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/biz/ - Business & Finance


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25740188 No.25740188 [Reply] [Original]

All you had to do was look. If you're telling me a company that can't get a US bank account is receiving billions of hard cash from "institutional investors" you're either a clueless newbie or a paid shill.

Have a good look: https://en.m.wikipedia.org/wiki/Bitfinex

>> No.25740284

>>25740188
So, they already crashed the price of BTC once and will be doing it again
That says one thing: this is all planned

>> No.25740378

I for one don't care. I've got cash on the side & ready to buy once everything crashed

>> No.25740664

>>25740188

Even if Tether doesn't back USDT with USD in its entirety, I don't think it's such a big danger.

The only way it would become an issue is if everyone tried to cash out their USDT directly through Tether, in which case there wouldn't be enough funds to go around and then people would realise. But it would have to be a epic mass exodus, as they will have some reserves so could handle a large amount of USDT holders cashing out without issue.

And a mass exodus would only occur if the crypto market had been so badly crushed that people holding USDT would rather cash out via Tether instead of buying back in the market. But by that point, the damage to the market would be so great that people suddenly finding out about Tether couldn't make the market dump much lower than it already had by that point.

TLDR: If anything shady is going on with Tether, we're unlikely to find out until the market has already died anyway.

>> No.25740943

wtf I just sold all my buttcoin
joking lol cope nocoiner

>> No.25741429

>>25740188
So the stock to flow and all those other charts are bullshit, it's just been finex and co painting the charts?

>> No.25741470

>>25740188
Why even bother warning anyone here just make your deals according the people on here clearly don’t care

>> No.25741485
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25741485

>>25740284
>>25741429
Exhibit A of 2020 market manipulation

>> No.25741520
File: 2.05 MB, 1278x4170, Bitfinexbinancerugpull.jpg [View same] [iqdb] [saucenao] [google]
25741520

>>25741485
Exhibit B