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/biz/ - Business & Finance

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4597041 No.4597041 [Reply] [Original]

>Operated by a group with a direct interest in high price of bitcoin
>Can basically make tokens on demand
>Will accept US dollars for their token
>Will not buy them back
>Exchanges present it as a 1:1 token to avoid regulation
>Markets behave as if it's US dollars

When will they finally catch up with USDT and start regulating it, inevitably exposing it for the fraud it is and cause a massive bitcoin correction? This is the reason bitcoin is going up so high right now, they can just print millions of dollars, buy up bitcoin and play right back into the extra volume to exit..

And yes, I do have bitcoin.. and yes, I'm way up on it right now.

>> No.4597062
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4597062

If BTC is going to crash why don't you cash out?

>> No.4597094

>>4597062
oh man, you really haven't heard? You can't.

I'm afraid you can't cash out.

>> No.4597110

>>4597062
It's literally crashing right now. Down $300 in 5min already.

>> No.4597120

>>4597062
I’m riding the memecoin wave right now too, I’m making hundreds of thousands of dollars. I have my limits however, if it hits 12,000 I’m cashing the fuck out and reinvesting in safer and more proven assets.

>> No.4597188

>>4597041
bitcoin is manipulated by tether.
but i dont see who could stop them. up till now it seems no one really cares.

it will come crashing down one day though

>> No.4597196
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4597196

What if someone tried to peg a cryptocurrency to something like gold or silver or soybeans?

>> No.4597232

>>4597188
This is the kekkiest part of it all.

>print tether
>pump up BTC prices with tether
>convert BTC to real USD at another exchange
>actual realised profit
>you can still cash people out 1:1 USDT to USD

This will only blow up if BTC price falls hard. And how can it, just print more tether.

>> No.4597367

>>4597196
dude, there was goldcoin, gld, silver, coppercoin,

I wonder how many coins got killed by cryptsy going down. I was on a crypto vacation at the time, so I'm not sure what all went down. didn't fuck around with alts after primecoin went nowhere (still have some on a HD i suppose, what wasn't on cryptsy) and I got stuck bagholding a few billion CENT. just worked my ass off 9 shifts a week and put what i could into bitcoin at each dip from 450 on down.