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/biz/ - Business & Finance

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6670955 No.6670955 [Reply] [Original]

>8 hours ago they printed (another) $100M
>BTC value skyrockets to nearly $12k

>now they have $2.7M in tether left
>BTC dropping rapidly down towards $10k

That's $10M per hour pumped into BTC to keep it afloat.

How can anyone defend this shit? IRON HANDS memes aside?

>> No.6671023

When they stop printing we are headed to 5k.

>> No.6671058

This shit is falling off the cliff right now.

>> No.6671083

>>6670955
Why do you retards act like they're committing a crime every time they print tether? THAT'S THE POINT OF IT. Their business model revolves around letting people pay them USD in exchange for USDT for easy access to crypto.

>> No.6671095

>>6671023
what if they don't stop printing, who is going to stop them?

they've abandoned any pretense that it's not a rigged game to keep it afloat. might aswell keep pumping rev in until they exit and the whole party is over.

there are millionaires on here who could be left with barely enough for a family saloon.

>> No.6671097

>>6670955
SOURCE? for real I want a source im interested

>> No.6671191

>>6671083
This shit currency isn't backed by anything, there was no reason to print this garbage in the first place, people before Tether were paying with USD somehow, magic? nope, Tether is a fucking scam, we're gonna have Bitcoin at 1$ again and every alt at 0.0001USD.

>> No.6671229
File: 34 KB, 1612x291, tethleft.jpg [View same] [iqdb] [saucenao] [google]
6671229

>>6671097

>> No.6671252

>>6671095
one could argue that's the flip side to these ridiculous profit opportunities. i could wake up to my portfolio being worthless.

>> No.6671254 [DELETED] 

>>6671191
It's backed by Jewish banker cock. Hope you got kneepads, bitch boy.

>> No.6671269

>>6670955
Dude stfu is the only way we can make money
The fuck is wrong with you niggers

>> No.6671314

>you can only buy bitcoin with tether

oh wait

>> No.6671336

>>6671269
Lol u biztards. Lets turn a blind eye to fraud and some shit that will fuck crypto up if it ever fails.

>> No.6671425

>>6671191
>there was no reason to print this garbage in the first place
>what is arbitrage
Good luck moving USD between exchanges

>> No.6671472

>>6671269
It's the difference between economics and neets in a giant pyramid scheme.

The whole market only exists because nobody has thought to look into the lies at the heart of it.

MT GOX was the shot across the bow. When they go for Tether it'll be straight at the magazine and all that will be left is splintered wood and limbs everywhere.

If you actually give a shit about the tech you'll hate what the market has become, even if you're getting fat rich off it.

>> No.6671950

>>6671425
LUL you can just buy LTC and send it on another exchange, problem?

>> No.6672009

>>6671472
ETH will be our savior

>> No.6672138

>>6672009
I thought the flippening would happen but when bitcoin tanked so did ether. Bitcoin dominance means nothing apparently because even when its low it drags everything down with it.

>> No.6672303

>>6670955
USDT to the moon!

>> No.6672541

>>6671950
Lel, brainlet. You want to arbitrage BTC/USD and introduce LTC/BTC when there's something better, tether. Fucking retard.

>> No.6672550

Pretty sure the tether are being printed because people are selling.

Not because people are pumping bitcoin

>> No.6672555

>>6670955
you are all overreacting, tether is fine, 1:1 USD backed and regularly audited

stop being autists, this tether FUD has existed since its inception, and the currency has been around the whole time. I'm not worried at all.

>> No.6672611

>>6672555
its not audited, tard

>> No.6672648

>>6672555
They literally refused an audit.

>> No.6672791
File: 110 KB, 945x1032, 57567561.jpg [View same] [iqdb] [saucenao] [google]
6672791

>>6672555
>tethers
>backed
>regularly audited
(:

>> No.6672893

>>6672555
They won't even state what banks gave them a trillion dollars

>> No.6672971

>>6670955
These tether scammers are obviously not going to be audited or arrested now, they should just outright print 1 billion tethers as a big fuck you to all their haters, no need for all this pretending

>> No.6673025

How do people not get it?

>Tether's utility is that it is pegged to $1 USD.
>Exchanges have demand for it to keep customers on the exchanges and ultimately paying fees instead of going into fiat
>Tether is issued when there is demand from exchanges

They don't randomly issue $100 million in tether. The exchanges demanded about that much as people were buying into tether to ride out the crash with a pegged asset.

Their reserves? Every USDT is sold for ~1$ to exchanges.

>> No.6673071

>>6672893
Why would they need banks to give them reserve capital when exchanges will buy USDT to keep customers on their exchanges?

