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File: 94 KB, 1192x498, Screen Shot 2021-01-02 at 12.01.12 PM.png [View same] [iqdb] [saucenao] [google]
25420077 No.25420077 [Reply] [Original] [archived.moe]

https://twitter.com/whale_alert/status/1345413105304686593

what does this mean for my coins

>> No.25420102
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25420102

OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>> No.25420130

>>25420077
$1b minted when?

>> No.25420161

>>25420077
it means chinks are paving the way for the future

>> No.25420163

No shit the FED just printed a trillion paper dollars.

>> No.25420174

>>25420077
number go up
only up

>> No.25420212

>>25420077
CHECKED
LET'S FUCKING GOOOOOOOOO

>> No.25420220

Are they just getting a $200 Million investments or loan or something?

>> No.25420247
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25420247

>>25420077
they also printed 300M yesterday
so in the first 2 days of 2021 they already printed half a billion

>> No.25420260

>>25420220
lmao

>> No.25420293

>>25420247
fed just printed 25% of m2 supply into existence like an afterthought. tether is nothing if anything it's a canari.

>> No.25420299

>>25420220
Market buy BTC with money printed out of thin air, as usual

>> No.25420349

>>25420299
How the fuck do they think they will get away with this? Are they just going to sell the USDT or BTC and say the money they got from that sale is backing tether?

>> No.25420379

https://mobile.twitter.com/paoloardoino/status/1345413250096263172
Paolo claims they’re just replenishing the tron network

>> No.25420426

>>25420349
not even sell, thether is "backed" by BTC, which allows them to print tether and buy BTC

>> No.25420432

>>25420299
BASED

>> No.25420448
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25420448

>> No.25420468

fucking madmen

>> No.25420476
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25420476

>>25420077
Are they literally manipulating the BTC price so it doesn't crash and the chart stays looking bullish? Enlighten me bros all of this looks so fucking unbelievably ridiculous it's not even funny anymore

>> No.25420539
File: 2.31 MB, 3440x7712, 1609580254584.png [View same] [iqdb] [saucenao] [google]
25420539

>>25420476
what do you think son ?

>> No.25420621

>>25420539
what source did you use for this graph?
i've been trying to find out how to follow tether printing.

>> No.25420672

>>25420621
I put arrows on the graph every time they print ...

>> No.25420746

>>25420672
>>25420476
>Anonymous (ID: 9peag0E/) 01/02/21(Sat)18:11:38 No.25420
>>25420539
>>25420621
What does that exactly mean anon? what to expect in short term and long term?

>> No.25420757

>>25420476
Thats what happened in 2018. Tether kept printing millions of it and coincidently, BTC kept hitting new highs

>> No.25420761

>>25420621

https://mobile.twitter.com/search?q=from%3awhale_alert+minted+at+tether+treasury&f=live

>> No.25420767

>>25420672
what do you mean you do your own research?! Consume MSM like a good goy!

>> No.25420840

>>25420539
The real question is how high is it going to rise, before the dump.

>> No.25420967
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25420967

>>25420539
>>25420757
So what the fuck happens on the 15th when Tether will have to show proof of their cash reserves? If it doesn't work out, is it the end of crypto as we know it?

>> No.25421080

>>25420967
probably not going to crash immediately, tether holder will actually panic buy and pump the price
what happen next tho ... if binance goes down ie: exit scam, you better sell everything

>> No.25421103

>>25420967
Bitcoin might fall apart and all other faggots will escape into altcoins or soemthing kek

>> No.25421159

>>25420757
WHOA DUDE. Its almost like people use Tether to buy bitcoin! Like its an intermediary used to acquire Bitcoins.... HOLY SHIT!!

>> No.25421172

>>25420967
D O O M S D A Y

>> No.25421267

>>25420672
how do you know when they print?

>> No.25421336

>>25421267
People like you start showing up on here.

>> No.25421438

>>25421267
https://twitter.com/whale_alert

>> No.25421512

>loading the tether fud

>> No.25421517
File: 83 KB, 720x660, 20201201_094554.jpg [View same] [iqdb] [saucenao] [google]
25421517

>>25420130
why stop at 1

>> No.25421546

>>25420077
based

>> No.25421571

>>25421438
that's what I thought. Thank you.
how do you know when they burn USDT though?
is it only from Tether's twitter handle?

