/biz/ - Business & Finance

then place buy orders sub1k or gtfo

>>13500072
we bull soon fren
*cough cough*

>>13500096
I don't feel comfy to Tether up and place a low bid, for example.

I would rather move on an exchange with USD pair, not USDT.

The greatest crash in human history is coming up, the cryptocalypse

>>13500134
yeah the greatest crash of USDBTC pair

guys why is tether going down again? I thought the fud was over

I'm getting "OP IS A FAGGOT" vibes.

>>13500072

what if coins like pic related moon as safe haven?

>>13500143
only this time it's not fud

>>13500151

kekaroni

>>13500143
there are just 850 million dollars missing
that is 40% of tether
that means BTC is a minimum of 40% overvalued
in reality is is like 60% overvalued
yikes

>>13500137
lolno
gox 2.0 is over the horizon

>>13500160
yup, it's gonna be epic, Bitfinex already slowing BTC withdrawals, says 72 hours backlog, soon it will be stopped completely

>>13500072
bear cope increases. how's the short going? HAHAHAHA

First arrest has been made and feds have seized part of the 850 mil.
This thing is getting fucked.

https://btcmanager.com/feds-seize-part-bitfinexs-missing-funds-first-arrest-made/?q=/feds-seize-part-bitfinexs-missing-funds-first-arrest-made/&q=/feds-seize-part-bitfinexs-missing-funds-first-arrest-made/


>A portion of Bitfinex’s missing $850 million has been seized by the U.S. Department of Justice (DoJ).
>A controversial businessman was arrested for falsely setting up various bank accounts that allowed entities such as Bitfinex to skirt bank rules and federal law.
>Funds seized by the DoJ were allegedly used to commit bank fraud by making hush transfers in USD to clients of the exchange.

No wonder people are having difficulties withdrawing fiat from the exchange.
I don't think it's going to be long at all until the feds shut the whole thing down and sue them for fraud.

>>13500212
what happening to bitfinex right now follows exactly the same pattern quadriga went through before it went down. I give it 2 more weeks tops.

>>13500212
Bitcoin will keep going up even if Bitfinex gets shutdown. Why is it so hard to see that?

BUY BITCOIN WITH YOUR USDT

>>13500212
Yeah, this shitshow is not going to end well

https://www.youtube.com/watch?v=Q-WZOyOV8yA

>>13500072
2y until bull, at least. Get out if you value what's left of your speculation

>>13500225
it will
because this >>13500239
but, ultimately it is going down

>>13500212
The brazenness of these faggots, thinking they won't get the cuffs

It's not the 80s anymore, enjoy Tyrone in prison

But the tulip trust will bring the price down, right?

No one gives a fuck about bitfinex and Tether. It's why USDC and TUSD were created on time.

It'll be so funny seeing BTC moon as bears cling on their "muh tether collapse!1"

>>13500254
It will go up as people get rid of USDT but down when there will be no real USD liquidity.

Basically people converting Monopoly money to BTC, but still remaining internet money and no one will pay the 1:1 value.

>>13500268
denial

>>13500225

>People are possibly going to lose their money when the exchange runs with their wealth or get their money seized by the feds.
>One of the largest coins that has insane volume is going to go down the shitter.
>This is good for the market guys!
Are you out of your mind?
It's only good in the very long run as the scammers get shaken out but this is some devastating shit short term and it's not going to encourage anyone to throw more money into this.
A good chunk of liquidity is going to evaporate from the markets when you remove tether from the picture and we don't even know how much money is locked in bitfinex.

>>13500320
> BTC seized
> no one can touch or sell BTC
> there are 100K Bitcoins in Bitfinex's wallet
> same effect as burning 100K Bitcoins overnight
tell me how this is going to crash bitcoin price?

>>13500072
Get ready for a flash crash to 50$, BTC will shoot back up to 1k after, but then settle at 200$ and will stay there forever

It's not like withdrawals are closed right? So i don't really see a problem. I was here when gox happened. They just suddenly closed everything with no warning.

You can get stil out of USDT and bitfinex. So no worries, it won't crash as hard.

Also MtGox was almost the only exchange around back then. Together with BTC-E, but that was Russian, so nobody really trusted that.

>>13500329
BTC has "price" that is the last recorded deal
no fake USDT to to pump it will result in real valuation, meaning the real money the flow in and out
that is why even the scammers are looking at the 1k
only the price at the moment matters, you remove the fake pumpers you get rekt

>>13500268
Bitfinex is one of the oldest exchanges and held the highest volume for years across the cryptosphere. It's literally exactly as Mt. Gox, except it's happening AGAIN, right after a 1+ year bear market and with more institutional money that has more power to crash this at any moment.
Invest in pants, you're going to shit out your organs in the upcoming weeks.

havent touched crypto in the past year but a business partner paid me $4400 in bitcoin, tethered it up on the 25th whilst linking my bank account to cuckbase, literally chose the worst possible time for this to happen, just need usdt back to a $1 ffs already

>>13500347
>ignoring the price premium on bitfinex
yes, withdrawals might still go through, but if you're too blind to see what's happening, you're gonna blame only yourself once they close everything and you lose all your money. by then it's going to be too late.

