/biz/ - Business & Finance

>>18072985
lol, it's 120 million (Million with a M), not Billion, not Trillion, but Million.
how are we suppose to take that seriously? what a pathetic scam.

>>18072985
BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR
Tether soon no. 3 crypto lmao

so now that the stock market it going back up and BTC was supposedly a hedge, it should dump now right?

>>18073019
no sir it's 1.3B in 2 month
given the size of the crypto market, that's a lot

why doesn't the crypto market react to money being printed?

And Bitcoin pumps just on the announcement of a Tether print, without it even reaching exchanges yet. Feels like 2017

>>18073126
> 200$ in 10 min
WOOOOOOOOOOOOOOOOOOOOOOOOOOO PONZI MARKET GO UP

>>18073126
Yeah 2017 reversed

>>18072985
Bro, its totally backed 1-to-1 by the dollar. Definitely not just printing tether out of thin air and definitely won't eventually crash the whole crypto market

>>18073162
2017 Tether pumps had some extra oompf to it though. The market still reacts to prints, but with pretty limp dick movements.

1.5 Trillion no wait 6 Trillion still to go

>>18072985
I dont understand why does printing more Tether automatically pump BTC?

>>18073290
Because they're literally creating fake USD to buy BTC with

>>18073290
they always end up on exchange
it's just done slowly so it's not reported

>>18073476
the big print is just to create fomo and get a free pump

>>18072985
This is a big reason BTC will go back to $1K.

Heed this warning, anons. It's been lingering for years, and when the rug gets pulled, you better not be in. People have been chasing their 2017 gains ever since the crash.

Stay out until 2021. If you must buy a shitcoin. Buy Nervos (CKB)

unironically if anyone wants to make 2017 level gains invest in chiliz wants bitcoin goes down

literally ez millionaire by 2022

>>18073372
Without tether the price of bitcoin would probably be aroud $100-$1000. The total market cap would only be a fraction of what it is right now

So many people will be completely rekt when the tether bubble eventually bursts

>>18072985
if they keep printing, why isn't the price soaring

>>18073593
what happens with tokens like BEAR tho

>>18073502
When alt pump?
Been buying OGN like a pajeet

>>18073614
it just had a minimoon which quickly got exposed as a fake pump

>>18073546
>blah blah blah
>buy ${shitcoin}
These posts should be a 7 day ban.

>>18073614
They printed too much and it’s losing its effect
When it doesnt work anymore, prepare for the biggest exit scam you’ve ever seen in your life.

>>18073621
if tether explode binance will cease to exist

>>18073614
BTC price is unironically following every move from the dow now
fucking amazing to see go watch the 1 minute chart

>>18073679
This

HAHAHAHAH YES

>>18073593
Bear cope.

>>18073372
Thats not necessarily true.
The way I see it Tether is just an ingenious way of accounting.

The only true US dollar that there is are the paper ones.
All the others in the financial system are not US dollars but special US dollars that require the solvency of an institution to have any value.

Your dollar account on Bitfinex require Bitfinex to remain solvent to have any value.
Your dollar account on Kraken require Kraken to remain solvent to have any value.
Your dollar account on Barclays bank requires Barclays to remain solvent to have any value.

So these are not real dollars, they are Bitfinex dollars, Kraken dollars and Barclays dollars and each of these institutions have an internal ledger to keep track of the funds various users have within their institution.
(Well not barclays i guess since it uses the SWIFT ledger to keep track of that, but they just shut access to it the moment they go bankrupt off course)
Anyway what Bitfinex did is that next to their internal ledger, they opened up a public ledger (USDT) which more or less follows their internal ledger (thats the theory in practice they never prove it) so that you can keep your bitfinex dollars on a private wallet and not just on the servers of bitfinex.
That is all it is.
So in theory this USDT printing, could just be a reflection of increased USD transfers that have been made to Bitfinex.

Whether this is true in practice no one really knows.

fuck..how come these cunts haven't been audited yet? Literally printing hundreds of millions of fake money every day

>>18072985
CIA/FBI should go to Taiwan and raid these motherfuckers.

The more they print the worse the crash will be.

>>18075922
they have and for all you know its the fed buying with some lunch money for the lulz hedge

>>18075960
>>18075922
unregulated market bro
nothing anyone can do as long as enough retards still use USDT, the scam will go on

preparing liquidity for the cashoutening

>>18076021
lamo nobody cashout in tether

>>18076042
>lamo cashes out into altcoins

>>18076084
you're aware there's fiat pairs right ?

>>18076144
not on binance. unless you want rubles... but go ahead, buy rubles m8. kek.

>>18072985
Amazing, where do they keep getting so much money? Tether team just continues to deliver!

>>18076144
wtf, even on the BTC/EUR pair there is a volume of 1 000 000 instead of 900 000 000 for BTC/USDT.

>>18076017

Crazy man..They're not even subtle with this scam any more. Shady as fuck how they move it around wallets to disguise where its going to. This shit gonna end up number 2 marketcap right behind BTC kek

>>18072985
what a scam
>muh finance 2.0
>do the exact same scams from finance 1.0

Tether is even used for payment in the real world.
https://www.bloomberg.com/news/articles/2019-10-01/tether-not-bitcoin-likely-the-world-s-most-used-cryptocurrency
why? yes, I also use tether motherfuckers. go lose your money somewhere else.

>>18076187
>>18076219
yeah this whole market is gonna realize real quick how little liquidity there actually is once tether goes poof

>>18076238
pic related is the state of this market

https://www.coindesk.com/tether-usdt-russia-china-importers
Dollar is still king, no matter how you turn it.

>>18076281
of course it's not used in the real world because no real business would accept this shit with no hard proof of backing

>>18076324
>https://www.coindesk.com/tether-usdt-russia-china-importers

virgin bitcoin hodler vs chad tether businessman

Jesus allmighty.
Well, on the plus side, Bitcoin will go up just for the inflation, right?

I swing trade using my own algos. When I close trades, I go to tether, not Bitcoin and not Ethereum. How am I supposed to know what the fuck I am doing if I cash out into another volatile crypto?? How the fuck am I supposed to get a good price if I use some low liquidity stablecoin experiment?

>>18075922
>>18076017
>>18076238
Asspained nocoiners stay off my moon.

>>18073717
Zoom the fuck out and compare the BTC day candles to DOW30 daycandles.

>>18076002
no it hasnt, tether said they would audit themselves and didnt do shit

i think they even said they couldnt account for something like 600 million