/biz/ - Business & Finance

https://www.livecoinwatch.com/price/Bitcoin-BTC

USDT Premium is now around $600 per BTC on FTX (they deal in both USD and USDT pairs). It was hovering around $300 all day until that little drop.

Once the dam breaks you're going to see BTC moon in USDT and crash in USD and the hole gets bigger. NYAG communication to the court in regards to their Tether investigation is due shortly, they are getting their money out of you guys while they still can. That little Coinbase "server maintenance" will be the first of many (especially on the off shore side)

They dont have the liquidity to support their massive printing do they?

Whats keeping this alive?

Does it crash the whole market?

Remember when Tether FUD was gonna destroy bitcoin last week?

Now double spend fud destroyed us IN A DAY

THEY CANT KEEP GETTING AWAY WITH IT

/biz family I need your help.

I have approx 95K in tether.

When is the time to buy back? I wanted to see btc dump to 30K to buy back but these dips are being eaten fast.

please genuine advice only to help a fellow biz anon out

SOMETHING WAS SUPPOSED TO HAPPEN WHY DIDN'T EVERYTHING CRASH
REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

Imagine billions of dollars of tether suddenly becomes worthless. Everyone holding tether will dump it... wait for it... for Bitcoin retards. Their simply isn’t enough supply in other stable coins to swap, whales will be forced to sell their usdt for other crypto currency’s. This will be the greatest happening to the crypto market.

Do you honestly believe these pieces of shit hold over $6.36 BILLION USD in reserves to back every tether coin in circulation?

This is literally fractional reserve banking except in the case of a bank run, Binance and the other exchanges will shutdown and who knows what they will do with your assets?

You technically don’t even own them.

This is the doomsday scenario for crypto and it’s going to happen.

IS THIS A TRAP OR BULLISH|? just seE WHALE ALERT WTF IS GOING ON

Why does everybody think tether printing money for whales is a bad thing? Sure, it increases the mcap of tether. However, this means more money coming in to crypto markets.

Think about it, whales are simply exchanging dollars for usdt. Then they will use it to buy whichever crypto they prefer.

So, whats difference does it make how that money came in to crypto? We sill have the same amount of btc so when they use the usdt to buy bitcoin price will increase the same.

I don’t mind tether making millions if it means more money coming in to market and mcap increasing, even id I know those bastards are running what most you call a scam.

They win big, I win smaller

>8 hours ago they printed (another) $100M
>BTC value skyrockets to nearly $12k

>now they have $2.7M in tether left
>BTC dropping rapidly down towards $10k

That's $10M per hour pumped into BTC to keep it afloat.

How can anyone defend this shit? IRON HANDS memes aside?

ANYONE WHO WAS AGAINST THE PRINTING OF TETHERS. FUCK YOU.

Shout it with me! "PRINT MORE TETHER"