/biz/ - Business & Finance

>>26228658
hey i said i sold at $6.50, how many people held their UNI from then until now? but yeah i wish i didn’t know about it until now because im a less stupid trader now (about a full year actively in crypto)

Dumb money is always good for smart traders.

>>25928789
if it makes you feel any better, i didnt sell my options a couple days ago for an easy 10x since Jan 1. Now I’m down to only a 3x :(

I should have sold when I saw the "And just like that, bitcoin will never go down again" thread

>>25835828
that was my first time seeing biz euphoria. i wont miss selling next time. thinking btc will dead cat bounce up to $35k?

>>25763518
im confused, i read the 15th is just the deadline for tether to submit documents proving they didn’t prop up bitfinex with unbacked funny money in 2019. is that it? so if they don’t submit any documents by then, it just means they did something shady, and are probably engaging in an illegal (?) version of fractional reserve lending, right?

i would think that might cause tether to be worth a lot less than a dollar pretty quickly, but i cant see it crashing to zero because people would just buy the tether dip in hopes that tether fixes their shit and maybe transitions to something a bit more transparent. the value of tether wouldn’t pull a YAM though.

i wonder exactly what might haopen though... in the short term i think he’s right, people would sell their tether for btc (and other cryptos), driving up the price of everything for a little while. then a small dump as more and more people find out the tether news and lose some faith in crypto. then biz and institutions will buy the dip because tether is just one crypto and even if they were propping up the price that doesnt change the fact that institutions have been buying in too.

and who would be scooping up the most free tether? tether the company would of course. they probably hold a massive amount of USD and any USDT they buy back at 20c on the dollar is USDT they no longer have to be able to redeem for $1 per tether. once people realize this tether would spike to nearly a dollar again, and eventually tether would complete a REAL audit and be at $1 again.

tether is a scam, but i think when the jig is up they can just go legit without too much damage to themselves or the market.

>>25723991
You will never have a bully waifu
>>25723991
Unfortunately, I don’t have that one but some Satania poster probably has it
>>25724034
Big tech going balls deep into censorship, even blocking sitting president from their platforms. Only a matter of time before they succeed against 4chan.
>>25724058
Yes.>>25724073
I know that feel. I know that feel very well.