The Bitfinex/Tether Danger is Very Much Still Present...

Tether is still printing, full speed ahead...despite the fact the price of Bitcoin has dropped from 15k-18k to the 10k-12k range, the speed of the Tether printing presses have quadrupled in rate. While over $325 million was printed in the entire month of November 2017...now Tether has managed to print $500 million...in 5 days. (And much more than that on other days.)

Now, there are over $2.2 billion Tether is circulation.

This is NOT "demand."

These are NOT institutional investors depositing money into Bitfinex/Tether, because there's NO way they would be printing a fixed amount each day to "meet demand." Really? Exactly $100 million of new deposits per day, huh?

The danger of a massive, quick collapse in Crypto is growing daily. Tether recognizes their part in the cherade, and changed their legalese to say that Tethers are redeemable...except in cases where they deem it not possible, fraud, questionable, immoral, illegal, etc., etc...(i.e., for any reason they want)...

...and, from my understanding, it's also not possible to redeem in the U.S...

(Kind of weird and ironic that you can't redeem Tethers, backed by the U.S. Dollar, in the country that issues it...no?)

This has smelled fishy for a long time...and the stench is getting worse.

Crypto has a bright future. Tether and Bitfinex...do not.

Get your coins out of Tether and Bitfinex ASAP.

This post is a continuation of my previous posts about the risks presented to the cryptocurrency ecosystem by Tether and Bitfinex. You can read them here:

Widespread Cryptocurrency Price Crash Imminent Due To Bitfinex and Tether

Do you have money on Bitfinex? You might want to read this.

Tether Prints $325,048,400.00 USD in the Month of November

How Tether is Pumping Up and Propping the Bitcoin Market in One Simple Chart

Tether Shareholder Report Leaked: Links Between Bitfinex and Tether Confirmed

Question to Bitfinex CFO Giancarlo Devasini: "Can you create a Willy Bot to take us to $10k?" His Response: "Currently working on it..."

Tether Deposits and Withdrawals are "Blocked"

Bitfinex Hires PR Firm and International Law Firm To Attack Critics ("Bad Actors")

Multiple Users Cannot Withdraw BTC or ETH from Bitfinex. Management Blames DDoS and Heavy Demand: "Our CTO hasn’t slept in 4 days and will not sleep until this is sorted."

Bitfinex Corporation Has Closed Down All Business Activities In Hong Kong and Singapore

Multiple Documented Reports of Accounting and Ledger Irregularities ("Bugs") Plaguing Bitfinex