/biz/ - Business & Finance

>>29135541
FUCK YOU BOBOOOOO LET'S GOOOOOOOOOOOOOOO

>>29135541
Can tether just print more tether and buy btc with it?

That is literally free money

Imagine still been a bobo. Its a complete clown market.

Now that the chinks can literally print dollars, this bull run will only end when the USA ends in an inflation spiral.

>>29135611
Why do you think they're printing 1 billion every day lel

>BTC now $53700
seems right

What could go wrong if I keep cashing out a decent part of my profits regularly?

>>29135611
1 tether is backed by 1 usd

>>29135541
lel only $400m?

$55k BTC incoming

>>29136160
*100k

>>29135987
HAHAHAHHAHHAHHAHHHA

>>29135987

>They unironically believe this

>>29135611
>>29135987
>Step 1 Print Tether
>Step 2 Buy BTC with Tether
>Step 3 Sell BTC for USD

Tether is now backed by USD

>>29135611
Ok ok I’ll tell you how we do it.
>be tether gang employee
>long bitcoin
>print tether
>repeat

>>29135541
Did you get shaken our?

>>29136310
Holy shit +64% gains on a trade are you serious

>>29135987
but is it really

>>29136378
shit, is that really what they're doung lmao
naive me thought it was more like
>a bunch of people swap coins to tether (400 m usd worth)
>therefore tether prints 400 m usdt

Arent you seeing the casual relationship backwards? Dont they print when the demand increases, like btc going from <40k to >50k

>>29136561
they print every day retard it's just the ccp literally printing USD

>>29136523
It's exactly what they are doing lmao. That's why BTC pumps whenever they print more

>>29136310
>>29136466
He's been very interested in crypto recently. Wonder why?

Fundamental and technical analysis have become almost worthless in the chink crypto world. A small group of bug people can manipulate the markets as they please and no one is able to do something about it.

>>29135611
>>29136378
>>29136383
Can someone explain please.

>>29135541
how do I print me and my friends some USDT?

>>29137278
Hmm I guess when everyone else is making 1000% weekly returns while he sits on a stagnate 500% return for 3 months, I'd probably learn how to take profits too.

THEY CAN'T KEEP GETTING AWAY WITH IT

But what happens when Tether inevitably gets audited and collapses? Say there are 50 billion USDT in circulation, news comes out, everyone tries to cash out their USDT to USD, but Tether lied and only has 10 billion in the bank. Is everyone just fucked?

Also lol @ not using the fed backed USDC

>>29135541
now backed by BNB!

>>29136378
If tether was buying huge amounts of btc on btc/usdt and selling huge amounts on btc/USD we should see a price disparity between the two pairs. Arbitrage bots only covers a small % of volume.

>>29136709
Absolutely, unequivocally, fundamentally, irrevocably, unbelievably BASED.
Fuck the USA.

I cannot put into words how much the Jewnited States of America needs to die. Literally a cancer on the face of this planet.

>>29135731
>been

>>29135541
>only 400,000,000
quiet day at the BRRRRR machine then lads?

>>29139777
Yes, basically anyonr holding tether is holding a bag of shit.

Worse is all the defi protocols that have USDT. Lots of margin calls will come, lots of impermanent (permanent LOL) loses, lots of people losing their supplied tokens.

Expect an absolute crypto blood bath. Probably see 95%+ loses on the 24hr, an absolute run on everything, all the exchanges getting hit with withdraws, ethereum at a standstill, etc

>>29135541
Oh look, the tether FUD again. I thought you faggots had given up spamming this after the January tetherpocalypse never came to fruition, yet here you are.

>>29135611
Kys tripfaggot redditor

I don't understand how this has gone on for so long. BTC + Tether is obviously, very clearly, a ponzi. Are the Jews in on it or what?

>>29141099
Oh buddy oh pal
So many people are not expecting what's about to happen
At least you won't feel alone
>the many
>the proud
>the ignorant

>>29141099
>A U * * T
>*
>D
>*
>T
GUESS! which letters are missing here anon ?
ohno wait, you're a Tether shill - you couldn't.

>>29135987
*0.0000185 BTC

>>29135746
No, it doesn't. It ends when the USA says 'those dollars aren't real, we did not produce them and we don't have any responsability to back them up.'

At that point Deltec will have to shit billions of USD to pay USDT holders, and when they can't, the whole market will crash.

This is what happened in 2008 with the eurodollars held in overseas banks.

unrelated but isn't the market cap indicator a complete lie? Because if you sell a huge amount of a coin that would reduce its price and thus the true market cap would be constantly shrinking.

>market mooning
>load ze tether fud
like clockwork

>>29142131
Your definition of market cap is flawed
Marketcap is just supply*price. In that sense there is no lie.

It is completely different to the total wealth in the system. Same dynamic occurs with stocks

>>29141824
Just
>BASED

>>29135987
ngmi

>>29142629
Tether FUD is 100% bobo's who sold too early

>>29135987
1 tether is backed by 1 usd (in bitcoin).

>>29142792
This is totally sustainable we will now crab eternally and everyone will be happy and never sell and you get a puppy, also it will keep going up without end, good job here's a sticker

>>29141322
Everyone knows about it, but also thinks they'll be able to get out before it collapses. And the reality is, the closer we get to the end, the greater the USDT prints, the bigger the gains.

>>29143427
>if you don't believe in the Tether fud you're just a dumb moonboy who thinks it will go up forever
imagine being this much of a simpleton

>>29135611
they are printing a lot more than they used to

Remember that bitfinixed dude who used to warn us of tether like 4 years ago? Then he disappeared in China and was never heard of again? Kind of creepy. There is no way tether is backed 1:1, but I think it's too big to fail. If people actually cashed out their bitcoin, it would come crashing down, so that's why everyone parrots "HODL" all the time, so no one is actually eating up the small liquidity