/biz/ - Business & Finance

>>13462477
STIFF

I only have 200 dollars invested

>>13462477
hello dumb new fag

tether was in worse shape months ago, this is nothing new and is just jewish propaganda

zoom out.

>>13462497
>zoom out.
So... there is still space for BTC to drop back down to $100?

>>13462477
Is this your first rodeo kid?

>>13462477
Explanations here:
>>13461869
>>13462097
>>13462107
https://www.bloomberg.com/opinion/articles/2019-04-26/things-got-weird-for-stablecoin-tether

Yes it's on Bloomberg, but as mentioned, it quotes the AG who is quoting Bitfinex THEMSELVES.

>>13462477
what's the problem? what tether shit? you mean the 800 million$ that are seized? that's literally nothing and the only impact it has is a few people that are temporarily scared, everything will be normal again in a few days

So what if Tether is insolvent. You still have btc

>>13462588
its jewish fud pushed by people like OP and this kike >>13462552

no one is scared. these discord tranny kikes are pushing this hard all over the internet right now. they are getting increasingly frustrated that its not crashing.

>>13462588
>that's literally nothing
Considering how shallow crypto exchange books are... pic related

>>13462477

You do realize your bank doesn't even have 10% of the money it owes in accounts right?

And that is the same retarded shit with fiat currencies, tether is fiat. If anything this is bullish for bitcoin.

>>13462477
because I accepted volatility when I bought

if you're putting in money you need over the next 12 months you're doing it wrong

>>13462477
Already priced in. Bitcoin has retraced the entire FUD dump on Bitfinex. Very bullish reaction

>>13462477
lol newfag

>>13462477
Because we've known about Tether wash trading and money laundering since 2017

>>13462497
>>13462527
>>13462588
>>13462615
>>13462625
>>13462641
>>13462643
Always do the opposite of /biz/

>>13462477

It's already priced in. Lurk more next time.

>>13462477
>>13462552
>>13462617
>>13462658
Take note of these discord tranny kike shills pushing fud

>>13462658
Keep shorting then. If anything this FUD has exposed the fact that the US dollar is the real ponzi, not Tether. Also shows how corrupt the NY AG is

>>13462625
>You do realize your bank doesn't even have 10% of the money it owes in accounts right?

You realize, that in Europe the EU has a deposit insurance of 100k per single person?
You realize that the amount of people with this much cash is quite low?
You realize that banks have higher equity than 2007?

>>13462493
this

>>13462493
lol this

let it burn

>>13462477
>Bitfinex is Mixed Up with Colombian Cocaine, Polish Media Reports
https://www.financemagnates.com/cryptocurrency/news/bitfinex-mixed-colombian-cocaine-polish-media-reports/

>>13462477
Sirs, I'm 100% crypto, no freak out sir, I am apart of new financial system wild west.

>>13462850
>absolute state of kike fud

go outside, get a job so you can invest more. dont sit staring at the charts all day, youll go insane

>>13462477

>BTC COULD LITERALLY DROP TO 1K OR LOWER SOON

So basically just another normal day in crypto

What’s tether??? Like for real what does it have to do with btc? Fuck tether

>>13462850
Sounds bullish to me

>>13462477

Tether fud always pops up when BTC gets bullish. It's just Jew tricks to get you to sell. Only time it worked was when the place was flooded with normans.

>>13462493
Basically this. I only have pocket money in crypto, it's a money i considered lost the moment i bought

lol newfag
tether will crash btc then btc will rise again
happened before will happen again

It's amusing how most of the Cryptocrowd can't grasp the implications this has. They are all about the $850m seized funds (which will not be returned as it is co-mingled with cartel money).
The missing $850 are just the tip of the iceberg my fellow /biz/raelis, this thing is gonna blow up in our faces.
Cryptoretards that only joined in 2017 can't see it, they haven't lived through what we seasoned people had to, they prefer denial, after all the price reacted nicely to the news right? LOL.

>>13463006
what channel are you working out of discord tranny?

>>13462994

I don't think anyone is disputing the idea that BTC will rise in the long run.
But shit like this can and most likely will bring it down hard in the short term and prolong the bear market.

>>13462477
The thing you don't realize is that the crypto volume is overwhelmingly fake. So what, tether got outed when everybody already knew it was a ponzi. It literally doesn't matter when 95+% of the volume is from these scammers and they obviously don't care or get scared -- and can still pump it back up through wash trades if some retails do get scared.

