/biz/ - Business & Finance

>>21133630
>Tether starts collapsing
>Everyone starts selling Tether for huge amounts of ETH + BTC
>(????)
>Profit

>>21133724
>starts collapsing
>starts
There will be no warning. Just a bunch of bag holders

>>21133630
Tether collapsing is my biggest fear.

Would love to get some insights on what is going to happen from you spergs

>>21133724
who will accept tether at that point kek

>>21133630
only tether whales will suffer

>>21133630
The opposite. People will capitulate into bitcoin.

>>21133630
god I am so horny right now
I wonder if a girl made this post? lol probably u little slut. just come over here and suck it for a little bit.

>>21133775
My biggest fear also. I never trade into it

>>21133825
Who's going to sell you their bitcoin for tether lol?

>>21133630
The legal documents said that at the very worst point tether was 74% backed due to having no access to the crypto capital funds but recovered to 100% with LEO sales. That's far better situation that the FUDers that were saying it was just billions of USDT being printed out of thin air and that almost all the market cap of crypto was because of tether. I'm actually not worried, and tether is losing market share to other stablecoins anyway. Also I don't own any fucking USDT.

Tether wont collapse. Coinbase Custody supports it now. They won't let it fail.

>>21133630
Too big to fail

>>21133977
Do you think the 8 billion they printed this year alone are backed? If so, who gave them the money?

>>21133630
Tether is fine, the NY AG is going after them because Goldman Sachs and JP Morgan want to get in the stablecoin game. This is standard practice.

>>21134033
Eastern markets are huge adopters of Tether. There are plenty of Chinese/Russian whales who would buy 8 BN in Tether
>>21134038

>>21134066
Why would they do business with a company that has so much fraud surrounding it? Would you?
Unless they're criminals that want to wash their money of course.

>>21133630
Depends how much they will print and how long. The longer it takes the bigger they grow as SIFI. They printed 7 billion in a couple of months. Maybe the pace will just keep growing until they no longer can extract free money.

“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.”

NYAG Legal Case: https://iapps.courts.state.ny.us/nyscef/DocumentList?docketId=npvulMdOYzFDYIAomW_PLUS_elw==&display=all

https://bitnewsbot.com/finding-van-der-velde-a-mission-to-unmask-the-ceo-of-the-worlds-largest-bitcoin-exchange/

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

https://bennettftomlin.com/2020/05/14/why-does-tether-deserve-the-benefit-of-the-doubt/

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

>>21134136
It's probably a Liberty Reserve sequel. Some pump and dumping, some fractional reserve, some money laundering or god knows what else. They will be shut down eventually but it might take years.

>>21134136
>Why would they do business with a company that has so much fraud surrounding it?
They're fucking chink bugmen that eat animals from the canine family,

It’s a scam guys.

Giancarlo Devasini was also sentenced in Italy for counterfeiting Microsoft software. (Google it)

It this isn’t a fucking red flag I don’t know what is.

These are professional crooks. Do not forget.

>>21133630
tether hasn’t collapsed yet it never will

without tether btc would be 2K

>>21133630
0 when u r in USDC

>>21133630
Why , Bitfinex is in deep shit ?


https://uk.news.yahoo.com/bitfinex-hackers-move-more-27-182812338.html
LMFAO

>>21133724
This, I don't understand why chicofags think the tether ponzi collapsing is bad for everything else. What happens when someone trades crypto for tether is that they're effectively giving away something of real value for something that's worthless. When tether collapses, the bagholders are the people who are tethered up, not the people holding real crypto like btc/eth/link/etc. And if anything, it would drive the value up sky high on real crypto assets because all the whales and swingers sitting on the sidelines with tether would be forced to enter back into the market before USDT goes completely to zero.

>>21134136
Because its their only option and their income probably isn’t so clean itself.

>>21133826
Based

A tether crash is bound to happen whether you like it or not. Every crypto is supposed and is going to crash some day or another. Life is short, YOLO, gamble all of your money. I gambled all my money at earnbet, got a 50% profit and cashed out all of my money.

Imagine not knowing there will be a flipping with tether and rest of the crypto market. Screenshot this tether will moon infinitely while the rest of crypto settles at a dollar. Consider yourself warned.

>>21134407
i think the argument is
>tether printed
>liquidity injected
>new money flows to BTC etc

look at tether volumes. now imagine instantly deleting that.

>>21133826

>>21133999
Checked

>>21133630
It'll probably collapse at the end of the upcoming bullrun, and is going to start a huge dump, that will cripple this market for another 4 years.