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/biz/ - Business & Finance

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File: 95 KB, 2400x2400, tether.png [View same] [iqdb] [saucenao] [google]
15701731 No.15701731 [Reply] [Original]

BITFINEX, PRINT MORE TETHER AND PUMP IT, SAVE US, I BEG YOU!!!!!

>> No.15701809

funny cos its true

>> No.15701840

>>15701731
I can’t even imagine the panic over there rn, they have the court hearing coming up also.

Wouldn’t be surprised if they start market selling

>> No.15701873

>>15701731
$26 Billion daily volume. No problem at all. That's pocket change to Tether. Surely they can back that much.

>> No.15701906

>>15701873
they can do whatever the fuck they want
its just a spreadsheet they need to update

>> No.15701938
File: 136 KB, 1012x1107, 9e5cbce65d49e05c90e863c6408e2d6b.jpg [View same] [iqdb] [saucenao] [google]
15701938

>>15701731
It's too late. Major capitulation is happening in a bear market for a product with questionable value at best, crypto. Normies aren't going to hodl for years and years and get nothing for their time unless they've got heavy bags

If Tether was not used to artificially inflate the price of Bitcoin in the beginning, the market probably wouldn't be crashing right now. We might be hitting $4000 organically by now, who knows?

>> No.15701956

>>15701906
Lol imagine actually believing this

>> No.15702025

>>15701956
prove me wrong then

>> No.15702046
File: 220 KB, 1180x931, 4 333 billion.jpg [View same] [iqdb] [saucenao] [google]
15702046

What did they do here? Dump in 100+ million at once and then remove it quickly?

>> No.15702076

>>15701840
https://www.coindesk.com/bitfinex-can-stop-turning-over-documents-to-nyag-appeals-court-rules?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20

they don't have to turn over any more documents

>> No.15702162

>>15702046
they printed more to keep it at $1 because so many people are buying it

like i said, they can do whatever they want
Now when bitcoin stabilises there is now +5% USD in the system for free

>> No.15703048
File: 37 KB, 592x279, f45686776678.jpg [View same] [iqdb] [saucenao] [google]
15703048

AHAHHAAHAHAHHAHAHAHAHAHAH

>> No.15703148

>>15703048
told u

>> No.15703353
File: 18 KB, 400x400, 1561550835312.jpg [View same] [iqdb] [saucenao] [google]
15703353

>>15703048
Just print more money, laaaawl

>> No.15703367

>>15703048
based

>> No.15703426
File: 48 KB, 591x580, 1563056893550.png [View same] [iqdb] [saucenao] [google]
15703426

>>15703353
I'm waiting for an other "accidental" 5B print to hype pump the market

>> No.15703470

>>15702076
I dont understand, why they dont need to show documents anymore?

Sorry Im a brainlet

>> No.15703509

>>15703426
Every time the coins dump tether has to print more to keg the peg at $1

After the dump stops there is suddenly an extra $100m or so injected into the market which can be used to re pump the coins back up

It will collapse eventually

>> No.15703529

>>15701731
THE CAVALRY TO THE RESCUE!!

>> No.15704362

>>15703509
What would a tether collapse actually look like though?
Will we start seeing some exchanges refusing tether redemptions? Some not?

>> No.15704499

>>15704362
>What would a tether collapse actually look like though?
all USDT pair spike up to insane numbers the USD pairs follow at first but hit resistance well below the USDT price,then it all start crashing down as peoples try to cash out in fiats pairs

>> No.15704567

>>15704499
Ohhhhhh
Ohhhhh snapppp
A tether melt up..
That could happen.. looks like it might even be starting right now...
Ok, ok, gotcha

>> No.15704587

>tying your coin to a inflationary coin

Who was the stupid person that had this shit idea.

I bet they think "if my coin is ALWAYS X dollars " this means its not losing value.

Well it is since dollars is losing value because ITS FUCKING INFLATACOIN