/biz/ - Business & Finance

That we gonna go low as fuck

>>7104393
welp

F

>>7104393
How does that even work, they don't have jurisdiction.
Americans thinking they are world police again

SELL SELL SELL

>>7104481
Our bombs can reach any corner of the earth so the whole world is our jurisdiction

>>7104481
>Internet funny money that magically prints an unlimited supply out of thin air claims to be backed by the dollar on a 1:1 ratio
>Let's check them out
>AMERICANS THINKING THEY ARE WORLD POLICE AGAIN

>>7104393
IS IT OVER?

WAKE ME UP

this probably fake news desu

>>7104481
>USDT is the same as USD
>literally printing money out of nothing
>2.5b$ printed in 1 year
>USD rate keeps plummeting
Sure.

>>7104573
We're Americans.We hunt

>>7104481

America is the fucking world police you ditshit

>>7104635
>American meme dollars that are magically printed an unlimited supply out of thin air claims to have any value

>>7104393

>>7104393
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>7104752
i can smell ur neckbeard across the interwebs

Anybody else wonder why people sell btc / eth for usdt currently???? It is like they didnt get the message.

>>7104752
Cringe. Are you 12?

>>7104573
>implying were going to just start bombing China

Even if tether is a fraud and China tells to fuck off, no bombs will drop.

It means that Bitcoin is going to sub $5k.

>>7104637
YES

>>7104731
>>USDT is the same as USD
>>literally printing money out of nothing

Yes

>>7105039
if tether is compromised would u rather hold btc or tether?

>>7105050
so just like usd

>>7105049
>
fucking kek
best wojack in a while

OMFG, I'll be at home at least in 30 minutes and i cannot sell all my crypto with my phone. I think by the time ill be at home, there will be no sense in selling it anymore, cuz it wont cost shit anymore. I wanna die.

>>7104481
this
fuck off you stupid fat fucks

It's in a free fall. ITS OVER

>>7104424
2k incoming
I was going to buy at 8k but fuck that I'm not risking total market collapse for 10-20% gains

>>7104481
When it comes to finance they literally are the world police. There are few things EU and China will oppose them on as theyre the only ones that can and have. Even then nobody will bat an eye for some shady piece of shit blockchain company which resides in hong kong

>>7104393
Holders are about to get a reality check.
I must admit, even though I was sure the price from $10k onwards was BS, I didn’t buy into the tether conspiracy. It may turn out to be true after all.
Wonder where prices will go if they get uncle sam’d.

>>7104573
say that in a chink accent and you have north korea

Thanks reddit fags for bringing it the attention of everyone wtf

I posted yesterday in multiple threads that the US would go after these guys. Retards replied with "but they're not located in the US durrrrrr"

Fucking a todeaso

>>7104393
If you're not on Bitmex right now shorting with max leverage like a true degen you're not going to make it.

wtf was that pump?
dead cat bounce?

>>7105295
The dip's over, bitch.

>>7105331
>dead cat bounce?
YES

https://www.bloomberg.com/amp/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc?__twitter_impression=true

>>7105331
its called BTC went sub 10k and people bought in because they know its never realistically going to fall all that dramatically in the near future regardless of tether and bitfinex going belly up. people have way too much faith in Bitcoin since it hit 19k.

>>7104731
>There are trillions and trillions of USD
>printing 2.5billion matters

Has this been the worst couple of months in crypto history?

The bad news is unending

>>7105420
i fucking hope that's the case

>>7104752
You're Amerimutts. You suck BBC.

>>7105490
are you new or something?

BTC crashing in 2013/2014 to sub 300 USD and taking 2 - THAT IS TWO FUCKING YEARS to recover

>>7104481
>How does that even work, they don't have jurisdiction.
Federal courts will have jurisdiction. The Internet is a "channel of interstate commerce" per case law.
Absolute brainlets

wait. what exactly happens when it is uncovered that they don't have the USD to back those tethers?

I assume people would desperately trade their tethers for less and less USD?
How would it affect the price of BTC negatively? USDT/BTC and USD/BTC would simply split into two separate prices, wouldn't they? I assume people holding USDT will even start buying BTC with it as a way to leave the sinking ship.

>>7105716
AFAIK Bitfinex is selling USDT and then buying Bitcoin, thus pumping the price up.

>>7106004
Ok, so then they just sold and are taking profit.

>>7105716
It means that everyone will try to cash out asap, which will create multiple sell walls like we have never seen in the history of mankind until we hit like 2k.

That's pretty damn close to '29 in a way; stock market bizmen would borrow money at artificially low rates, pump into assets, and collect profits, until it got to the point where the money invested wasn't real; there wasn't enough money to sustain the pump and boom, October 29th.

If it is the case that USDT can't be converted truly 1:1, Bitfinex should be closed down for good, just like government.

>>7105278

Doesn't mean they have to comply.

>>7104752
You meta FUCK I love you

>>7104769
Sorry, which crypto has the world’s largest military and all of it’s most important institutions backing it?

>>7105420
nah, people are buying BTC/ETH on other exchanges to move to GDAX
Binance's BTC/ETH balances have been drastically falling
the real bleeding will start soon

>>7106303
BEEEEEETCONEEEEEEEEEEEEEEEC

>>7105021
Why do all you faggots think the ruling party in China is supportive of crypto?

>>7105267
this, le plebbit whiteknights ruined it for everybody

>>7105583
back then it was a meme, today it is a 500 billion dollar market

I'm looking at my shitcoins and I have to say people are buying the dip.
Weak hands are getting rekt kek

Hey guys what the fuck do I do
Need to know
I just all inned a coin because it was green on my left screen and I had it open
It's now red
What should I do

>>7106201
>Doesn't mean they have to comply.

Megaupload guy didn't have to comply either. Got fucked and sold by his own government anyway.

that's right drumfies, your meme money ends today

>>7106859
if its a top 10 alt, hold

if not, and you think the market will fall further, exit into a top 10

>>7107027
I don't know what the fuck the market is going to do I've only been trading for 3 weeks
I was thinking of opening up a short on bitmex and hoping the market falls further

>>7105698
Yeah so USA sends a request to a court in Hong Kong ordering them to do something.
Chinks ignore that request.
Now what?

How did that work with Snowden huh?

>>7107283
What makes you assume the Communist Party would ignore the request?

>>7107655
Because that would make them look subservient and damage trust of other businesses in their independence

Subpoena was sent almost 2 months ago, old news.

>>7104481
Their fault for not using €.

>>7105049
nice wojack anon