It's crashing again

[Anonymous No.11407550]

Gentlemen

[Anonymous No.11407568]

>>11407550
where can i watch this

[Anonymous No.11407571]

jap, kraken usd/usdt is taking on steam downwards

[Anonymous No.11407603]

>>11407550
What did (((they))) mean by this?

[Anonymous No.11407610]

>>11407550
That's the daily chart you retard, we're at 93 cent again

[Anonymous No.11407694]

Btc on CB 6.4 Btc on binance 6.9

How the fuck everyone and they mother not doing arbitrage now???

[Anonymous No.11407699]

>>11407550
panic
https://www.blockchain.com/en/btc/unconfirmed-transactions

[Anonymous No.11407707]

what did goldman sachs mean by this?

[Anonymous No.11407711]

>>11407694
because we're not stupid you brainlet

[Anonymous No.11407714]

>>11407568

https://bittrex.com/Market/Index?MarketName=USD-USDT

[Anonymous No.11407718]

>>11407694
because you'd be selling into Tether at a 8% loss and you can't send Tether to CB?

[Anonymous No.11407730]

>>11407694
It's too risky. Keep in mind that Tether is actually skewing the price of each and every USDT pair in all exchanges. USD price is around 6,2, but USDT is way higher.

[Anonymous No.11407736]

>>11407707
Those pairs are illiquid as fuck, someone sold his usdt for 0.51 usdc a few hours ago, usdc is simply too new to be relevant in this whole event

[Anonymous No.11407738]

>>11407568
Kraken. They don’t allow USDT withdrawals atm so it’s impossible to arbitrage.

[Anonymous No.11407763]

>>11407694
oh Im retarded..


Tnx on help Anon

[Anonymous No.11407794]

regardless of if it recovers or not, i feel better about my strict aversion to tether.
anyone know about dai? im curious if its any better.

[Anonymous No.11407807]

>>11407738
explains the weird pattern.
anything about their fiat withdrawals
initiated one this morning and shit is still stuck on sending. usually it takes less than two hours for them to confirm

[Anonymous No.11407844]

>>11407550
The hidden /pol/ discord is NND8DfE we have over 5000 members and are growing.

It has to stay hidden or (((discord))) will shut it down. As far as discord knows its a Minecraft discord.

[Anonymous No.11407859]

I don't understand how the price of Tether can go up and down. Please explain.

[Anonymous No.11407871]

>>11407844
Ironic shitposting is still shitposting.

Sage in every field

[Anonymous No.11407878]

>>11407859

Based on demand, like everything else. People are now shedding their Tether bags, seeing it as unsecured and corrupt, so the supply is overwhelming demand and the price is trending downward as panicked sellers are forced to accept lower prices.

[Anonymous No.11407888]

easiest 10% of my life

[Anonymous No.11407918]

>>11407878
>I predicted this way back in december
Wow I must be a fucking genius.
BTC will never ever crash as long as we have bullshit stablecoins propped up by nothing. Just like USD will never crash as long as you fucks have fed.

[Anonymous No.11407970]

>>11407859
Because the only reason people sell or buy tether for $1 is because tether says they are worth $1. You can go and place a limit order for a USDT pair at way below or above the going price, and if someone wants to buy from or sell to you, it'll get filled just like any other order.

The only reason it stays (stayed) at $1 is because tether says it's worth $1, and that they have $1 in real money in a bank somewhere to back it up.

But they've had a sketchy history of "proving" they really have the money on hand, and people are currently losing faith in that.

It might come back, it might not. I tend to think it will, but I don't know and anyone who claims to know is deluded or bullshitting.

[Anonymous No.11407981]

>>11407888
Post proof larpie

[Anonymous No.11408022]

>>11407878
>>11407970
Thanks guys, I understand better now

[Anonymous No.11408049]

>>11407970
Im surprised it took this long. If you go to the tether website and try getting verified it never works. I tried to get verified almost a year ago to test withdrawing actual fiat into my bank account. Never happened. I knew then I have no reason to believe them.

[Anonymous No.11408065]

>>11407871
thx u too

[Anonymous No.11408415]

can someone explain to me how a "stable coin" can even dip this low?
i thought that was technically impossible based simply on the "USD" backing the crypto.

[Anonymous No.11408451]

>>11408415
See
>>11407970
>>11407878

No one knows for sure if there is 1:1 USD backing tether. They fired their previous auditing firm and the most recent thing they published showing the money was less than concrete.

[Anonymous No.11408459]

>>11408415
Redeeming is only possible for special endities, not for everyone. Fuethermore you cannot implement a hard floor on third party exchanges. Demand and supply still decides the price, especially in a short term time frame. 400m USDT were taken out of circulation in the last few days.

[Anonymous No.11408573]

>>11408415
short of the US government getting involved, there is no way to ever guarantee a stable coin remaining stable.

[Anonymous No.11408589]

>>11407550
it's nothing my good gentile man, USDT is good

[Anonymous No.11408627]

>>11407970
The thing that keeps the price stable is the ability of large customers to cash out for $1 each, not just the idea of that, newfag

[Anonymous No.11408667]

>>11408451
so basically what youre telling me is that the tether scam has officially been exposed and there is a mass exodus?

sweet.

[Anonymous No.11408684]

>if tether goes up btc will fall
>if tether goes bankrup btc will fall

what they mean by this?

[Anonymous No.11409468]

>>11407794
It's probably net better, but still not perfect. It's vulnerable to a black swan event if the price of ETH crashes very quickly. However, one reason people like it more is it is much more transparent in the way that it works. It's all one giant smart contract, which means it's not possible to lie about how much collateral is in the system. Also you can withdraw your collateral back with DAI at any time, you don't need anyone's permission. Again, you just call the smart contract.