?????

>> No.6673154

>>6670955

instead of tether, just use VEN tether.

>> No.6673206

>>6670955
you can't spend tether you dumb fuck.

you pay $1 usd for 1 tether and then you sell it for $1 usd.

its a placeholder. lemme guess you have a load of money and want market to crash so bad so you can get richer. Yes? Same old bear FUD. Can't even be intellectually honest.

>> No.6673242

>>6671191
a currency is defined by its users dumbass

if tether is used as a currency and people believe its a currency then its a currency backing is fucking nothing compared to belief

read - Theory of Value by Nick Gogerty

>> No.6673470

this is bait a coordinated attack on crypto don't reply to the tether fud faggots let the threads 404

>> No.6673525

>>6673470
Jesus Christ..
There has to be some sort of IQ tests to post on /biz/

>> No.6673561

Tether is probably going to be involved in the major downfall of Bitcoin, and the start of a major (if not permanent) bear market for cryptos.

>> No.6673629
File: 25 KB, 480x360, 1516324184645.jpg [View same] [iqdb] [saucenao] [google]
6673629

>exchange unable to secure banking
>creates fake USD blockchain token
>says fake dollar is worth real dollars because they actually have real dollars too
>refuses audit
>bans all U.S. customers
>buys Bitcoin with fake dollars
>BTC price goes up

>> No.6673687

>>6673470
Crypto is the future, i just don't want the baby to drown in the poisoned bath water.

It's a sham set up to make a few greedy cunts minted and it needs an enema so we can move forward without seeming like a tinpot joke.

I've got more money than I could spend at this point so what the market does doesn't effect me, I'm in it for the tech, not this Tether cancer and a million pennystock chancers.

>> No.6673697

>>6673525
there is you failed faggot

>> No.6673719

maybe i should switch from tether to nubits
did you knwo about nubits? well now you do
it can fill the same role as tether, albeit not as precisely. nubits are more or less worth the same as a usd, without having to be backed by us dollars. look into it. only on shittrex though so... meh

>> No.6673728

>>6673687
you're a larping faggot fuck off

>> No.6673757

JNT/Jcash will replace tether. Jcash actually is backed by real world assets. The royal family of dubai is funding this shit. Binance is on board. I'm not worried.

Reasearch the Jibrel Network and when JNT hits exchanges, buy that shit up because it will make you a fortune

>> No.6673776

why dont they print tethers continuously? imagine how high bitcoin would go, jesus. bitfinex would make so much money and so would we. its a win win

>> No.6673783

>>6673025
>>6673071
Dear FUD

Please respond

>> No.6673796

>>6673728
You know what the biggest red flag is? You can't even talk about the Tether/Bitfenix operation without half the thread getting enraged and screaming FUD with no argument or backing. They don't want to hear it because they know deep down what's going on and want to ride it as long as possible.

I mean, that's fair enough, you're just playing the game. But that doesn't make it any less of a red flag.

>> No.6673806

>>6673757

...how will it replace Tether if it does a moonshot instead of staying at the same price?

>> No.6673845

>>6670955
This episode will be in economic and finance texbooks really fucking soon. Like Soros and his currency attacks on nations with fixed exchanged rates

>> No.6673908

>>6673806
JNT is the token. Jcash is the Tether equiv. I think that you have to burn JNT to convert to Jcash but I dunno for sure.

>> No.6673934

>>6673806
JNT will be used to purchase JUSD. It will be a deflationary token that will increase in value over time. Difference is this will actually be backed by real world assets as opposed to tether which is backed by shit.

>> No.6673960

>>6673697
Literal brainlet

>> No.6674041
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6674041

>>6672555
>Audited

>> No.6674045
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6674045

In what coin do I hide in when tether pops?

>> No.6674112

99% of shitcoins out there have no actual product backing them up
how is this different?
Everything is just a big fat ponzi

>> No.6674125

>>6674045
nubits
i keep telling people but they wont listen i dunno why

>> No.6674156

>>6674112
Because they claimed this: 1USD = 1 USDT which is not true

>> No.6674173

>>6674125
maybe theres something wrong with nubits i dont understand? nobody ever responds when i mention nubits.

>> No.6674191

>>6670955

tether is essentially fiat currency

its ironic that its propping up cryptos

The collapse of tether could be more detrimental to fiat

>> No.6674232

>>6674156
How so?

Exchanges buy USDT for 1 USD
It is a utility for their customers

?????

pls respond

>> No.6674298

>>6673206
Is this the new troll? How can you be so fucking stupid? When tether falls you are going to shit yourself. Even if you don't own tether, you will get burned.

