/biz/ - Business & Finance

[Anonymous No.25443768]

Exit scam in progress

[Anonymous No.25443811]

>>25443768
Go on....

[Anonymous No.25443843]

>>25443768
its actually hilarious. i tried to short it at 30k but now i just said fuck it. opened a long at 30k and will ride it along. if you cant beat them join them. still 12 days of shameless printing and pumping ahead

[Anonymous No.25443848]

[Anonymous No.25443960]

>>25443848
Yes I know sell green wojacks. I’m actually retarded though OP. Please spoon feed me like an infant? How are btc and tether related? I remember hearing about tether causing the pump in 2017. But I never looked into it because I was busy riding green rockets to the moon and looking for lambos.

[Anonymous No.25443986]

>>25443960
BUMPERONI

[Anonymous No.25443995]

>>25443768
They can't keep getting away with this. How can people just brush this off?

[Anonymous No.25444073]

>>25443995
15 january. they have to give the documents to NYAG. if they cant produce the documents (spoiler alert: they cant) the case will get passed on to the feds

[Anonymous No.25444151]

>>25443960

[Anonymous No.25444165]

>>25443960
Most crypto or at least bitcoin transactions occur with Tether acting as the currency. But Tether itself is vacuous about it's actual backing in cash and could get completely raped if the government stepped in. Best case scenario people switch over to another stablecoin with only a little impact. Worst case is the whole market crashes like 2017/2018.

[Anonymous No.25444185]

>>25444151

[Anonymous No.25444308]

>>25444165
Thank you. Isn’t tether under some sort of investigation by the SEC? The government is getting into crypto mainly alts (xrp is a prime example) And if I remember right at the end of the 2017/2018 crash bitcoin pumped again because its easier to cash out of bitcoin than say xrp or xvg or whatever shit coin you were bag holding at the end. Some whales had anticipated that and moved into btc early and just dumped on the people trying to cash out of alts. It was a messy blood bath if I remember it all correctly.

[Anonymous No.25444385]

>>25444185
Thank you. Pictures are worth a thousands words. Wow. I had no idea. If I had realized this in 2017 things would have been very different hind sight is 20/20 and all that. Thank you very much anon.

[Anonymous No.25444389]

>>25443768
I'm legit afraid. I see ignorant euphoria and random numbers thrown. If it bursts it will take a LONG time for a recovery.

[Anonymous No.25444401]

>>25443768
Oh yes the 10b tethers printed in the last 12 months have driven btc, a 650b asset to a +300% move . Kek how do these idiots understand so little?

[Anonymous No.25444418]

>>25443811
No that's all they have.
>big numbers are a myth, the biggest number is 3

[Anonymous No.25444434]

Why would people sell their bitcoin if tether really should implode? I don't get this FUD. There are many other stablecoins

[Anonymous No.25444455]

>>25444434
This is simply nocoiner cope

[Anonymous No.25444474]

>>25444401
They were printed at critical moments. Get a grip you tool.

[Anonymous No.25444477]

>>25444434
this there are plenty of non chink options too

[Anonymous No.25444503]

>>25444389
Yeah. I got out of crypto in 2017 or something like that. I’m literally an idiot though and did very stupid shit that whole bullrun. Realized I’m an idiot with a short attention span and put gains into home improvements and leave money management to professionals. I try and get my kids investing early though. Don’t want them to end up like I did after that bullrun. I was seriously considering FOMOing into this run. But crypto is so stressful and I know better than to up on a big green dildo. Got ass raped enough last bull run. And I keep seeing tether FUD. But all the green wojacks make me nervous. I hate them always mean I needed to sell.

[Anonymous No.25444530]

>>25444418
I don’t understand.

[Anonymous No.25444550]

>>25444455
This.

[Anonymous No.25444616]

>>25444477
>plenty of non chink options
You really think they can just start trading in anther stable coin without a fairly big disruption to trading? I have doubts. Crypto has never lightly reacted to anything.

[Anonymous No.25444638]

>>25444616
Tell that to BTC and literally all the fud in the space rn

[Anonymous No.25444656]

>>25444474
CrItiCaL MoMenTs 10b tether drove btc to 34k. KEK. One individual bought 1.3b of btc alone that’s documented in a 2-3 month period The absolute state of these nocoiner plebs, no wonder they’re poor and miserable they don’t even understand the absolute basics

[Anonymous No.25444675]

>>25444530
>100 million new tether minted
>haha number too big must be scam
Even if it turns out to actually be a scam the tether fudders didn't figure it out by actually analyzing anything. They're just guessing.

[Anonymous No.25444732]

>>25444308
This is wrong and literally the opposite to what happens lol, in bullruns BTC TPS clogs like a motherfucker and fees skyrocket so people use other coins to get their profits fast and cheap.

[Anonymous No.25444746]

>>25444675
Lol even usdc is up to 4b and fully compliant and audited, they never fud or acknowledge that. Yet the concept of tether being the first mover, years older and only 5x that size makes them lose their minds

[Anonymous No.25444801]

>>25444732
Back then I think most exchanges you had to convert to btc to cash out. Some exchanges you could cash out in eth. Maybe I’m wrong it was a while ago.

[Anonymous No.25444869]

>>25444675
Idk. >>25444185
That looks like some did their research.

[Anonymous No.25444883]

>>25444401
The total market cap of BTC doesn't matter, if you purchased right now 30 million worth of BTC on kraken it would pump the price to 40K. Only the price of the last transaction will dictate the total market cap (which is just the market price*the total number of coins) 600 billion is the price to buy ALL of BTC at once, those 10billions can make a major pump (this 300%).

[Anonymous No.25445126]

>>25444869
It's deceptive. What would you expect that chart to look like if everything was legit? Exactly the same. Try to use more transparent companies or DAI but we have no reason to suspect tether is doing any of the shit the fud claims.

[Anonymous No.25445149]

>>25445126
Aren’t they dragging their feet about turning stuff over to New York DA?

[Anonymous No.25445167]

Tether fud, the ultimate no coiner tears

[Anonymous No.25445173]

REMEMBER, NO DIPS.

