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/biz/ - Business & Finance

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13710598 No.13710598 [Reply] [Original]

Was the last run up due to Tether minting a money out of thin air and then buying bitcoin? the FUD is getting to me.

There's no doubt Tether is a fraud, but what going to happen when it collapses?

>> No.13710619

>>13710598
>Was the last run up due to Tether minting a money out of thin air and then buying bitcoin?
yes
>There's no doubt Tether is a fraud, but what going to happen when it collapses?
yesterday tether volume exceeded bitcoin volume. That should tell you

>> No.13710622

>>13710598
> The tether collapse meme as the ultimate deluded boomer bobo weapon
What happen when it doesn't

>> No.13710676

>>13710622
Let's say if tether is forced to pay up one day and can't, they'll prob be forced to sell their btc holdings. Won't there be a mass drop in price

>> No.13710733

Market crushes.

>> No.13710799

>>13710676
Let's say you're right, Tether m.cap is 2.8 billions, that's the 2,2% of the actual BTC m.cap

>> No.13710914

>>13710598
Notice how the market just mooned after a week or two of nonstop tether/bitfinex FUD and bobos trying to get you to sell? Should tell you something.

>> No.13710957

>>13710598
Of course it was. Just look at the volume increase on both BTC and tether during this fake run.

>> No.13710975

People don’t realize how much the tether issue is a black cloud over the crypto space. It’s one of the main things stopping institutional investors from really stepping into the space. They have too much power over the price of BTC which I turn has power over the Alts....unless the tether situation is straightened out, crypto won’t be able to topple really currencies.

>> No.13711001

yes it was.
btc will collapse to 3.5k then scoot up to 10k

>> No.13711014

>>13710799
You fucking nigger, if you sell 2.8B is about 350 000BTC rn. That would be more than enough to get btc to double digits if you just market sold. Bitfinex would sell it OTC of course but that would also drop the price to triple digits.

>> No.13711016

> Deluded bobos arguments
> Total M. Cap keeps increasing by 30BIL a week
C'mon guys.

>> No.13711033
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13711033

>>13711016
If you’re so smart bro...where’d all this money come from? And why did it step in at this moment and not earlier or later...you see green and you ask no questions.

>> No.13711065

>>13710799
>He thinks there's a 1-1 relation between money invested in the market and market cap

lol

>> No.13711072

>>13711014
129-2.8=127BIL
> OMG I'M SCARED, THE ENTIRE CRYPTO WORLD WILL COLLAPSE
BTC went from 125 to 129 in 6 hours, today.

>> No.13711121

>>13711033
All this money?
BTC Market Cap was over 300BIL at ATH in 2017, now it's nothing.

>> No.13711160

>>13711065
> Magic money appear from shady businesses and are manipulated by crooks for this new tulip mania 2.0
Ok boomer, i've summarized your incredible opinions, now go back to buy tesla stocks.

>> No.13711250

>>13711160
Feels like you're coping hard

>> No.13711294

>>13711250
Sorry, at the moment tether collapsed only in your fantasy world.

>> No.13711325

>>13711250
You seem to be the one coping since the market is going in the opposite direction that it "should" be going according to your bullshit.

>> No.13711939

>>13710598
>what going to happen when it collapses?

Nothing.

>> No.13711951

>>13711160

How many times have you been liquidated?

>> No.13712279

>>13711951
I'm bullish, i was having fun of the boomer