>> No.6674354

>>6670955
It's really worrying dude. I'm almost tempted to call this shit quits and get out while i can

>> No.6674359
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6674359

Centralized stablecoins don't work, anons. There is another. Get in now.

>> No.6674395

>>6674232
Because any retard dumb enough to trade United States backed USD for chink/slav monopoly USDT deserves to get to lose it all.

>> No.6674402

>>6674359
well what is it? fuck you nvr mind not interested

>> No.6674428

>>6674395
wow great analysis you stuttering pothead

>> No.6674453
File: 57 KB, 736x701, 3245l234a324i143n.jpg [View same] [iqdb] [saucenao] [google]
6674453

>>6674428
Great comeback child

>> No.6674469

>>6674232

Several red flags

1.They have no evidence to back that up.
2.You can't redeem your USDT for USD.
3. They have yet to get audited and they stated they were planning to get audited last September. Nothing yet.

>> No.6674539

>>6674232
So all exchanges are pumping bitcoin instead of just bitfinex. Much better. You actually solved the biggest scam of crypto. All exchanges were working together and pumped btc to 20k with tether they bought and sold at the top. Bravo anon

>> No.6674581

https://www.reddit.com/r/CryptoCurrency/comments/7rf3aw/tether_information_statistics_and_analysis/

Too much effort to copypaste all the links separately, go to the above link if you want them. There are a lot of links. Comment too long.

Recent Events
Unless specified otherwise, all numbers refer to Omni issuances.
100 million USDT (omni) issued today
4 days in row, 15th-18th, of 100 million USDT issued per day.
550 million for the month.
800 million in the last 30 days.
All USDT is initially sent to Bitfinex.
Issuing Address -> Tether Treasury -> Bitfinex -> Various exchanges.
Mostly seems to be currently flowing to Binance and Huobi, though there also considerable amounts going to other non-Western exchanges.
Two unknown addresses received about 35 million USDT each in the last couple days, making them currently #7 and #8 on the Rich List.
The amount of USDT held by western exchanges has either greatly decreased or remained about the same.
One of Poloniex's two known tether addresses has recently, between Jan 13th-Jan 18th, been almost entirely drained and sent elsewhere.

Expect more USDT to be issued when Bitfinex's USDT account balance becomes depleted or Bitcoin drops too low, whichever comes first.
Its balance is down from the 100 million sent this morning Jan 18th, US time, to 883,490 now and quickly dropping. May have another issuance soon to replenish their supply.

Tether Ownership
Based on currently known information
Tether's provided listing of address owners and their amounts.
63% of USDT held by 4 addresses.
75% of USDT held by 10 addresses.
82% of USDT held by 32 addresses.

Tether Totals
28% of all USDT issued in Jan 2018.
1.95 billion USDT (omni)
30.1 million USDT (ethereum)
14.6 million EURT (ethereum)

Tether Info Spreadsheet

Addresses to Text
To better track where everything is going on the omni explorer site.
Userscript used
Data to paste in the userscript
Example image of what it looks like afterwards:

>> No.6674599

>>6674395
What exchanges trade usdt for usd tho? Don't you have to use btc on most of them?

>> No.6674623

>>6674599
kraken

>> No.6674660

>>6674191
I agree, tether failing would have.. unintended and unavoidable problems for the Fiat shekels. We're in a black swan moment, I'm going to lie about how much I risked when I'm discussing this in 20-50 years.

I think it's best we just accept this and move on and back to discussing shit coins.

>> No.6674672

CAN SOMEONE PLEASE EXPLAIN HOW TETHER IS PROPPING UP THE VALUE OF BTC

PLEASE
IT DOESN'T MAKE SENSE
AND DON'T COME AT ME WITH FANCY TECHNICAL TERMS LIKE WASH TRADING.
EXPLAIN!

>> No.6674683

>>6674469
>2.You can't redeem your USDT for USD.

Sure they can! Exchanges sell tether to people like you and me all the time.

I can't argue the other points desu

>> No.6674739

>>6671191
It keeps me from paying hundreds of dollars in transfer fees to put my shit in USD if I want to wait out the market crash, which I did, and I saved stacks.

Tether is a great utility tool, it's just not a crypto meant to be invested in. It never was.