[Anonymous No.25445226]

>>25444073
holy shit is this real? sauce. makes sense now though. they are pumping to maximize dollars to cover their $800+ million deficit on USD that is supposed to cover USDT

[Anonymous No.25445256]

>>25445167
Why is it just cope and tears? I’m serious. Give me a good reason with sources to think it’s legit. I can just type in tether and New York into google and plenty of recent articles come up to give someone doubt. Why would something be pumping with legit cause to doubt? Especially in a space that is known for shady dealings and exit scams.

[Anonymous No.25445291]

>>25445226
>sauce

Just google tether and New York yes it’s real. I consider myself a brianlet here but I know about keywords and google.

[Anonymous No.25445329]

>>25443768
still 2 weeks of this wild ride before it happens

[Anonymous No.25445373]

>>25445291
i just googled it. so basically this whole pump is so tether can recoup the dollars they lost by giving the fraudulent loan to bitfinex while simultaneously claiming usdt reserves never deviated from equaling 1 usd.

[Anonymous No.25445375]

>>25445256
A lot of the controversy is tether admitting that in actuality some of the “backing” is shit like bonds and non-currency investments

https://breakermag.com/tether-now-admits-its-not-fully-backed-by-dollars/

[Anonymous No.25445380]

>>25445149
They may have and they may have mountains of skeletons to hide without any of them having anything to do with the current fud. None of that really matters to the users as long as they're solvent which they probably are, they should have lots of cash and assets. Let's assume the cops find out all the fud about infinite buy loops is true, the current tether can still be backed and likely is considering how much money they should be making.

[Anonymous No.25445382]

>>25444883
One of the dumbest things I’ve ever read

[Anonymous No.25445455]

>>25444073
where can I check this information? how do you know its 15 january?

Thanks in advance anon.

[Anonymous No.25445614]

>>25445455
Biden stepping in. XRP getting delisted from CB and other big exchanges. You think it's not coordinated? Think otherwise.

[Anonymous No.25445630]

The problem with the tether FUD(which isn't FUD at all, just facts) is that retail investors not only dont understand, they simply dont care. So like all ponzi schemes, the scam wont matter until suddenly, it does. And you cant forecast exactly when a ponzi scheme will unravel.

[Anonymous No.25445718]

>>25444185
But as long as the Fed keeps printing, Tether will keep printing, and as long as Tether keeps printing, Bitcoin keeps going up

[Anonymous No.25445760]

This shit is actually fucking genius. They just took what the kikes do in every country and applied it to bitcoin.

[Anonymous No.25445787]

>>25444073
I keep seeing this deadline, where can I find it?

[Anonymous No.25445969]

>>25445614
Could you give reliable data to back up your claims?

Thanks anon

[Anonymous No.25445994]

>>25445614
>Biden is stepping in
To what? An alzheimer's clinic?

[Anonymous No.25446059]

>>25445760
This. They aren't printing tethers. They are doing QE.

[Anonymous No.25446103]

the final question is if NYAG uncovers this and makes it public how hard will crypto crash?

[Anonymous No.25446110]

>>25446059
Lul

[Anonymous No.25446134]

>>25446103
Hard, I don’t even think that’s a question. When has crypto not reacted violently to any stimulus?

[Anonymous No.25446146]

Anons, let's reason here. This thing is a threat to our money, how can we be safe? I am seriously considering only trading in usdc now on, it will cut profits, but it looks really strange to me that usdt market cap tanked 2 billions in 4 hours. And also, I am unable to understand why usdc/usdt price tanked in the same time usdt lost 2 billions of market cap.

What opinions do you guys hold on this? We need to think this shit straight, seriously.

[Anonymous No.25446157]

>>25443843
12 days? Why?

[Anonymous No.25446163]

>>25446103
It would probably be similar to how when niggermex went to jail crypto died forever and never recovered.

[Anonymous No.25446224]

lads, does this mean the mother of all shorts is possible around Jan 15th? this is like the big short except for crypto

[Anonymous No.25446246]

>>25446146
Unironic exit scam?

[Anonymous No.25446262]

>>25444185
How do we actually know the dollars are fake? Is it so inconceivable that somebody is spending a few billion on bitcoin?

[Anonymous No.25446332]

>>25446262
Yes, billionaires are not dumb enough to buy BTC

[Anonymous No.25446406]

>>25446146
you’re dumb as shit, stop overthinking and relax cause the midwits here will have you lose money either way, the ones fudding are dying that people have made so much profit and they’re literally praying for anything to happen cause they can’t stop checking the btc price despite owning mine, it’s hilarious. But yes usdc is audited, us based and insured and 4.1b. I just laugh that the pleb can believe usdc has 4.1b, but tether being 3 years older couldn’t have 21b
>>25446163
This

[Anonymous No.25446492]

Where can we find his 134 page thesis?
https://bitcoinschannel.com/tether-usdt-to-face-do-or-die-situation-in-2021-messari-report/

[Anonymous No.25446525]

>>25446332

[Anonymous No.25446526]

>>25445630
The thing is, once you understand how scammy the world is, you realize that if the right people are in on the scam, it might not even get exposed at all.
If tether is actually not printed out of thin air but just illegal money getting laundered by really powerful people, you think it will ever get cracked down? It wont

[Anonymous No.25446580]

>>25446224
they've been moving the date for like 2 years or something

[Anonymous No.25446595]

>>25446406
Yeap man, you are really smart calling other names, mommy didn't loved you enough so you feel like you are dumb and need to self validate yourself at an anonymous board. This is an anonymous board, you have no idea with who you are talking with. Either you back your claims with data or just stfu.

[Anonymous No.25446614]

>>25446406
Seething r/buttcoin nocoiners have started brigarding /biz/
They ignore the fact that defi greatly increased the demand for stablecoins. Tether has to print to prevent the price from pumping above $1
They never mention the growth of USDC, HUSD, PAX, BUSD. All regulated by NYSDFS with deposits held in FDIC insured bank accounts in USA.
Also the growth of margin-trading on exchanges like Binance that uses USDT.
If Tether printed USDT that the market wasn't demanding and pumped it into BTC (flooding the market with USDT in the process), the USDT price would crash below $1.
It's an economically illiterate conspiracy theory. r/buttcoin are the Qanon of crypto. The end is nigh! The evil pedophile butters will be smitten soon! Trust the plan!

[Anonymous No.25446632]

>>25446163
Comparing bitmex to tether lmao. If tether actually went under it would be many times worse than mt gox. It would probably be the end for crypto

[Anonymous No.25446652]

>>25446614
They also ignore trustworthy reports and data showing multiple billions in real fiat inflows.

