/biz/ - Business & Finance

>>14928462
Its a widespread exchange ponzi scheme, binance and others are working with bitfinex to keep everything afloat. You can’t short tether.
>>14928469
>so they're inflating the cost of BTC with tether?
Precisely, they create more unbacked tether with a mere keystroke, buy BTC with said tether and then re sell at the top, all the while turning on bots to wash trade creating fake volume which leads to retail investor buys, thus pumping to a predetermined top and selling that top. BTC then drops after the tether bots stop buying with their created tether. Rinse and repeat by creating more tether to buy more btc at the new fake bottom.
>how do we take advantage of this?
Literally just open up leveraged shorts/longs on MEX mirroring tethers mcap. You might get caught off a few times but overall youll be in profit
(((Market Makers))) know this so they just follow tether, where tether goes, BTC follows.
Long term bitfinex will be in big shit for this, once tether dies btc will drop off a cliff, most likely around 1k

ITS JUST A COINCIDENCE LOL! TETHER HAS ABSOLUTELY
N O T H I N G
O
T
H
I
N
G
TO DO WITH THIS PUMP!

>>14324978
>>14324997
>>14324999
>>14325033
>>14325014
>>14325070
>>14325099
>>14325131
>>14325158
>>14325283
>>14325306
>>14325333
>>14326645
>>14326996
What these fairy dust crypto maximalist RETARDS won’t tell you is that their entire market relies upon electricity, PoW and tether poofs creating a “USD backed” currency out of thin air. I’ve done my research before buying fake currencies, and let me tell you this entire market is solely propped up by fake tether poofs of BILLIONS of unbacked tethers. Tether marketcap at bitcoin all time high = 1billion, tether marketcap now is 3.5billion. Hey crypto maximalists, answer this question, how does tether grow 2.5 billion in a bear market? If you look at the charts, tether mcap surges before btc pumps. Btc determines overall market trends and tether determines where BTC goes, the tether ponzi is ingenious actually, and tether admits its backed up by BTC and not a 1:1 backing.
>bitfinex “creates” tether out of nothing, literally a keystroke
>tether bots buy up BTC
>BTC price goes up
>bots slowly put the brakes on buys
>bot buys completely stop/stay at 1% power
>btc price stops climbing because the tether buys have stopped
>tether sells the new pump top
>btc market price drops
>rinse and repeat
The entire crypto market as a whole is a illusionary sham and the entire markst can be knocked out in a moment by dropping EMP bombs on miners.
Gold/silver is what you should be buying, 1 oz of gold and 100 oz of silver to make it.

An anon shared this information in another thread (>>14168185, >>14168329, >>14168771), but I'm reposting it so that everyone on /biz/ can see the argument for their own consideration.

If you >>14168529 (You) listen to these hacks you’ll get rekt, they’re blatant newfags who have done zero research into the USDT ponzi.
>>14168571 has zero reading comprehension and no idea how tether works, no you’re not trading 1 bitcoin for 1 bitcoin, you’re trading 1 bitcoin for .74 bitcoins, and the entire bitcoin price is only because of one thing, tether being created out of nothing buying BTC Heres how it works in a nutshell its pretty ingenious actually, kudos to bitfinex but they’ll make building jumpers out of the lot of you when you lose everything and this shit comes crashing down (as every ponzi does)
>bitfinex “creates” tether out of nothing, literally a keystroke
>tether bots buy up BTC
>BTC price goes up
>bots slowly put the brakes buys
>bot buys completely stop/stay at 1% power
>btc price stops climbing because the tether buys have stopped
>tether sells the new pump top
>btc market price drops
>rinse and repeat
Also, be aware bitfinex employs paid shills to stop tether fud, and anyone telling you tether fud is nothing is a newfag or actual paid shill
Pic related, its not a coincidence

>>14168480
>>14168571
If you >>14168529 listen to these hacks you’ll get rekt, they’re blatant newfags who have done zero research into the USDT ponzi.
>>14168571 has zero reading comprehension and no idea how tether works, no you’re not trading 1 bitcoin for 1 bitcoin, you’re trading 1 bitcoin for .74 bitcoins, and the entire bitcoin price is only because of one thing, tether being created out of nothing buying BTC Heres how it works in a nutshell its pretty ingenious actually, kudos to bitfinex but they’ll make building jumpers out of the lot of you when you lose everything and this shit comes crashing down (as every ponzi does)
>bitfinex “creates” tether out of nothing, literally a keystroke
>tether bots buy up BTC
>BTC price goes up
>bots slowly put the brakes buys
>bot buys completely stop/stay at 1% power
>btc price stops climbing because the tether buys have stopped
>tether sells the new pump top
>btc market price drops
>rinse and repeat
Also, be aware bitfinex employs paid shills to stop tether fud, and anyone telling you tether fud is nothing is a newfag or actual paid shill
Pic related, its not a coincidence

It isn’t real money entering the market, so the scammers will leave with any fiat you put in.