/biz/ - Business & Finance

You have got to be kidding

wew lad bye bye Bitcoin 2019

again this shitty tethermeme...
Want don't you guys understand about inflation? Tether is backed 100% and AUDITED by the feds and interpol.

Stop making these stupid jew posts

If you dont like crypto and electronic USD then stop being on this forum

>>5061224
No its not. There is no proof of it. It will crash BTC.

Why?
Are you a filthy nocoiner?

>>5061224
>Tether is backed 100% and AUDITED by the feds and interpol.
This is 100% bullshit unless you can pull up some sources fast. In fact, I'm pretty sure bitfinix has been pretty silent about how much money they have, but dont let that stop them from printing millions of doll-errr Tethers

Does this mean btc is about to pump heavy?

>>5061278

Yep

Great. I'm 100% in BTC right now.

>>5061260
Lol I invented that meme

>>5061224
>fuckhead troll from bitfinex detected
you have to go back

>>5061224
Not an actual audit

Fuck yes. guess where all that tether is going? right into bitcoin.

epic

>>5061278
No. It's for people to cash out into was btc is gonna dump. Fucking morons.

STINKY AMERICANS
YOU STUPID ORRRR??? BITFINEX HAS COVERED ALL USD WORTH AND AUDITED

STOP MAKING THIS LETTERS AND STOP SAY THIS

WE NUMBER ONE ARE AND YOU CASH OUT WITH OUR TETHER

>>5061283
>>5061325
How the fuck are you ok with this? This will eventually trigger a crash that will make you shit your pants for months now.

btc 20k in a few hours. Then everything will crash and burn when Bitfinex pulls the plug

>>5061368
How so?

>>5061391
This could be its last breath before a major crash, it's risky.

>>5061393
Refer to: >>5061361

>>5061368
If Tether crashes, people will sell Tether for BTC and push it to $50k and beyond. Huge bullish event if it happens.

>>5061368
are you some kind of faggot ?

>>5061443
surely a bcash coiner

>>5061443
>>5061467
Read:
>>5061361

We are about to witness another alt bleed episode thanks to buttcoin.

>cashing out into tethers
the absolute state of bitfinex shills

WHY DO WE LET THEM GET AWAY WITH THIS. WHO IS ACTUALLY BELIEVING IN TETHER
STOP BUYING TETHER YOU FOOLS
AHHHHHHHHHHHHHHHHHHHHHHHHHH
EVERYDAY I SEE AT LEAST ONE PERSON SAY THEY ARE HIDING IN TETHER
YOU ARE PROPAGATING THE SCAM

130 MILLION PRINTED IN THE LAST 6 HOURS.
HOLY FUCKING SHIT

>>5061179
Assuming 55 million could hurt bitcoin

>>5061368
thank you tethers!!! I am raking in the money with my bitcoin and monero investments. as long as you keep printing tethers, I'm on track to be a millionaire within a couple months.

>>5061427
Opposite, faggot.
People will want to cash out for real $ and will realize they can't, because demand is too low.

>>5061693
Bitcoin will be 5k or less in two months thanks to Tethers.

>>5061179

Am i reading this right? 550 million?

Why hasn't bitfinexed bitched about it on twatter?

Link to omni page?

>>5061755
You're reading it wrong. 55 million.

>>5061755
no you are not
55M

>>5061358
it over 20k

>>5061179
Are they going in to Ripple again? Ripple going to hit 1 dollar?

PRINT ALL THE TETHERS!

>>5061798
>>5061804
>>5061690
>Assuming they never print anymore tethers anymore
>Assuming they won't print half a billion more tether before the year end
>Assuming they won't be at least 10% of bitcoin volume by mid 2018
>Assuming everyone can cash out of tether anytime they want
>ASSUMING THIS SHIT ISNT A SCAM BECAUSE YOU DONT WANT TO LOSE MONEY
>ASSUMING YOUR NOT RETARDED BECAUSE THEY ARE PRINTING FAKE USD AND TRADING RETARDED BITCOIN FOR IT

>>5061179
>Just read thread

>All these fucking morons think tethers only go in to bitcoin.
>They wonder why every trade they make is wrong and they miss every pump.

>>5061710
many people sit in tether as a safety net, can they sell tether for usd or do they have to buy BTC first?

>>5061957
Here's a (You), go be retarded elsewhere

>>5061179
well... time to buy bitcoin haha

>>5062040
You bought tether didn't you?
LOOK EVERYONE. WE GOT A REAL LIFE RETARD OUT IN THE WILD.
HE THINKS HIS MONEY IS SAFE IN FAKE USD.

