/biz/ - Business & Finance

>>25799844
Tether is backed don't worry.

>>25799865
By hope? gg
Also what's happening on the 15th

>>25799844

>>25799902
>Also what's happening on the 15th
tether team will submit their documents and absolutely nothing will happen

nocoiners need to rope. bill miller and massmutual don't give a fuck about tether. please attach a rope around your neck and do the needful sir

>>25799844
>printing tether out of thin air
With government agents in their office watching them after already investigating them for exactly that.
>on the 15th
Tether can legally loan more money to Bitfinex. The documents are already handed over, they already complied.

if i understand correctly, tether cashes out bitcoin to print out more tether. bitcoin price go up = more tether

>>25799983
That's a bit vague. It really depends what documents and who they're submitted to. Even if it's the US government, do we really trust them to not try and take down bitcoin while they have the chance?
What else have they ever done to competitors to the USD?
Are we seriously trusting thieves to hold themselves accountable?
Wtf

>>25800030
>government agents
Yeah really fills me with confidence to know the US government is looking out for people who are directly challenging the USD.
Shieeet

>>25799844
>So what next? The crash is coming isn't it? This is fucking pathetic
Yes and precisely because of what you said. Fucking chinks destroyed crypto

After the crash crypto will be officially criminal, banks will disassociate and all exchanges will require anal kyc to buy any crypto that isn't a uniswap rugpull

>>25800120
What the fuck are you talking about? Do you hold XRP?

>>25800261
Conflict of interest?

>>25800315
Ignoring that the opposite is true lets say it wasn't. Is the theory now that the NY attorney general is covering up crimes Tether is committing? Do you hold XRP?

>>25800531
>Is the theory now that the NY attorney general is covering up crimes Tether is committing
After witnessing the events of the last 3 months, do you still think it's impossible for high level collusion to take place?
No I don't own XRP.
Am I not allowed to be skeptical of the government after witnessing them basically do a hostile takeover in real time? You fucking people I swear

>>25800620
You're not being skeptical. You're participating in a coordinated campaign whether you're aware of it or not. You twist anything said into confirmation of the narrative you're supposed to push. Even government confirmation that you're wrong is twisted into just another reason why you're right.

>>25800795
I didn't hear any facts about why tether isn't a scam especially after today's events.
How long are you people going to try and cover this up?
You're like the Biden shills who can't see evidence.

>>25799844
Holy fuck get a job you loser. Stop posting this same thread every time it dies

>>25800854
Fuck off back to /pol/ retard.
You're a dumb nocoiner.

>>25800900
>WAAAH muh /pol/
Lame comeback

>>25800854
There's no evidence for it being a scam. On the other hand the AG investigated the reserve scam claims in April 2019.
Nothing new is happening on January 15th but somehow there's an army of retards on social media pretending this date or any of this garbage is relevant to the price of BTC.
None of you listen to reason, you clearly don't care what's actually happening, all that matters is pushing the narrative as hard as possible.

>>25800883
This is its job

>>25799844
Yes but people here will deny it because they dont want it to be true. It would mean:

a) they lose money
b) they’re idiots to be scammed by finex

But after listening to the podcast for myself, I no longer doubt it. Tether is 100% the scam that will destroy crypto. Shame.

>>25799844
Don't worry Tether is blacked

Didn’t we have this FUD last bull run?

>>25801078
Stay poor nocoiner /pol/tard

>>25799902
>By hope? gg
75% cash
25% securities and other collateral.

I buy btc and eth on an exchange that doesn't even trade tether. Your fud is ineffective.

>>25801171
There's no helping people. I watched Trumptards go through the same denial/stages of grief and it was ugly. Now it's /biz/s turn.

https://www.whitehouse.gov/presidential-actions/executive-order-addressing-threat-securities-investments-finance-communist-chinese-military-companies/

>(i) beginning 9:30 a.m. eastern standard time on January 11, 2021, any transaction in publicly traded securities, or any securities that are derivative of, or are designed to provide investment exposure to such securities, of any Communist Chinese military company as defined in section 4(a)(i) of this order, by any United States person; and

>>25799844
China owns the blockchain and can do whatever they want.
This is something different,

>>25801303
You don't understand, fucking moron. Tether isn't directly attacking you. They're devaluing BTC from the outside by printing as many tether as they need just like Biden votes. Just like central bank money. Kek. Many such cases!
The fact that you people don't know the attack vector makes me even more convinced that this is it and you're fucked.

>>25801283
Calling bs. tether so far haven't been able to prove shit.

>>25801303
>ignorance is bliss.
Look at Tether’s volume.

>>25801606
>ignorance is bliss.
One of the most cope aphorisms ever, if not the most

>>25801453
>printing as many tether as they need
How do you know?

>>25801986
We'll all find out in 4 days
Might be too to cash out then lmaooooo

>>25799844
Even if you're theory is correct, which is complete conjecture not based on any facts whatsoever, think about what you're saying.

The price was manipulated up. That doesn't mean that Bitcoin is backed by Tether. It just means that the price is now different.

An order book is a constant market of buyers and sellers. Bitcoins price today is cheap compared to gold, which, in case you've been living under a rock is what it's constantly being compared with - buy all the largest wealth asset managers in the world.

The Tether FUD is from people that legitimately don't understand why Bitcoin has gone up 2x from its previous ATH when it wasn't being backed by institutions.

People are retarded. People are biased. DYOR. Move on.

>>25802063
>We'll all find out in 4 days
No we won't. An injunction that's irrelevant to all your claims expires.

>>25799865
This anon, don’t worry dude.

>>25799844
If all of this was correct how come bitcoin is tanking in terms of tether? Shouldn't it be the other way around?

Well tether is 5% of box market cap and let’s say a dump causes a 30% drop - buy the dip