/biz/ - Business & Finance

Binance the Hero we Need but don’t deserve

An endless wall of red just keeps going lmao

>>49745931
>lmao tether is absolutaly fucking collapsing on Binance. They even locked the price. over 1m was sold into a buy order of 80k without it moving an inch

>>49745931
>>49746071

>>49746071
NO YOU SEE THIS IS A GOOD THING!!
The price shouldn't be affected by orders!!

Whale's still dumping. Over 20m total now

CoinmarketJew also lists the -2% depth at 10x the ENTIRE ORDERBOOK lmao

Did someone just get their Laundered money back from tornado.cash or something?
keep dumping millions in identical 250k sales

>>49746509

>>49746509
It's a concerted effort by institutions to destroy crypto.
CZ is fighting back against their dirty tactics with his own. I'm convinced that he has asked his devs to prevent large BTC sales that would wick us below ATH, and now he is preventing USDT from depegging.
Less obvious than 2 years ago when scamwicks caused exchanges to "mysteriously" go offline until they could fix the charts again.

>>49747350
>It's a concerted effort by institutions to destroy crypto.
>CZ is fighting back against their dirty tactics with his own.
you watch to many marvel movies lamo

>>49746065
read the amount size dumbfuck lmao
you really thought you were doing something smart huh

>>49745931
Is today the day tether finally collapses??

>>49747410
You don't know what's at stake here.

>>49747423
read the timestamps dumbfuck lmao.
over 50M has been dumped

>>49747463
internet money

It literally can't collapse.

>>49747463
They might manipulate it down, but there's a set of permanently long-term-bullish holders and active buyers who believe it's a pillar of the future of money and have time horizons of a decade or more. I don't think this manipulation kills it. Whatever kills Bitcoin would have to be a crypto that does what it does but better by most every metric. That, or a solar flare... Or complete economic and societal collapse.

>>49745931

How can $1M be sold into an order of 80k?
The buyer only wanted 80.

>>49747451
2 more hours

>>49747410
You watch too much tv in general.
I can guarantee that USDC will be the only stable coin left.

>>49747700
manipulation.

>>49747721
>my favorite unaudited coin is better than your favorite unaudited coin
lmao

>>49747350
Institutions ARE crypto.
It's theater ahead of regulation.
Tether WILL collapse.

lmao bitfinex just market bought 6M and NOTHING happened.
it's over

>>49747647
Or the US treasury minting a real "US dollar coin" that's backed by the Green Standard. Which is where we're literally headed.

>>49747647
>Long term bull
>On a stable coin tied to something that only goes down in value
I actually believe people exist this stupid though

>>49747812
I'm not saying which one is better. I'm looking at the people backing them. Crypto is changing and will be adopted by banks and governments. Choose the coins that they will use unless you want to get USTed.

I feel like I’m being stupid, if they are artificially propping the price, surely it will all go to hell eventually?

>>49747930
crypto has been used by banks since 2013

>>49747971
Yes. But the financial system doesn't use it yet. We are still using the swift system.

>>49747937
Nooo, that would never happen. Market manipulation is actually a sign of a healthy market with no problems

>>49748017
>banks
>not the financial system
:^(

>>49748095
Bit Antisemitic.

>>49748377
you're just so desperate to be an early adopter :^)

>>49748431
Ok mate.

Guys I have NEVER seen tethers support be below 50M. NEVER. And someone just dumped 7M UST like is was fucking nothing.
It wasn't even this bad when it depegged to 0.92 a month ago

Below 40 now, are you guys FUCKING SEING THIS it is fr no cap bussing crashing in real time GGWP no homo dat ass doe. 25% of the ENTIRE support vanished in 30 minutes. we ARE 2 HOURS FROM COMPLETE FUCKING DOOOM

>>49750597
tell me more about this

speak as you would to a small child, or a labrador retriever

>>49750683
Binance are the creators and sole backers of Tether
As sole backers they usually have a buy wall of 200m @ 0.999$ on their exchange to make sure it never depegs
Now only 39... 27 FUCKING MILLION IS LEFT BECAUSE THEY ACTUALLY FUCKING PULLED 10 M WHILE I WAS WRITING THIS POST AND IT'S CRASHING LOWER THAN IN MAY
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>49745931
Why is anyone even still in this joke, anons. Sold for MUST a month ago. So much fucking happier with a P2E.

>>49747350
KYS Norman

IT ACTUALLY FUCKING WENT FR NO CAP ASS TO GRASS SQUATS LOWER THAN IN MAY WHICH IS LOWER THAN IN OVER A YEAR YOU AIN'T SEEN NOTHING YET, B-B-B-BABY Y-Y-Y-YOU AIN'T SEN-SEN-SEN N-N-N-N-N-OTHING YET
THIS IS HOW IT ENDS (BEAUTIFUL FRIEND) IT'S TONIGHT THE NIGHT
CELSIUS
BABEL
AND THAT OTHER SHIT
THEY REDEEMED TO MUCH AND HAVE NOTHING ELSE TO BACK TETH WITH

>>49746065
this is happening literally all the time for the past month OP..

>>49751028
it's happening, it's actually happening. I can't belive it.
I've waited over a year, i've vaited over 5 years. it's finally gonna happen. it already dumped 50m and only 25 are left

>>49751111
EXCEPT THIS TIME THEY'RE NOT REFILLING THE BUY ORDERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! FOLLOW THE FUCKING LINK IN OP YOU TROLLMAO
It has NEVER been below 50m before NEVER and it went even lower than in may

>>49746317
CMJ CAP SPLIT IN 5
FIVE!. Volume double. It went down 400m according to their jewgorithm

>>49750683
>speak as you would to a small child, or a labrador retriever
Or a Mexican intellectual

>>49747647
Kek, bitcoin was the beta test but people are blinded by freed/rage when people bring up xrp. I will be laughing with tears in my eyes while grown men weep.