>> No.25421577

>>25420967
This is why they are pumping the price, to exit scam.

>> No.25421604

>>25421336
I've been here for 17 years....

>> No.25421644

>>25421577
ooooohhhhhhh now it hit me. They could be pumping the price of BTC in order to generate cash to show on the 15th....

>> No.25421658

Tether fud is for brainlets

>> No.25421663

>>25421571
whale alert report burns as well

>> No.25421713

>>25421663
thank you based anon.
where do they get the data from though? I am curious

>> No.25421717

>>25420077
>input a number into your computer
>trade the number for BTC
>sell BTC for dollars
Is this correct or I'm financially retarded?

>> No.25421754

>>25421159
The problem is they're minting USDT to buy bitcoin with, which is then used to mint more usdt and buy more bitcoin. This only really works if bitcoin continues to go up in value. In their own words (so its probably less), only about 75% of tether is actually backed by any assets, and once the price pulls back, and people start trying to sell, the crash is going to be made exponentially larger.

>> No.25421766

>>25421517
>2019

>> No.25421799

>>25421754
So whats the different to banks? I mean they also only hold a fraction of what they borrow kek

>> No.25421831

>>25421713
The ledger.

>> No.25421835

>>25421799
The banks are backed by the government

>> No.25421877

>>25421835
Bitcoin is backed by the Internet :D

>> No.25421888

>>25421754
>source: dude trust me

Also tether said they were backed by 74% cash and cash equivalents. The other 26% is a loan from Bitfinex, that is the entire basis of the lawsuit. The courts are not alleging tether is not backed, they are alleging that the loan from tether to bitfinex is a conflict of interest.

>> No.25421964
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25421964

>BTC market capital
>600 billion
>tether market capital
>21 billion
>OH NO TETHER IS 3% of BTC MC
>THEY ARE MANIPULATING BITCOINvbjfiejsbsn!!?!\!{
This is how your brain works when you’re a nocoiner. If Tether was poofed away tomorrow it wouldn’t even put a dent in the price of bitcoin.

>> No.25421982

>>25421754
Tether has the cash now

>> No.25421997

>>25421717
You're correct, it's 100% a scam.

However if there's the extra first step of "someone hands you dollars to buy Bitcoin on their behalf", then it's 100% legit.

So the question is whether the people in charge of Tether have those dollars. Oh, looks like they do >>25421888. No story here.

>> No.25422018
File: 302 KB, 513x598, tether_atlas.png [View same] [iqdb] [saucenao] [google]
25422018

YOU HAVE BEEN VISITED THE TETHER ATLAS

THE SKY HIGH PRICE WILL STAY BUT ONLY IF YOU REPLY TO THIS POST WITH

"I KNEEL"

>> No.25422041

>>25421888
>>The other 26% is a loan from Bitfinex
>I'm 100% backed
>with loans
>from myself, to myself
these shameless hucksters make Dogecoin look like the Federal Fucking Reserve. They belong in jail.

>> No.25422058
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25422058

>>25420299
>Market buy BTC with money printed out of thin air, as usual
Except to do that requires someone to sell BTC for Tether. So its not a printer, its real market movement. XRP niggers have been trying to revive this Tether fud for several days now. Its not happening.

>> No.25422109

>>25421964
Not a nocoiner, but that is possible because of how market cap is calculated.

Suppose literally no one else is retarded enough to pay $1m for a bitcoin. You and I scrape together $1m and trade a bitcoin back and forth for the lulz. That 1m has suddenly "manipulated" BTC's market cap up to $18.6 trillion. So tether would just need to hit the right sell walls for their $21b to count.

>> No.25422118

>>25420967
Nothing. Tether was unpegged before and everyone thought Tether was gonna go bust. What everyone did was sell tether for BTC and any alt outthere. As such everything pumped. Stop listening to tether fud, its not gonna blow up.

