/biz/ - Business & Finance

[Anonymous No.29907983]

>Tether stopped printing since 21 Feb
>price crash

Every historical resistance was broken due artificial demand created by printing Tether. The Bitcoin chart is essentially fake.

[Anonymous No.29908057]

>>29907983
you know they print for a reason right ?

They dont just go OHHH LETS PRINT AND BUY BITCONE.

They print because of demand

[Anonymous No.29908114]

>>29908057
lemme guess, the USD is also printed because of (((demand)))

[Anonymous No.29908117]

>>29907983
have you considered that perhaps tether prints when large players buy to maintain the peg?

[Anonymous No.29908149]

>>29908057
>no record of money moving into bank account
>tether is still minted
The jig is up!

[Anonymous No.29908234]

>>29908057
why don’t those gubbmint wite bois print more den we need money yahurd

[Anonymous No.29908276]

>>29907983
If they're not printing due to ongoing litigation, wouldn't a high IQ move be to invest in tether? Bitcoin dropping could be the catalyst

[Anonymous No.29908584]

>>29908057
there has been no independent audit of their reserves and practices. every time theres a dump they print like a billion tether to stabilize the price.

[Anonymous No.29908678]

>>29908057
>>29908117
oh god

[Anonymous No.29908838]

>>29908678
LOAD ZE TETHER FUD

u guys have been doing this for almost 10 years now, its time to lay off the crackpipe.

[Anonymous No.29908954]

>>29908838
>REALITY IS FUD!
you people are fucking delusional lmao even after NYAG proved its only 13% backed, you still think its fud lmao. as delusional as the trumpanzees over at pol

[Anonymous No.29909230]

>>29908954
>muh Tether
>muh DRRRUMMPPPHHH
Delusional faggot detected. Any other conspiracy theories apart from muh Tether, muh Russia?

[Anonymous No.29909368]

>>29908838
How you've made it this far in life is incredible.

[Anonymous No.29909389]

>>29908838
>A Maddof scheme can last for many years so its legit

[Anonymous No.29909433]

>>29908584
so why arent they printing now if thats how it works

[Anonymous No.29909444]

>>29909389
>>29909368
>>29908954
>this time, its different

[Anonymous No.29909504]

Tether has 90 days to prove their backing is real. After that the nyag or other agencies might step in.

This might be the last huge bull run. I was counting on tether pumping to 100k and then rugpull but now I have my doubts.

The ramifications of this could be catastrophical. Exchanges going down, miners selling at loss on the top of people losing everything.

[Anonymous No.29909562]

>>29907983
They didn't stop till Feb 26 but you get the picture, it's over.

[Anonymous No.29909769]

>>29909562
hmmmmmmm why does this weekend look similar to last weekend

[Anonymous No.29909976]

Why would they need to print if the market is going down? If the market rises relative to the dollar, they just print more Tether so there's enough for people to buy when it crashes. There's also an element of Chink scammery in there too I bet. I have a pasta saved about that I'll try to find.

[Anonymous No.29910034]

>embezzling
tether is from an east asian exchange named bitfinex, ran by various europeans with criminal backgrounds
a few years back they figured they could just pretend they got hacked, and siphon a few millions for themselves
once they got away with it, they figured: why not up the stakes? and created their own fake dollar
this let them siphon real money from their clients and paint the tape with fake dollars. essentially a fractional reserve banking operation, except with no regulation
meaning they can use tethers to buy bitcoin low, pump the price high as they do so, dump bitcoin higher, profit on the artificial spread they created
they did that for a couple of years, basically they're responsible for the 2016 run up from $300 to $1000, and partly responsible for the 2017 bubble too
by mid-2017 public knowledge of their washtrading, dummy corporations and shadow banking became widespread. didn't stop them from washtrading, but they eventually moved to a new strategy as the NYAG started to investigate them
by 2019 or so they started offering large tether loans at a discount (generally 5-10%) to asian funds, to be repaid in 6-12 months generally. the funds gamble on crypto themselves, easily make more than the difference as the loans essentially have negative interest to start with, and bitfinex gets money while washing their hands off the whole thing
right now bitfinex pulled the wool over most normalfags, tether lovers and haters alike. mathematically it has to go down in flames at some point, but it will likely be later than the haters who believe bitfinex has a gigantic hole in their balance sheet hope

[Anonymous No.29910150]

>>29908057
lmaoing @ at this gullible lil nigga

[Anonymous No.29910172]

>>29909769
Watch the stock market next week.
the dow is about to take a hit and crypto is going down with it.

