/biz/ - Business & Finance

[Anonymous No.25585437]

PSA
Tether has 10 days to provide documentation to the SEC proving that they have not been minting billions of tokens out of thin air.
...
They have.

Crypto is about to see mass adoption, but first, to exist in a regulated environment, Tether must go.
This will cause a massive crypto apocalypse, where all gains across the board (except for a lucky few) will be wiped out.
Normies who fomo'd late will be obliterated, and you'll be right there with them.
Meanwhile, the true and final redistribution of wealth will be occuring.
Massive swathes of alts and Bitcoin will be bought up by big institutional investors, and normies, financially culled, will only be given the opportunity to pick up scraps at extremely high prices.
Be ready. Knowledge is power.

[Anonymous No.25585474]

>>25585437
how low will we go

[Anonymous No.25585495]

>>25585474
low enough to buy back in

[Anonymous No.25585535]

>>25585474
Tether is responsible for almost 80% of crypto's trading volume.
You will be obliterated if you aren't ready.

[Anonymous No.25585551]

>>25585437
The tether fud is justifiable, however Jan 15th wont be about tether creating money out of thin air, but rather shady loans they did with finex. So a nothingburguer

[Anonymous No.25585567]

>>25585437
Bogs loading the Tether FUD
Circa. 2021

[Anonymous No.25585573]

>>25585437
Only Mt Gox can dump that low at this point.

[Anonymous No.25585601]

not one person has ever explained how a tether rugpull wouldnt result in a mass exodus to btc

[Anonymous No.25585603]

Have any of you cocksuckers actually read the lawsuit?

This is about Bitfinex using Tether like a personal bank account.

The lawsuit all but confirms that Tether is fully liquid and has the funds to back up its token.

The question is whether they have been illegally giving Bitfinex cash from those vaults.

Stop being fucking stupid and read for a second holy shit

[Anonymous No.25585612]

There’s never going to be a mass-adoption of crypro. Tether is the final nail in the coffin of the entire industry.

[Anonymous No.25585699]

>>25585603
Right, but if no documentation is shown that proves Tether has 20 fucking billion USD in reserves, then its concluded that they mint out of thin air.
Then they catch the suit.

[Anonymous No.25585707]

>>25585612
Tether FUD is gay and you should stop doing it.

[Anonymous No.25585761]

Tether has something to do with all this money coming into crypto? There seems to be so much coming in.

People will say tether is only 22billion dollars so how can it pump bitcoin? Trading volume is all over the place. CMC is inflated.

There's insider events going on that we aren't in on. If USDT collapses, so does a lot of exchanges.

[Anonymous No.25585804]

>>25585761
This bullrun was manufactured since the very beginning.
This will be a shakeout of epic proportions. Welcome to 2021.

[Anonymous No.25585849]

>>25585804
I agree. They dont have the money to back it up. They print it and burn it when they want to.

[Anonymous No.25585883]

>>25585601
leveraged positions are in USDT. Exchanges would go under and halt withdrawals. It would just be a liquidity crisis in crypto. Remember that bitcoin's market cap is just the last price paid it can drop quite a bit if there are no bids. The tether operators would probably be dumping their tainted BTC too

[Anonymous No.25585886]

[Anonymous No.25586001]

>>25585437
The Tether fudsters HAVE NO idea whats actually happening.

The SEC IS NOT investigating Tether, they are not asking them for any documents. The NEW YORK AG is investigating Tether due to the loan Tether gave Bitfinex which Bitfinex repaid with their IEO.

STOP LISTENING TO TETHER FUDDERS. THEY WANT YOU TO SELL YOUR BITCOIN TO WHALES. IT IS A MISINFORMATION CAMPAIGN. The NYAG lawsuit HAS NOTHING TO DO WITH WETHER TETHER IS BACKED OR NOT. NOR DOES IT SUGGEST TETHER IS UNBACKED.

[Anonymous No.25586200]

>>25585886
>>25585849
You tardfags are aware that this is also how the USD itself works right? So why wouldn’t a coin reflecting that not reflect that? Holy shit /biz/ you really need some omega 3s or brain trainers to get those neurons active beyond the constant cooming.

[Anonymous No.25586302]

You have to be over 18 to post here

Have sex

[Anonymous No.25586387]

>>25586001

>They want you to sell your Bitcoin to whales

Take your meds, schitzo

Even if you're right about this (you aren't) the Tether they are minting is not backed by USD and will still lead to an eventual collapse.

[Anonymous No.25586471]

>>25586001
Could give a fuck about Bitcoin. Bitcoin core destroyed it as p2p cash. Blockstream and Adam Back are full of shit. WNo one is using crypto the way it was intended.

Buy tokens----trade for other tokens---buy more tokens----trade for more tokens.

