/biz/ - Business & Finance

Tetherbro are you here?

>>18864742
of course

>>18864637
nobody gives a fuck anymore feds are doing it X100 harder and the worst part is that the econmy became dependant on that
>inb4 happy brrrrrrrrrrrrrrrrrrrrrrrr for all of you

>>18864814
They pump the market nearly as much as the Fed kikes.

>>18864867
I honestly tough they were going to give it a bit of a break but nope
ain't no breaks on this bobo rape train

>>18864637
ARE YOU FUCKING KIDDING ME STOP PRINTING WHAT THE FUCK JUST LET IT DIE

Imagine still believing in Tether fud

>>18864971
Im not fighting it... buying right now with cash I was holding for crash.

either big drug money is being washed or these fuckers are scamming, idk anymore

>>18864637
the tether cope from bears is fucking hilarious, gotta love it

just be thankful the market was merciful enough to let you retards exit your shorts in this range before you get raped again

brrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

FRAUD

>>18865361
neat

>>18864637
why does the price of btc go up when tether prints what is going on

>>18865992
now take a step back and think very slowly at what you just typed

They basically created the crypto fed.
Brrrrrrrrr

>>18865186
Still think it will?

>>18865992
Because btc doesn’t print 2 trillion dollars and wait for lag to fuck the system

>>18865601
in reality

>>18864814
Thanks for the updated pic, this is useful. Tip on its way (attached is tetherbro's address if anyone else wants to tip him).
What are your thoughts on the current situation?

My take: we will keep pumping until halving.
People's expectation of may being a crappy month will be initially disproven but proven 4x on second half of the month. Which is when we might see some deleveraging also in bitcoin.

But prior to the halving I'd say slim chances for a significant drop.
Your thoughts on btc?

>>18867441
> Thanks for the updated pic, this is useful. Tip on its way
bro you seriously don't need to do this

>But prior to the halving I'd say slim chances for a significant drop.
Your thoughts on btc?
halvening is in 7 days, I really don't see a major dump in this time frame
I think it will go sideways maybe retest 8400 at the lowest but no big dump, especially is the print keep coming

>>18866013
What on earth is the end game?

>>18867636
Hey Tether bro.

How on earth can they keep this up. One thing you should create and think about and if you can answer this.

If Tether prints X amount. It means X amount of BTC must have been dumped/sold.

The deeper question is. ((someone)) is dumping. How much have they dumped. Use what you have and work out the opposite.

>>18867718
bitfinex own tether and other exchanges are in on this scam so there's 2 possibilities
> pump this market to new high to bait more normie in and make money trough fees
> literally exit scamming by buying BTC/ETH and other coins in USDT pairs and dumping them in fiat pairs

>>18867789
> If Tether prints X amount. It means X amount of BTC must have been dumped/sold.
no they print to buy not the other way around

>>18867859
What did tether mean by this?

>>18868113
it just end up on exchanges

>>18867636
Why tho did they sell heaps of btc otc for 9k on the previous run (7.8k-9.4k)?
Could have let the price soar higher.

Also in case of a stock market significant and extended drop (which is likely to happen this month) would btc decouple because of tether?

>>18868422
again there's a case for both scenario >>18867859
pic related bitfinex sold 60K BTC last month and binance moved 90k without explanation
this look like an exit scam

>>18868422
>Also in case of a stock market significant and extended drop (which is likely to happen this month) would BTC decouple because of tether?
stocks won't drop, the FED will not allow it and bitfinex know it, that's why they are pumping the market making BTC look even more bullish than stocks to bait investor
in that case we are going much higher

>>18868579
Very interesting. But in case of an exit scam I would say it is in their best interest to make thing go for as long as possible?

Good point you make on the stock markets.

BTC will be up at +10k for the halving, then dump

FRAUD. I can’t wait to see them going to jail. And I do own BTC and other crypto.

>>18869009
> in case of an exit scam I would say it is in their best interest to make thing go for as long as possible?
more like make it go as long as the market doesn't turn on them ie: when the market stop trusting tether, so yeah it can go a long way
I'm more incline to say that they won't exit scam ( I can't even imagine how someone like CZ would do it, after being a public person for years now ) they are just trying to save their business imho

THX for the tip btw

>>18869184
I see, good point. Still a mistery though about those big hidden movements from binance.

