/biz/ - Business & Finance

oh no no no Tetherbros i think we got too cocky

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If Crypto will go to shit after January 15th, then certainly the exchanges know this, right? There is no way that you or r/Buttcoin has any special information that the big Crypto exchanges don't.

Take Coinbase for example. Why would Brian Armstrong even bother with an IPO if he knows or senses that Crypto market will be dead after Tether collapse (if there is a collapse that it). Why would he even bother with the SEC filings. And Binance too. Why the fuck would CZ just sit there and do nothing if he knows a crash is coming? He can easily rugpull today knowing that the market would be dead tomorrow. But he doesn't. Because he knows he can rake in billions of $$ on the daily from transaction fees. Because he knows he market won't die. Anyone claiming they have more information than the big exchanges regarding Tether is either being delusional or a lethargic devil. So I say relax. Unless the big exchanges start to worry about Crypto, you should not.

Because if Crypto is gonna be dead, then exchanges would already price that in. And if Crypto does not die after the Tether collapse, then what the fuck is the point of the Tether fear mongering anyways?

>>12866467
>USDT
>USDT
>USDT
>USDT
>USDT
>USDT

The fraud is rather straight forward. They print USDT out of thin air, which is then deposited to a Bitfinex treasury account. The initial transaction (usually 100 or 200 million USDT blocks) are then dispersed to other exchanges.

A concerted buy effort begins to purchase BTC with USDT on several exchanges. Once 100 million USDT hits the order books, the price goes up. BTC usually jumps 3-4% within the hour, and keeps climbing higher in some cases. Multiple research reports have been written on this, showing the strong statistical relationship between BTC pumps and new Tethers being printed. If you wish to see the USDT treasury, follow it here: https://omniexplorer.info/address/1NTMakcgVwQpMdGxRQnFKyb3G1FAJysSfz/1

Once BTC prices jump, it is sold for real USD on fiat exchanges such as Coinbase and Kraken. This would yield profits anywhere from $5-10 Million USD, depending on the amount of fake Tethers they issue AND assuming they trade on a 1 to 1 basis. If I was them, I'd purchase derivatives swap contracts for maximum leverage, in order to profit more (although I can only speculate on this). That way they get a piece of both the upside, and downside.

Once the real fiat money is in their account, I assume they use it to prop up their "balance sheets", in which they claim there is a 1:1 ratio of USD and USDT. In the meantime, they've made millions. It's why they refuse, and never will release an audit.

A realistic guess is that roughly 30% of the crypto market is made up of honest traders/investors. The rest is spoofing and wash trades. USDT will eventually collapse, due to regulatory intervention.

This must be some new form of retardness to keep your funds in vaporwave.

Alright this board is full of green wojaks, time to sell

See you at 6000 faggots