[Anonymous No.29910197]

>>29909504
>catastrophical

[Anonymous No.29910269]

>>29910034
based chinks fucking over the US

[Anonymous No.29910270]

>>29908584
you mean like the FED?

[Anonymous No.29910286]

tldr of this entire thread for brainlets
you're telling me the entire fucking thing is coming down? bitcoin and everything else? what the actual fuck

[Anonymous No.29910371]

>>29908276
Binance has BUSD, I don't even mess with Tether anymore. Even though I know BUSD is also a scam at least they don't get sued by governments thus never forcing their hand. Ironic how a bigger scam is the safest to be in right now.

[Anonymous No.29910384]

>>29910034
What I dont understand is why they got "hacked" in 2016. That was the cause of all of the problems they have now. I just dont get it.

[Anonymous No.29910469]

>>29907983
This is utterly fucking retarded.
Let's say there's a grocery store. When there's higher volume of customers coming in and buying stuff, they end up going through more cash/coins in order to give people change. Therefore, they need to go to the bank to get more bills and coins to keep up with the volume.

The argument you're making is equivalent to saying that the act of the grocery store manager going to the bank to get more bills/coins to give customers change is CAUSING a higher volume of customers to come to the store.

Every fucking time BTC moves, the midwits come out of the woodwork making the exact same retarded argument
>tether printer goes brrr
>HAHA OH WOW THEY'RE NOT EVEN TRYING TO HIDE IT, TETHER IS SUCH A SCAM!
>tether printer doesn't go brrr
>HOLY SHIT OMG TETHER STOPPED PRINTING ITS OVER ITS GOING TO ZERO!
we had you faggots making the exact same arguments a month ago before and after bitcoin reached 42k and dumped

[Anonymous No.29910495]

>>29910172
will housing ever fucking finally take a hit ive been sitting on tons of cash forever

[Anonymous No.29910685]

>>29910469
If you actually believe Tether can provide liquidity for all the tokens they minted you're delusional.

[Anonymous No.29910695]

>>29910469
Nigger they were 13% backed in 2018 after the great 2017 bull run. They didn't even have 400 million. And now do you think they have over 35 billion xD

[Anonymous No.29910698]

>>29908057

[Anonymous No.29910702]

>>29910469
tether is backed by bitcoin and loans to cryptoexchanges so they have to pump the price or tether will be unbacked.

[Anonymous No.29910747]

>>29910685
do you think the DAI smart contract can become sentient and acquire $2.3b?

[Anonymous No.29910833]

>>29908057
Tether here, this anon is correct.
That bloke who random deposits $2.6B in $200m chunks was on holiday this week. And there is a fat negress in our office, still sniffing around the sekrit entrance to the BRRR printer kellar. Back to business as usual soon hopefully lads.

[Anonymous No.29910905]

>>29910695
>they were 13% backed
Tether is 100% backed by bitcoin.
bitcoin price pumped by tethers, tether reserves go up, they issue more tethers to buy bitcoin

[Anonymous No.29910961]

Dump crypto
Buy silver
Buy First Majestic
Buy Bayhorse

[Anonymous No.29911046]

>>29909444
>banned in New York
>a new development that is objectively different from NOT being banned in New York
Yes it is now different if you hadn’t noticed.

[Anonymous No.29911066]

>>29910905
Thats true. But it is basically a huge cartel pumping Bitcoin then. Once they show their books to the NYAG the sec is going to fuck them in the ass. Crypto is doomed, I still think we will see the golden bull run, but after that its fucking over for years.

[Anonymous No.29911124]

>>29910905
So now that bitcoin is tanking, are the 150+ billion tethers no longer backed? Is there a burning mechanism? Surely tether and bitfinex will be transparent and honorable!

