/biz/ - Business & Finance

>>25653363
Biggest rug ih human history about to happen

>>25653409
This
Tether is about to COLLAPSE.
BTC will be at 12-15k without a doubt by February.

>>25653363
My mom gave me some lunch money...

GET FUCKED MUMU
AHAHAHAHAHHAHAHAHHAHAHAHAHAHHAHAHAHAHHAHAHAHHAHAHAHAHAHHAHAHAHHAHAHHAHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHAHA

>>25653466
Look at how those goalposts shifting to right!
>3k
>9k
>15
>25k
>etc...

>>25653363
it's real O.O

>>25653409
>>25653466
Nocoiner cope

12 years assholes

>>25653466
Tethers marketcap is 20b. What's BTCs?

Tether is fucked anyway in a week or so, they're trying to capitalize the most out if it.
I would do the same.

>>25653363
I blame /biz/ for trolling people to buy now. If you buy now you literally never break even on that investment.

>>25653363
the simplest answer is usually the correct answer

>suppose they falsely printed x bil tether, why the hell are they still going? is there really any incentive? why would they dig a deeper hole.

OR

OR

MAYBE

>they are just a shady OTC desk
people offer $ in return for BTC, tether can handle this exchange by printing USDT and buying btc for the buyer.

shady? yes. money laundering? probably. unbacked fraud? doubt it.

>load ze tether fud

>>25653594
...b-but i-if u-u washtrade-de it mutiple times...

>>25653363
>>25653409
>>25653466
You all sound like a bunch of faggots. IDK what tether is, some scamcoin I'm guessing. Bitcoin's current situation has nothing to do with some pajeet shitcoin. It's all about supply and demand.

>>25653632
Rich people have to follow regulations anon. You really think a rich person would do that, just launder money and break the law? No way that's impossible clearly tether just wants to take on unlimited risk for no reason, yes.

>>25653594
The real question is how much of BTC market cap is "real".

>>25653632
and who got the shady paper dolars? banks and gubments...boom its fedexchange biatch, lizard ppls money is in btc balls deep...

>>25653409
>>25653466
buy signal
I'm longing this shit with x10 leverage

>btc shoots past 2017 ATH and goes on another bull run
>reddit nocoiners dust off the old 2017 tether FUD

>>25653594
are you stupid?
$20b usdt market cap = $20b but
$735b btc market cap != $735b

>>25653594
You could effectively wipe out 400 billion off btc marketcap by market selling only 10 billion worth of btc across exchanges. Thats how flawed marketcap is in general but 17 year olds don't understand this so..

>>25653363
>imagine buying this thread

>>25653363
It didn't "fail"... Hasn't fucking dipped all morning. There's nothing on the fucking chart that would indicate that, thus your low-effort narrative falls apart.

>>25653707
based

>>25653363
> 2.1 Billions in 7 days

>>25653594
The marketcap philosophers are invariably a clear sell signal

>>25653728
>implying theres not $20bil worldwide that'd be willing to be laundered.

idk what % that is anon, but its TINY. just 1k asians or ruskies with shady banks can easily give tether $20bil.

>>25653728
>>25654278
also look at my first message, they'd be buying OTC by the book. usd -> btc.

just BEHIND the scenes at SOME point, tether is part of the chain USDT -> btc.

>fag nocoiners seethe because everyone is getting rich except them
>break out the tether fud
like fucking clockwork

>>25653594

>>25653363
>>25653466
>>25653538
>>25653594
>>25653623
>>25653983
>>25654132
OH SO WHEN THE FED PRINTS MONEY TO PROP UP FAILING TECH THATS ALL DANDY BUT WHEN TETHER TREASURY DOES IT ITS THE WORST THING EVER
FUCK YOU GUYS

Ohh come on this joke is getting old.... we all know Tether is backed by real USD 100%!!

>>25653363
What a bunch of retards tether fuders are , exchanges are literally out of bitcoin and they keep fuding with this shit , they been at this since 2016 and somehow they can't even check exchange balances.

Tether is the best scam ever, I'll pay their lawyers

Rejection is not something that can stop this coin. When are you guys going to learn

>>25654541
You guys are going to be eating dog food living in a cardboard box basing your worldviews on absolute bullshit

>>25654561
are you a tether maxipad?

>>25653594
The myth of market cap

Binance could bail out the tether printing company with real money if they have to, to keep the money from outside pouring in.

>>25653466
More like 10k

>>25653363
A tether is printed for every dollar converted. Are you dumb son?

>2021
>tether fud

>>25654855
that gook is just hours away from exit scamming, he won't bail out your profits

>>25653707
You must be retarded

>>25655032
Ah yes, the "cz is exit scamming" fud, another classic

dear anons, what is the best way to cash out and preserve my stash without cashing out to fiat?

What is tether's value proposition anyways ? Who cares if they actually have the reserves or not if a tether does not guarantee you redemption to USD ? The whole point of paper reserve notes back in the day was you could go to a physical location and have it redeemed.

