ALERT: Tether has just granted 50,000,000 USDT

[Anonymous No.6440784]

ALERT: Tether has just granted 50,000,000 USDT

https://omniexplorer.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL


BITCOIN PUMP INCOMING
HOLD YOUR ALTS TIGHT WE'RE MOONING TOGETHER

[Anonymous No.6441086]

heh... nothin personal kid

[Anonymous No.6441137]

shieeet

[Anonymous No.6441144]

Yeah! We are saved, goyim!

[Anonymous No.6441170]

Tether will be the end of crypto for a long time

just wait

[Anonymous No.6441171]

>>6440784
>bitcoin

[Anonymous No.6441181]

Is USDT about to moon my niggas?

[Anonymous No.6441180]

>>6440784
Finally a ZCL pump to heaven

[Anonymous No.6441203]

>yfw the Tether is used to pump Ethereum.

[Anonymous No.6441240]

>>6441181
>being this new

[Anonymous No.6441248]

WTF I love titer now.

[Anonymous No.6441261]

>>6440784
alts pump again

[Anonymous No.6441271]

50 is nothing, 100m didnt do shit last time.

[Anonymous No.6441297]

>>6440784
>creating money out of thin air

just like the federal reserve huh

[Anonymous No.6441316]

>>6441271
why are you on this board? you clearly know nothing

[Anonymous No.6441323]

Can somebody PLS explain what the fuck this means?

[Anonymous No.6441361]

>>6441271
It depends on how it enters the market senpai

[Anonymous No.6441383]

>>6441203

[Anonymous No.6441461]

>>6440784
Please explain. I don't understand the consequence of this.

[Anonymous No.6441463]

Tell me what this means please

[Anonymous No.6441494]

>>6441086
omg my sides thx for the heartfull kek

[Anonymous No.6441532]

>>6440784
ohhh shiiiieet we're back boys, fuck please don't kill the alts with this moon though.

also, newfags. newfags everywhere ITT.

[Anonymous No.6441543]

50,000,000 isn't a lot for bitcoin. Some dumb, retard whale, probably sold low because his alts were bleeding and traded them all to Tether.

[Anonymous No.6441557]

>>6441323
>>6441463
>>6441461

No, we don't explain shit here, go back to /r/eddit or I will track your IP up your ass.

[Anonymous No.6441558]

>>6441181
>>6441323
>>6441461
>>6441463

the absolute state of biz

[Anonymous No.6441591]

>>6441557
>>6441558
Fucking explain. We help each other here bros dont we?

[Anonymous No.6441596]

guys whats Tether?

[Anonymous No.6441619]

>>6441461
>Step0. Create a Hong Kong based exchange, call it Bitfinex
>Step1. Create tethers (aka fake dollars)
>Step2. Use tethers to buy Bitcoin, driving up the price
>Step3. Sell Bitcoin for real dollars on other exchanges

[Anonymous No.6441625]

>>6441316
wat?

[Anonymous No.6441638]

ill be honest, i still dont understand tether

[Anonymous No.6441639]

>>6441557
Fact: I'm better than you. Deal with it.

[Anonymous No.6441678]

>>6441619
Thanks.

[Anonymous No.6441687]

>>6441591
no you're too fucking new you need to go back this is basics
>>6441558
See how much worse this board has gotten in even the last 2-3 months. These fuckers came here within the last few weeks and are retarded.

[Anonymous No.6441698]

>>6441638
It's just Binance's way of letting people cash out to something equal to USD, but its not actually USD. It's like when you sell to cash (without sending to your bank) on GDAX except its not real cash.

[Anonymous No.6441705]

>>6441625
>muh tether meme

[Anonymous No.6441709]

xrp pump soon

[Anonymous No.6441728]

>>6441625

so how does this work? they just print money out of thin air? how do i get some? do i email them?

[Anonymous No.6441760]

>>6441728
new newfag itt ?

