/biz/ - Business & Finance

>>4626877
Hey Faggot. Long time no see. What happened to your Bcash?

>can we come up with a model that makes them insolvent?
Already happening, Gox 2.0 in the making. Real /biz/ness man know how to profit from it. More gains than let it survive

the best scenario is the tether bubble pops and crashes the entire crypto market, wiping out countless normies who just entered and sending us into a year-long bear market like after the mt. gox crash

this way I can make up for all the mistakes and missed opportunities from this year

>>4626918
tether will effect bcash too.
Fraud never works long term.
Trying to come up with ideas that would explain the shadiness. Haven't seen any evidence that this isn't fraud. What is your theory?

>>4626970
Welp. Fraud works long term if you have the military force to back it up. Case in point, U.S.D. Fiat. Bitcoin partners in Saudi Arabia just used Military Force to take down Bitcoins main attacker. Where were you when Bitcoin became backed by Military Force? Tether pumps are a smokescreen. The real deal is Military Force.

>>4627136
This fucking LARPer and his fucking oldfagbiztard routine really grind my gears

>>4626962
Problem with this "
pop The Market" meme is Digital Currency is here to stay. It is here to condition you to accepting a cashless society. We are at least one generation away from that being politically and ideaologically possible in the U.S., So, it is going to be a generation before Crypto collapses so Governments can say "We have this new tightly regulated digital Global Currency everyone has to use, we cann not allow what has happened in the past", and it will be backed by Military force. So, with relatively minor corrections, we are good to go for about 20 years. Ride the wave. It just started.

>>4627210
Basement neets really grind my gears. Run along upstairs now, Mum has tendies ready.

>>4626962
Please god I need a second chance. Make it crash please tether PLEASE

>>4627210
You know what? You caught me in just the right mood this morning. (you) are one Dumb Motherfucker. (I) am going to waste some of my precious time to show (you) just how Dumb a Motherfucker (you) are.

>>4627250
>military force meme
The US military is 100% antiBTC because they have to prop up the petrodollar. Failed states are pro-BTC, governments hate it.

>I raided some shitty exchange for $1k with a four man navy seal team
It costs more than $1k just to deploy you moron

>defending fraud
This is the only thing that makes me feel like you have some connection to the military

>>4627313
Do it faggot; put me in my place I'm such a naughty girl I deserve a spanking

>>4627210

>>4627412

>>4627210
Now that (you) have wasted 5 minutes of (my) time, (you) can fuck off back to (your) basement.

>>4627412
>implying this has anything to do with BTC
>implying this isn't just a consolidation of the house of Saud

Go back to /pol/ where they believe in conspiracy theories

>>4627568
Post his dick pic with a time stamp or you're a LARPer

>>4627568
nice derailment.

So no ideas that could redeem tether? So we're all fucked soon-ish? Great.

>>4627412
He owns (or did) a share of Citigroup. Ofc he's
going to hate BTC

>>4627620
They withdrew another 3k BTC today, that's like 50k this month. This is gox scale
https://bitinfocharts.com/bitcoin/wallet/Bitfinex-coldwallet

>>4627611
Yeah, No. A lot of MilRegs and Mercs will never see the light of day for Abu Ghraib. I think not.

>>4627412
>>4627521
Almost every single investment banker has said that bitcoin is a fraud and is going to implode.

The shit going down is Saudi Arabia has nothing to do with bitcoin.

why is some guy spending all his time in this thread talking about anything other than tether?

https://omniexplorer.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL

95million tether issued since sunday.

>>4626877
1,5 billion in currency got traded on bitfinex today.
At 0,2% maker an 0,1% taker, bitfinex earned 4,5 million dollars. Today. Maybe the tethers are issued with how much profit they make. Tethers are bitfinex investment in crypto.

The higher the price, the more trading, the more profit, the more tether, the higher the price, etc.

It would be legal, sustainable and it would be a powerfull mechanism behind the market but not insurmountable.

>>4627366
I said you could withdraw from any exchange with a 4 man insertion team. I never said anything about Amounts or "Navy Seals" (You) are dealing with an Ia person who knows a very poor attempt at gaslighting when he sees one. I've seen the best the world has to offer. (you) are below Grade F.

>>4627709
>literally can't even tripfag correctly
>has less than 50% win rate on predictions in a fucking bull market
>only decent prediction ever made is "go long BTC"
Why does anyone take you seriously?

>>4627720
AKA "Nothing to see here, Anons, move along.".

>>4627824
50% win rate. Lets examine that. One failed prediction out of 100. Case in point, 48% profit for everyone one night in BTG, 4% a two night snaposhot of my worst nigh in predictions from INTEL resulted in a 44% gain for everyone. You = LOOK LIKE A FOOL.

>>4627897
4% loss the next night.>>4627897

>>4627824
Anyway, I have shit to do irl that is way more important than arguing with a mouth breathing basement dweller on a Himilayan Basket Weaving forum. Good day.

>tether cannot be redeemed for USD

There, Tether IS solvent, as you bought nothing

>>4628087
Nobody cares about tether; the point is where are the bitcoins the tether is backed by. When you deposit at bitfinex, you give them BTC. When you withdraw, you also take BTC. But what if they've misplaced your BTC and you don't know it because you have the right amount of tether in your account. When you finally want your BTC back, they can't give it to you because they don't have it, and you're stuck with worthless tether.

>>4628199
This