Nobody can actually short bitcoin because all it takes is a message to Tether once you enter your positions, which your competition sees.
They’ll print to liquidate your position, and use the profits to pay back the printed tether and pretend that the money was always there.
They’ll print to liquidate your position, and use the profits to pay back the printed tether and pretend that the money was always there.
If you think for ten seconds exchanges don’t use their customers own trading positions to trade off on, when they literally hired experienced poker cheaters that worked for ultimatebet, you are naive as hell.
It’s been proven by the CFTC that Tether used anticipated wire transfers, not even a contract, to back tethers. Tether issued hundreds of millions of Tethers on “trust me bro.”
Six months after Bitfinex was founded they were already printing money to inflate the market.
Here phil potter admits to trading on Bitfinex... but he doesn't trade.
Shorting bitcoin is like having a really good Poker hand over at UltimateBet... and one of the players at the table is secretly an UltimateBet employee and sees everyone's hands.
You ain't winning shit in that game.
You ain't winning shit in that game.
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