/biz/ - Business & Finance

[Anonymous No.15114890]

HOLY SHIT WE BROKE THROUGH RESISTANCE

[Anonymous No.15114910]

WHY AREN'T MY ALTS PUMPING
REEEEEEEEEEE

[Anonymous No.15114913]

>>15114890
we're gonna make it

[Anonymous No.15114926]

weekly closed higher, crazy resistance is now crazy support, all relevant fractals take us upward from here, tether being printed like crazy, we're matching 2013 so damn well

time to short

[Anonymous No.15114936]

where is this money coming from??

[Anonymous No.15114948]

>>15114936

[Anonymous No.15114952]

>>15114936
China

[Anonymous No.15114954]

>>15114890
TWELVE THOUSAND DOLLARS
END OF DAY

[Anonymous No.15114964]

>>15114910
>he thinks alts pump with btc
How new are you?

[Anonymous No.15114969]

I BOUGHT LINK LIKE YOU GUYS SAID AND NOW LOOK I SHOULD'VE JUST BOUGHT THE ONLY REAL COIN THAT EXISTS INSTEAD

FFUUUUUCCCCKKKKKKKKKKKKKK

[Anonymous No.15114987]

>>15114969

Always hold a bitcoin

like buy into whatever shit you want but get bitcoin

>I'm gonna support my local store when there's a walmart down the street

consistency is consistency

[Anonymous No.15115087]

>>15114890
No one gives a single fuck. This is the worst price action ever, even for BTC. No news, no important developments, this is just tether doing tether shit.

REMEMBER THAT BINANCE IS THE BIGGEST TETHER BAGHOLDER AND THEY WILL END UP KILLING THE MARKET

[Anonymous No.15115117]

>>15114936
Some guy entering a random number at the at the tether printer and hitting ok. They could print 1000 Trillion USDT in one setting if they wanted too.

The entire market is getting worthless by the minute.

[Anonymous No.15115132]

>>15115087
You are a idiot. How many tether are there, like 10 billion tops? Even if the whole thing crashed right now, it would hardly affect BTC at all.

[Anonymous No.15115159]

>>15115087
>>15115132
what the fuck is tether and why does it affect the price of bitcoin

god damn it

[Anonymous No.15115183]

>>15115132
Tether volume is literally bigger than BTC.

>How many tether there are, like 10 billion tops?

How about infinite? Tether is being printed at will by bitfinex in conjunction with binance. Just a few weeks ago they printed like 5 billion "by mistake". This entire this is a fucking fraud.

[Anonymous No.15115187]

>>15115159
Explain it to me.

[Anonymous No.15115205]

>>15115117

You’re a negative Nazi who must have sold

Get punched and S E E T H E

[Anonymous No.15115218]

Mudda fuckin PAMP IT

[Anonymous No.15115224]

>>15115159
Think of Tether like a digital US Dollar. It is a fiat currency with an unlimited supply, and can be printed in secret which means nobody knows how much is actually out there. The group that owns tether has a large amount of BTC and USD funds as collateral which keeps the price of tether at roughly 1 USD = 1 Tether.

[Anonymous No.15115231]

>>15115159
>>15115187
How it's meant to work: People put money into tether from usd to trade for various crypto

How it actually works: the guys who run tether just keep "printing" more tether and buying up btc because they can

[Anonymous No.15115322]

>>15115231
But isn't it backed by USD? As I understand they've even gone through audits, do you have any sources that show that A) they are printing more without any USD backing and B) they are doing so just to buy up tons of BTC with it? Where's the proof?

Even if that were all true, what would realistically happen if tether were to disappear overnight? Outside of a short panic cycle, it wouldn't affect the average person's perception of how much Bitcoin is worth. Maybe on some exchanges it would suddenly become harder or impossible to transact, but that's only until they switch to an alternative, like just USD trading pairs. Coinbase has all the major coins in USD trading pairs, so what's the problem