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6715162 No.6715162 [Reply] [Original] [archived.moe]

*prints 100,000,000*

>> No.6715642

jesus christ 200mil in a day.

750 million in one year, whos ordering 100mil chunks ??

>> No.6715682

>>6715642
Every time BTC dips, a thousand wojaks panic sell to USDT and force Tether to print out some more to keep the price down to $1.00

>> No.6715695

Usually the price goes up when this happens though right? Does this mean it's starting to fail?

>> No.6715740

>>6715682
how come the tether total supply never decreases and only increases in size?

>> No.6715819

Bruh 200 mil in a day is that a record? What the fuck is going on???

>> No.6715839

>>6715162
Don't worry totally legit I'm sure all that money is stored in very real accounts

>> No.6715860

>>6715162
thanks, just printed 100m

>> No.6715913
File: 166 KB, 400x560, tether.jpg [View same] [iqdb] [saucenao] [google] [report]
6715913

>>6715740

it decreases... people just sell it for real usd hahahhaha. and only chinese printed counterfeit tethers are left in the market

>> No.6715931

>>6715740
You ever heard the term Ponzi scheme before?

>> No.6715934

>>6715682
Not how it works

>> No.6715938

>>6715695
more supply equals more demand.

>> No.6715939

>>6715682

that's not what's happening, tether doesn't care if the price moves away from $1, it has nothing to do with their business model

>> No.6715967

Fraudsters only become this bold when there is nothing to lose - aka under investigatuon already.

I think the tether implosion is really fucking near.

>> No.6716004

>>6715967
Either that or a huge bitcoin bullrun

>> No.6716021

>>6715967
holy shit........... HOLY SHIT IT'S HAPPENING

OHHHHHH FUUUUUUUUCK EVERYBODY OUT

>> No.6716048

>>6716004
I don't see one bud it's barely been moving

>> No.6716054

I know the FED printed a shitton during quantitative easing but this also raises some questions. There certainly can't be that much demand however they using it to artificially pump up BTC?

It all seems coordinated but rather interesting.

>> No.6716057

One final pump before BYE BYE?

>> No.6716089

>>6716021
Plus one of the bitfinex insiders removed their warrant canary in twitter last december

Way too many red flags. The only thing against this FUD is binance ceo trusting tether which is a pretty weak counterargument.

>> No.6716116

>>6716048
Theyre waiting for right time

>> No.6716118

>>6715162

If you don't want the market to crash stop bringing attention to this you retard.

>> No.6716155

>>6715162

why do you keep posting this fag shit

>> No.6716164

>>6716089
Of course Binance trusts Tether. It's the only safe refuge when Bitcoin dips and your shitcoins instantly lose 30% of their value over night.

>> No.6716166
File: 202 KB, 1000x954, Oyyjack.jpg [View same] [iqdb] [saucenao] [google] [report]
6716166

>>6716057
Yeah, one more good pump that exceeds the ATH would get a lot of people piling in, including more normies, and then they all get bitconnected.

>> No.6716169

>>6716116
Are you implying it's one guy with over 250 million in tethers possibly even 650? In reality the prints have been coinciding with a weak bitcoin not with a strong one.

>> No.6716178

>>6716118
its gonna crash anyway, might as well chat about it.

>> No.6716223

>>6716118
You and people like you are the reason biz is dogshit

>> No.6716248

>>6716118
>stop bringing attention
Thats the thing, tether could have printed small amounts like 10m per week to avoid attention.

But they are now printing 100m to 200m PER DAY. They know they are fucked and no longer care if it attracts attention.

1 to 3 months tops and this thing is over. Screencap this. Im still in crypto but you should have a huge amount of fiat waiting to buy the enormous dip.

>> No.6716331

>>6716178

I bet you want it to crash so bad because you sold everything because you're a pussy. Well guess what? That's not going to happen and you're going to watch everything moon before your very eyes. Have fun, cuck.

>> No.6716354

>>6716169
Im implying it is a group of likely 15-50 multi millionaire and billionaire asians who have probably 5-10 billion to pump into the market which they believe will return in the long term once everything is matured. If it ends now it is may be over forever, and people who have invested sinificantly can't take that risk. This is it, one chance to make the potential entire multi-trillion experiment work.

