/biz/ - Business & Finance

>>14991592
Twatted about that trade; am leverage long w options.

What are you talking about? It is exactly about that. Tether has not had a single auction in years and they already admitted that they buy bitcoin with tether. With a minimum of deductive thinking you will realize that tether is fucked hard

How likely is it that we see Tether crashing?

>>14991644
100% at this point. Check the fowler case where everything originated. The tether thing is just the tip of the iceberg.

Now, law is slow so I dont know when, but I dont think they pass the year.

>>14991592
>Tether can just print money out of thin air and not get in trouble
Clownworld... It's people realizing that laws are social constructs and there's no point in enforcing them. Even the authorities are starting to understand that

>>14991682
So who's overseeing that their printing is backed by real USD?
Why would any 'institutional' buy USDT with USD?
And how can you explain the fact tether pumps preceed btc spikes up 43% of the time?

>>14991633
It's about trading in NY without the correct licence.
>>14991813
>tether pumps preceed btc spikes
Confirmation bias. Increased tether volume correlates better with price going down. In this recent pump tether volume decreased compared to other pairs.

>>14991915
>tether volume decreased
Total lies. At some points it was equal or greater trading volume to btc

>>14991592
I thought it was this monday not next monday.

>>14991813
BTC is soon to be worthless. ETH will probably be the first coin to flip it.

>>14991956
July 29th next Monday?

>>14991943
>At some points
Is not a trend. It's what people desperately clinging to their bias say.

>It's about trading in NY without the correct licence
People are trying to FUD this thing out of proportion. Truth is, we don't know if Tether is insolvent.

There's also plenty of stable coins that can take Tether's spot. A tether crash is not the end of crypto.

RSR

>>14991682
>It's people realizing that laws are social constructs and there's no point in enforcing them
Oh god oh fuck I'm stroking out

>>14991592
Ya

>>14991592
>isnt even about them printing money
They needed a simple way to bring Tether to court first - that is where Bitfinex comes in. Bitfinex did it's best to not allow US traders on their platform, but that scheme eventually failed. If you go research you will find recent info on US customers using Bitfinex and bypassing Bitfinex's policy/detection. I'm assuming the regulators worked together with law enforcement to get access in using Bitfinex as 'traders' in the US, which gives them a way to bring down Tether too. Regulators know Bitifnex/tether are connected, so now the regulators have the power to go after Tether and shutdown it down by using proof in court the Bitinfex had US traders and can be prosecuted in US courts.

>>14991967
Nah that's ridiculous.

This is how events will unfold:
1. Bitfinex gets fucked. They print USDT like there's no tomorrow and buy BTC with it. BTC goes beyond past ATH.
2.USDT drops to 10 cents.
3. BTC drops goes back to four digits.
4. BTC recovers and goes to new ATH.

Span of time between each point: TBD.

>>14992346

Be careful about #1.
Some exchanges at some stage of that will deactivate withdrawals to fiat.

>>14992012
> A tether crash is not the end of crypto
yes, the beginning of new generation of supreme bagholders

>>14991633
>Tether has not had a single audit in years
>The Federal Reserve has not had a single audit in...

>>14992346
What's going on in this pic?

>>14992647
Kek

>>14992656
She’s covered in poop; he’s getting ready to crash into slumber.

>>14992346
more like BFX get's their websites seized and offices raided, and their executives arrests, leaving the company completely unable to respond.

People dump tether for bitcoin, sending bitcoin to higher prices but not that high. Arbitration bots bring the price back down quickly.

Bitcoin then dumps back to triple digits, where it stays forever.

>>14991675
Ooh someone is actually doing their fucking homework. Master US workbook bros. Only those who know what it is will understand the absolute shitshow that is coming.

>>14992656
All women are whores.

Merlin sold us out.

>>14992685
Possible.
You on twitter?

>>14992685
Disagree on the "forever triple digit".

Very low market cap, tether fucking up will be the one most bullish thing for bitcoin.

>>14992656
That's how they market crypts in Russia.

Hire prostitutes and have them play scat games with virgin nerds so that buy the scatcoins.

Then whores disappear and all the investors are left is a telegram channel where they while price drops they talk about "weak hands", "accumulating", etc like everybody else does.

>>14992647
Lmao

>>14992841
In Soviet Russia, the coin shits you.

>>14992718
I second this lol

>>14992810
The real bitcoin.. not core

>>14992870
Sv, abc, gold, you name it; all of those forks are currently too vulnerable to reorg attacks thus neglectable for the time being.

Not a fan of blockstram and their lightning faggottry but core is bitcoin.

>>14992912
No not really.. core isnt even built on the ORIGINAL code. Its trash and heavily manipulated by tether

>>14992949
Kevin please go.

>>14992982
This is muh thread bucko

>>14991592
No different from the U.S.

Tether collapse will only be bullish long term. Real use-cases like Kleros + ETH will begin the final moon.

Stake. Relax until 2023. Then sell.