>> No.25422119

>>25421964
>doesn't understand how markets work

>> No.25422144
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25422144

>>25420077
Tether machine goes brrrrrr

>> No.25422156

>>25420163
>FED PRINTED 1 TRILLION THAT MEANS SOME RANDOM SCAMMERS CAN PRINT BILLIONS EVERY WEEK
cant wait to see this garbage dump 80% in a single day once the tether case goes to the feds

>> No.25422183

>>25421964
I mean I could start a company and create 1000000000 shares and then sell 1 share to someone for $1 and then my company would be valued at $1 billion

>> No.25422209

>>25420077
if there is demand, they have to keep up with the supply or else it would moon even harder.

>> No.25422217

>>25420077
>bitcoin market cap @600 billion
>what does 200 million mean
nothing, other than 200 million more fiat going into crypto.

>> No.25422219

So some guy just invented pretend money and gets to print it whenever he wants and the whole crypto community just said “okay seems legit”????

>> No.25422231

>>25422041
>these shameless hucksters make Dogecoin look like the Federal Fucking Reserve. They belong in jail.
Its not illegal for a parent company to loan to a subsidiary. Companies do it all the time you mouth breather.

>> No.25422235

>>25421964
>he thinks market cap matters on an iliquid market where everyone is a delusional animal that only holds and never sells
The 50% drop in a single day didnt burst your bubble about how fragile this garbage market is?

>> No.25422291

>>25422219
Depends on your definition of "some guy". Hell, Satoshi was "some guy".

There are also other stable coins out there like USDC and DAI. Tether's just the largest.

>> No.25422292

>>25421888
Tether: We're backed by 74% cash/cash equivalents

Source: Trust us

>> No.25422317

>>25422231
and, why, pray tell oh Solomon, would they NEED to be 'loaning themselves' money, if and when Tether was backed 1:1?
A U D I T
U
D
I
T
>and fucking jail. finally.

>> No.25422397

This shit wont end well peeps.

>> No.25422475

Even if tether turns out to be backed by nothing, why would that influence the price of btc? Serious question. It would mean the people who sold btc for usdt are massively fucked because they're now holding a bag of worthless usdt. How does it go from
>net worth of people who don't own bitcoin but do own tether collapses
to
>people who do own bitcoin all simultaneously sell their btc for real usd and tank the price
I'm 100% certain that at least some of the transactions happening right now are in real dollars, how do you know those trades remaining after tether collapses aren't enough to sustain the price?

>> No.25422509

>>25421888
>dude tether is totally legit thats why they fire auditors and dont let anyone audit their system

>> No.25422518

>>25422109
>source: dude trust me
Unless you provide evidence of that you’re an idiot. First it’s tether pumping bitcoin with fake fiat, now it’s fake trading back and forth.
>>25422119
>not an argument
Must be sad to be retarded like you.

>> No.25422578

>>25422235
>oh no the market drops
This doesn’t prove anything. Faggit.

>> No.25422613

>>25422317
>and, why, pray tell oh Solomon, would they NEED to be 'loaning themselves' money, if and when Tether was backed 1:1?
Because tether has no revenue since its a stablecoin. So bitifinex which does have revenue loans the money to tether to create more tether. Not hard to grasp retard.

>> No.25422615

>>25422475
Im so tired of you people, how retarded can you be? If USDT turns out to be priced by nothing, it means BTC IS WORTH 30000 USDT, NOT USD. DO YOU UNDERSTAND THR IMPLICATIONS OF THAT YOU FUCKING RETARDED MOTHERFUCKER? IT MEANS THE MARKET, WHO WANTS 30000 USD FOR THEIR BITCOIN AND NOT 30000 USDT, WILL SELL BECAUSE THEY KNOW THERE IS NOT ENOUGH USD IS THE SYSTEM. HOW FUCKING RETARDED CAN YOU ANIMALS BE?

>> No.25422631

its going to be a blood bath when the tether bank run happens, probably 5+ years of bear market and the death of 90+% of coins

>> No.25422675

>>25422631
So that just means stock will go up or money will have more value. You do have stocks and cash also right?

>> No.25422683

>>25420077
It means people are shorting/selling btc.

>> No.25422688

>>25422578
When the market drops 50% in a single day and loses 100s of billions of dollars in market cap do you think 100s of billions of dollars were made on that sell? You are RETARDED.