It would be stupid and wrong to think it's going to end here or anytime before 2020

>> No.6716360

THE PUMP BEGINS

>> No.6716465

>>6716169

Warren Buffett is buying the dip your retard.

>> No.6716477

>>6716331
i didnt sell anything, once i sell i get taxed. My job pays well enough it will be a huge tax.

>> No.6716479

>>6716354
it wouldn't be the end. but i imagine it would be 2020 before the market recovers to the current state.

>> No.6716539

>>6715162
all they have to do is delete coins as people are going back into other cryptos
do you niggers have no idea how central banks work?

>> No.6716541

>>6716331
Fuck off. We say what we want on 4chan. This isn't a crypto hugbox where we live in la-la land and pretend everything is gonna be alright. Brazen negativity is what made this place what it is

>> No.6716673

>>6716354
Why tether? Why not fiat backed exchanges? Why trust bitfinex? Why tell them to print more right at the signs of failure? Why does this system seem to benefit bitfinex far more than it would these asians? If the moneys really there why no audit? Why lie to your customers about audits? Why are they under investigation? Why are they under NDAs? Why are we coming up with retarded theories to try and justify this being remotely good for us?

>> No.6716719

>>6716539
They have never done that because they don't have enough money to do so. This game only goes one direction.

>> No.6716758

IF Tether is going down what happens to all coins? like ALTS too?

Does this mean we are gonna go literally down like bitconnect and whole crypto shit crashes?

>> No.6716786

>>6716758
Yes and the problem is the longer this goes on the worse it will be. It's just one gigantic red candle that can happen at any moment.

>> No.6716795

>>6716673
Because the asians are whatnare refered to as related parties with bitfinex and tether is easier to move and conceal from oversight than real money. And you pump it when it's falling because you don't want it to fall for any number of reasons - probably derivative agreements and short term contracts based on trading ranges

>> No.6716816

>>6716758
If Tether crashes, exchanges will crash, some may be insolvent and shut down immediately, taking all your hard-earned coins with them.

>> No.6716828

>>6716786
Fuckk man, i think i need to sell everything then, i did some predictions i would get my 3k investment rise to 10-15k$ till summer to pay all my loans but fuckk again fucked, fucking tether...

>> No.6716851

>>6716816
>having coins on exchanges

>> No.6716880
File: 10 KB, 225x225, slojak.png [View same] [iqdb] [saucenao] [google] [report]
6716880

>Someone gives Tether 100M in bitcoin
>Tether prints 100M tetherbucks
>OMG WHERE DID THE MONEY COME FROM!?!?!?!

>> No.6716881

>>6716816
Does MEW crash too i got almost all coins there.

>> No.6716966

>>6716828
you think the fad is growing? it only blew up like this because mainstream media hyped it up and normies jumped on the train. but now mainstream is bored of it, normies are bored of it, and there will be no more fresh meat to pump real currency into it. the party is ending.

>> No.6716972

>>6716880
This. The tether bubble is a non-issue.

>> No.6717032
File: 415 KB, 220x217, tenor.gif [View same] [iqdb] [saucenao] [google] [report]
6717032

>they're falling for this tether FUD faggotry

>> No.6717109

These tether threads are filled with either fucking retards who turn a blind eye to tether's bullshit or conspiracy theorists who think it's going to end crypto.

>> No.6717126

Bitfinex makes 80 mill a day in trading fees. Is it so unreasonable that they are saving these fees and just buying dips using the platform they created?

>> No.6717143

>>6716966

http://www.businessinsider.com/bitstamp-ceo-nejc-kodric-surge-new-signs-ups-scaling-platforms-closed-2018-1/?IR=T

http://www.cbc.ca/beta/news/canada/british-columbia/cryptocurrency-einstein-investments-canada-bitcoin-ripple-1.4483471

https://news.bitcoin.com/overwhelmed-cryptocurrency-exchanges-hiring-staff-hundreds/

https://www.express.co.uk/finance/city/904104/bitcoin-cryptocurrency-ripple-usd-warren-buffett-binance-ethereum-stellar

Should I go on?

>> No.6717187

>>6716972
Mt. Gox coins = reserves.

>> No.6717219

>>6717143
what are you trying to prove?