While OP needs to shut his mouth and let people reap their suffering, he’s right.

It’s gonna but 6k, maybe a little above, and flash crash.

Seen it twice before and this tether shit will be the third time.
( ﾟ∀ﾟ )

hooboy
https://www.actionnetwork.com/nfl/reggie-fowler-aaf-investor-charged-prison

>>13500132
>I would rather move on an exchange with USD pair, not USDT.
So just do that, then, tardo. No need to inform /biz/ of the basic mechanics of your moves.
>tfw I'd rather chew my food then swallow it rather than trying to swallow every bite whole.

>>13500392
Sure, i would get the fuck out as fast as possible. Out of Bitfinex, and out of Tether. Just get bitcoin. But if bitfines completly crashes, it's not going to be like MtGox. Because Gox had maybe 80% of the bitcoin market at that point.

In current terms, that would mean Binance, coinbase and kraken collapsing all at once.

>>13500418
Binance is involved in this USTD nonsense as well, but it won't get hit hard like bitfinex

•̀.̫•́

the mtgox collapse was preceded by a huge run
this is bullish

>>13500430
No, not really, the real value of USDT is just USDT at 1$ - 180 million $.

maybe 0.95$? Why would bitcoin be affected? Tether is insolvent, so everybody just gets less $ for 1 tether.

>>13500072
I an definitely understand your feeling.

I wasn't around for mt. gox, but I see very many similar signs.

However the major difference here, is the environment has completely changed.

There are way more companies and lots more money that will look to take bitfinexs market-share. There could be a land-grab so to speak.

If things go badly, I expect many people to trade their USDT for BTC, I think some other stable coins will absorb some of the market-share but this could seriously shake things up.

I'm not sure how the larger companies will move their funds.Anyways,

Say hello to volatility.

But now, what's the best play to make?

I get it, we've been buying cheap coins all year, there's got to be some power-play moves we can make.

Any thoughts?

>>13500453
You are violently ignorant and I wish your portfolio and pockets well in the next few months. Hint: stay in fiat because you are not bright.

(ᵔᴥᵔ)

>>13500439
>the mtgox collapse was preceded by a huge run
it already happened in 2017 retard. it took years for the bubble to fully deflate and it was months or a year after the height of bubble before the goxening. we are now at the part where mtgox disappears and closes up shop. then came years of the real bear market, so that is what we have to look forward to

buy orders set at $800, they'll fill in 2022 or so until then a slow bleed with random mini-pumps as other exchanges exit scam over the next 24 months

wheres the best place for accurate pricing on usdt?, binance doesnt have usd pairs

just found out i still have 50$ worth of btc on bitfinex. should i withdraw now? they say it's faster with 2fa but i dont want to resinstall it, is it really much longer without 2fa?

>>13500394
>Gox 1.0
>Silk Road
>Gox 2.0
>Finex
And they say history doesn't repeat

>>13500952
I don't think Silk Road getting rekt contributed to the value of BTC dropping all that much

>>13500988
The Silk Road bust resulted in a violent flash crash and the bull market to 1200. So in some way it is related to Gox 2.0, Willybot goes wild

Everyone is just so sure the finex/tether situation is so bad for bitcoin.

As people are still exchanging their Tethers for BTC and withdrawing without issue.

Even if bitfinex accounts for way less % of BTC volume that Mt. GOX did.

This doomsday tether narrative seems a bit pushed and non natural

>>13500178
>mfw retards like this believe the entire BTC market cap is kept afloat by tether

>Customers give fiat dollars to Tether on the understanding that those dollars provide backing for an electronic token.
>Tether can't find a secure bank willing to hold the dollars or send payments.
>Several govornments collude to simply take the dollars.
>One of these govornments then sues Tether for not having the dollars anymore.
Apparently this is a problem for cryptocurrency and not a problem with fiat currency.

>>13501137
It's simple... bet against all that bullshit and buy bitcoin.

>>13501145
ellipsisposters get the rope

>>13501175
Sorry to offend you senpai

>>13500072
Why won't you buy any crypto and transfer funds from Bitfinex then?

>>13500178
>BTC has a 2 billion dollar market cap
uh

>>13500072

It always starts slowly..

>>13501542

HAHAHAHA bears are getting desperate
Even the black swan event they've been dreaming about can't crash BTC to below 5K
Imagine the COPE LEVEL right now

Nothing will happen. Priced in.

>>13500212
Lindy

The more often Finex/Tether are beeing fudded and actually survive another Tether FUD episode, with each time the chance is getting smaller that something actually will happen

>>13501554
>black swan
I know you're saying that just to upset me, but an exchange shitting itself isn't a black swan unless you've only been in crypto since 2017 or later

>>13500212
This is def coordinated. You made another thread before and are using the same talking points.

