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/biz/ - Business & Finance

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24886506 No.24886506 [Reply] [Original]

Everyone’s so deeply emotionally invested in this shit that the finex/usdt rugpull is greeted with cheers and euphoria. Can’t wait for this shit to collapse next week and everyone’s left spluttering “but muh guggenheim and pornhub and circle institutional investors!!!”

>> No.24886550

>>24886506

Stay in your anime phantasy anon

>> No.24886697

>>24886506

When it happens, it happens. No need to rush things. When it does, it will be the zoomer enron.

>> No.24886728

Let's just say Tether does collapse. Everyone would rush to sell it to Bitcoin or eth. So this is a bad thing?

>> No.24886812

>>24886728
It’ll be the equivalent of the casino closing. People won’t want any chips, everyone will swarm the cashier to take out real cash

Here’s the kicker: there’s actually very little real liquidity to cash out

>> No.24886977

>>24886728

On a basic fundamental level yes. But cryto like any market is based on confidence. If tether collapsed and everone on exhanges rushed to sell, the exhanges would no doubt freeze all liquidity to prevent having to buy a worthless token. The cascade in a loss of stable coin confidence would tank every crypto as people rush to get out of the market.

>> No.24887036

>>24886506
This tbqh

>> No.24887171

>>24886506
I knew Tether was going to exit-pump rugpull at some point but is this really it? Has that dread day finally arrived?

Do you have any evidence or is this larp/Bobo cope?

>> No.24887269

>>24887171
Honestly, the $18b nonstop tether print is smth that people in a year will look back and say “gee that was obviously shit”

But, who cares, imma make hay while the sun shines, it’s not crashing anytime soon so just buy and sell the top baby!

>> No.24887311

>>24886812
>there’s actually very little real liquidity to cash out
this was true some years ago, now it isn't anymore.

>> No.24887326

>>24886506
nobody cares, dumb nigger

>> No.24887340
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24887340

>>24887269
>>24887171
>not instantly knowing tether was a scam
>buying chinese digital counterfeit dollars

>> No.24887376
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24887376

>falling for the tether fud

>> No.24887386

>>24887269
M1 and M2 are up 20-30% of course theres more tether

>> No.24887506

>>24887311
It actually is, but nobody wants to believe it. It’s good to have faith in something anon, but search your feelings, you know the “fucking vindicated!!!” gloatposts are a dire warning.

>> No.24887516
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24887516

What do you know about DuckDAO?

Found Medium article about their Crypto Incubator, seems open, share your opinion about it.

>> No.24887521

>>24887269
>>24887340
Yeah Tether is a bad actor but they've been a bad actor for years. OP is suggesting this is finally them enacting their exit pump, I just wanna know if he knows something I don't.

20% pump in one day is definitely not normal but there are other feasible explanations.

>> No.24887581

>>24887521
>finex finally agrees to handover their documentation next week to the agc
>stablecoin regulation on the horizon
>”anons we finally made it!! after 3 long years, it pumped 100% in four weeks organically and we’re all gonna be rich when it hits 100k!!! Never fucking selling now!!!!!!”

>> No.24887832
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24887832

>>24887506
>“fucking vindicated!!!” gloatposts
ah, so your a bitter nocoiner. sorry you missed the boat and are too full of pride to accept your mistake. there is still time.
Do you think MicroStrategy, Guggenheim, etc. used tether to buy their BTC? Do you think they blindly jumped into crypto without researching the effect of things like tether? Or is it that you think you know more than them?
>>24887521
>>24887581
also you're new fags. 20% in a day and 100% in a month is absolutely normal BTC bullrun behavior, dozens of historical examples of exactly this happening