/biz/ - Business & Finance

>>18471634
all compliant crypto will eventually die out
KYC = KYS
privacy coins all the way

>>18471648
Wut do with my stacks if eth/chain/xrp/btc?

>>18471881
suter, monero, keep the eth it'll be fine with suter

It's just beginning. See you on the other side.

>>18471634
>regulated
tether been printing money like crazy(+70% since the beginning of year) just to keep btc afloat, if this go through and usdt exposed(it isn't backed by shit) and get viral, expect a historic btc dump and a crypto market depression

Fucking niggers, this is super bearish.

>>18471929
sauce or GTFO

>>18471634
>he doesn’t know
https://m.youtube.com/watch?v=jfx7PnMtCeY

>>18471957
this in the last day alone, that's why btc pumped from 6.6 to 6.9k
that's not all you can check whale alert or usdt contract they have been printing million daily for months, and it's not only usdt you have also busd husd ..

>>18471957
an other 120 million minted 2 day ago

>>18471634
Fuck the banks. UND will make them all moan and plead for support. Buy Unification before main net.

>>18471957
a week ago , and i am not counting the small amount (10 ~30 million)

What does this mean to a brainlet linkie

>>18471881
buy
XMR, Zcoin, Ghost

>>18471957
check bottom left corner for date and go check the supply now
>they printed over 1 billion in less than a month

>>18471634
It's an overhyped article title. They had like 10 recommendations from their analysis, one of which was outright banning then if they cannot be properly regulated. That's like worst case scenario and probably wouldn't happen

Im gonna wake up to $1k bitcone

Fake news

>>18472132
the problem is they can't regulate usdt since it isn't backed by anything, they just printed billion out of thin air , and once that exposed it will send shockwaves since everything is tied to usdt

>>18472150
Would be bullish af if true...imagine if you couldn’t tether...it’s either you’re in or you’re out

>>18471634
FUCK STABLECOINS

>>18472194
that will always exist stable coin, it's just gonna have to be backed 1:1, it's just tether printing billion of dollar out of the thin air, usdc could take over since coinbase is more regulated and ensured

>>18472194
yeah imagine having to pay ((taxt))
meaning BTC prices for products will always be higher
but of course BTC is not a currency it is a hodl meme

>>18472214
it's just fcking chink coin usdt that's abusing the lack of regulation, stable coin as an idea make everything easier(not having to deal with banks to hedge against btc)

>>18472126
>>18472055
>>18472039
>>18472014
this is during a financial crisis. How do you know people aren't attempting to park assets in USDT over their native currency for whatever reason (can't get actual dollars, potentially purchase btc, etc)

>>18472260
As a filthy third worlder this is what I've been doing the past 2 months. My local currency is at all time low so although it has worked out for me, I can see how central banks would be concerned at this loophole

>>18472260
>people park asset
yeah (((people))) are the one buying 1.8 billion in one month during a financial crisis, because you know it's not like crypto can go down 50% in a day

also check this >>18472168, you can literally see the corallation between tether printing and btc movement, a few hour ago tether printed 120 usdt, send some to binance than btc went from 6.6k to 6.9 k

>>18472260
also the tether printing started before this corona virus crisis

>>18471634
>https://cryptobriefing.com/central-banks-recommended-ban-stablecoins/
The reliance of the crypto market on stablecoins has been widely overhyped.
Sure this will fuel another 50% crash or so, but it will recover.
Nothing can stop what is coming.

>>18472318
1.8 billion is nothing. It's literally 1% of Bezos net worth.
1 single BTC early adopter owns more money than that. I'm sorry you are poor.

>>18472855
>60% of traders are in stable coin
>tether printed 2 billion since the beginning of year
>binance futures/margin (2 billion + market) are backed with usdt

this has the potential to be bigger than mt.gox

>>18471929
>>18472014
>>18472039
>>18472055
>>18472126
>>18472168
>>18472217
>>18472231
>>18472318
>>18472336
>fudding tether in 2020
ngmi

>>18472879
>1.8 billion is nothing
yeah right, compare a speculative market held by people faith, andd it dropped 50% in a day, to bigest online hosting/shopping company

>owns more than that
not according to top bitcoin wallet, also good luck trying to cash out that without btc going to 100 dollar

ps:volume has been the lowest in a while even with tether daily 120 million injection

>>18471634
>Make coin
>Set value equal to $1

>>18472902
Actually the opposite, the whole margin trading scam will go belly up, meaning you won't be able to short.

the pin that going to pop the bubble may be here
https://cryptobriefing.com/central-banks-recommended-ban-stablecoins/

>>18472942
shorter/longer will sell at a loss to get out of tether

>>18472938
1. The crypto market has inherently more worth than amazon and will make amazon obsolete in 5 years
2. The market has 160 billion daily volume. That's more than the silver market volume. 1.8 billion is really pennies.

>not according to top bitcoin wallet,
Because everyone sold back in 2017, you retarded newfaggot. People bought back only a fraction of their net worth.

>there will be fud

>>18472962
And that's a good thing, because I will be buying. The degenerate gamblers need to get the fuck out and I hope the bitmex nigger lands in prison.
Then there will be no way to bet against bitcoion again and it will only go up, forever.

>>18472168
here is the up to date version my friend

>>18473007
thanks

>>18472987
>there will be shill
>there will be denier
>there will be looser
>there will be regret
but the world will continue

>>18473007
new to crypto, what am I looking at, pls no bully

>>18473119
what does the chart look like anon ?

>>18471881
Gamble it all with margin trading on bitmex like a real man

>>18473152
sideways smt?

>>18473185
> print
> pump
> dump
> print
> pump
> dump
> ...
BTC is on life support

>>18473228

>>18473228
THIS
we haven't had miner capitulation
all they do is run deficits to just have enough to feed the miners
hoping for a bull before they run out of liquidity

>>18473249
I don't think it's about miners, I think it's about exchanges trying to stay alive

>>18473351
well
exchanges can stay alive if they drop the price and bait retail
however the OGs tethers need keep the ponzy going with the hashrate, it is tethers job to feed the miners

>>18472902
Fuck traders desu they are a bunch of manlets.

>>18471648
based

Non-issue. The existing stable coins will make the necessary changes to comply with the regs and will continue operating. Moreover "banning" and "decentralized" are not compatible words.

>>18473691
USDC already compliant.
But come now lads, this is really just Tether FUD 2.0. Move along.

>>18471924
based

BTC $1M EOY

>>18471634
haha wealth from stable coins will all be moved into BTC and ETH
the war is starting

>>18472126
>1 billion in a month
kek try harder

>>18471957
Is Bitcoin Really Un-Tethered?
Abstract
This paper investigates whether Tether, a digital currency pegged to the U.S. dollar, influenced Bitcoin and other cryptocurrency prices during the 2017 boom. Using algorithms to analyze blockchain data, we find that purchases with Tether are timed following market downturns and result in sizable increases in Bitcoin prices. The flow is attributable to one entity, clusters below round prices, induces asymmetric autocorrelations in Bitcoin, and suggests insufficient Tether reserves before month-ends. Rather than demand from cash investors, these patterns are most consistent with the supply-based hypothesis of unbacked digital money inflating cryptocurrency prices.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066