/biz/ - Business & Finance

So it's about as legit as the US dollar?

This is bullish for crypto. I just bought another 10k

>>25754477
but muh US military

>>25754444
>https://twitter.com/JacobOracle/status/1346133062204198917

I'M SHORT TETHER I DON'T CARE

1.5 billion in less than 48hrs

Minting in bigger blocks now. If we maintain this rate of change, the Fed will be jealous before too long...

>>25754444
as always
you had 10 years

>>25754444
I get the feeling that vetted interests are trying to artificially trying to crash Bitcoin with nothing burger Tether fud. Those fudding are not doing so for your financial interests. Big money have shorts open on Tether fud. I'm not selling go fuck yourself

>tether has 3% of the total market cap volume
B-but that ninphographic told me...!

>>25754444
Lol you are desperated , did you tethered at 19k?You been posting tether fud every 10 minutes for the last 3 days.

>>25754837
You literally have no argument against that twitter thread though, all you can do is cry fud.

>>25754837
Don't worry, the same thing will happen to you after you sell your bitcoins at 100k and it goes to 200k shortly after.

>>25754444
>>25754632
they're taking down everyone with it. when mtgox collapsed there was a suicide sticker on btc forums for 2 years

>>25754658
lol brainlet

>>25754444
thx just bought 100k BTC more

>>25755005
This fud is really scaring me. I feel like cashing out

don't know if tether is legit but anyone who's coping saying that it's not a big part of daily trading volume is coping.

https://www.bitcointradevolume.com/
Legitimate spot volume: 6 billion

USDT/btc volume on binance and huobi alone add up to 4 billion already
Compared with USDC
BTC/USDC binance
$90,144,380
BTC/USDC coinbase
$43,601,726
Regardless of tether being backed or unbacked, it's a huge part of crypto.

Can the fed really do anything tho when it’s not in a US Jurisdiction? Asians probs don’t care as it’ll give them more ways to siphon money from Americans. I don’t care either as I’m making money

>>25755496
>I feel like
Stop being so emotional. It's unbecoming.

>>25754933
I am never fucking selling

>>25755796
You sound like you know exactly what your are talking about. Or, are you speculating on things and building speculation on top of speculation?
Proof of short?
nocoiner?
Getting short squeezed right now?
Gold bug?

>>25754632
Jesus, they are truly exit scamming aren't they? I'm selling a bit of my holdings into USDC.

>>25754444
This FUD is tiresome
1. USDT represents less that 7% of all bitcoin market cap. Should USDT implode, bitcoin value would swing a 7%. That's a normal friday

2. This is known by institutional money. Just ask Grey matter, who have a whooping 30% of their assets in bitcoin

3. Also: https://www.coindesk.com/occ-banks-stablecoin-payments
Yeah, the feds have given green light to use USDT.

Nothingburger as usual

>>25754444
PSA: 400M USDt inventory replenish on Tron Network. Note this is a authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests and chain swaps.

Dont worry bro, its just a replenishment.

>>25755005
>there was a suicide sticker on btc forums for 2 years
I remember that
One of the most fucked-up things I ever laughed at

>>25756142
These folks automatically assume USDT is backed by $0. Not 90 cents, not 75 cents, definitely not $1. These folks are:
1) Nocoiners
2) Folks getting short squeezed right now.
3) Gold bugs

>>25754444
>https://twitter.com/JacobOracle/status/1346133062204198917
>> only 74pct backed by real dollars.

so tether has more in reserve than any commercial bank.. lmao.

>>25756142
you really think when thether explodes the normies and the rest are going to think that "nothing will happen"?
they will panic as always and the price go down 30% in a single day

>>25756780
Sounds like 3 levels of speculation.
1) tether explodes
2) normies panic
3) price goes down 30%
You are a loser.
If you are so confident:
where and when is your short?

>>25756860
day 14th , 1 day before the documents

>>25754444
>pricing your crypto in fiat
NEVER GOING TO MAKE IT
YOU DONT BELONG

>>25754444
tether? yes very serious and legit business i can ensure you that, it is all backed by an equivalent of us dollars don't worry

>>25756957
What are you shorting, where are you shorting, how are you shorting? (liar)

>>25756142
>market cap
stopped treating your post as serious there

>>25754904
it literally happens every run
it's fake and gay

>>25756142
After selling all his TSLA, would Elon still be the richest man in the world?

Brainlet

lets all love lain

love,

lain

>In more recent news, the U.S Treasury is also supposedly considering new legislation that would deem stable coins as securities, which would allow SEC to sue Tether
the absolute state of tetherfudfaggots LMAO

>>25757056
>it's fake and gay
Again, that's all a pea brained idiot like yourself can say in response. You don't actually understand what's going on.

>>25756957
yo bro, >>25757039 he called you a liar! you gonna let him say that shit to you???

>>25754444
>Jan 4
nothing came out it? very bullish

>>25758102
No, January 15th.

>>25754444
Oh no i guess Ill just have to not hold tether.

>>25755496
do it pussy

>>25755005
>>25756239
wtf where can i read more about this?

