/biz/ - Business & Finance

Being investigated by the Jew York attorney general is not a joke. If they cant show their balance sheet to NY AG, it's going to go to the SEC. So yes, it's serious. Hopefully, they have the Cash.

>>25503976
bump for interest

>>25503976
tether bad.

>>25504050
Theoretically what do you think happens if it's get jew'd? Does another stablecoin swap out or does it send the whole market to 0?

I still don't understand the whole point of tether

>>25503976
you best check it out

>>25503976
>crypto soars
>tether fud appears

like a clockwork

>>25504117
I honestly don't know but the whole crypto market is being pumped by USDT that is getting pumped out of thin air, so it could kick the legs out from under the market.

REQUESTING THE CHART SHOWING BTC'S PUMP IN RELATION TO USDT PRINTING

>>25504117
30-50% crash or more worst case. order books based off tether evaporate. arbitrage bots USD-BTC sell. it becomes a huge shitshow

>>25504118
>btc dips
>tether is printed (not backed by USD)
>dip is bought with tether
>number go up

>>25504258
Thx

>>25504118
Makes for quick crypto trading, you don't have to cash out to fiat every time you want to sell a coin or take profits.

>>25503976
Basically, it's an unregulated fractional reserve bank. USDT claimed that every USDT was backed by the USD at a 1:1 ratio. When Tether mints millions of USDT, there SHOULD be millions of USD to back that mint. However, recent evidence shows that USDT is in fact not backed 1:1 by USD. Claims are that USDT is also backed by cash equivalents, other assets and debt. So the FED is not having it and will crack down on Tether on these claims alone.

>>25504118
It allows you to trade without cashing out to fiat

>>25504188
PERHAPS, JUST MAYBE, THE *TWO THINGS* MAYBE, COULD BE, JUST MIGHT BE RELATED ???, U STOOPID FUCKING COCKWOMBLE

>>25504258
correlation is not causation.
more demand = more tether to handle demand

>>25504188
Nigga this has been a thing since 2019.

>>25504447
BTC spikes are following Tethers tho

>>25503976
>Or do I actually need to be worried about this?
Yes.
It's obvious at this point that they don't have the funds to back it up.
They've already backpedaled on their initial claims that each USDT was backed by an actual dollar, and what they have is actually fractional reserve. You'd have to be a retard to still believe them at this point, after all the other dodgy shit they have done.

See image, and this:
>>25504258

>>25504447
You would expect the printing to happen after BTC pumps. The printing happens at the same time / before.

>>25504476
tether fud is as old as tether you fucking newfag

>>25504536
Why? You think one could buy BTC without the Tether being printed first?

Ok anons, this is pretty persuasive
but when will all the chickens come home to roost?
Does it have anything to do with the dip earlier today?

>>25504249
don't forget that binance, huobi, bitffinex and all of the other chink exchanges in on the scam will collapse. Price is going to drop way more than that, we are talking a 90% dip. 99.9999% wipeout for anons who keep their coins on chink exchanges

>>25503976
According to coin desk, tether won’t be able to loan Bitfinex anymore funds after Jan 15 (assuming it’s not delayed again). 1. Can anyone provide a good source for this piece of info?
2. Are there ways to get around this - possibly loaning to binance instead?

>>25503976
https://www.coindesk.com/tether-usdt-russia-china-importers
https://finance.yahoo.com/news/millions-crypto-crossing-russia-china-040019650.html

the volume comes from asia/russia, they have no other way

>>25504583
The NY AG didn't start the lawsuit until April 2019, so no.

Whats the play here then? Should I cash out before Jan 15?

>>25504589
>yeah, think'll I'll buy me some BTC few months from now
>better stock up with a few fucking $billion of Tether first tho. Just in case they sold out

>>25504688
Watch the charts from the 14th to 16th.

>>25504476
>since 2019

kek go back to plebbit newfaggot

>>25504730
And after that?

>>25504836
Watch the news and make sure the AG doesn't move the case to the SEC. If it does, watch the charts and make sure your portfolio doesn't dump 75% in 20 minutes.

>>25503976
nothing to worry anon.
https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/

>>25504885
This. It's completely unpredictable. I took profits with half my btc yesterday desu, could be priced out but i don't give a fuck. I have a strange gut feeling at the moment, today morning EST was surreal buying pressure in Europe, i have my stacks at a german exchange and there was like 10 minutes not one single buy order, trading was halted until 10:00. At the same time bitfinex BTC/USDT which basically dictates the price didn't make a move. If USDT is indeed not backed, it could get really ugly. From my own research, i understood that there is no direct proof but strong indications towards fraud. Tether business connections are a bit shady to say the least. There could be three scenarios basically
>Either: Documents submitted in time (15th january) by Tether, no points for fraud found, everyting is dropped
>Or: Irregularities in backing of USDT become obvious, regulators go after Tether, would probably cause market irritations at least, people fleeing out of tether, realization that BTC is proped up by sth that isn't 1:1 to dollar as everybody thought
>Or: Worst case: Heavy market manipulation with bitfinex is the case, BTC price completely manipulated with systematic Tether printing creating a Ponzi Scheme where the amount of money in the game is only a fraction of what btc holders could cash in. Outcome can only be imagined, would also concern the whole crypto space as tether is around 60% of the trading volume of most token and lots of DeFi projects use it.
Chose for yourself.

>>25504258
proves as much as ice cream sales causing hot weather.

>>25504117
USDT is the most used pair to exchange coins. Most traders nowadays use USDT to exchange between coins instead of fiat.

Now imagine if all the traders were left stuck with a useless 0 $ token.

Now imagine if exchanges are left with all their USDT liquidity (remember, exchanges are swapping BTC for USDT) down to 0.

They would have far less money. Both demand and supply would crash.

Yes, you should be worried about this. There is no way USDT is backed up with USD, and if it's backed up by crypto then it means USDT works exactly like a Ponzi scheme.

>>25505632
This, and the fact that Tether got an extension before this date and still couldn't prove their reserves is what really makes me nervous.

what happens if I get USDT loans from Aave and convert them USDC for a possible crash, and then convert back to USDT when it goes to 0.5 USDC (if) and pay back the loan?

>>25503976
It's a RICO trial for 1 trillion. A civil trial for 1 billion tanked XRPs price. That's 1000x more hotwater for USDT
What happens when the news decides to report on this one? In fact, the ripple trial and the USDT trial are on the same day. Why is the news only covering the smaller trial? These are the types of questions you should be asking.

