TETHER AND THUS THE MARKET IS DONE

[Anonymous No.14816489]

There is zero chance Mnuchin is not thinking of Bitfinex/Tether/NY AG. In trad'l markets you often have conflicts of interests that prevent things from being fully purged--Goldman relationships, private deals, etc. W cryptos/Finex/#Tether/ $LEO, there is no conflict of interest.

[Anonymous No.14816546]

>>14816489
He's not wrong and appropriate regulation will allow this market to finally break out of crab phase back into bull with every other ponzi market (stock, real estate, etc.)

[Anonymous No.14816589]

>>14816546
are you dense
compare the tether marketcap growth from april 2019 to the btc/usd price uptrend since april

if tether gets busted, prior lows at $3k MINIMUM.
most likely breaks it and bottoms out in the $2000s

[Anonymous No.14816598]

>>14816489

As soon as they get rid of tether if they do, a new stable coin will pop up. Cat and mouse again till gone. then a new one. and so on. with some more reputable and transparent coins stable coins in the mix.

This is literally a monster they CANNOT kill, due to the nature of how crypto works.
Every time they cut off a head, 5 new ones appear. the landscape becomes more mature, the technology better, and people more comfortable using it.

Then suddenly, an old very powerful institution(like facebook) try to capitalize with all their connections on money as they realise this. The governemnts have an insanely hard time doing anything about it. massive legal battles take place and red tape with cock blocking, all while the more unregulated sector has many more stable coins popping up.
They can literally do nothing about crypto. It has reached peak momentum. its too late for them. This all blindsided the world governments, and now they will hopelessly try stop it before they realise they cant and try get a piece of the pie. They are very scared.

[Anonymous No.14816630]

>>14816598
A stablecoin can only replace Tether if it can find billions in backing AND a shady exchange like bitfinex to front it. Not gonna happen again.

[Anonymous No.14816632]

>>14816546
Incorrect.Libra woke them up and they will destroy this whole market starting with the collapse of tether.Can you imagine the meetings between the most powerful people in american finance after hearing about libra?They all would have been shouting to take crypto down.They literally lose nothing by taking down crypto,NOTHING,no conflict of interests anywhere, just securing their wealth and position in society.

[Anonymous No.14816647]

translation:

We can't have any competitors to our shadow dollar dealings.

[Anonymous No.14816659]

>>14816489
The ones that are done and should be tanking are the govs and their fiat system. They are proving over and over to be scared and at risk by crypto. People and the media is reading the whole thing the opposite way.

[Anonymous No.14816683]

Can anyone recommend a good stable coin on binance? Pax or TUSD? I've got 35k in tether I need to move

[Anonymous No.14816688]

>>14816630

And it will.
It's too anonymous, decentralized, and the funds are too hard to track.
Even if tether gets shut down, I can guarantee some new "branch" will open with people formerly involved with a huge Market Cap off the bat with the "funds".

and when they gets busted, another 5 more mature and legit stable coins are already here, while a new tether appears again with questionable funds, which again, takes years to crack, all the while, again, the landscape matures.

They cannot stop it anymore.

[Anonymous No.14816733]

>>14816630
Research RSR

[Anonymous No.14816746]

>>14816632

Yep, and while they are so focused on Libra, Amazon start their own.
then microsoft.
then apple.
All these trillion dollar companies.
They simply cannot win anymore. They ban crypto in USA? No problem im sure plenty of countries will help these TRILLION dollar companies set up instead.
And while they are playing endless legal softball with these companies, the unregulated sector will be growing and going crazy too.

They simply cant win now. Its too late. they let crypto grow way too much before they realised. Its reached its exponential momentum now and it cannot be stopped like it could have been a few years ago.

[Anonymous No.14816782]

>>14816688
and every iteration will become tougher to crack. People learn from other people's mistakes
also c#ecked.

[Anonymous No.14816784]

>>14816659
you sound like you are from a hippy commune from the 70s.Crypto was just something for us to all gamble on, and fraudulent exchanges to literally print money.Libra literally just scared the living shit out of everybody high up in the financial world.Every top financial analyst would have been paid x5 overtime to spend every hour since then studying cryptos weakness so they can tell their bosses in top positions how to take this market down, and they would have all come back with going after tether.Its over.

