/biz/ - Business & Finance

>>11404101
600 dollars

>>11404101
what happened? can I have a quick rundown?

>>11404101
https://www.youtube.com/watch?v=5l4OEJ38aLY

don't worry guys tether will just print more and everything will be okay again

>>11404141
>tether known scam for over a year
>people keep quiet
>retards believe
>tether ran out of banking options
>exitscam.exe

>>11404141
it's over, tether is finished

>>11404156
Even when its happening people are too dumb to recongnize it.

>>11404141

Bitcoin is pumping because people are fleeing tether into it. Expect a massive BTC dump within the next hour or so as people try to cash out into USD. Strap in, boys.

>>11404101
>>11404141
>>11404156
>>11404164

People are just switching over to TrueUSD

>>11404171
correct, just trying to figure out where/when to open my short

>>11404171
i fucking LOVE this shit

>>11404171
why would they want to though?

Are we witnessing Bitcoin history in the making

>>11404239
Because a tether collapse could fuck up exchanges

>>11404101
Out of the frying pan and into the fire

WHAT ARE PEOPLE ESCAPING TO??????????????????

THERE'S NO SOLUTIONS OUTSIDE OF ALTS

>>11404280
US dollar

>>11404280
BTC?

>>11404280
DAI

This was predicted a long time ago. If tether was to collapse you'll see alts and btc pump tremendously because people will try to get out tether into anything. After that they'll move to cash asap or another stable coin tanking all crypto currencies over night.

>>11404280
BTC

>>11404171
This

>>11404280
LINK

>>11404296

>implying that anyone will sell US dollars for BTC in a market where Tether is crashing... wew lad

This might be the biggest collapse ever

>>11404298
>>11404296
if tether implodes, the whole market will go down with it. DAI is the safest bet rn

all usdt exchanges soon:

>KuCoin USDT Deposits and Withdrawals Temporarily Closed

TETHER TAGGED 91 CENTS. THIS IS NOT A DRILL. IT'S HAPPENING.

>>11404280
TRTL /s

>>11404171
What will happen to the price on binance? Won't it go to infinity

>TUSD $1.10
w
e
w l a d

>>11404280

If you're not connected, or a mega whale, then you can't cash out to anything. Enjoy your tether bags.

>>11404101
Daily reminder that this whole tether episode was orchestrated by CZ. Watching Bitfinex struggle = more future customers for Binance

DONT FUCKING TRUST ANY OF THESE CHINKS /BIZ/

move into 1 sat coins like plura... can't go down

>>11404149
thats not how inflation works bro. you from venezuela or something?

>>11404280
if you hold tether you can still buy tusd for $1.1 or escape to btc. sure you can wait until tether costs like 50 cents, because "this is just another tether fud"

>>11404156
>>11404192
I switched to TUSD after I saw some convincing tether fud last week. good thing.

>>11404383
Tether is a trading pair on Binance

>>11404101
can't tell whether BTC or Tether has "died" the most times

>>11404398
tusd is 1.10 right now too it might get fucked just as hard

>>11404332

HitBTC also closed theirs, or alternatively, they're merely having some technical issues, like exchanges always do when shit gets real.

>>11404410
technical isdues or down for maintenance, meanwhile the exchange and whales can move their coins.

>>11404399
No shit brainlet. Which makes it easier to attack

ok so all panic aside, how low will tether get before you buy in? If it reaches 1 cent ill buy a stack. Maybe this is just a panic and it really is worth a dollar still.

>>11404318
trust me, nobody is bigger than your mom

you fear mongering cunts. if tether was collapsing, then BTC/USD would be dropping whilst BTC/USDT is increasing.

dump faggot.

>>11404423
Binance holds tons of Tether you fucking mong

>>11404408
I just swapped to monero to lock in my gains, it wont stay 1.10 forever.

Most of you are retards. I hope nobody goes to biz for financial advice, and just goes for the memes

>>11404429
which makes it easier to attack you absolute dumb cunt. Binance taking a loss here can scare the fuck out of ALL Bitfinex customers which is worth it in the long run. read some fucking game theory before you talk to me again

>>11404426
its all the bobos coping, quite sad really

last time tether hit .90 cents it was march 2017
we are entering the golden bull

HAPPENING THREAD: BTC OVER 7000 ON FINEXXXXXXXX

Thread theme https://www.youtube.com/watch?v=j7WMFSc4yIU

$6600 on coinbase, something very strange is going on

>>11404429
Can't wait for Binance renege on their "listing fee donations to charity" because of this Tether shit

FUCKEN DIE TETHER BIGGEST BTC MANIPULATION SINCE MT.GOX

Can people still withdraw on bitfinex?

