/biz/ - Business & Finance

>>26008122
Don't you find it interesting how tether stopped printing in January 10th, and right when it did so the price suddenly fell -25% for no reason?

>>25962256
"no"

the tether treasury has been quiet for the last 4 days
there's two outcomes here: either expect them to dump another 500 million into bitcoin tomorrow, or tether has been given orders to stop the printing and its all rapidly downhill from here

>>25913782

nothing to see here anon move on

We warned you but you looked away

We warned you.
You just didn't listen.

I have been researching this subject as of late and find it incredibly interesting.
Quick rundown for those not in the know:
>Bittfinex prints USDT that really doesn't hold the value of USD because is not backed by it.
>That means there is more USDT in existance than can be exchanged by real USD.
>Bittfinex tries to keep up the charade by creating subsidiaries as Tether Company that has a lot of difficulties to really directly exchange USDT for USD. Because they know only a small fraction of USDT could really be withdrawed.
>The important part is that since 2020 the increase in bitcoin price has been backed by tether printing

How you ask?

>Because exchanges accept it, if you buy BTC with USDT, the price increases as with any other asset because it is registered as being bought by the same value as if you did it with real USD.
>However, this price increase is backed by nothing really.

Well, it has been normal up until now, so why worry?

Imagine this:
>The moment BTC reaches higher price, if enough people want to take profits what happens then?

This will be a first because the last cycle BTC increase wasn't completely correlated to tether printing

>They will want to exchange the value added to BTC by the buys with USDT for USD.
>But this is not backed by anything
>What would happen is that exchanged don't have enough real USD for everyone who wants to tame profits
>Not enough liquidity

Have you ever seen what happens when a financial entity is not liquid?
Basically season 2 of Mr. Robot
Yeah, it's not pretty.

I have been researching this subject as of late and find it incredibly interesting.
Quick rundown for those not in the know:
>Bittfinex prints USDT that really doesn't hold the value of USD because is not backed by it.
>That means there is more USDT in existance than can be exchanged by real USD.
>Bittfinex tries to keep up the charade by creating subsidiaries as Tether Company that has a lot of difficulties to really directly exchange USDT for USD. Because they know only a small fraction of USDT could really be withdrawed.
>The important part is that since 2020 the increase in bitcoin price has been backed by tether printing

How you ask?

>Because exchanges accept it, if you buy BTC with USDT, the price increases as with any other asset because it is registered as being bought by the same value as if you did it with real USD.
>However, this price increase is backed by nothing really.

Well, it has been normal up until now, so why worry?

Imagine this:
>The moment BTC reaches higher price, if enough people want to take profits what happens then?

This will be a first because the last cycle BTC increase wasn't completely correlated to tether printing

>They will want to exchange the value added to BTC by the buys with USDT for USD.
>But this is not backed by anything
>What would happen is that exchanged don't have enough real USD for everyone who wants to tame profits
>Not enough liquidity

Have you ever seen what happens when a financial entity is not liquid?
Basically season 2 of Mr. Robot
Yeah, it's not pretty.

>>25202364
so which of the fancy lines is the tether market cap?

>>25018236
>new fag
you're not fitting in reddit

>>25018385
My claim is that when BTC rose, ETH rose with it but then it rose x10 more (the sats part) because people were seeking to re-experience what they missed out on by missing the bitcoin moon. This is a standard flow of risk during a definitive bull market, i.e capital seeking even more risky investments to earn as much as it can during the bull run. No one is seeking alts right now. This means that people are not actually thinking that this is a new moon else they'd be going for alts as well, like they were in 2017, what's actually happening here is money that is not the average investor -- tether, is what's causing the rise in price. Every single chart I've posted so far, from the zero interest in bitcoin by the general population even up to the tether chart itself proves it. Only deluded coping schizos deny this. You can't just draw your "btc breaks ath" arrow on a chart as obvious as this one. Because this is obviously nothing like 2017, which is my point.

>>25018458
>others said newfag therefor I'll join
Not fitting in either.