some ppl have gone quiet hmmm interested in hearing their thoughts on tfxi foray into crypto and tfx coin...

problem with all these coins is demand. you can limit the coin to 10 or whatever, if no demand the coin won't be worth anything.

when i want to cash out and no one wanna sell, i need to make it attractive. instead of market rate i need to price it maybe 10% cheaper if i need the money fast. if it's super urgent i need it now like NOW, maybe price 25% lower.

when others see that and they also need it fast then how? cheaper 30%? 40%?

if there is massive demand then it will only go up, but the thing is overheating is always a problem. look at all crypto, look at the stock market. sure correct, corrections are always very steep

This post has been edited by eyerule: Nov 10 2022, 09:06 AM

Of course they don't have so much USDT in hand, that's why have to buy from market.

Are u sure we can straight buy USDT from Tether no need thru exchange.

Then another question is even there is no daily limit to buy from Tether but would bank have daily limit to wire transfer?

It's up to individual, if u want to sell at 50% then go ahead. Someone see it as opportunity would grab it.

If u are not in hurry then just queue at $1 but it depends on how much USDT in hand company have.

Then problem back to square again as their reason for slower wd is due to hard to get enough USDT or bank limitation

now that we have tfx coin, will triumph fx will be doing any proof of reserves audit by a reputable third party soon?

so that we know the 10bil is in the form liquid assets at least nearly equivalent to cash

now that we know even 2nd largest cypto exchange FTX and high profile person like SBF can't be trusted.

it's just a digital number in the app at the end if no one to buy. Can see but Can not use.

Why you want to invest into a fx with profit and not able to convert back to fiat and use it. "Smart" investor

This post has been edited by cliveseow: Nov 10 2022, 09:51 AM

If TFXI actually created, mint and use the coin as its payment currency, it will be wise to rethink your investment. Any crypto that does not have any functionality, practicality and are in full control of its creator are bound to fail, especially if it does not have a good ecosystem. A crypto currency that are only circulating in its community and does not have any function are worthless. A lot of scenarios can happen and the result will be really bad.

Taking a real world example, what if one currency are not in demand in the world market, does not have enough assets as a base peg value, are printed at the will of the controlling entity and are only used locally amongst its holder? You got a Zimbabwe dollar in the making. This will be even worse if the controlling entity are corrupted.

u can create account and buy directly from them. also u can exchange ur usdt back to 1 usd.

https://tether.to/en/

The following is purely from a business point of view. I mean a LEGITIMATE business.

A legitimate business will offer different withdrawal methods. This is called flexibility. Customers can choose whichever withdrawal method they will prefer.

No, it does not work that way. A currency issuer does not buy or sell the currency solely on its own. When we sell MYR for USD, BNM does not buy back the all the currency. The market players, for example, private bank, money exchanger, etc, are the main buyers. Then it will sell it back for other currency depending on its needs. This is how it works in a healthy market. This is how USDT work as well. There are holder of USDT and other crypto that need it both way, hence, one of the reason for its sustainability.

With the way you phrase it, it sounds as if the company are the only buyer for the new coin. If it does not have any other function, nobodies are going to buy it. Holders will only sell it for USDT. In that case, the coin basically only serve as a letter of credit. And if the company are already having problem issuing USDT to its clients seeking withdrawal, what difference does it make when the company is the sole buyer of the said coin? I might be wrong but if this is the case, it seems to me that this is just another nicer/high tech way to repackage, divert and drag on the current withdrawal issues for the uninitiated clients.

According to the IBs in my group, there's not enough USDT to buy from exchanges to support withdrawal.

Does this make sense?

But I thought USDT can be minted by Thether any time if there is not enough of it?

TFX IB, let me teach you how to buy USDT in Cyprus

https://cryptoguide.github.io/cyprus/USDT/

there are many exchange allow to deposit money in Cyprus and exchange with USDT unless tfx run out of real cash

No need to try and explain to them what’s actually going on hahaha.
There’re many self proclaimed expert/sifu here in law yat forum you know, with just a few slides and they thought they know the whole story. Someone even said he knows a lot about crypto hahaha, I bet he must be a crypto tycoon who is filthy rich.

why not? plenty dude. they kencing u bro.

You guys are so funny.

Facts so right but people still believe in 6% return every 5 weeks.

Haha. Top 10 crypto coin. Can't wait to see that. Similar market cap of the WHOLE USDC coin 😂

Pls buy more. 1 tfx will soon be 5 usd

You can't laugh at greed more than what's unfolding now.

Don't worry, ...judging by their past 2 months of track records, ...they won't want to miss the chance of doing the "woof", "woof", and "woof" things on these haters.

They had been enjoying doing those woof, woof, woofing things for the last 2 months. Do you think they want to miss doing that woof woof woofing to haters again?

Most probably, they are collection more information from their source, then will woof, woof and woof at those haters again once the implemented things go smoothly as intended or they had more info abt it.
When that time come, Believe me, be warned....the leash will be lose again and then haters will kena the woof woof woof again with vengeance.

P/s, this is the 1st time i am using those woof woof woof words. I just copied what had been used few times before in past postings of a forummer in Oct.
Sincerely sorry if it is not good for your ears...I just copied the phrases used.

I can see that p2p now traded at 4.40 now.

When you mentioned P2P, you are referring to those WhatsApp group?

Got money or not? How much they are talking? Vist Coinbase site: Last 24 hours : MYR 690.5B Volume traded.
If shortage USDT, then USDT price will increase, although, it's a stablecoin. In fact, the price has dropped 1.7% for the last 7 days.

So not enuf USDT? There is 1 point that USDT is short in supply, about 3 months. After that everything back to normal since AUG.

the sifu has appeared

pls teach us something even satoshi doesn't know about

maybe its some new financial system that can win nobel prize for its creative invention