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/biz/ - Business & Finance

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18542169 No.18542169 [Reply] [Original]

>printed 2.3 billion so far in 2020, pic related
>Bitfinex’s BTC Holdings Decrease by One-Third in a Month:https://cointelegraph.com/news/bitfinexs-btc-holdings-decrease-by-one-third-in-a-month
>BTC Exchange Deposits Hit Lowest Point Since 2016: https://cointelegraph.com/news/btc-exchange-deposits-hit-lowest-point-since-2016
>no reason to print
so we're going to let a chink coin destroy crypto, even with the existance of more reliable stable coin like usdc

>> No.18542212
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18542212

I will give you the real answer so you can sift through all this fucking FUD:

Tether Treasury preemptively prints USDT based on dwindling supplies across exchanges. The supplies dwindle because people are going margin long like crazy. Just look at the ratio of long/shorts on any exchange for any popular coin and you'll see it's 75/25 or higher at the moment. Tether sends the USDT to exchanges and people borrow against the newly minted coin to margin long.

It's that fucking simple. Fuck all the haters and conspiracy nuts on here.

>> No.18542250

Tether is an outright scam and the cancer of crypto.

>> No.18542298

>>18542212
there's less money in margin now than at 10k try again faggot

>> No.18542325

>>18542212
>the biggest crypto derivative doesn't use USDT
>75/25
pic related, they printed 120 million today just for 500 million long, lol

also where is the btc (1/3 of their wallet in a month), while crypto deposit at it's lowest in 3 year https://cointelegraph.com/news/btc-exchange-deposits-hit-lowest-point-since-2016


i really hope you're right, because if they're printing usdt to keep the price high while selling out their btc, were fucked in the biggest exit scam in the history of crypto

>> No.18542340
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18542340

>>18542325
>>18542212

>> No.18542434 [DELETED] 

>>18542325
>>18542325
>>18542340
>>18542340
Maybe also direct me to the whale Alert that shows the 120 million leaving their Treasury and actually hitting the exchanges for the scam pump? I said they preemtively create these tokens for future loans. Nothing wrong with minting tokens in preparation for future demand as long as it remains right in their vaults and can be burned if that demand never materializes. They have not moved most of the amounts they're minting.

>> No.18542502

>>18542434
sshhh his shorts are hurting . let him FUD

>> No.18542511

>>18542340
looks like its almost time to sell