>back over 7k
we doing it lads

that fucking music

HAHAHAHAHAHAHAHAHAHAHAHAHAHA

>>11404101

Glad I converted my Tether to BTC when tether hit 0.976/USD

IS BITCOIN PUMPING OR USDT CRASHING WTF IS GOING ON ANSWER ME AAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>11404501
Fuck I donno what to do brehs

>>11404482
Nope. It's over

>>11404501
bitcoin is pumping, then it's going to crash and we're all fucked

>>11404475
Arb bots are ignoring it because ((they)) know that USDT is worthless

>>11404501
Well the obvious answer is btc is pumping because of a lot of funds exiting ng tether

>>11404487
It's fucking perfect

>>11404501
Both. Just look at the BTC/USD pair.

>>11404514
Or there's a lot of selling pressure on coinbase because USD is the only safe place to be when the smoke clears

>>11404461
This. Tether isn’t crashing, big players are getting skin back in the game. Massive amounts of tether are being sold—money’s just coming off the sidelines. Enjoy the ride anons.

>>11404482

No, they're closed. All the major exchanges are having 'problems' right now, or have outright disabled withdrawals and deposits.

>>11404484

The premium is going up because the stablecoins are rapidly losing value. People who hold tether just lost 9% of their money, so they're cashing out rapidly into whatever's available.

But since the books for the 'good' coins are thin, the premiums are going up, up, up, and the value of tethers are going down, down, down. So you could buy bitcorns for 6000~ not too long ago, and tethers were worth 1~ dollar. Now bitcorn costs 7000+, with premiums on most exchanges, and tethers have lost 9+% of their purchasing power.

I don't think I need to give you a 101 for dummies explanation. This post should suffice.

>>11404156
just tell me this because it was an obvious shitshow, how could it be stable for so long?

>>11404101
Should i buy bros

US DOLLAR CRASHING
BITCOIN MOONING
FIATKEKS BTFO

>>11404430
lol wtf my exchange cant even keep up

>>11404540

Because crypto memelords don't trade based on rationality, and the market's more corrupt than an african banana republic.

People believed that tethers would hold their value, but now that it's clear they don't, everybody's cashing out in whatever they can get their hands on. Not even faggots who into crypto 'for the tech,' or are 10 year HODLers will sit through this episode.

>>11404540
They had banking so people could do arbitrage, sucking everyone else clean. This is where the losers become apparent.

>>11404550
probably the difference between weighted average and momentary price.

>>11404532
Definitely, if this is the tether implosion it will be all over soon. Somebody dumped 25-30m tether on finex because they know it's over, this is a fake pump

>>11404501
A little bit of both. USD pairs following, tether still within it's historical trading zone. Climbed up to 97 cents again already.

>>11404579
Anon, I....
https://cryptowat.ch/markets/kraken/usdt/usd/1h
https://www.binance.com/en/trade/pro/TUSD_USDT

>>11404422

Yes, welcome to a 100% rotten, corrupt market. I hope you enjoy your stay while the whales dumb their bags of tether on you, and escape with any available shitcoins, real money, and bitcoins that are still in circulation.

>>11404579
>>11404523

tahnk you

>>11404593
Go ahead and buy a stable coin at $1.09 if you're so certain

ALT TO USD TRADING HALTED ON BITTREX

>>11404425

Tether will go to 0. They'll be worth less than zimbabwe dollars, old pesos, and any other real life shitcoin that lost its 'stablecoin' status.

Holding tethers, for any reason, is financial suicide. Cash out into anything you can, no matter how trash it is. Even trading tethers for bitconnect would be smarter than holding the tethers themselves.

That's what I love about fk'ing crypto man... you can loose 90% over 90 days and become a billionaire in 90 seconds.

>>11404593
TUSD is being panic pumped. It'll settle down when the volume falls. The volume on the pair is usually extremely low so it responds to volume like this usually.

also this >>11404612
>>11404612
>>11404612

>>11404429

Binance also dumped 300 million tether into the 'treasury,' and made 100 million more disappear while no one was noticing.

The exchanges themselves know this is stupid. They're ditching their shit. Why aren't you?

>>11404616
Hallelujah!

>>11404617
what about all of the other "stable" shitcoins? I'd guess they're going to have a bad time just because all trust in stablecoins will be gone

>>11404577
Sure, but I wouldn't call it just a fake pump. It's desperation with no where for a lot of people to exit. Most never wanted to do the kyc on reliable exchanges and the only safe place right now is cash.

How do I profit from this right now?

>>11404617
im sure they still have some real dollars in a bank somewhere. Even real life banks keep 1 or 2 percent on hand for fractional reserve lending.

900 dollar premium

HOW CAN BTC TRADE WITHOUT TETHER ANYONE EXPLAIN ME

BTC USD IS A MEME... NO ONE WILL SELL BTC FOR USD IF THER'S NO STABLE COIN

I DON'T UNDERSTAND

6700 USD on coinbase

7400 USDT on binance

LMAO

Also btw Tone Vays is about to be liquidated lmao.