[Anonymous No.14816815]

>>14816746
>peak delusion
Ah so this is what a true believer sounds like. Truly crypto is a modern age religion.

[Anonymous No.14816923]

>>14816683

USDC is the safest, IMO

[Anonymous No.14816970]

>>14816630
Nope. RSR can

Problem is the team will be shut down before it can get off the ground

[Anonymous No.14817023]

>>14816970
That would be the case with different investors.

[Anonymous No.14817077]

>>14816630
Just back it with gold and get the dollar price through that. Easy
Because of nocoiner bitches like you ill make sure to annoy all the wagies in my spare time as btc entrepreneur

[Anonymous No.14817098]

>>14817077
It only works if you back it with nothing but sweet promises you absolute dumbass where are you going to buy billions in gold anyway? Keep it in your btc headquarters basemn

[Anonymous No.14817111]

>>14816598
There's already a bunch of stablecoins, how many of them continuously pump and dump crypto? None, only tether does that shit. Where's the USDC fud or the PAX fud, there's none.

[Anonymous No.14817126]

>>14816815

It is simply the acknowledgement of money being a claim on value and recognizing that printing more does not increase the value produced, it just dilutes the currency

[Anonymous No.14817146]

>>14817126
>be me Tether
>print 100million every 3 days with nothing backing it
>worth a dollar still on kraken

[Anonymous No.14817154]

>>14817098
You dont need to back it. Some people just want stable coins . Gold is quite a good stable coin. I think you are just a delusional salty nocoiner. While i get rich you will be working tranny

[Anonymous No.14817157]

>>14816598
They can create a regulatory definition that captures stable coins and fine US exchanges that deal in them. No cat and mouse, nipple rubbing, hurr durring around the letter of the law required. The only option would be to offshore or not play.

[Anonymous No.14817169]

>>14817154
You know what the ultimate proof is that the game is up for good? Just one jarring thing. THE FUCKING Tether PRINTERS WENT SILENT.

[Anonymous No.14817178]

>>14816632

"Senator Hershelstein, there is a Libra crypto coin called Tether and they printed 5 billion of them the other day"

"SHUT IT DOWN"

[Anonymous No.14817212]

>>14817146
i used to believe that it wasnt backed, but i think it is. the problem is that it is backed by black market money (drugs, human trafficking, etc) and the USA will shut it down.

[Anonymous No.14817222]

>>14817178
“By accident, sir. Yes they accidentally printed five billion dollars. Then undid it.”

[Anonymous No.14817223]

>>14817169
Dont get nervous then when btc starts rising again in a couple weeks dumb bitch
Correction was overdue

[Anonymous No.14817236]

>>14817169
Really makes you think

[Anonymous No.14817255]

>>14817223
I’m not nervous, I wish it would go up. But I am also not blind to my own greed.

[Anonymous No.14817271]

TRUMP, YOU CUNT!

[Anonymous No.14817282]

>>14817255
No you are retarded you dont even understand simple math now fuck off to the rathole you came from

[Anonymous No.14817284]

>>14817222
>“By accident, sir. Yes they accidentally printed five billion dollars. Then undid it.”

"they used to say each tether was backed by a dollar, but they can just print as many as they want and buy bitcoin and sell it at any price, it is literally a zero cost money printing machine for them"

[Anonymous No.14817295]

>>14817212
Yea im sure that accidental 5b was backed... by accidental money laundering

[Anonymous No.14817326]

>>14817282
>t. Increasingly nervous baghodler whose bags feel heavy all of a sudden
First crypto winter? Hah!

[Anonymous No.14817348]

Glad I already pulled out of the market yesterday.
Tether/Bitfinex have so many skeletons in their closet they are very likely to be brought down by the US govt with the ongoing lawsuit. It's not guaranteed but highly likely that an offshore poor man's fake USD treasury won't be tolerated.
Look at the whole situation, including market cap movement for Tether and BTC, and the fact that 90% of BTC trading is Tether and likely most of it wash trading, and it should be clear the collapse will crash the whole ecosystem.
They can still run an emergency pump tomorrow and you may be missing out but there's far too much risk even by crypto standards to lose what has been gained in recent months. The Tether effect also seems to be wearing down, just like easy real world monetary policy isn't working that well anymore and requires larger and larger liquidity injections.
Could bring good buy opportunities at 1k-3k, 3k would be on the high end for the bottom if it really does collapse.

