1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:
- Thread starter JordanWearinThe45
- Start date
High quality poster
Veteran
I’m sure it wouldn’t be hard. I didn’t even get tied up in it and I’d give the “bitcoooooneeectttt” guy these hands. fukkers.
SadimirPutin
Superstar
lmao...............some people didnt do due diligence
and got fubared
crypto is not a magic bullet......they wouldnt do this shyt with any other investment vehicle
that bitcoin rise last year really birthed some fools..............
there is money to be made but shyt is far from simple or automatic
and got fubared
crypto is not a magic bullet......they wouldnt do this shyt with any other investment vehicle
that bitcoin rise last year really birthed some fools..............
there is money to be made but shyt is far from simple or automatic
Clark Wayne
Superstar
The $20k minimum is for the presale. The public crowdsale on Feb 8th I think you can invest as little as possible.
I was confused about it at first as well.
Taking out 30k loans on this shyt
Oh my god. Folks educate yourself, ABOUT ANYTHING, you're taking a risk in doing or spenidng money on. No excuse. We all have google on our phones and computers. There is no excuse for being conned like this or playing yourself like this outside of intellectual laziness.
TheBigBopper
Banned
What do you all think of this brewing tether controversy? I’m strongly considering cashing out my entire portfolio within the next few days.
No clue as to what you are referring to.
how you put 30k into one single coin and not research? there were so many red flags before anything of this happened for months .
I tried reading up on this but don’t understand what it’s talking about. can you give a quick description?
TheBigBopper
Banned
Short story is that tether is a crypto that attempts to have equivalent usd value (ie 1 tether = 1 usd, the coin is literally “tethered” in value to the dollar) and they accomplish this by allegedly having each tether backed by a US dollar in its reserves. The issue is that now it seems as if tether is just printing its coin out of thin air and not backing it up with usd. Over the past few days, tether issued about $400mm in new coins and issuance typically occurs right before a recovery. Who is depositing the reserve money? This is a real problem because people often use tether to purchase coins on crypto to crypto exchanges so if there aren’t an equivalent amount of dollars stored, the value of bitcoin and other cryptos have been artificially propped with tether.
Everyone in this thread with >$1k crypto holdings should do some research on this. Mainstream press is even starting to report on it. If tether is running a fractional reserve bank like platform, it could be fatal to crypto once people realize their tether isn’t backed and they cause a bank run.
Clark Wayne
Superstar
Heard of tether but I hadn't did any research until just now and now i'm like 
fukk... this shyt about to get bodied before I even get started
I don’t see why something like this would bring the whole market down. it would cause negative effects but mostly just for anybody holding the tether coins.
Man o man.Heard of tether but I hadn't did any research until just now and now i'm like