>>11404638

They're gonna take a hit, too. Any 'stablecoin' that doesn't actually hold the pegged value isn't a stablecoin at all, and confidence in it will disappear instantly.

People are pumping into trueUSD because exchanges like Binance ONLY allow you to change tethers for trueUSD or BTC right now, and BTC trading is thin, and super premium.

Like I've said, anything is better than tether right now.

>>11404652
cash out to fiat -> wait a couple days -> buy back in super cheap

>>11404652
Ride the wave until North America wakes up for their panic sell into BTC and then immediately sell before crypto crashes

>>11404612
It's 1.15 now.

>>11404662
>>11404124
1000

AHHHHHHHHHHHHHHHHHHHHHHH
https://www.binance.com/en/trade/TUSD_USDT
https://www.binance.com/en/trade/TUSD_USDT
https://www.binance.com/en/trade/TUSD_USDT
https://www.binance.com/en/trade/TUSD_USDT
IT'S OGRE

>>11404671
makes 1st trade of the year
gets liquidated in 12 hours

>>11404695
1100

$7550 on Binance !!!

>>11404671
lmao this is the best day ever.

>>11404656

If they did, the whales already cleared them out, so did the dark trading. If there was money or anything of value, not to mention stability, left somewhere in the system, BTC wouldn't have pumped to 7.4k, with 1100 dollar premiums, and trueUSD wouldn't be inching towards 1.21 dollars, while tether's heading towards .87.

This is a market panic, and you're seeing the beginnings of a bank run. If you're not cashing out right now, you're gonna be looking at financial suicide.

This is a once-in-a-lifetime happening, so enjoy it.

>>11404710
Coinbase pro touched 6800

WHAT IS THE RIGHT MOVE NOW IF I'M ALL IN ICX?
SHOULD I SELL FOR NON USDT PAIRED COIN?!

Everyone exit all crypto. It's literally ogre for us.

>>11404703
you cant make this shit up

Now watch when finance freezes withdrawals. People are going to get stuck and get fucking wrecked tomorrow when the US wakes up

>>11404719
So I should go to fiat?

what if btc doesnt crash after it all?

>>11404671
He's not. BitMEX still at 6650 becasue it weights from fiat exchanges. His liq is 7650

>>11404734

The right move was to not play, but it's too late for that. Mitigate the damage by ditching all your stablecoins, no matter what trash you're offered to swap for.

Your losses will be terrible either way, and the exchanges will bleed from this, as they were all built on the tether lie.

>>11404734
Get into cash asap, it's your only hope to mitigate losses. Any shitcoins will be slaughter come tomorrow.

TETHER IS 90 CENTS HOLY FUCK IT NEVER BEEN BELOW 98 WHAT THE FUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUCK

>>11404501

Both at the same time. BTC is pumping but USDT is pumping even more.

>>11404765

It's at 7700, with 1300 dollar premiums. I know you guys think bigger numbers are better, but they're not when no one except special snowflake whales and the exchanges themselves can get the premium coins.

A bit like african shit nations.

The premium values will tank once tether and other stablecoins twist themselves a bit more. Eventually the whole market will snap, and you'll see an instant flashcrash.

>>11404101
THIS IS IT, THIS IS FINALLY THE END OF THE TETHER PONZI BABY!!!!!
TUSD

everyone should take a look at this. just for education purposes

https://coinmarketcap.com/currencies/tether/

Tether at 0.88 cent JESUS
IT"S OVER

Get out while you can

>>11404816
thank you

Look at the USDT market cap FUCKING NOSE DIVE SUICIDE OFF THE CLIFF

Is there a live chart for tehter somewhere

Sub 90 confirmed.

The end times have come.

>>11404821
>>11404777
You do realize that the reason tether is crashing is because whales are selling massive amounts for alts, right? If people were cashing their tether out all USD pairs would be crashing right now. No one is going to "wait until tomorrow" to do that shit.

anybody who isnt going into teather right now is an idiot who doesnt know how to take advantage of situations

>cant log in to binance

>>11404840
>>11404593

Haha bitfinxe'd was right this whole time. Everyone hated on him because he sold at like $1500 and claimed he was salty.

imagine waking up to all your sell orders being filled and holding a fat bag of tether

>>11404850
USDT is crashing for TUSD https://www.binance.com/en/trade/TUSD_USDT
https://trade.kraken.com/markets/kraken/usdt/usd/5m

>>11404384
that's what they said about TRTL and now it's like 0.5 sat or something lol

>>11404850
you're correct, but you have to go somewhere before fiat - can't go USDT -> USD so.....

