/biz/ - Business & Finance

>>13459991
That‘s bullish as hell

>>13460026
It really isn't. Crypto is a Wild West mess. No stability, barely any adherence to law. No one wants to put money in anything like that until something has real stability and government support, that's just how it is.

>>13460078
You do know it was a fiat bank that fucked up and forced finex to take tether resources ?

Normies have no clue what Bitfinex is.

>>13459991
>we're no strangers to FUD
>you know the shills and so do I (so do I)

>>13460084
Absolutely incorrect. What does that even mean?

>>13460026
I'm amazed the shill, fud, and brap posters here have carried on over the past few days as if nothing happened.
Don't you realize two of the last remaining pillars of crypto respectability are collapsing before your eyes?

>>13459991
>faggot early adopter

>>13460167
cope
everyone knew bitfinex was fraudulent and insolvent by mid-2017
the market has priced in normalfag retardation. sorry you fell for the tether fud meme isn't a meme and everything is going to collapse now meme, but we're not going down further and that short of yours might get liq any moment. best take your losses and wait for the mtgox dump

>>13459991
even with all the scamming and ponzi shit going on its still more fair than the fiat ponzi scheme.

>>13459991
>normies
>hacker news
step outside the door for once and get a reality check

>>13460803
>>normies
>>hacker news
>step outside the door for once and get a reality check
If HN types aren't real normies, yet even they're bearish on crypto, that's even worse.

>>13461161
They will fomo in just like the others

>>13460118
beauty

>>13461161
HN faggots are permabears on everything and suffer from Dunning Kruger despite never creating anything of value themselves.

>>13459991
You are so fucking clueless

>>13461161
its literally the echochamber equivalent of /biz/ for SF techbros VC's driving to starbucks in a Model 3 to open this website first on their MBP up on arrival

>>13460710
I honestly doubt that the market is intelligent enough to price in a collapse of Bitfinex and Tether, strooongly doubt it.
If they were counting on a collapse, then why is 80 % + of the trading volume in Tether?
Doesn't make sense...

You're right about Mt.Gox dump too, that could cause a true dump...
I don't think it looks bullish in any way at all in the short-medium turn, the market is too retarded and fueled by hopium.

75 % crash from here would not surprise me one bit, I almost expect it.
Only institutional FOMO or some big systemic collapse could cause bullish sentiment in crypto right now and that is highly unlikely, we're not going to get an ETF when the market has so many unregulated exchanges and actors like Tether, anyone believing otherwise are delusional.

Bitfinex price is extremely bullish right now. Looks like people dont care about the Tether fud at all and they're buying up even more bitcoins. We'll be at 10k in no time

>>13461923
Lol, I hope you're being sarcastic.
The Bitfinex spread means people are panicing to withdraw their funds from Bitfinex, that's why they're willing to pay a 6 % premium over other exchanges...

>>13461953
literally this

>>13461874
Don't reply straight away, actually think about it for a second:
In what way would a bitfinex/tether collapse be bad for the market? Why would that dump the market? It wouldn't.

OP, why would anyone with no interest in crypto try to spread fud and hope for collapse? Dont you have stocks to trade?

oh wait, you probably just got done watching the big short movie, and have a heavy leveraged short position

>>13461993
Because removing Tether would remove liquidity + $3 Billion (Or at least $0.85B, depending on how much they've been priting IF they have been printing) of believed USD removed from the market + IF Tether printed to prop up the price, crypto market is FUCKED.

Bitfinex going down would be bad, but not as bad.

Both together = lost confidence, scare away institutional investors, forget ETF, etc...

Only a retard smoking hopium could believe anything else.

>>13462103
And NO $3B will not just "remove" $3B from the market.
If you guys remember that $100M shot up the price 20% about a month ago, the imagine that in reverse.
The slippage in crypto markets are high as fuck.

>>13462103
If tether starts to collapse that money flows into BTC. Outside of aggressive regulatory action (and even then I'm not sure) it doesn't seem like bitfinex will ever shut down, they just keep coming back. I could see a situation where other exchanges would organise a bailout if it came down to it. They're too big to fail.

goldmans is propping up tether

>>13462185
>too big to fail
Kek

>>13462185
>They're too big to fail.
Yeah I bet the tax payers will bail them out

>>13460167
>tether
>respectability
l0l fucking newfag

>>13461953
this. also if you've noticed we had the lowest btc-usdt volume yesterday since 6k. On bittrex, usdt volume fell sharply and usd volume increased dramatically. people are cashing out and not buying anymore.

>>13460078
Old fag here , I remember the exact same comments about the internet.
When the internet first became popular we had 2 years straight of hacker movies showing how everything was going to implode for digital users .
You are wrong and a faggot.

