/biz/ - Business & Finance

It’s coming man

>>25564854
You started posting alot during that pump. I want to see your short position.

Imagine being a burger

>>25564854
>load ze tether fud

At what price did you sell yours, op? $ 6k?

I'm sorry, but you had 10 years. You're eternally priced out now.

>>25564854
Sounds like OP's little shorts are being squeezed. Bobo? More like Bobroke amirite?

>>25564922
>let me see your suicidal bet on the aspie casino
Just because I don't take the dumb bet of not getting liquidated into a scam wick doesn't mean the fundamental analysis isn't right. This shit is overbought from a TA perspective and absolutely fucked from a FA perspective. Brian Armstrong is on suicide watch about what's comming with Biden/Harris term.

https://cryptobriefing.com/u-s-treasury-department-proposal-existential-threat-to-bitcoin/

>>25564854
It's a genius plan really.
>gather all the evidence
>wait until every currency is being printed at record rates
>destroy tether with lawsuit
>everyone who fled into crypto from currency inflation gets obliterated
Perfect plan to financially ruin the maximum number of people in time for the great reset.

>>25564854
OP likes to speculate and build more speculation on top of speculation.

>>25565540
What's funny is that low IQ mongs claim "oh this is 2018 FUD" as if somehow it doesn't make it even worse that they've been collecting evidence since 2018. How convenient that the date of the cuckening is going to happen in the midst of the blowoff top.

sure bobo, that's why stables just got approved cause it's all coming down. Don't rely entirely on TA during price discovery of new assets.

>>25564854
Remember the date: January 15th. Tether has 10 days to deliver proof of $20B in liquid backing for all the coin they "minted".

Massive crash imminent, can't wait. I'll be buying BTC at 2014 prices.

>>25565822
Reminder: this guy builds multiple, layered, speculation pyramids and knows everything about everything but he's still not rich..

>>25565837
This is the level of IQ we are dealing with. It's just dumb zoomers reading the latest headline and confusing apples and oranges. I expect suicides.

Guise, is etherium safe from this bubble? It can be this whole market. LCX exchange launching without usdt for a reason.

>>25565918
I already unloaded my bags on your newfag pea brains and im citing official documents which prove Tetherfags where basically on suicide watch and "had to do something" because organic interest for BTC was pushing the price too low. These idiots don't have real dollars to back the insane amount of shitcoin they've printed and even you know it.

>>25566410
BTC crash will make everything else crash. And at some point the SEC will correct his stance on Ethereum and consider it an illegal security anyway.

If you had access to Tether and could print USDT whenever you wanted, would you?

>>25566410
USDT is an erc token I think eth will get hit harder than king shitcoin

>>25565918
Reminder:
>(1) FUD
>(2) NO AUDIT
choose carefully which of above actually applies here.

>>25566410
It had an ICO. Anything that had ICO is a potential security. You should hold air dropped shitcoins only.

>>25564854
weak fud. in reality its pic related

>>25565837
Lol, this is the absolute state in here. Ffs they were not "approved", they will be regulated. Meaning they will be audited and even need a banking license probably. Some guys in here will have a bad awakening.

>>25566448
Thats great man. How do you feel about XRP?

>>25565380
>TA
nigger

>>25566410
ETH going back to $50-100 in like 2 weeks and I'm not memeing

the NY AG will absolutely rape the living fuck out of tether

>>25566608
It's all a shitshow really. The only thing that could survive after the governments start a frontal attack is Bitcoin by going back to an underground economy and not listed into any exchanges, the question assuming other jurisdictions don't follow the same route and keep mining legal.

>>25566547
HAHAHAHAHAHAHAHAHAHHAHAHaaa....
pull the other anon, it plays The Star Spangled Banner by the Securities and Exchange Commission Criminal Investigation Department Choir

>>25566581
Banks were literally approved to do settlement in stablecoins and to use public blockchains in general.

Btw can you explain in your own words what the current lawsuit brought by the NY AG is about?

