/biz/ - Business & Finance

>>14856611
sent :)

Snitches get stitches.

>>14856611
report to SEC? Do you know where youre at? This is /biz/ you noob

>>14856636
and?
>>14856622
this aint jail nigger

>>14856611
what for

>>14857154
tether

>>14857196
what did they do

>>14857209
they are printing billions of tether out of thin air to prop up the price of bitcoin?
>inb4 hurr durr fed reserve does the same thing
no

>>14857232
oh, can you post some evidence for my complaint

>>14856611
>Falling for the fud like 2017

>>14857239
i dont have any, its mostly my eyes

>>14856611
>dear SESEE: i went into a casino the other day with $20 to play my fav game...the casino PRINTED out chips for me to walk around casino....I want to report dis....big problems...dey will CRASH da casino with PRINTING....
t. 19 zitfaced fat fuck

>>14857240
> fud

>>14857254
nice. got more?
>>14857250
project more

>>14857254
?
explain what you think that shows

>>14857281
kys

>>14856611
sent ;)

>>14857324
gys

>>14857281
that they can literally print whatever they want with no real control or protocol
this is the lightest fud the NYAG investigation is so much worst talking about super shady backing etc

>>14856611
>Implying the SEC doesn't know about tether

>>14857397
why the fuck arent they doing anything then

>>14857232
Who is printing it and how does it prop up BTC. I never understood the whole tether thing

>>14857446
> print fake virtual money
> use it to buy btc

it's pretty simple really

>>14857138
half the projects on block chain are unregulated securities youre on about a fractional reserve stable coin. dont use tether, but USDC or DAI and get on with your day. Oh yeah let me guess you got liquidated or you sold the bottom so now you want someone to blame
>the form is too complicated
you are a maroon

>>14857361
maybe. who could control and back something like this without being shady? is there anyone operating at their level in other industries that isn't? not making excuses just saying. they just seemed to have not paid the shart government their cut and so don't let them buy tether.
>>14857424
how do you know they aren't? tether aren't in the US and the law has been slow to catch up with crypto.

>>14857473
>Who
It's literally the first word of my sentence

>>14857527
counterfeiting money is one of the highest sentenced crime

>>14857556
you don't know that the tether treasury is own by the same peoples who own the exchange bitifinex ?

What's the point of tether? Why does anyone need it? Is it just for exchanges too jewy to let users sell for FIAT like binance?

>>14857446
tether/bitfinex. lets you trade $ for tether so you can trade on exchanges don't have $ deposits.

>>14856611
are you assuming there have never been any SEC investigations around Tether?

>>14857579
>counterfeiting money is one of the highest sentenced crime
so they aren't doing that or they're still investigating

>>14857664
if USDT isn't backed 1-1, which it already wasn't the case back in April, it is counterfeiting

>>14857641
no im saying they need to hurry up and take tether down and let bitcoin run on its own. tether is doing too much to prop the price of bitcoin misleading new people into thinking the price of bitcoin is legit when we all know its mostly tether

you anons are going through the overly caring about tether/finex phase. it will pass. don't end up like bitfinexed or the people that act like paolo/phil have done no wrong.

it is out of your control. cash out profits accordingly.

>>14857847
that is a good point but i want to buy cheap and tether isnt allowing me to do so

>>14857641
tether has never been audited

>>14857867
read it
https://twitter.com/winklevoss/status/1052580017799090176

>>14857847
basically this
know that the game is rigged and play accordingly and avoid holding USDT

>>14857892
prove how shady this shit really is

>>14857864
HAHAHA OH! YOU missed the bottom!

>>14857957
pls stop

>>14858033
just be honest with yourself dont go reporting shit to the SEC and blaming tether lol.
look bro ill help you. set a buy order for 25% of your stack under the blue line. Set a buy order for 75% of your stack under the orange line. Youre welcome

>>14858154
so we are going that low? what abot asuka?

>>14857250
>tfw when Tether shills BEST argument is comparing themselves to a fucking casino
(1) casinos ? regulated
(2) casino chips ? (theoretical) possibility of winning
(3) casino deposits ? 1:1 matched by fiat
(4) cash out ? with casino chips - 1 to fucking 1
(5) Likelihood of operators spending the next 20 year in a new york penitentiary ? Casinos 0.1%, Tether 11/10
get fucked shill, your products trash stinking up the whole market

>>14857424
They are, you got to realize this takes time and tether will be btfo in 2020.

>>14858195
its a moving average so youll need to adjust your order. over time, 10k might look cheap

>>14858342
>too brainlet to understand chart lingo
o-ok thanks senpai

>>14858342
> 10k might look cheap
you're literally saying btc could drop bellow 6k

>>14858385

its possible but not likely. In its history, how many times did the price drop below the blue line? orange line?
In a bull market the 100D MA is firm support thats where your order should go. that said there are flash crashes to the orange line

>>14856611
The SEC is developing a protocol that will require exchanges, like coinbase for example, to deliver A FULL TRACE of the trades a user has made. If the trace reveal having ties with Tether at some point it means the exchange AND the customer will both get sanctions and/or time undefined money locks. Exchanges having Tether or any other unregulated stable coin are subject to blockages from compliant exchanges that interface their operations directly with fiat money and tightly regulated banks.

In short, soon you'll be only able to unload your bags at bitfinex, so good luck with that.