[Anonymous No.25446664]

>>25446157
IYKYK
Jan 15th
Bitfinex/USDT

[Anonymous No.25446674]

>>25445382
No you're just a fucking retard who doesn't understand how market caps work.

[Anonymous No.25446717]

>>25444656
cope. no understanding of market cap basics.

[Anonymous No.25446727]

>>25446614
Yeah k. Midwife for sure here. But I don’t trust giant green dildos. Enjoy faggot that’s all yours.

[Anonymous No.25446763]

>>25446595
What’s your proof a shill news article? Kek you don’t even understand how rival Stablecoins can pay to have anything published to take market share from tether as happens in business, jan 15 will be yet another nothing burger, you idiots just hurt the Noob pleb cause you scare them out of the profitable investments. and into garbage, same as schiff, end of the day nobodies ever since inception lost money buying spot bitcoin, EVER since inception, if you bought the top in 2017 you’re only up a mere 80% kek. If you bought the top on gold it took what a decade to break even, silver down 40% from the highs. you cunts will always be poor cause you simply don’t understand how the games played, you listen to the noise and not the price the theory not the profits. you’re loud but not in a position, no short cause you’re uncertain, you’ll live uncertain and die poor and uncertain and markets punish people like you.

[Anonymous No.25446785]

Look fags, stop talking shit you don't know and start google searching this report from messari's. Either we read real shit and think about it or will be here screaming at each other and going no where, we need real data do analyze the situation.

>>25446492

[Anonymous No.25446812]

>>25446262
If you had dozens or hundreds of millions would you send them to shady company mired in lawsuits, doubts and scandals to buy btc or just buy the fucking btc directly on an exchange or otc desk?

[Anonymous No.25446846]

>>25446763
I don't have any proof, I can't even figure out this situation without analyzing real data, which I hope I can find in that fucking report.

[Anonymous No.25446858]

>>25446763
Telling people to buy on that green dildo is bad advice and you fucking know it.

[Anonymous No.25446884]

>>25443768
The real question is if biz knows where the newly printed tether is going
>isn't it into BOND?
if you only knew my son, if you knew

[Anonymous No.25446927]

bitcoin is not worth $35k. simple as.

[Anonymous No.25446933]

Ok, found it. Now let's read this shit and state our opinions like grown adults.

https://messari.io/pdf/messari-report-crypto-theses-for-2021.pdf

[Anonymous No.25446953]

>>25446858
I’m not telling anyone to vuy, as if I could care what the butthurt pleb says I’m heavily positioned since below 3k cause I’m not a cuck, I have conviction and strength which is what the angry fudder here despises. They don’t have the courage to be either long, nor short. Just noise, anyway I’ll leave it with grayscale have more bitcoin under management then the whole market cap of tether, That’s one institution, kek plenty more coming this year

[Anonymous No.25446973]

I don't absolutely fucking get it, how can people accept some shitcoin
>we are backed, trust us
>yes, we got audit
just because
>muh pdf

Seriously.

[Anonymous No.25446975]

>>25446146
>Anons, let's reason here. This thing is a threat to our money, how can we be safe?

Your entire post is inside out and backwards. Bitcoin isn't a threat to fiat. You can't threaten something that has no value.

[Anonymous No.25447060]

>>25446933
Page 73, not much, no where again... need a real report about this...

[Anonymous No.25447074]

>>25444455
>>25444434
/thread
If Tether went to 0, you can expect some volatility but the other stable coins were created precisely because of that.
In the long run it would even be good for the entire market, because Tether currently way too dominating in a supposedly decentralized market. After Tether is cleared or not cleared, Bitcoin is going to explode upwards either way

[Anonymous No.25447135]

>>25446953
Go to a therapist you seriously need to self validate yourself at an anonymous board, you have issues, go solve then. Read the tao the ching, you have a huge ego it will hinders your progress in life. If you are too sure of something you are probably wrong and at the top of the dunning Kruger graphic.

[Anonymous No.25447152]

>>25445382
(Brainlet)

[Anonymous No.25447220]

>>25446953
I bought bitcoin sub 1k. I don’t care what you do. But you’re euphoric and emotional. Which is a sell signal. That manic
>more institutions
>more money!
>fuck the sec investigations were legit enough!

Yeah.....institutions care about sec investigations. Institutions care about tether being legit. Why? Because their boomer customers are going to have uncle sams dick in their ass if they sold them some scam coins. You know these greeen candles aren’t going to keep going for long. Last bullrun I thought they anon here who sold all his thousands of bitcoins at 6k was an idiot. But I see why he did it now. He saw the mania. And the manipulation. Crypto is full of scams and outright thieves. Good luck anon.

[Anonymous No.25447284]

>>25447060
There is none, it's all speculation. He tells us to read his report from the previous year where he also says nothing except that he believes demand for stablecoins is magic.
>Given the rumors that have swirled around Tether’s solvency, and the fact the company had admitted USDT banking balances were (at least temporarily) underreserved and secured by non-USD assets at Bitfinex, you’d expect Tether to trade at a discount, as it did when rumors of insolvency hit their peak in late 2018 and earlier this year.
>Alas, it does not currently, and has not usually traded at a discount, but a premium.
>Magical.

[Anonymous No.25447350]

>>25444073
https://www.coindesk.com/nyag-tether-bitfinex-loan-documents-coming-weeks
>>25445149
yes
>>25445375
thereby violating the law
>>25445380
lmao what? this is the most coping-ass post i've ever seen. "i'm just going to choose to believe that this company is telling the truth even though it is blatant to everyone that they are not"

[Anonymous No.25447351]

>>25447220
Yeap, I agree with you, we are seeing people in maniac phase, but I don't think it is time to take profits and get out yet, it is just time to be cautious and keep your feet on the ground, money is a fucking illusion, this shit is like chess if you think you will win you will lose, you can never let your guard down. Out of my gut felling I am setting my bot to trade at usdc, I rather have less profit than end up completely fucked by usdt imploding.

[Anonymous No.25447375]

>>25445455
https://www.coindesk.com/nyag-tether-bitfinex-loan-documents-coming-weeks

1.3 trillion dollars is a lot of money anon

>>25445630
except in this case you can, i.e. when they are required to submit paperwork they don't have to an attorney general who is suing them for 1.3 trillion dollars

[Anonymous No.25447380]

>>25446727
>I don’t trust giant green dildos
kek what the fuck are you doing in crypto then?