>>25566505
Lol, i'd rather have a proper audit than being questioned by the attorney of ny. They were requested several times to perform official audits but didn't do it. Probably they just didn't have the time, for sure our bahama based reserve currency provider without an office address has nothing to hide.

>>25566581
banks already have a banking license. they can use stables now https://www.marketwatch.com/story/crypto-prices-jump-after-u-s-regulator-says-banks-can-use-stablecoin-connect-to-blockchains-11609811050
i dont use usdt and i have profit. if the fud crashes ill buy the ashes

>>25566648
Wow cool beans, so what is the lawsuit by the NY AG about? very curious!

>>25566724
"Tether" is supposedly backed by USD 1:1 but it's backed by nothing. The slavs that run that shitshow refuse to get audited and are now going to face consequences. When it becomes clear that Bitcoin was pumped with fake USD you can guess the consequences.

>>25564854
Been holding since 2013 and it's worked out great so far. I'll be a millionaire in a year as sure as the sun rising in the East. Why risk that?

>>25564854
DR;NS STINKY NOCOINER
DIE POOR

>>25566871
It's Paolo and his Chinks. There are no Slavs involved with Tether.

>>25566724
It's not that difficult. A loan from 2018 to bitfinex is investigated where the assumption by the attorney is that it was taken simply from the fundings of the people who exchanged fiat for usdt. Basically it will be examined how and with what usdt is backed exactly. Also they investigate if us citizens are among tether's customers (you won't believe it, but there are singular persons from the us using it). Tether was prohibited from dealing with us citizens. They'll get clusterfucked. However i admit i don't know how it will play out for btc. I know there are people who predict the end, desu i don't think so. Could even be that the chinks who are dependent to stay in usdt the whole time because they have no proper yuan off on ramp caused this rally because they wanted to be in btc and not usdt. But the fuck do i know, for tether it's certainly not good.

>>25566773
TLDR:

>BTC exchanges start seeing demand for crypto usd around 2015 so they can shift from fiat for fast trading
>Start inventing stablecoins
>Chinks and jews in Hong Kong invent "tether", an erc 20 token that is supposed to be the USD of crypto
>The exchange prints literally 20 billion tether out of nowhere, causing every bullrun since
>Have no proof that their USDT token is worth $1, because they didn't show liquid backing
>In the last 3 days they printed something like half a billion usdt
>NY AG gave them a deadline to present evidence by the 15th
>They won't have the backing because they only pressed "mint" functions on their shitcoin and printed it out of nowhere
>USDC has liquid backing and will be the stablecoin of choice because it's backed by USD, which the US government loves
>But the giga crash will happen anyway because they don't have the $20B and will get assraped, causing an absolute meltdown of exchanges and the whole crypto market

Hope that helps

>>25566871
Ohhhhh so you're just parroting what you read on /biz/? You didn't read the actual lawsuit?

That is so cute haha! We need people like you or there would be no one to sell our bags to. Godspeed anon!

>>25567089
That's not my information, it's specifically about a loan and insufficient backing. What's your source that they investigate on btc price manipulation? I'm honestly curious.

>>25566974
I reckon Paolo was doing bussiness with someone from Poland or I may have confused it.

I wonder if Jihan was ever involved in fake USD minting to keep his mining shitshow going.

Everyone itt shitting on OP not realizing it's all true and he is genuinely trying to help you lol

>>25567089
Wow haha another person who hasn't even read an INKLING about what they claim to know so much!

Amazing. Thanks for the info guys!

>>25567089
That's different lawsuit. They have two lawsuits going on. The one from NY Ag is about using clients money or some bullshit. The other is for 1 trillion for manipulating the markets.

https://www.theblockcrypto.com/post/67379/amended-lawsuit-filed-against-bitfinex-and-tether-for-allegedly-manipulating-crypto-market-bittrex-and-poloniex-added-as-new-defendants

here I don't even know why I'm feeding you https://twitter.com/PeterMcCormack/status/1346384802233114625

>>25566871
You are a complete retard and do not understand this market at all.

