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/biz/ - Business & Finance


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29884726 No.29884726 [Reply] [Original]

So, here we have the actual reason for this dump (Tether has been stopped, finally), and not one thread in the catalog? Jesus Christ, do you people have to be utterly spoonfed to understand why this dump is happening, and will get (much) worse? Read between the lines of the NYAG report. Tether is not in the clear. Quite the contrary, now it's real for them, and they must soon present proof of their reserves, which they can't do. It's fucking OVER, for this bullrun at the very least, and possibly crypto as a whole for a long time. The run only happened at all because of the last year of hyperprinting and fake-pumping, which is now over. This was their final hurrah.

Sell now. The fact that you even have the opportunity to do so at all is an amazing miracle, and those of us without our heads up our asses, while we knew this moment would come, didn't think that it would unfold as forgivingly as it is. SELL FUCKING NOW.

>> No.29884768

>>29884726
no

>> No.29884786

>muh tether fud

>> No.29884806

>>29884726
LOL You’re not getting my bags faggot

>> No.29884811

>>29884726
this exact fud comes up at least once every year and always turns out to be bullshit, but im still always skeptical and fall for it

>> No.29884832

>>29884726
>shoot the golden goose
I hate moralfags

>> No.29884841

>>29884726
Will the new EIP being passed in March have any effect?

>> No.29884858

>>29884726

Based as fuck, brah. Let's drive Bitcoin back below $30k, literally a once in a lifetime chance to buy until it hurts for a guaranteed 10 x return in the next year or two.

>> No.29885004

>>29884858
Without money printing from the Tether FED the BTC price would have never surpassed $10k

>> No.29885010

>>29884726
Tether fud is old and stupid, no one cares.
But dai exists so just use it, better in every way, even better than usdc. Then we can finally stop seeing posts like yours.

>> No.29885058

>>29884726
It doesn’t matter if tether is backed by anything retard, tether is not bitcoin. People don’t sell tether to their fucking bank account, they sell bitcoin to it. Market cap is a meaningless fucking metric. If tether isn’t backed by anything do you know what crashes and people won’t buy anymore?... I’ll tell you: TETHER.

>> No.29885852

>>29885058
tethers are just IOUs for $1. If they don't actually have a dollar to back it, it's literally a lie/scam.

>> No.29885905

>>29884726
Bs, stop pretending you are knowledgeable OP, you're just an average moron.

>> No.29885909
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29885909

>>29884726
Shut a fuck up pussy hole I'm the real DANDANA

>> No.29885955

>>29885852
That’s what dollars are financelet

>> No.29886058

>>29885058
>I write "infinity dollars" on a piece of paper
>Trade it for some Bitcoin
>Bitcoin's marketcap is now infinity dollars

>> No.29886095

>>29885955
>yeah tether is a scam but it's ok because I don't like the government hehe
by your logic financial fraud is literally not possible

>> No.29886212

>>29884726
>You were warned.
bout what?

>> No.29886299
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29886299

>Tether fud

Buy signal

>> No.29886754

>>29886299
Based

>> No.29886829

>>29886095
Yes. Crimes are only defined by the laws on paper and the enforcement of them.

>> No.29886939

>>29884726
Nah.
Tether paid a fine and was let go.
The printed tether will be in existence, but no new tether issued UNLESS there is backing.
BTC price will fall to reasonable levels, like $10K but that's it.
Previous bullrun it was said that mining is uneconomical below $6K and that serves as a hard floor.

>> No.29886952

>>29886939
did you see them print the exact amount the fine was on whale alerts? rofl.

>> No.29887029

people dont realize tether only keeps the price down retards

>> No.29887161

>>29887029
How so?

>> No.29887373

>>29886058
isn't this what the FED is doing?
only they printed several trillion and people are worried by the 30 billion USDT?

>> No.29887456

>>29887373
Yeah and the Fed has the greatest military in the history of the planet to back up their money printing scheme, how exactly does USDT intend to beat them?

>> No.29887559

OP is a nigger faggot

https://www.coindesk.com/tether-settlement-crypto-sell-off

Tether FUD is literally lat weeks news. Get with the fucking times retard

>> No.29887620
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29887620

>tether dies
>everyone invests that money into btc
>another bull run

>> No.29887731

>>29887620
bullrun in worthless usdt while usd price crashes

>> No.29887878

>>29887731
NGMI
numbers are going up, that's all that matters

>> No.29888034

>>29885004
Never surpasssd 1000$ Btc has been propped up with fake money for 7 years

>> No.29888059

DR;NS

>> No.29888128

>>29884726
Thanks man it’s really nice you’re looking out for me. Just sold everything.

>> No.29888138

>>29887878
Kek, wagmi fren

>> No.29888196

>>29886952
Do you have the pic of this, I lost it

>> No.29888337

Numerals confirm
Usdt going

Down under...

>> No.29888401

>>29884726
You will buy my bags @ 100k and you will like it lmao

>> No.29888728
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29888728

Tether fud again.... HAHAAaaaaaAAAA that can only mean 1 thing. Next week's pump well be epic

>> No.29888733

>>29888034
Try telling the people here. They're terrified of facing the music and becoming wagies.

>> No.29888790

Nah m8 kys

>> No.29889118
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29889118

>> No.29889176

>>29884726

Teather is pumping billions into the cryptosphere, thereby diluting the true price of BTC. Proof me wrong with your voodoo market science.

As long as there exits some way to cash out on crypto teather doesn't matter. And as long as there is such a huge demand for crypto, there will be a way to cash out.

>> No.29889198

>>29886939
This is true AFAIK. NYAG will not go after them for any unbacked printing from 2014 up until the settlement date once the fine is paid, but it doesn't stop another agency opening an investigation or using the evidence Tether submitted to help build a current open case, though.

>> No.29889254
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29889254

>>29884726
>hit zem wif ze tether fud again

>> No.29889289

>>29886939
>Previous bullrun it was said that mining is uneconomical below $6K and that serves as a hard floor.
Sunk cost fallacy

Here's a perfect illustration of bitcoin:
https://youtube.com/watch?v=ZiJa9diJOMk