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/biz/ - Business & Finance

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8461222 No.8461222 [Reply] [Original]

https://twitter.com/Bitfinexed/status/976179019191410688

>> No.8461249

>>8461222

this guy is so butthurt that he sold so early. it takes a lot of salt to whine on crypto twitter as a life purpose

>> No.8461301

>>8461249

Besides, the tether hasn't been printed yet. It is a reaction to increase of price, not the cause

>> No.8461303
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8461303

>>8461249
... That spike though was not natural it never is natural. They are propping this shit coin up with fake money.

THIS WHOLE FUCKING THING IS GOING TO COME TUMBLING DOWN.

>> No.8461336
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8461336

>>8461301
> It is a reaction to increase of price, not the cause
So they had enough tether when bitcoin was 19k, but now bitcoin is almost 9k, they dont have enough tethers and needed more?

>> No.8461338

>>8461222
lmao at gdax

muh green dildo holy shit

>> No.8461346

>>8461303
The market just begins to understand that they won't get 6k btc ever again and fomo in for the next bullrun

>> No.8461364

>>8461303
>... That spike though was not natural it never is natural. They are propping this shit coin up with fake money.
It spiked on exchanges that don't even use usdt.

>> No.8461365

>>8461222
Lmao he is such a sad cunt

>> No.8461379

HAHHAHA STUPID AUTIST BTFO

Why complain about "fraud" if you can go long 50x on bitmex fucking autist fag

>> No.8461386

Tether fud starting up again?
Bullrun imminent.

>> No.8461407

>>8461336
Maybe those who tethered the last 3 months haven’t bought back yet
That’s a bullish signal

>> No.8461429
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8461429

>>8461364
>It spiked on exchanges that don't even use usdt.

Yeah, because of arbitrage bots........This whole thing is being inflated with USDT tether that are not even backed by anything.

THAT IS WHO THE WHALE IS..... THE MYTHICAL WHALE. IS TETHER

>> No.8461442

>>8461222
Wasn't that autist banned?

>> No.8461493

300m$ at once?
Holy shit, they are printing money faster than US gov.

>> No.8461495

>>8461222
Kek'd. Why would he be this mad? Did he sell low or something?

>> No.8461498

>>8461222
Christ you'd think the sad cunt would have given up after it was confirmed Tether had banks in Netherlands and Puerto Rico.

>> No.8461518

>>8461336
You know they've destroyed tether a lot of times since then right?

>> No.8461536
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8461536

>>8461495
What is the deal with the personal attacks. You act like tether is not going to bring this whole fucking thing crashing down. Everyone keeps saying that...... But clearly it is even worse and they are propping up Bitcoins retarded dead dysfunctional ass.

>> No.8461540

this makes me think that the pump from 8400 to 8800 was insider trading

>> No.8461564

>>8461336
The burned half of the tether in circulation since then.

>> No.8461695
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8461695

>>8461564
Just don't worry about the AUDIT either right?

Buffet was right. This thing is fucked give in like a year or something then put money into a real stock imho

>> No.8461731

This faggot just needs to get over being liquidated and move on like a man instead of being a cry baby

>> No.8461754

>>8461695
keks fully liquidated all my holdings mid december and went all in on NVDIA and Weed stocks. Never felt so fucking rich.

But thinking about buying into crypto again soon with some of my favorite alts being cheap af..might just wait after this tether pump though

>> No.8461808

>>8461754
https://www.strawpoll.me/15325663
https://www.strawpoll.me/15325663
https://www.strawpoll.me/15325663
https://www.strawpoll.me/15325663

>> No.8461831

>>8461222
The bigger the rise, the harder the fall.

>> No.8461851

>>8461754
For god's sake anon sell those Nvidia stocks asap they are way overvalued. The DOW is about to crash too.

>> No.8461900

>>8461540
Well obviously.
They don't even hide it, it's unregulated market after all. Funny how Coinbase is attacked with lawsuits for BCash while this shit goes unpunished.

>> No.8461954

>>8461851
Already sold lol, just holding weed stocks outside of usual ETFs and whatnot now. Probably going to buy some Facebook stock and move rest of fiat into quadriga to enter when BTC looking nice again.

>> No.8462031

How is tether going to crash BTC when there won't be a dollar in 6 months?

Retards.

>> No.8462085

PRINT THOSE FUCKING TETHERS. GET ALL THE PRINTING PRESSES GOING OVERTIME. I WANT TO SEE BTC 50k BY TOMORROW.

>> No.8462142

I'm rich again! Thank you Tether!