>> No.6674743

>>6674683

WHEN tether is issued traders buy it by selling BTC
now the issuer of tether has BTC! they sell that BTC for FIAT! ERGO backing up the TETHER WITH USD!!!!!!

dat's all folks

>> No.6674751

>>6674672
it slows velocity during runs (money stays on exchanges) and does nothing during bulls(money goes from usdt to pairs) so btc is propped up

>> No.6674771

>>6673561
What in the actual fuck? Do you think "cryptos" are just a 4chan meme? There is no permanent bear market for tech (tokenized value creation) that is changing tech landscape left and right. A crash to kill bitcoin? Sure, well deserved. But from that onwards, it's going to just explode again. Be ready. It all happens fast in this space. Next couple of years will define your retirement funds. You're already at an advantage since you know HOW TO buy and dyor (except you, of course, who think all cryptos are memes).

>> No.6674781

>>6674743
in reality, exchanges buy USDT and sell it, not the issuers

>> No.6674784

>>6674683
Redeem != Trading on exchange

>> No.6674801

ARE AUDITS NECESSARY. i would love to see monthly/quarterly audits by independent third parties.

>> No.6674824

>>6674739

And when there is a major market crash and people try to redeem tether for fiat, and Tether says "Actually we don't actually owe you anything" then Tether becomes instantly worthless.

>> No.6674826

>>6674781
so exchanges buy it with what exactly? BTC? FIAT?

>> No.6674847

>>6674739
How would you have $100s in transfer fees?

>> No.6674870

>>6674826
that I don't know, its up to the exchange and the issuer

>> No.6674877

>>6674824

that's because you can buy BTC with it and then sell BTC!
you'd just be buying and selling a higher volume of BTC

Tether won't precipitate the crash. the crash would be onset by regulatory bullshit

>> No.6674906

>>6674877
Or a run on tether

>> No.6674908

Bittrex allows direct deposits of USD in exchange for USDT, but it's now a minimum of $100,000 up from $10,000.

>> No.6675149

>>6674908
Fuck bittrex

>> No.6675214

Posted this in the other thread:

I am not sure about all of this tether fud:

2 possible scenarios:

1. Exchanges work together:
Binance mails Finex and says; guys, we just got deposited another 50 mil in total. Print us 50 mil tether and we owe you 50 mil USD (maybe they transfer the money, maybe its just a lending-contract)

2. Overall, its 1,7 bil USDT (or USD). Isnt it possible, that all of the exchanges have been deposited 1,7 bil USD since the creation of tether (or only Finex got deposited that amout of USD)? Its not that much money considering the global market of crypto.

Maybe both scenarios even work together. Maybe Finex has been deposited 2 bil USD already and they just bring tether slowly into the system, exactly to not blow this whole thing completely up?

>> No.6675241

>>6673025
the fudders just ignore the legit posts lol

>> No.6675305

>>6675214
How do the other exchanges get their fiat?

>> No.6675359

>>6674581
Interesting this was only downvoted after being linked here.

>> No.6675393

>>6675305

true, you cant even deposit fiat into binance.
makes my theory even easier to be true and more plausible.

>> No.6675399

>>6673025
How are exchanges getting fiat to pay for the tether?

>> No.6675403

>>6675305

when you buy BTC. you give the exchange FIAT
and when someone sells BTC their bank account get's debited and the seller gets credited
as long as exchanges are not up some shady shit like speculating with those deposits there shouldn't be a liquidity crisis that would render these exchanges insolvent

>> No.6675421

>>6675393
How so?
Your theory requires them paying in fiat, which doesn't explain how they get the fiat.

>> No.6675432

>>6675399

THEY SELL BTC to other exchanges.

>> No.6675452

>>6675403
>when you buy BTC. you give the exchange FIAT
What about exchanges that don't have fiat pairs or allow fiat deposits? How are they getting fiat?

>> No.6675471

>>6670955
Don't worry, the market will see a crash unlike any other they have seen before come February.

I predict only a handful of coins are going to make it out (less than 10). And those one's that prevail will go on to become the Google, Amazon, Ebays, Netflix, etc of the cryptoworld.

>> No.6675489

>>6675452

when you transfer your BTC to an exchange and trade it for shitcoins the exchange rakes a commission in BTC. they sell those BTCs to exchanges that have FIAT

>> No.6675500

>>6675432
So the exchanges are selling their crypto, driving down the prices on fiat exchanges, so they can buy tether.

>> No.6675508

>>6671336
>if it ever fails
when it fails

It will crash the market, but it's 'only' $2 billion dollars. The rest of the market will dump more than that, but don't expect what happened with the $300 billion selloff. Crypto doesn't need tether to survive.

