/biz/ - Business & Finance

[Anonymous No.26007841]

>0.96
ITS HAPPENING

[Anonymous No.26007862]

>0.996

[Anonymous No.26007886]

stop bypassing my filters you faggots

[Anonymous No.26007909]

>>26007841
https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3

This is the most important article today

[Anonymous No.26008016]

>>26007909
thanks anon fren!

[Anonymous No.26008183]

>>26007909
Based

[Anonymous No.26008349]

>>26007909
Sold early. Fuds tether in 2021

[Anonymous No.26008454]

>>26007909
>Me: *Gasps audibly*
this guy's a total cuck

[Anonymous No.26008490]

>>26007909
>silicon valley faggot comes in late, has enough money to be forever wealthy, makes even more money, then gives lessons after he dumped
if there even is an argument against capitalism this is it
feels like a rehash of 2017 when NYC finance faggots jumped on bitcoin in november and dumped in january
capital unironically fucks up everything. crypto would work if it were just normal people, but faggots can throw $500k, get a x3 or x4 and dump right away
then the same shitheads argue "we need to tax the working middle class more to fund poor people" after they literally ran with the lifesavings of thousands of poorer people

[Anonymous No.26008508]

>>26008454
he sounds like a redditor but may be right
his arguments are convincing

[Anonymous No.26008541]

>>26008508
>his arguments are convincing
no they really are not
it's literally just hand waving faggotry crafted in the same style as any bullshit msm piece about crypto where anyone can cherry pick facts and construct whatever narrative they want

[Anonymous No.26008557]

>>26007841
It’s not like they haven’t been warned

[Anonymous No.26008599]

>>26008508
>his arguments are convincing
Dude he literally fell for a shitty fud infograph from 4chan and didn't do any research of his own. His argument is basically just "I read this online so it must be true."

[Anonymous No.26008615]

>>26007909
It's over

[Anonymous No.26008640]

>>26007909
>70% of btc volume is usdt OMG
this guy doesn't AT ALL understand why people use tether, or that with it gone, they'd settle for whatever else there is

[Anonymous No.26008935]

>>26008541
they literally are.
if Tether was backed to any great extent, these reserves would be visible. You really cannot hide $20-odd billion that easily. Where then is this cash reserve mountain? It isn't. And if Tether are claiming, the entirety of their reserves are BTC, IOUs and similar assorted shit, then, their 'backing' amounts to (at best) a pile of chips on the same roulette table as everyone else. All JUST waiting on that inevitable 0 dropping.

[Anonymous No.26008963]

just sold all my crypto
bye frens

[Anonymous No.26009054]

>>26007841
time to buy cheap tether

[Anonymous No.26009090]

I rather sell my btc for tether and wait for the crash than sell btc for dollars and have the government know

[Anonymous No.26009118]

>>26007841
I like putting penis in my butt lol

[Anonymous No.26009151]

>>26007909
the whole article reeks of the writer's covert narcissism. the beta simp does make some good points though, even if it was unbearable to read.

[Anonymous No.26009281]

>>26007841
Bullish for Glitch.

[Anonymous No.26009373]

>>26007841
I am poised to make money shorting tether.
This is a nothing burger.

[Anonymous No.26009457]

>>26007909
What a massive faggot, says he bought in march when BTC was rock botton (and at the time said he wasn´t even aware tether still existed, how oblivious can´t this cunt be ? i´m surprised he was able to create an account in the first place) , and "sold all" in January 9th, the absolute top, after further analyses on Tether.

[Anonymous No.26009484]

So this is fractional reserve crypto. Exactly what banks do for years. Who cares

[Anonymous No.26009486]

>>26007841
no cheap corns for you

[Anonymous No.26009517]

>>26009484
Shut up you Chinese piece of shit. Just because we've already got one financial dick up our asses doesn't mean there is room for a second one.

[Anonymous No.26009563]

>>26009457
he said he knew but thought that it wasnt a problem anymore.
but yea buying the exact bottom and selling the exact top all the while being a retard reeks of lies and bullshit

[Anonymous No.26009668]

Not even slightly worried. The quants I talk to have told me the tether fud has no basis. It's all just crypto twitter nonsense.

[Anonymous No.26009694]

>>26009090
there are other usd stablecoins you know

[Anonymous No.26009797]

>>26007841
lol awesome. will definitely get some then reup on DIA when it goes back

[Anonymous No.26009863]

it's at 1 dollar now faggot. this sometimes happen anyways

[Anonymous No.26009983]

>>26009457
He is LITERALLY the big short movie autist!!!!

