/biz/ - Business & Finance

>>12205254
Guess what nigger, crypto is a scam.
Now what? They don't tell you that on twitter to they.

Just use another stable coin.

At any rate, this is FUD just get people to cointinue holding a rapidly depreciately asset (i.e. crypto).

>>12205254
There are 'two' Deltec banks in the Bahamas, a legit one and one operating without licenses. They were using the unlicensed one.

But yes, I battled shills about this here a little while ago.
>>12120229

>>12205259
It didn't start off that way, but that's what it has become, essentially. It's sad.

>>12205295
Should also point out, I was wrong about regulatory pressure keeping them from printing more Tether. They obviously did, or we'd be well under 100 billion total mcap now.

>>12205254
Big if true...
1.5k here we come

B-b-but, anon Bloomberg said they have seen the statements!
>from 2017... Reports now, end of 2018.
Top KEK
Made you guys FOMO into this relief rally

>>12205295
How mad are you that they're going to gradually swap their tethers for regulated tokens and get away with it? Completely free. You must be seathing.

>>12205313
>Bloomberg said they have seen the statements!
https://www.bloomberg.com/news/articles/2018-06-13/professor-who-rang-vix-alarm-says-tether-used-to-boost-bitcoin
https://www.bloomberg.com/news/articles/2018-11-20/bitcoin-rigging-criminal-probe-is-said-to-focus-on-tie-to-tether

>>12205338
[citation_needed]

>>12205338
Why do you think Bakkt and the eyf's are being pushed back? They absolutely know the best time to get in. Guess what the catalyst of that will be.

>>12205356
It's already happening. The Bloomberg article was the signal that they're getting off. And BTW everyone knows that this is some weird blackmail/revenge operation, no one believes this obsessive shit is some noble crusade.

>>12205382
>someone casts valid doubt on tethers credibility
>It is a crusade

God, look at the time. Retards and bagholders all day long.

>>12205254
This guy is such a retard holy shit
The Bahamas central bank reports reserves in BAHAMAS dollars.
Tether has account in US dollars, they are completely separate

>>12205382
This is a good example for all to see of shilling: I asked for something very specific, a citation, a source, something specific to back up a specific claim he made, and he's being diversionary.

This is what dishonest people do when they are arguing.

>>12205430
The article says that much, desu.

>>12205568
>This is a good example for all to see of shilling
Wut. The first fucking thing I said was it's a scam you illiterate retard.
It's a scam.
You're some butthurt asshole who at some point swore "I'll make you pay for [me buying the top]"
You will never make them pay, ever.
Get fucked.

>>12205575
Read the screenshot, it's bank's net foreign assets, not banks', but he interprets it as a banks'.
Fud designed to trap non native English speakers

>>12205254
who cares tho?

>>12205602
If you aren't going to link something, anything at all, that backs up what you say,
>>12205338
>they're going to gradually swap their tethers for regulated tokens

Then we don't need to hear anything else from you.

>>12205430
Also, this is particularly funny, screencap from the article OP linked. I love arguing with shills, they are an endless source of amusement.

>>12205631
dude, this file cannot be found on tether page anymore, KEK
Yet screenshot is original, see other sites

>>12205652
>that backs up what you say

Answer this: if the price of Tether collapsed 80% tomorrow, how would you feel?
Elated?
Erect?
Would you feel bad for the people caught holding?
Would you fuck.

It's obvious to everyone with a room temp IQ that you have a blatant selfish agenda driven by some personal revenge.
The only difference is people will call you out here, unlike your curated twitter hugbox.

Bitfinex has the same management team as Tether Ltd., a Hong Kong-based company that created the namesake cryptocurrency. When new coins come to market, they’re mostly released on Bitfinex.

Some traders -- as well as academics -- have alleged that these Tethers are used to buy Bitcoin at crucial moments when the value of the more ubiquitous digital token dips. JL van der Velde, the chief executive officer of Tether Ltd. and Bitfinex, has previously rejected such claims.

Bitfinex’s general counsel, as well as outside lawyers for the exchange and Tether Ltd., didn’t respond to phone calls and emails seeking comment.

>>12205734
https://walletinvestor.com/converter/shilling/tether/1
>1 Shilling = 0.007677 Tether (USDT)

The human value of the shills in this thread is less than 1% of a fake coin of American fiat. See? I even provided a source!

>>12205888
https://www.bloomberg.com/news/articles/2018-11-20/bitcoin-rigging-criminal-probe-is-said-to-focus-on-tie-to-tether

>>12205909
>>12205340
(ID: 1IGHyAOF)

I don't use tether and never will. Kys.

bump for Eretz /biz/rael

bump

I've been researching Tether since I quit trading earlier this year. AMA.

