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/biz/ - Business & Finance


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29874076 No.29874076 [Reply] [Original]

Tether is backed by crypto and equities in crypto companies, confirmed!

>printed from thin air
>used to pump crypto assets
>increases value of equities in crypto exchanges
>everyone benefits!
>until crypto crashes again
>backed by nothing
>crypto exchanges drop in value
>backed by nothing which is backed by further nothings

SELL SELL SELL SELL SELL SELL SELL

>> No.29874174

>>29874076
>80 days from now
>NYAG drops by to verify the backing
>"So Finex dudes you found the $34billion to back your funny money tokens?"
>"Yes here it is."
> Empty suitcase full of handwritten IOUs, just like in Dumb and Dumber

>> No.29874219

>>29874076
>Tether's value is backed by crypto companies whose value is in turn backed by Tether
based and scam pilled

>> No.29874313

>>29874076
>this pajeet nigger thinks money exists
It's all fugazi, retard. A suitcase full of IOUs is x100 more collateral than what traditional finance has lmao, they probably don't even have a suitcase

>> No.29874396

>>29874313
This is the best defense you guys have? "Haha yeah it's completely made up and backed by noting but ackshually so is society"
Cool by your definition fraud is impossible

>> No.29874446

>>29874076
>breaking news
>email from 2020

>> No.29874577
File: 133 KB, 960x1442, tether.jpg [View same] [iqdb] [saucenao] [google]
29874577

Hey guys, like my beard?

>> No.29874637

Wasn't the meme date like 1 week ago? And then 2 weeks before that? And a week before that? And a month before that? etc

>> No.29874682

>>29874174
> Empty suitcase full of handwritten IOUs, just like in Dumb and Dumber
Based and admiralty law pilled.

>> No.29874683

>>29874446
Just leaked, right as they ramped up printing. Imagine how shitty their “reserves” are like now. This isn’t a crash, this is insiders cashing out before the crash... they know it’s over. At the end of the actual crash, btc shills like Pomp are going to be swinging from the rafters.

>> No.29874707

>>29874683
Do you have a foreskin?

>> No.29874712

>>29874396
>Cool by your definition fraud is impossible
Congratulations, you've become an adult. In the macro, only power rules, laws are only good for settling matters among the peasants, and to pacify the peasants so they accept their condition.
You think Jeff Bezos would ever go to jail for fraud? You're a retard lmao

>> No.29874791

>>29874577
Everytime I see him I have this uncontrollable urge to bully him. Something about him just screams "NERD"

>> No.29874835

>>29874683
At 35-40k, the TESLA board is going to dump their holdings before it drags their share price lower and kicks it out of the s&p500

At 30-35k, GBTC will be forced to liquidate some holdings: already their premium has turned negative for the first time since 2015.

At 25-30k, Saylor will be dumping 70,000 BTC on the open market and start turning heel on the crypto industry.

But sure, keep buying the dip, biztards, and hope muh stimulus check will save you. “Surely i am not the dumb bagholder, I’m gonna be dumping on niggers and hedge funds!!!!”

>> No.29874877

>>29874076
You post this 5 times a day since 2017. Honestly the saddest cope of all time.

>> No.29874905

>>29874396
zoom out. What the fuck is the value of anything? Keep zooming out. How much is the earth worth? all currency is fucking meaningless. Gold would serve the exact same purpose if it was invisible. The only thing that matters is food and clean water- the IOU's people create will come in all shapes and sizes once the food and water are sorted.

As long as the computer screen says people are buying X for Y price, so it is. Fagot

>> No.29874919
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29874919

>load ze tether fud

>> No.29874945

>>29874076
Sauce?

>> No.29874956

>>29874835
Down, then up.

Then down like you are describing.

>> No.29875042

>>29874877
Tether’s been getting bigger since 2017, and Stuart Hoegner has been kicking the can down the road as many times as he could. There’s a limit to how many times you can do that, which is why they wanted to do a Tupperware and shill enough legit money into the space to overcome its scammy origins. Unfortunately, TSLA tanking 15% after buying some BTC spooked off anyone else from joining in, and we’re on the edge of a rapid collapse.

>> No.29875068

>>29874683
doubt it also if they couldn't get their reserves in order on this monster bull then they don't deserve to exist.

>> No.29875124

>>29875042
I’m not even reading this but you should seriously consider being less of a fag.

>> No.29875153

>>29874956
then up by a lot it's only the question of when not if or where we go. you think $30k scares me when i held through $3k?

>> No.29875175

>>29875124
Suit yourself bud. Just know we’ll be here for you in a year when the price is sub 5k and you are a gibbering mess constantly muttering “fuck schiff fuck biz fuck paulo and fuck pomp”

>> No.29875255
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29875255

>>29874835
>Saylor will be dumping 70,000 BTC on the open market and start turning heel on the crypto industry.
fucking hilarious. i wonder if he's better at fudding than he is shilling.

>> No.29875274

>>29875153
>he held through $3k while the whole world laughed at him
>”i’ll show them!!!”
>price increases to $50k
>too emotionally invested to sell, buys more instead and gloats to all the doubters
>”fucking nocoiners hfsp hhahahhaha!!! AHHAHAHAH!!!!”
>price tanks back to 3k and the whole world laughs at him again
>never recovers
>dies a loser who didnt take profits and instead sank more money in

>> No.29875294
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29875294

Isn't this like the whole point of synthetix? It's techincally backed by ether. But it's heavily over collateralized, and the smart contract will liquidate and buy it back if the price ever jumps. Why would anyone buy tether?