>my biggest profit ever with btc
>just recovering ALL my losses
>right when disaster is coming, and everyone is in panic mode
fuck my life.

Oh boi...

>>11404858
This is what I did, this massive FUD made me tether at 7400

WILL SOMEONE CLEARLY EXPLAIN THE TETHER FUD?? THIS IS JUST A BULLRUN YOU FUCCKING CUNTS.

OF COURSE PEOPLE ARE BAILING ON USDT. WHATS THE FUD? EXPLAIN DAMMIT

>>11404734

FUCKING HOLD IT.

don't sell your ICX, u might be down in btc but ur still up in usd no matter whats happening to usdt

trust me, it'll bounce to 1250 or if it gets more momentum to 2k.

not even joking

>>11404871
Imagine actually trading on bitfinex after so much undenied fud for a year straight. They deserve this.

binance google authenticator not working...wtf

>>11404876
TUSD volume is miniscule compared to the USDT. Not a factor at all.

Anyone with a brain look at the MARKET CAP ONLY of USDT and TUSD compared. bye bye USDT

Binance and HitBTC are both 'crashing.'.

>>11404890
uh oh

IT JUST HIT 1.25 TO TUSD
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
THIS IS WORSE THAN GOX
HOLY SHIT WE'RE SO FUCKED

>>11404889
if bitfinex goes down, tether goes down, if tether goes down binance goes down, if binance goes down we're all fucked. use your brain you fucking incel

>>11404880
No but you can go USDT -> EOS -> Bitfinex -> USD, which would take all of 5 minutes.

https://smartereum.com/37475/bitfinex-update-unexplained-exchange-of-bitcoin-btc-and-tether-usdt-on-bitfinex-raises-concerns-tether-news-today/

The writing has been on the walls for a while and the last few days the fud has been turned up

>>11404907
Why the fuck would you trade on any of these exchanges you fucking inbred? I don't lose at all here I trade with real fiat, not tokens.

>>11404890

The emergency lever labeled FUCK YOU! I GOT MINE! has been pulled.

Hope you enjoy holding literally worthless stablecoins, because you're gonna be stuck with them.

>>11404907
A-at least we can scoop up some cheap crypto.

half a mil buy order just popped out on kraken at 0.9USDT.

>>11404868
He is still wrong. How does a panic event show any truth? Will be back up to 1 USDT range. And bitfinexed will still be salty.

>>11404893
Look at any USDT/USD market, there is a massive premium in favor of USD or TUSD. All USDT pairs are trading at a heavy premium

>>11404101
https://twitter.com/KuCoinUpdates/status/1051717080540737536
what did they mean by this

>>11404885
A thousand dollar premium is not a bullrun man, it's people fleeing tether. Not even during the hardest tether fud did we see something like this.

FUCK I HAD A LIMIT SELL ORDER EXECUTE AND NOW 25 PERCENT OF MY FUNDS ARE IN USDT WAT DO WAR DO

>>11404765

Then everyone in this thread will kill themselves. This is btw the most likely scenario, so say your good byes to this donks.

>2FA verification error

I am the luckiest nigger to ever fucking live, I've had Tether waiting on Binace for 2 weeks and today i decided to trade it for bitcoin. 5 hours later tether is imploding.

Tether's hit 0.87 on bitrex.

This is gonna get very bloody very quickly.

Goys, Tether is bouncing back.

>tfw only invested in bitcoin because of the tether fake money pump scam
>tfw never touched tether and safely made tons of money on gemini
>tfw still making money now that tether is imploding

>>11404311
unironically this

>>11404947
Dipped to .91 in march. Sitting at .96 on cmc now (aggregate). And no, tusd isn't the same thing as usd.

I CANT LOGIN TO BINANCE REEEEEEEEEE

>>11404800

Or it just stays up and defies logic, like bitcoin likes to do. You'll kill yourself at that point though.

>>11404932
Within one hour, a significantly high number of transactions started from Bitfinex wallet with Bittrex serving as an intermediary wallet. Some other exchanges like Huobi have also had an influx of Tether. It is still not clear where the Bitcoin is being sent to but there have been rumors about Bitfinex going bankrupt that may have contributed to the fluctuations. After the exchange was ditched by HSBC, it’s possible that it is now having banking issues.

just hit 1.25 to tusd on binance
hold me bros
i really hoped to make it, but now its all over

Kucoin down for maintenance.
Binance 2FA broken.
Bitrex suffering rapid bleed-out, but it's still up.
HitBTC down.
Bitfinex unresponsive.

>>11404968
Obviously it is. Do you even understand how money bitfinex is making of Tether fees alone? They will never let it go down. And they will make a fortune from retarded panic sellers today.

Tether is a gold mine and sustains itself with fees.

