/biz/ - Business & Finance

Nothing about Bitcoin sets it apart from hundreds of other shitcoins, other than the sheer scale and complexity of fraud by the likes of Binance and Tether that is propping it up.

Crypto companies are shutting down or cutting employees. This didn't happen with previous dumps, and we're on the verge of a recession. Given all of this, give me 1 reason that Bitcoin would go up again. Are more hedge funds going to buy back in and pump it to $60k again after seeing other hedge funds get liquidated? No. Then were would the money come from?

I figured out the tether connection to BTC. This is how it works.

>significant increase in tether's price over $1 will result in immediate or delayed increase in BTC's price over at least 1 week
>significant decrease in tether's price below $1 will result in drop in BTC's price or sideways movement for at least 1 week

Explanation: Insiders change tether's price for their friends. If you know BTC's price is increasing, by increasing the price of tether over $1 you are making the tether more valuable and thus you can purchase more BTC with tether closer to $1.01, $1.02, etc. On the other hand, when insiders know BTC is going to dump they can lower the price of tether for their friends closer to $0.99 which means when they sell, they will actually get more tether than they would if it was stable at $1.00 and so they will be able to buy back more in the future.

The end result: BTC's price will always go up. Now is the time to buy if you look at the recent tether dip and recovery.

I figured out the tether connection to BTC. This is how it works.

>significant increase in tether's price over $1 will result in immediate or delayed increase in BTC's price over at least 1 week
>significant decrease in tether's price below $1 will result in drop in BTC's price or sideways movement for at least 1 week

Explanation: Insiders change tether's price for their friends. If you know BTC's price is increasing, by increasing the price of tether over $1 you are making the tether more valuable and thus you can purchase more BTC with tether closer to $1.01, $1.02, etc. On the other hand, when insiders know BTC is going to dump they can lower the price of tether for their friends closer to $0.99 which means when they sell, they will actually get more tether than they would if it was stable at $1.00 and so they will be able to buy back more in the future.

The end result: BTC's price will always go up. Now is the time to buy if you look at the recent tether dip and recovery.

Seriously, which one of you faggots fell for this?

Do something

Fuck dude I guess Paypal and Square and Mass Mutual and Microstrategy and Grayscale don't have smart lawyers and don't understand tech at all.

I guess that CashApp will just have to remove all of it's Bitcoin infrastructure they spent millions investing into via engineering salaries and research. Same with Paypal.

Fuck I guess Circle and all of these other companies behind the scenes are just gonna shut down now. All of the developers will just go home and be poor forever.

Also Coinbase's IPO won't happen now. Damn guys Tether is about to literally collapse all of this institutional infrastructure worth trillions. There's absolutely no way that this is just FUD to get retail to sell. Our institutional friends would never do that to us.... oh well

How many normies are going to seethe on the 15th?

Tether marketcap = $24 billion
Bitcoin marketcap = $756 billion

Tether marketcap is 3% of Bitcoin. Meaning if Tether DISAPPEARED overnight and went to ZERO, Bitcoin would move -3%.

But Tether isn't just "propping up" Bitcoin. It's spread across the entire crypto market.

Crypto total market cap 1 TRILLION
If Tether's $24 billion was deleted. The entire market would move -2%.

Now fuck off with your Tether FUD you absolute mongrels.

Hey guys OP here,

Tether fud is dumb and in all likelyhood also gay. Let me explain.

> I'm a newfag and never heard the tether fud
You need to go back

> Tether is propping up Bitcorn
You do realize tether could prop up anything right? You could cash all of your tether out and buy gold with it. Or a house. Or anything... why buy Bitcoin? Don't tell me you can't cash it out either because you totally can cash millions out, if you don't know how then you're just inexperienced or dumb.

> Tether will cause a big crash and fud and stuff
Maybe, I don't fucking care, I will just buy more bitcoin because I'm not a fucking tranny. Just hold your coins retard, the government prints waaaaay more, they just don't have an official coin yet.

The real redpill here is that some people are smart enough to trade "easy money" (Anything that can be printed from thin air USD, USDT, USDC any fiat ever, etc) for "hard money" (bitcoin).

Don't let go of your golden ticket anon. If you fuck this up you will regret it forever and consider sudoku. Or sell and I'll buy idc.

Hi my name is Tether and I am printed out of thin air. In January I will be removed from coinbase ala XRP and Bitcoin is going to take a massive shit. Thanks.