>>25506027
well it is indeed backed by crypto. Tether even stated this on their page that they consider BTC assets as collateral. I really wonder how long this can continue. What i'm also wondering is how governments ignore the taxation part of using a stable coin. For my understanding one of its main purposes is that you can cash out without really cashing out as a taxable event.

>>25505970
Hot weather starts -> ice cream sales increase.

Tether is printed -> BTC price spikes.

That's the order in which things occur. You can't prove that ice cream sales cause hot weather because ice cream sales don't increase before hot weather. Likewise, Tether "minting" occurs BEFORE BTC pumps, not after.

When will all this come to a head? Will it take until the 15th, or will word get around before then?

I think BTC could collapse even tonight, but I really don't know; how widespread is the knowledge of this whole shebang?

>>25506065
I suspect anyone making loans in USDT must have some provision for enforcing repayment in non-toilet-paper currency in event of issuer insolvency. When not? fill your boots, its a great fucking bet. As long as you are getting rid of the Tether really, really quickly tho.

>>25506038
they stated that the documents are so hard to organize as the attorney asked for quite a broad range of stuff apparantly. Investigating their obscure banking and company interconnections, i can imagine that documents are hard to organize.

Market cap of btc - 600 billion
Market cap of tether - 20 billion

THE HECKIN TETHERINOS MANIPULATING THE PRICE

>>25506198
I honestly think BTC will crash before the 15th and as BTC falls, the Tether case will be the nail in the coffin.

I'm still in BTC, just closely watching the price. 80% chance I sell before the 15th.

No one but exchanges holds Tether for any significant amount of time except maybe during a crash. Bitcoin has ALREADY been pumped with the 21 billion tether, this is after all why it exists at all. It gets sent to exchanges, traded for bitcoin, thus taking coins off the real market and driving up the spot price.

More likely scenario is that tether just crashes and is worthless overnight, crypto can no longer be exited on most exchanges (except for with worthless tether, which is still just crypto), and probably gets sent in mass to the few regulated exchanges with USD off ramps. These obviously will not have the liquidity to cash out everyone at current prices and they have daily sell limits anyway.

Meanwhile, no one is buying crypto and, assuming that worthless tether will no longer buy you even depreciating bitcoin, and no one is trying to buy in during a crash, the price will just plummet. Eventually, it reaches a point where the exchanges (if they still exist) can cash you out for pennies on the dollar. Coinbase has already made theirs, so what do they care.

This is all just conjecture, but it seems the most likely outcome but who knows what half-assed regulation or future scams are coming down the pipe.

>>25506142
>Tether even stated this on their page that they consider BTC assets as collateral
Then it works exactly like a Ponzi scheme.

Most of the people ITT preaching Tether doom haven't even read the lawsuit documents surrounding the current case brought by the NY AG.

Hint: they're not suing Tether for "fraud" or regarding their reserves, they're suing for documents related to a 2019 incident with one of their banking partners, Crypto Capital, as well as for documents related to loans between Bitfinex and Tether.

It is also funny how you can trace back most of the Tether screeching to XRP maxis. And they haven't even read the lawsuit. Sad!

>>25504249
Or, hear me out
>USDT being traded for penies on the dollar
>BTC/USDT skyrockets
>arbitrage bots buy in on BTC/USD

>>25504186
Kind of like the Federal reserve does with the stonk market?

You retards don't understand that Tether is being printed BECAUSE THE MARKET SOARS, NOT THE OTHER WAY AROUND

fucking retarded cunts, you've been spewing the same garbage for 3 years.

>>25504447
shhh

>>25504535
To add to this, the one crypto exchange that has been granted a bank charter (Kraken) is barred from fractional reserve lending. So there is no way im hell this unregulated entity is going to get the pass

>>25505632
You don't even know what documents the AG is suing for lmao

>>25506227
if it goes south in full speed,I don't think it will recover real quick. I need to find some info about what you are saying for the insolvency and repayments on aave

>>25505632
its the middle one, they're a shady OTC desk nothing more.

>rich asian wants 10k btc
>tether assiociate goes sure i can get you those, deposit $300mil here
>proceeds to print 300m USDT
>buys btc and gives to asian whale

explains everything

>>25503976

What am I missing, USDT has market cap of only $21B

>>25506328
>i can imagine that documents are hard to organize.
yeah, I'll fucking bet they are
I wouldn't be in any particular hurry to hand that shit over to The Securities and Exchange Commission, c/o New York Attorney General either tbqh

>>25506370
Sell now and stay poor

>>25506355
Inject 20 trillion of dollars into the market and BTC price will pump. Even if it pumps 10 % it'll be 60 trillion.

>>25506198
the concrete subject with the deadline on 15th is known since mid of 2019, but rumors around manipulation and also an affair around lost bitfinex customer holdings dates back to 2018 and earlier. For me this whole thing can still be a nothingburger, but if there's really something going on with proping up btc price through non backed tether prints, then shit hits the fan. However from tether printing and btc price performance alone i think this cannot be concluded directly. See anon's ice cream comparisson above.

>>25506370
wise.
How low do you think btc will go if there is a crash?

>>25506423
Ya, they claim Crypto is centralized but have their own FED pumping their coins kek.

The difference between the FED failing Tether failing is that if the FED fails, fiat fails and money doesn't exist anymore so I would have more issues to deal with than money problems (apocalypse).

>>25506198
People have been talking about it for a while. But most places (and /biz/ included) drown their posts with "lol nocoiner cope". Got to keep those bags pumping.
Most people who can see the shit show unfolding just sell and lay back. No need to spend energy arguing with shills or warning others while being dismissed.

>13 posts by this ID
mental illness

>>25506027
I still don’t get the point of Tether. Crypto to crypto trades are taxable events.

>>25506555
They aren't printing more bitcoin.
Bitcoin's value goes up with demand. Exchanges set the price of bitcoin.

>>25506403
I believe you anon. Will you exchange 1 BTC for this Pepe? I swear it is backed by 40000 $, so BTC price will actually go up by trading it!

OMG

i just realized all my positions on margin trading is USDT...

im not worried about the coin itself to dump in FIAT but in the TETHER which are my positions

should i cancel them? is this realistic ?

>>25506355
this was also my first point of research for evaluating the effect if sth goes wrong. Now look at the trade volume and compare them, it's the other way around. Tether default is a KO. BTC is held with a portio of 60% in tether.

>>25506562
Tether doesn't need to exist. You can buy bitcoin on PayPal.

>>25503976
Can someone explain how converting to USDC doesnt just negate the tether fud? Obviously, tether goes down and the whole market shits, but won't my funds be safu in USDC?