[Anonymous No.26010060]

>>26009484
Banks are audited

[Anonymous No.26010329]

>>26008935
>You really cannot hide $20-odd billion that easily
that would be a slow week for the latin american cartels, and thats the most hunted money on the planet
escobar was worth 30 bil back in the day
total yearly traffic through mexico is estimated at around 500 bil
numbers may vary on source, but that the flow is huge is beyond doubt

so yeah tether hiding a measly 20 bil of mostly legit money being fueled by the gambling of most of asia, totally believable would not even show up in the yearly money flows

[Anonymous No.26010538]

0.01 Soon

[Anonymous No.26010565]

>>26007841
literally $1

[Anonymous No.26010672]

>>26010329
>ITT we now compare Tether to colombian drug cartels
did you ever watch Narcos, or even Breaking Bad? The problemo numero uno, was, as always, Money Laundering. And where to stash it all meantime. From Pablos buried hordes of decomposing banknotes, to Pic Related. Money Laundering was not, contrary to your suggestion, an easy business at all, back then. And it hasn't gotten any easier since.
NOW, if, as said, Tether actually do have a relationship with a reputable bank (Protip: Deltec isn't) - why then, I am sure they'll be pleased as fucking dandy to tell us all about it. One fucking bank that would admit to having Jack to do with these scoundrels, can you name them? Go on, JUST one? No? Funny that. Isn't it.

[Anonymous No.26010679]

>>26007841
can someone screenshot this

on January 15, 2021

I have discovered "FOMO-Sapiens" they are a dimwitted species generally poor

[Anonymous No.26010717]

piece of shit has been crabbing around $1 forever

[Anonymous No.26010774]

>>26010672
using fictional tv series to make a point
back is where you have to go

your original statement was you can't hide 20 bil, known large and hunted criminal enterprises do routinely more than this thus rendering your point worthless
also its china the concept of a reputable bank doesn't exist there

[Anonymous No.26010798]

>>26010060
Audited by a mafia.

[Anonymous No.26010883]

>>26010679
Bear trap.
We're just getting started.
BTC 100k+ EOY

[Anonymous No.26010895]

>>26007841
>>26010679
This can be screenshotted now btw.

[Anonymous No.26010912]

>>26010774
Narcos is based on fact.
and Breaking Bad was fairly factual as tings go.
More factual than the shit that comes out of some companies I could name, at any rate.
SO, tell me. With which financial institutions does Tether actually maintain banking facilities these days? Because when it is only Deltec? as noted, they have a bit of a credibility gap going here. A twenty-fucking-billion-dollar credibility gap, to be more exact.

[Anonymous No.26010923]

>yfw it actually pumps to 1.10

[Anonymous No.26011178]

>>26010895 >>26010679
So short term its a crash but long term its a bear trap?

[Anonymous No.26011471]

>>26010717
kek

[Anonymous No.26011505]

>>26010912
If you're unironically defending using the plots from TV series as arguments, then you're truly deluded and need to take a hard look at yourself.

[Anonymous No.26012062]

the only mistake the Tether guys have made was not being jews. jews have been manipulating unbacked currencies for centuries, and no one bats an eye. but as soon as their big noses smell the goyim using their trademarked jew tricks, it's lawsuits, massive fud propaganda, and literally another hollow cost. I wonder how many of these filthy jews have short positions on BTC to be pulling this amount of retarded fud

[Anonymous No.26012074]

>>26011505
look, fuck off.
that other idiot started with 'huh, Colombian drug cartels can do it, Tether must be able to..'. And specifically named Escobar. And, contrary to his pish, anyone who knew the first thing about it, or had even watched Narcos, a factual representation of The Life of Pablo, where to put the cash was a problem. A Big fucking problem. And the Breaking Bad example, while fictional, was used as demonstrating exactly the same problem, in an example people might be more familiar with. Now, if you don't want to back up your examples? Don't fucking use them in the first place. We could, of course, just stick to discussing the financial FACTS of exactly to what extent Tether is still USD backed, and which banks they use? Go on then, do tell. I'll maybe watch a film or series while I'm waiting tho, save me wasting my time on bullshit that really is fictional.

[Anonymous No.26012125]

>>26010672
>a reputable bank
>reputable
>bank
this is how I know you're a jew

[Anonymous No.26012171]

>>26012125
OY VEY
DIE GOYIM WEISS

[Anonymous No.26012275]

can't wait for the exit pump. tether happening need to happen for btc 1 million usd each.

