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/biz/ - Business & Finance


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12133411 No.12133411 [Reply] [Original]

Doesn't that just mean all that cash is waiting to get pumped back into the market?

It's not like it's being redeemed for USD and burned. It's bull fuel.

>> No.12133416

>>12133411
Tether has like double the current mcap a few months ago too Kek

>> No.12133423

>>12133411
>anons tell me marketcap is a meme
>tether tells me the tether marketcap is 1 to 1 backed by usd
whos right

>> No.12133427

>>12133411
Correct. It's sideline money for thirsty traders. That's why quick massive pumps can happen.

>> No.12133429

Tether is waiting to enter the market once the bullrun starts

There will be another bullrun right guys

>> No.12133446

enough tether for 550k bitcoins at the current price, only a tiny amount of which are going to be available. a lot of these will be untethering at $10k+

>> No.12133477

>>12133446
It will never be 10k+ again tho

>> No.12133648

>>12133411
You figured it out OP. You unironically can't cash out those tethers without pumping the market

>> No.12133671
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12133671

Is it gonna blow guys? Does the market pump up and then immediately back down if it does?

>> No.12133672

>>12133411

The catch is that USDT will be seized and shut down by the SEC any time now. It’s not a matter of if, but a matter of when.

>> No.12133760
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12133760

>>12133477

>> No.12133773

>>12133760
The normies already know bitcoins a ponzi

>> No.12133797
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12133797

>Just tether up bro!

>> No.12133801
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12133801

>>12133411
your mom is bull fuel