Crypto in 2019 is basically fake volume as a bait to naive retail "investors" who want to buy a lottery ticket and who couldn't care or much less understand any of this.

Its so silent in Crypto right now, makes me super stressed.
I probably liquidate all tonight and wait and rather loose Profit.

>>13463017
yeah. we know.
>most likely will
no. it actually 100% will.

>>13462497
>zoom out
Is this the "have sex" derogatory of crypto? You know I really want to be bullish too but you retarded permabull fags are making it really hard.

>>13462477
Don't matter to me, I'm holding Link. :)

>>13463014
Projecting this hard.

>>13463657
>1 post by this id

>Some guy named 'Merlin' on a private chat says BTC could drop to 1k

Seriously, fuck off new fags . Selling tether -> BTC will create a glorious green dildo like never seen before

>>13463706


bitcoin will initially spike but then dip as the price of tether reaches 0 and faith in exchanges reaches 0.

>>13463748
please kys discord tranny

>>13462477

Only absolute retards use Tether anyway

>hey, you guys who like that one technology which does away with underlying assets and puts you in control?
>we're going to introduce a security token based on FIAT we may or may not have

Brain problems

>>13463784

huh?

>tether collapses
>people market buy btc at any price just to get out of tether
>btc price triples overnight
>gbr is unironically here
Dont see a problem here mate. Bullish as fuck. Im currently in BTC, stop loss: none.

>>13462741

Wow, here's a reply as an award for being the biggest retard in this thread and that's saying something. Where does the EU get its money? Answer, it has none. All banks in the EU have around 1 euro to cover every million euro on their books. No exceptions. How then, when all money disappears in the entire eurozone, is the EU going to tax people to get that 100k per person? They can't pay anyone, there are no banks to pay people with.

In 2008, there was a 16 trillion USD bank bailout. Current day, the ECB prints trillions and buys stocks and other bullshit to prop up the markets. What do you think that does to inflation?

https://twitter.com/ecb/status/1105494215381913601?lang=en

OP is obviously a fucking newfag. I already lost 90%. You think 95% bothers me?

>>13462477
I literally only have 0.12 BTC, if it goes to 1k so be it, it's not like I have any actual large sums of money in crypto. And if you do, you're retarded. It's apparent as fuck this shit is just an inbred donkey show. Constant scams, relentless misuse of funds, and people like Craig Wright calling the shots. This whole place is a joke, I don't even know why I still browse /biz/, it's dead.

Binance must die.
t.winklevos twins

>>13462477
Who cares? It's too soon for a bull market to return and anybody with a couple brain cells is welcoming an opportunity to accumulate even more cheaply.

Stop being so impatient.

T. 20k in liquid capital waiting for a crash to buy more

>>13463934
This

>>13463856
This. For fucks sake Let the punishment be more severe. I WANT more pain. Let
my incel body and portfolio bleed more. If you aren’t masochistic and you’re on 4chan I just don’t know what the fuck to tell you

>>13462615
Stupid cunt, you missed the entire underlying point of this situation.

>>13462625
This guy gets it.

There's three major points to take away from this.

>1. Bitfinex' "heart was in the right place". Rather than "this all being a scam", they were actually trying to do the right thing, save their exchange from insolvency, but keep Tether "backed" (by loans).

A true scam exchange would have legged it at this point, rather than trying to actually prop things up, even if it's done a bit dodgy.

>2. Our own currencies are worthless.
This is a real commentary on how our current financial systems work. Yes Tether is now HEAVILY backed by "loans" instead of USD, as they claimed before. However, what is USD backed by? Loans. We all know the gold isn't there anymore, and USD (and other fiat) are just IOU's to banks. Tether isn't doing anything different here than how OUR EXISTING BANKS work.

If anything, this is just proving there's a need for something like Crypto, and even something like Tether, which is inherently fiat, eventually suffers from the exact same problems as our own banks and existing financial systems. There's no getting away from it.

>3. Whoever controls your money, controls you.
Again, another relevant point is that Bitfinex are up shit creek, because OTHERS are holding onto their money. Authorities say "no, you cannot have your money" and therefore have control over them. Bitfinex then have to prop themselves (well, Tether) up with LOANS. How typical is this, Jewish authorities holding onto something is yours, making up whatever bullshit reasons they have, and then forcing you to fuck yourself over with loans instead.