>> No.25422693
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25422693

>>25422615
why does no one seem to understand this?
the BTC/USD price on coingecko and CMC is a lie, its a BTC/USDT graph and its mooning because of tether inflation

>> No.25422717

>>25420379
He always saying this nonsense in every big mints

>> No.25422724

>>25422613
so, I lend myself money to back me printing MOAR! money, and thats all good?
k. thanks for explaining. I been doing it wrong this whole time. I should have just declared myself The Federal Fucking Bank of Anon, make BRRRR! while the sun shines, and Good Is.
>until the music stops

>> No.25422745

>>25422675
i have only 15% of my networth in crypto and i wont go higher until tether is gone, that shit is nasty

>> No.25422774
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25422774

>dude if tether crashes people will just buy up bitcoin with tether and the price will skyrocket
>WHAT DO YOU MEAN ALL THE SELL ORDERS VANISHED WHEN TETHER CRASHED WHY DON'T PEOPLE WANT TO SELL THEIR BITCOIN FOR MY WORTHLESS USDT???

>> No.25422777

>>25422688
You’re not even trying to argue my point. You’re just moving the argument around to deflect the fact that only 20 billion tether are in circulation compared to BTCs 600 billion.

>> No.25422787

Is USDC safer to have than tether?

>> No.25422792

>>25422317
>if and when Tether was backed 1:1
Why do I care if Tether is 1:1 reserves if USD isn't?

>> No.25422832

>>25421080
>if binance goes down ie: exit scam
your awareness of the situation is negative at this point

>> No.25422878

So let's say USDT is a scam. What's the play? Go into BUSD or PAX or something?

>> No.25422904
File: 1.08 MB, 3252x2014, transferir (3).jpg [View same] [iqdb] [saucenao] [google]
25422904

BTC Wallet where? Cryptonoob here.
No ID verification, 2lazy

>> No.25422910

>>25422724
>so, I lend myself money to back me printing MOAR! money, and thats all good?
Its 1:1 so yeah, to print the tether they need the equivalent cash in reserves.

>> No.25422924

https://medium.com/@bitfinexed/the-so-called-tether-audit-that-isnt-an-audit-at-all-5a40cfcc2a75

>> No.25422952

>>25422774
a bank run on tether will be a bank run on bitcoin and every other alt

>> No.25422959

pretty fucking sure they don't own billions of dollars to be honest

>> No.25422961

>>25422878
USDC or BUSD

>> No.25423003

>>25422878
>>25422787
there is no play, when tether collapses, everyone will try to cash out to fiat at once, crashing the whole market

>> No.25423045

>>25423003
Can we just find some obscure coin from 2016 and park my cash there? kek

>> No.25423097

>>25422961
>>25423003
yeah or another stable coin seems good right if you move in to it now and it crashes next week

>> No.25423122

>>25422518
Reread my post you illiterate nigger. I was explaining to your retarded ass how size of market cap wouldn't have anything to do with disproving manipulation.

Or do you not even know what a sell wall is?

>> No.25423213

>>25423097
USDC belongs to Coinbase and BUSD belongs to Binance. They are actually audited

>> No.25423222

>>25422792
USD = Backed by US Government, widely accepted and supported
USDT = Backed by (inserts finger in anus, and prays)
>>25422910
SO, I could buy BTC with the Tether I printed, sell that again and pay off my loans to myself, and keep the extra? BUT, get this, if I screw up on BTC price or FUCK UP ENTIRELY, and no-ones *really* looking, I could just *skip* the loan part and fucking PRINT AS MUCH TETHER AS I LIKE, couldn't I?
The only difficulty would be PREVENTING AUDITS. Wouldn't it? How hard do you think that would be - surely, people WOULDN'T BE SO FUCKING DUMB TO FALL FOR THIS. Would they?
>PT Barnum School of Economics

>> No.25423226

Why are stablecoins even a thing? Whats the fucking point? i never got why i would want a stable token instead of Dollars in my crypto exchange wallet

>> No.25423290

>>25423226
so exchanges which cannot get legal right to host fiat pairs still have an alternative

>> No.25423449

>>25423222
>and fucking PRINT AS MUCH TETHER AS I LIKE, couldn't I?
Yeah, the tether might not be 1:1. Thats the fud of tether. But no one really cares since no is buying tether for the fiat behind it.