[Anonymous No.25447383]

>>25447220
cope harder kid, I can sense the passive aggressive butthurt cope in your message. I’m worth close to 5m now and half of that is outside of btc, I’ve been right for years, can’t say the same about you tether plebs though

[Anonymous No.25447405]

>>25447284
Yeap... I am disappointed also. I wish we could find some real report.

[Anonymous No.25447406]

>>25447383
oh wow we are all amazed, can you give me an autograph

[Anonymous No.25447432]

>>25445994
lmao they are already starting to talk about President Kamala: https://thehill.com/opinion/white-house/532213-are-we-allowed-to-whisper-about-the-transition-to-president-harris

conservatively BTC will drop by half. idk about others. XRP will skyrocket as it will be declared not to be a security but a currency, as it has in other countries already, along with XLM and ALGO who are the blockchains the central bank-issued stablecoins will be run on

[Anonymous No.25447454]

>>25447383
Pics or it didn't happen. Right now you are the try harder here. Just look at yourself, you are trying to self validate in an anonymous board.

[Anonymous No.25447469]

>>25447350
>it is blatant to everyone
It's not. You have no idea. Instead of noticing the premium the markets puts on the price of tether and using that data to help you understand what's going on you faggots just ignore it as "magical" because it doesn't fir your preconceived narrative.

[Anonymous No.25447483]

>>25447383
>cope harder kid
>I’m worth 5m
>trust me
>I’m acting like a manic faggot
>trust me
Yeah we can be whoever we want to be on the internet.

[Anonymous No.25447562]

>>25447469
I am sorry, I was unable to understand you argument, could you be more clear please?

Thanks anon.

[Anonymous No.25447563]

>>25447483
kek, 5m is incomprehensible to you idiots when it really isnt even a lot of money for a person who’s invested for a decade without an inheritance , always unearths the pretenders. Again, endless theory isn’t making you money go back to plebbit and discuss what a bubble Tesla’s in while those of us who made millions laugh at you

[Anonymous No.25447624]

“Nobody can be worth more then me cause like I’ve spent 2000 hours researching how tether is a scam and bitcoin is a bubble while having no position and making no money, bitcoin going to 100k is incomprehensible even though there are Pokémon cards worth more then that” kek, I present to you the midwit

[Anonymous No.25447630]

>>25447563
cringe

[Anonymous No.25447663]

>>25447563
>>25447624
>imagine being a millionaire and this is how you spend your time

[Anonymous No.25447672]

>>25444434
Because there is no price manipulation by them anymore, which means bearish patterns can actually develop and play out as intended without them printing ungodly amounts at just the exact right critical moment to keep it from crashing or having a major correction at least. Not to say crypto in general wouldn't react very bad just by the thought of the most popular stablecoin getting fugged.

Media would go crazy and ride on it forever, most normies will never entertain the thought of buying crypto after that happens. The demand for regulations will be high. We all know what this lawsuit could set in motion, to say it won't have an impact is peak delusion.

[Anonymous No.25447698]

>>25447563
k, I am happy for your success.

[Anonymous No.25447739]

>>25447562
They're surprised about the amount of tether being minted but then the tether that's out there trades at a premium.

All else being equal that basically means there's more demand than they're minting. For me the more surprising thing is that the cap for stablecoins combined isn't even close to bitcoin even with all the stablecoin trading pairs and all the defi hype.

[Anonymous No.25447757]

>>25444401
Leverage, and since they're not backed its just numbers in a compter and exchange bots using them to wash trade.

[Anonymous No.25447767]

People looking for lifeboats. They have to cash out into something else before tether goes to zero like is happening to XRP.

[Anonymous No.25447770]

>>25447624
what's your price target for BTC this cycle, chad?

[Anonymous No.25447818]

>>25447767
The tether pegs still stable so of course you’re wrong
>>25447770
use your manners and I’ll tell you kid

[Anonymous No.25447900]

>>25447739
That is something that doesn't makes sense for me also. I stated before that when usdt market cap lost 2 billions in 4 ours, the pair usdc/usdt lost significant value compared to other times, that makes no sense since usdt should lose value if its market cap is getting lower, and the pair usdc/usdt should gain value, right?

[Anonymous No.25448023]

>>25447900
The only way for a usd stablecoin to lower its cap as measured in usd is by burning tokens or losing price. Tether does burns sometimes apparently.

[Anonymous No.25448208]

>>25448023
If that is the case, why the pair usdc/usdt also lost value? I am unable to understand this.
It would only make sense if usdt is burned by selling the reserve of their assets, they could have a reserve in usdc and sell it to cash out real money.

[Anonymous No.25448247]

Anyway, my course of action will be to only trade in usdc now on, just programed my bot, wish me luck guys. I need to go to sleep now, it is already morning... if you guys find anything else meaningful post here, I will read when I wake up.

[Anonymous No.25448501]

>>25444656
The market cap is tether in circulation. It’s not total amount of printed tether, which is much higher.

[Anonymous No.25448749]

>>25446975
The irony is that Bitcoin has no value, while fiat does.

[Anonymous No.25448942]

Deadline 15 January
https://www.courtlistener.com/recap/gov.uscourts.nysd.524076/gov.uscourts.nysd.524076.154.0.pdf

[Anonymous No.25448981]

1. bitfinex and tether are the same fuckin thing
2. there's no #2

[Anonymous No.25449063]

>>25448981
They pretended they weren't until Panama papers revealed they are. They're as shady as you can get.

[Anonymous No.25449177]

Tether will most likely start to fade after the court case, if not outright get banned

USDC will start to slowly take over. It is already printing at a faster rate than Tether for the last months.
MKR/DAI might get some share of the DeFi sphere action.
In the end, nothing significant will change for the everyday crypto trader

[Anonymous No.25449195]

>>25448942
Do you even know what the court case is about?

[Anonymous No.25449198]

>>25449063
Thanks for the reminder
https://www.icij.org/investigations/paradise-papers/paradise-papers-connection-sparks-massive-bitcoin-lawsuit/

[Anonymous No.25449283]

This thread glows and is a massive sell signal

[Anonymous No.25449718]

>>25449177
Imagine if they use USDT to buy USDC or any other stablecurrency, and thus in effect use these stablecoin currencies much the same way they use USDT.

