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/biz/ - Business & Finance

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3200240 No.3200240 [Reply] [Original]

Who else /USDT/ till after the Tulip crash?

>> No.3200261

Can you place buy orders on USDT?

>> No.3200349

>>3200261
You can on Bittrex.

>> No.3200869

>>3200240
>>3200261
USDT=SCAM
will collapse soon

>> No.3200892

>>3200240

I would at the very least read these articles. You don't have to believe everything they say, but I would read them if I were you:

https://medium.com/@bitfinexed/are-fraudulent-tethers-being-used-for-margin-lending-on-bitfinex-5de9dd80f330

https://hackernoon.com/the-curious-tale-of-tethers-6b0031eead87

https://medium.com/@bitfinexed/are-legitimate-institutional-investors-really-coming-onto-bitfinex-s-platform-i-don-t-think-so-cb4ed5175092

>> No.3200895

>>3200240
what is the tulip crash?

>> No.3200900

>>3200895
don't get left holding the bulbs

>> No.3200902

if crypto crashes then so will tether you idiot lol

>> No.3200922

>>3200892
This.

USDT will disappear overnight.

>>3200902
Tether will ignite the BTC crash and there's no recovery coming.

BCC will replace jewcoin.

>> No.3200958

>>3200240

Who else realizes that USDT IS the tulip and will collapse catastrophically one day when it's discovered to be a giant house of cards?

>> No.3200969

>>3200240
OP, the last bull run came from fraudulent margin trades on USDT with counterfeit dollars in the vault. It's going to crash so hard.

BTC was never a tulip mania until segwit and lightning. It was a genius invention, to trade without paying a bank isn't a pretty flower it's a fundamental change to society if it takes off.

>> No.3200984

>>3200969
>to trade without paying a bank
you can still do that with bitcoin and many altcoins

>> No.3201026
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3201026

>>3200892
Isn't bitfinex also the one that said they won't allow US citizens access anymore? That actually makes a lot of sense now. You don't want them sniffing around if you're doing something like that.

>> No.3201056
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3201056

>>3200958
DELETE THIS YOUNG MAN YOU ARE STIRRING UP THE HORNET'S NEST I'M IN CONTACT WITH SOME MAJOR LEAGUE PLAYERS AND THEY POINTED ME TO THIS POST. YOU WILL NOT GET AWAY WITH THIS.

>> No.3201067

>>3200240
Why the fuck would you use this and not an actual FIAT currency

>> No.3201078

USDT is going to be MtGox x100

>> No.3201111

>>3201067

It avoids Capital Gains Tax because you're not redeeming it into fiat.

When there is the next "crash" and everyon tries to bail their USDT into fiat at the same time, and realises that their USDT IOUs are not worth anything or backed by anything, then the crash is going to go Great Depression style.

Hedge in Monero and fiat to avoid jumping off a building.

>> No.3201145

>>3201111
Nice quads anon, but it does not avoid CGT, unnecessary risk, a fools coin.

>> No.3201168

>>3201145

No way! I thought that was literally the purpose of USDT?

Oh well at least Kek was by my side while I was spreading misinformation.

>> No.3201188

>>3201168

Nah the purpose of it is that its non-volatile. It's a way of getting out of crypto without actually getting out of crypto

>> No.3201226

>>3201188

But doesn't CGT activate when you realise gains into fiat? So moving from crypto -> USDT avoids that?

I'm not fussed if I'm wrong, I just want to understand better.

>> No.3201231

>>3201188
It means those exchanges don't have to worry about any FIAT, which should worry us.

>> No.3201242

>>3201226
That just gets spread around /biz, but if you look into it the case is not clear. At the very least you can ask to be CONSIDERED for like-kind treatment, to do this you have to fill out a 3 page document for every trade, I havn't found anyone who's actually done this. Most anons are basically just straight up evading taxes, which most will probably get away with, some will not be so fortunate

>> No.3201246

>>3200984
LN is third part private channel.

Bitcoins public ledger is compromised. The fees will get so high with all the forks that the only reasonable option will be LN and almost all the transactions will go through private LN I.e. the exact system BTC was supposed to replace.

>> No.3201275

>>3200240
>putting your money in scam
It's like you want to lose your money

>> No.3201358

>>3200922
You can short USDT with no risk btw

>> No.3201463

>>3201358

Kek'd

>>3201111

Agree with the Monero pov, but USDT is just there. Always at $1. Even if everyone dumps into it and withdraws - it won't matter for tether. What is scary is if USDT can just be created out of thin air.

>>3201145

Can tether be created out of thin air?

I see that on http://omnichest.info/lookupsp.aspx?sp=31 it says only 324,951,600 tokens are in existence...

>> No.3201468

>>3201358
If you win, I'd move it to another coin immediately.

Also if the dollar falls and btc crashes at the same time, your gains could be vaporized.

>> No.3201983

>>3201111
>USDT IOUs
Wouldn't you just be selling USDT to buyers of USDT?

I mean, it's not like there's some guy out there who promised to pay everyone the market price for bitcoin either, is there? You just try to sell it to people.