>>5062030
of course nobody is going to give you USD for your useless tethers

its even more insane that anyone is willing to trade their valuable BTC for trash tethers

I hope everyone is accumulating cheap bitcoin while they can

>>5062202
it really is insane. I wonder. Could such an obvious scam even be pulled off anywhere else, other than fucking burgertown? Why is the average burger so fucking stupid?

>>5062030
you can trade tether for USD on Kraken. No other possibility I'm aware of, even Tether themselves won't redeem their tethers

>>5062257
>tether themselves won't redeem their tethers
And people still believe this isn't a giant scam. Holy shit. Even their subreddit calls them a scam

>>5061224
>Tether is backed 100% and AUDITED by the feds and interpol.
fuck off shill

>>5062030
Bitfinex and Tether are using undisclosed asian banks to "back up" their Tethers.

UNDISCLOSED ASIAN BANKS THAT MAY NOT EVEN EXIST LOL

>>5062252
because MUH EVIL GUBMINT TRYING TO STEAL MY """""HARD EARNED""""" MONEY
RREEEEEEEEEEE UNCLE SAM GET OUT OF MY POCKET

t. tether trader

>>5062143
the absolute state of...
>>5062301
wat

>>5062318

many tether traders believe that if their stack never changes to real USD they dont owe taxes on the gains

L M A O

>>5062371

Why would they? It's a virtual currency

>>5061224
>Tether is backed 100% and AUDITED by the feds and interpol.
keks

>>5061179
You gotta understand, Tether is the only ONLY Save haven in this +150 -150 percent market. Although I heard that a certain upcoming exchange doin an ICO (Ankorus) is going to try and give another solution, combining traditional markets with our meme market.

>>5062402
It's like you skip over the vital word currency.
Welcome to taxes bitch. You have currency, you owe the gov money

>>5062371
so... tether trader == muuh sovereign citizen jackass?

>>5062449

Tether is a virtual store of value backed by nothing

>>5061224
>Tether is backed 100% and AUDITED by the feds and interpol.

What did they mean by this?

>>5062523
exactly like the US dollar

>>5062803

USD is backed by the fact that it has value in the real world..

>>5062257
>>5062278
REMINDER THAT THIS IS IN THE TETHER TERMS OF SERVICE:
>PURCHASE AND REDEMPTION OF TETHERS: The Site is an environment for the purchase and redemption of Tethers. Once you have Tethers, you can trade them, keep them, or use them to pay persons that will accept your Tethers. However, Tethers are not money and are not monetary instruments. They are also not stored value or currency.
>There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. We do not guarantee any right of redemption or exchange of Tethers by us for money. There is no guarantee against losses when you buy, trade, sell, or redeem Tethers.
Source: https://tether.to/legal/

>>5061224

>>5062627
It means trex is in on it. Considering the scale of this scam and that (((they))) allow them to continue printing it and boosting btc, most likely bitfinex isn't the only one who's playing this game.
Hold your shit in your wallets, we will soon see something even bigger than Mt.Gox...

>>5062905
https://seekingalpha.com/article/4131159-regulators-must-investigate-bitcoin-tether

>>5062523
if it has a market value, you pay taxes. The only way you could not owe taxes is if you traded your coins for something worth ABSOLUTELY NOTHING . . . . . oh my god. . . BRB buying tether and claiming 100% losses

>>5063076
Too bad tether is irredeemable for fiat

>>5063111
for now

>>5063111

lets imagine a scenario

>trade USD / BTC this year
>get 20k in profits
>declare it on my taxes
>trade USD / BTC next year
>get 20k in profits
>declare it on my taxes
>both years I am in the lowest tax bracket and pay 15% on 20k twice
$6000 total tax bill

vs.

>trade USDT / BTC this year, 20k profits
>trade USDT/ BTC next year, 20k profits
>for whatever reason I need some cash
>cash out 40k gains
>declare it on my taxes
>oops now im in the higher tax bracket and I have to pay 20% on 40k
$8000 total tax bill

do you think you are never going to cash out? honestly?

>>5063182
>for now

Implying that Bitfinex and Tether will still exist in 2018

>>5063225
I can't tell if you're an american or not, because you don't understand how tax bands work, and seem to think they apply to capital gains.

>>5063225
Sorry buddy, you have to declare your trades on your taxes REGARDLESS of if you cash out to fiat.

That means if you trade USDT to BTC and back and trade alt coins, you have to actually pay the government tax money based on the money you would have made had you cashed directly out to FIAT at ALL TRADES.

Add up your trades and pay the tax man. You performed short term trades

>>5063289
Actually they do. Short term capital gains are taxed at the same rate as income tax and add to your tax bracket.

>>5061260
ayy, who's this semen demon?

>>5062982
Fuck that. With impending net neutrality vote I've tethered all 18 of my btc. This shit is way too sketch right now. I'd rather miss a pump and keep my earnings than get dumped on.

>>5061224
Show proof?