/biz/ - Business & Finance

This is bullish for LINK

>>18716822
Holy shit they're doubling up. This is the sign we're about to fucking collapse. They've never printed this much and their bitcoin reserves are dropping as well

Sub $1k is coming very soon

>>18716864
>They've never printed this much
they did last year

>>18716926
But never this much in such a short time frame

>>18716822
Mouth breathers if you actually believe every printed USDt goes to pumping BTC at market value.

>>18716864

why does it not mean that money flows into the system? why is it always a fraud?

>>18716945
oh yeah, that's a pretty amazing rate right now

>>18716974
that shit always end up on exchange
just look at the address

>>18717005
they have never given any proof of backing and they have been caught lying about funds

>>18716994
Enjoy holding your bitcoin bag :)

>>18716822
Thank yu OP for posting this? Did you create the image.

Post your Bitcoin Handcash handle.

can someone explain to a retard like me what stop them from printing tether to buy bitcoin and then exchange for fiat on another exchange?

>>18717065
yeah I just update it every time they print

>>18717151
Very based anon!

>>18717134
nothing, all they need is enough buyers in the fiat pair

The Tether Scam Continues

“Once you have Tethers, you can trade them, keep them, or use them to pay persons that will accept your Tethers. However, Tethers are not money and are not monetary instruments. They are also not stored value or currency. We do not guarantee any right of redemption or exchange of Tethers by us for money.”

https://medium.com/@thecaspiancey/whats-behind-tether-cfde9e2199c8

https://www.bloomberg.com/news/articles/2019-08-07/tether-mafia-318-crypto-addresses-control-most-of-stablecoin

https://cointelegraph.com/news/the-strange-story-of-tether-the-digital-money-that-claims-it-isnt-money/amp

https://en.m.wikipedia.org/wiki/Tether_(cryptocurrency)

>>18717134

That seems to be exactly what they're doing. I mean its not like there's all this extra volume that could justify printing all this tether. Pumps already started on BTC

>>18717169
When do you think it will "Pop"?

Given your attention to detail and expereince lets say BTC is 7k. with this recent injection today. How much do you think BTC will pump?

>>18716945

They released like 3.5 billion from dec-march last year.
Do you check ANYTHING you fucking say.

>>18717363
hahahaha. OP Fren post your address/. some annon go tip this guy

>>18716822
Why is this bad? Do you retards understand they have a fucking license to operate in the USA? Do you understand that 1 printed tether = 1 real dollar of institutional money (aka accredited investor)? Get off your fucking tinfoil trip, same thing happened after halving in Q1 2017, the bull has been prepped and is ready to fuck nocoiner fat wives

>>18717363

>>18717261
This is pretty much the reason why I do not hold any crypto on exchanges anymore and only use ethereum.

I just ignore any crypto that I can not controle the keys for. Im in crypto since 2012 btw.

>>18716822
The CEO of Kraken came out in their defense stating that Tether prints matched institutional demand that he was seeing at his own exchange.

Tether is backed by 74% cash and cash equivalents per the audit but digital assets do not count in those categories so it might make sense that Tether is 100% backed but between a mixture of fiat and digital.

Per coinmarketcap, the market cap of Tether is $6.4B which is not that much money. Consider Blackrock (largest asset manager) who has $7.4T AUM. Less than 1% of the AUM is still greater than Tether market cap, it wouldn't take a lot of institutional demand to get tether to its current day market cap

>>18717339
>When do you think it will "Pop"?
when they run out of fiat buyer

> How much do you think BTC will pump?
unless a whale decide to crash the price, I think we will see 8k this week we are entering heavy resistance zone now, if it manage to reach 8500 we are guaranteed to go to 9200 to close the cme gap
it has to be noted that they don't just buy btc, eth is being pumped at key btc resistance too

>>18717387
I'm not doing this for money bro but if you insist, this one of my btc address 1J4xDZQ6Pfkbzirsb5mefm8n6dLL6mHPNp

>>18717475
>Do you understand that 1 printed tether = 1 real dollar of institutional money (aka accredited investor)?
tether themselves no longer claim that

>>18717503
do you even know where that "74% backed" come from ?

