/biz/ - Business & Finance

kuul

>>25749623
It's 1:! backed you fucking incel.

>>25749623
When it says "backed by other assets", can they include bitcoin?

If so this is biggest ponzi imaginable.

That dump you need to buy what you panic sold will not happen
Your alt bag is never going to rally
You will be left behind again on this run and as a result will never make it

>>25749623
>>25749811
>load ze thether fud
https://vocaroo.com/1bln2IPmnApJ

>>25749811
Yes, they include bitcoin.

>>25749787
NO U

>>25749811
It's not even backed by bitcoin, it's backed by air. Bitfinex is the shadiest company in crypto associated with hundreds of scams and they own tether. It's part of a bigger plan. When Bitfinex, Binance and Huobi collapse and declare bankruptcy, the Chinese Communist Party will take control of most of the world's BTC because they're based out of HK.

>>25749811
Or loans, or shitcoins, or Giancarlo's boat, who the fuck knows.

>>25749623

>>25749623
An Arduino print command would be a bit different, something like:
Serial.print(400000000, USDT)

>>25749623
This FUD again? All that would do is devalue Tether. Unless of course it's working as intended and can be redeemed 1:1 with some USD equivalent

>>25749811
yes they include bitcoin, they also include money owed to them from exchanges which are complicit in the scam

>>25749891
Its all about acquiring as much BTC as they can before doors slam shut

>>25750024
Since when is air the equivalent of USD?

>>25750157
How smooth brain are you fags? Trading is a two way exchange. Someone is trading their coins for tether... Which they then use to redeem for fiat.

Too hard to understand?

CRY MORE, NOCOINER
I LOVE IT
BASED TETHER
BASED IFINEX
PLEASE PRINT MORE
FUCK NIGGERS
FUCK JANNIES
AND FUCK TRANNIES

>>25750252
So you're saying they mint new tether by selling off assets? Really makes you think

>>25749787
oh god

>>25750392
No you dipshit. They print new tether like this

>be rich saudi oil tycoon
>have rupees
>want to trade without regulations
>send all rupees to Tether
>Tether prints Tether for you
>you now have tether
>trade, trade, trade
>okay Tether, I would like rupees back thank you
>here are your rupees, sir

>>25750512
RUH OH

>>25749891
So do you have more images of that?

>>25750512
Lmao. Perfectly drafted to be totally ambiguous.

>>25750512
No shit. If you're holding millions of dollars of fiat you'd want to put that money to work. Ever heard of fractional banking?

>>25750512
This actually is in favor for Tether. If it was a scam they wouldn't care to be correct. It's still backed so who cares.

>>25750157
June 5 1933

>>25750591
>>25750671
oh boy

>>25750831
>hurr durr
>BTC price going up
>more tether printed
>can't explain that

Ever heard of supply and demand?

>>25750831
A few lines taken out of context could make anyone look guilty

>>25750554

>Print(Dollar)=5,000,000,000,000
and thus, I created five trillion dollars out of thin air! in one day!

>>25751020
>pls make tether printer go brrr or btc collapses
>out of context
wew lad

>>25751149
Wow. You really solved the mystery there. When prices are high people move their funds to exchanges to sell? WHAT A TWIST!!

Theter is gonna moon. HODL

>>25751288
It is idiotic. Who would sell high? It could go higher. I only sell when it is low and could go lower. I buy high

OOOOOOOOOOOOOOOOOOOOOOO
ETH IS FALLING BUT I HAVE ALREADY ADDED BASE TOKENS
TIME TO AMAZING RISING
/BIZ/ IS FIRED, NEW DADDY IS HEEERE

OOOOOOOOOOOOOOOOOOOOOOO
ETH IS FALLING BUT I HAVE ALREADY ADDED BASE TOKENS
TIME TO AMAZING RISING
/BIZ/ IS FIRED, NEW DADDY IS HEEERE(^_^)

>>25750512
lol when was this

>>25749623
learn to code you nigger

>>25751149
so we just buy their shitcoins and sell before exist dumping ?

>>25750512
Brah this shit is dying to get regulated
SEC has let this ride out for too long. No government can tolerate someone just printing money

Exit exit exit

>>25750540
>okay Tether, I would like rupees back thank you
That's the point shit changes
Because Tether doesn't have all the rupees
Tether itself says that
It has some rupees, some crypto, some random assets, some accounts receivables
Say 70% cash and the rest mumbo jumbo
So if the Saudi prince wants 70% of his money back, no issue
But if its 100%, he's gonna get some accounts receivables and crypto with his cash kek

>>25753330
How is that any different than a bank? If I walked into my local bank right now and requested my full bank balance in cash they would shit a brick and not be able to pay.


Why? Because you're an idiot if you're holding cash. Banks use something call fractional reserve banking to use your money to make them money. That's the tether business model and it's no different.