/biz/ - Business & Finance

>>18502749

Why not print 10 billion at this point? It's not like anyone gives a shit

>>18502775
believe it or not there's a lot of peoples who still believe this shit is legit

what a coincidence, just when bitcoin is struggling at a crucial resistance point

>>18502806
Imagine they push it back all the way to 10k

>>18502775
>>18502806
>>18502819
>>18502938

I will give you the real answer so you can sift through all this fucking FUD:

Tether Treasury preemptively prints USDT based on dwindling supplies across exchanges. The supplies dwindle because people are going margin long like crazy. Just look at the ratio of long/shorts on any exchange for any popular coin and you'll see it's 75/25 or higher at the moment. Tether sends the USDT to exchanges and people borrow against the newly minted coin to margin long.

It's that fucking simple. Fuck all the haters and conspiracy nuts on here.

hooollyyyyy shit
printer really going bbbbbbrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

>>18502953
Margin longs cannot explain the rise. keep cooking up that pasta.

>>18502938
they basically printed 2 Billions in 1 month
everything is possible at this point

>>18502953
it's more like 65/35

>>18502953
and yet there's less volume on margin now then at 10k in February
https://blockchainwhispers.com/bitmex-position-calculator/

based brrrrrrrrrrr. i don't fucking care anymore, just make me rich before everything collapses

>>18502953
Nothing backs these numbers up and THAT is the real problem, it's blockchain equivalent of FED.

>>18502806
The people behind Tether/Bitfnex are well known. It would be very easy for law enforcement to take the whole thing down yet it hasn't happened.

>>18502953
that would also be a completely fraudulent system
margin is supposed to be borrowing from real investor thus creating a premium either long or short
if you get infinite money to leverage then you have infinite money to move the market as well

what happens to btc when miners have no more rewards to mine?

>>18503080
they are not based in the US that's why they have not been shut down
if they had the funds it would be so easy to prove it by letting a trusted third party audit them so why don't they do it ? it's faketoshi dancing around instead of just showing the keys

when someone refuse to prove their legitimacy by the simplest possible mean you know they are lying

>>18502749

Bears think all these prints have been use to "prop btc up" for the past few weeks.
Lmao cucks haven't realised this is all a systematic set up for something bigger, and not being spent yet

>>18503170
No more bitcoin

>>18503181
>and not being spent yet
> https://etherscan.io/address/0x5754284f345afc66a98fbb0a0afe71e0f007b949#tokentxns
fuck off

>>18503212

Sent to exchange does not automatically = spent.

It means intended to be used.

Do I need to remind anyone that in 2017, this is literally what they did from March-May non stop with tether, print after print.

Then, in 2019, they did it again from Feb-April.

Now they are doing it again.

Do you faggots EVER fucking learn to see patterns?

>>18502953
>conspiracy nuts
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066

>>18503236
>Sent to exchange does not automatically = spent.
look at the chart

>>18503257
I remember back then I was hoping then NYAG would shut bitfinex down.

>>18502749
look up the tether founder newfaggots

tether treasury more backed than the actual fed fucking clowns people can coordinate with tether to buy OTC god damn AKJGHQiwhfUOKABHFEikewhf newfaggots

>>18502953
this

BRAINLETS ITS SIMPLE

>usdt/usdc pair
just look, its $1

if they were printing USDT, the pair would fucking slip, arbitage would keep it at $1 for about a week, not 3 months or whatever fantasy you're deriving. arbitors dont have infinite usdc

tether are redeeming 1:1 for big dogs/exchanges, hence why its still at $1

>>18503312

Nice

I made a shitload of money. I frankly do not give a shit how legit tether is. I know i will profit off of it easily so long as they continue. If proved solvent all is good. If not, then i made a shit load while the game was good.

sit out and watch again mate.

>>18503346
*printing USD to pump

>>18503273
delet that

>>18503346
there's no volume on these pairs it's just arbitrage bots trading around the 1$ because both are trusted to be 1$
the moment the majority stop trusting tether is the moment this shit will slip hard
pic related in 2018 there was a tether panic and the btc usdt pair wicked almost 1k higher in the USDT pairs as peoples tried to gtfo of tether

>>18503486
Keynesian economics has been brought to crypto currencies. :^)

>>18503592
yes bitcoin has become the very thing it was meant to destroy

>>18502749
Believing that meme Internet money will pump during Global Recession is ultra retarded. Nobody wants your numbers on HDD. People buy real assets like physical gold.

The Tether Scam is real.

oh look it's pumping right before the 4h close
what a coincidence

>>18503886
Don’t worry we’re gonna go up to liquidate some more shorts then crash down to get all the Longs just opened up

>>18504063
oh no it's already happening
this market is basically a fight between bitfinex and bitmex at this point

>>18502749
Explain to a brainlet why they need to print more tether

>>18504638
Print Tether out of thin air, buy BTC. Free bitcoin basically.

>>18504677
this!

>>18502953
You are a fucking disinformation shill. KYS

>>18504063
All talk no bark. Kys beta poorfags

>>18504134
>he uses nigger gifs to express himself
You have to go back

>>18505004
> not knowing who this is
how new are you ?

manipulated piece of shit market

>>18503170
Transaction fees

>>18503170
we will see in a hundred years anon

>>18504736
>>18504832
>>18504981
>makes 3 posts in a row
>says "this"
>still says kys beta like a 13 y/o fortnite player

Go back to plebbit

>>18502749
That's Arthur's play money to short BTC

>>18502953

Imagine actually being baited into thinking that tether has that much real USD to back it up.

>>18502749
>brrrrr
>>18502957
>bbbbbbrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

>>18503273
Nice, thanks for sharing, something read worthy on this site for a change!

>>18503175
what fund they removed their 1:1 claim https://www.vice.com/en_us/article/yw844b/tether-says-usdt-stablecoin-no-longer-solely-backed-by-cash-reserves

also they have been selling btc like crazy while keeping the price up

by the way here come the tether pump

You can always tell these scam tether pumps because every candle that turns red/dumps on the 5 minute chart always get immediately bought back up again

>>18506393
>https://www.vice.com/en_us/article/yw844b/tether-says-usdt-stablecoin-no-longer-solely-backed-by-cash-reserves
and yet the market just keep accepting it, this truly is the perfect ponzi

>>18505645
huh? could you try growing a braincell please!?

>>18506972
What backs ur trumpbacks sirs?

>>18507015
various assets, especially treasury bonds (the ability to tax)

>>18507015
And the might of the us military

>>18507015
the biggest military in history with over 4000 nukes

>>18507015
>>18507040
>>18507015
>>18507040
you didn't think "print money" literally meant just create new dollars with nothing to offset it did you?

>>18502974

Eat shit bear cuck.

More Stable-coin liquidity is needed for defi.

I’m sure tether is going to deposit a lot of it in aave for 3% apr

>>18505004