TETHER FUD INCOMING, LIKELY LARGEST ALAMEDA COUNTERPARTY

[Anonymous No.52307423]

Biggest counterparty is probably Tether in this Alameda collapse.
Cumberland might also be in contagion.
Redditoooor is on right track:
https://www.reddit.com/r/CryptoCurrency/comments/yqctul/ftx_and_alameda_contagion_some_alpha_whats_next/

[Anonymous No.52307452]

tether to zero I don't give a fuck and I've withdrawn everything until the market recovers, even if it's in 10 years I'll be there

[Anonymous No.52307508]

exchanges are going down, teather will just be frozen in space because of that. take your fuckin crypto out of exchanges!

[Anonymous No.52307563]

Sheeeit.

[Anonymous No.52307609]

>>52307423
Tether can’t go to zero, they got 55% in Us treasuries (paying a yield) + 5% in rrp (paying a yield) + 10% cash + other money market instruments + a bunch of equities (that might be distressed) and 8% in crypto
So worst case it’s worth 70cent, it cannot go to zero

[Anonymous No.52307635]

>>52307609
70 cent can easily start another panic selling. Even 80-90 cent would do it.

[Anonymous No.52307692]

>>52307609
Btw do you remember this?
https://www.binance.com/en/support/announcement/binance-to-auto-convert-usdc-usdp-tusd-to-busd-binance-usd-e62f703604a94538a1f1bc803b2d579f
If CZ wants to control the stablecoin market he needs to eliminate the competitors of BUSD.

[Anonymous No.52307702]

>>52307423
tether is not a crypto lender, brainlet. There's zero reason for them to hold FTT or anything related to alabama.

[Anonymous No.52307740]

>>52307635
Panic selling into?
It’s not that USDT is hiding the % of the reserves, they are public, just open the webpage and read, if you don’t like it don’t use it
Tether is not backed 1:1 by usd and never was, never was even pretending to be

[Anonymous No.52307786]

Midwit thread

[Anonymous No.52307815]

>>52307702

You forget the link between tether and bitfinex.

They're running the same scam ftx/alameda were doing and likely onboarding all sorts of dodgy shit (drug money).

Imagine trusting a largely unknown operation with no public audit managing 69 bil that is comprised of former child actors, paedophiles, electronic salesmen, dentists and the like.. Seriously?

If FTX was universally trusted fell why the flying fuck are you so confident in tether.. the black hole of crypto?

[Anonymous No.52307837]

>>52307740
>if you don’t like it don’t use it

I didn't use FTX but I can definitely feel the effect.

[Anonymous No.52307873]

Tether collapsing would send BTC down to like $5k or less

[Anonymous No.52307888]

>>52307815
just like you could withdraw your funds in time from ftx, you can convert now your shit from usdt to something else
is that hard to do?
if they are solvent they will be fine and gain trust
if they are not, you will take some price dump due to contagion event but most of your funds will be fine cause you took self-custody
wanna cause a bank run?
you are welcome, crypto.com and nexo are very likely insolvent
i hate any fucking CrYpTo or StAbLe, i hate CEX, i hate derivatives
i only hoard BTC and I only keep them in self-custody

[Anonymous No.52307891]

>>52307873
>$1k btc
So be it, my bag is ready. Finally I can be in the 1 million club

[Anonymous No.52307901]

>>52307873
BTC isn't profitable to mine at that price.

[Anonymous No.52307909]

>>52307702
Are you stupid? The institutions holding tens of billions USDT are going insolvent and may have to dump tens of billions of USDT at any price they can if Bitfinex does not have enoughj money to redeem them 1:1 against USD

[Anonymous No.52308559]

>>52307702
lol

[Anonymous No.52308654]

>>52307423
Won't people flood actual tokens if there is a USDT run?

[Anonymous No.52308720]

>>52308654

why would they go to alts if Tether fails. Once Tether fails, alt tokens are fucking FINISHED.

People would want to take their money OUT of crypto

[Anonymous No.52308734]

>>52308720
ya or flock to btc

[Anonymous No.52308750]

>>52308720
no, that's when the bull begins. people will exit stablecoins to buy crypto

[Anonymous No.52308794]

Nothingburger low IQ fud

[Anonymous No.52308795]

>>52308720
I'd consider spending it on Bitcoin if that's the faster/easier option. At least 1btc=1btc.

[Anonymous No.52308819]

>>52308734
>>52308750

peak delusion
yeah, people are going to flock to crypto when the biggest stablecoin depegs. because BTC has been such a good hedge against, oh wait

[Anonymous No.52308827]

>>52307609
tether has a piece of paper from a random guy oversea saying they have their money in us treasuries
you're the absolute goodest goy if you believe them at their word. ffs it's been 5 years since they were exposed as fraudsters
you retards will literally swallow any ponzi if it doesn't blow up instantly in a dramatic fashion. what causes this? absentee parents? being raised on anime?