>>18717503
>institutional demand

why would there be demand for this joke of a project?

>>18717502
t.idiot

>>18717503
the kraken guy is pretty based right?

i'd trust his word

>>18717478

we both know CMC doesnt calculate it properly.

dec 2018-march 2019 around 3.5 billion was removed from the treasury and put into circulation, along with some prints of fresh tether.

>>18716822
What the hell? They're BRRRing money? How can I short USDT?

They've become so brazen with this scam and no one seems to give a fuck so they prob just think fuck it just keep printing

Tether is a known scam newfag retards, chooose another stable coin you brainless faggots

They never send it straight to the exchanges either, its always washed through a few different wallets before it ends up there, why is that unless they're trying to hide where its going?

>>18717261
add these to your list
europe may ban stable coin:https://cryptobriefing.com/central-banks-recommended-ban-stablecoins/

bitfinex btc holding decrease by a third in 1 month: https://cointelegraph.com/news/bitfinexs-btc-holdings-decrease-by-one-third-in-a-month


my theory is that tether printing usdt to bump btc while continuing to sell it's btc because it expect btc dump due to europe stable coin ban (which will implode tether) or some other raison (expert been calling financial crisis for a while ), and that's why it's btc decresed by a third in one month or else why would sell that much that low ?

can anyone tell me what maybe wrong with this theory?

>>18717798
>no one give a fuck
>https://cryptobriefing.com/central-banks-recommended-ban-stablecoins/
regular people never give a damn unless it's too late

>>18717780
in October 2018 tether burned 1.2 billion USDT this dropped the MC from 2.8B to 1.6 then when btc started crashing from 6k to 3K they started re-printing all the way to 4b in June but that took 8 month
the current rate is way faster, over 2.5B in 2 month

>>18717814
>this
if it's all institution demand why do they need to hide it

Faggot cuck bears I swear, if you open one more retarded fud thread I’m going to go door to door and fuck each one of your wives.

>>18717901
I'll keep posting until this scam explode or tether get a real audit
fight me faggot

>>18717901
imagine being this emotional about cyber pogs

>>18717882
This.

>>18717962
how much possible is this>>18717834
?

>>18718005
it's possible but it would be so blatant
I still think they are just trying to save the market to save their business

>>18717962
>>18717975
Imagine being degenerate Copenhagen syndrome boot lockers, crypto is our only hope against kikery.

Literally if you dig one foot deeper into any opportunity you think you have you will see that it’s next to impossible to get rich. Necc

>>18718047
if so why they sold 30% of their btc when the price is so low?

>>18716822
It’s clear most here don’t understand the economics of what’s happening. Billions on the sidelines with only one place to go. This is the forming of the second bubble

>>18718090
It's nothing. Go back to work

>>18718050
>crypto is our only hope against kikery.
you realize crypto is literally full of jews now ?

>>18718090
the problem is that there's no proof that they sold anything
it could just be trader withdrawing their funds

People bashing tether for only holding partial reserves need to remember that banks only need to hold 10% of the reserves they loan out.

>>18718251
No one is praising banks

>>18718251
>banks only need to hold 10%

>>18718251
> banks are backed by the FED which is backed by the US military strength
that's why you can use in in real life to buy essential goods and services
> Tether is just a scam backed by nothing
that's why it's only use to buy crypto and literally accepted nowhere else

just think about it, tether could literally be used to buy everywhere online and it would show how crypto is a legit means of payment, fast secured and stable
so why is nobody outside of a few exchanges using tether ? because nobody outside of this scam market would trust USDT without hard proof of backing

“Once you have Tethers, you can trade them, keep them, or use them to pay persons that will accept your Tethers. However, Tethers are not money and are not monetary instruments. They are also not stored value or currency. We do not guarantee any right of redemption or exchange of Tethers by us for money.”

https://medium.com/@thecaspiancey/whats-behind-tether-cfde9e2199c8

https://www.bloomberg.com/news/articles/2019-08-07/tether-mafia-318-crypto-addresses-control-most-of-stablecoin

https://cointelegraph.com/news/the-strange-story-of-tether-the-digital-money-that-claims-it-isnt-money/amp

https://en.m.wikipedia.org/wiki/Tether_(cryptocurrency)

>>18718602
>95% of crypto volume is exchanging worthless IOUs backed by nothing

Very amusing.

