/biz/ - Business & Finance

>>3466810
Old news.

https://hackernoon.com/the-curious-tale-of-tethers-6b0031eead87

Tethers are a scam and you'd have to be braindead to buy them. Why buy USDT when you can buy USD?

how did they get half a billion usd while under us sanctions? why did the btc pump get a leg up every time tether was printed? really activates my fucking almonds.

these fuckers are printing usd and hiding the value in btc. the us government wants to issue its own tether (traceable usd is their wet dream) and are going after these guys hard. tethers lies about audits that don't exist are pretty funny too

>>3466855
>https://hackernoon.com/the-curious-tale-of-tethers-6b0031eead87


"If you hold 50,000 USDT tokens that in reality is $0 USD, it’s a bargain to buy Bitcoin at 50,000 USDT per 1 BTC, and how will the rest of the market interpret this initially?"


Is this why we're seeing BTC at 3.5K - 4K ?

>>3466889

IS BITCOIN BEING ARTIFICIALLY INFLATED?!

>>3466952

>>3466952
yes. most btc is lost or in cold storage. only a small percent is traded (1 btc going back and fourth can cause 100 btc in volume) so some fraudulent tether could account for the rise entirely

>>3467007

Does this mean we might unironically be in a bubble like (((They))) keep telling us?

I have faith in the blockchain but this is 2sp00ky

Yes usdt is the reason for the rise and fall in price and can only make things worse. The people who made tether need to be murdered.

>>3467103

WHY ISNT THIS DISCUSSED EVERY SINGLE DAY ?!?!?!

>>3466855
They're just as much of a risk as any other coin (BTC included). The point of buying USDT is to hedge against dips.

How do I start a business where I can generate imaginary tethers? It seems easiest way to become a millionaire in just a few days.

Delete this post this is very dangerous thread

>>3467135
From various articles I've read it sounds like they didn't have the ability to make new coins and yet they added millions of dollars in new coins

>>3467135
>>3467197
They can generate tens of millions of tethers whenever they want.

When the tether fraud is exposed by government regulatory agencies that are designed to protect consumers and investors from frauds like this, we will experience an MTGOX like crash. Bitcoin back to triple digits.

bitfinex does not control the price of bitcoin worldwide

there are routinely discrepancies of hundreds of dollars of value per bitcoin between the large exchanges.

pic related, the exchanges that are used in coindesk bitcoin price index

>>3467130
It is, around the web every day there's FUD about Tether being seen as a scam and causing Bitcoin to plummet. Everyone nods their head and continues on as normal. Don't worry about it until the government gets involved, then get rid of your teather the very moment you hear about it.

>>3467375
But it affects not just Tether but bitcoin as well. If a fiat coin was used to manipulate the price of BTC it would impact the markets. People might go to bed with a $3.5k coin and wake up with a $200 coin

>>3467375
So now?

>>3467413
That's assuming that everyone has the epiphany that the tethers they hold are worth nothing and attempt a big enough bank run that tethers start to dip below $1 to the point that there's a chain reaction. The way it is now, people treat USDT like USD on places like Bittrex. You can't do anything with it except buy a few main coins. It's a stable coin to buy into to weather dips without having to risk it on another alt or deal with cashing out and back in. It's not going anywhere until someone forces it out.

>>3466810
Pull your funds off of bitfinex. If it gets seized dont say no one warned you.

>>3467245
>implying the price isn't adjusted based on quite literally the most popular exchange to trade.

what if usdt is actually legit and backed by early btc neet usd bags

Use nubits
Unless you like sucking cocks

>>3467194

Yea this. Just stop asking questions OP, you're being a buzzkill. Tether have literally nothing to gain from executing the kind of fraud yo'ure talking about.

>>3466810
Don't worry, goyim. Fake money are good for bitcoin.

>>3467058
usdt isnt big enough to pop the bubble

spoopiest thread on /biz/ right now