>> No.6675529

>americans ruin another market

thanks guys

>> No.6675533

>>6675471
WHERE THE FUCK ARE YOU GETTING THIS SHIT FROM!
do you think you're smarter than all the institutional money coming in. do you think you're smarter than Mike Novogratz and other hedge fund managers that have tens of millions of dollars invested? how the fuck do you come with these deluded thoughts of mass hysteria and systemic collapse

>> No.6675566

>>6675529
>Americans
How so?
Bitfinex has banned Americans, and Tether has changed their legal terms to where some Americans aren't even allowed to hold, let alone trade, tether. Also no tether can be issued to Americans.

>> No.6675579

>>6675500
not necessarily
they could be buying Tether with their BTCs after all its the same thing

>> No.6675597

>>6675566

americans!!!!

>> No.6675601

>>6675579
But that would mean it's not backed by USD.

>> No.6675614

>>6675529
it's a Hong Kong based exchange. Americans are not allowed to open accounts there

>> No.6675630

>>6675529

they dont ruin it currently. they are trying so fucking hard to push the price down and buy super cheap btc.

I promise you, the current price manipulation (as always done by american institutions) is only being fought "back" because of tether.

its protecting the market and the BTCs. Without, we would see BTC price of ~2000$ with 80% of it being in the hands of the US bastards once again.

>> No.6675659

>>6675601

well if the entity that sold tether for BTC, ended up selling BTC for USD then don't you think it would be backed by USD?

that's why interim audits are necessary

>> No.6675705

>>6675659
It wouldn't be 1:1 backed due to volatility.

>> No.6675733

I didn't expect so many Tether apologists. I guess I should have expected such on /biz/. Much easier to do without a persistent identity.

>> No.6675766

>>6675630
fuck you asshole! the crash was initiated by Roger Ver's FUD on CNBC and all the lies he was spewing over MSM. then Korea's FUD exacerbated a weak BTC. it has nothing to do with American institutional investors. were their short positions successful ofcourse. who the fuck wouldn't short BTC at 20k. it was overbought. it would be traded between 15k and 18k . but Korea had to be retarded

>> No.6675779

>>6675705

please man.... get the fuck away. you are absolutely clueless.

tether is at 1,7bil dollars which means there has to be 1,7bil dollars behind it.
Now go let that sink in and realize its literally pennys in the crypto world.

like i said: finex could have a fiat plus of 3 bil dollars and nobody knows. they might just hold back tether to not blow the market up.

>> No.6675804

>>6675705
it could be more then.
or less
audits will vindicate Tether. periodic audits

>> No.6675813

WHY DON'T PEOPLE JUST USE DAI
WHAT THE FUCK
THEY'RE RUINING US

>> No.6675870

What is the difference when I trade on an exchange that actually trades BTC/FIAT..

The fiat exchange should in theory have $$ in reserves while the USDT doesn't?

Reality is that if we all try to cash out at once, this shit will implode.. I don't think there's enough money flowing in to justify all those imaginary gains we make

>> No.6675871

>>6675779
it's not pennies, it's liquidity. look at the volume. if tether goes, liquidity plummets, people panic, market crashes, no more tethers and wash trading to pump up the price.

if you're looking at marketcap saying it's pennies, you're an idiot. you should be looking at volume.

>> No.6675872

CNBC today, North American Blockchain Conference, Tether partners with BlockV. They are legit OP is a fudding faggot let his threads 404

https://twitter.com/cryptomanran/status/953998617550970881

>> No.6675875

>>6675766

are you mentally challenged? go and observe the fucking BTC/USDT market. you CONSTANTLY see sell walls of 20+ BTC pushing the price down further and further.

BTC is currently being heavily manipulated and I promise you its america as always.

american country and economy has always been inventing bubbles.
no economy requires heavy measures if you want to stay on your self claimed #1 spot in the world.

>> No.6675912

>>6675779
>tether is at 1,7bil dollars which means there has to be 1,7bil dollars behind it.
Why does it "have" to be?

>Now go let that sink in and realize its literally pennys in the crypto world.
You are confusing market cap with the amount of money invested. They are entirely different and not the same as all.

>>6675779
So you don't believe their transparency reports?

>> No.6675921

>>6674599
Kraken Exmo

>> No.6675938

>>6675875

What's pushing the price down is market mechanisms, not whales you dumbass

Most people trading serious money understand meme lines and meme lines look terrible so they sell and wait to buy lower. That's it.

>> No.6675942

ITT: salty forever poor no coiner Pajeets

>> No.6675945

>>6675871

ofc I dont relate to the overall cap. deposits of ~2bil USD since existence of tether is nothing in this market - no matter daily volume.

