/biz/ - Business & Finance

BTC's new top will be 15k by Friday. Screencap this.

>youtube video rec
>guy going around asking wallstreet what they are doing in the downturn
>guy used in thumbnail is $125 millionaire
>"buy gold"
>"that's interesting, that's the first time we hear that today"
I take this as a sign.

>>4412018

Tether is supposed to be 1:1 to USD holdings dude. We're nearing a billion Tethers being out tin the wild. It's a big fucking problem if there isn't a billion in the bank behind these things, and its a very high probability that there's nothing backing up garbage upon which all of the crypto market is hoisted a la the mythological Atlas.

A better analogy than yours would be if I, a company located on Sketchy Island, gave you a certificate that entitled you to one US Dollar because I'm claiming that I have a Dollar in the bank for each one backing it up. Now I PRINT CERTIFICATES AT WILL and use them to pump up the value of a commodity that I also sell, thusly raising its value astronomically, and in a manner without precedent.

This doesn't end well. Period.

Anyone else cash out on the ethereum lottery? Just sold my 1000 eth. Shopping for bmws now. What are you going to do with your prudent gains?

Eth bagholders need not apply. Click sell and start winning for once.

You guys probably won't believe me but it doesn't matter. I currently work for one of the most successful hedge funds in the world but am thinking of quitting real soon. Long story short, I REALLY want to fuck this hedge fund over due to reasons you do not need to know. One of the ways I am thinking is by releasing the source code of the trading algorithm to the general public. Now obviously I KNOW that if a strategy is disclosed publicly it will cease to be effective.

Thats basically the point of my crusade.

But considering the frightening accuracy of this trading algorithm (we've basically averaged an annualized 80% return for a decade) I NEED to know whether if everyone following it would cause severe disequilibrium in the markets enough to cause a big crash of the system.