>>18718124
>the problem is that there's no proof that they sold anything
but they themselves admit that they sold it pic related

why would they sell 30% in 1 month so low especially with the halvening coming up?

>>18716864
This, as halving nears the dump nears

>>18717596
I fuckin hate '17+ fags
>>18717834
The 'ban' (if it happens) is a good thing, someone can hopefully come along & create a SDR type stable coin (please not Zuck). I hate to say this, I really do. But regulation will take bad actors like tether out of the picture.
ffs, most still think btc is unregulated. Regulation will only bring in more capital.

>>18719022
LAMO I didn't saw that update, yeah this is looking pretty bad now

>>18716822
that shizo pasta of yours beautifully displays what tether is; and indicator when capital is entering exchanges. Now make a shizo pasta about burns, will you?

>>18717511
>I'm not doing this for money
>mfw they do it for free

>>18719088
>Now make a shizo pasta about burns, will you?
the only burn is there you should look closer

>>18719080
>I fuckin hate '17+ fags
to be fair >>18717502 is pretty stupid for someone who's been in crypto since 2012
>This is pretty much the reason why I do not hold any crypto on exchanges anymore and only use ethereum.
if the usdt crash the price will dump wherever you keep your crypto, it has nothing with exchange
>I just ignore any crypto that I can not controle the keys for. Im in crypto since 2012 btw
you should learn how eth token work

>>18719088
>capital is entering exchanges
lol are you kidding, do you people do any research before posting, trading volume has been at it's lowest for a while and any significant capital that will enter exchange will be done with OTC like>>18719022 because huge investor aren't stupid enough to buy tether

>>18719149
>if the usdt crash the price will dump wherever you keep your crypto, it has nothing with exchange
1 ETH is 1 ETH, who cares if the price crashes, what matters is the exchange don't exit scam/reminburse you 5 fuckin years later..in fiat (potentially).
Check out what happened with Mt Gox, the price came back pretty quick, it did lose momentum but that was not just mt gox, lots of shit was being thrown around back then, including a chink/usa ban. Smart money bought back in late '14-'15. Especially once BTC obtained commodity status.
t. smart money (I like to think)

When this shit started out, it was 'Be your own bank'. Not trust some 3rd party. I can see that's gone, sadly. I do hope we have another event that will teach the newfags its bad to leave funds on exchanges.

>>18719464
>the price came back pretty quick
it only come back up because it wasn't well known, but slowly with the incoming normies money it started raising until it peaked in 2017, but those same normies took heavy losses (specially in altcoin) and many won't be coming back , that's why the thing that moving the market today is btc derivative (3x more volume that spot market)

>>18719556
>it only come back up because it wasn't well known
I love it when newfags tell me what went on. KEK, Oh wise one, please do tell more!

>>18719084
What do you think of LINK and BSV?

>>18719638
ok you tell me what went on, why btc mooned , is it because there is no incoming new money? is it because the same people kept holding /

>>18719693
>is it because there is no incoming new money?
Are you trying to be a cunt?

>>18718310
That doesn't mean that banks can hold 0% for real does it?

>>18719656
why would you ask me that lol ?
but yeah I think craig is a fraud because it would be so easy for him to prove what he claim ( like tether btw ) and he doesn't do it

>>18719990
that's exactly what it means

>>18716864
cope harder heretic
>>18716853
repent linkers

What if every country around the worlds fiat is imploding. Where do they go? Tether and USDC seems ok for the meantime to me.