>> No.6675946

>>6675872
>legit
>doesn't want to get audited

THE BIGGEST THINK

>> No.6675982

>>6675875

when was it NOT heavily manipulated?!!?!?!?!?!?!?!?!?

looool this whole market is a series of PnDs. shitcoins or not.

>> No.6676007

>>6675912

for it not to be a scam, there has to be at least 1,7bil behind (which, like stated before, is NO MONEY since creation of tether).

I dont relate to overall cap you fckng faggot...

You guys dont get it?

FINEX MIGHT HAVE TOTAL PLUS OF 3 BIL $. BUT THEY JUST NOW HEAVILY "PRINT" TETHERS IN ORDER TO KEEP THE PRICE STABLE.

I hope now u understand my point...

>> No.6676045

>>6675938

"XD" you are a dumbass american. go observce binance BTC/USDT market. You will see what I mean ;)

>>6675982

true tho

>> No.6676123

>>6676007
>I dont relate to overall cap you fckng faggot...
If Bitcoin goes up by $1, the market cap goes up by $16 million. If it costs $160,000 to raise Bitcoin $1, then that's a 100x effect that the money had on the market cap.

>FINEX MIGHT HAVE TOTAL PLUS OF 3 BIL $. BUT THEY JUST NOW HEAVILY "PRINT" TETHERS IN ORDER TO KEEP THE PRICE STABLE.
Why are you speculating for? How is your personal speculation any sort of evidence?

>> No.6676168

>>6676045

idi na hui ;)

>> No.6676228

>>6676123

jesus christ are you americans this limited in your head?

you are speculating into the other direction (tether not being backed 1:1) and now you call me out? - nobody knows except for finex. I just said, finex having a plus of 2 or maybe even 3 bil USD is NOT TOO UNLIKELY - get it?

about the other part i dont want to keep talking to you. i know exactly what cap means and what 100 mil USDT can do...

>> No.6676238

>>6671023
They will print 1 billion per day if needed

>> No.6676273

>>6676168

western europe masterrace my brother. no vodka.

straight up intelligence + education + REAL culture + not being spoon-fed patriotism from age 1 for a shithole country

>> No.6676284

>>6676228
>nobody knows except for finex
So you are saying their claims of being transparent are a lie.

>> No.6676324

>>6676238
I would love to see that happen.
Maybe then people would finally understand.
I doubt it, but one can hope.

>> No.6676395

>>6676284

i believe their claims - you dont. but your thoughts are backed up by very small logic and not being able to see the bigger picture.

>> No.6676456

>>6676273

yeah ok my flatearther friend

>> No.6676483

On an other note Just sent 25 eth from bittrex to quadriga and all of it was processed in less than 4 minutes

impressed.

>> No.6676522

>>6676395
What is the bigger picture?

>> No.6676615

>>6676522

1.7 bil tether = 1.7 bil USD

since may 15

>> No.6676674

>>6670955
i'm holding this until it skyrockets in price

>> No.6676697

>>6676615
It's actually 1,994,697,081 tether.
Try to keep your info updated.
No idea what the May 15 is about.

>> No.6676702

>>6676615
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHA

>he ACTUALLY fucking trusts exchanges

AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

>> No.6676750

>>6671269
why are you getting emotional attached to something that is bound to fail? that's the #1 rule of investing, don't let emotions make your decisions. people that sold to fiat are laughing knowing what's coming.

>> No.6676817

>>6671472
exactly, we made a lot of money but at this point the whole market is laughable, 99% of coins shouldn't exist / wont exist in 2 years, it's like a series of pyramid schemes and those who buy early make money. also everyone in it now is trying to "make it" because others did, the whole thing is FOMO. it's coming down hard soon.

>> No.6676871

>>6676697

I am pretty sure u get my point... if you dont, you are a stupid person with no coins / 100$ investement.

>> No.6676903

>>6676871
Sorry, I'm incapable of understanding even the simplest concepts because I'm American. My apologies.

>> No.6676908

>>6676817

it will come down 10000%

I am not sure tho about soon.

>> No.6676930

>>6676908
Why will it come down?
Something can only go down 100%.
No idea what going down by 10000% means.

>> No.6676968

>>6676817
99% might be a bit low, considering how many 1000s there are that aren't even on exchanges, which is well over 1,000 by this point.

>> No.6676969

>>6674672
they buy bitcoin so it doesn't crash in the fiat/BTC exchanges, but people have been buying tether since 20k BTC, so the tether people have lost money holding this bitcoin. they probably don't actually have 1-1 USD/USTD because they would have lost a shit ton of money. they now have a bunch a bitcoin that they bought for with fake money they printed. once it all comes down and people can't use their tether people can only sell to FIAT, and also noone with tether can use it to buy back into bitcoin, making the price even lower.