[Anonymous No.25449757]

>>25448942
Plenty of time to print. The question is, does Ifinex have an actual plan or are they just printing like crazy because fuck it?

[Anonymous No.25449804]

>>25443768
Ever since the stable act got announced they've been minting like mad. Another half a billion in the last 24h. That last 200M just in time to catch that knife yesterday and shift the momentum..

Look at the trade volume of btc/USDT vs btc/USD. Look what "people" are using to buy btc. Look at the Bitfinex volume after each minting.

https://mobile.twitter.com/search?q=from%3Awhale_alert%20minted%20at%20Tether%20Treasury&src=typed_query&f=live

You'd have to not be paying attention to not see what's happening. Don't let the Euphoria cloud your judgement. By all means ride the trend but just be ready to bail when the music stops

[Anonymous No.25449980]

>>25444185
Correlation is not causation, dummy.

Tether prints BECAUSE people buy BTC and need tether for their transactions. If they didn't print, how could they keep it pegged to usd when demand rises?

[Anonymous No.25450708]

>>25449980
You can buy btc using fiat, or -- better yet, OTC if you're a hedge fund.

There's literally no reason why they'd go through Tether, then market 100M at a time. They'd lose so much through slippage alone...

[Anonymous No.25450753]

Regulators are coming

[Anonymous No.25450805]

>>25447074
USDC is already #11 coin. It would just replace Tether.

[Anonymous No.25450832]

>>25449722
Migrate to this thread if you want to do something other than talk shit

[Anonymous No.25450897]

>>25446975
>something that has nop value
Try go to your next Walmart and buy your deep fried Pizza Stronzo with BTC.

[Anonymous No.25450929]

>>25450805
70% of btc trading pairs is with USDT. That kind of dominance doesn't just get gently shifted. It'll be a rug pull equivalent event.

[Anonymous No.25451030]

>>25447432
>XRP will skyrocket as it will be declared not to be a security but a currency, as it has in other countries already, along with XLM and ALGO who are the blockchains the central bank-issued stablecoins will be run on
Take your fucking meds schizo

[Anonymous No.25451610]

>>25449718

Problem would still be with Tether, not the other stablecoin.

[Anonymous No.25451670]

>>25444185
>Ice cream causes warmer weather
Kill yourself.

[Anonymous No.25451748]

>>25450708
The Chinese do it because their government doesn't approve of bitcoin.
>Chinese investors secretly buying Bitcoin helped fuel Tether’s $5 billion surge
>Who says Bitcoin’s most popular stablecoin is backed by nothing? A new report says demand comes from China.
>One of the more titillating questions among Bitcoin watchers is, who’s buying all that Tether that’s propping it up? >According to a new Sino Capital report shared with Decrypt, the answer is pretty simple: lots of Chinese investors are a part of the equation. And they don’t want you to know that they’re buying USDT, because the government frowns upon buying Bitcoin there.
>That explanation helps address some of the criticisms of USDT, partly fueled by an academic paper that claims Tether was used to pump Bitcoin in 2017, and the claim that Tether’s holds fractional, three-fourth reserves. Critics have maintained that the company is merely “printing” the stablecoin without having any real buyers, and thus inflating Bitcoin’s price.
>But one thing affecting the issuance of new Tether is throngs of Chinese buyers using over-the-counter brokers, according to the report.
>"Our key point is that 1) OTC is an enormous market in China—far bigger than people think, and that 2) USDT is the crux of that flow," said Matthew Graham, CEO of Beijing-based Sino Global Capital, which prepared the report for Decrypt this week.
https://decrypt.co/32041/chinese-investors-secretly-buying-bitcoin-helped-fuel-tethers-5-billion-surge?amp=1

[Anonymous No.25452032]

>>25449980
Tether doesn’t have a bank account. Do you understand? They have no place to store $21 billion dollars. This guy was literally their ”bank” before he ran away with $850 million.

[Anonymous No.25452265]

>>25447624
Look at this triggered faggot lmao. Get some help bud ffs you are embarrassing

[Anonymous No.25452438]

>>25443768

[Anonymous No.25452451]

>>25443768

Tether marketcap: $21,338,455,391
Bitcoin marketcap: $605,956,817,295

Tether = 3.5% of Bitcoin's marketcap.

If Tether collapses, it will have little to no impact in Bitcoin's price.

Tether is used for fiat liquidity in the market. It's a peg to the USD, which is a currency based in politician's honesty, having some utility but no real scarcity.

Tether is not what gives value to BTC. BTC is valued on its utility (store of value) and scarcity (21M).

Tether is disposable, as USDC and DAI provide the same "value", which the added benefit of legitimacy.

But if you really think that Tether is an issue and BTC will collapse, by all means short BTC with leverage. You can make a fortune out of your great insights in the market.

[Anonymous No.25452547]

>>25452451
>reddit spacing
>doesn't understand marketcap at all
>is a dumb nigger

nice one, you dumb nigger

[Anonymous No.25452587]

>>25452451
Look up the daily trading volume, now imagine Tether selling 21 billion worth of bitcoin to cover mass withdrawals.

[Anonymous No.25452614]

>>25448749
>But muh crypto revolution
Bitcoin's only value is its function as a trustless way of sending big sums of money and as the possible supporting currency for all of crypto (which could be taken away but somebody else like ETH and assuming governments don't create cryptos that make these useless before they get widespread adoption).
Meanwhile, USD is a currency that keeps demand high through inflation and taxes and will be there until the US government as we know it is standing.

[Anonymous No.25452655]

>>25452451
Learn the difference between marketcap and volume before posting on an imageboard about business and finance

[Anonymous No.25452661]

Bitcoin 3.0

[Anonymous No.25452678]

>>25452547

> adhom argument
> doesn't understand marketcap at all and says that others don't understand it
> holds no significant amounts of BTC
> newfag
> altcoiner
> soiboi
> tranny
> jew wannabe

Hang yourself while we maximalist oldfags get rich

[Anonymous No.25452730]

>>25452587

That would cause a 3.5% variation in Bitcoin's price. Not significant in 2021.