>> No.29875535

>>29874076
>this fucking invitation to fraud is to *their bank*
I know an alcoholic accountant that will sign any old shit, Tether want me to pass on the number? He sometimes forgets to mention, he has been struck off. But in the absence of anything else resembling an audit, better than nothing, and hey, the Fed are always up to worse amiright? Yeah, like Fuck the Fed, Man. People should be allowed to claim their assets are worth whatever bullshit amount they fucking like. Based Tether. Sticking it to da man.

>> No.29875873

>>29874835
Square will probably sell sooner than Tesla too because their stock price has been getting KILLED lately.

>> No.29875910
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29875910

how fucking new are you?
>backed by equities
anyone with a brain knew exactly what this meant 4 fucking years ago, when they said it originally.
not news.

>> No.29876036

>>29875274
i have a clear exit plan and i will execute it to the letter. if it happens this year or the next or after i don't give a fuck.

your child is showing. so much frustration and anxiety...

>> No.29876072

>>29875910
>”hi I’d like to redeem 50 Tethers please.”
>”sure sir here you go, a 0.00001% stake in a shady unlisted exchange based in the Cayman Islands/Malta/Hong Kong/The Bahamas led by a smiling friendly chink. Enjoy!”
>”Wow thanks!”

>> No.29876122
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29876122

WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA WASSA

>> No.29876542

SAUCE?!

>> No.29876549

>>29874076
I'M GOING TO BE RICH

TETHER IS INFINITE

TETHER RESERVES ARE BITCOIN WHICH ARE VALUED IN TETHER

LITERAL INFINITE PUMP BITCOIN

no shit they don't have 38 billion but they have bitcoin as reserves and they control the price of bitcoin with tether

TOOOO THA MOOOOON

>> No.29876624
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29876624

>>29874076
You are trying too hard, try NYAG, other states, etc.

>> No.29876665

>>29876542
Deltec bank got “hacked” last week which everyone assumed was bullshit news
Then these emails started appearing today and nobody is denying them at all
Shit boutta hit the fan!

>> No.29876681

>>29876665
>posted on 4chan
>”nobody is denying them”
Anon..

>> No.29876740

>>29876549
We’ve known this though
Re: Bitfinex v Boies Schiller Flexner, Miami Florida

>> No.29876756

>>29876681
It’s literally all over Twitter, friend.

>> No.29876774

>>29874835
you don't undestand you stupid faggot
the reserves of tether are bitcoin
this is literally the most bullish thing you could ever hear
Imagine a stablecoin with a reserve in something that they control the price of it's an INFINITE PUMP

this is the most bullish thing I could ever hear for bitcoin. Literally It could be 300k next year because there are no limits.

>> No.29876923

>>29876774
if bitcoin goes up in price (and it should because brr more tether) tether's reserves are worth more so they can print more tethers and that drives up the price of bitcoin more.
Infinite positive feedback loop, INFINITE PUMP

I'm going to see if I can get a second mortgage on my house

>> No.29876945

>>29876756
Link?
>>29876774
1) We’ve known this since 2018. See:
>>29876740
2) Would be bullish if New York didn’t court order quarterly mint reports (audits)

>> No.29877133

>>29876756
you're an idiot. and all the chinks are stupid for dumping. if tether has reserves in bitcoin it is the most bullish thing possible.

>> No.29877422
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29877422

even idiots know this is no time to sell

>> No.29877476
File: 1.01 MB, 794x1060, Tether_Because_This_Party_Never_Stops.png [View same] [iqdb] [saucenao] [google]
29877476

>>29876774
>>29876923
https://www.youtube.com/watch?v=qM5W7Xn7FiA
This Brave New World of Finance needs more visionaries with your level of understanding Sir

>> No.29877768

>>29877476
stupid nocoiner fags are don't understand.
bitcoin is literally going to save the world.
HFSP

>> No.29877829

>>29875294
>snx
Kek solo pegged synthetics. Buy BAO retard

>> No.29878010
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29878010

>>29877829
wtf is bao and why is it better

>> No.29878696
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29878696

>>29877422
A very simple guide to being a tortoise:
1. Accumulate #LehmanBrothers shares
2. Each month have more shares than last month
3. Buy or earn more #LehmanBrothers shares
4. Buy a kettlebell and strengthen your bitch hands
5. Hodl hard like a legend
6. Don't do things that make you have less shares

>> No.29879059

>>29878696
There is no sub prime mortgage equivalent to crypto tho. There are plenty of other stablecoins if tether falls how would that crash the entire market?

>> No.29879064

>>29874313
IOUs aren't backed by the law.

>> No.29879112

>>29879059
Because a large interest in crypto is based of off perception.

>> No.29879161
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29879161

>>29879059
>There is no sub prime mortgage equivalent to crypto tho.
Tether is EXACTLY that you chucklefuck

>> No.29879261

>>29879059
there's no crash.
anyone who talks about there being a crash needs to get their head checked

all the nyag niggress has to do is to go on cnbc and explain to the whole world how bitcoin has an infinite pumping mechanism behind it where tether has reserves in bitcoin but can pump bitcoin with tethers.

like normies don't get that tether exists in the cryptomarkets yet and when it the news starts talking about it they are going to PUMP
Everyone, and I mean literally EVERYONE is going to want to get in.

>>29879161
ngmi