>>25506709
isnt USDC only supported on coinbase

>>25506709
99% safu in USDC yes

>>25504118
Money laundering GONE WRONG

>>25506654
Tether heads are the ones who think bitcoin is worthless, why don't you just give away your stack for free if you believe the tether fud

>>25506654
You can read the lawsuit yourself faggot but I know you won't

you're a baby

>>25506378
this is the market mechanics of a tether default imo. It would be a huge opportunity to load up on cheap btc which is starting in a clean market without some semi backed reserve currency. But it would be a hard crash and a long way down

>>25506709
also USDC doesn't have the liquidity to handle everyone doing this.

>>25506756
>>25506759
You're the retards supporting a valueless piece of shit token. BTC price has been artificially inflated by a bunch of money that doesn't exist.

>>25505632
THERES ONLY BAD OPTIONS

guys we are fucked either way

>>25506663
You're trading crypto with leverage?!
You do realise that even a 2x leverage position will wipe you out if the market drops 50%, right?

>>25506403
you're free to read: https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/
and get some background info on Crypto Capital.

>>25506818
You're the retard who thinks a green piece of paper has value.

>>25506461
i read them anon.

usdt holders either exit in usd (too slow process) or the easier exit is to trade it away for crypto asap

what happens when most of the circulating usdt flood into crypto at one go?

- crypto gets bid?
- exchanges get stuck holding usdt? (expect trading/withdraw halts?)

>>25506736
Binance has BUSD now. Tether dominance is coming to an end anyway.

What happens to the other coins when BTC goes down? Will everything drop 90% or will some go up?

>>25506935
you must be new? didnt you saw what happens in a peak btc bubbles? its bear market boys

>>25506818
I knew it. Nocoiner cope.

I invite anyone seething over Tether to go read the lawsuit. Read it, you might find out something that 90% of these retards took for granted was false.

>>25506959
can you link?

>>25506871
As long as the US government is alive, people will keep believing.

>>25503976

retard here

Why does tether's market cap keep jumping up every day at 1AM? Is there some algorithm that increases the market cap so that the price goes back to $1?

>btc dumps
>people panic sells into USDT
>USDT dumps
>whales and smart IQ's selling to FIAT
>Crypto exchanges run out of fiat because all they have is fake printed tether
>Exchanges halt trading and withdrawing

its gonna be a huge shitshow.

>>25506935
The crypto market is highly correlated (at least the major projects).
It will dump harder than a fat man after taco bell.

>>25507014
i mean how many trillions of dollars were printed by the fed in the past 6 months

>>25503976
It's just cope. The FUD has been around for at least four years now and there's still zero evidence of fraud. The only problem they've had is that the U.S. government hates them because they're undermining the control of the global bank SWIFT network, which the U.S. government can censor. See for example the sanctions against Iran, Venezuela, and China, and the oft-repeated threats to cut Russia off from SWIFT.

>>25506592
>dont post in threads
>dont share trade opinions
>you must buy and hold

>>25507014
the chad fad

>>25506886
usdt holders can't exit in usd when tether defaults. This panama bank that is backing tether would instantly fail, they won't except worthless tether for hard dollars.

>>25506871
>green piece of paper has value
Green piece of paper has air carriers. Can't really argue against them.

>>25507021
yet none of the exchanges, which are raking in huge fees with all this trading (often paid in USDT), don't seem to know or be concerned by their impending doom

>>25507151
simple
convert the USDT into actual fiat
i really dont fucking think big exchanges are retarded enough to be keeping that shit as monopoly money
convert that shit into real money while you can

>>25506987
here, all documents are also linked:
https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/
Make up your mind.

Trump has turned into a full Qanontard since November. There is no doubt that China via Tether are helping the Q network and extremist groups raise some money to conduct violent direct action to shake up and suppress the western economies in the forthcoming years.

It's more imperative than ever to ban crypto trading and this pyramid scheme as it is nothing but a fund raising vehicle for extremists, terrorists, criminals, psychopaths and autocratic oligarchs.

So action against Tether isn't just about combating fraud and counterfeit. It should be a new war on terrorism that is being fueled by pyramid schemes, ransom demands, fascist tendencies and conspiracy theories.

>>25506461
'the NYAG’s office has asked for “all documents” around USDT..'
>from the horses fucking mouth (or donkeys arse) - Charles Michael, attorney with Steptoe and Son, representing Bitfinex.
what part of *all documents* are you struggling with here, exactly? Odd, Bitfinex are screaming like pigs in a noose, instead of just providing the AG a quick look at their scrupulously organised and entirely legit core business finances documentation. Isn't it. Maybe, they should JUST hire a firm of auditors? thats A.U.D.I.T.O.R.S. - its in the dictionary.

>>25507252
yeah but exchanged DOES NOT HAVE enough fiat to pay,

most of them are holding tether.

you should get your moneys out of exchanges asap.

Would it go down about 80%? Much less? Is there any reason to believe it would go down much farther?

>>25507275
stop posting this same exact worthless fud article you absolute fucking shill

>>25507354
yeah fair enough
im just keeping a bit of fiat on binance so i can buy xrp when it goes a bit lower and then move it off

>>25506403
>In April 2019 New York Attorney General Letitia James filed a suit accusing Bitfinex of using Tether's reserves to cover up a loss of $850 million. Bitfinex had been unable to obtain a normal banking relationship, according to the lawsuit, so it deposited over $1 billion with a Panamanian payment processor known as Crypto Capital Corp. The funds were allegedly co-mingled corporate and client deposits and no contract was ever signed with Crypto Capital.[26] James alleged that in 2018 Bitfinex and Tether knew or suspected that Crypto Capital had absconded with the money, but that their investors were never informed of the loss.

>>25507295
im glad its finally coming to an end.

a new era of regulations and clarity is going to start.

>>25507275
>https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/

These aren't the current lawsuits and you know it. Funny how you would link that instead of the very easy to find info surrounding the current case by the NY AG.

Ask yourselves anons, if this dude was anything but a seething nocoiner, why won't he just link you to the current info?

Wouldnt investors just flee into ETH and BTC from Tether?

>>25507151
bitfinex is even in debt towards tether through an outstanding loan they took

>>25507394
Yup, exactly. The lawsuit has to do with that, not with their reserves or overall fraudulent state (which would be a much bigger deal)

>>25506604
lmao
do you think even a bit further
that demand is artificially created by tether rofl
thats literally all this is

>>25507252
I thought you can't convert USDT into fiat, seeing as it's not backed. so the exchanges are happily raking in their fees in funny money?