[Anonymous No.25452786]

>>25443768

The Tether symbol already spells out what it does, The T is in the @sshole ;-)

[Anonymous No.25452823]

>>25452678
Literally read an article online or watch a fucking youtube video on how marketcap works, pop some adderall if you have to you fucking absolute braindead nigger

>>25452587
>>25452655
We literally all see how you have no fucking clue how marketcap works. It's common sense.

[Anonymous No.25452844]

>>25452730
>if Tether needs to sell 21 billion USD of Bitcoin the price would drop with 3.5 %.

[Anonymous No.25452860]

>>25451748
>BTC-USDT is the only pair
yeah naw dude.

Tether has never EVER been audited. It even says in Tether's own terms of service that they hold no obligation to exchange your USDT for USD. It's fairy dust

[Anonymous No.25452891]

>>25452823

I work in the finance industry, you faggot dimwit.

You don't get what I'm saying as you're used to think in terms of narratives. That's why you're a poor dumb fag.

Short Bitcoin with 25x leverage. I dare you.

[Anonymous No.25452896]

>>25452823
Bitcoins market cap doesn’t mean shit. If there’s a 21 billion fire sale on Bitcoin the price will literally go to zero.

[Anonymous No.25452903]

>>25449980
>>25451670
vs
>>25451748

BTC Maxies don't even know their own holds

[Anonymous No.25452907]

>>25444073
Can they extend the date again?

[Anonymous No.25452922]

>>25452844
why would they sell if they want to exit scam?

[Anonymous No.25452944]

>>25452896
lol companies have bought for 10 times that just the past month

[Anonymous No.25452953]

>>25443768
Can someone explain what's going on like i'm 11?
All I know is that this coins value should be tied to the USD.

[Anonymous No.25452991]

>>25452896

No it won't.
21 billion in BTC wouldn't be for sale. Just 21M of Tether would disappear.
That would impact liquidity in the market, affecting transaction volumes, but not really the BTC price.

[Anonymous No.25453031]

Uhh yeah I got a question... is tether made by, or otherwise strongly linked to chinamen?

[Anonymous No.25453053]

>>25443768
Can i short tether?

[Anonymous No.25453091]

>168 posts
where did all you newfags come from that you discuss tether fud unironically

[Anonymous No.25453113]

>>25452896
I'm not disagreeing with you, the nigger thinks it would drop 3.5% LMAO

>>25452891
>I work in the finance industry
Your brain is so smooth, it's eerie. If 10 billion was market sold right now BTC would drop to 12K USD instantly and that's CONSERVATIVE. That's not accounting for stop losses and triggered sells. The entire market cap of BTC would drop by over 300 BILLION instantly. You are fucking retarded. That's with only 10 BILLION sold, in your eyes that's only 1.75% of Bitcoin's value which would drop the price only by a 1000$?. Do you realize how fucking dumb you are? I'm sure you don't because you're literally braindead. Marketcap is flawed, but somehow you don't understand marketcap at all.

[Anonymous No.25453131]

>>25452991
>but not really the BTC price.
60% of BTCs trading volume is in USDT. If the BTC pumps correlate to the printing of USDT that means BTC is full of hot air.
Confidence would be lost as volume dumps 60% overnight. BTC only runs on confidence as a "store of value"

[Anonymous No.25453149]

>>25444185
woah you mean to tell me that btc price rises with demand?! thanks mr buffett!

[Anonymous No.25453162]

>>25453113
the fact that you have to express your understanding of crypto on biz tells me you're fucking retarded

everyone in this thread unironically kill yourselves

[Anonymous No.25453178]

>>25445718
>this
this is only fucking thing that matters. btc is so fucking tiny in the grand scheme of things...we are so fucking early.

[Anonymous No.25453185]

>>25444073
No, the electoral college votes are counted on January 6th. Inauguration is the 21st.

[Anonymous No.25453230]

>>25453091
>>25453162
>t. pseudo-intellectual newfag who started browsing in 2020 thinking he's an old fag

blow your brains out

[Anonymous No.25453252]

>>25453230
sick projecting

[Anonymous No.25453266]

>>25453113

>If 10 billion was market sold right now BTC would drop to 12K USD instantly and that's CONSERVATIVE.
> The entire market cap of BTC would drop by over 300 BILLION instantly.

> 10 billion lost liquidity in USDT (NOT 10 billion sold BTC)
> 300 billion lost marketcap in BTC

Can you figure out where your logic is flawed?
Fucking newfag.

[Anonymous No.25453395]

>>25453131
Exchanges would get hurt the most if that happened as they hold a lot of tether for arbitrage and Mming, wont happen even if it did Usdc volume increases, ultimately picking up the slack as more is printed to meet demand, would no doubt cause a shock to the market but as much “the end” as when bitmex got cuckd. Shit gets priced in quick in a 24/7 market full of Insiders

[Anonymous No.25453423]

>>25453266
>Backstepping
My god you're so stupid

[Anonymous No.25453433]

>>25453113
By the retards logic tether know they’re in trouble, have known for years, yet they’re gonna wait to the last day to get arrested to Then market dump all this billions in btc they apparently hold. See how stupid you guys sound?

[Anonymous No.25453481]

>>25453395
You're ignoring the confidence angle.
You saw what the SEC headline did to the price of XRP? That's over 1.3 billion.
The USDT trial is 1.4 trillion. That's more than 1000x what the fuck will that headline do?

[Anonymous No.25453526]

>>25453423

> My god you're so stupid

You're smart, right?
Go ahead, short Bitcoin as Tether will crash it.

[Anonymous No.25453531]

>>25453481
rip /biz/ a new asshole

[Anonymous No.25453605]

>>25446262
I thought it worked as the following:

- Print USDT backed by USD
- Buy BTC, pump price
- Sell BTC for USDT
- Sell USDT to USD

But in reality:

- Print USDT with no backing or reserve; USDT remains stable at $0.99-$1.01
- Buy BTC with USDT
- Pump BTC Price
- Acquire more USDT with the Pump; Sell BTC for USDT
- Sell USDT for USD.

Magic money creation complete - like how the Fed does it.