>> No.6676977

>>6676903

please man, just dont make a fool of yourself. you could have just said "yes, your theory COULD be possible as well". now u just try to play me with sarcasm but you look like a fool in the entire discussion.

sorry, can not acccept your apology. you guys fuck over the whole world since 40 years without regrets and will bring down humankind.

>> No.6677021

>people still think tether can prop up the price of btc on a single exchange

>> No.6677032

>>6676930
If you have $50 and make 100% profit you now have $100 dollars. If you have $100 dollars and make 100% profit you now have $200 dollars. Dat simple

>> No.6677036

>>6676977
>dont make a fool of yourself
Being American, I can't not make a fool of myself. It's an inherent trait. Thank you for your concern.

>fuck over the whole world since 40 years
Only 40 years? How generous of you.

>> No.6677069

>>6677032
That's going up, not down.

>> No.6677095

Anybody wanna end Tether?

Do you have any insider crypto information? Something shady going on in the world that you know and want to share?

https://www.thecryptowiki.org/Crypto_Confessions

Post your confessions here for the crypto world to see.

>> No.6677238

>>6677095
nice try crypto wiki admin

>> No.6677295

>>6677238
lol, they're trying really hard to get that site to take off, seeing their links everywhere

>> No.6677500

WTF IS GOING ON, DID I FALL FOR THE MEME
I KEEP HEARING THIS TETHER FAGGOTRY

DO I HOLD MY FUCKING ALTS OR SELL FOR ETH THEN BUY ETH/USDT?

I'M CONFUSED

PLS RESPOND

>> No.6677529

>>6677500
My suggestion to you is
find an exit route just in case.

>> No.6677545

>>6677529
what does this mean?
An exit route can only mean sell at when you think is the correct time and cash your btc or eth

>> No.6677579

>>6677545
Just hold your bags in exchange where you can trade crypto for fiat asap

>> No.6677673
File: 16 KB, 400x400, bR2ErcMd_400x400.jpg [View same] [iqdb] [saucenao] [google]
6677673

>>6670955
>>6670955
I speculate Tether will crash Bitcoin for good, its disgusting how much manipulation has been since humble beginnings of Bitcoin. Note that I have no idea what I'm talking about.

>> No.6677987

It's time exchanges started dropping BTC as a pairing, tether isn't safe and btc is dying a painfully slow death. There's no sanctuary

>> No.6678166

>>6671191

>he thinks fiat is backed by anything

>> No.6678191
File: 66 KB, 547x402, 1504093599700.png [View same] [iqdb] [saucenao] [google]
6678191

>>6670955

Tether is basically the equivalent of congress raising the debt ceiling.

It's fake, imaginary. But, it makes people feel better that the problem its pushed back for a little bit more.

>> No.6678292

>>6678166
>he thinks that coercion and violence aren't valid, let alone sufficient, backing

>> No.6678331

you conspiracy tards are hilarious
stay poor

>> No.6678356

>>6673796
nobody likes to hear a good thing (a money making idea) get criticized.

>> No.6678484

>>6678356
Not "nobody". Mostly the people who want to profit from it.

>> No.6678488

>>6678331
IKR
Tether fudsters are just autistic bcashies
Tether isn't worth a dollar, it's worth nothing. You can't cash out tether.
Not to mention that even if they are right, nothing will happen. People will actually move their money from tether into alts and pump them

>> No.6678601

>>6673934
JUSD
>JUST

>> No.6678653

>>6675399
Tether fudders have negative IQs I swear to god
>hurr durr how do exchanges get fiat

>> No.6678669

>>6678488
If tether isn't worth a dollar, how come you can exchange it for coins as if you had 1 dollar to spend? It doesn't matter if there are real dollars behind it, as long as people are willing to exchange it in that way.

>> No.6678724

Isn't it getting boring to make Tether FUD posts?

>> No.6678860

>>6673776
That's what they've been doing the whole year you idiot. Bitcoin would still be at $3k otherwise.

>> No.6678973

>>6678653
The purpose of the question is to elicit what the other poster thinks regardless of what one knows.

>> No.6679088

>>6674672
>print 100m tether
>use them to buy bitcoin at 20k tether = 1 btc
>people still think 1 tether = 1 usd therefore 20k usd = 1btc

>> No.6679163

>>6676615
it's trillion not billion

>> No.6679238

>>6671023

>>6666666
>>6666835
Before the phoenix is reborn, it must first die.

>> No.6679344

>>6672138
>Bitcoin dominance means nothing apparently because even when its low it drags everything down with it.

