/biz/ - Business & Finance

absolutely, unequivocally NOTHING will happen you tard, its WAY to big to fail at this point we're heading to the MOON AND BEYOND BABY LETS GOOOOOOOO

>>25847216
it is backed by my asshole which is much stronger than the USD

>>25847216
It will be the biggest shakeout before we moon
Looking forward to the outpriced wojak threads

>>25847216
My understanding is that they will submit the documents the 15th. Nothing will happen that day.

>>25847352
Yeah, I was right "Lastly, it is necessary to point out that the January 15 deadline only provides for the delivery of the required documentation to iFinex and therefore does not provide for any ruling. Hence, this is a purely technical deadline, which is not likely to result in any judicial outcome in the short term, unless it is not met." Rest easy bros. We're going back up.

In the amount of time it took you to make this thread you could’ve bought bitcoin and been up. Instead you make tether thread #58. Shame.

>>25847216
Fuck it

>>25847216
You January 15th faggots act like retarded trump supporters.

JUST TWO MORE WEEKS

>>25847396
>>25847352
based fapper

>>25847216
I literally don't care anymore. Crypto is my only way to escape eternal wageslavery.

My hands are welded iron and I will put the maximum amount of all of my paychecks into crypto until I make it. Any other answer tells me that you are content in slavery.

>>25847216
busted ha ha fudding tether faggot eat shit and die

coindesk.com/scaling-solution-hermez-network-adds-tether-token-to-tackle-high-ethereum-fees

>>25847216
it really doesn't matter. tether represents only a small portion of market cap. and they are more solvent then your bank. all that tether was fud people that sold the top trying to crash it so they can get back in lower. it worked, you all fell for it. thanks for playing

>>25847216

>This post was brought you by a seething, priced-out, nocoiner.


Like even IF, tether does certain things incorrectly. The most likely case is that they get a fucking small fine and then carry on with business as usual. All you faggots seem to think tether is just going to disappear from the face of the earth. To believe this you have to be completely retarded and completely naive to how corrupt the world is when it comes to multi-billion dollar companies (protip: think million dollar lawyers and lobbyists).

>>25847396
The whales will know when it when the scam has run it's course and will dump on everyone else. A specific court date is not likely to mark the crash.
If they fall to provide the documents, that's major news. It could mean a sharp sell off initially, followed by a bleed that ends the bull and breaks the log chart that coiners hold near and dear.

>>25847216
ahem tink tink tink. Listen here you poor nocoiner Tether conspiritard.
The supplies of USDC and BUSD have grown at a faster % rate than USDT. They are both issued by heavily regulated USA companies.
This proves that there has been a huge demand for stablecoins.
The demand would push the USDT price above $1 if Tether stopped printing.
The supply of issued USDT is a liability on Tether's balance sheet. They are intrinsically short USD and long reserve assets. This has been a good position since March.
For exchanges, market-makers, and investors with USD-denominated liabilities, it is historically easy to remain solvent in this macro environment.

Tether cannot print USDT and buy BTC with it unless there is real demand for USDT.
If they flooded the market with USDT that nobody is demanding, the price would crash below $1.
Tether does not have a magic money printer that can break the law of supply and demand. That's retarded.

>>25847216
>audit results drop
>USDT is collateralized at 200%
>price doubles to $2 and it rebrands as the TJDT $2 Thomas Jefferson Dollar Tether
>Jefferson Dollar Tether fudsters continue to get btfo as BTC breaches $5 trillion market cap by the end of 2021

>>25847688
>Like even IF, tether does certain things incorrectly. The most likely case is that they get a fucking small fine and then carry on with business as usual
i dont think artificially inflating the entirety of crypto markets with imaginary money while taking profits and backing your imaginary money with the cryptos you bought is something that warrants just a "fine" especially when the whole operation is run by 3 companies that are owned by the same people

>>25847396
we fine, no rocket science
we audited 2 and half million pages see
business as usual!

>>25847321
retarded moonbois like you are headed into rope

>>25848545
see we i mean bank thinks we good yes business as usual

>>25847216
i mean regardless if tether is actually the ticking time bomb people seem to think it is we aren't going to find out on the 15th. That's just when they submit their 10 million page long document, some poor interns are gonna have to comb through that thing for months

>>25848589

>>25848624
lmao no they will call bullshit immediatately and besides if you think they cant sift through a few million in pages in practically no time youre just one of those people who also think market cap is a real thing

>>25848589
These are the fine employees at Deltec bank, they control $22B, they also your bag and the entire fate of the crypto market.
https://www.deltecbank.com


Listen to the interview with Tether's CTO and lawyers, I'm sure that will calm you all:
https://www.youtube.com/watch?v=b_Uq5QCHcU0&t=1581s

>tether keeps printing
>their scam is busted and btc tanks

>tether stops printing
>their scam pauses and btc tanks

3 days left. tick tock.

>>25847216
>What makes you so sure that Tether is backed?
The work from Bitmex Research

Another 30 million USDT minted.

>>25848589

I can't read the signature, who signed it?

>>25847321
>its WAY to big to fail at this point
>-30% in a day
>monopoly money propped up my hot air
>its WAY to big to fail at this point
mhmhmhmhm

>>25847216
idgaf

>>25849804
>> the instutions and big players that are taking 50k bitcoin off the market each, they all paid with tethers, michael saylor? tether, square?tether, Me?tether, we r all secret frens with le tetherinos and we have paid 0 for le tetherino buy du buttcoin print.

yes we have been doing this since 2015. no real money ever went into butterino at all!!!!

>>25849760
mr squiggle

>>25849947
the 600k bitcoins Grayscale bought? grayscale dind't spend a dime bro! tether!!!!!!!!!

tether tether tether i am poor