>>13462263

creates a potential situation for a pop upwards from shorts getting squeezed and the sidelined USD that exited fomoing back in creating a bigger push up

>>13460710
>short
>losses
hahahahahahahahahahhahahahahahahahaha

Load ze tether fud
E sold?
Pomp eet

>>13461993
imagine you buy a shitcoin and there's lots of liquidity so you can always cash out with minimal losses if necessary because the order book is tight. now imagine liquidity disappeared and to sell all your stack you'd have to take a 30% lose. now imagine everybody who has a bag saw that. it won't take much for fear and to spread and crash the price as people panic sell before liquidity vanishes completely.

>>13462286
yes, because we all loved the bart market at 6k

>>13459991
The reaction to the 2008 recession from normies in MSM was devastating.
This incident confirmed, for those few still in doubt, that this space is nothing but ponzi schemes, pyramid schemes, and exit scams propped up by empty hype and fake volume.
The real mystery is why global economy hasn't collapsed yet.

Because people are greedy, dummy. They'll come back sooner or later

>>13462217
>>13462232
It doesn't make sense to me but the big players seem determined to keep finex running. I guess they're all holding shares or something.

>>13462305
Why would liquidity vanish completely? You're all making this jump from lack of tether liquidity to market collapse, ignoring the steps in between. If people sell tether, guess what they're buying?

>>13462305
USDT is not a good liquidity pool you mong. It is a bearish liquidity pool that users "sit on the sidelines" in waiting to buy in lower.
It used to be used as a stable coin for people that literally cannot cash out so they can dump BTC.
Now you have tons of options that everyone who knows even a small amount about crypto should have migrated over to ages ago.

All tether's collapse will cause is the brainlets still in it will have to pay a premium for real digital goods, the trading volume and your precious liquidity will transfer overnight to other stable coins.

>>13461874
>institutional FOMO
Wew lad

>>13459991
weak fud 1/10 kys

mfw newfags are really panicking over tether fud

If the bears want to send this lower they need to do so ASAP, like in the next few days. The tether/bitfinex news was supposed to kick off the next major bear wave, and instead all we have seen is a 200 dollar down move, while leveraged longs tanked and leveraged shorts spiked. The price is holding above the 50ema and 200ema and the 50 just crossed above the 200. If the price continues to hold above the EMA cross, the 50 will start to pull away from the 200 and act as support. There is blood in the water. If the bears fail to deliver the death blow it makes BTC much stronger, as market participants will start to ask themselves, if this news couldn't send the price lower, what will?

>>13462185
Yes, it does in the short term, then it crashes HARD.
Just like in October - November.
First shooting up several hundred dollas, then crashing 2 - 3 thousand dollars.

You're a fool if you think that people who're forced to sell USDT for BTC will keep holding BTC, there's a reason they hold USDT instead of BTC to begin with.

>>13463368
What is the reason to hold USDT other than one plans on buying crypto? It can't be used as cash and it doesn't pay a yield

>>13463403
Can't deal with brainlets on this fucking board t b h, good luck fren, I'm sure you're investments will work out fine.

USDT imploding is good for BTC! :)

>>13463457
Why didn't you answer the question?

>>13462283
comparing crypto to the internet

how deluded are you?

fag

>>13460084
lol what

>>13460078
this

Buy signal

Obviously fud emerges after a rally, so motherfucking short-sellers and bears can profit from betting against the market

>>13463674
Not deluded at all, the removal of Banks from the financial system and immutable blockchain based agreements for every aspect of your life might actually have more impact than the internet.
There is a reason this shit all went through a massive speculative bubble in 17, and it was not because of your faggotry.

thank you based retards for the easy arb
be sure to suck bitfinex'd cock real good for me

>>13460167
>Don't you realize two of the last remaining pillars of crypto respectability are collapsing before your eyes?
For the 5th time?
Yes

>>13463368
How about USDC or TUSD?

>>13463607
Too low IQ, you're right.
BTC will go up with Tether implodes.

>>13463914
Every alternative stable coin will probably trade at a pretty large premium if Tether implodes.
Maybe even towards 15 - 30 % during short periods.

>>13460026
Once Xrp drops below 27cents and Eth below 150, know that you are in for losses like it’s 2018 all over again

•̀.̫•́

>>13459991
Explanations:
>>13462552

What this means:
>>13464108

This is unironically the most based thing to watch for everyone in this thread

https://www.youtube.com/watch?v=vdqr-90Ex2w&list=UUWvcUVaV_EOm66KCxonhsqA

>>13464800
And this if you want to go full down the rabbit hole
http://archive.is/lk1lH

It wasn't the silk road collapsing, it wasn't MtGox, it wasn't any of the other scams like the Dao, it was what amounts to a minor fuckup which devalues tethers by a couple percent??? Doubt it. You obviously haven't been in the game long.

>>13459991
Nice try faketoshi.

Your stupid FUD did nothing to the market, happy now?

What a loser really lol

>>13459991
>The real mystery is why Tether hasn't collapsed yet.
It's only a mystery to delusional faggots who bought into the FUD and don't understand what's going on

>>13463009
You also just described a perfect bull trap.
Golden cross happened 2x in 2015

>>13460078
>government support
such leftist faggotry ((you)). go back to ars retardica

>>13461161
HN is the singularity within stackexchange