>>11404908
Right, that's what I'm saying - we're saying the same thing that dumping USDT will create an artificial pump on BTC/ALTS while whales transition then create a dump when they go USD from their middleman coin

im here for the memes and i know nothing of crypto
could anyone explain to me why everyone is panic?

>tfw bitfinexed turns out to be right

>>11404980
Is tether actually imploding?

>>11404955
GODDAMMID GUYS HELP ME DO I SELL OR HOLD MY TETHER??! IS IT GONNA PUMP BACK UP

>>11404979
Banking issues was the reason bitfinex avoided audit in the first place. But don't worry...there will be another bank soon.

KuCoin up again and Binance 2FA works just fine

>>11405020
not sure, but honestly I haven't fucked with USDT since I learned about TUSD. Not worth the risk IMO

If tether does implode do you guys think it'll drag bitcoin down with it? It'd be like billions of dollars leaving the market all at once and there's just not enough real USD to support BTC at this level.

Someone give me a quick rundown

I just logged onto Poloniex and for some reason my 11k USDT is not worth 11k USD anymore lmao

>>11404261

Exchanges don't owe you shit. They don't guarantee shit. It's those behind Tether that do but not Kraken or Binance.

>>11405017
BTC = 6500 USD on spot exchanges
BTC = 7200 USDT on Tether exchanges
You decide

>>11405017
no last time tether dipped to 90 cents they printed 10 billion more and we hit 20k bitcoin

>>11405030
Jump ship at once

>>11405017
tusd is not usd.

>>11405008
a coin that is supposed to always be worth $1 usd is now worth $0.85
every exchange other than US based ones are using it to trade crypto
this is fucking horrible
>>11405017
1.2078 last trade on usdt/tusd pair
i'm scared

>>11405030
Its all coming down
The scam is over

>>11405028
t. brainlet

>>11405030
GTFO ASAP

>>11405045
why is it worth $0.85 now? people suddenly lost confidence in it?

>>11405008

Tether has lost value very rapidly, forcing people to either deal with a straight up % loss of their stash, or do a run on whatever's available.

Since wealth is the way it is in crypto, whales anad exchanges are allowed to tap the altcoins, the bitcoins, and real money, while everybody else is in panic to sell, sell, sell their shit.

All of this is adding a huge premium to BTC, and the value of it's skyrocketed due to how thin the supply is. Since the fake dollars, like tether, have lost a % of their purchasing power, and bitcoin has gone up thousands of dollars, your tethers now buy you almost no bitcoins, and they're losing value fast.

It's like any other bank run.

>>11404487
this

I'M SO FUCKING AMPED RIGHT NOW

tether dipped to 51 cents on poloniex
but it bounced back
nothing to worry about

>>11405030
lmao

>>11405038

People were willing to grab them then. Now they don't want them, and exchanges have forced Bitfinex to take back tethers.

This isn't like 'last time.' Confidence in the scam coin is completely shattered, even for HODL whales. Everybody wants out, and them printing more tethers would have the same effect as Zimbabwe printing more ZSD when the value of their bills tanked.

>>11405069
>51 cents
Jesus christ

>>11405030

Remember that if you are a US citizen you are forbidden to own Tether. From their own terms of service:

>Furthermore, residents of certain U.S. states are not permitted to be customers of Tether; are not permitted to cause Tethers to be issued or redeemed; and, are not permitted to hold Tether Tokens.
>
>Beginning on January 1, 2018, Tether Tokens will no longer be issued to U.S. Persons.

Don't be fooled by the word "certain". They also state that they will try to weasel out of redeeming USDT for any legal reason (see the quote below). An easy excuse would be that they suspect you are funding terrorism. You also have to be a "fully verified customer" in order to even try redeeming USD (I don't know whatever that actually entails for a non-US citizen).

>Absent a reasonable legal justification not to redeem Tether Tokens, and provided that you are a fully verified customer of Tether, your Tether Tokens are freely redeemable.

Copied directly from the source: https://tether.to/legal/

If these two quotes aren't the biggest red flags for avoiding Tether like the plague I don't know what more you want.

>>11405055
fuck if I know, but its mostly governed by bitfinex, largest chink exchange, so its either a massive organized fud, which I doubt or bitfinex is actually exitscamming

>>11405030
People are leaving tether at a loss and buying btc/shitcoins/stable coins at a premium

WHOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOAAAAAAAAAAAAAAAAAAAA
YEAH

>>11405074
>1.3 million dollars volume

>>11405082
Nobody has ever redeemed tether for usd.

>brainlets think it's the beginning of a bullrun

>>11404617
>Holding tethers, for any reason, is financial suicide. Cash out into anything you can, no matter how trash it is. Even trading tethers for bitconnect would be smarter than holding the tethers themselves.
what happens if it goes to 0?
should I cash out to fiat?