>> No.8462166

>>8461222

do people really believe that bitfinex doesn't have 2.5B?

they literally earn that every quarter

>> No.8462198
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8462198

THANK YOU BASED TETHER
WE ARE BACK
MAY THE GLORY OF THE PRINTING PRESS NEVER STOP SHINING ON US

>> No.8462363
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8462363

>>8462198
WHY DO THEY LET IT DIP IN THE FIRST PLACE THOUGH?

JUST MAKE EVERYONE TRILLIONAIRES BEFORE IT COLLAPSES.

>> No.8462431
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8462431

Brainlet here

Can someone explain why printing Tether inflates the price of Bitcoin?

>> No.8462443

>>8462431
Because you can buy Bitcoin with Tether

>> No.8462473

>>8462166
This lmao stupid

>> No.8462476

Wait a minute, if you endlessly print more fiat money you get inflation, but what happens if you just keep printing meme internet money?

>> No.8462479

Lets BTC price & volume is falling. You proint 300 million tethers and you buy 300 million dollars worth of BTC.....Really that simple. Its a ticking timebomb

>> No.8462489
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8462489

>>8461222
Fuck this salty piece of shit, I really hope someone caps him in the head. Biggest fucking FUDer on the internet and partly responsible for the February crash

>> No.8462493

>>8462431
Bitfinex buys bitcoin with newly printed tether which makes the price go up. Basically they can totally dictate the price of bitcoin.

>> No.8462544

>>8461754
>NVDIA and Weed stocks
>trying to avoid a crash by buying high in an even more inflated market
Holy kek I fucking love /biz/ logic

>> No.8462603
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8462603

>>8462493
So, if bitcoin goes down they lose money.

Shit really makes you think.

>> No.8462619
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8462619

aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaand we're back!

>> No.8462622

thank you based Tether

>> No.8462667

>>8462479

Memeflation

>> No.8462708

wow suddenly so many bitfinex shills
are you faggots paid with tether or you actually take only real money?

>> No.8462751

>>8461336
Makes sense to me. When BTC was 19K, bull market was in fullswing, most people weren't bothering with tether at all. Not that everyone and their mother tether's up at the slightest dip, we have a 9K BTC and the need for more tethers. What doesn't add up to you?

>> No.8462805

>>8462493
That and they don't have any cash reserves (fired their auditor, lol) so the tethers are literally worthless; as soon as anyone starts trying to sell their tethers this whole thing dies.

>> No.8462893

Tether isn’t backed by a bank. It’s a dark pool focused on selling to institutional investors.

It’s backed 1:1 with dollars provided by Saudi oil prince’s and rich Asians.

>> No.8462956

>>8461518
they have?
cmc isnt updated...

>> No.8463069

>>8462893
Yes, Saudi oil money is drawn like a magnet to scams targeting the American lower-middle class.

Keep dreaming.

>> No.8463092

>>8463069
yes, like flies to a magnet

>> No.8463112
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8463112

>>8462489

you're retarded sonny ...

Bitfinex recons they have at least time until June/July

https://www.coindesk.com/g20-calls-crypto-regulation-recommendations-july/

>> No.8463211

>>8462493
BitMEX are the market makers you moron

>> No.8463245

>>8463092
This isn't rocket surgery, people

>> No.8463375
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8463375

every time

>> No.8463397

>>8461222
he doesn't understand simple logic, hm?

>> No.8463432

>>8463397

what else would you buy with magic internet money - NIGGERCOIN?

>> No.8463437

>>8461954
facebook stock? are you fucking mentally deranged or what? lmao the zuck's been selling over a billion worth of stocks just this year alone. facebook is going down bromigo

>> No.8463442

>>8463375
Thank you Tepe.

>> No.8463745

>>8462476
nothing immediately, because the value of 1 tether is controlled to stay at 1$.

What can go wrong? Bitfinex need USD reserves need to pile up in order to defend the pegged exchange rate.

If it ever comes out that Bitfinex don't have USD to back up all this tether supply, tether will be worthless. Problem is, they've never allowed a single audit.

>> No.8463913

>>8463745
How could more tether increase the value of bitcoin though?

>> No.8463982

>>8461222
>tether buys your bitcoin and sells it again and charges the margin
>idiots think they hodl it like fucking morons

Tether makes it easier to exit and enter BTC and has strongly increased the volatility of the market. No BTC-->Alt-->BTC but BTC--->Tether-->BTC.

tldr; tether does not actually increase the number of dollars in BTC

>> No.8464007

>>8461249

He's paid to twitter

>> No.8464086

>>8463913
It decreases value of usd

>> No.8464089

>>8463913
Use the created tether to buy, btc

>> No.8464179

>>8463913

It's used to buy bitcoin in massive quantities.

http://www.tetherreport.com

>> No.8464225
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8464225

Does anybody remember me?
https://en.wikipedia.org/wiki/Liberty_Reserve

Don't I sound like someone who just printed $300M USDT?