That's exactly what BTC being dominant means. It's moves are the entire market's moves

>> No.6679426

USDT will be the first trillion dollar crypto.

kek

>> No.6679446

>>6679344
Bitcoin dominance is lower than ever now, but it still brings the whole thing down. What he said makes perfect sense.

>> No.6679458

>>6671083
This.

As crypto market gets bigger, naturally more will have money in tether -> print more

If you are not printing more tether, price can't stay near 1 dollar.

< 90 IQ brainlets

>> No.6679472

>>6671191
>Bitcoin at $1
that's what you hope for, nocoiner? Nope, won't happen.

>> No.6679526

>>6679458
printing tether isn't the problem. it's printing tether without usd to back it up, without giving investors any reason to believe it's backed up, and then using the tether to deliberately inflate prices through wash trading.

>> No.6679627

>>6675533
Where is the institutional money going?
>hint: not LINK, BAT, NEO, OBD

>> No.6679687

>>6674173
What's wrong with nubits?

>> No.6680003

Tether right now is worth $1.03 according to CMC. Tether is supposed to be pegged at a value of $1.00. Let's do a thought experiment. What would happen to the price of Tether if Bitfinex stopped issuing it? When is there the highest demand for USDT in the crypto market? When is USDT usually printed?

>> No.6680084

>>6670955

BTC is heavily manipulated, are you surprised?

>> No.6680410

>>6670955
Interesting that the Tether controversy always pops up, when faggot OP missed the opportunity to buy the dip. FUCK YOU OP

>> No.6680543

>>6679627
Newfag

>> No.6680633

>USD is an inflationary premined shitcoin and the money supply can't be audited
>TETHER ISN'T EVEN BACKED BY USD REEEEE!!!

>> No.6680676

Does anyone else find it interesting that even with Bitfinex printing millions of new tether, and we all know that tether isn't backed by USD, that the market has set the value of a Tether 3% higher than that of an actual dollar? WHAT DID HE MEAN BY THIS!!!????

>> No.6680718

>>6680676
It means soon there will be 100s of millions of more Tether issued.

>> No.6680757

>>6674041
gosh which monster is that

>> No.6680762

Is it possible that there is a very high demand for a dollar stable crypto asset and in order to keep Tether dollar stable in the face of such high demand, Bitfinex must continue to issue more?

>> No.6680786

>>6679344
Should be like that when it only has like 31% dominance

>> No.6680790

>>6680718
And what if Bitfinex did not issue the new Tether? What would happen to their "dollar stable crypto asset?"

>> No.6680836

>>6680762
>>6680790
What happens when the demand dies down? That means Tether would drop in value.
To increase it in value, they must increase demand.
To increase its demand, they must crash the market.

>> No.6680895

>>6680836
>What happens when the demand dies down?
All the excess goes into margin funding. When demand for tether dies down, assuming btc is in a bullrun, the demand for long position on usdt pairs soars through the roof.

>> No.6680919

>>6680790
Oops, clicked on both.
If they didn't issue the new Tether, they'd run out on Bitfinex and wouldn't be able to do withdrawals since it goes everywhere else. Other exchanges would be fine for probably long while. USDT would probably go up in value on Bitfinex, so they'd withdraw it from other exchanges to put there and sell there. Not a good outcome for a stablecoin though.

>> No.6680951
File: 123 KB, 1564x487, wawawa.jpg [View same] [iqdb] [saucenao] [google]
6680951

yeah this candle on every coin on finex, looks legit...

>> No.6680956

>>6680895
Until Bitfinex feels the need to liquidate them all.

>> No.6680977

>>6680956
>>6680951
Case in point, liquidating margin shorts.

>> No.6681043

>>6680836
When the demand for Tether falls such that the value of USDT falls below $1.00, Bitfinex has a few choices. Do not defend the peg, burn Tether that they hold in their treasury, or buy Tether on the open market. They could buy Tether using bitcoin or USD. If they decided to by it using USD, they would not need to have 1:1 reserves of USD to USDT, they would only need enough USD on hand to defend the peg. Or, like I said before, they could hold no USD and sell Bitcoin to buy Tether.

>> No.6681091

>>6673025
Thank you. The "Tether FUD" is so annoying

>> No.6681117

>>6681043
>burn Tether that they hold in their treasury,
They don't really hold much in their treasury since it's continually going everywhere else. Look for yourself, so that isn't an option unless they buy it just to burn it. That would be idiotic and unprofitable. Like burning USD.

>> No.6681154

>>6681091
An Inconvenient Truth, one might say.