OK. IM CONVINCED. ITS NOT A BULL RUN. WHAT THE FUCK DOES ALL THIS MEAN.

>>11405079
Lmao like 4 buy orders between 0.50 and 0.90
But maybe it's all wrong and some guy got really lucky for buying at 50%

>>11405056
So for now crypto is going to skyrocket on all tether pairing and it's going up steady on USD pairings. How do you see this playing out in the long term if say tether is shown to not have the proper backing?

>>11405104
Crypto's dead m8
For real this time
Its over

>>11405082
ARE YOU GAY? REALLY. ITS FUCKING CRYPTO YOU DIP SHIT. ANY US CITIZEN WITH A INTERNET CONNECTION CAN BUY IT YOU BLUE RIBBON CRAP HEAD

>>11405104
Means you should have done some research before you went balls deep into shit you never understood.

pls be nothing
pls just be nothing
i don't want to die in this shithole
god please

>>11405107
This but unironically.

>>11405098

If it goes to 0, then you've lost 100% of all your money. Only a fool would not cash out to real money if he had the option.

>>11404673
should I buy Dai?

>>11405106
Tether becoming insolvent will cause a bank run and probably a big dump

>>11404973
Not even the same circumstances.

It's funny how you people keep making up excuses when you are actually watching the start of a massive crash. I can only imagine how heavy those bags really are.

>>11405124
I don't have USDT right now, just BTC and alts.

>>11405122

This tether fud shit resurfaces every couple of months and fuck all ever comes of it. Exchanges will not let tether fail. I only hold alts right now in cold storage but if I did have anything on an exchange with usdt I would be buying it. Just scared of the incoming dump shitting on alts even more

>>11404101
stop with the fud OP this will fix itself. What is happening here is the Japanese stock market is down, people are hedging before American market wakes up and stocks go down also. People are using tether to buy , in droves , and this is causing a price disparity. There is an actual cause and effect here and if you think a bit youlll find that I’m correct. ones. Good time to tether up it’s at a premium it’s a smart move for those willing to do it.

>>11405096
>>11405112
It makes matters worse that USDT isn't actually backed by anything but it's irrelevant regardless.

Even if some dudes had successfully redeemed their USDT that doesn't change the fact that their own ToS have two huge red flags in it. Tether is a scam.

https://www.bloomberg.com/news/articles/2018-10-15/dollar-peg-that-underpins-20-of-crypto-trades-is-under-pressure?utm_source=twitter&utm_content=crypto&utm_medium=social&utm_campaign=socialflow-organic

>>11404430
You are right, its 1.19 now

>>11405107
WRONG ANSWER ALSO. CAN SOMEONE THAT IS NOT A BRAINLET ANSWER.

IS TETHER OVER?

PROOF?

What will I see when I wake up in eight hours?

>>11404860
thx

>>11405134
But most tether fud doesnt have a sudden drop to below 90 cents

>>11405130
It'll be exactly the same in a month.

>>11405142

>>11404626
That's what I hate about crypto, you have to sit and stare at the charts because if you aren't in the right place at the right time within 5 minutes, you already missed any gains.

>>11405098
If USDT goes to 0 the market will take such a huge dump you wouldn't have anything to cash out

>>11405142
10k BTC

>>11405106

Tether doesn't have the proper backing, nor does trueUSD. If they did, we'd not be in this situation.

I see this ending very, very badly for average Joe the 4chan trader, the redditors, and even the 'early adopters,' while oldfags and whales have a shot at escaping with lower losses, but they're still gonna be hurting.

The trust and confidence in crypto will be shattered, and people will be asking why they were tricked into putting their decentralized internet money on centralized internet banks, that not only print fake-fake money, but practice all the bad things crypto was meant to avoid in the first place, like fractional reserve banking, haircuts, stripping you of control of your funds, printing money to debase the value of your wealth, and etc.

It's not looking so good.

>>11405139
No you idiots look at bitcoin right now it’s skyrocketing. This is why tether is doing what it’s doing. I’ve held tethe r for over two years and this happens, the next couple of eeeks will be wild because of actual stock market . This is market reacting to imminent stocks lower on wall street in a few hours and people are parking money in crypto.

>>11405112
anybody can buy it, just like anybody can buy heroin. as is the case with illegal purcahses if the government finds out they will confiscate it and you'll potentially face jail time.

>>11405140
No, it’s fine. See my previous posts I’m not lying.

>>11405187
Do you really think people would ever exchange equity for crypto, an even riskier asset class. Makes zero sense

>>11405187
Ok, so explain why USDT pairs are at a premium vs USD. For example BTC is over 7k on bitfinex while 6400 on GDAX. Why is that? Isn't that a great arb opportunity, assuming tether is solvent?