>>25566871
they are italians, it's even worse

>>25567089
Tether was actually created and grew out of Bitfinex desperately trying to plug a hole in their accounts after a hack. Ironically enough. Rest isn't that far off the mark.
>>25567191
The 'people from Poland' is one patsy for Crypto Capital - iFinex's (Tehter/Bitfinex) prior money launderers who were using Polish banks (among others) and made the magic of $850m vanishing. Oh dear. They can always borrow it from tether reserves, and write themselves an IOU tho. Can't they.

>>25567267
Nice. Doing a podcast instead of audit is sure going to make everyone feel better.

>>25567267
>go on podcast and say everything is alright
>still don't prove USDT is fully backed
yeah i'm thinking a crash is coming. Can't wait to buy up

>>25567439
i think he's going to print live

>>25567439
with that famus award-winning hard-line investigative journalist Peter McWho?, no less..

>>25567256
>https://twitter.com/PeterMcCormack/status/1346384802233114625

Failure to deliver on the 15th will just accelerate uncertainty towards the big lawsuit involving the gazillion printing to manipulate the market. The fuckers from the SEC have waited for a bull market for the attack. What a shitshow.

>>25566467
fuck yeah. I'll be ass raped by niggers in jail but once my ten year sentence is up I'll have like 50 mill in my pocket. wouldn't you?

>>25564854
That’s what I find funny, most people forget about the top part of your image that happened at the end of 2018 when btc crashed from $6k to $3k, I remember seeing that live

>>25567856
I wonder what retard made this low iq chart that gets posted on and on. Ffs it's clear that tether and bitfinexis are shady companies that are in deep problems now. But anyone who says muh doomsday for btc also is a screaching faggot. No one really knows how it will turn out. It could well be that tether isn't even under us jurisdiction.

>>25565380

>TA

AHAHAHAHAHHAHAHAHAAHAHHAHAAHHAH

>>25566415
Proof of short would show skin in the game and conviction.
Anything else is: speculation.
You. Are. Speculating and building speculations on speculations. That's it.

>>25568033
>find just ONE US user of Tether
>Bingo! you just won jurisdiction..
they already lost that battle

>>25568033
Come on now. You don't get a free pass pretending to create dollars even if you're on the other side of the planet on some shithole african island.

Creating dollars is the monopoly of the jews bro. You're cutting into their turf.

>>25567856

so is shit really going down with tether?
how firm is the jan 15 date?

>>25566963
See you on the 15th. You think green line go up forever? You think this is organic? You're in for a surprise, nigger.

>>25568130
I'm really not defending tether, you should see that from my previous posts, but isn't that more of a problem? They are located in hongkong, they managed to get some shady panama bank to help them off on ramping. What do you think they could do? (Honest question).

Last time this happened Bitcoin pumped. When there was massive tether fud.

>>25568256
>They are located in hongkong
Actually they are headquartered in Seychelles

>>25568204
Jan 15th is only the deadline for document submitting to attorney, they'll need weeks to decide next steps.

alright so when everything dumps on the 15th then we scoop up all the shitcoins right

>>25568302
'Tis an old trick we play on newfags at the start of every run. You'll see.

>>25568314
I think they were on the seychelles but are incorporated in hk atm. But i could be wrong.

>>25568302
right before it crashed you mean

>>25568319
Well apparently, according to CoinDesk’s article, tether cannot loan to bitfinex after that date (assuming it’s not delayed again). If someone could find me an actual source for this that would be great

>>25567856
Nice indicator

>>25568419
No, the loans were prohibited by the judge based upon an interim disposal until at least 15th of january, the date they should show everything is ok with the loan.

>>25568419
No, they cannot loan now. That's why they have been laundering the money via Binance.

>>25568556
Source

>>25568594
Can you explain what you exactly you mean with binance money laundering?

>>25568594
I heard something like that, interesting, source?

>>25568596
Look it up yourself, it's common knowledge, you can find it x times in the last threads here. Never trust these idiotic crypto newspapers, they're written by interns mixing up everything.

