, I have been warning against it for weeks.
You'r right on the spot about the above 5000$ mark !
I hope this ticking time bomb will implode sooner than later.
Most people doesn't realize this or doesn't ever care about what is happening, but this will leave a bad mark in the crypto world along with red flags everywhere.
Yup, and all this is just the tip of the scam iceberg: bitconnect, OneCon, etc. It's the dot.com bubble all over again. But just like Altavista died, internet survived and some challengers rise (Google, Facebook, etc). BTS, EOS, NLG and even ourselves TCN (TatchCoin) should get through.
I tried to contact you in DM on Twitter but it doesn't seem possible...
Thanks again for the article and mention us on futur Tether articles I'm following this closely 🤪🤓
My bad, I forgot to set my privacy settings to anyone. It's okay now.
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I believe that USDT will be replaced by bitUSD. Just upvote your post :)
@magicstone1412 thank you. Yes, I believe so.