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BitConnect Closes Exchange as States Warn of Unregulated Sales

(www.bloomberg.com)
389 points JumpCrisscross | 2 comments | 17 Jan 18 01:04 UTC | HN request time: 0.427s | source
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sitepodmatt ◴[17 Jan 18 01:53 UTC] No.16164805[source]▶
One scam down at least, next the Tether printer and BitFinex boys. Clean up in aisle HKG please.
replies(5): >>16164892 #>>16164948 #>>16165555 #>>16165611 #>>16172919 #
andirk ◴[17 Jan 18 02:12 UTC] No.16164892[source]▶
Tether has remained at about $1/coin for a long time. Isn't it liquid if you trade it for BTC then to fiat?
replies(2): >>16164995 #>>16165626 #
frakr ◴[17 Jan 18 05:07 UTC] No.16165626[source]▶
Has it? https://coinmarketcap.com/currencies/tether/#charts
replies(1): >>16166944 #
1. andirk ◴[17 Jan 18 10:55 UTC] No.16166944[source]▶
That's what I'm saying. If they are actually able to always trade at very close to USD every day for over a year, does not that show stability in the coin? If it is, in fact, printed money, then it keeps working so far. Just like USD.
replies(1): >>16170120 #
2. empath75 ◴[17 Jan 18 17:59 UTC] No.16170120[source]▶
Low trading volume on kraken, easy to wash trade to fix the price where you want.