[Anonymous No.25453641]

>>25453481
I’ve been in crypto since 2014 and I’ve seen tether get hit multiple times, I’ve seen the peg drop to 70-80c once they had bank accounts frozen by the feds, I’ve seen them come clean to having 7-800ml seized and I’ve seen them and Bitfinex come back and honour every single usdt printed for usd, the idiot thinks this is about tether pumping the market, the big brain knows this is about the us wanting tethers bank accounts to go through the records to chase billions in taxes and ongoing taxes and to chase down no doubt interesting characters m that use usdt. Tether is one of the last around with big nuts, same as Bitfinex, they don’t comply with tax authorities meaning they don’t give their customers trades or info up. It’s about shekels and control, has nothing to do with “printing tether” it’s just a tactic to push them into giving their users up, if the us pushes too hard we’ll just get a digital yuan pairing within 2 years which will be 100000x more Aggressive then tether, legal on Chinese exchanges and unstoppable so am I bothered, no I’ve seen it all before. Even if they’re successful to bring forward a case against tether it’ll take a long, long time . Unless your argument is tether is a security like Xrp kek

[Anonymous No.25453686]

>>25453526
I literally regurgitated your own logic at you and explained what would really happen. I'm spoon-feeding you at this point. Anon I... There's no hope for you. You're most likely a newfag that just started copying everything around you like an autistic child stepping onto the playground for the first time, but instead it's 4channel. I'll drop 140 iq points if I keep talking to you.

[Anonymous No.25453713]

They're not going to be able to exit...
Tether was the portal, not a linkage
Crypto is submerging.

[Anonymous No.25453730]

>>25453641
anon do u think this is the top?

[Anonymous No.25453766]

I'M NOT HOLDING ANY TETHER OR BITCOIN!
I'M ALL IN ON ALTS!!!!!!!!!!
THIS THREAD DOES NOT CONCERN ME BUT IM POSTING HERE ANYWAY!!!!!!!!!!!!!!!!!!

[Anonymous No.25453805]

>>25453730
of the macro? No, of the micro likely close, maybe 42-50k before 22-30k, no blowoff top yet, will Probly come after a 5-10k day. Still six figures eoy

[Anonymous No.25453844]

>>25443768
>>25443848
So Tether is literally the fed, but for Bitcoin/crypto. Tether isn't backed by dollars, just like fiat dollars aren't backed by anything except having to pay for taxes with them. It's a ponzi all the way down. Tether is just pumping Bitcoin price in coordination with elite machinations to prevent the masses from reverting to real money

[Anonymous No.25453918]

>>25453844
yeah, except tether isn't regulated by nothing and canrun with your money tomorrow

[Anonymous No.25453975]

Is DAI a safe place for my fundsu?

[Anonymous No.25454053]

>>25453844
I messed up the proportions of the BTC symbol here's better version. There's no denying this image either. >>25444869

[Anonymous No.25454071]

>>25451748
>That explanation helps address some of the criticisms of USDT
>explanation: its all, like, secret chinks man.
ARE YOUR WORRIES EASED NOW, ANON?

[Anonymous No.25454077]

>>25453844
I messed up the proportions of the BTC symbol here's better version. There's no denying this image either. >>25444185

[Anonymous No.25454106]

>>25453641
bingo Someone gets it binance will be a ccp shell brought back to chinkna they’ll have the yuan pair, Choyna will continue to acquire more of the hashrate. The yuan pairing will be the most desirable to use due to the firewall of Choyna, all the Grey market demand will go to China

[Anonymous No.25454109]

>>25445382
It's not though. Do you not understand how the order book works? Eat through the buy side of the order book instantly = price sky rockets.

[Anonymous No.25454139]

>>25444185
Tether prints when the dxy goes down

>Tether = Institutions moving from usd to btc

Compare btc to dxy index and you will see.

[Anonymous No.25454177]

>>25444401
Do you even know what a market cap in btc is, my god hahah

[Anonymous No.25454178]

>>25450708
Not if you are trading , this is why tether ptinting is correlated with DXY index going down.
The institutions can bypass kyc & exchages with tether directly.

I am sure they pay tether eventually but swift is slow for this type of shit you can't wait a week for a transfer when the dxy went down and crypto market has not reacted.

[Anonymous No.25454531]

>>25444474
this

[Anonymous No.25455244]

>>25445630
>, they simply dont care.
Because no one is redeeming tether for USD. No one cares about using stablecoins to withdraw to USD. And if they do, any exchange will still apply a time limit on it just like they would for large withdraws. Either OTC or longer withdrawal to funds are made available.

[Anonymous No.25455374]

>>25443811
>>25443960
>>25444455
>>25445167
>>25446614
>>25449980
Anyone still buying BTC at these prices is a retard.

>>25453113
Based.

[Anonymous No.25455407]

>>25452451
>which is a currency based in politician's honesty,
adorable

[Anonymous No.25455457]

>>25444401
literally a retard

[Anonymous No.25455508]

>>25453766
You're an idiot if you think Eth + alts won't be affected by tether death

[Anonymous No.25455533]

if anyone need a source
https://www.forexcrunch.com/if-tether-falls-the-whole-cryptocurrency-market-could-go-down-with-it/

https://cryptobriefing.com/nyag-aims-to-extend-tether-and-bitfinex-injunctions/

[Anonymous No.25455569]

>>25455508
ETH IS ALSO A PIECE OF SHIT, I HOPE IT DIES IN A FIRE ALONG WITH BITCOIN AND TETHER.
FUCKING GAS FEES HIGHER THAN TRANSACTIONS MAN!
IT WAS CREATED BY A FUCKING RETARD THAT ALSO LOOKS LIKE A FUCKING RETARD!

[Anonymous No.25455633]

compare tether supply over time with other (audited, verified) stablecoin supplies over time. the charts all look the same

[Anonymous No.25455736]

>>25445375
fed moment

[Anonymous No.25455740]

>>25443768

A Tether crash has the potential to play out worse than the 1929 market crash. The network would grind to a crawl under that level of panic in the same way that ticker tapes couldn't update market lists faster than they were falling, causing everyone to sell at market.

[Anonymous No.25455771]

>>25455740
what can i say but based

FUCK TETHER

[Anonymous No.25455779]

>>25446664
>IYKYK
wtf does this stupid abbreviation even mean?

[Anonymous No.25455826]

>>25455779
i yearn kock yes kock

[Anonymous No.25455874]

>>25448942
How long can this take from that date on? Could it be months until Tether will get axed?

