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/biz/ - Business & Finance

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13507718 No.13507718 [Reply] [Original]

Where where you when you realized that this entire move this week has been fabricated by Bitfinex creating 850 million dollars out of thin air?

Fun fact. Bitfinex withdrawals are currently broken. They’re growing increasingly illiquid and you can’t take money off of the exchange.

This is not the place to go long.

>> No.13507735

>>13507718

Do you know how many ICOs create money out of thin air? They just write up a word document and people give them money

USDT isn't bitcoin. When a shit coin crashes, how much effect does it have on BTC and how long do you think it'd affect BTC?

>> No.13507748

>>13507718
Nothing indicates long, alts are bleeding BTC dominance rises while creating H&S and being supressed by the historically important EMA50 on the daily
We probably have to revisit 4.2 or even lower, although this we'll be probably a fake out

>> No.13507777

>>13507735
USDT is ranked #8 in market cap. It would have a huge effect on BTC if it crashes.

>> No.13508113

This thread is a bobo safe space.

It’s honestly painful to watch all the green wojak sheep heading to slaughter. A bunch of new bag holders are going to be made after the Bitfinex court case tomorrow

>> No.13508136

Bitfinex has done this so many times that they have more than enough money in reserve.

yet nerds like you panic.

>> No.13508143

>>13508136
I'm not panicking!!!! REEEEEE

>> No.13508147

>>13507718
usdt is still there, moron

>> No.13508149

>>13508113
Exactly, patiently waiting for 4k

>> No.13508158

>>13508136
And yet the money doesnt come from thin air. It comes from poor saps holding usdt, which includes other exchanges. These people are fucked if their usdt is no longer worth 1 usd

>> No.13508163

>>13508136
It’s not about tether ecosystem functioning you dolt. They broke the law and are going to learn that actions have consequences

>> No.13508169

>>13507718
>>13507777
if thats the case, does anyone else think tptb are trying to derail BTC as they unveil LINK?

>> No.13508171

>>13507718
Actually this is exactly what should've happened. If you can't pay in USD/USDT, people start to convert their useless USDT to liquid crypto coins such are BTC, LTC, etc.

>> No.13508200

>>13507718
*bear cope increases* soon liquidated?

>> No.13508210
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13508210

>>13508163
baste

>> No.13508228

just like the last pump right?
>3000 soon!!!

fuxking bobos i swear

>> No.13508243

>>13508200
Not going short in transition phases but also not buying in in rising wedges with mediocre volume, right below the piece de resistance

>> No.13508476

>>13508169
>being this deluded

Yes the powers that be are just gonna go right ahead and make segey and Steve the richest men in human history