[Anonymous No.52308950]

>>52308827

Yeah, I can't believe people here saying Tether would be alright when it's 70 cents, for a fucking stablecoin.

As soon as it slips 3 cents, its fucking trash. The illusion is evaporated.

[Anonymous No.52309003]

Tether FUDers, be honest, how many of you absolute retards lost money in Luna, Celsius, or FTX while continually obsessing about tether?

[Anonymous No.52309053]

https://twitter.com/paoloardoino/status/1590170667646795776

[Anonymous No.52309074]

>>52307609
>source: some tweet

[Anonymous No.52309202]

>>52309003

lol

Luna, Celsius and FTX, all were considered "solvent" by biz. Because they are all big players, they can't fail!

[Anonymous No.52309241]

Dear Sirs,

The tether is fully backed

[Anonymous No.52309287]

>>52309202
Retard. Biz is not one person. There is plenty of people who knew how LUNA worked, that Celsius was retarded. They couldn't have know just how idiotic Celsius was but the idea of putting your money into a centralized black box where they invest it for you is like the opposite of crypto, its a trad bank. Only retarded newfags would have used it. Like only retards hold tether, but the FUD about it is stupid.

[Anonymous No.52309384]

You guys are missing the real power players here.
The regulators need another blow up to really kill crypto.
Thanks Sam.
We appreciate your $40M and contribution to really destroying crypto forever right when we need a reason to implement CBDCS.
You vill eat the bugs.
You vill drink the mud.

[Anonymous No.52309985]

>>52309776
>>52309776
>>52309776
>>52309776

[Anonymous No.52310000]

>>52309202
everybody shitted on ftx since the beginning, celsius was warned against as centralized and dangerous tho many anons fell for it and luna was barely shilled here before its explosion

[Anonymous No.52310082]

>>52307873
Tether was barely a thing when BTC was at 20K in 2017

[Anonymous No.52310668]

>>52309985
Talking about FUD.
I hope you guys realize that the $1 Trillion industry lies in the and of these guys.
Give thanks to them:

https://web.archive.org/web/20210116230415/https://www.deltecbank.com/2021/01/08/deltec-staff-spreads-christmas-cheer-with-the-elizabeth-estates-childrens-home/

Deltec is the bank for Tether/FTX/Alameda

[Anonymous No.52312182]

>>52308794
>Honest guys they gave us 30 billion in cash srs bros just trust us

[Anonymous No.52312488]

>>52309985
How do you short usdt?

[Anonymous No.52312703]

>>52312488
Kraken or borrowing USDT on DeFi protocol then selling for USDC/DAI.

[Anonymous No.52313125]

>>52312703
I guess I should’ve mentioned this first. I have usdt on KuCoin futures that I’ve been using to fund other shorts. I’m just not sure how to short it there

[Anonymous No.52313811]

>>52309985
thats retarded lol. so i deposit some usdc, borrow against it to buy some tether, then sell the tether for 0.99 of usdc. how exactly have i made money?

[Anonymous No.52313852]

>>52312703
> borrow tether
> sell each tether for 0.99 usdc
> ???
> profit

[Anonymous No.52314534]

>>52307635
his point is you will be always able to redeem your usdt for 0.7 real dollars no matter the token price

[Anonymous No.52314561]

>>52307901
it will when miners start unplugging because they are fucking broke

[Anonymous No.52315785]

>>52307609
yascool mane they got like all your cash in treasuries during the worst year for US treasuries ever (of all time)

don't even worry about a thing my dude

[Anonymous No.52315829]

>>52308794
>never believe a rumor until it is officially denied
ruh roh

[Anonymous No.52316004]

>>52308827
>what causes this? absentee parents? being raised on anime?
low T for all sorts of reasons

[Anonymous No.52316070]

>>52308827
how do I upvote a post on 4channel.org?

[Anonymous No.52316810]

>>52310082
Tether literally pumped BTC to 20k bro

[Anonymous No.52316853]

>>52307873
everybody would dump tether to buy btc and other crypto

[Anonymous No.52318018]

>>52316853
I believe that the trading volume of private cryptos will be among the first to skyrocket

[Anonymous No.52318095]

>>52310000
What's next is that everyone will be wary of any platform that doesn't guarantee the security of balance, not just centralized exchanges.

[Anonymous No.52318180]

>>52307423
Tether fud....again.

[Anonymous No.52319107]

>>52318095
as it should be, this whole thing ever since april i mean proofed just how strong true defi is, aave didnt die or stop functioning as intended
and all defi loans get insta liquidated, while the proceedings for ftx will, like mtgox, take ages to settle, probably until after next cycle so the depositors will turn very pink
fun times all around

[Anonymous No.52320047]

>>52318095
Shield your wallets!

[Anonymous No.52320134]

>>52319107
DeFi is always going to be the standard where the security of funds and ultimately, security of financial information will become guaranteed.