[Anonymous No.6441762]

>>6441591

piss off back to plebbit you nigger faggot kike newfaggot

[Anonymous No.6441771]

>>6441698
'preciate

[Anonymous No.6441787]

To all the newfag no tethers, GET IN NOW.

What this means is that Tether is about to moon fucking hard. Seriously, this is going to be bigger than BTC when it was at the ATH.

Do you want to be rich? Move fast.

[Anonymous No.6441852]

Can I buy tether on blockfolio?!??!?!

[Anonymous No.6441879]

>>6441787
Finally, someone is honest here, jeez. It's been around a dollar for so long it was bound to moon sooner or later.

Buying 1k worth, will we see $10?

[Anonymous No.6441939]

My stepdad (I am my mothers son) wants to buy tether. How does he get in?

[Anonymous No.6441973]

where to buy tether thx

[Anonymous No.6441988]

>>6441879

It's going to 9001x bro!

Prepare yourself.

[Anonymous No.6442017]

>>6441988
where buy pls?

[Anonymous No.6442028]

>>6440784
We're going to 16.000 K goyim

[Anonymous No.6442086]

>>6441543
Whales don't become whales by being dumb and retarded
T. Know a IRL whale

[Anonymous No.6442093]

>>6441787

Thanks for the tip anon. Just dumped $12k into tether. Easy 20-30% gains based on previous tether moons.

[Anonymous No.6442103]

>>6442017

[Anonymous No.6442126]

This shit is so criminal. Holy fuck. This WILL kill crypto.

[Anonymous No.6442167]

>>6441760

>"must" held

now, do i email them or what?

[Anonymous No.6442260]

What does this mean? Hodl my coins? invest in tether?

[Anonymous No.6442263]

>>6442103
We mooning boys.

[Anonymous No.6442270]

>>6442126
It's not though. It's juicy juicy jooos-e investment. Poor people don't understand how much $ rich people have to throw around.

[Anonymous No.6442275]

>>6440784
Fucking FINALLY. I've been waiting for this.

[Anonymous No.6442279]

HOW DOES THIS TETHER IMPACT ALT COINS PRICE? I DONT UNDERSTAND

[Anonymous No.6442301]

>>6442093
Anytime bro.

We're going to make it!

[Anonymous No.6442321]

>>6442279
mass tethers = instant win

[Anonymous No.6442334]

>>6441591
Kill yourself my nigger

[Anonymous No.6442367]

>>6441316
Damn, I honestly dont know how to respond to this. Acting like you know shit but your comment already proofs you dont know shit. Shit

[Anonymous No.6442467]

>>6442279
all alts go up

[Anonymous No.6442507]

bitfinexed must be happy right now

[Anonymous No.6442518]

>>6442367
50m was used to alt coin pumps. But this time its for bitcoin

[Anonymous No.6442537]

Tether is a fucking scam. Only a matter of time before people lose confidence in it.

It will be replaced by decentralized stablecoins like DAI in due time.

[Anonymous No.6442539]

>>6441787
fuck yeah tether bears assemble. cant wait till this hits coinbase and we all lambo

[Anonymous No.6442547]

>>6442321
>>6442467
Why do alts go up? I dont realy understand the reason

[Anonymous No.6442549]

>>6440784
PRAISE THE LORD

[Anonymous No.6442564]

>>6442507
we just need one more year to get filthy rich. Then leave and never look back, this will be epic to watch on the sidelines.

[Anonymous No.6442609]

>>6442547
>something something opposite of /biz/

[Anonymous No.6442627]

>>6442547
tether is more like a piece of code used to burn altcoins. Burned altcoins = less supply = moon. Last time verge went to the moon becaue of this, im all in

[Anonymous No.6442650]

>>6442086
Man, you have no idea. A ton of nowadays whales are still stoners and half-retarded autists who just got into BTC from the start because they originally wanted to buy drugs or were just autists. And over the years they accumulated tons of this shit. Doesn't mean they stay whales, though, especially not with real players entering the market instead of more stoners and autists from /biz/.

[Anonymous No.6442672]

Time to buy more ETC i think.