[Anonymous No.29911231]

>>29911066
>the sec is going to fuck them in the ass
the SEC will fuck an overseas organisation? how will they achieve that exactly? by banning them from US exchanges? that's already the case, coinbase, binance US, gemini none of them are trading USDT. the SEC can't and won't do shit.

[Anonymous No.29911336]

surely you fucking idiots saw this tether shit coming right? It's been staring you at the face for months.

[Anonymous No.29911399]

>>29908114
no the u.s.a fed printed trillions and trillions to actually silently rob the poor idiots at the bottom.

[Anonymous No.29911607]

>be normal person
>BTC gets sold for USDT
>more USDT is minted to keep price stable

>be retarded schizo
>USDT is minted for no reason than to scam the world
>BTC is bought with fake USDT

[Anonymous No.29911642]

>>29911046
>>banned in New York
a lot of cryptos are banned in Jew York. What's your point?

[Anonymous No.29911677]

>>29910034
jokes on them, if usdt gets rugpulled, that doen't mean regular usd can't...

[Anonymous No.29911758]

>>29907983
>bbbbut my institutions buying buttcorn
>bbbbut f2pool
>bbbbut george the chink said 46k was the floor
>bbbut tesla

[Anonymous No.29911800]

>>29911758
See you in 2 weeks :)

[Anonymous No.29911817]

The only thing that has to happen is for the people on the news to start talking about tether.
Like CNBC, Kramer and bloomberg.

How the bitcoin cartel has an infinite money printer and how the price appreciate of bitcoin was from tether's being minted because the value of the bitcoin in their reserves increased.

I don't get why they never burn tether though...

[Anonymous No.29911900]

>>29911642
A lot of cryptos are banned but not all of them are banned for doing something illegal. Tether was singled out as a criminal operation by the NYAG, how does this point go over your head?

[Anonymous No.29911927]

>>29911231
RICO Act

[Anonymous No.29911969]

>>29911607
>be normal bank
>get audited
>be tether/bitfinex
>PLS SIR DO NOT DO THE NEEDFUL

[Anonymous No.29912032]

>>29911900
>Tether was singled out as a criminal operation by the NYAG
>NYAG
Who gives a shit what this sheboon finds "criminal"? Tether payed their (((fine))).

[Anonymous No.29912097]

>>29911969
>>be normal bank
>>get audited
Yeah the (((banks))) definitely get (((audits))) by Shlomoberg,

[Anonymous No.29912126]

>>29911927
they can't do shit to people and organisations that reside overseas. fucking Snowden is still alive and well in Russia and he leaked national security information. SEC won't be able to do shit to a bunch of yellow-fevered europoors who somehow managed to outprint them in funny money. again, the most they can do is ban USDT from US exchanges but that would achieve nothing since USDT is already not traded on these exchanges.

[Anonymous No.29912175]

>>29911969
>banks
>audited
kek

also who the fuck cares what some third world country has to say about tether

[Anonymous No.29912216]

>>29912032
>payed
Back to the sewers, Pajeet.

[Anonymous No.29912237]

why do tether fuds act as if most people buying/selling dont know that tether prob isnt backed 1:1, the market just doesnt give a shit

[Anonymous No.29912246]

>>29912126
yeah chinks just get to print usd equivalents get fucked mutts

[Anonymous No.29912280]

>>29912175
Did you know that USDC is audited regularly and consistently proves they have reserves backing up their stablecoin at a 1:1 ratio? Wow! It really is that easy!

>why would the IMF care about the manipulation of a global market that creates extreme volatility the international economy
GEE I DONT KNOW

[Anonymous No.29912287]

>>29910034
This is some reddit tier long posting lmao.

[Anonymous No.29912321]

>>29912216
>Only ad hominems
Keep seething kike. Now we own the money printer

[Anonymous No.29912320]

>>29912237
Why do people think an obvious scam will be allowed to operate forever even though they’ve already been fingered as a bad actor in the space by international organizations and major centers of global finance?

[Anonymous No.29912322]

>>29912126
>they can't do shit to people and organisations that reside overseas
THEN WHY DOES THEY ALREADY HAVE A FAT NYAG NEGRESS COCK UP THEIR ASS? U FUCKING TARD

[Anonymous No.29912384]

>>29912320
>major centers of global finance?
Imagine trusting major centers of global (((finance))). Good goy, I see.

