/biz/ - Business & Finance

>>18500716
This is more printing than they have ever done in the past. It's pretty fucking serious now.

>>18500900
it's about the same as what they printed from April 2019 to august 2019
so they have printed as much in 2 month as they did last year in 4, but in 2018 they did burn 1.2 billions

>>18500716
why is this happening?

>>18500982
Wonder what the result will be from this or if it's a sign of anything imminent

>>18501027
trying to save the ponzi

>>18501029
what's crazy is that it's not slowing down that much compare to march

>>18500716
imagine if tether is audited or banned

https://cryptobriefing.com/central-banks-recommended-ban-stablecoins/

https://cointelegraph.com/news/cryptocurrency-community-eyes-tether-after-website-dilutes-usd-backing-claims

>>18501106
>what's crazy is that it's not slowing down that much compare to march

sell pressure must be insane

>>18501106
how is that helping?

>>18501027
>people sell btc
>price going down
>mining isn't profitable
>miners quit
>btc network holt
>the end of btc

they are buying btc with fake money to keep btc from crashing and save the miners, but if even 40% of tether holders try to cash out there gonna be big problem

>>18501190
>>18501207

>>18501163
probably never going to happen too many countries to hide

>>18501190
> print USDT
> send it to exchanges
> buy BTC or/and provide buy walls to support the price

>>18501207
I wonder if the printer will go into overdrive after the halvening.

>>18501253
>too many countries to hide
they don't need to go after them directly, they just need to ban them, which mean big investor/instatitution won't be able to cash tether out

>>18501301
Price has to rise fast from here on. Otherwise a lot of miners will be forced to capitulate. If that happens, Tether would need to print in overdrive.

>>18501356
Let's see the fireworks

>>18501301
the halving is probably the finish line and they are trying to squeeze every last dollar before pulling the plug

>>18501310
this is completely unregulated market you can't ban them, the only thing they could do is try to expose the scam but even this will be hard and they can always clam to have the funds somewhere


> every ponzi fail when too many investor want to retrieve their funds
> if you can convince them that what you're giving them will once be worth million and be use as currency they will never want their money back
> the hard part was to convince the buyers but it seems crypto managed just that, crypto "never selling, hodl forever " + tether, is literally the perfect ponzi

>>18501207
say what happened to difficulty adjustment meme?

>>18501603
It takes a couple blocks for the difficulty to adjust.

>>18501027
I will give you the real answer so you can sift through all this fucking FUD:

Tether Treasury preemptively prints USDT based on dwindling supplies across exchanges. The supplies dwindle because people are going margin long like crazy. Just look at the ratio of long/shorts on any exchange for any popular coin and you'll see it's 75/25 or higher at the moment. Tether sends the USDT to exchanges and people borrow against the newly minted coin to margin long.

It's that fucking simple. Fuck all the haters and conspiracy nuts on here.

>>18501760
>margin long
why exactly long?

>>18501760
Cope. There was the same rise back in 2016-2017 when margin trade was no where near as popular as it is now. Tether prints almost always correlate with price rise

>>18501443
they totally can or else they wouldn't be suggesting it

>hey investment fun 1, now you can do business with tether inc, you can't receive money from them or anything
>oh no i better remove tether from the exchange
basically europe exchanges are fucked

>>18501443
also exchange already know the problem tether would present, that's why they're making their own stable coin usdc...

>>18501603
even with the difficulty adjust, btc could crash to a level which isn't profitable because basically no one is buying right now, with the talk of global recession, the sell pressure is as high as it's been, volume is low, all wash trading and bots, without tether btc could have been 2k by now, as it crashed 50% in a day

>>18501760
if you took a second and looked at the volume, you would know that's not true

2.1 billion printed, so according to you 2.1 billion entered since the beginning of year to margin trading in the middle of covid-19 and the talk about economic crisis

>>18501918

>>18502105
How's that store of value doing?

>>18502092
YOU haven't looked at the volume. ETH going from $130 to $170 would be more than that 2.1 billion you just mentioned.

Tether is somehow issuing billions in USDT but they don't have banking, so audits are impossible.