>>25507139
then the risk of exchanges shutting off trading and withdrawals are probably quite significant since exchanges would rather not usdt in their inventory?

>>25507457
No, because they aren't stable coins or liquid.

>>25507521
yeah thats also one big reason why tether is fucking nonexistent fake money
its basically USDT to XRP and XRP to USD which is the only way
USDT doesnt exist

>>25507445
>>25507488
>anything but a seething nocoiner
the comeback of last resort. yet again.
change the fucking record you Ponzi apologist. When you get pulled up on any of your bullshit, >>25507302 you just ignore it. Anyone with half a brain knows where that investigation is leading. For fucking sure, Bitfinex do.

>>25506196
Can we see the whole crypto market in comparison? If people take profits from alts they'll be turned into Tether. Also it's a feedback loop. People notice Tether is minted - > people think pump is coming - > pump comes > Tether has to be printed to keep up with demand

>>25505632
I don't know how Tether ever managed to get into DeFi. There are so many stable coins now specifically created for DeFi

>>25506871
Green piece of paper pays for the military, runs the US government and pretty much all foreign trade in the world.

USDT pays for crypto by pretending to have the same value as USD.

>>25507526
if the allegations are true then yes. But i'm in no way sure what the outcome is. Hoewever everything seems very obscure at least.

>>25507457
They'd flee into DAI and USDC

>>25503976
Just be cautious until the 15th. If its fud nothing will happens and you go back to the usual. If not then you'll be sitting pretty.

He seems to be pretty confident.

I have a economics 101 question about how this all relates to GRT.

From what I've heard, a huge portion of GRT is locked up in delegating for 28days. So in the event of a tether-crash, people would not be able to sell this stuff for some time afterward. Does this mean GRT would be more stable, and go down less then other coins? Or am I being a brainlet?

I ask because I want to buy GRT at 0.01 cent.

>>25507898
I'm just worried about the freeze function in usdc. Dai doesn't have this as its less centralized but it did have bugs previously

>>25507954
He has a point though. The tweet he is quoting prints USDC. They would benefit the most from Tether crashing

>>25507954
I am not an expert, but I doubt someone who works for bitfinex would be totally truthful about this...

>>25506196
>Hot weather starts -> ice cream sales increase.
>Tether is printed -> BTC price spikes.
>Tether "minting" occurs BEFORE BTC pumps, not after.
Chinese citizens use Tether to get around Beijing's attempts at cracking down on capital flight through Bitcoin.
The Tether wouldn't come second for Chinese buyers. That wouldn't make any sense.
https://decrypt.co/32041/chinese-investors-secretly-buying-bitcoin-helped-fuel-tethers-5-billion-surge
https://www.cnbc.com/2020/08/21/china-users-move-50-billion-of-cryptocurrency-out-of-country-hinting-at-capital-flight.html

>>25508010
There's also TUSD and sUSD. sUSD is especially cool because it's minted by users and they actually have to burn sUSD manually to gain SNX rewards.

>>25508082
Yeah I believe it's mostly organic even if doesn't appear that way. It would be fucking insane if they kept printing while under investigation. What would be the endgame plan? Paolo Ardoino would have nowhere to run and he is being watched.

The better question is: How is the market gonna react when Tether is actually CLEARED from all suspicion. What would happen if there was 0% doubt that Tether is fraudulent and everyone could embrace Tether? Cause I'm gonna be honest I'm careful of Tether because I still think there is a chance it's all fake, but if Tether was 100% cleared I'd jump on options and futures that use USDT

>>25503976
This is Tether's death rattle. Look at this and ask yourself, are normals and boomer institutions REALLY paying for btc with tether?

>>25508363
Well then who is doing it?

>>25507445
thank you for your input anon

I'm reading the lawsuit, and it doesn't look good at all. if tether goes down this could end crypto for the masses. It would be forever branded as amyway mlm schemes or Mary kay and Ashley shitty products. The biggest tulip scam

>>25504050
>If they cant show their balance sheet to NY AG, it's going to go to the SEC.
That part's the fud. NY AG has requested documents specific to Tether loaning to Bitfinex. Tether is regulated already with KYC adherence so what's happening with the SEC and Ripple is a different topic, and nobody thinks Tether isn't complying with the request to hand over loan documents to the NY AG.

Damn, this sucks. You think /g/ will make another ponzi scheme for us? With the knowledge I have know I think I can make it to Rothschild Tier.

>>25508363
>>25508452
See:
>>25508082
It's China. This is already known. Why do you keep trying to paint it as some weird conspiracy because Western buyers don't use it? China's the one with an actual communist dictatorship not condoning Bitcoin. Obviously they have more of a use case for Tether in getting around that, and the geo traffic corroborates this.

biggest and the most of exchanges trading Bitcoin against USDT are chinese/asian

>>25503976
The last action of the dying American monster will most likely be to brutally rape Tether under lame pretexts - globally, because it was too Chinese and too big. The collapse of Tether will lead to massive financial panic and World War III.

>>25506736
Kucoin has btc and eth trading pairs. Maybe more

>>25504591
I think this is what will happen. A 90% drop

>>25508452
It's the chinks, anon. Tether is getting audited on the 15th. So their plan is to pump up btc with Tether, then sell the bitcoin for USD. Then, when the SEC comes knocking, they think they can just show them the money they just got to prove it's backed. Only issue is, the SEC is obviously going to be a bit more thorough in a 21 billion dollar investigation.

>>25508704
>Bitfinex doesn't even show up for top exchanges using USDT

Holy shit. The FUD is that Bitfinex is pushing the prices but they aren't even using it

>>25504242
This please

>>25508902
Do you actually believe this?

>>25508925
but wasn't coinmarketcap bought by the chinese? binance? it isnt showing either.

>>25508902
Its not getting audited on the 15th!

You keep spouting this shit but try READING THE LAWSUIT

>>25504590
Aren't you sick of knowing the an "investment" is COMPLETE AND UTTER SHIT and asking "when will the ponzi collapse"? JUST GET THE FUCK OUT NOW BITCOIN IS SHIT

>>25504590
Aren't you sick of knowing that an "investment" is COMPLETE AND UTTER SHIT and asking "when will the ponzi collapse"? JUST GET THE FUCK OUT NOW BITCOIN IS SHIT

So USDC is the place to be?

>>25508925
>>25509051


>Bitcoins REAL US dollar marketcap valuation is 178Million $

what is the btc's real value, like 60 bucks?