[Anonymous No.29912429]

>>29908954

Don't worry, the election was only 13% rigged, which means Tether is clearly legitimate.

[Anonymous No.29912440]

>>29912126
>cia asset Edward snowden is still alive! See?! That PROVES the governments of the world are powerless to stop tether!!!
You have to be 18 to post here.

[Anonymous No.29912451]

>>29912322
The best they could do is get them to stop trading.

[Anonymous No.29912474]

>>29912280
What are they gonna do? Attack Tether with an aircraft carrier? lmao

[Anonymous No.29912490]

NY has done more to fuck up the crypto market than any other state in the US. No binance, no GRT on coonbase.

[Anonymous No.29912512]

>>29908057
newfag

[Anonymous No.29912540]

>>29912490
Who do you think runs Jew York? The kikes don't want the goyims to have financial freedom.

[Anonymous No.29912552]

>>29912474
Ban the sale of it in all participating g30 nations. I bet it will still be worth 40k then, that’s my guess.

[Anonymous No.29912604]

>>29912552
Yeah, I am sure everyone is going to listen to the dying superpooper.

[Anonymous No.29912620]

>>29912552
Tether is an ERC20 token they can't do shit to ban it.

[Anonymous No.29912625]

>>29909504
Good.

[Anonymous No.29912633]

>>29912540
bitcoin is even more kikish than USD.
40% of bitcoin is owned by 400 wallets.

[Anonymous No.29912646]

>>29908114
Tether doesn't have the legal authority to print USDT out of the thin air.
The audit by the New York AG proved that the idea they were doing so was an internet myth. They have backing for every dollar, except for a brief period 2017 when on of the "vaults" where they held their money misplaced an account.

[Anonymous No.29912651]

>>29908114
yes? do you understand what inflation is? it's supposed to create an incentive to spend money, not hold it

[Anonymous No.29912697]

>>29912280
>IMF
kek that's why Christine Lagarde, former head of the IMF and current head of the ECB, has been fudding bitcoin lately. it's all they got, they can't really stop Russia, China, Iran, North Korea etc from mining and trading Bitcoin
>>29912440
>cia asset
take that shit to /x/. if the SEC had any leverage over these fags they'd have used it years ago, this farce, and the fud that goes with is, has been ongoing for a long time
>>29912322
the only person who turned up at the hearing is their lawyer kek. and he got them a 18M fine and a ban from a state that already banned most of crypto. give up on the Tether fud and try something different. why not fake Elon tweets on Tesla selling their bitcoin. try something different because tether fud is well and truly dead.

[Anonymous No.29912738]

>>29908678
Weird how nothing fucking happened after this huh?

[Anonymous No.29912792]

>>29908954
>NYAG proved its only 13% backed,
This is objectively false btw.

[Anonymous No.29912972]

>>29907983
i love how you leave out usd and the infinite printing they do

[Anonymous No.29913004]

>>29911231
You can trade USDT on binance us. Did you even bother to look at any of those exchanges before posting?

[Anonymous No.29913011]

>>29911124
no tether is no backed by tether xD, those guys are the fucking brilliant

[Anonymous No.29913029]

>>29907983
You said this exact same thing last dip a month ago.
They print based on demand, which is generated by price pumps.

[Anonymous No.29913106]

>>29913011
wrong bitcoin is backed by tether
tether reserves is backed by bitcoin which is backed by tether

[Anonymous No.29913222]

>>29913106
fiat is backed by nothing
tether > fiat

[Anonymous No.29913347]

>>29912697
>hey! We only got $18,000,000 fine and banned from operating in the financial center of America, ever, again! result!
I think you maybe also leaving a few problematic parts out here, like their ONGOING requirement to provide AUDITED ACCOUNTS. And that particular requirement has generally proved historically problematic with the ole Tether boys, no? They (NY) also aren't done with them. Why, they just getting warmed up.

[Anonymous No.29913502]

>>29913222
usd is fiat
tether is also fiat

fiat is backed by the state's monopoly on violence, the purpose of fiat is to siphon taxes from citizens

[Anonymous No.29913539]

>>29912126
Snowden is a CIA agent in Russia. If you think Paolo won't get black bagged in London for printing fake versions of the dollar then you're severely deluded. If they can drag Assange out of a fucking embassy they will drag Paolo out of the basement bedsit he lives in.

