/biz/ - Business & Finance

all USDT paired shitcoins and BTC are pumping bigtime

>Has a market cap of approx. 3 billion
>Only 140 million of it has been traded in the last 24 hours with most of it on a single Chinese exchange

Where the fuck is the rest of the Tether hiding?

Last december someone here told me to buy USDT instead of Bitcoin at 17.000$.

Thank you so much for this, now I can buy 3 bitcoins with my 17.000$ USDT.

People made fun of me for buying USDT, saying that i'll never increase in value.

BUT I SAW IT GOING FROM 0.9992 TO 1.154!!!!

THANK YOU FOR THIS, now I will buy 3 Bitcoins.

>>10927428
It's highly stable. It can't be directly used for speculative purposes.

>People said I was gonna lose it all tethering up back at $13k
>Tether hasn't imploded, I'm still up heavily, and all those doubters get to see more and more of their gains disappear every day

Feels good man

Can you send USDT between exchanges? i have some USDT on Bibox from a while ago want to send it to Binance.

TrueUSD is on Binance so you have no excuse--switch now before Tether's inevitable insolvency.

https://bitcoinmagazine.com/articles/yes-stablecoins-can-secure-official-audits-major-firms/

Store of value

Word of advice to bears. The moment they print $250 mill tether. Thats your call to close short and buy in. They literally market buy with that across every exchange.

Are we going to ignore the fact the people is selling their shitcoins for Tether, a fucking unusable token backed by a bank account?

People will eventually sell their shitty token to go back to bitcoin. Or at least thats the idea (Buy cheaper). Volume increases everytime Bitshit is going down.

Does this mean money will have to come back any time soon?

>be me
>start Crypto exchange
>Exchange becomes very popular, make money with fees
>bank account swells by the millions
>issue my own crypto, say its worth 1 dollar and that it's backed by dollars on my bank account but dont have a legal obligation to exchange said currency for those dollars
>create a new 100 million dollars every time my bank account accumulates with 100 million dollars
>sell my cryptocurrency for other cryptocurrency
>now I have bought 100 million dollars of cryptocurrency whilst leaving my dollars on my bank account without a legal obligation to give them in exchange for my tethered cryptocurrency.

What could go wrong?
Can I keep doing this forever /biz/?

>entered top 10 today, already #9
>almost as much 24h volume as BTC
why aren't you all in yet?

SAVE US

WTF is Tether not printing more millions? :(

Why aren't you all in? Top 10 EOD.

Hey guys found a sick crypto thats actually mooning, gonna 2x in the coming days, thank me later

A ticking time bomb

>It remains to be seen if Bitfinex and Tether are the subjects of a criminal investigation
https://modernconsensus.com/cryptocurrencies/bitcoin/bitfinex-tether-investigation/

>Bitfinex has created a complex structure to move funds within the banking system
https://bitcoinexchangeguide.com/bitfinex-exchange-and-tether-usdt-linked-to-puerto-ricos-noble-bank/

>Tether prints another $250M a week and a half ago
https://cointelegraph.com/news/tether-mints-250-mln-of-new-usdt-tokens-rekindles-controversy

What would happen if $2.5B worth of liquidity were to dry up all at once?

So now that tether is exiting because of the TrueUSD competition and flashcrashing the market. Can we finally start over with a bullrun at 500$ per BTC?

I'm an insider, trust me this going to blow up when it hits. I'll most more details tonight. Better start accumulating lads.