[Anonymous No.6442684]

Except there's $1.5b worth of USDT; $50m is nothing at this point.

[Anonymous No.6442742]

>>6442650
>stoners and half-retarded autists
regardless doesn't make them dumb desu~

[Anonymous No.6442814]

Law of supply and demand says this isn't possible

[Anonymous No.6442866]

DON'T TELL THE NEWFAGS WHAT THAT MEANS

[Anonymous No.6443062]

>>6442270
It's not regulated and they don't back it with any refunds. They just take money and issue tokens. It's essentially a fundraiser for nothing. At this scale, it won't be legal for long.

[Anonymous No.6443175]

>>6442866
Come on please, I just wanted to be friends I promise I'm going to be careful.

[Anonymous No.6443261]

Chinese people turn everything they touch into a bubble

[Anonymous No.6443421]

>>6442866
Awwww cmon man just this one time please I won't tell

[Anonymous No.6443487]

>>6443421
It means alts are about to get destroyed and Bitcoin will soar. Jesus you people are embarrassing. The correct response it to buy Bitcoin. I'm not even trolling you here, that's what it indicates.

[Anonymous No.6443493]

MASSIVE BTC BUY ORDER ON BITFINEX

[Anonymous No.6443607]

>>6443493
The price there is pretty low, though.

[Anonymous No.6443679]

>>6443493
That's only $16.4m though. Where's the other 33.6 going?

Or do they space out the orders?

[Anonymous No.6443837]

Total market cap: $701,371,646,398

Tether market cap: $1,502,912,927

Someone please explain why this Bitfinexed faggot is right. Tether is 0.2% of the entire crypto market.

[Anonymous No.6443904]

>>6441760

You niggers call Bitconnect a scam.

[Anonymous No.6443946]

>>6443679
ETH

[Anonymous No.6443970]

Creating new tether should decrease crypto mcap as money flows from crypto into tether..

[Anonymous No.6444057]

>>6441181
thanks for the laugh

[Anonymous No.6444082]

>>6443679
wash trade at kraken first

[Anonymous No.6444124]

The Tethering

[Anonymous No.6444290]

>>6444082
Through the USD/USDT pairing? That's like a week's worth of heavy volume. (Those big recent green and red candles are 1m and 900k respectively.)

[Anonymous No.6444376]

>>6440784
Nice, Bitfinex trying to make money on ZCL and pump it harder

[Anonymous No.6444466]

>>6441760
but basically that means that if they dont screw up they will actually fill their account with the fiat they need

[Anonymous No.6444543]

>>6442507
I admire this guy (Bitfinexed).

[Anonymous No.6444688]

>>6441591
>>6441687
>>6441762
>>6442334
Ahh.. The traditional, warm /biz/ welcoming

[Anonymous No.6444763]

>>6441181
It's been mooning since the the 17/12/17 , from 5000 satoshis to 7500+satoshis.

[Anonymous No.6444819]

>>6441596
Gtfo

[Anonymous No.6444948]

>>6444290
wait wtf, why would you give a usd for less than a usdt, am I missing something ?

[Anonymous No.6445021]

>>6444948
Tether you can move from one exchange to another much more quickly than USD. If you need liquidity fast to snag a deal on another exchange, it's worth the arbitrage fee.

[Anonymous No.6445038]

Jesus the economic illiteracy of Americans explains to me how our bullshit system never has been fixed, we deserve the mess we have.

The value of bitcoin as a speculative asset is different from it's perceived value as a system of barter. Forget market cap, it's meaningless. Tether creates liquidity and therefore a higher perceived value by closely pairing it's liquidity risk to the dollar. It's undoubtedly not a perfect 1:1, but the reduction in beta by creating ease of liquidation allows BTC to function almost as a treasury bond in theory, where its systemic risk is perceived to be vastly reduced due to tether simply existing.

