[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 864 KB, 730x640, Screenshot_2019-05-21 Tether Says It Invested Some of Its Reserves Into Bitcoin and Other Assets.png [View same] [iqdb] [saucenao] [google]
13761388 No.13761388 [Reply] [Original]

that tether is backed by bitcoin?

>> No.13761454

You all thought this bull ride was fun. Trust me when I say the best ride will be horrible.

And anyone who says tether was 74% backed and far better than any financial institution...tether is not a fucking bank and we should not be in this situation.

See you in triple digits, Ethereum might end up being the prince that was promised. That Szabo guy may be Satoshi.

>> No.13761516
File: 749 KB, 589x440, 9985713eb01f72f4da628ccca15a0b0d.png [View same] [iqdb] [saucenao] [google]
13761516

>>13761388
pic related

>> No.13761532

>>13761454
You sweet summer child

>> No.13761543

>>13761388
lmao wtf? so when btc crashes tethers backer by a useless asset even though it’s supposed to protect from btc crash?

>> No.13761556

It's a nothing Burger

New York looks so stupid right now people should be driving away as fast as they can

>> No.13761574

>>13761454
>He doesn't know that Tether FUD is the most bullish signal there is.

>> No.13761580

>>13761543
yup, so basically when people "tether up" when bitcoin is crashing, the tethers themselves are backed by... the same asset they tethered up from.

>> No.13761587

B U L L I S H

A F

>> No.13761620

>>13761543
when people sell btc guess what rises in value? exactly, it's Tether. welcome to the clown world

>> No.13761625
File: 450 KB, 454x600, trashiusmaximus.png [View same] [iqdb] [saucenao] [google]
13761625

>>13761454
>implying tether matters
>shilling ETH
>Szabo is Satoshi
So much trash in this post, I don't even know where to begin.

>> No.13761652

>>13761516
In what shithole did anyone think that "sculpture" is appropriate for a place where families gather?

>> No.13761904

>>13761388
lmao so this was the reason for the price pump.

>> No.13762251

>>13761388
Only 0xBitcoin is backed by Bitcoin because it essentially is Bitcoin.
Repeat.
Only 0xBitcoin is backed by Bitcoin because it essentially is Bitcoin.
Repeat.
Only 0xBitcoin is backed by Bitcoin because it essentially is Bitcoin.

>> No.13762530

>>13761625
I don't like it anymore than you do, pal.