>>25509173
to produce btc I need to buy a miner which consumes tons of electricity. we've spent years making better and better chips to mine too. also any pajeet can make a scamcoin, but that scamcoin has no value faggot so it doesnt matter in the end.

Anyone who's not retarded knows that USA is gonna crackdown on cryptos, btc and tether will be deemed a Chinese asset, all the shitcoins will be banned and XRP will be the new paradigm.

After all,
>Btc = chyna
>Xrp = USA

Games over faggots

>>25508363
don't you faggs realize what missing from pic related

>>25508987
Would be quite insane. Our magic bull run is indeed tether's exit scam proping btc up, dumping it and generating the cash that's needed.

>>25508007

The staked coins become worthless

>>25509101
Lol, it's not an audit true, it's a questioning by an attorney ffs. They'd ten times rather be audited anon.

>>25509777
Holy digits. Please don’t come true.

>>25509777
checked
>>25509507
>>25508082
https://www.theblockcrypto.com/post/7800/was-bitcoin-really-manipulated

>>25509900
Y..you too, fuck what's going on?

>>25506871
Brainlet take.
You can buy physical products with it. And men with guns will carry your away if you don't pay your taxes using it.
There's your value.
Still think there's no value? Cool, transfer it all to me then.

>>25509835
So questioning on the 15th? Is this even a concern? This tether fud looks way worse than anything else.

>>25509900
you're not answering my question fag
once you use more than 2 brain cells it's pretty obvious, but this board seems so priced out that they hang on that fantasy of unbaked tether

>>25504447
>>25505970
This is insane copium. Tether is everything, without it all crypto drops 99%

So sell now?

>>25510134
I admit i have no idea if it's a pure fud or if there's substance, but the questioning could get complicated in regards to tether's maybe a bit shady history. Also i think the attorney simply know quite well what's going on, this loan from a few years ago they're investigating is probably the pretense to check them thoroughly.

>>25506600
Only if you're an American that lets other men have sex with his wife. Nobody cares about Americans anyway.

>>25503976
happens every pump/bullrun

>>25510376
I think so anon.

Tether fud is a nothing burger COPE from nocoiners seething that they saw bitcoin at $10 and didnt buy. Even if tether failed you literally cant cash out to fiat anyway so the safe haven asset is bitcoin.

>>25510475
You cannot cash out tether to usd directly? I thought this was the main business case from tether.

>>25510376
Maybe?
It may be nothing and you might buy your crypto back later on.
It may be FUD and BTC will crash anyway before 15th because of it.
It may be true and the whole crypto market is fucked.
Whole crypto is a gamble man, no-one knows for sure what'll happen.

>>25510475
>NOOOO MUH TETHERINOS
You are believer, aren't you?

>>25506142
kek
>tether is backed up by btc
>btc is pumped up by tether in turn
jordan was right
bitcoin is going to zero (hyperbolically)
https://www.youtube.com/watch?v=qpuH9zg-Kwo

maxis are only considering the tethergeddon now?
(breathes in)
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

>>25508363
>are normals and boomer institutions REALLY paying for btc with tether?
That's not what your picture is saying. Tether is the main pair for BTC on the biggest exchanges. That's market makers, traders, arbitrage and all that. You actually thought 80 billion in daily volume means 80 billion were bought up that day by normies and institutions?

>>25510579
Can someone answer that? I somehow cannot imagine that this is a nothingburger if people can't cash out, you'd have a run at the exchanges in seconds. I've never used tether.

Sell sell sell.

Sounds like a huge opportunity for a short.

>>25511019
Yes, best you place your short in ustd on bitfinex.

>>25510677
>if only Satoshi patended Bitcoin everything would be fine
Absolute meathead boomer retard.

>>25504679
Tether fud didn't start with the NY ag you mouthbreather. Bitfinex'd was around longer than 2019. Before he got doxxed. Tether was fud back in 2016.

>>25506130
>In fact, the ripple trial and the USDT trial are on the same day
holy shit this i was not aware of
that is literally the perfect fucking setup for the flip switch

>>25511061
Kek binance has the option to use btc why not try with it ?

>>25510677
>2017
kek he's already wrong.

>>25511302
There's not trial what i understood. 15th of January is the once extended deadline for submitting of documentation to the attorney. Based on it they will drop investigation or continue.

>>25508902
BTC volume is much bigger than tether though

>>25509176
same game, different name

21 million bitcoins. Thats it. It does not matter what tether does. Bitcoin as an asset just is.

>>25506403
>funny how you can trace back most of the Tether screeching to XRP maxis
This whole tether thing didn't even start until the sec sued xrp. You can see it all over their Twitter pages too. Talking about the upcoming lawsuit and how xrp will take over.

>>25511389
No, tether has 115.704.886.301 $
Btc has 94.367.926.300 $
At least coingecko says that.
Market cap of btc is of course higher, but tether volume is insanely high. Probably because it's used with all kinds of tokens.

>>25506600
>Crypto to crypto trades are taxable events.
It wasn't clear when tether was created. People assumed it was just to cash so tether was a good substitute on exchanges with no fiat pairs.

>>25510475
ironically, you're the one who is coping right now. you will see.

>>25506485
21Billion air

>>25511555
I think it's mainly used for arbitrage and quick trading. You can't wait for usd balance to show up and then to buy in again, you need on chain transactions.

>>25506901
If we have usdc, tusd, busd, dai, etc then why are they still creating massive amounts of tether? It seems like if it were not a scam people would move to the safer option and tether would die out. Tether goes to 0, btc goes to infinity on binance and btc goes <$1,000 on coinbase. More realistically coinbase will shut down as they do on all major dips and nobody will know the true price of a bitcoin. Imagine all the lies that will be told on crypto twitter. Imagine how clogged the btc network will be. Imagine how many will commit suicide.
There will be an excellent buying opportunity.

FUNDSU ARE SAFU

BUSD GANG

>>25509507
What do you think is missing, fud-anon?

>>25512054
True. If it's really the case, the dip will be a huge buying opportunity. But also the rope for leveraged retards trading with their last pennys and anons who came a bit late to the money.

>>25512182
to the party i mean

>>25503976

C
O
P
E
:

T
H
E

T
H
R
E
A
D

>>25512169
how do you think the chinks get in ?
USDT is backed by chink money that's why they don't disclose it

>>25509173
>based gold silver investor
>there is nothing behind bitcoin

>>25512782
So how will that play out in the hearing with the attorney?