This is the only thread about this I think it's FUD

>>25759170
By all means, keep letting yourself be swept away by the sheep instead of actually doing research and trying to understand things.

Brainlets like you will never make it. You will always be a sheep.

>>25755718
>responds to every fud
>not emotional himself
lol wut a fag

>>25754477
fpbp

Tether and the US Federal Reserve teaching people how bad it is when you can just print unlimited shit

>>25755646
The feds can simply tell exchanges they cant cash out to fiat because the crypto source cant be trusted or relied up. You and I may be able to work around that, but normies wont and that would certainly dampen crypto for some time.

>>25759502
you're right, both the USD and crypto crashing

>>25756179
>https://twitter.com/JacobOracle/status/1346133062204198917
weird how Tron, Bitfinex, Huobi, Tether are all connected to the Chinese government

seems coordinated somehow

So they are printing tether and what? There is clearly demand for it and if it not would be tether then it would be another stablecoin or direct fiat trades. I can see that tether spikes the price but yeah thats normal if they buy a lot of btc in a short time frame. Firms like grayscale and paypal do the same thing, they buy massive amounts of btc and some alts to offer it on their platform, thats why these coins are pumping so hard. You retarded stupid fags, sell ur btc on 14th jan and kill yourself when it goes to 100k EOY.

>>25756105
Keep your eyes on Yearn, theyre launching a USDC vault with Idle around the 15th. It should launch with 40% APY.
Easily make money while the rest of the market is crashing.
5head play

>>25754444
>some randon twitter faggot
ok

Correlation does not mean causation... I see no regression models, just stupid charts for stupid people.

>>25760122
Its probably him lol

>>25754444
checked and yawn. 4 years of tether fud has gotten old

>>25756780
Sounds like a healthy correction after this bullrun and a buy opportunity for me. Hope it happens

>>25760122
Yet you can't make a single counterargument, retard.

>>25756860
>30%
oh boy...

>>25760360
Yeah 4 years of building a case, culminating this month, which also happens to feature a massive exit pump.
This board has way too many dummies. Way way way too many.

>>25760379
Your inability to know when to buy and when to sell, which is the only reason you created this thread is probably the best argument

Hint: your selling point wont be reached again

>>25754444
The red pill is the knowledge that USDT is actually worth much greater than $1 per coin. How much more? Wait and see.

>>25760481
You ever hear the story of the boy who cried wolf?

>>25760488
>still no counterargument
Still no problem, idiot.
If you don't understand anything about the tweet, you're worthless.

>>25754444
Heard this shit since 2k btc kek

>>25755796
Oh wow Tether is printed as demand moves up due to price action. Who would have guessed such a thing?

>>25760633
Hey idiot, just because something hasn't happened yet doesn't mean it won't happen. The clock is ticking.

You still haven't presented a counterargument. All that tells me is you have faith in Tether.

>>25760379
How do you argue with someone saying his chart proves the reduction of piracy for the last few hundred years is the cause of the rise of pollution because they roughly match?

>>25754657
It's probably a hedge fund trying to play a little faggot game. But little do they know...

>>25760535
just sell on jan 14th kid
you can buy back in on the 16th, worst case you've lost a few % of gains

>>25755496
>Proceeds to crash the market with his .00002 BTC sell wall

>>25754444
U N L I M I T E D
P R I N T I NG

>>25755943
>>25756314
You sound nervous and emotional, the former is fine the latter is not. You understand that this is true it could fuck you up right? If you understand what's going on maybe you could actually make money off this if it happens

>>25760677
Oh no a _civil_ rico case pushed on tether by some greedy jews asking for 1.5T in compensation cause they got rekt trading margin. Lmao Literal nothingburger, paid jewish fud campaign

too much tether fud. fuck dis i just sold. im literally shaking. just made 10k from my 2k investment desu. i feel weird af not being in the game

>>25760807
goldshtein kek you can’t make this shit up yes tether is based

>>25760531
that nigga looks like trump kek

>>25760820
Just buy Idle dude.
If the fud is true, all the money will flow to USDC. And Yearn is launching a USDC vault on Idle within the next week for a 40% APY.
Idle has a tiny MC and will literally moon harder than anything else has this cycle.
Best of both worlds.

>>25760820
KEK - FAG!

Tether FUD niggers are just cute at this point. Keep them cute threads coming. I actually enjoy insecure Anons posting emotional messages. Paperhands btfo.

>>25760820
based

>>25754593
can you actual short tether somewhere? I would love to leave one open as a long shot

>>25761190
Yes on Bitfinex you can short against other stable coins,
Goodluck handing over funding costs forever faggot

>>25754632
They just dont give a fuck about pretenses, they just keep brrrring into overdrive. Get USDC, DAI and wait for the carnage to begin

>>25761190
deposit eth/btc to huobi as collateral
borrow tether on huobi
market sell tether on huobi
buy back tether when it goes boomboom
profit

what's more likely to happen is that when tether goes boomboom, tether trading will be halted, thus can't pay back your loan and lose your collateral

>>25754444

How is this essentially different from quantitative easing?

>>25756142
im not buying the tether fud, but u are definitely a retard who doesn't understand how market cap works

HANDS OF STEEEEL