Do you even look into what each token netwok does or is all about? I bet you don't. You buy what Twitter and Telegram groups tell youto buy because they pump and dump when they feel like it because crypto isn't regulated.

[Anonymous No.25586504]

>>25585437
Is this limited to Tether or Dai as well?

[Anonymous No.25586582]

Pic related
Next step, US Gov deems stablecoins securities
Tether goes under audit (happening on the 15th)
US laughs and says absolutely not, get fucked
Rip everyone

[Anonymous No.25586629]

>>25585437
if you can't see that this is a coordinated move to fuck over USDT to pave the way for USDC, then you are dumb.

if Tether is backed 1:1 why won't they submit to an official audit? because that's what's required for them to be traded under the new stablecoin regulations.

[Anonymous No.25586698]

>>25586387
The tether being minted is backed by cash and cash equivalents. It is not all USD, it doesn’t have to be. Its not going to collapse.

>>25586471
You couldn’t be more wrong. My portfolio is 94% BTC and i’ve held for six years. You are projecting your shitcoin gambling onto me. BCH is a total shitcoin. Bitcoin is the world standard reserve asset.

[Anonymous No.25586839]

Alright bizbros, i have exactly 100K to go 60/40 on BTC and ETH. Strictly to hodl until the end of time.
What would anon do? Just dump it all right now when we're at ATH, or DCA like 2000 a day for 2 months and hope for a better median entry?
I'm aware no one knows for sure, just trying to tap some crowd wisdom.
15 jan has me a bit worried with dropping a lump sum, but i'm also aware it could be a nothing burger and we could go to 50k in no time.
I hold 2.5 BTC and 18 ETH so i'm pretty comfy already (bought when btc was 8k). Just want to maximise my exposure with the next 10-20 years in mind.
Please don't shill shitcoins, got burned enough already.
So, what would anon do with 100k?
Thanks, i love you.

[Anonymous No.25587074]

>>25586839
i would dca like you said if i were you. but thats just my opinion

[Anonymous No.25587204]

Will my linkies be ok

[Anonymous No.25587295]

>>25586698

There is a big difference between cash and cash equivalence

[Anonymous No.25587371]

>>25587295
Not that big. Its liquid capital which is easily convertible into cash.

[Anonymous No.25587445]

>>25587371
They are buying bitcoin and holding it in their reserves and claiming it as a Cash Equivalent. You don't see a problem with this Anon?

[Anonymous No.25587918]

>>25587074
Thanks for the input fren

[Anonymous No.25587968]

>>25587445
Crazy how these people dont see the problem lol

[Anonymous No.25588080]

>>25585437
For everyone still on "muh tether fud":
https://www.courtlistener.com/recap/gov.uscourts.nysd.524076/gov.uscourts.nysd.524076.154.0.pdf

[Anonymous No.25588174]

>>25585551
No. You shouldn't rely on retarded crypto newspapers as your sole source of information. This is the plaintiff's letter they have to answer:
>>25588080
It's about concrete btc price manipulation, debasing of tether by basically printing it simply without having reserves (plaintiff assumes the mechanism was that they didn't burn tether when customers withdrew and "re-used it basically) + a range of other accusations.
I didn't believe it first, then gave this a read. It's a fucking RICO legal action.

[Anonymous No.25588211]

>>25587445
Its not an end of crypto/bitcoin problem.

[Anonymous No.25588248]

>>25586839
Wait a month or so. Buying pressure will evaporate. Right now all the usdt reserves in china russia and iran move into btc because of the "problems" tether has and to avoid being in it when shtf. Btc will drop like a rock when tether is finally down.

[Anonymous No.25588365]

>>25585551
People say this to cope, but i've read the document - it's directly correlated to artificially propping up the markets. excerpt related for you.
still, i think selling btc anticipating the market going down is just as foolish as buying right now.
the only winning move is not to play. actually, xmr/btc is looking like a fucking steal too. but I will dca into that slowly.

[Anonymous No.25588404]

>>25588248

All you priced out tether fudding fags are pathetic. You had 12 years.

[Anonymous No.25588439]

hheeheeheee

AUDT soon

[Anonymous No.25588470]

>>25588404
Can you read?

[Anonymous No.25588485]

>>25588365
You do realize they could be “propping up markets” with legitimate money? People do like to buy dips, it is not absurd that Tether issuances go hand in hand with rising Bitcoin prices that is how it would work even if everything was above board. People use tether to buy Bitcoin, it isn’t a conspiracy

[Anonymous No.25588506]

>>25588365
good post

[Anonymous No.25588508]

>>25585474
Should I save up my fiat or keep dca in?

[Anonymous No.25588512]

>>25588485
I think it's more about can they show an audit. Is it crazy to think that (((USDC))) is the coin that (((they))) want and not USDT?