WIll they end up the same way I did?

>> No.8464684

>>8461695
There will be no audit. SEC had 4 hearings on crypto and didn't even mention tether a single time. Not to mention it's not under their jurisdiction.
The brainlet is tweeting this shit for a year now and nothing is happening, except him getting saltier and saltier.

>> No.8464730

>>8464225
They didn't print money, just laundered it

>> No.8464839
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8464839

>Tether is the 2nd most traded crypto in the world.
>The men who own Bitfinex also own the company that prints Tethers.
>They just asspulled $300 million from nowhere.
nothing suspicious about this at alllllll

>> No.8465163

>>8464839
who cares idiot? SEC hasn't said jack shit about it, nor did the G20 summit. Tether is here to stay, and as long as they pump my fucking coins i don't give a shit. And these guys make a fucking killing, do you really think that they're insolvent?

>> No.8465196
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8465196

>>8464684

>> No.8465265

>>8464839
You think Bitfinex doesn't have $300 mil?

>> No.8465354

>>8465265
Definitely not 2 billion.

>> No.8465387

>>8465265
maybe in funny money.

>> No.8465436

tether demand likely went up after the spike to 9k from a shitton of people tethering up.

>> No.8465648

>>8465265
>You think Bitfinex doesn't have $300 mil?
You think Bitfinex will share their money with you if something goes wrong? You can track or seize Coinbase, Bitstamp and Kraken money. Bitfinex will just vanish because they already keep their money in offshore accounts under false identities.

>> No.8465728

>>8465354
2 billion is just a yearly revenue for them.

>> No.8465940 [DELETED] 

>>8461536
nothing will happen. Tether is king.
They may try to keep filthy burgers and their stupid laws from using it, but that's about it.
Bitfinexed is a salty bitch and I enjoy watching his mental gymnastic. Fuck that loser

>> No.8465983

>>8464684
this.
bitfinexed is a salty bitch on some retarded imaginary mission.

>> No.8466114

>>8464839
So if tether gets 300mil in quiet investors. Then use that to buy shitloads of buttcoin triggering a fomo in from a few thousand people then dump it hard and return initial investment and a few million more worth of buttcoins to cash out. Rinse and repeat. I dont really see how this is an issue can you?

>> No.8466206

Hang on hang on....are a lot of people bringing btc to then buing tether....and then just hiding out in tether. I dont get how tether is pegged. I meam say i bring 100k btc and buy tether how does that not push price up of tether.

>> No.8466492

>>8466206
Tether is pegged to USD, not BTC. If you use Tether to buy BTC, obviously BTC price in terms of Tether rises. Since Tether is pegged to USD, this means BTC rises in terms of actual fiat as well

>> No.8466730

>>8461249
s-shut up
he has a meaningful life youre jealous

>> No.8467761

>>8461754

Which weed stocks are you investing in?

>> No.8467792
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8467792

>>8461222
>print 300,000,000 Tezer, zen puuuump it

>> No.8467897

>>8463913
Think of Tether as QE for crypto. Bitfinex prints money and then buys BTC with it.

>> No.8468609
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8468609

>le tether FUD
For every tether, there is a dollar you dumb niggers

>> No.8468675

>>8461364
>what is arbitrage?

>> No.8468695

>>8461222
SHUT IT DOWN THE GOYIM KNOW

>> No.8468771

>>8461429
THIS. That’s why I’m in EOS, it’s the same people and they will give us a shot at a huge run at least once.

>> No.8468794

Kek hes still fuding I can't wait until we moon hard

>> No.8468823

>>8468609
how do you know?

>> No.8468912

>>8463211
I think they’re all the same people

>> No.8468961

>>8466206
That’s the whole point. It’s made to be stable to control the market while things swing up and down. Tether is the worst thing in the market unless you hold Tether or you’re a whale and most of the time it’s the same people.

>> No.8469009

>>8461336

>doesn't understand tether
>still posts in thread

cool meme though

>> No.8469099
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8469099

friendly reminder that printing of those tethers proves that this is a bull trap. we have bottom yet to see in the coming days/weeks.
last time that tether was printed we were in middle of similar bull trap, which collapsed 50% in few days just after those tethers was printed.

>> No.8469164

>>8469099
Proves the first sell off has finally ended, and people want to buy buttcoins again

>> No.8469631

>exchange making billions off of transaction fees is at risk of defaulting on $300M ious that it essentially uses to generate more transaction fees

Look tether would probably never pass a real audit but that doesn't make it a pajeet scam. It just gives the market more liquidity, which it desperately needs.

>> No.8469744

>>8469631
>It just gives the market more liquidity,
This liquidity, or interest in buying BTC maybe wasn't really there to begin with.
So in that sense the whole construction with Tether could really be inflating the price.