>> No.25423452

>>25423226
people want to sell high and buy low, but selling for USD and buying from USD is a legal and tax nightmare so the idea is they use a token that implies USD

>> No.25423496

>>25423003
>fiat is inflated more than tether
???

>> No.25423650

>>25423496
fiat is actually backed by the most powerful government in the world, they can print all they want

>> No.25423674

>>25422018
I KNEEL

>> No.25423680

>>25421964
It is not like Tether is under the same ownership as an exchange and can buy and sell BTC to itself using the same Tethers over and over and over again, back and forth between multiple accounts owned by Tether and the exchange principals. All the while separately going long and shorting BTC in advance of their own buy and sell orders.

Oh wait, Bitfinex and Tether are the same owners.

Doy. $20B is more than enough to pump BTC market cap.

Do you think these criminals have short positions lined up for the big dump? Duhhhrrrrr.

>> No.25423690

>>25422777
Trips confirms btc never below 30k again

>> No.25423699
File: 330 KB, 750x450, 1606753104156.png [View same] [iqdb] [saucenao] [google]
25423699

>>25420349

>> No.25423717

>>25423674
Sneed

>> No.25423722

>>25422217
you know that 600b market cap is tiny and that 200m is huge in relation? Don't tell me you thought 200m more liquidity means only 200m potential increase or decrease in market cap?
All btc liquidity isn't available at all time one exchanges, only a tiny portion is traded and not stored, if someone were to dump 200m the price would go down several 1000s in minutes. I'm not saying it is going to happen, I'm saying you parallel is stupid.

>> No.25423760

>>25420077
It means
> Print money
> Buy bitcoin

>> No.25423805

>>25422777
please see >>25423722 and finish high school

>> No.25423867

>>25422904
>transferir

mano, n t metas nisso

>> No.25423872

>somebody stores their wealth in tether
Topkek how can anyone be so retarded

>> No.25423936
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25423936

Bitcoin is worth 32000 tethers, not 32000 dollars.
As soon as you understand this your neurons will tell you why when (there is no if) tether explodes its going to take down the whole market

>> No.25423947

>>25423872
yeah, but storing your wealth in BTC is currently the same thing as storing your wealth in tether i guess

>> No.25424103

>>25423936
I can literallly exchange USD for BTC on Binance right now

>> No.25424167

>>25423680

Problem with the entire conspiracy is that with the amount of money Bitfinex make based on trade percentages they'd have more than enough in revenue to back the Tether with USD.

>> No.25424186

>>25423222
This.
Even cooler ... You can print Tether and pump it into the exchange you own ... Bitfinex ... and then buy and sell BTC using that Tether, back and forth to yourself (using multiple company/exchange owned accounts in Bitfinex), ad infinitum.

And even cooler ... you can take long positions in BTC, or short positions, using leverage, on other exchanges, knowing you are about to pump it, or dump it, using Tether on your own exchange (Bitifinex), because you know the prices quickly equalize across all exchanges.

And the best ... you can transfer that Tether-bought BTC from your own exchange to US dollar based exchanges and cash out for actual cash.

>> No.25424243

>>25420077
as much as I beleive tether has the ability to artifially pump the market, you also have to keep in mind that its also very common for someone to use any sort of OTC market or even an exchange that needs to replenish its supply for its customers so they can load up.

I myself do this I usually load up on tether or USDC before I even pull the trigger and buy crypto, I generally hoard it until I find my entry.

why is every signal of tether buying mean its out of thin air?

>> No.25424254

>>25422693
But i can go on my local yuropoor lowfee exchange and buy bitcoin with my debitcard at 0 fees directly from EUR. Or wire EUR/USD/local shit currency directly into wallet than buy BTC/EUR/USD on the spot.
I never understood this tether shit, always viewed it as daytrader bullshit used to lock a position and reenter quickly when needed. Who the fuck uses tether to cash out?
I've been buying crypto since 2016, never touched tether or any stablecoin.
But this USDT "printing" seems sketchy as fuck tho, i don't think it will end well.