Since Bitfinex are dealing with USD here, they deal with all the problems that traditional fiat has, mainly having no control.

In essence, this situation is bad for TETHER. Not catastrophic, but it does knock confidence, which is why you're seeing what you're seeing.

However this is GOOD for Bitcoin, and other non-fiat

>>13463006
How do you know?
>inb4 u don’t

>>13462477
because if u read the lawsuit instead of sperging it basically says tether IS backed but finex is in trouble for borrowing cash from tether co without reporting it

>>13464127
>e up shit creek, because OTHERS are holding onto their money. Authorities say "no, you cannot have your money" and therefore have control over them. Bitfinex then have to prop themselves (well, Tether) up with LOANS. How typical is this, Jewish authorities holding onto something is yours, making up whatever bullshit reasons they have, and then forcing you to fuck yourself over with loans instead.
>Since Bitfinex are dealing with USD here, they deal with all the problems that traditional fiat has, mainly having no control.
>In essence, this situation is bad for TETHER. Not catastrophic, but it does knock

That's not what the "lawsuit" says. They didn't check on Tethers balance yet, only Bitfinex. That's what the "lawsuit" is about, they demand more information, documentation and statements by Bitfinex and now Tether aswell, which both refused to give to the March 8th (I think) deadline and to date - hence the NYAG went to the court to file a petition to force Bitfinex and Tether to hand it over already. ;-)

>>13464019
lmao
>a position i can respect at least
still funny

>>13462477
Eh, I sold my USDT for USD. Who cares? Oh, they're not going to print more Tether? Well they're printing US dollars every goddamn day - soon they'll feature Aunt Jamima.

this is all you need to know about tether

>>13462477
CALM BEFORE THE STORM

>>13462477
I'm all in on Bsv I don't care about tether

>>13464943
OH NO NO
NO NO
*breaths in*
OH HO HO HO
LOOK AT THIS DUDE
WAIT TILL YOU SEE
AHHHHHHAHRRRRRRRHHHHHHHHHHH

>>13464948
Every order Book is empty, no trades.
Even Coinbase Pro it is no trading left.

I feel everyone is staring at the charts and ones the first big sell of begins we see huge drops.
(Personal opinion.)

>>13464943
>implying this would have been a bad thing

this would have been a never reurcurring one in lifetime chance to buy low. fucking top 20 alts loosing additional 85% - good god

..ahem..
..
>>13464444

>>13464943
If it be this way...than it be. BTC needs to drop hard and fast...we need blood in the streets...faggots crying, and people so scarred of BTC they go running from it. BTC isn’t going anywhere but as much manipulation and volatility as possible needs to be shaken out. I’m not sure if we ever will but I’d love for BTC to go to 800 bucks such to see the sea of tears and the echo of screams from these faggots in the space.

>>13464997
Makes me hard thinking about buying then.

In 2017 there was a panic like this every month.

>>13462491
This guy fucks.

>>13465006
But now even the "veterans" are stressed out.
The noobs left already a long time ago.

If it happens it will be the biggest blood bath, the point smart people become rich.

>>13464108
can't believe no one taught this in school
>fed lends to banks at interest
>banks lend to businesses and people at interest
>all money in circulation is debt on which interest is paid at multiple levels
>the only way the debt is paid is if the money supply is contracted 100%
>there is no principle, only interest

>>13462477
Lol op are you still in crypto? Remember when i said in 2018 that BTC bear market will be over when tether died? I was not joking back then. I created those threads. Im sitting here and waiting to buy BTC at 700$. You should have listened.

>>13463078

So? They can't create the underlying assets, meaning fake volume exchanges don't affect the price. They just follow along. You're only fucked if you actually use some shady place like that.

>>13463111

Bad idea. Long term trend is up, short term trend is up too. Only very short is down. You're better off holding for a while than losing half your coins.

>>13462994
I’ve seen u around the board today

>>13464108

This guy redpills

>>13465124
If BTC drops down to $700 I will personally instruct my girlfriend to suck your dick. Plus, she's Asian. Basically what I am trying to say to you is that your prediction is utter poppycock.

its not real if the price doesnt drop lmao

>>13462615
jud fud

>>13462477
Tether and bitfinex are shady cancers that need to die. Unironically will be positive in the long term if they go down.

>>13462477
Tether doesn't need to be backed so long as exchanges say they will not cash it out, remove USD/USDT pairs, and bots trade at sufficient volume to prevent plebs from breaking it.

