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14795537 No.14795537 [Reply] [Original]

Even if Tether crashes and burns, the market cap is insignificant compared to BTC. Is it really a problem?

>> No.14795544
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14795544

Should we tell him guys?

>> No.14795550

>>14795537
there are numerous other stablecoins that would take its place.
but there is nothing actually that wrong with tether at the moment...

>> No.14795555
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14795555

>>14795550
Oh man you moonboys crack me up

>> No.14795564

>>14795544
Tell me. I'm listening

>> No.14795570

>>14795555
Check those quads. You’re fucked, btc is the true 1k by eoy

>> No.14795584

>>14795570
nah...5555 is chinese for 'wrong'

>> No.14795601

>>14795537

Market cap is a meme. The volume is pretty much 95% tether. So if tether explodes, 95% of the volume will go away.

The leak bitfinix logs by new york investigation showed people behind the scenes thought it would go under 1,000 usd if they don't get tether.

Even this pump from 3K to 10K is pretty much just tether. Every time tether prints money the prices goes up 1K. Tether been printing a ton of money.

>> No.14795638

>>14795601
Hmm.. I see.
But as >>14795550 suggested, couldn't people switch to other stablecoins? Or just other coins in general? Some exchanges even have plain fiat on them. I'm curious as to how it would happen.

>> No.14796017
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14796017

bump