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/biz/ - Business & Finance

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4602877 No.4602877 [Reply] [Original]

>The great tether conspiracy

>> No.4602896

>>4602877
>whales control the market swings

>> No.4602906
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4602906

>>4602877

>bitfinex audit

>> No.4602920

>>4602877
Who gives a fuck?
We're all still making money, right?

>> No.4602926

You faggots are going to get so rekt if you think the tether fud is nothing but a crazy conspiracy theory. BTC's price also pumped hard during the Mt.Gox era before it plummeted hard and entered a several year long bear market.

I know, I know you'll say it will recover but it always recovers until it doesnt.

>> No.4602942

>>4602926
the amount of tether created doesn't matter as long as they have the USD to back it up. you have no proof that they are insolvent.

>> No.4602979
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4602979

>>4602942
>the amount of tether created doesn't matter as long as they have the USD to back it up.
>you have no proof that they are insolvent.

Yeah sure buddy they have the money to back it up.... Lets just see how this plays out.

>> No.4602983
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4602983

>>4602942
>>4600272

>> No.4603012

>>4602979
as long as nobody knows nobody cares

>> No.4603038

>>4603012

That's how the housing bubble pooped itself.

>> No.4603052

>>4603012
>as long as nobody knows nobody cares
Oh you will fucking know when it happens. You will definitely feel it hit your portfolio kek. Thats why im fucking hawking my computer all day waiting for the signs to cash the fuck out of my holdings when it happens.

>> No.4603130

>>4603052
600 million usdt kill a 300 billion market. Ok.....

I agree that tether is most likely monopoly money that is not fully covered, but I doubt it will be a real problem. At most we will see a 10-15% crash in BTC if smth bad happens, and market will quickly recover after.

Just remember its not easy to get out of crypto once you get it. Whats the longest period you have cashed out, if you even have?

>> No.4603150

>>4603130
>600 million usdt kill a 300 billion market. Ok.....
Yeah, fucking saged. You're one of this brainlets that keep using the marketcap meme. Do you even know how fucking marketcaps work?

>> No.4603194

>>4603038
people knew about that and kept it going.
its also still going

>> No.4603208

>>4603130
>At most we will see a 10-15% crash in BTC if smth bad happens, and market will quickly recover after.
yup. this is the worst case scenario. like a baby version of mt. gox