People just need to treat it like it's a dollar. The same way they treated BCH like it was $200 when futures were sold on it and not a single block had been mined on it.

You forget how retarded and orchestrated this space actually is.

>>13462477
What, Were you in a coma when it dropped in 2017?

If tether collapses, then the usd will collapse too. In fact tether is a better dollar than the real dollar, as is cheapest to make, move and transact with. I can't believe a Taiwan company created a dollar printer in plain sight and no one sued them or anything. Tether is exactly like counterfeit money ffs

>>13465659
Cont
Daily reminder that tether is backed by a plain html text on a .io website

>>13465659
>>13465672
no different from "real" USD

>>13463856
Unironically this

>its not obvi for him
I'll spell it out.
They created tether to pump the shiet out of crypto so they could make it crash like 1 tequila too many. This pushes all the scared money out of crypto and back into the stock market to keep the prophesied golden bull run going. Ofc plenty of gambling degenerates who did no research will lose all their money, but that too was part of their prophecy (greatest transfer of wealth).
Good luck frens.

>>13465086
Tldr there is more debt than money

>>13462477

OP i agree with you but also remember that stock market aphorism: when the price of something no longer goes down on bad news, the bottom is in

>>13462928
I only started two months ago but I'm kind of glad that something like this happened early on. Builds character, gets me used to learning to hold on and not panic.

>>13464943
>Iwanttobelieve.jpeg
I'd sell every last thing I own if BTC dropped to 1k.

>>13462477
If anything, tether fucking up is good for actual crypto currencies

>>13466410
I started just before BTC jumped up to $5K. I would still throw money at BTC if it fell down to $1K.

>>13466424
As someone still new is this because it gave us the opportunity to buy low?

>>13462493
this
fuggit

>>13466474
also new here but bought in at $5100 feels bad, going to just hodl and DCA though if we crash. Pretty sure the reason tether crashing is good because tether essentially just prints money not unlike USD but I'm probably wrong, I've seen other people say too that tether getting shitter shattered would mean people need to move their money into other crypto, most likely BTC, ETH, or other big name coins and alts getting some too.

Either way all I want out of BTC is a safe 2X in a couple years, or a method of dealing with inflation. Here's hoping we make it brofessor

Just convert your tether into an actually legit stablecoin like USDC

>>13465086
Research money multiplier to see the ponzi

>>13466507
Same to you. I legitimately hope we all do in fact make it.

Remember when this board had an average of 100 IQ? Bitcoin is a digital banking system. It does not rely on anything in the real world to have value. Tether is fucking scam, and should be ignored. Just buy bitcoins and store them in your own generated wallet.

>>13462477
>BTC COULD LITERALLY DROP TO 1K OR LOWER SOON
people told me the same shit for when the BCH fork was going to happen and the price ended up mooning

>>13462552
that article reads like it was written by a teenager!

>>13466544
>100 IQ

literally never

>>13462615
fuck off with your vile racism

This is crypto. Tether fud is bullish.

>>13464108
hi

>>13462477
Because they don‘t understand it. they don‘t know the impact of tether for the hole crypto ecosystem. Most people Are dump. Herr a screenshoot from the Bitfinex shareholders. They said 2018 what will happen if tether fails.

>>13462477
or it could make it moon like crazy? what, you think everyone is going to sell btc because of this?
no, they're going to BUY crypto with their NOW-USELESS TETHER you fucking mongoloid.
having this shit implode is good for the ecosystem. maybe no on the daily chart but on the monthly/yearly.

>>13468511
no no you are silly. picture you have 100 million tethers. all this fud is coming out about tether, you are getting nervous.
tell me anon, what do you do?

>>13466339
Underrated

>>13468531
if you're in tether, it's because you are short term bearish about the market. if you want to preserve your capital, what do you do? You buy other stable coins like TUSD, PAX or USDC. Sure you might buy panic buy BTC at a premium because USDT is shitting the bed and isnt pegged to a dollar anymore. There's no derivative markets that includes USDT exchanges in their mark price so i'm pretty sure it won't make the price go up on the fiat exchanges. 5650 was the top of this pump.

>>13462477
Babbys first tether fud

>>13463289
Who's getting some pandacoin vibes here?
https://youtu.be/eHi_GHMo28M

>>13462477
It's kind of weird we have BTC at $5180 on some exchange it's at $5500+ on an other and it's at 5315USDT.