>> No.8469773

>>8469744
Potentially, but not by nearly as much as people are screaming about. No doubt tether will inevitably crash, the question is whether or not we will be at $100k when it does and Bitfinexed looks like a idiot.

>> No.8470671

>>8461429
I always just figured they had to print more
because of token burn and adjusted the circulating supply to account for X% of
buttcorns being cached out after many other
bitcorns were purchased over a given time.
Thank you for the informative post anon

>> No.8471490

>>8470671
>bitcorns

lol

>> No.8471531

>>8471490
Shut the fuck up Rebecca

>> No.8471796
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8471796

>>8469164
doesn't look good

>> No.8471985
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8471985

>>8461303
MORONS why didn't you care about the fact that people could buy money with second life linden dollars back in the day. They had NO value.

>> No.8472010

>>8461336
You do realize that they have to create/destroy tether in order to keep a 1:1 ratio with the dollar?

>> No.8472036

>prints $300 million USDT
>BTC struggles to go up even $200 in response
Uh oh.

>> No.8472055

>>8471985
Not everyone is an obese shit lord who plays fucking video games

>> No.8472129

>>8461222
Tether > US dollar.
Debate me.

>> No.8472234

>>8472036
Ruh roh.

>> No.8472236

>>8462493
>>8462603
Yes, because Bitfinex loves to raise the price of Bitcoin so that other exchanges can sell it for real dollars and get rich while they lose money. What a perfect scam.

>> No.8472254

>>8472036
Its is the end of the credit cycle when everyone realizes everyone else pulled their money out and only tethers remain.

>> No.8472278

>>8472236
They make the same amount in trading fees whether they are trading USD or tethers.

>> No.8472303

>>8469099
>friendly reminder that printing of those tethers proves that this is a bull trap.
Friendly reminder that Bitcoin went from $1000 to where we are today after Tether was launched.

>> No.8472331
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8472331

>However, Tethers are not money and are not monetary instruments. They are also not stored value or currency. There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. We do not guarantee any right of redemption or exchange of Tethers by us for money.

https://hackernoon.com/the-curious-tale-of-tethers-6b0031eead87

mfw people actually fell for this obvious scam

>> No.8472407

>>8461222
>>8472331
mfw Bitfinex'd vs. Bitfinex will end up at the US Supreme Court... we will watch the Supreme Justices having heated debates about what is money, value, and currency.

>> No.8472434

>>8472331
The Tether owners are geniuses. They figured out how to print millions of dollars instantly. A pretty brilliant scam.

>> No.8472442

>>8472331
Then why the fuck woulf someone "Tether up" if Tether can't be exchanged 1:1 with dollarydoos?

>> No.8472484

Bitfinexd is a lying piece of shit scammer who tricked his retarded followers into donating btc at the ath for "muh court case costs". The court case never existed.

>> No.8472486

>>8472442
people don't read fine print

>> No.8472495

>>8471531
>Rebecca
Lmao its you again

>> No.8472881

Im real newb in crypto. can anyone, in a few sentences, sum up what is Thether and why people believe in it? For something to have value there must be demand and therefore there must be supply. What is it that Thether is supplying that the other mayor currencies cant do?
>inb4 Thether IS the greatest value swamp of all times since its backed by the USD

>> No.8472912

>>8472055
Kek. It was the easiest way to get BTC. Newfriends think tether is destroying crypto, but the truth is it doesn't have as much of an effect as linden dollars did.

>> No.8472920

>>8472881
>Thether is supplying that the other mayor currencies cant do?
Liquidity and stability. Tether is used by exchanges for arbitrage. It's easier and cheaper to transfer tether across exchanges than transferring bitcoin or US dollars. Exchanges use Tether to keep the prices of coins more or less in sync with each other.
Exchanges could be using Ripple too, the problem is that the value of Ripple is volatile, so they use Tether since it's pegged to the US dollar.

>> No.8472962

>>8472920
Ok so Tether is the safe haven for fund stability and BTC + Altcoins are here for growing that fund... So what are the problems with it?

>> No.8473371
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8473371

bump to 9050 ... and maintenence

makes no difference really as long there's exchanges with USDT

https://twitter.com/bitfinex/status/976390487774040064

>> No.8473943

>This thread
glad I left this reddit infested shithole for the last 4 months. Guess I'm going to leave again. See you in 2019

>> No.8474289

>>8461249
Not if its his job.

>> No.8474315

>>8461222
what butthurt faggot redditor runs this account?

>> No.8474499

>fiat is evil
>except when we do it

>> No.8474687

hahahahha shorter btfo

>> No.8474697
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8474697

>still fudding with tether
I swear to god you're the fucking worst.