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/biz/ - Business & Finance

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File: 67 KB, 1638x624, tether 2.5 billion.png [View same] [iqdb] [saucenao] [google]
5094810 No.5094810 [Reply] [Original]

An additional 2.5 BILLION with a B in Tether was just minted.

What the hell is going on?
Where is this money even going to go?

>> No.5094821

>>5094810
I dont even understand what this tether shit is.

>> No.5094834

>>5094821
because you are the absolute state of biz right now

>> No.5094850
File: 194 KB, 620x512, pianoman.png [View same] [iqdb] [saucenao] [google]
5094850

>>5094821
This is tether

>> No.5094864

>>5094810

Look at the growing market cap of the whole market, then ask yourself again. If you still don't understand what I'm talking about: look at the Tether price and how it's rising when money floods in and no new ones are printed.

Rising demand => print more to hold the price stable

>> No.5094865

>>5094810
Proof fag, I refuse to believe this is real.

>> No.5094866

>>5094810
Kek. Where are the doubters now?

You fuckers know they don't have 2.5 billion sitting in cash.

>> No.5094870

Url?

>> No.5094887

>>5094864
Yes, and every single dollar added to the mkap surely goes straight into Bitfinex's pocket in the form of cold hard cash which they keep in their vault.

>> No.5094888

How else can Finex counter pump the jews x1000 leverage shorts?

>> No.5094904

>>5094866
>>5094865
it's BS brainlets

>>5094870
http://omniexplorer.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL

>> No.5094910

>>5094866

>implying "real" banks have enough money for their customers

>> No.5094915

>>5094866
they never stated that it's 'cash'
they have over 100b in bitcoin to cover it

>> No.5094924
File: 9 KB, 420x316, 1508447387052.jpg [View same] [iqdb] [saucenao] [google]
5094924

>>5094864
So why don't they delete tethers when Bitcoins price goes down?

>> No.5094934

>>5094866
Probably not, because screen shot ins't real.

>> No.5094941

>>5094834

top fucking kek

>> No.5094950

>>5094887
Just like other banks and their loans right? Faggot, the crypto/tether world is riddled with manipulation just like the real world, the only thing is it’s a lot more noticable with tether because we’re amateurs

>> No.5094952

>>5094904
Ok fine, you got me. This was pretty funny.

>> No.5094953

>>5094924

That's a stupid idea. The market is still growing a lot.

>> No.5094954

whenever I see the Tether threads I'm left wondering if the average biztard received any decent education at all

>> No.5094962

>>5094910
>implying "real" banks wouldn't get bailed out unlike this scam

>> No.5094965

>>5094810
What the actual fuck

BITFINEEEEEXXXXX

>> No.5094967

Fake news

>> No.5094977

>>5094953
Yeah, due to fucking tether

>> No.5094995 [DELETED] 
File: 125 KB, 1621x865, img.png [View same] [iqdb] [saucenao] [google]
5094995

FUD

>> No.5095026

>>5094995
nice picture from yesterday retard, that's old

>> No.5095037

That’s a lot of money

>> No.5095094

What happens when demand for tether gets lower? Do that delete coins or what?

>> No.5095109

fake and gay

>> No.5095128

>>5095094
yes they delete all the coins, exchange, say it was a hack and then retire to some tropical island without extradition law

>> No.5095138

>>5094834
Explain it then, bitch.

Oh wait you cant.

>> No.5095151

fake

>> No.5095154

>>5095094
Tether is backed by USD (supposedly)
It maintains a 1$ value regardless because you can withdraw it from them

>> No.5095191

>>5095138
cant wait for your kind to lose all your money

>> No.5095206

Holy shit were going to 25k.

>> No.5095347

>>5094904
>"I refuse to believe this is real"
>I was right
>brainlet

yeah, makes sense.

>> No.5095455

>>5095094
like all ponzi schemes, that can never happen. Printing tether creates the demand to print tether. No one buys tether to buy things outside of the cryptosphere, they buy tether to buy more crypto (hopefully at a lower price).

The more tether there is, the more buy pressure there is against crypto. the more buy pressure against crypto there is, the higher the price. The higher the price, the more tether is printed.

They don't even have to try to abuse the system. The feedback loop is built in. It's unavoidable.

>> No.5095502

>>5095154
Yeah, also undisclosed asian banks are in charge of providing liquidtiy kek

>> No.5095550

>>5095191
I bought ETH when it was $12 so you're gonna be waiting a while, little bitch