>>25455826
ok, thanks

[Anonymous No.25455901]

im worried about my positions in USDT in margin trading.

what if tether really collapses, maybe it'll drop to 0.1$/USDT or something like that?

[Anonymous No.25455923]

>>25453131
or maybe traders are the runners and tether is the signal gun

[Anonymous No.25455950]

This is what Marx called "withering away"...

Some VERY slick operations taking place this fortnight

[Anonymous No.25456167]

>>25455779
>he doesn't know

[Anonymous No.25456218]

>>25455740
USD will die first

[Anonymous No.25456285]

>>25448749
how is fiat valuable?

[Anonymous No.25456315]

>>25456285
its backed by countries with armies

[Anonymous No.25456485]

>>25446224
Considering this is being spammed everywhere and everybody and their mothers are planning on shorting it nothing will happend but a few chuds being liquidated

[Anonymous No.25456599]

>>25452451
If you think tether going tits up won't trigger the overdue correction you are mentally ill

[Anonymous No.25456638]

>>25453844
>>25453605
Amusingly, this is how fiat was started in the first place, as redemption notes on gold deposits issued by gold warehouses. People started trading the redemption notes as currency, and the bank warehouses realised that they could issue more of them than they had gold available, since they weren't being called in with regularity. Governments at the time went along with it because they could use it to fund wars.
Tether has become that, but with USD as the "gold". Only difference is that the government doesn't need them now to fund wars, they have their own side racket for that.
>>25456285
You get sent to jail to be assraped if you don't give the government a portion of your net worth in their currency.
At least here in Bürgerland, you can own and>>25456315
trade as many currencies as you want, but you have to pay your taxes in their worth denominated by Federal Reserve Notes.

[Anonymous No.25456824]

What is good alternative to tether? BUSD?

[Anonymous No.25456849]

>>25456824
fartless beans

[Anonymous No.25456930]

>>25456824
Unironicaly, fiat.

[Anonymous No.25456970]

>>25447383
>worth 5m
>needs to come to bitcoins aid on an anonymous whenever someone posts FUD
Nice cope

[Anonymous No.25457043]

>>25456285
It can be used to buy goods, therefore has value. Bitcoin cannot feasibly be used as a currency.

[Anonymous No.25457097]

>>25455779
If you know you know. Unfortunately you do not know.

[Anonymous No.25457122]

[Anonymous No.25457205]

Tether wasn't the fiat of crypto, because it actually had a large base. Tether was fiat's foothold in crypto

[Anonymous No.25457272]

[Anonymous No.25457424]

>>25456824
USDC is audited. HUSD is new but they're good too, otherwise DAI.

[Anonymous No.25457594]

>>25447432
>the hill
THEY indeed.

[Anonymous No.25457627]

>>25456824
Fiat
USDC
BUSD
PAX
DAI
RSV
in that order

[Anonymous No.25457766]

>>25457627
nevermind not RSV

[Anonymous No.25457836]

>>25447624
You can at least hold a Pokemon card in your hands.

[Anonymous No.25457905]

>>25457836

[Anonymous No.25458319]

>>25455740
A tether crash would force anyone sitting on tether to desperately buy WHATEVER. BTC would suuuuurge, a large amount of alts would suuuuUUUUUUUURRRRRGGEEEEEEE
ZERRRRGGGG
IMMA FIRIN MA LAZER!

[Anonymous No.25458371]

everyone in crypto understands that USDT is going to collapse the whole market. I refuse to believe anyone who has looked into it genuinely doesn't understand that that's the case. The game we are playing is make enough money to exit before it collapses. Don't expect any serious discussion, we're trying to get the money and run and so should you, stop bringing it up. We know.

[Anonymous No.25458494]

>>25458319
>he thinks exchanges will still be accepting this shit when it goes tits up
Exchanges will be first to the exits. Tether holders will become Holders of The Eternal Immovable Tether.

[Anonymous No.25458567]

>>25458319
Tether dying is the equivalent of a rug pull for btc. 80% trades are done on that pair. There's not enough liquidity in fiat pairs

[Anonymous No.25458617]

>>25452678
imagine the subtle scent

[Anonymous No.25458863]

>>25444185
Wow. So who is behind Tether? Are they heavily invested in Bitcoin? Or why are they doing this?

[Anonymous No.25459478]

Is TUSD safe, friends?

[Anonymous No.25459498]

>>25446975
If fiat has no value but Bitcoin does, how come I can buy bitcoin with fiat?

[Anonymous No.25459574]

Tether is solid until the 15th at least

[Anonymous No.25459598]

>>25447220
If institutions were worried about Jan 15, they wouldn't be buying now.

[Anonymous No.25459666]

>>25459498
This.
I love how quick crypto retards are to tell you how fiat is worthless, while at the same time obsessing over the BTC price in USD.
It's almost like it's in their interest that you use your fiat to support the price of their Chuck E. Cheese tolkens...

[Anonymous No.25459676]

More like nocoiner cope in progress lmao

COPE

[Anonymous No.25459772]

BTC is in an inflation release valve for trad finance. tether printing is the metric that illustrates this best.

[Anonymous No.25459812]

>>25459666
based trips. newfags do not understand this.

[Anonymous No.25459897]

>>25459812
The great reset

[Anonymous No.25460424]

>>25458863
Pedophiles and scam artists.

[Anonymous No.25460432]

>>25446332
Jack Dorsey

[Anonymous No.25460557]

I missed the defi boat and only just learned about it and makerdao, is "tethering" into DAI as a stablecoin instead of USDT ok?

[Anonymous No.25460838]

Reminder that banks would not care about a 80% loss if it's still going to be 1 BTC = 1 Million in 5 years. In those long hold terms, a movement from 35 to 10k is literally a fucking blip on the radar. To them it's about acquiring as much market control as possible. When 1% of your cash is billions, you simply do not give a shit when your goal is to control a market. You can't keep looking at Bitcoin from a retail perspective.

[Anonymous No.25460877]

>>25459812
Whenever I see a dollar bill now I tell myself "ah 80 cents"

[Anonymous No.25460948]

>>25443768
So what you're saying is borrow USDT on DeFi loan platforms like AAVE and buy other assets with it and just want for USDT to be = $0 for free crypto? Absolutely based

[Anonymous No.25461100]

>>25459812
Post 2018. Oh wait, fuck all happened despite USD tanking but it doesn't fit your retarded narrative, faggot.