>>13462994
Just like God intended it to.

Cause I'm all in on Resistance pre sale. Not even worried.

>>13468531
You don’t know what tether is used for. It hold the fucking BTC price at 5k now. Without tether it would be 1k / BTC.

>>13462477
Imagine being a retard and follow reddit tether fud. For 3 years in a row... HAHAHHA

You bull retards will all fill my Shorts. I will make it.

OH SHIT OH SHIT OH SHIT
I'M DOWN 0.0543 IN BTC

SHOULD I JUST GET OUT NOW?!
I WAS UP .13 EARLIER, BUT IF I GET OUT NOW I WON'T HAVE TO PUT IT ON MY TAXES, RIGHT?!

>>13463842
The difference between your shit coins BS and the governments BS is that one makes the rules and the other doesnt genius.

>>13462477
When will you fucking retards get it that this Tether FUD has been happening for years and literally nothing happens every time. They could announce that Tether is backed by absolutely nothing tomorrow and print $10 billion Tether and nothing would happen.

>>13462477
inexperienced 20-something shit

you worthless faggots understand that Tether is not the only Stablecoin? If that shit goes down people will just shift -what they already started- to currencies like USDCoin. It's not so hard to replace that motherfucker. I doubt that, even if it would go down worst-case Lehman style, that it would take down the market significantly or longer than 1-2 weeks. It's not like Bitfinex/Tether owners are total powerless dummys that cannot
do anything.

why no love for DAI in this thread :(
best tether alternative

>>13462477
The tether thing is a big nothing burger. The funds exist after all... It just proved that tether is backed by actual USD. The money isn't lost, is just frozen.

>>13469976
yeah just like ETH Parity bug funds
just frozen, nothing to worry about

>>13462477
>1.5 year ago
>Read first tether FUD
>avoid using tether as much as possible
>when had to use tether, escape the position ASAP because it might collapse ANY SECOND
>1.5 year forward
>tether still hadn't collape
>constant stream of tether fud changed nothing

>>13470020
I stopped using bitfinex altogether because of this
and behold, nothing happened at all
I'm still not gonna use tether/bitfinex but it'll be very fitting for the clownverse that the most shifty usd-tether shitcoin outlasts everything else

The main streem meteor got exposed during Trump's ascendance for those non-NPCs who were actually still taking them somewhat seriously.
Now everyone who is not a shill knows msm has literally 0 value for traders.
Other than that, just like USD can be printed to oblivion and still hold value because of worldwide trust, tether is now used by the majority of crypto exchanges and trusted by enough people that this fud doesn't really matter, until someday in the future trust is fully lost. But that will be after the next mania, probably.

>>13463856
This, worst case is we crash some more, I already feel nothing when I see red now, I've become completely desensitized to the bear market, I'll just end up buying more if it happens, I think we've bottomed out though and we are gonna keep flat lining for months though

>>13468622

USDT is below 1 USD soooo BTC/USDT has to be higher than BTC/USD.

It's over

See you at 4500$ senpai

>>13467040
fucking kike tranny niggers
>fight me

>>13465005
this

KEEP CALM and listen to the silent generation billionaire pill

https://www.youtube.com/watch?v=Aa54bSxbbEU

Can someone give me a quick rundown on this whole Tether thing?

the gap is closing between finex and coinbase price

>>13462493
This. I have like 90$ in the crypto space, Ive almost entirely cashed out.

>>13462477
To sell Tether people have to buy bitcoin or another coin. So it's actually bullish.

>>13462522
redpilled

>>13462477
>still in
pull out, retard

>>13462627
this. while it's hard to watch your investment decline in value, the long game is the only game that really makes money. otherwise you're just trading in and out of coins and 90% of the time losing your ass.

>>13462898
it's a vehicle to safeguard your fiat during crypto downtrends.

>>13462493
This/2

>>13464974
If that is true, I guess there are a lot of important people who started placing leveraged longs sub 4k and they don't want to get rekt

I know this is a manipulated thread cause it lasted more than a day

>>13471196

>Bitfinex runs short of cash to cover customer withdrawal requests.

>Decides to not tell anyone but instead pillages the funds held in the Tether reserves

Not only that, but their sketchy banking partners in Panama (lol) are committing fraud against Bitfinex.

It's a fucking shitshow.

we havent "lost" $850m. its just being safeguarded from us having access to it by the people that seized it from us