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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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25800704 No.25800704 [Reply] [Original]

This anon summed it up perfectly.

>> No.25800932

>>25800704
tether doesn't exist to prop the price up, wash trading does that. tether exists so that profits can be parked after each bull cycle.

this is the reason it mints along the bullruns and not BEFORE them. nice little thread tho

>pls hodl while my bosses dump on you and pay me in bcashitcoins

>> No.25801036
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25801036

>>25800704
Tether ruined crypto by being yet more fuel for coping schizoboomers. Future helots outside the citadels says I.

>> No.25801189

We're fucked if the audit comes up with something stinky

>> No.25801250

It's not coming down no matter how hard you spam fud rajeet.
Stay priced out and go back to scamming people on the phone.

>> No.25801267

>>25800932
That was the idea. Tbh it doesn't surprise me at all that someone would eventually come up with an external bad actor scam like this.
In a way I'd be glad if tether get caught at this point and made an example of.

>> No.25801279

>>25800704
Crypto will survive long after Tether collapses

>> No.25801284

>>25801189
the last audit came up with tether's accounting firm quitting and disclaiming any responsibility for tether's books
it stinks to high hell but the world doesn't and shouldn't care

>> No.25801286
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25801286

>>25800704
How much are you paid to look after my financial wellbeing, rakesh?

>> No.25801309

>>25800704
Can someone ban this asshat that keeps posting the same shit?

>> No.25801332

oh the tether fud again, you had like 15 fucking years faggot

>> No.25801375

>>25801279
Good. So let it collapse then.

>> No.25801526

>>25801375
I never thought I could say this, but agreed. We need Tether out the door ASAP.

>> No.25801533

>>25801284
You don't care that they've effectively taken free bitcoin while you paid for yours?
Kys fr

>> No.25801898

>>25800704
>Tether FUD was an occasional nostalgic indulgence on /biz/ till a few days ago and now it's every other thread
>In time, it will evaporate like all the BSV spam did - overnight

>> No.25802065

>>25801533
So what would you do? dump their wallets that are hidden beyond hidden? who would it go to?

Whats the penalty for this blatant fraud?
Dissolution of BTC all together and movement to the next coin?

USDT touches everything in the crypto space, if this fud is real; which it looks like it is; we are looking at a decade long dip while DeFi puts the team on their collective backs.

>> No.25802175

>Btc market cap 697B
>tether market cap 24B

So the tether market cap is 3% of btc.

So 3% of the btc buying is fake, assuming 100% of tether is used to buy btc and 0% of tether is backed by anything. Is this really what everyone is worried over?