Additionally, once you realize that by having a liquid, securitized currency floating along the dollar; combined with the fact people are ignorant to how this system operates on the network level; and the connection is not made between crypto as a derivative assets with USD acting as the underlying; I hope some of you can see what will happen if there is a way to counterfeit the USD using a method similar to how the Fed printed money in QE without flooding the circulating supply by raising market values through purchases; thus increasing the equity of the asset owner and countering insolvency by the conversion of liquid wealth to illiquid wealth.

I hope someone see what this means for us over the next few years, and why those that do understand are getting mortgages to buy BTC.

[Anonymous No.6445116]

>>6442507
Kok

[Anonymous No.6445196]

Why do they necessarily have to buy bitcoin?

[Anonymous No.6445216]

>>6441181
10/10 bait

[Anonymous No.6445217]

>>6445038
beautiful post actually anon now go charge your battery and take your meds

[Anonymous No.6445359]

>>6445038

So basically what you're telling me is that I should be all-inning into ADA.

[Anonymous No.6445398]

>>6445038
> I hope someone see what this means for us over the next few years
This is what I'm understanding.

[Anonymous No.6445503]

fuck my withdrawals are blocked on bitfinex for 3 more days

[Anonymous No.6445560]

>>6445038
you sounds pretty clever for somebody that writes "it's" like a redditor

[Anonymous No.6445592]

>>6445038

>Forget market cap, it's meaningless.

Please explain why

>therefore a higher perceived value by closely pairing it's liquidity risk to the dollar

What do you mean by liquidity risk?

>creating ease of liquidation

How so? You can't redeem tethers

>securitized currency floating along the dollar; combined with the fact people are ignorant to how this system operates on the network level; and the connection is not made between crypto as a derivative assets with USD acting as the underlying; I hope some of you can see what will happen if there is a way to counterfeit the USD using a method similar to how the Fed printed money in QE without flooding the circulating supply by raising market values through purchases; thus increasing the equity of the asset owner and countering insolvency by the conversion of liquid wealth to illiquid wealth.

I must be a brainlet because I didn't understand at all what you mean.

I want to understand you, please help.

[Anonymous No.6445606]

>>6445038

It’s no use anon, all the smart people left /biz/ and don’t understand how tether will fundamentally cause btc to replace fiat. They don’t and won’t get it because they still think there’s a difference between “fake” and “real” money and don’t understand that value stems from consensus + liquidity and how USDT derives its value from consensus but simple provides a liquid pairing for btc and that bitfinex is becoming the fed 2.0 but this time in a good way because btc is gold 2.0 so we’re actualy witnessing transition to a system that captures the best of both gold backed and non backed currencies. They don’t get it they just see buzzwords.

[Anonymous No.6445670]

>>6445398

>The dollar hit 0 bitcoin!

There isn't a more succinct way to explain it than this sentence.

[Anonymous No.6445736]

>>6445038

Tethers aren't backed by anything, silly anon

[Anonymous No.6445737]

>>6445606
>btc to replace fiat
>Jews letting the Petrodollar ever get replaced

Mate, Hussein and Gaddafi are bloated corpses because they tried to replace the Petrodollar. It's not happening, not any time soon at least, and not without a massive fight against the BTC.

Also, Tether is an obvious scam.

[Anonymous No.6445751]

>>6445560

I usually write like a crazy person since there is almost nowhere but 4 Chan I can go to know I'm not the crazy one sometimes

I just want my unborn kid to be okay when the sheep start being led to the next corrall

[Anonymous No.6445810]

>>6445737

All money is a scam you fucking moron nigger

[Anonymous No.6445815]

>>6445592

Basically the point anon is making is that when the FED came up with QE they realised that the secret to increasing monetary supply without hyperinflation was to ensure that monetary supply went into illiquid assets. Bitfinex is simply copying this system, because it “prints” tethers which are fake but uses them to increase the price of btc which is “real” (ie non printable) it creates a feedback loop. The assumption that this feedback loop will ultimately collapse is because brainlets can’t into economics and don’t understand that this feedback loop is actually perfect because value stems from consensus so because we believe tether to be tied to the USD it doesn’t actually matter if it is. Just like it doesn’t matter if the FED prints 100 quadrillion USD as long as the local grocer still sells his milk for 1 USD. So the trick the fed came up with when they introduced QE is making sure the money went directly into assets and thus would never reach the grocer thus ensuring hyperinflation didn’t happen and that the 1% that owns assets got richer. This exact process is happening with BTC, because no one will actually try to convert tether to USD tether will just increase the value of btc and everyone with lots of btc is analogous to the 1% of Americans, will just get richer.