>>13501643
I know you are new here but bears even hired a person to promote the Tether FUD FULL TIME since 2017

It's fucking hilarious

https://twitter.com/bitfinexed

>>13500347
This I withdrew yesterday... how am I screwed?
>>13500072
Also none of my Norman friends even know about the tether fud

It's going to pump to 6k on bitinex, maybe 6.2k before they dump to cut losses , cold wallets are moving

>>13500347
I had 3btc on there and 20 Ltc. I’m still seething about it

>>13500072

Dips over

Tax frame is done

Boomers are in

It's moon time

>>13502403
We're going down again, but we'll make a higher low. Check em.

>>13502413
Nope

Dips is done it's moon time

>>13502430
KYS

He is right

>>13502456
Nope

crypto is elastic dump and elastic jump

Jump time baby

>>13500810
fuck off bobo

>>13502413
>>13502456
Wrong
>>13502464
>>13502430
>>13502403
Right

>>13501542
Full stop.

>>13502493
you're wrong

When is Tether and Bitfinex finally collapsing, its obv that it will be happening now.

yawwwwn, so what? Let it crash, itll come up again. Im hodling and that's that

>>13502539
No you

How can bears say that this is crashing with a straight face when BTC is violently mooning upwards?

>>13502612
It goes up in correction to people wanting to exit von Bitfinex, also Tether did pump the Market, so does not matter if it goes up or down as long as Tether exists its all an "illusion".

>>13502626
If traders exit tether into BTC, how will that affect BTC's value besides making it go up?

Likewise, if tether blows up. Why would it affect BTC's value when everyone have exited their tether positions?

>>13502612
>how can bulls say that it will not crash with a straight face when it happened before when BTC violently moved upward?

>>13502640
Not sure why you have such a difficult time grasping this but tether is 80% of volume in crypto. If it disappears, where will that volume go? Growing pains are sure to come

>>13502556
yeah right

>>13502681
USDC TUSD USD. The end goal is accumulating or trading bitcoin if USDT is no longer a tool that is available, traders and investors will use the other tools available.

>>13502640
>Why would it affect BTC's value when everyone have exited their tether positions?
>when everyone have exited their tether positions?
>everyone
see the flaw

>>13502706
why wouldn't everyone just get 0.95$/tether instead of 1$/tether?

To all the delusional bulltards in this thread who don't seem to understand what is about to happen, two words:
>Liberty Reserve

>>13502714
>4 words: poo poo pee pee

>>13502723
based

>>13500375
bearwhale nigger

What's the best case scenario vs worst case?

>>13502714
I will eat my dick if tether fud will bring the price down. GTFO bear cope

>>13502855
>Liberty Reserve did not directly process deposits or withdrawals. Deposited funds were then "converted" into Liberty Reserve Dollars or Liberty Reserve Euros, which were tied to the value of the U.S. dollar and the euro, respectively, or to ounces of gold. No limits were placed on transaction sizes.
>In May 2013, Liberty Reserve was shut down by United States federal prosecutors under the Patriot Act after an investigation by authorities across 17 countries.
Ever heard of a binding precedent?

>>13500072
>using centralized exchanges after this

LOL

>>13502612
Why do bulls feel like they accomplished anything when BTC was higher two weeks ago?

>>13500072
take refuge in pi, we're accumulating frens here
decentralized smartphone mining with next to no battery impact.
literally the new internet in silicon valley S4 becoming a reality - very attractive to normies and mainstream attention
soon the world wide web 4.0 will be decentralized and kept online by the people for the people
join my fren circle! we can mine together which helps us all out. referral link is https://minepi.com/fren

>>13501497
>doesnt understand how market cap works

>>13503825
Imagine not being in the oligarchy lol

https://minepi.com/selrod
https://minepi.com/Amphetamine
https://minepi.com/Nick11235
https://minepi.com/Estreezy710
https://minepi.com/Muu9
https://minepi.com/babyshark
https://minepi.com/giggaligga
https://minepi.com/8888

>>13503825
>>13503950
fuck off with that marketing scam, socialchain inc.

>>13503950
imagine not meining with your frens instead of some group of poo poo pee pee nobles

>>13503977
look at that socialchain.com cuck employee. what socialchain wants through their bullshit pi token is to have your number and more importantly your social circle. Their goal is to sell your info and friends to marketers.

>>13504030
im just trying to collect frens anon
we can rise up against the oligarchy and make a kingdom of frens

>>13502706
This point seems to be going over a lot of brainlets heads

All these moonboys are in for a nice reality check soon

>>13504097
Shut the fuck up idiot, this is a serious thread.

>>13500347
Why are you lying about being "here" when MtGox happening? I was actually there and you're full of shit.

1) /biz/ wasn't even around when mtgox closed
2) mtgox had massive delays on fiat withdrawals before the collapse, it didn't just "stop happening", there were people who were calling it out as insolvent (mostly on reddit and bitcointalk) months in advance