>>11405187
This. Bitfinex needs to print more USDT to keep up with the demand.

>>11404101
https://www.youtube.com/watch?v=hyrjE4sbaCg

>>11405142

>>11405150
they've been planting tether fud stories in the media all week. then this happens. pretty neat.

What if Finex is spreading the FUD so they can buy back Tether cheaper than the dollars backing it so they cut the supply and don't have to cash people out and make an easy 20%

>>11405165
10K USDT, you mean

WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL WELL

>>11405195
you're gay as fuck my friend. literally BULL SHIT. there are zero active laws. crypto is the wild west. Are you just going to hand over your private keys and say, "yes officer is was me, here's all my USDT and here is my private keys and its all there on the blockchain"

you fucking IDIOT

>>11405176
I agree that public outlook of crypto will be hurt by this. However, I don't think that tether will destroy the future of crypto do you?

>>11405202
Of course they would , that money is exiting the stock market and people don’t trust bonds which means they don’t trust the dollar. Gold is also moving right now. Hold on to your horses this will be a wild ride. Hope you bought that btc

>>11405214
Tether fud happens causing a huge dump and then re entry and exchanges make a killing off fees.fucking kikes seriously

WE GOING UP
HAPPENING CANCELLED
FUCK YOU HAPPENING FAGS

>>11404932

This. You can taste the salt through your monitor.

>>11405176
>people will be asking why they were tricked into putting their decentralized internet money on centralized internet banks
Riiiight cause after MtGox no one has been putting their money into centralized exchange

>>11405236
this but ironically

>>11405228
You are delusional to think that people will flee a floundering equity market and park their money in an even riskier asset class that money goes straight into precious metals or the bank

>>11405187
genuinely retarded post

>>11405206
because usd is settled differently than usdt. Tether corrects only after some time , but USD (assume you mean the other stable coin) does it via an algorithm so it’s faster. They will reach parity soon and you can play this like an arbitrage move if you want.

>>11405249
there was all kinds of talk about decentralized exchanges and this never happening again lol

>>11405256
No he means actual USD

its back to 1.09 for now
please just go back 1
please

TrueUSD has soared into the realms of non-viability already.

For those who don't understand why TUSD is such a hot thing right now, it's because exchanges like HitBTC and Binance only allow tether to be traded for BTC or TUSD. Either you pay the huge premiums and wait forever, or you change one 'stablecoin' into another 'stablecoin.'

You're fucked either way.

Some people in this thread also don't understand that you're trading in stuff at a huge loss right now. Tether's worth nothing, TUSD is very expensive. You've lost 28-49% of the purchasing power your tethers had less than an hour ago, and you're paying 18-37% more than what TUSD used to cost an hour ago.

Do the math on your gainz, then post your wojacks.

Hope everyone who bought tusd at 1.20 learned a lesson.

>>11405206
Yes but arbitrage won’t last it’s getting fixed as we speak, this is happening right this moment , the Japanese market is going bonkers (the real stock market)

>tether already going up

yes, the good guys won

>>11404667
Coinbase doesn’t use Tether. It uses USD. Why does tether need to exist?

>>11405268
Only other play is to buy alts with btc and take the gamble that we do not have a run for fiat from btc.

>>11405253
Kimdotcom agrees . (Don’t worry I think he’s full of shit most of the time) . And yes I agree with you that this is not something we should expect to last in any permanent way, but as long as market is wild crypto is safer than equity right now yes

okay anons, i come to you in a time of need. if btc is worth 7k on binance and i send it to cb where it's only worth 6500 am i losing 500 right off the bat as i try to transfer this in usd?

>>11405268

>>11405287
Would like to add that it'll be shaky for a few weeks, but should generally trend up. Check cmc if you wanna look at the historic prices.

>>11405249

It took almost 4 years for people to regain some kind of confidence after GOX. This is far worse than GOX, and will hurt crypto immensely in the eyes of even the bagholders and basic bitch pajeets.

Without dumb money entering the system, you can't offload your shitcoins, thus you'll all be sitting on bags, and the market will become inert. It's gonna be a bad, bad turn, regardless of what happens.

>>11405227

Depends on how the community as a whole responds after this obvious greed worship.

>>11405265
Oh okay well in that case it’s because tether is just slower, it’ll get sorted out in some hours , and in the meantime there are arbitrage opportunities

>>11405299
Yeah

>>11404171
2000000000000000 IQ

>>11405288

Coinbase is only for burgers... can't into USD in Canada or anywhere else in the world

>>11404482

No. Think I’m lying? Try it. Thank god I only have $1.5K in there. The rest is on Coinbase.

>>11404461
I sure fucking hope so.

How is this not good news? Bitcoin is up.

>>11405301
coss is causing the tethering? wtf?