[Anonymous No.29913571]

>>29911900
That case was settled with Tether admitting no wrongdoing, though.

[Anonymous No.29913707]

>>29907983
Tether is printed in response to demand. Less demand > less tether > crypto prices slump. You have the cause and effect backwards, because you're a retarded nocoiner.

[Anonymous No.29913794]

It's not even FUD anymore with Tether. It's actual fucking fact, they printed $35B and don't have a single dollar to back it up. Along with the legal fees, and every authority with a microscope up their ass, they will never be able to dig themselves out of this hole

[Anonymous No.29913940]

>>29913707
bitcoin goes into tether's reserves
reserves nominal amount goes up -> tether gets issued
tether used to buy up bitcoin
reserves nominal amount goes up -> issue more tether repeat infinitum

How come they never burn tether though?

[Anonymous No.29913948]

>>29913794
where does their profit supposedly come from? are they just giving people stable crypto dollars out of the goodness of their heart?
what authority is up their ass? didnt they just fix that?

[Anonymous No.29914168]

>>29913940
So it's an infinite money glitch?
How cone the price doesn't crash when bitcoin goes down?
I'm autistic so can somebody please sum it all up? This thread is hurting my smooth brain.

[Anonymous No.29914181]

>>29913571
Tether admitting no wrongdoing is not the same as Letitia James NYAG banning them for specifically doing wrong. Who the fuck cares what tether has to say? They’re obviously going to assert their innocence. They were found GUILTY and BANNED what don’t you get? They got the biggest penalty the NYAG could possibly dish out.

[Anonymous No.29914326]

>>29914168
So it's an infinite money glitch?
pretty much. There's no limit to how high bitcoin or eth can go.

But once they report what their reserves are, the news will play it and we'll only know what happens from there. US is so cucked maybe they will take it lying down, that chinks are printing 35 billion fake USD overseas.

[Anonymous No.29914347]

>>29913940
when BTC is rising, tether has to be minted since BTC is being sold for it
when BTC is falling, tether is burned as BTC is bought with it.
they do burn, but BTC has been going mostly up.

[Anonymous No.29914402]

>>29914181
Why pegg still holds?

[Anonymous No.29914694]

>>29907983
>BTC
>15% PULLBACKS
>CRASH

BTC USED TO HAVE 40% CORRECTIONS UNTIL THE LAST THE 2017 BULLRUN

[Anonymous No.29914798]

>>29914347
>they do burn, but BTC has been going mostly up.

btc is 25% down, tether at ath
what are you larping..

[Anonymous No.29914808]

>>29914694
>store of value

[Anonymous No.29914978]

>>29914347
>tether is burned as BTC is bought with it
In your head-canon yes
>they do burn, but BTC has been going mostly up
In a fan-fiction maybe, but not in reality lately

[Anonymous No.29915384]

>>29914347
never read so much bullshit in my entire life.

[Anonymous No.29915436]

OMG shit what are you all yammering on
Wanna have real profit? Don’t believe this dumb shillers
they try to give you a fuck spamming on /biz/
>just glance at YVS Finance! That’s real yield farming GEM!

[Anonymous No.29915498]

>>29907983
fuck thats scary. i just sold all my eth. still got my link but should i sell that too? idk if tether affects that... when should i buy back in anyway?

[Anonymous No.29915520]

>>29912651
>Theft via inflation is ok because it creates "an incentive to spend"
Fucking K Y S, apex kike

[Anonymous No.29916580]

>>29912697
Take note, this is what a paid still looks like.

[Anonymous No.29916628]

>>29907983
>Every historical resistance was broken due artificial demand created by printing Tether
this

[Anonymous No.29918008]

>>29907983
Based and redpilled

[Anonymous No.29918289]

>>29912126
Arthur Hayes and 4 others were just cuffed and taken to the big house last year. They were American and completely defied the USG though.
Bitfinex execs aren't American but you know there are extradition treaties if they really, really wanted to nail them. I personally don't think it'll happen but don't rule it out if it's a criminal matter.