>> No.25424273

>>25420077
>Dollar is worthless because fed go brrrr
>Tether go brrrrrr
Cash out while you can

>> No.25424283

>>25424103
There is no way any Tether exchange has enough actual US dollars to cover a large scale cashout scenario. Which is why the Tether fraud is so dangerous ... a price drop is one thing, a price drop and an exchange implosion is much much worse.

Get your BTC to an exchange that does not use Tether.

>> No.25424379

>>25424283
this if everyone decides to ditch USDT they are in big trouble

>> No.25424388

>>25424283
>There is no way any Tether exchange has enough actual US dollars to cover a large scale cashout scenario.
So they are just like a real bank?

>> No.25424465
File: 1.54 MB, 480x264, F14EFE88-E63C-41ED-84AF-AE1B65098896.gif [View same] [iqdb] [saucenao] [google]
25424465

>>25421103

Almost like some sort of oracle that provides definitive truth might be needed. Now where can we get one of those?

>> No.25424475

>>25420247
based

>> No.25424480
File: 75 KB, 1948x869, EqvjH2sXYAArJzj.jpg [View same] [iqdb] [saucenao] [google]
25424480

>>25424254
>>25424103

>> No.25424519

>>25422615
>If USDT turns out to be priced by nothing, it means BTC IS WORTH 30000 USDT, NOT USD
But there are also people right now buying btc with real USD, not tether.
>IT MEANS THE MARKET, WHO WANTS 30000 USD FOR THEIR BITCOIN AND NOT 30000 USDT, WILL SELL BECAUSE THEY KNOW THERE IS NOT ENOUGH USD IS THE SYSTEM.
You're not making any sense anon, if the market wants 30k usd for their btc then they will put a sell order at 30k usd nothing more nothing less.

>> No.25424562

>>25424388
yes just like a real bank... in senegal, with no protection or strong government in place to stop a complete collapse

>> No.25424646

>>25424167
>more than enough in revenue
What the fuck does that stupid shit mean? Do you think they would "back muh Tether with USD" from their "mOrE tHaN eNouGh" revenue instead of taking profits for themselves and getting rich beyond imagination? Are they gathered round the conference room saying oh look theres 1 billion dollars on the table GUISE ITS MOAR THEN ENUFF LET US TAKE JUST A BIT AND LEAVE THE REST TO BACK OUR LOYAL CUSTOOOMERS THIS IS THE WAY

>> No.25424666

>>25424519
>But there are also people right now buying btc with real USD, not tether.
>>25424480

>> No.25424762

Guys I’m super brain dead -

Can anyone explain what the problem of tether and implications are in a couple of bullets

Thanks brahs

>> No.25424849

>>25424762
>tether prints billions each month
>probably backed by nothing
>whole market constantly uses tether
could be a setup for a big crash. But to be fair the tether fud is been around since 2017 and nothing ever happened

>> No.25424861

>>25424762
people think 1 tether is 1 dollar
its not
the end

>> No.25424863

>>25422058
sure, lol
https://www.coindesk.com/nyag-tether-bitfinex-loan-documents-coming-weeks

>> No.25425044

>>25424849
yeah, nothing, just another pump

>> No.25425087

>>25424480
Source?

>> No.25425133

>>25424762
>Can anyone explain what the problem of tether and implications are in a couple of bullets
Zero implication. Last time tether unpegged and everyone panicked they bought any coin they could. Btc shot up hundreds instantly and every alt was up 20-50% immediately. Then slow bleed down as everyone realized nothing happened.

>> No.25425249

>>25422777
Jesus how dumb are you? Market cap in crypto is a figure of speech. It isn't an actual pool of cash sitting somewhere that gives value to any of this.
I can create an ERC-20 shitcoin, market it as the next big hit even when it does nothing, and print a circulating supply of 100 million. Then I sell it at $1. Boom, my worthless shitcoin has a market cap of $100 million. Do you get it now?
With USDT it is different because they are SUPPOSED to be pegged to $1, as if, every single USDT should be able to be cashed out to an actual 1 USD. But it is all bullshit, they are not transparent and are printing empty money.

>> No.25425251

The US can print that much without any negative short term effects because many people in the world are saving their income/earnings in dollars. What the fuck are they going to do once shit goes back to normal?

>>
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