[Anonymous No.6445826]

>>6445736
So it's like fiat?

[Anonymous No.6445850]

>>6445826

No, it's even worse than fiat.

[Anonymous No.6445923]

>>6445810

All of life is a scam anon, but some scams are more accepted as reality than others.

[Anonymous No.6445966]

>>6445606
Ok I understand better. I am not sure I agree but at least I get the thesis you are trying to get across. I need to do more reading on monetary policy. I'm an engineer by trade, nowadays a rather successful traders (even factoring in the bull runs) but seriously not an economist.

It's far more productive to educate people like you did than complain about brainlets, thanks for taking the time.

If you have suggested readings, please fire away.

[Anonymous No.6445991]

>>6445826
Fiat's backed by the oil trade and being the only currency the IRS accepts. Those are the only fundamental backings, but they're strong.

[Anonymous No.6445998]

>>6445815
But people (bots) do trade USD for USDT, on Kraken and Bitfinex.

[Anonymous No.6446098]

>>6440784
I reckon we get to 12275 on high volume and then the manipulation will kick in there and we soar higher. Screencap this.

[Anonymous No.6446129]

>>6445815

No, you idiot, the value of the USD stems from the Petrodollar. The US forced the USD to become the currency used worldwide to buy and sell oil and gas and thus created an endless demand on the dollar allowing them to export the inflation of printing endless dollars buy and selling them for actual goods. That's the reason why there is no hyperinflation of the USD despite the FED printing it none-stop. That's the fucking reason of the constant US involvement in the ME. The fucking Tether is nothing like the Petrodollar.

[Anonymous No.6446704]

>>6446129

Stop getting your information from Alex Jones.

[Anonymous No.6446739]

>>6445923

No shit that's what I'm saying

"Scam" depends on your theology relating to a situation

[Anonymous No.6446923]

>>6445815

THANK YOU

[Anonymous No.6446990]

>>6446129

What petrodollar anon

It's been gone a while now

[Anonymous No.6447139]

>>6446704

Are you seriously implying that the Petrodollar system is a conspiracy theory?

>>6446990

>gone for a while

Remind me again what crude oil is still priced in? What it's being sold in? Remind me what happens to someone like Gaddafi, who wanted to create an African currency to sell African oil with?

[Anonymous No.6447167]

Am I missing something, what is 50 mil gonna do

[Anonymous No.6447229]

>>6447167

Put up a massive buy wall for one.

[Anonymous No.6447268]

>>6447139
All the oil that will be used in the West this year is coming from China.

[Anonymous No.6447306]

>>6447268

Are you a retard? Serious question.

[Anonymous No.6447437]

>>6445966

Sorry for not using patience to educate, I've been called a retard by so many people since 2008 who just can't make the proper nueral connection no matter how I say it, that I am jaded.

Monetary policy is all about how to alter other people's behavior through illusions. Fiscal policy is maths.

Read on Bayesian probabilities, the theories of mathematician LePlace, and moral theory. Spend a year trying to understand cognition.

[Anonymous No.6447552]

>>6447139

Remind me how you can determine when and how a transaction occurs if there is no record?

[Anonymous No.6447653]

>>6441939
Is this a joke?

[Anonymous No.6447753]

>>6447552

What does that have to do with the Tether not being the same as the Petrodollar? As long as oil is being priced, bought and sold in USD on the world market, it will keep it's value. Tether's value is ephemeral and based upon belief as you claim. These are not the same things.