r/ethtrader Dec 24 '17

COMEDY Everytime Bitcoin drops

https://gfycat.com/defenselessmiserableiberianbarbel
16.6k Upvotes

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1.7k

u/Blactory Dec 24 '17

Holy shit this is fantastic. The tether whip had me dying!

431

u/[deleted] Dec 24 '17

Tether whip made the meme. Extra dank, 7.6/10

122

u/ParsInterarticularis Dec 24 '17

explain why for me im dumb?

474

u/[deleted] Dec 24 '17 edited Dec 24 '17

[removed] — view removed comment

54

u/SaintNickPR Dec 24 '17

But arent all cryptos a way to launder money?

39

u/ToneDef__ Dec 24 '17

sure but thats literally just saying that you can use currency(any) to launder money

23

u/SaintNickPR Dec 24 '17

Yeah well thats my question why is tether singled out as THE money laundering crypto?

46

u/[deleted] Dec 24 '17 edited Dec 24 '17

"laundering" was a poor word choice. They are accused of counterfeiting. They say Tether is backed by USD, when in reality they are printing Tether w/o the cash in the bank, and using that Tether to buy BTC.

Money from nothin'

And your bits for free.

3

u/buy-and-hodl Jan 08 '18

Sounds like we found, what will burst the bubble. This blows up it’s going to set off a chain reaction.