>>18717569
There haven't been many great onramps into crypt for institutional investors, especially ones that are HFT. Using tether at least allows them to hold tether without being taxed on every transaction that would have otherwise been converted into USD

>>18720127
> I take a cryptocurrency supposedly back by fiat over fiat if fiat implode
nigga if fiat goes bust your best investment is ak 47 not internet meme money

>>18717151
Ty anon I assumed some website automated it. Cheers for doing that for us

>>18717134
nothing, to print tether you just change a number on a private database.

massive pump tonight confirmed

>>18720197
we used to have twitters account doing it, but they have all stopped long ago now, I wonder why ...

also they just printed MORE
jesus

>>18720325
just 30 million. a pittance really

>>18720333
true, but that brings their total today to 270 million.

>>18720333
yeah those small prints are on the tron chain
notice how the 50/55M print in the OP are all on tron chain too ( tr at the end of the address ) I'm keeping a eye on those

GUYSS???

IF BITCOIN COLLAPSES WHERE ALL THE MONEY WILL FLOW??

INTO TOP2? (ETH?) OR ALL THE OTHER ALTS EQUALLY?

>>18720397
giant price spike in btc as people cash back into it followed by a massive red dildo because people are going back to fiat
after that? who knows. Btc would probably die

>>18720397
if btc dies ( probably not gonna happen ) this market dies
money will flow out into fiat pairs and leave the space

>>18720397
Gone

>>18720363
>>18720384
They're diversifying :p)

>>18717800
>choose another stablecoin

so this is the part where RSR comes along

>>18720459
fuck off satsgang shill

>>18718050
>NOOOOOOO WE MUST FIGHT THE JEWS!!! BUY BITCOIN!!! BUY THE OLD USELESS SHITCOIN !!! REEEEEEEEEEEEEE

>>18720451
i do think though that the greedy nature of us would see money flow back into the space eventually. Ethereum would still survive and would probably be the new btc.

>>18717962
btc will be over $100k and you'll be posting rope

>>18718050
>jews is our only hope against kikery
hahahahahahahahaha

>SHA 256 developed by CIA
>Goldman Sachs owns USDC
>Blythe Masters (CDO inventor) bought up Hyperledger and gave it to Linux Foundation
>just look at the Linux Foundation ((donators))

You invest in crypto, because it is deep state, not because you believe in some anarchy shit

>>18719391
spot volume on the crash reached 2015 levels
literally the highest ever volume in years

fucking cope harder

>>18720524
I doubt i,t btc collapsing has been predicted since inception, if it actually happen it would just be dubbed as an other collapsed ponzi, investors would take the loss and leave the space to something else
eth would just go down with it

>>18720669
eth has a bunch of businesses interested in the space at least, I think it will still see some investment and use.

>>18720689
>interested in the space at least
yeah but that's the problem with this space it's all promises and barely anything delivered, it's all vaporware
this market only fuel is greed build up on the past stories of massive gains, almost nobody is in for the tech

>>18720656
>spot volume on the crash reached 2015 levels Literally the highest ever volume in years
yeah sure spot volume reached the highest during a flash crash, who may have thought
mind checking how the volume been since then, keep in mind that that volume include wash trading and tether pump
good luck HODLing

>>18718355
tether is back by gold and silver. Your debt ponzi scheme will die soon

>>18720963

>>18720963
>tether is back by gold and silver
yeah that's why :
>they refuse to get an audits
>accused by the attorny general
>located in hong kong
>"Tether Limited states that owners of tethers have no contractual right, other legal claims, or guarantee that tethers will be redeemed or exchanged for dollars"
>changed claim to being backed only 0.74
>same CEO for bitfinex and tether
>printed 800 million to cover bitfinex loss
>CEO/financial officer have been silent despite all these accustaion
>only the cto making the same excuse on twitter over and over

citation:wikipedia tether limited

>>18721440
Cope....Number go up

>>18716822
>240 000 000 USDT AT ONCE
>https://twitter.com/whale_alert
>APRIL OVER 1 BILLION

>>18721528
>>18717478

>>18717511
Solid analisys. Are you on twitter or is there any way to keep in touch with you?
I'll tip you.

>>18721554
>>18721528 (You)
>>18717478