/biz/ - Business & Finance

Tether collapse?

Lmao you don't get it do you

Bears are on a tear lately. How nervous are you lol? Tether isn't going to collapse.

>>8693985
tethewr fud was always fake
what, is the USA swat team gonna go to unknown Tawinese island and arrest bittfinex and all exchanges? just lmao. kill yourself

Tether is here to stay pajeet

>>8694125
You kidding? If there is a single thing I am confident in with crypto, it is that Tether is not backed 1:1 with USD, and the market will shit down both legs when it is revealed. All it takes is a statement from regulators that they are launching an investigation.

>>8694142
It was fake kike propaganda and a smart way to make us lose all our btc by not tethering up
No one is gonna tether up if they are scared of it collapsing

>>8694142
Doesn't matter. Regulators in the US just need to issue a warning, and the markets will implode.

>>8694152
>regulators that they are launching an investigation.
This already happened and nothing happened

>>8694152

Lmao

>>8694191
No. They issued a subpoena for Bitfinex. Zero information beyond that was given. Shit hasn't even begun to hit the fan yet.

Soon.

>>8694323
was that today? supposedly the waiting list to get a withdrawal account is weeks

Yeah it was, their subreddits been full of salty people who can’t withdraw for weeks though

>>8694406
Blows me away how anyone can believe this company is legit.

>>8694152

I thought that too. But then I looked into how much bitfinex makes quarterly and lol'd. They can shoulder the weight of tether in 30 days basically if shit hit the fan.

>>8694323
withdrawal delay is the textbook signal of an insolvent firm. madoff knew this and made sure his checks went out ASAP. it's the signal bear stearns was finished. it's the reason why "bank runs" exist. any reputable firm takes pride in the promptness of withdrawal requests. credible auditors consider any service level over 5 business days for an authorized account withdrawal as a finding (i.e. red flag, fix this or you fail audit).

>>8694487

You realize that their fees are in cryptocurrencies, right?

>>8694448
Reddit is quite legit

>>8694487
>implying Bitfinex and Tether aren't operated by the same people

>>8694142
Taiwan only has one island and we know what it’s called - Taiwan

>>8694557
...he didn't imply that at all you brainlet

>>8694651
He was not wrong. Bitfinex makes their money in cryptocurrencies. Which includes Tether.

>>8694651
Yes he did. He said that if Tether proved to be insolvent/a scam that Bitfinex had the resources to pick up the slack. This implies that Bitfinex and Tether are not in conclusion and that Bitfinex would spend money covering for Tether.

I fucking hate "bitfinex'd"

You'll never understand tether if you don't understand money. It's laughable.

You think fundamentals play a role at this point whatsoever? It's in people's minds as a dollar, it trades like a virtual dollar, Bitfinex could implode and the CEO midstream bestiality tommorrow and tether would still provide a liquidity loop just fine.

Lmao

>>8694690
>>8694702
He means that they can honour the difference lost you absolute mongoloids even if it is a fucking scam.

And you can just trade cryptos into BTC then cash out, they probably do this regularly, what the fuck do you think the exchanges run on? they're not charities they're making a fuckton every day even in this nice downtrend we're in.

I'm fairly new to crypto. Been waiting for the voice of reassurance on Tether. So far, all Pro-
Tether commentary is absolute shit. No logical arguments, just blithering idiocy, frog memes, and non-sequitur. Meanwhile, the case against make perfect sense.

>>8695667
Exactly. Tether is a financial instrument that has its own value. It generates profit for them and therefore Tether/Bitfinex would likely want to keep the ball rolling using the insane amount of crypto they have stashed. They're not running a charity.

Why do you think they printed those 300 mil tethers? To buy the dip or sell on the tether print pump?

>>8694323
wow, one example from twatter that someone sent to cuntfinxed

>>8694406
>>8694448
Check the coinbase plebbit also

>>8695975
>Tether is a financial instrument that has its own value.

500m of tethers 2.3 billion market cap is accounted for- september 2017 audit
https://tether.to/wp-content/uploads/2017/09/Final-Tether-Consulting-Report-9-15-17_Redacted.pdf
the other 75% of tethers market cap
who knows

>>8695825

You don't understand the difference between fiscal and monetary policy.