>> No.6717299

>>6717219
"and there will be no more fresh meat to pump real currency into it."

>> No.6717311

Guys, what if there were just a lot of rich people buying the dip? Is that such an unreasonable scenario?

>> No.6717378

>>6716089
>Plus one of the bitfinex insiders removed their warrant canary in twitter last december
it's obvious bitcoin exchanges are being coerced into cooperating by government officials

>> No.6717415

>>6715162
How else is it supposed to maintain it's value at $1??

>> No.6717428

>>6717299
those articles are a week old.

>> No.6717450
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6717450

Eat shit, plebbitors.

>> No.6717471

>>6717219
>>6717219
money is pouring into the markets which is why tether is being issued you are all being being fudded/concern trolled by no coiner wage cucks in their shit stained underwear or paid shills

>> No.6717487

crypto market grows
>omg tether amiright

somehow this is all bitcoin's fault

>> No.6717510

>>6716057
If you mean bye bye to 18k, yes.
FUDS will eat their own shit in 10 days.

>> No.6717519

>>6717471
you're right, we shouldn't demand any evidence that this isn't counterfeit money. everyone carry on, nothing to see.

>> No.6717551

>>6717519
it's up to you to take the risk
there are plenty of services that don't use tether

>> No.6717574

>>6717471
if its pouring in, why has the price of btc been stoned at 11k for the last 3 days?

>> No.6717606

Can someone please explain how else USDT supposed to maintain it's 1-1 ratio without increasing supply...

>> No.6717608

>>6717574
money going into bitcoin = bitcoin goes into usdt

>> No.6717623

>>6717551
so... you think it would only affect those services that accept tether..? *breathes in*


AHHHHHHHHHHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHHAHAHAHHAHAHA

>> No.6717631

>>6717519
tether presented at north american blockchain conference yesterday, answered all questions, announced partnership with blockV. The tether fud is old news google bitfinex'd then go fuck yourself

>> No.6717661

>>6717606
Exactly

>> No.6717670
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6717670

The 24h volume keeps going down doesn't that mean that there's less money going into all coins including tether?

>> No.6717742

>>6717623
never said that faggot

but this is crypto and I'm not going to let one business affect my decision to be a part of it
you have no proof anything wrong is going on anyways so why should anyone believe the fud

if parity wallet the DAO and vitalik endorsing child porn didn't kill eth one bank isn't going to kill crypto

>> No.6717862

>>6717608
THEN WHY CAN'T YOU JUST EXCHANGE USDT FOR USD, ARE YOU GUYS THIS STUPID?

ANSWER this fucking question. How thick can you be?

It's so fucking obvious tether is a scam.

>> No.6717976

>>6717862
check CMC, you can

>> No.6718131

>>6717109
Say Tether really is a fraud that prints USDT with no backing. How does this unwind? Does it even really matter?

>> No.6718185

>>6715162
How is this different to the Federal Reserve, exactly?

>> No.6718193

>>6717742
i can't believe this amount of delusion exists. i'm not saying tether IS fraudulent, but IF IT WERE, be prepared for crypto to lose 90% of its value in a matter of days. there's nothing you can do to stop it at this point, except cash out.

>> No.6718227

>tfw hodling 50k tether

>> No.6718402

>>6718185
the fed has the largest army in the history of the planet making sure everone plays nice

>> No.6718441

>>6715162
*pumps your bags*
ty based tether

>> No.6718500

>>6718441
sup dude, thanks for posting your indicators the other day. been successfully daytrading BTC/USDT ever since

>> No.6718552

Even if Tether has $2 billion in the bank to back its printing, it's still utterly shameless market manipulation.

>> No.6718609

>>6718131
Hard to say but it is alarming that they are printing so much tether so quickly. If bitfinex can't or won't honor those tethers they could be fucked. But dyor and u will find tether isn't under US jurisdiction and US citizens can't own it but the majority of tether owners are US citizens.

>> No.6718647
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6718647

>> No.6718926

>>6716054
The FED isn't chucking 5% to 10% of the total money supply in bills every day. You guys would be rioting in the streets if this was happening, but somehow everyone is fine about this shit.

>> No.6718988

>>6718647
looking past all that bs on there, and reluctant to say the deadcatmeme, it sure does look like it's a text book peak of dead cat bounce right now.