>>25566648
why not short then, you could make a fortune

>>25568730
Checked the archives and found zip, why don’t you be a bro and send me something useful

>>25569071
1 min on google, last paragraph
https://www.nasdaq.com/articles/judge-orders-bitfinex-to-turn-over-tether-loan-documents-again-2020-09-17

>>25568756
Finally, anon. Finally...
If tether fud anons actually believed what they said and they knew for sure any outcome with absolute certainty, as they imply that they do, they would short BTC and become filthy rich.
Why would they talk about it with you?
Rhetorical.
These anons could be:
1) nocoiners
2) folks getting short squeezed now
3) gold bugs
They are for sure speculators, speculating on many, many things.

>>25568256
>What do you think they could do?
not my carwreck, but..
Tether as such would be a viable concern, legal difficulties here or there by side - all depends how much is actually missing. If it were a couple of $billion or so max, they come to Jesus, publicly fire a few people, have an audit, co-operate with the NYAG/SEC and negotiate a fine, haircut or (yet another) funding round with the exchanges or get takeovered, good is. IF however, as probably most suspect, theres $5b+ amiss, the walls are papered with worthless IOUs and theres a few thou left stuffed in a pillowcase someone forgot to grab by fleeing.. then, its Game Over. That is then a bigger hole than, say, WorldCom fraud and aint no-one filling that again in any hurry. But continually bullshitting and 'this is fine..' - thats no longer working and people just assume the worst. Probably, correctly.

>>25569261
> CONTRIBUTOR Nikhilesh De CoinDesk
I mentioned earlier the source I had from was CoinDesk. Anyways I found this:

https://www.courtlistener.com/recap/gov.uscourts.nysd.524076/gov.uscourts.nysd.524076.154.0.pdf

>>25570633
Interesting. I'm not so familiar with us law but i understand this is some kind of counterletter to tether's defendants. What i find mostly interesting is the mechanism they describe how the fraud happened: Tether should have been burnt on chain by bitfinex when a user converts to usd, but it's suspected that these funds were used on chain again - to buy btc. That's good info anon, everybody always blabers about tether randomly printing and buying stuff, but that mechanism is very elaborate. No one has overview of on chain tethers apart tether itself.

i don’t understand why they fucked with the $$$ by essentially printing 22 bns of it

google trends is picking up. give it a week and it''s dead

bull trap

>>25566871
>The slavs that run that
Legit fuckedinthehead. Tether is run by the Chinese. They used to operate out of Taiwan for a while.

Also, Tether FUD is a lot older than 2018. It's been going on since at least 2016.

>>25564854
And your chart shows no context whatsoever. Oh no, huge inflows of Tether into Bitcoin! What date? What exchange or exchanges?

Grayscale is putting anywhere from one billion to three billion per month into BTC for the last year. You think they're using Tether?

>>25568756
>>25569278
But the short is paired to USDT, so what would you stand to gain if you're betting tether collapses?

>>25571594
Yep, i need to review it further but this is clearly anything but a nothing burger in the grand scheme of things

>>25570633
Nice find but just because $22 billion out of the crypto market's valuation is made of funny money, counterfeit dollars it don't mean shit. Unless the media starts pushing that narrative.

we told you to buy PNK, Statera, RSR and BOND. You didn't listen.

>>25572184
kek still posting this huh? i bet you said we were at the capitulation phase several months back ;)

>>25572588
I don't think so too, this is massive and extremely elaborate. Did you read the section with the only two different addresses that sent the money to various exchanges? With it they try to conclude the tether cannot have been bought before with usd. Also the part were mostly usdt being used to put floors at round numbers is interesting, so they could really prop it up. I wonder how that attorney's guys got so much crypto knowledge? I doubt the whole thing is fake, it seems like profoundly written incl. thousands of the reference cases you need in us law.

>>25572612
Lol, the "institutional invetsors" will get assraped.

any second now schizo, any second