/biz/ - Business & Finance

Which one would it be? Mine would be pic related. I like to think of the sheer amount of uncontrolled chaos that it would undoubtedly cause.

If pic related was to collapse what would it do to the market as a whole? Would exchanges go under? Any decent alternative stable coins out there?

They keep printing more of this shit to desperately keep the total market cap above 100 billion.

The more fake money they pump into the system to keep it afloat, the less liquidity there is, which means if you are tethered up and want to withdraw, you will not have the liquidity to do so. Your money will be trapped. Thanks Tether, you are literally creating crypto's own version of Black Swan.

Bitfinex'ed is a douchebag, but he's right. This is so fucked.

>The biggest FAKE crypto liquidity provider just took a brutal hit

>Golden bullrun is here, we made it bros

Jesus guys, at least try not to be that retarded. I seriously hope you are larping tho.

You have been warned.

Why hasn't this coin mooned yet? I literally bought in at the ATH. Why do I even listen to you /biz/ ?

Is Btc going to the depths of hell and dragging the market with it or what? No one is talking about this.

BTC dies and brings the whole market down with it?

>>7361551
While you all are distracted with large font
>>7362216

NO TRADING MARKET ON BINANCE FOR TETHER

if you hadn't pumped BTC there's no way we could have cashed out these sick gains. truly a once in a life opportunity

Alright, who went all in on this bad boy?

>everything else is -10-20%
>this fucking coin is somehow +0.15%

How?

A Theory of Tether
https://np.reddit.com/r/Tether/comments/7uvfwg/a_theory_of_tether/

This is an overview of what I think has occurred since December 6th, when Bitfinex/Tether received the subpoena and why the following events occurred, based on circumstantial evidence.

I would just post it all here, but it wouldn't work out well with the formatting and field length.

So what is Tether


http://www.tetherreport.com

https://twitter.com/Bitfinexed?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

>Each Tether is backed by 1USD
>currently 2.2 Billion tether
>As of Dec 2017 no one can redeem USD until they've 'migrated to a new platform'
>Relationship with auditors has been terminated as of Jan 2018

Really fires those neurons. Feels very very safe

the tether scandal will hit world wide news and crypto will go below 200 bil marketcap in a flash of an eye.

Not only will it be known that tether has been printing USDT without USD to back it up, it will also be known that they used their actual USD reserve to invest in bitcoin for profit. This crash will liquidate them in the upcoming weeks.

Get out now you have been warned. buy back in march

Please tell me they have these funds.