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/biz/ - Business & Finance

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7346394 No.7346394 [Reply] [Original]

SAVE US

OH GREAT BITFINEX OVERLORDS

PLEASE

DO IT

JUST HIT THAT BUTTON

>> No.7346472

No demand for Tether anymore people want cold hard cash and out of this shitshow, fuck tax implications it's an every man for themselves race to the exit.

>> No.7346523
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7346523

>>7346394
They already cashed out, dumbass. They're not printing anymore because they're waiting to buy back in.

>> No.7346642

>>7346394
They literally can't. Thanks to all the FUD noone is pushing demand up like they ussually do. They can only print Tether when the price is like $1.02+ to bring it back to $1.

>> No.7346723

How do they remove the tether that no one wants? Do they keep it in reserve or remove from circulation?

>> No.7346793
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7346793

>>7346472

FUCK YOU

Do you not realize you're contributing toward the panic? Fuck, calm down. You're not helping

>> No.7346842

>>7346793
Why do you think we wouldn't want a crash? Anyone with a brain cashed out weeks ago

>> No.7346989

>>7346642
Not how it works, it depends on the Bid price Tether holders are offering for crypto. When you *are* the magic printer you can Bid in Tether at above market rates because the value of Tether is nothing to you. If Tether represents actual value to you because you exchanged assets into it, then you can't afford to do that.
>Print new Tether (out of thin air)
>Place bids for Bitcoin & Crypto with new Tether at above market value
>Pump crypto prices
>Dump purchased coins to fiat