>>25510896
theres no such thing as a USDT/USD or USDT/EUR trading pair
USDT is literally imaginary money backed by nothing/chinese money

>>25513115
they will have no jurisdiction anyway

>>25512362
>namefag
Didn't count.

>>25512782
Then why do they say stuff like pic related? Why not actually explain what the "reserves" are or have an audit? The simple fact is that you cannot redeem a tether for anything except a cryptocurrency and that is why it is a ponzi scheme.

>>25503976
so what real banks also couldn't cash out their entire clients worth if they were asked

>>25506196
people bring in the ice cream before the hot weather starts you fucking retard

You people don’t realize this is bigger than just printing money, this about USA vs China. Every exchange that deals with tether will be halted, including uniswap. Shits gonna be bad there’ll be no time to get to the exit

>>25513306
that's incredibly vague
they can't just say that 1 usdt =/= 1 usd but the equivalent in chink money because it would crash the price

>>25506378
false, multiple companies have been buying hundreds of millions dollars worth each of bitcoin. youre either a retard or a larper fudder

>>25513442
>Believing that Microstrategy bought at market price.
Those are almost certainly OTC trades. Whales know they cannot liquidate their wallets without crashing the price so they make deals with players like Microstrategy. Does anyone know exactly how many bitcoins Microstrategy bought?

>>25513442
$400 million institutional investment into bitcoin is the bull story of the year
meanwhile it's fucking nothing compared to the 18 billion tether printed in the past 3 quarters

>>25503976
The Tether FUD network is funded by big players. Their goal is to keep normies away until most coins are owned.

>>25504117
Or people go all in on Bitcoin to flee stablecoin and pump my bags

How does one actually cash out of BTC and get actual USD instead of USDT play money?

>>25514475
using an exchange that uses actual USD trading pairs

>>25510896
People can't cash out to fiat from tether. So like last time there was a panic it pumped every coin. Then when it was clear tether is fine it bleed back down over weeks.

>>25514475
btc atm or local bitcoin shop p2p

>>25513744
This + i'd be interested in that too how much btc they actually bought which caused this rallye. You keep hearing that narrative that this is a bullrun based on "institutional investors" aka shady hedgefunds like grayscale or microstrategy.

>>25513998
Ok and this is based on what? Or is it your personal conspiracy theory?

>>25514551
So you're saying the pump is from people buying btc because they want to be out of tether at the moment? Then the bullrun would have been caused unironically by the "tether fud" itself? (i have no idea if it is one or not)

>>25506736

No it's an ERC20, so any Eth wallet. Lots of other apps too. I buy USDC and then store it in my Celsius account for interest.

>>25514608
All the factors lined up, halvening, dollar index falling, asset inflation, corona moving everything digital, the old "institutions" already in crypto and then we got these high profile institutions eating up the immediate supply on top of all that.

Chinks have to use USDT.

>>25511385
they will drop it. you have until january 15th to accumulate.

1. the lawsuit has nothing to do with Tether's solvency or overall fraudulent status
2. the lawsuit is dealing with loans made between Tether and Bitfinex during their crisis with Crypto Capital in 2019
3. Tether has been cooperating
4. Tether and Bitfinex tried to recover the funds lost by Crypto Capital in 2019 and are likely going to get hit with minor fines at most
5. most of the people deep in the Tether FUD are nocoiners and XRP maximalists. No joke, look into it.

Will a potential SEC investigation affect other coins, namely DAI or USDC?

>>25515088
Saying is they demanded a shitton of documentation. I doubt on the one hand that there will be some kind of decision on the day these data is handed over. On the other hand, if they want to cause tether problems, they will do it and find something.

>>25515190

so you say its completely normal that shady hong kong chinese "company" prints billions of tether to pump Bitcoin? why the fuck they dont print chinese tether? why it has to be fucking USD? they dont have the REAL dollars to back their stupid bubble-air money. prove it that they has? you can't because they DON'T HAVE IT.

this is just iq200+ chink play.

your kind of people are delusional BTC maxipads thinking that their 2008 relic with 6tps are going to rule the world? price is based 10% hype and 90% fake tether printing. you can see it every day from whale alerts, they're printing billions of usdt per week

>>25515190

so, you're saying that its completely normal that shady hong kong chinese "company" prints billions of tether to pump Bitcoin? why the fuck they dont print chinese tether? why it has to be fucking USD? they dont have the REAL dollars to back their stupid bubble-air money. prove it that they has? you can't because they DON'T HAVE IT.

your kind of people are delusional BTC maxipads thinking that their 2008 relic with 6tps are going to rule the world? price is based 10% hype and 90% fake tether printing. you can see it every day from whale alerts, they're printing billions of usdt per week

>>25515190
Moron this has nothing to do with loans or lost funds this is about the US trying to fuck over China billions of dollars they couldnt give a rats ass about how it’ll affect the markets

>>25504258
Source or bullshit

>>25515728
The lawsuit is explicitly about loans between Tehther and bitfinex, seethe all you want about it

>>25515687
Your midwit take doesn't matter! Seethe more you salty nocoiner baby

>>25515485
I'm not sure if it's really printed out of thin air, but it's more or less clear that it's not backed 1:1, tether itself admitted that (they count loans and also btc itself to their collateral). What i'm seeing problematic is that with the high volume btc is held in usdt, it basically creates the price, as everybody assumes it corresponds to usd. All major exchanges have their market makers imitating btc traded with tether. And this is where it gets problematic, when usdt is not corresponding to one usd, the price finding may be false and people believe they have value in their hands which they basically don't have. This works as long as new real money pours in and no larger cashouts happen. I know that fractional reserve banking works too, but here every market participant assumes a 1:1 backed stable, and if it's really the case that they have btc itself as collateral on their balance sheet, then things could potentially get ugly. I'm not able to see what is fud here. It doesn't have to explode or sth, but the danger should be clear (given the case that the coin is indeed not sufficiently backed)

also am i retarded or doesnt the claim "USDT is backed up by USD" require that the printers have all the USD in their possession lol

>>25515826
Yes, but it's a loan that was paid out of their dollar reserves that should have been the funding for their proclaimed 1:1 backing. That's imo the thing the attorney wants to know: What is actually the reserve of tether? Can they show a huge dollar fund corresponding to the outstanding coins? Or do they have loans and cryptos as collateral? Or even chinese yuan? That's the main thing they want to find out with the documents.

>>25506403
Holy shit anon, stop gatekeeping the tourist shakeout thread ffs.
We had a good thing going and you ruined it.

>>25516297
yes, which is literally impossible because every fucking bank in the world, even corrupt shithole thirdworld ones, refuses to bank for them. Tether is probably backed by significantly less than 1% liquid USD

>>25516823
They could have it in vaults, dumbass.

