/biz/ - Business & Finance

>>25462727
>>25462941
“Pump it”

>>25462781

>>25457919
>Couldn’t have done it without you
Literally.
You need naïve retards to hold your bags.

>>25461341
The whole crypto market is about to implode.
Bagholders on /biz/ are in denial and shilling hard.

>>25452427
Don't worry anon.
You'll get it sub-5k once the SEC investigates Tether.

>>25451751
Keep living in denial.
Whales will be laughing at the retards who fell for the golden bull run meme.

The problem with the tether FUD(which isn't FUD at all, just facts) is that retail investors not only dont understand, they simply dont care. So like all ponzi schemes, the scam wont matter until suddenly, it does. And you cant forecast exactly when a ponzi scheme will unravel.

https://www.desogames.com/why-i-hate-bitcoin-and-why-tether-will-end-up-killing-it/

imagine being in crypto and not knowing the tether/bitcoin ponzi scam

It seems ECB is about to ban stablecoins along with CBDC launch.

If there is no stablecoin, Bitcoin will crash as the entire Tether-Bitcoin ponzi scheme will be no more.

https://www.ecb.europa.eu/press/inter/date/2020/html/ecb.in201130~ce64cb35a3.en.html

It seems they are about to ban stablecoins along with CBDC launch.

If there is no stablecoin, Bitcoin will crash as the entire Tether ponzi scheme will be no more.

https://www.ecb.europa.eu/press/inter/date/2020/html/ecb.in201130~ce64cb35a3.en.html

>>24310981

BTC was invented by the central banks for three reasons, first, to split the anti-fiat community, and cause dissension in our ranks; secondly, to divert capital away from precious metals; thirdly, to prepare the world for CBDCs. It ought to have gone to zero after 2017, but it has been pumped and re-inflated by tether and other stablecoins, just as the stock market has been pumped and re-inflated by Q. E. My reasons for thinking as I do:

1) Tether is widely believed to be responsible for the 2017 crypto pump (its own founder admitted this suspicion to Jordan Belfort https://www.youtube.com/watch?v=Xzpqxqbq0Jg).).

2) Tether now has 10x the mcap that it did during the March crash, when BTC crashed to $4000, and also has a 40 billion per annum printing-rate. The only time when tether was ever audited was 2018, and yet even then it was found to be backed only by “75% cash and cash equivalents.” The truth is, tether is probably “backed” by the very BTC which it is printed out of thin air to buy.

3) BTC volume is only 5% of what it was in 2017, and Google searches for Bitcoin are in the gutter. This shows that retail interest is low, and almost all BTC is going into tether's hands (as DesoGames explains here https://www.youtube.com/watch?v=qzDjJ-SrojY).).

4) BTC is completely worthless as a currency. https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7?gi=a80dff4c0636 In 2017, you had $100 fees and 3-day transaction times when sending BTC. Even if the Lightning Network were implemented, only 0.1% of the world population could use BTC.

5) The only way to use BTC as a currency is to go through Blockstream's second-layer solutions (like the LN), which track and trace everything you do. BTC also tracks you forever on a pseudonymous ledger, hence why the BTC Twitter hackers were caught within days of cashing out. Physical gold and silver coins are therefore superior for privacy to BTC.

(1/3)