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/biz/ - Business & Finance

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14301792 No.14301792 [Reply] [Original]

/nocoiner/ here. I was wondering if somebody can explain something to me.

If most BTC trading is done with USDT and the current market cap for Tether is about 3.5 billion and the current market cap is 192 billion where does all the money come from when people want to cash out if there's only enough liquid assets for 1.8% of coiners to cash out at current market value?
It's really making me think.

>> No.14301831

cashing
out
is
a
meme

>> No.14301850

>>14301792
I cash out in you mom fucking nocoiner

>> No.14301861

>>14301792
> cashing out
> cashing out cash
> cashing out cash for cash
Wow anon, u so smart

>> No.14301884

nigger there is no cashing out. this is the new fucking global reserve currency. are you dense anon? WE ARE ONBOARING AS OF RIGHT NOW. THERE IS NO TURNING BACK TO FIAT.

>> No.14301901
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14301901

>>14301850
I can't find the argument here
>>14301861
Well yeah. When mummy stops buying your tendies for you I've yet to see a bitcoin logo at the self checkout at any grocery store I've ever been to.

>> No.14301918
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14301918

>>14301884
>Fiat currency. 90% fractional reserve.
>BTC. 98.2% fractional reserve.
Wow. Money changers BTFO

>> No.14301958

>>14301792
there is so much wrong with this post I dont even know where to begin

>If most BTC trading is done with USDT
You dont need much money to generate huge trade volume. I had a bot with USD $2000 that was doing many btc per day in trade volume.

The rest is just the market cap. There really isnt that many dollars in the system. Its a lot like fractional reserve lending. Imagine if we were the only people who owned btc. If I sell you 1 satoshi at a million dollars per BTC that trade would cost you a penny, but BTC's market cap would be 21 trillion dollars. Its all imaginary money. The stock market works the same way.

>> No.14302009

>>14301918
USD fiat currency is like 99.9% fractional reserve. The rate is controlled by the federal reserve.

>> No.14302027
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14302027

>>14301958
>the stock market works the same way
But stock shares actually represent part ownership of tangible assets. If the company goes bankrupt and is liquidated if there's anything left over you own a part of it. When the bitcoin fad dies off you aren't entitled to shit. It all just vanishes into thin air.

>> No.14302062

>>14302027
You own a bitcoin. A bitcoin is a real thing, even if it is just a computer record.

>If the company goes bankrupt and is liquidated if there's anything left over you own a part of it.

Tell that to the people who bought GM. My dad got rekt when they went bankrupt and didnt get anything.

>> No.14302092

>>14302062
oh wow. a bitcoin. That will be so much more valuable than material assets when a solar flare hits

>> No.14302101

>>14302027
Also that didnt disprove my claim. Thats just an unrelated comment. And technically true I suppose, assuming the jews declaring bankruptcy dont find a way to fuck you.

Do you have a point here or are you just talking out of your ass?

>> No.14302127

>>14302092
You realize solar flares cant hit the entire world at once right? Because half of it is in darkness, aka shielded by the planets entire mass?

Also solar flares are a meme. No flare has ever been recorded with enough power to destroy a computer.