>>25516823
lmao
bye bye crypto
all that will be left is a ripple

>>25503976
>money enters the market
>USDT printed
That's all
>>25504117
btc cannot go to zero screencap it
>>25504270
>btc dips
>no/less tether printed
>btc go up
>more tether printed
That's what actually happens.

>>25516823
Not really. Do you think your bank account balance is backed by 1:1 USD holdings? It's not
>but fractional reserve is bad
It is
BS https://wallet.tether.to/transparency

>>25517165
Are you honestly advocating that it's find that a private company performs bank-like fractional reserve banking while telling investors their funds are backed completely?

I've searched everywhere and can find only a SINGLE fucking article about it which is written by a NIGGER. Is this FUD actually fake and noone else dared to research and just spread FUD believing it?

>>25514086
Your bags are pumped. They have been pumped, non-stop, since the start of summer. Now the air (USDT) that has been inflating your bags stops being air at all. Guess what happens next?

>>25516823
>Tether is probably backed by significantly less than 1% liquid USD
I know half of you are just pretending to be retarded but come on. The reason this fudfag talking point even exists is because we already know from their last filing they backed with 74% cash even when at their most leveraged. And there was never any legal requirement that they do have cash backing every USDT. They can peg to USD and without 100% backing in cash.

>>25516793

its shitcoin its backed by fiat just 60% get into real money crypto is delivering that with ppay paypal killer

>>25517524
this talking point has existed long before they made that filing
and you are trusting the 74% statement is true, when they have been previously caught in lies several times
and even the statement itself was that it is 74% backed by cash and other shit
we all know it is almost entirely the other shit, which happens to be crypto and loans

>>25510677
> 2018
Kek

>>25517908
way to miss his point
also he didnt say BTC is the scam or that BTC would literally be 0
https://www.youtube.com/watch?v=uYc24qxV_ug
heres him talking recently

>>25503976
>tether explodes
>everyone swapping tether for bitcorn and etheyeum
>bitcorn and etheyeum price goes up
ez

>>25504476
newfag have to go back

>>25517949
Good video actually. Its the same things Ive thought about. I bought 2 btc at $20k but of course I know that the jews wont let this continue forever. The question is just how long it can pump for.

>>25506600
Bitfinex got hacked and they offered people Tether as literal IOUs instead of real dollars.
Later it somehow became the biggest stablecoin despite plenty of alternatives existing which are actually regularly audited.
As for stablecoins they have a use case because you can quickly and easily transfer what is basically fiat, for example from one exchange to another, or to someone on the other side of the planet, without going through slow and sometimes expensive wire transfers.

>>25519017
>somehow became the biggest stablecoin despite plenty of alternatives
>somehow
chinks

>>25517847
If they were lying they'd say 100%. Their general council filing on the record for 74% is a pretty solid indicator they have 74% worth in actual cash. Which is again not even a legal requirement for them to begin with so this entire talking point is retarded.

>>25517039
>btc cannot go to zero screencap it
It kinda can, but that would require either someone with 51% of network doing some shit with blockchain or miners abandoning it altogether (which could happen I guess once it wouldn't be profitable at all to mine it)

>>25519132
>Which is again not even a legal requirement for them to begin with
Tether made it one when they kept on with their 'Tether is 1:1 USD backed!' - horseshit. They were still claiming this even after the NYAG pulled them up on it. A(n unlikely) claim which they are now going to have to prove was true at the time. The fact that they then dropped this (after the NYAG started taking a public interest) to '74% backed' with 'eh, cash, and, uh, things and stuff..' is actually a pretty solid indicator, they are backed by piss and wind. At best.
Bitfinex loses $850m to money launderer du jour CC, 'borrows it' from obliging sister Tethers ever-handy reserve pile, writes an IOU? Tether is now 'backed' by this IOU, Bitfinex has their cash back, everyone happy. Except, $850m is (still..) missing. And thats just 1 (one..) episode we do know about. Tether prints 500m for an exchange, exchange gives them back a $500m IOU, everyone happy. Until the exchange goes tits-up. You wouldn't need to go far to dream up a scenario that starts a run on Tether. And the fact there hasn't been one yet, just indicates how many co-conspirators are frolicking merrily in the trough with the cunts. All up to their necks in shit.

>>25503976
>my fake dollar costs 1 real dollar because I said so. Yes we're completely ethical and legit. No you're not allowed to see how we operate.

>>25517949
He's focused on the parts he recognizes and ignores the parts he doesn't understand which are the only important parts. BTC is not a currency or investment vehicle or whatever, it's a completely new technology. Basically the only thing the technology does is try to protect against exactly the scenarios he thinks are inevitable. He's still talking about cashie memes in 2020, no awareness about the subject.
>>25519056
It was the only stablecoin around. At one point all the popular exchanges were racing to bring usdt pairs to pretty much every shitcoin which clearly had been an issue with direct fiat.

>>25515728
they all fucked up we need new system which we can trust and is not centralize get into plasmapay ecosytem are trying to change the world with its new and fast transcations

>>25504705
What? That graph doesn’t show printing months ahead. But even so that would make more sense than
> yeah I bought so many bitcoins last month
> better print a few billion usdt to pay for it, I guess the sellers will want their money soon

>>25519890
>BTC is not a currency or investment vehicle or whatever, it's a completely new technology.
lol.
yes, it is a completely new technology yes. it can function as a currency, but it is awful at it. it is nothing but a speculative asset. the most important thing here is that speculative asset is manipulated beyond hell and propped up by complete scams like tether
XRP is millions of times better (im pretty sure this is a mathematical fact) than BTC and can function as everything basically
belfort is alluding to exactly what im saying
central bank digital currencies will be the real thing while bitcoin stagnates.

>>25503976
Maximalists can stfu. Tether is a fraud.

>>25504118
Stable coin. 1 for 1 with US dollar but its not located in US.

>>25520058
ppay gonna be huge in this altszn hope it work out and they stick with what they promise

>>25504258
It's almost like there's increased demand for tether when Bitcoin is rising. Now do the same chart for other stable coins.

>>25520067
It doesn't have to function as a currency or any type of asset you're familiar with. It's just Bitcoin.
Those that understand what it does will continue to buy and hold it.
Those that don't will continue to fall for scam after scam with no clue why you would ever buy one digital asset over another.
Equivalent tech to XRP existed long before Bitcoin and when used to run currencies like e-gold they were simply shut down easily. If that was an option with BTC the US would have done it a long time ago. It was not recognized in any way at all until they gave up trying to kill it directly which opened the door for scams like XRP to survive in the regulatory vacuum.