[Anonymous No.25588533]

>>25588485
Then lets hope you are right, staying out of the market until this is proven true or untrue is the smartest play. If its not true you'll only be out of the market for a accouple months, If it is true then you just saved yourself a lot of money by getting out.

[Anonymous No.25588549]

What's the best option to avoid getting raped by this? Will other stable coins be safe?

[Anonymous No.25588556]

>>25588365
The plaintiff's letter they have to respond right now is actually quite a masterpiece, the attorney has guys with excellent crypto knowledge. They describe eg how usdt is transferred to three major exchanges by a small list of addresses and used for creating price floors and creating "round numbers" to make market participants believe a certain performance.

[Anonymous No.25588592]

>>25588549
with the new STABLE act coming in place these other stable coins will need to become a legal bank. Lets see how that plays out. I think the smartest play is to stay out of crypto for a little bit. Start stacking USD to buy the next dip.

[Anonymous No.25588606]

Fuck OP. Never selling.

[Anonymous No.25588671]

>>25585603
Finally someone here who isn't retarded

[Anonymous No.25588690]

I would honestly just buy the shit out of it if there was a tether crash, which is not going to happen anyways

[Anonymous No.25588764]

>>25588485
Read the plaintiff's letter. They reconstructed it in a very detailed way showing the movements of single addresses. They show doubtlessly that tether was backed maximum with a small fraction and that prices were indeed manipulated. As is said, i first realized this after reading the letter. Before i thought this is again some unspecific stuff. But this is astonishing evidence. Use it for making up your mind yourself.

[Anonymous No.25588817]

>>25588556

Unironically bogged

[Anonymous No.25588861]

>>25585603
>>25588671
Simply not true. Just read the official accusations. It's a RICO legal action involving all what was said: Price manipulation, creating tether out of thin air and unavailable customer reserves. Don't rely on stupid crypo websites only you retards.

[Anonymous No.25588883]

>>25588549
Buy Idle and wait.
The entire market will come pouring into Idle, as its the #1 stablecoin yield aggregator, and is launching a USDC vault with Yearn in a few days.
It's almost too perfect. Billions of dollars will be flowing directly to Idle soon.
From there I'll be jumping into RLC and Algorand while they're on massive discount.
Super smart, I know. Best place in crypto, I know. Don't make me blush.

[Anonymous No.25588918]

>PSA
>Tether has 10 days to provide documentation to the SEC proving that they have not been minting billions of tokens out of thin air.
>...
>They have.
>Crypto is about to see mass adoption, but first, to exist in a regulated environment, Tether must go.
>This will cause a massive crypto apocalypse, where all gains across the board (except for a lucky few) will be wiped out.
>Normies who fomo'd late will be obliterated, and you'll be right there with them.
>Meanwhile, the true and final redistribution of wealth will be occuring.
>Massive swathes of alts and Bitcoin will be bought up by big institutional investors, and normies, financially culled, will only be given the opportunity to pick up scraps at extremely high prices.

[Anonymous No.25588936]

I like how pretty much all crypto space went from "fuck the man, destroy the fed and the banking system" to "please regulate me harder, daddy" as soon as there was a hint of actual profits to be gained.

[Anonymous No.25589002]

>>25588936
Regulations were invented originally for a reason. Having an unregulated market with massive amounts of money involved is ripe for manipulation. As we can see here.

[Anonymous No.25589095]

>>25588936
half of crypto is in it for it's original reasons, the other half know that it's only a question of when the regulations come and it's twisted for the 4th I revolution. Avoiding regulation was never an option in the first place, only a retard would think the government won't find some way to stick their hands in the jar

that being said your enslavement will be very bullish for my future investments, I hope you have a decent stack of the right tokens

[Anonymous No.25589138]

>>25585474
>Tether rejected
>Time to tether up
????

[Anonymous No.25589143]

>>25588918
???
It makes perfect sense, youre just too emotionally and mentally attached to your gains to see reality.
But there's a best of both worlds scenario.
Buy and stack Idle. Idle has a Yearn USDC vault that is complete, theyre just waiting to release it. Billions of dollars are going to be flowing into that vault soon. Fucking billions.
So not only will you make incredible profit, but everything else will be cheap as fuck.
This is my master plan, and its late at night so I dont mind telling some lucky souls.
But just some.
What's more is, Idle is also launching a smart treasury before the 15th which will act as a buyback machine using fees from the massive TVL.
This is not a drill dude.
Buy Idle.

[Anonymous No.25589332]

USA is not the world mutts.

[Anonymous No.25589349]

>>25588861
I have read the accusations, retard. How about you learn to read?

[Anonymous No.25589368]

>>25588485
you're forming an entire opinion about a multi-year unprecedented legal case based off of one screenshot.
please, look into it yourself. that's all i ask. good luck anon. we're all gonna make it.