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slidebite posted:I'm still trying to understand wtf a tether is It is a U.S. dollar, except without the backing of the United States government and may not be used to purchase goods or services.
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Jan 17, 2018 01:09
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Lime Tonics posted:number one thread on cryptocurrency right now More Comments (9) el-cukoDegenerate alt-gambler • 4h Two things. I need the number in Canada ,and two, it's not for me....more for my wife, so they can talk her out of killing me
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Jan 17, 2018 01:10
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Lemming posted:Pretend Chuck E Cheese made 1.5 billion Chuck E Cheese tokens and told you you could trade each of them in for $1 a piece, and then used them to buy lots of bitcoins. Their proof that they have $1.5 billion in the bank to back the value of the Chuck E Cheese tokens is that they promise. If you try to cash out your Chuck E Cheese tokens they tell you to contact customer support.
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Jan 17, 2018 01:11
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turn off the TV posted:
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Jan 17, 2018 01:11
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slidebite posted:I'm still trying to understand wtf a tether is The company issuing them hasn’t undergone an audit since they started printing them and 1.6 bn have been issued so far, almost all of them in the last year or so. Due to the way arbitrage works you can’t have too high a discrepancy between the price of a crypto in Tether and the price in USD. So issuing a bunch of tether and using these to blast through the orderbook during periods of weakness can help support prices. It’s the #1 systemic risk in crypto and when it goes we’ll see lower 4 digits possibly 3 digit BTC prices. Which is when I’m buying the gently caress out of it.
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Jan 17, 2018 01:12
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my coins are worrth what they were worth 2 weeks ago this is a disaster 
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Jan 17, 2018 01:17
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Jan 17, 2018 01:19
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https://www.youtube.com/watch?v=VvtUCUM9yCU
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Jan 17, 2018 01:23
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mood:
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Jan 17, 2018 01:25
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COMRADES posted:post your sources https://www.reddit.com/r/Bitconnect/comments/7qwjcx/this_cant_be_it_i_lost_everything_everything/
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Jan 17, 2018 01:34
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Junior Jr. posted:Good thing Coinbase isn't this lovely. They have a lot of defenders in this thread and my experiences with them haven't been historically awful like the MtGox depositors, but yeah, Coinbase pulls their share of shady poo poo too. They are better than some, true, but I wouldn't trust any of the exchanges as depositee of a sum of money I didn't want to lose. But I give Coinbase a lot of credit for at least trying to run like a business, and they are more transparent than most. Coinbase at least says they have a plan for what happens if they get MtGoxed and all the bitcoin is gone and they made it available to the public ( https://www.coinbase.com/legal/insurance ) which is more than Celery ever did. Whether they could carry it out in the event remains to be seen, I guess.
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Jan 17, 2018 01:34
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Is Coinbase really based in the US? One of my co-workers told me they added their credit card on there and the temp charges they got to authenticate the card got flagged by Chase as international transactions.
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Jan 17, 2018 01:46
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They print tether on one exchange but its not limited to that exchange. You can trade tether for BTC and then sell that BTC for money on another exchange.
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Jan 17, 2018 01:46
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100 HOGS AGREE posted:Is Coinbase really based in the US? One of my co-workers told me they added their credit card on there and the temp charges they got to authenticate the card got flagged by Chase as international transactions. Good question. Whenever I've dealt with them it's been the people in San Francisco, but they have offices all over the world.
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Jan 17, 2018 01:52
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Goodpancakes posted:They print tether on one exchange but its not limited to that exchange. You can trade tether for BTC and then sell that BTC for money on another exchange. So basically the contagion of tether is not limited to the exchange which originates it, but to all exchanges which trade BTC with it. Its all fine though, our cryptoexchanges are too big to fail and will be bailed out.
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Jan 17, 2018 01:56
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I have a coworker yelling at me to buy Ripple (XRP) immediately. Why should I/shouldn't I goons? I have extra to blow
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Jan 17, 2018 01:58
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Jebediah posted:I have a coworker yelling at me to buy Ripple (XRP) immediately. Why should I/shouldn't I goons? I have extra to blow go to Vegas
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Jan 17, 2018 01:59
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Eagles to win the Super Bowl is 7 to 1.
