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25896159 No.25896159 [Reply] [Original]

Hear me out, the market is stabilized at the moment cause everyone is waiting for the dump of the 15th, after that everyone will buy and we'll reach 50k

>> No.25896186

>>25896159
never seen such a forced meme like the 15th

>> No.25896232

you are probably right and i have 40,000 leafbucks primed for this exact situation.

HOWEVER

The 20th (Biden inauguration) will also be a big day of market FUD

>> No.25896242

its forming a head and shoulder pattern tho

>> No.25897346

>>25896186
Especially because even if you accept the tether fud, there are two main factors
1) there's nothing special about the date of the 15th. It's just when paperwork is due. Bitfinex has already submitted all their paperwork starting a long time ago. It's not like the courts are going to make a ruling on that date. The case is going to continue for a very long time after that
2) the case is about market minipulation vis-a-vis bitfinex selectively printing USDT at specific times to influence the market. It's not about whether USDT is backed. NYAG has already said she is not going after tether on the basis of backing and not trying to crash the crypto market with no survivors.

I'm not saying tether doesn't stink. It's clearly some shady fucking shit. But this "MUH BLACK SWAN JANUARY 15TH" shit is fucking retarded.

>> No.25897536

>>25897346
I agree the 15th stuff is stupid and nothing special will happen on that date, but tether is clearly fucking fake as fuck and they're just printing it without any backing.

https://twitter.com/ExkrementKoin/status/1348815781975494656

Thread shows that Deltec is a LOCAL bank and all of the local banks in the bahamas put together have about 20% of USDT outstanding worth. Most of that money is obviously not tether's, so in reality tether is probably like 5% cash-backed. The rest? My guess is that they are giving exchanges tether as a loan and IOUs. They're gonna crash the market eventually.

>> No.25897598

>>25897536
I agree with you there. Like I said, tether is some shady shit. But to think the 15th is the day the tether ponzi collapses is just silly. It's like saying Tax Day, April 15th, is the day I get hauled off to jail by the IRS.

>> No.25897604

>>25896159
Haha the 15th you stupid cuck... It's a meme and you sir are a moron