>>25653738
Two miniscule traders can raise the market cap of an illiquid asset towards infinity, without any value having been realised.

Tether
Worries that one stablecoin, which only represents 3% of Bitcoin’s market cap, could hurt Bitcoin by going bust is absurd.

Correlation isn’t causation. Just because Tether issuance went up while Bitcoin went up doesn’t mean it caused it. USDC, another popular stablecoin had the same correlation, which is entirely intuitive as folks are wiring in money to take advantage of arbitrage opportunities. Why are the FUDsters worried about USDC?

When XRP plummeted per SEC news, Bitcoin wasn’t affected. When Bitconnect was busted, Bitcoin didn’t skip a beat. Simply put, Tether is a risk for those who hold it. You are not subject to those risks if you hold Bitcoin.

Nic Carter had Dan Matuszewski, the former Circle OTC trader who himself traded billions in USD into Tether, on his podcast to dispel some of these myths.

50 mins in they talk about it
https://open.spotify.com/episode/4p0TREhRen8c3LsYvJFRmN?si=0yYbK4qbTl2PIvJBfJt0Vw

If there was a circumstance where Tether issuance was completely fabricated (which it isn’t) that would be fantastic for Bitcoin as people would sell Tether and dump other stablecoins for Bitcoin.

Back in 2013/2014 there was the “Willybot” FUD that the price of Bitcoin had been “manipulated upwards” solely by a bot on Mt.Gox. Totally unsubstantiated but of the same flavor of FUD.

Conclusion
What all of this FUD represents is the magnitude change Bitcoin brings. Any new technology evokes FUD, which is proportional to the impact it will have on the world.

When the bicycle debuted in 1800s, it was blamed for all sorts of problems—from turning people insane to destroying women’s morals. In the future, we’ll look at these objections as we do now with bicycle objections: with laughter.

Bitcoin is going to retain its value because why the fuck would it not. The world is going digital, it demands a currency, everyone from every culture understands this and nothing can stop this demand from exponentially growing until governments literally have to force a halt at the risk of the worlds economy becoming lopsided in favor of the common man.

>>25655210
A stable coin that's not USDT

>>25655401
Go look at the volume of BTCUSDC and compare it to the volume of BTCUSDT.
I'm not a long-term bear, if anything, I think the resulting collapse will be a fantastic bagfilling opportunity. But don't pretend for one second that the BTCUSDT volume that's propping up the current market price is totally normal.

>>25655401
You don't know shit. You could very well be holding a horse and buggy, not a bicycle. Just because you have done your research and played smart doesn't mean the game isn't going to fuck you. Remember kids, this is all a stage, and we are gamblers.

>>25655925
You're not familiar with m1 are you?

>>25653466
Try 3k unfilled CME gaps. Right on time for the SEC to short. Look how many weekly green candles in a row we had last time before the big crash and look were we are at to get a good view.

No one with a functional brain is going to be holding an asset which has maintained key resistances artificially for years.

>>25655210
USDC

>>25656152
>>25655477

thank you

>>25656121
I'm sorry you missed out, it's sad to see anons turn to conspiracy theories, yikes.

>>25653409
They honestly deserve it at this point.

>>25653466
So you believe people are printing tether to buy bitcoin and then they'll rug themselves?

>>25656341
Uhhh they can't print BTC but they can print teather and sell the bitcoin for USD that they scam through exchanges...

>>25653466
ITS STARTING

>>25654051
imagine not being able to think 15 minutes ahead

>>25653632
>>suppose they falsely printed x bil tether, why the hell are they still going? is there really any incentive? why would they dig a deeper hole.

Shady people in crypto ALWAYS have a B stack hidden. What they are doing here is going all in, keep the printardation going and try to create a mega blow off top, so if worst case scenario, there is a 90% crash, the highest the price, the higher the bottom. They don't mind spending X years in jail (at this point they are going to jail guaranteed) so when they come out of jail they will still have the B stack assuming BTC survived.

>>25656215
>official court documents
>logs of shady Tetherfucks on suicide watch wanting to pump Bitcoin
>an history of a company that has fired auditors and avoided clearance at all costs

expect suicides

>>25656566

>having a bubble that pops that's settled higher than the last.

Effing Hilarious.

>>25653473
based and realisticpilled

>>25653631
why do you say that?

>>25656006
Yes, the central banks have gone nuts with the printing presses and anyone with half a brain would be all-in on assets.
What does this have to do with USDT? It's one of many stablecoins, and its accounting is less transparent than the aforementioned USDC by far. Why are institutions and whales trusting it all of the sudden?

>>25653707
>IDK what tether is, some scamcoin I'm guessing. Bitcoin's current situation has nothing to do with some pajeet shitcoin. It's all about supply and demand.
Sell signal

>farts at Tether treasury
oops sorry anons looks we have another billion minted up te-hee... BTC up another 2k

Sell signals everywhere