>> No.6719056
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6719056

>>6718227

>> No.6719200

>>6716541
Indeed

>> No.6719221

>>6717311
They'd be stupid to buy now. They're waiting for $1k.

>> No.6719233
File: 17 KB, 540x405, 45704371-dda1-4df5-99dd-356de42e43f8.jpg [View same] [iqdb] [saucenao] [google] [report]
6719233

Okay, so slightly /dumb/ here. Tether should have fiat reserves to back up the USDT because if we have a small bank run situation the whole crypto market will collapse. Are people saying that this doesn't matter because...?

>> No.6719246

>>6718185

Enough with these fed comparisons. People started this whole thing to escape the fed, not replace it with a sketchier one.

>> No.6719258

>>6718552
they dont though, the biggest holder of tethers is bitfinex, and they printed 850mil in 21 days. I really dont think they have the money to back that up, its like a fractional reserve for cryptos.

>> No.6719263

>>6716880
Usdt backed by crypto
>not a problem
Nice pic retard

>> No.6719283

>>6719233
...because Tether doesn't let you cash out directly anyway so it doesn't matter since no bank run is possible, I suppose.

>> No.6719300

every time tether prints I buy more btc

>> No.6719336

>>6719258
They have been audited, most recently as of 9/15/17 by Friedman. Friedman is a top reputable auditor (I work on wallst). All audits have revealed that they have had 1:1 reserves. There is no reason to believe that they have deviated from this, aside from blind conjecture.

>> No.6719371

>>6715162

Is this really that big a problem? 2 billion out of a 600-800 billion dollar market? In less than a year, MakerDao will have upgraded their Dai stablecoin with a higher cap on issued Dai.

>> No.6719390

>>6719336
has there been a recent audit? Cause i only started to question it in the last 2 months cause of the crazy amounts.

>> No.6719398
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6719398

>>6719283
I've heard conflicting reports, but a lot of people are repeating what you've said - you can't redeem USDT for USD. But isn't that what it's purpose is? Also, I'm thinking if for some reason a lot of people want to get out of the market, they convert their coins to tether and then convert the USD. If there's no USD then the exchanges become insolvent and folks are left with nothing. Sorry for being repetitive; I'm trying to understand.

>> No.6719439
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6719439

>>6719336
Sauce? And haven't they printed out millions of tether since then? Where is this USD coming from?

>> No.6719441

>>6719300
It's like the easiest 10% gains of my life

Just watch FOMObot on twitter, the second he posts just buy and sell 10% later. Shit is like a free money machine.

>> No.6719458

>>6719336
Uh yeah nice audit
https://medium.com/@bitfinexed/the-so-called-tether-audit-that-isnt-an-audit-at-all-5a40cfcc2a75

>> No.6719477

>>6719336
fuck off Friedman

>> No.6719506

>>6719336
from the tether website

>These consulting services do not constitute an audit or attestation engagement, which would include a significantly expanded scope of procedures and take substantially more time to complete.

>These consulting services do not constitute an audit

>> No.6719513

>>6716880
It's USDT not CryptoT
They are supposed to, you know, have USD Tethered to it.
The whole point is that they have enough USD in the bank to back up their Tethers.
Instead it isn't backed by jack shit except the bitcoins it is claiming to be a safe haven from.

>> No.6719524

>>6715682
lmao "keep the price down"

Go away. seriously it's ONLY a base market. Do you know what arbitrage is? When did you start trading crypto? Last week?

>> No.6719540

>>6715939
have you read even a single sentence on the tether website

>> No.6719569

>>6719371
>Is this really that big a problem? 2 billion out of a 600-800 billion dollar market?
It will become shortly if they keep printing tethers at this rate.

Also don't be fooled by market caps. There isn't a set amount of cash you need before you swing the market through wash trading. They will keep doing this until they pump BTC to where they want.

>> No.6719621

What happens to USDT if BTC goes to $1k if it's truly 'backed' by Bitcoin like the shills say?

>> No.6719672

$500 giveaway soon boyz. don't have to participate, just be in it to win it.
Discord dot gg /QaXkMFs

>> No.6719678

>>6716169
This. There are never any Tethers printed when it's pumping. But don't worry, nothing to see here, move along

>> No.6719711

>>6719621
Bitfinex and tether go insolvent and bringing the whole market down with them. The only only other option is they keep pumping it and them pull an exit scam, destroying everything as well.