>>25520300
1st of all: bitcoin is completely worthless and is nothing but an imaginary speculative asset propped up by fraud (along with virtually every other crypto)
2nd: you dont know what xrp is lol

>>25506355
> doesn’t understand how markets work and how market cap is calculated

Ngmi

>>25520189
upcoming protocol seems good for ppay with hyperloop and zero gas fees lets see

>>25504050
The danger isn't the outcome of the case. The danger is the intent of the government. The want fed coin and no stable coin 3rd party.

>>25503976
Just use USDC. I dont see the need for anybody to use Tether.

>>25520375
How do you know all this? Why does documented history not fit your retarded claims? If Bitcoin does nothing special why did this specific speculative digital asset survive when no other before it did? Why were there so many nerds excited about it when it happened?
They could have just set up a trusted network of nodes like e-gold did and XRP still does. Why did they bother with Bitcoin and why were they so excited about something completely worthless? What world do you live in? Why do you think you know anything about systems design, software development, economics or anything?

>>25520674
>If Bitcoin does nothing special why did this specific speculative digital asset survive when no other before it did
lmao
1. it was the first one
2. novelty
3. retard fomo
4. retard hodl
just buy xrp fucking hell

>>25506384
> tether buying btc makes it a ponzi
No, that makes it a bank.
You give tether $10 and get 10 usdt back with the promise you can exchange it back for $10. Tether then buys btc with your $10 and when you want your $10 they sell the btc and pocket the profit.
You give $10 M0 money to a bank. They hand you a reciept for $10 M1 money and a promise that on a good day, you might be able to exchange that back into $10 M0. Then they spend your $10 M0 on TSLA and when you want your $10 M0 back they sell the TSLA and pocket the difference.
You may certainly raise questions around whether tether has followed applicable regulations that would allow them to do this, but it remains true that the follow the operating procedures of a bank, not a ponzi.

>>25520709
>it was the first one
The first speculative digital asset? You can google these things instead of just making random nonsense claims. Why are you talking about crypto at all if you're this ill informed?
https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/

>>25520911
whatever man
just keep hodling your boomercoin
its obvious that you dont actually see the whole picture

>>25520709
xrp is shit get real money with pols the dex on polkadot is becoming fvt to raise funds for companies

>>25520825
>No, that makes it a bank
>You may certainly raise questions around whether tether has followed applicable regulations that would allow them to do this
yes, one may, mightn't one.
I believe banks are subject to independent audits for a start. But then again, so are most bog-basic businesses. Odd, Tether refuses to subject themselves to one. I wonder, what could they be trying to hide?

>>25520965
You don't know anything about the picture. You've never even glimpsed a small part of it and neither has that greasy fucker in the videos who pretends like he's an authority on the latest technology because he used to sell penny stocks.

>>25521138
what if i told you crypto markets in their current state (before the upcoming immediate clarity from the SEC XRP FUDsuit) are literal pennystocks except on a mass scale that will get every normie btfo'd

>>25521197
You can't tell me anything because you don't know anything. You don't base your claims on anything relevant, it's all random noise.

>>25521329
buy xrp when you can brother

>>25506196
dude you really don't understand supply & demand
>grocery store manager
>'looks like some hot weather ahead, but clearly I have no reason to order more icecream'

Does anyone know a good way to track USDT printing? The faster you know when it is getting mass printed is when you need to sell BTC and rebuy at a dip until this shit implodes.

>ctrl+f XRP
>20 results

some of you are starting to understand

>>25505632
>realization that BTC is proped up by sth that isn't 1:1 to dollar as everybody thought
Welcome newfag, look at their website, they admitted a long time ago that their spaghetti currency isn't backed 1:1 by dollars, this fud is already priced in sice 2017

>>25521371
The real crypto blackpill is the courier is coming this month with the private keys to the genesis wallet and operation dragonslayer will finally be executed fully.

>>25520825
The entire point of BTC was to not be subjected to the bullshit that come with banks.

>>25503976
Its too late.

Tether fud = Whale games

>>25522392
It's not, tether is not btc. Btc is as involved in frac bullshit via tether as it is via straight up USD

Here is the full lawsuit:
https://www.courtlistener.com/docket/16298999/110/in-re-tether-and-bitfinex-crypto-asset-litigation/

>>25522464
yeah 113 whales in this thread alone

So let me get this straight.
Tether pumps money out of straight air to pump the entire market, so in an effort to save the ailing American Dollar, the SEC will pursue action against Tether, in the most 5head play of all time, to topple crypto and have people running for their lives back to USD?
Holy shit.
Well, little do they know I'll just convert to USDC and ride that shit out while earning a 4x better APY than centralized jewbanks could ever give me.
Jokes on them.

>>25523274
the question is just, is it better to sell before the dip and then buy back, or just hold through the whole lawsuit even if it dumps?

>>25523398
sell into what?

>>25523398
My plan is this: have a shit ton of gas ready lmao.
At first sign of tether being sued, frontrun faggots to get into USDC. Then wait and buy the dips like a madlad

>>25507354
Wait, so let's say that tonight I sell all my shitcoin stacks to turn them into USD on a regulated exchange, and decide to keep that USD on the exchange through January in case of a major crash
Is this a bad idea? And if so, why?

>>25523398
>have 1 btc
>sell btc for 30k usdc and buy 3btc at 10k
>have 1 btc at 30k in 2023
you choose

>>25523521
we cant tell if the exchange really has that USD. not your keys - not your coins.

sell for fiat and deposit them to your bank account. that'll be the safest option.

>>25523429
USD or a stablecoin with actual USD backing

>>25508007
>GRT
no one answered this and am genuinely curious

>>25523850
Thanks, anon. Will do

>>25523429
Actual currency?
When BTC dumps, it drags the whole crypto market with it. Every time.

>>25523429
Was thinking fiat.

>>25523501
> USDC
Yes this is a good idea too. Can you do that on Binance? I take it you can't store USDC on an offline wallet? So perhaps would be risky to store it on an exchange.

>>25523910
it all depends on demand, which is currently low
so I doubt itll be stable

>>25523569
Yeah, but what if the Tether things turns out to be a nothing burger and BTC keeps on mooning to 60k, while you sold for 30k. Thats my fear. And its probably just as likely to happen.

>>25524317
convert 50% of your assets to usdc then, you loose either way, but atleast youre not risking your whole stack