>>12207927
where is da money?

>>12205254
A reminder that you're retarded if you think Tether is any more of a scam than banks and you're even more retarded if you think Tether is ever going to crash.

>>12208308
Bitfinex's cold wallet. That's all that's backing Tether.

>>12208326
I'd say you're retarded then, because Tether recently crashed to ~$0.90, and much lower at certain exchanges.

>>12208414
>crashed to ~$0.90
Imagine being this clueless

>>12208326
You are even more retarded to think institutionals are going to touch BTC or crypto in general knowing the price is being controlled by some Taiwanese funny money printer company whose funds are backed by Bahamian dollars. You dont really think their risk departments aren't aware of this generalized scam operation, don't you? Because that would be hilarious.

>>12208451
Institutions are already in crypto you absolute retard. They're what caused the 2017 pump. What are you so afraid of anyways?

>>12208443
Oh. I guess shills are just going to start telling bold faced lies now. Okay, well, we can deal with that too.

https://coinmarketcap.com/currencies/tether/historical-data/?start=20180923&end=20181223

ctrl-f 'Oct 15'. Even a site as heavily manipulated as Coinmarketcap shows a low of 0.92.

And here's a news article about it too, just for good measure.

https://www.coindesk.com/price-of-tether-stablecoin-tanks-to-18-month-low

>>12208503
I didn't say it never went down you illiterate low IQ fuck. I made quite a nice profit that day. Stable coins aren't guaranteed to be stable. The fact that it went back to $1 disproves your entire idiotic narrative.

>>12208485
Ehm, no. It was tether. In fact there is a paper around which demonstrates the correlation between tether printer and Bitcoin bull runs.

2017 was a complete farse and each and every single 2018 mini rally is no different.

Afraid? I'm not lol, on the other hand you actually seem afraid and you should be. Tether situation will only get worse and worse until it explodes eventually. Personally idgaf

>>12208541
>Stable coins aren't guaranteed to be stable
>you illiterate low IQ fuck

>>12208414
so tether is backed by crypto?

>>12208560
>the absolute state of bottom sellers
Keep telling yourself that bitfinexed.

>>12208485
>They're what caused the 2017 pump
https://www.bloomberg.com/news/articles/2018-06-13/professor-who-rang-vix-alarm-says-tether-used-to-boost-bitcoin

Myth busted. But then again, you know this too, you just don't want others to know.

>>12208591
Bottom? BTC is not even close to the bottom.

>>12208605
>(((bloomberg)))
imagine actually getting your financial advice from a bunch of institutional kikes. No wonder you sold at $500

>>12208583
Yeah. But not 1:1, and technically not even funds Tether owns, it's their customers' money.

Technically, it's much lower still than whatever the value of the cold wallets are, because they'd be limited by liquidity if they needed to actually use the funds for their legal purpose. Which of course is illegal.

>>12208616
http://investinginchinesestocks.blogspot.com/2018/06/did-fractional-reserve-lending-of.html

Look at it on a Chinese site then if you feel threatened by Jews. They reference the same study by Griffin from UofT@A.

>>12208621
>does what every bank does in the world
>i-it's a scam guys! take your money out of crypto ASAP before it crashes!
>I hear high interest savings accounts pay well

>>12208664
>Chinese site
Literally the Jews of Asia and they're just regurgitating the same story you fucking retard.

>>12208677
Uh oh, you got me, I just got BTFO.
https://en.wikipedia.org/wiki/Kaifeng_Jews

IT ALL MAKES SENSE NOW

This is indisputable evidence that Tether is 100% backed by US dollars, order spoofing isn't the basis for every upward Bitcoin price movement of more than $200 and you aren't being paid to defend Tether's reputation on major public forums. The secret was Chinese Jewry all along! I feel like such a retard now.

>>12205295
Chinks ruin everything. Tmyk

>>12208961
>This is indisputable evidence that Tether is 100% backed by US dollars
It's obviously not. Why should I care? The billions of dollars worth of crypto currently stored in Tether don't, so I'd say my pocket change is relatively safe.

>>12208983
look u low iq retard, clearly it isn't, imagine being this clueless. how mad are you that tether is backed 110% by US dollars AND bahamian dollars AND chinese neo-shekels? fucking retard

>>12209035
why are shills arguing about this tether again?
why they post this fud article from the OP everywhere?

>>12209035
You seem angry

>>12209051
>>12209061
I'm just pretending to be stupid, I don't know about you.