>> No.6719810

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

Tether information spreadsheet
https://docs.google.com/spreadsheets/d/e/2PACX-1vTAeeZ0grT85UJ2ilerQhNVA4cr0_IMo9HsOmefjeWGIxwOqXeKyMoetBO8T2W_z-4pxwj57XfccpAl/pubhtml

>> No.6719858

>>6718988
So does every single ATH this year.
Not to say this isnt a dead cat bounce, but we're so desensitized to these "bounces" because we've seen so many that _haven't_ crashed

>> No.6719907

>>6719258
>biggest holder of tethers is bitfinex
Not true at all. The biggest holders are currently Bittrex and Binance, look at the rich list.

>> No.6720050

>>6718193
>but IF IT WERE, be prepared for crypto to lose 90% of its value in a matter of days
Surely you are overreacting. I can see -50% but -90%? Lol thats like $100 ETH, every fucking retard and his mom would jump on that thing.

Because lets be real here, ETH will probably be here for quite a while. I'm going to buy the fuck out of that dip and be Hugh Hefner once staking comes out.

>> No.6720127

the tether pump is real right now

>> No.6720492
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6720492

>>6720127

>> No.6720548
File: 6 KB, 300x168, ed7.jpg [View same] [iqdb] [saucenao] [google] [report]
6720548

So... this Tether power...
Not bad...

>> No.6720769

So the only thing keeping me from believing the FUD is the binance CEO being calm about Tether in his interview.

Lets say these cheeky Bitfinex Tether fuckers dont really have USD to back up Tether. Whats stopping every exchange that uses Tether (Binance, Bittrex, Kraken etc) from pooling enough money to save Bitfinex's ass?

After all if Tether goes boom, they are all fucked too. Doesnt this make sense?

>> No.6720824

>>6715162
yikes
stopping reminding me and lets stop giving this attention

Energy flows where attention goes. If we just ignore it, maybe we can prevent it from destroying the market and it will kind of be the black sheep of the cryptoworld where everyone agrees it's bad but we cant really do anything about it.

>> No.6720912

>>6720824
This is the reason shit crashes. The longer you wait, the bigger the fall. That's why bitcoin exists, to stop shit like this from happening and now, because everyone got greedy, we're in the same goddamn position again.

USD isn't backed by gold, USDT isn't backed by USD.

You can fool the people some of the time...

>> No.6720988

>>6720769
This is keeping me calm too, he is based. Also with all the current shit going on in the U.S. gov't do they really give a shit about 2 maybe fraudulent dollars right now? With the official shutdown now underway it doesn't seem like it

>> No.6721055

>>6720824
so basically we go for years and years printing counterfeit money and getting rich, while everyone on the sidelines watches in awe at how awesome crypto must be.

sounds great. lets do it.

>> No.6721102

>>6719858
i think thats the way its going to go down though.

OGs are going to hold, cause theyre still madly up and believe in it. neebs are going to panic sell instantly. when it drops 20%, some will buy in, then nothing will happen to the price again for a while. rinse and repeat.

this whole thing over the past month or so is fueled only by newfags jumping in. when that 'fad' ends, there's no more going up. that's whats starting to happen now. unless something amazing happens or it gets plastered all over mainstream media again [nope], its going to be a series of dead cats.

>> No.6721308

>>6716880
Ahhhh,... money laundering at it's finest.

>> No.6721352

>>6715162

You guys have a problem with tether but i'm sure you are secure in using the American dollar. They are actually the same thing.

If people are willing to trade BTC for USDT then that USDT has value regardless of where that USDT comes from (printed out of thin air central bank style)

>> No.6721811

>>6721352
it doesnt matter if its fiat or not. everyone uses usd. its stable, predictable, universal.

crypto is the opposite.

>> No.6722081

>>6717032
and its fucking beautiful, the fomo will be like we've never seen before

>> No.6722812

>>6715162
Ever heard of sovereign wealth funds? It's really not a lot of money.

>> No.6722848

>>6721352
That's not how it works at all. Jesus fucking christ I hate how the crypto community is 90% libertarian retards.

>>
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