Thank you TetherBro for the ongoing valuable contributions you make on this board, it's really a breath of fresh air.

no wonder this dog shit keeps crabbing

SEND IT TO THE FUCKING BOTTOM, FUCK MUMU

>>18869235
no problem

Bump. This counterfeiting scam gotta stay on top of the board. Biggest in crypto’s history.

Why doesn't the Feds end this clownshow?

It's literally counterfeiting of money, the biggest sin possible in the eyes of the state.

>>18864867
How is it pumped, that tether has to be exchanged dollar for dollar with fiat before it can be traded. They are minting tether because people are throwing money hand over fist into crypto

Building a case. Don’t think they won’t stop it.

“Once you have Tethers, you can trade them, keep them, or use them to pay persons that will accept your Tethers. However, Tethers are not money and are not monetary instruments. They are also not stored value or currency. We do not guarantee any right of redemption or exchange of Tethers by us for money.”

https://medium.com/@thecaspiancey/whats-behind-tether-cfde9e2199c8

https://en.m.wikipedia.org/wiki/Tether_(cryptocurrency)

https://www.bloomberg.com/news/articles/2019-08-07/tether-mafia-318-crypto-addresses-control-most-of-stablecoin

https://www.forbes.com/sites/billybambrough/2020/05/02/forget-the-halving-is-this-the-real-reason-bitcoin-suddenly-soared-toward-10000/

https://www.forbes.com/sites/francescoppola/2019/03/14/tethers-u-s-dollar-peg-is-no-longer-credible/amp/

https://cointelegraph.com/news/the-strange-story-of-tether-the-digital-money-that-claims-it-isnt-money/amp

https://static.coindesk.com/wp-content/uploads/2019/11/SSRN-id3480263.pdf

Bro, you understood fuck all of how this scam works.

>>18869345
Any way I could keep in touch with you?
email is
filthy
harry
protonmail.com

>>18869485
>It's literally counterfeiting of money, the biggest sin possible in the eyes of the state.
not US based it's a lot more complicated to stop it
think about it counterfeiting money used to mean being in the country to spend it, so you're easy to arrest, these guys are printing fake USD from the other side of the world
it's such a perfect scam

>>18869499
check https://twitter.com/whale_alert you can see hundreds of small transaction from the treasury to "unknown wallet" if you follow the money trough the addresses you end up on Binance and Huobi

>>18869547
I really don't have much more to say honestly
to me the scam is obvious, I just don't know which direction they will go

Wouldn’t a loss in faith in Tether or it being closed down start a chain reaction where everybody would dump it in exchanges and liquidity pools, likely pumping Bitcoin like crazy?

And then what? People would sell to other stablecoins? Or for fiat?

And would fiat exchanges be able to cope? Or go offline?

This is a whole fucking mess. It’s like a cancer that pervaded everything...

Opinions on this?r

>>18869959
yes pretty much
pic related is what happen in fall 2018 when the first tether panic happen you can see the USDT pair going almost 1K higher
if tether explode you can expect USDT pairs to fly up to new ATH, then crash right back down

That time though, fiat exchanges followed through, maybe not as high. I suspect bots would react to tether being dumped into BTC and push fiat prices up, but then who’d put the fiat to keep up...

Also this was Tether loosing the peg. If Tether is outright made illegal or seized, all centralised exchanges will go offline immediately, and only liquidity pools will be open...

mmm trying to foresee the outcome and how to profit from it, but it’s just too messy...

Eyes on the NYAG case as well: https://iapps.courts.state.ny.us/nyscef/DocumentList?docketId=npvulMdOYzFDYIAomW_PLUS_elw==&PageNum=2&narrow=

>>18869499
>that tether has to be exchanged dollar for dollar with fiat before it can be traded.

~Here you assume it actually happens

>>18870350
>mmm trying to foresee the outcome and how to profit from it, but it’s just too messy...
yep it's just going to be a mess
I have sell order at 20k and buy order at 1k

>>18870507
I have a sell order at 1million and a buy order at 1 dollar

>>18870648
may your dreams come truth

thanks bro, you da real mvp

>>18869959
No, when people buy bitcoin with tether it means someone is SELLING bitcoin for tether. Nobody is going to sell bitcoin for tether if tether goes under. Everyone will pull their orders and bitcoin will crash fast

>>18871031
>No, when people buy bitcoin with tether it means someone is SELLING bitcoin for tether. Nobody is going to sell bitcoin for tether if tether goes under.
and how many usdt pairs are there across how many exchanges?
sounds like alt season to me

I'M COOMING