>>11405330
enjoy it while it last

Aparently the tether dump is caused by rumors that Binance is going to be dislisting all USDT pairs. Anyone have anymore info on this?

>>11405330
Only on Tethered exchanges, which says a lot.

>>11405349
binance is fully supporting tether based off of their latest tweet, but that doesnt stop whales from exitingall of crypto

>>11405349
Big if true. Whats the source of your rumours?

Actual USD pairs seem to have stabilized around 6.5k, but USDT pairs are rising, as are the premiums.

Actual NPCs on other communities don't understand why this is a problem, or what it means. They got into 'trading,' but have no idea what's going on, or how things operate.

These dumb motherfuckers are the average Joe traders who'll suffer the biggest losses from this. I do feel slightly sorry for them. They can't help that they're too retarded to understand that there's a difference between USD and USDT, what a premium is, or how losing 40% of your 'stablecoin' purchasing power is really awful.

>>11405351
Wrong: coinbase pumped too

im gonna 100x long Tether

call me a millionaire god in a few hours

>>11405368
Which is mostly retards seeing a price rise but not understanding it. Coinbase is normie central so they are going to try arbitrage and JUST themselves.

>>11405330
People are gtfo tether you idiot

>>11405324
I'm in EU and we can use Coinbase without any issues.

>>11405375
Shoulda done it 45 minutes ago.

If stock market crashes too it will be spectacular kickoff for the incoming crisis.

>>11405330
>Bitcoin is up
>Therefore everything should be ok

If we forget the part where Bitcoin is out of FUCKING LIQUIDITY then yes, you are 100% ok.

>>11405364
It was apart of a post made on plebbit, he doesn't have a source but I'm still looking around. However there is no recent tweet
like >>11405360 said.

>>11405401
Not to mention that it would be the ultimate FUD for people who think crypto is an escape from the financial system.

>>11405405
>out of liquidity
People buy green candles, you act like there is some kind of magical sideline money waiting to pounce in tether. The real money is in new money which is happening right now.
Normies are getting burned on robinhood on all their tech stocks.

>>11405422
Binance delisting Tether sounds like pretty good reason for Tether kicking the bucket. I want to believe.

>>11405272
USDJPY under 112

>>11405304
God I can only hope that's the case. I'd kill for a guaranteed multi-year bear market.

>>11405457
>multi-year bear market
Why multi? All we need is a few months.

>>11405422
are you blind? https://twitter.com/Binance_Info/status/1051722486545448960
ofc binance has to back tether though cause if tether goes down they go down with it

>>11405430
Crypto will tank along the stocks, but only for the first few months. After that, cryptos will rise, only to be overtaken by stocks again in 2 or 3 years. Screencap this.

I have to wake up in four hours to wagecuck. I hold btc, xmr, & ada. Somebody please tell me what the next year holds for me.

Bitcoins 5 minute chart now looks like the weekly chart from December kek

>>11405470
Typical. You show them proof they're wrong, they see that as a proof of a conspiracy...

so are you guys just taking the hit on btc/ltc/eth and trading back to coinbase then cash? trying to figure out where to put this shit before I go to bed.

>>11405444
It would make perfect sense aswell. The majority of tethers volume right now comes from Binance so there may be somthing going on. Also what good would a USD be if you couldn't spend it on every exchange. People may see this as the first step to USDT becoming less and less used.

>>11405470
I must be. I didn't look at their info account.

Bump limit reached
>>11405506

>>11405491
>After that, cryptos will rise, only to be overtaken by stocks again in 2 or 3 years. Screencap this.

1 year is 10 years in the world of crypto. You give crypt 3 years to be dominant and people will be refusing normal jobs so they can go pro on candy crush, while posting pictures of food on 10 different steemit clones..

It's happening

>>11405381
This

AaaaaaAA whats gonna happen biz?

>>11405492
if ADA delivers. your gold

>>11405253
>that money goes straight into precious metals or the bank

Why would they trust the banks after 2008? Thats even riskier than dumping it into bitcoin.

>>11404192
>People are just switching over to TrueUSD
You can instantly switch to that one without someone buying your tether.

>>11405516

depends on your plan, either hodl, ship to fiat or put into another stablecoin (like DAI).

i'm holding 80% took 10% out as fiat and 10% into stablecoin.

>be 100% is link
Man it sure is comfy rn

>>11404166
It happened in april and june too. since then, tether has more times been over $1 than under. $1.03 EOW

https://twitter.com/bitfinex/status/1051750465782906880
And it was just FUD, hope you didn't market sell those precious Tethers for USD

>>11404384
>can't go down

how about... you're not able to sell your bags to anyone else

>>11404858
I'm in theater and nothing's happening. Give me back my money, faggot.

Tether implosion = Golden Bullrun