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Jan 17, 2018 02:00
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Jebediah posted:I have a coworker yelling at me to buy Ripple (XRP) immediately. Why should I/shouldn't I goons? I have extra to blow  Would you buy random rear end penny stock that is surely about to take off based on the rantings of a coworker?
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Jan 17, 2018 02:03
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Lote posted:Eagles to win the Super Bowl is 7 to 1. bullshit i'm putting all my bitcoins on brady
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Jan 17, 2018 02:07
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ghosTTy posted:my coins are worrth what they were worth 2 weeks ago this is a disaster Lol you tone deaf moron
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Jan 17, 2018 02:08
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Mozi posted:bullshit i'm putting all my bitcoins on brady Patriots to win is 1:1
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Jan 17, 2018 02:13
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Jebediah posted:I have a coworker yelling at me to buy Ripple (XRP) immediately. Why should I/shouldn't I goons? I have extra to blow Blow your coworker for money
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Jan 17, 2018 02:14
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today was my most profitable day so far this year
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Jan 17, 2018 02:15
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Gobbeldygook posted:that's been the case for a while, but people with 50k have approached them and still been rejected. tether's are "backed" by dollars that you cannot redeem them for. someone (divabot?) mentioned a while ago that what they're probably doing is just matching buyers and sellers rather than sending you their own money which they absolutely don't have. can't find the post though.
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Jan 17, 2018 02:16
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COMRADES posted:post your sources lol keep these coming. That site's blocked by my work.
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Jan 17, 2018 02:18
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Uranium 235 posted:today was my most profitable day so far this year Did you short it
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Jan 17, 2018 02:20
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Jebediah posted:I have a coworker yelling at me to buy Ripple (XRP) immediately. Why should I/shouldn't I goons? I have extra to blow Lend him money to buy Ripple at exorbitant rates. It's a sure thing, right?
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Jan 17, 2018 02:22
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Why not invest your money in ETFs?
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Jan 17, 2018 02:31
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Grand Theft Autobot posted:Why not invest your money in ETFs? For the bitcoin investor, might I recommend $TNA? It's triple leveraged, ALL small cap stocks to really tap into that volatility. The recommended investment size is approximately 60% of your portfolio if choosing to opt out of bitcoin.
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Jan 17, 2018 02:46
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Alpha Mayo posted:It is a U.S. dollar, except without the backing of the United States government and may not be used to purchase goods or services. So you are telling me that I am better off with just one honey-roasted peanut if it's a choice between that and a $20 tether?
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Jan 17, 2018 02:53
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KiteAuraan posted:So you are telling me that I am better off with just one honey-roasted peanut if it's a choice between that and a $20 tether? I guess that depends on how allergic you are to peanuts.
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Jan 17, 2018 02:55
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turn off the TV posted:
So basically Tether are hedge funds in terms of redemption restrictions? Cool.
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Jan 17, 2018 02:57
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Uranium 235 posted:today was my most profitable day so far this year Teach us sensi
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Jan 17, 2018 03:02
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Horseshoe theory posted:So basically Tether are hedge funds in terms of redemption restrictions? Cool. If they were run by Chuck E. Cheese and Chuck E. Cheese was slowly running out of business
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Jan 17, 2018 03:05
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Horseshoe theory posted:So basically Tether are hedge funds in terms of redemption restrictions? Cool. No worse because in the terms of service it says they can decide not to give your money back period if they feel like it.
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Jan 17, 2018 03:07
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lol shitcoins
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Jan 17, 2018 03:14
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Yardbomb posted:lol shitcoins
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Jan 17, 2018 03:17
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Is bicoin easy to covert back to dollars? Like I know people are cashing out but I just always got the feeling these people were only making money on paper and not realizing much actual gain.
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Jan 17, 2018 03:17
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the chief v2 posted:Is bicoin easy to covert back to dollars? Like I know people are cashing out but I just always got the feeling these people were only making money on paper and not realizing much actual gain. Seriously? 5 threads and this?
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Jan 17, 2018 03:20
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