[Anonymous No.26013208]

>>26012074
>anyone who knew the first thing about it
oh i didn't realise, your highness, we were in the presence of narco nobility
so you were high up in the columbian cartels back 30 years ago to make these statements with such certainty
that you are still alive and posting on the interwebs must mean you cut a deal with the dea for witness protection then, please regale us with the stories of your well adventurous life

or again is your whole argument dude i watched narcos i iz export noaw
hiding 20 bil is nothing, the cartels have been operating for 30 years and are more powerful then ever
as to tether you want reputable banks like i dunno deutsche bank that has numerous convictions for money laundering or goldman who fucked over an entire asian country
tether doesn't need a western bank you idiot, tethers whole reason of existence is that the us uses the usd and swift as a weapon and kicks of people from its use
so tether found away around it, its counter balance sheet is the yearly trade surplus of the chicom state and there will never be a document sent to the nyag to confirm or deny its true operations

[Anonymous No.26014052]

>>26013208
>there will never be a document sent to the nyag to confirm or deny its true operations
Well, quite. I'm sure the New York Attorney General's Office will be pleased to note Tethers unwillingness to co-operate. And act accordingly.

[Anonymous No.26014312]

>>26007909
>https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3
didn't read, not selling. But this nocoiner noob is going to get liquidated in the next couple of days if he's shorting as the title of that link implies.

[Anonymous No.26014588]

>>26010672
speaking of money laundering
https://cointelegraph.com/news/brazil-tethers-new-banking-partner-deltec-suspected-of-accepting-laundered-funds

"funny business"

[Anonymous No.26015190]

>>26014588
lol
>Announcing its partnership with the Bahamas-based bank last week, Tether stated that it had passed Deltec’s due diligence processing.
>In other news, this week Brazillian law enforcement asked local authorities to help with investigations into Deltecs involvement in a money laundering scandal characterized by the U.S. government as “the largest foreign bribery case in history.”

THE HITS JUST KEEP ON COMING

[Anonymous No.26015843]

>>26015190
>2018
Why don't you know about this since 2018? Are you really all newfags just entering the market but demanding everyone who has been through this 20 times before listens to your inane opinions based on nothing?

[Anonymous No.26016086]

>>26015843
Tether Inc.
Proud Partners of Bahamas Biggest Money Launders, since 2108
>Tether. Just Like A Bank Really™
Fuck me, you cunts really are a carcrash.
I'm always surprised how long people actually get away with shit as utterly fucking blatant as this.

[Anonymous No.26016152]

>>26015190
Bahamas. ... due diligence. ....BAHAMAMOMA

[Anonymous No.26016242]

>>26014052
and taking note is everything the nyag can do
in your own words what can the ny court do to compel or sanction a chicom business

[Anonymous No.26016306]

>>26007909
How are people taking a guy this clueless seriously?

[Anonymous No.26016388]

>>26016086
>I'm always surprised how long people actually get away with shit as utterly fucking blatant as this.
I'm always surprised how the dumbest most ill informed plebs always talk shit as if they have the slightest clue about anything.
How do you know so much about tether from working the fries at McDonalds? Could it be really that you're just mindlessly repeating some shit you saw posted on social media?

[Anonymous No.26016475]

>>26016242
well, I suggest you familiarize yourself with The Martin Act, for a start. Then, as you would seem to be suggesting, Tether employees can all hide in China for the sad remainder of their natural. I'm sure Jack Ma will be glad of the company.
>>26016388
this here is an adult discussion, Sir.
I'll kindly thank you to act like one.

[Anonymous No.26016597]

>>26016475
Kys retard or as they said in Batman: revenge of the Avengers 2: "kys retard".

[Anonymous No.26016755]

>>26007909
This article actually convinced me that Tether FUDers are all uninformed tards lol.
This is what the FUDers share as peak golden fighter article but it's literally a retard who has no idea what he's talking about and learned about Tether like a week ago

[Anonymous No.26017899]

>>26014052
what are they gonna do? prevent a company based in Hong Kong to operate in American exchanges? Coinbase etc already banned them. this is what I don't get. what can american institutions possibly do except seething for no longer being the only player to issue US Dollars out of their ass?

[Anonymous No.26018074]

>>26016475
>The Martin Act
namedropping burger legalese doesn't give this one bit of standing in international disputes
the most they can do is ban the use of tether in the usa, like it mostly already is

international trade disputes have to go through ADR and i don't think i have to explain that china doesn't give a fuck about that and doesn't extradiate its citizens
even between western nations ADR moves at a glacial speed and china has been scamming around trade rules ever since it was allowed in the wto

please stop posting now you are only embarrassing yourself further