/biz/ - Business & Finance

Chico is rambling about the USDT collapse in Novemeber all the time recently.
What does biz think?
Should I sell everything in November?

in Germany, if you've been holding your crypto assets for a year, you're allowed to cash out without paying any taxes
Am I right in assuming the smartest thing would be to swap everything you plan to cash out to a stablecoin (like USDT), wait a year, and then swap all the USDT to euros?

LMFAO
this is our true king

Who else thinks that we have been doing too well for too long?

Everything is too green to take any positions, the day charts show a steady rise in all primary assets and the big red candles exist, but are seemingly overdue. What do you think the weekend looks like?

lets swing trade together anons!

>>8288801

No matter the Binance hack or not, if you aren't in Tether, BTC or shorting right now, you're doing it wrong.

get some fresh air anon, you cant hide anyway.

WHY DID I BUY THIS PIECE OF SHIT COIN IT NEVER GOES UP AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>7935938
Reporting.

Don't get me wrong, I caught a few bullish tweezers today, but for the night, I'm out.

STRAPPED IN, goodnight biz, see you in the red.

So what's gonna happen when people stop pretending this scam is actually backed by US dollars?

with more power than ever before

https://twitter.com/jmorse_/status/961362577111396352

https://www.bloomberg.com/news/articles/2018-02-07/a-vocal-crypto-critic-says-bot-army-got-him-suspended-by-twitter

Now that he has enough media presence his ban got a lot of attention and caused another cascade of doubts and questions and even some articles in the media. I don't care who and how got him suspended but this guy is back and he's 100% more vindicated and gained even more influence.
I feel this Tether issue will soon be even more scrutinized than before, tread carefully anons.

Tether pretty much proves that monetary expansionism and keysenian economics are correct right? Their money print created liquidity and had a stimulant multiplier effect that boosted confidence and brought in new capital.

Sure crypto did bubble but it's stabilising at 8x the value it was before the print run. Who'd have guessed crypto would prove the merits of fiat currency all along.

Senate hearings with the CFTC (& SEC) on their investigation of Tether & Bitfinex:
https://cointelegraph.com/news/us-sec-cftc-to-focus-100-on-crypto-in-dedicated-hearing-next-week

>Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission
https://www.banking.senate.gov/public/index.cfm/2018/2/virtual-currencies-the-oversight-role-of-the-u-s-securities-and-exchange-commission-and-the-u-s-commodity-futures-trading-commission

IT'S HAPPENING

>>7278514
>buy tether when it's below a dollar
>exchange for the dollar its worth
>use new money to buy more tether
>repeat

>>7218442
Big dump of Tether shitcoins into the relative security of Bitcoin & other Crypto

>>7208538
The reason you hold any reserve is because if the market price drops it is necessary to buy some back to drive the price up. That does not demand 1:1 backing which ultimately is meaningless. Lets say they have 2bil in a bank account. So? you cant touch it cant withdraw it, and if you could would it really matter if it was 2bil at ALL TIMES? no. Multitrillion dollar banks dont do this. Now, nobody with half a brain looks at
>pic related
And thinks "Gee this is clearly thr logo for Fed Reserve issued blockchain banknotes! it is not cash. It is token, like all ICOs and fity billion others. It's sales pitch is that they will do the necessary measures to maintain its fixed exchange against the USD. Infact 1:1 is meaningless other than for simplicity it could be 2:1 0.73:1. etc.

IM PRI- I MEAN PUMPING AS HARD AS I CAN!

Calling all /biz/tards whether you like tether or not. We have a problem and we need to solve it. Tether fud is making the market stagnate as people cash out and wait to see if it's is going to implode.

SO the solution is we kill it ourselves, spread fud 24/7 here, Reddit and Twitter. Sell all your USDT and short it on Kraken.

LETS MAKE CRYPTO GREAT AGAIN.

YOU HAVE ! hour to EXIT MARKETS INTO FIAT! THIS IS NOT A DRILL! WE ARE GOING TO BLOW! THEY ARE MOVING BTC INTO GDAX FOR FIAT HENCE THE LOW PRICES. I REPEAT THIS IS NOT A DRILL! SAVE YOURSELVES!!!

Just a reminder that crypto isn't bubble, but if this Tether bubble pops it can bring whole market down.