>>49750852
>Binance are the creators and sole backers of Tether
u wot

>>49751307
don't talk about jeremy irons that way

>>49745931
>big boy cashes out
>thanks for taking my bags, sers
reeeee
reeeeeeeeeeeeeeeeeee
hahahahah
>>49746138
>The price shouldn't be affected by orders!!
my fucking sides
DIS GON B GUD

>>49751283
do i get to watch this thing explode rn or nah

>>49747350
GUYS THE JOKER IS TRYING TO THANOS SNAP CRYPTO FOR SEEMINGLY NO REASON AT ALL
THESE SELL ORDERS THAT WILL CREDIT THEM WITH FAT STACKS OF CASH ARE CLEARLY JUST EVIL
THERE CAN BE NO OTHER EXPLANATION

nothing to see here. just the entire foundation of the entire cryptoverse being a bit shakey is all
no prob, it's aight man. I had a bad feeling about this but now it's aight. Take this (real dollars) it's dangerous to go alone. The math of the future is incromprehensible to non-AI machines

>>49746065
So Tether has a position on Binance which keeps the price in limits, instead of just using supply at the smart contract, what's wrong with that? As long as you can always buy/sell it near the peg, Tether is working.

Why are people in this thread talking about Bitfinex, posting links and screenshots from Bitfinex, but calling it Binance? Tether is owned by Bitfinex, not Binance lol.
I'm confused by all the retardedness in this thread.

>>49751693
yeah I'm pretty sure it's some newfag who doesn't know how this shit works, probably doesn't even know about shit like iceberg orders

>>49752000
Checked, digits command me to buy iceberg lettuce futures and I will oblige

>>49745931
It’s clear now that there are forces at play to try and destroy cryptocurrencies.

I wonder who is behind this

USDC to $1000

>>49745931
Why'd you leave is it back at 200m?

>>49745931
Sell sell sell! Kek!

Sell the Fucking SHIT out of Tether right now!

So its a nothing burguer or its actually happening?

>>49753725
The tether fud never plays out

hidden orders have always been a feature on bitfinex

>>49753770
Literally every single exchange/mm has a ghost book

>>49750852
Retard detected. Binance has no affiliation with USDT

>>49745931
you love to see it. i hate eth and the animalcoin swap economy like you wouldn't believe. its time for the professionals to take over crypto

>>49745931
Fake and gay. Price is 0.9998 which is totally normal.

>>49753499
not op but sitting at 67

can't seem to hold over .9985 tho. order book is totally red. not that i have a horse in this race buit if it's stable and going back to $1 then long is free money, no? and shorting it would have a very low risk/reward ratio

>>49753842
price is 9985 and seems as if it just doesn't wanna go higher

lod is 997

>>49753831

Schizo thread and op

>>49747866
This.
The Netherlands is leading now with a digital euro, yet no one speaks about it here. Banks in the US also want to make a digital dollar. They want a full digital economy, and tether needs to be killed first

>>49753770
lack of transparency while shady was overlooked and tolerated while the market was healthy but now that theres way less confidence and more skepticism people are beginning to ask more questions
this can only end badly for tether

My schizo sens tells me that there is something definitely fishy in the air. Any other schizo can confirm?

>>49750852
the main backer is actually bitfinex. the other exchange. Binance is the CZ owned Chinese scam, it's flagship is BNB. I know you mean Bitfinex since you linked, but you need to stop saying Binance again and again.

Just bought a couple dozens of BTC to get rid of my usdt
Thanks op

>>49753725
OP is a clueless newfag

>>49745931
yep that why i say crypto still very bearish. chinese markets control cryptos and when it's chaos it's bad

>>49754040
now you'll lose only 40% of your portfolio instead of 100%

>>49753998
He needs to shut the fuck up as he has no idea what he's talking about. Some mistakes you don't get to come back from.

They’re all selling for USDC, the blackrock backed ISO20022 stablecoin

>bear market losses is melting the brain of newfags
lmao

>>49753831
Remember buying USDC on Coinbase for 0 fees and sending it to any exchange at no cost? That’s was before the ripple lawsuit
USDC has no fucking business on ETH, it’s all a show. They’re slowly moving towards XLM and ALGO

>>49745931
good this scam needs to collapse and then the other dominoes will fall. Then crypto might gain some legitimacy and rebuild in a non sacammy way.

>>49747721
You fags still have stables left? I have exhausted mine in buying the dips of Rails, Utk, Rfox, and Mana. I hope I'm outsmarting the market by doing this.

>>49756371
>Mana
Literal dogshit. It's about to be shorted into oblivion.

why is someone spending a 0.998 million dollars to buy a million tether

>>49750852
>Binance are the creators and sole backers of Tether
this is the level of intelligence of the average tether fudder

>>49750683
he doesn't know shit about shit, it's almost painful how stupid the new generation of tether fudders are

>>49746138
Because you can exchange 1:1 directly through Tether you brainlet. They are fully backed. Seethe more troon.

>>49750852
>23 posts by this faggot

Literally nothing is happening

>>49757162
OP is literally an attention-seeking retard fresh out of high school for the summer.
>confusing Binance with Bitfinex

>>49755419
A stablecoin collapsing will reveal that ALL crypto was always nothing more than a scam.