[Anonymous No.14817396]

>>14817284
Lol can you imagine how many of the top financial elite found this out since Libra and now are calling for tethers blood?Imagine the metal logistics needed to ignore the presidents tweet and the government press conference, both saying crypto was essentially the enemy and the “players living in the shadows are done”.I can guarantee the NYAG have been told whatever they need to put tether away they will have access to.

[Anonymous No.14817404]

>>14816688
which makes Facebooks attempt at a stablecoin laughable. They're asking for permission from everyone before going through with it. The Calibra guy got reemed today.

[Anonymous No.14817415]

>>14817157


...in which case they will. This isn't hard op. In fact, many exchanges will do this way before the US even forces to them. Binance are already kicking out USA users, Bitmex did long ago

[Anonymous No.14817449]

>>14817326
Says the no life faggot fudding on a slit eye painting board.
Do you really think this board has that much of a reach or are you just legit special?

[Anonymous No.14817466]

>>14817415
Doesnt matter.The usa are calling this a national security threat so they can take this down, no matter where they are located.

[Anonymous No.14817481]

>>14817449
Dude I get it. Say whatever it takes to help you cope. Reject reality and substitute your own. I have been there myself, it helps me get through the shit.

[Anonymous No.14817487]

>>14817326
>>14817449
How are your investments going? Scum

[Anonymous No.14817489]

We can all just blame Libra, desu.

[Anonymous No.14817507]

>>14816546
I cant wait to buy btc under 1k

[Anonymous No.14817515]

>>14817487
Update us in a year, remember not to sell!

[Anonymous No.14817517]

>>14817404
The problem is facebook has fucked up too many times, if a company with a better rep had attempted it everything would have gone far smoother.
Today pretty much everyone was shitting on libra because facebook has a bad rep, people were asking if facebook would have access to the user's info, if they would monetize that info, if they would block people's funds because of things they say or do on facebook (for example being a right wing supporter), facebook got fucking destroyed.

[Anonymous No.14817572]

>>14817517
>Peter Thiel: Hey Mister Trump, I have an alternative to Libra that you may like.

[Anonymous No.14817591]

>>14816489
The gears are turning as predicted
>>/biz/thread/S14327743

[Anonymous No.14817600]

>>14816632
Why didn't JP Morgancoin have the same effect?

[Anonymous No.14817610]

>>14817515
Havent been selling since a looong time haha. Actually made quite a bit trading and you why dont you show us yours i mean you should be rich shorting this bitch 100x or are you like a i said just scum who is all talk?

[Anonymous No.14817676]

>>14817610
I dont play leverage and margin lad. When btc reaches 1k, you will have lost 63k and your stack is worth 7k usd.

[Anonymous No.14817699]

>>14816632
They can try. Wouldn't the real goal be control?

By the way, why was India ahead of the US govt on requesting regulation?

[Anonymous No.14817719]

>>14817572
Exactly, not to mention he has an adviser from SEC.

[Anonymous No.14817725]

>>14817600
JP Morgan just got caught importing billions in cocaine and you wonder how they get away with making a digital currency?

[Anonymous No.14817781]

>>14817676
Started with 900€ and never bought any btc since 17. How do you cope?

[Anonymous No.14817802]

>>14817699
Because India is less liberal and have a more Authoritarian system of control.USA needs excuses ti put to the people before they protect their own interests.Libra just handed it to them on a silver platter.

[Anonymous No.14817806]

>>14817781
Congratulations on earning 6k usd in 3 years, or just over $200 a month.

[Anonymous No.14817817]

>>14817487
Please don't sell lol and keep us posted

[Anonymous No.14817828]

>>14816598
>an old institution
>(like facebook)

What did batman mean by this?

[Anonymous No.14817851]

>>14817806
Haha delusional nocoiner see you in the next quantitive easing round dumb bitch and cover your teeth trannies like you tend to get theirs kicked in where i come from

[Anonymous No.14817872]

>>14817212
The US government controls aspects of drug trafficking and human trafficking; Gary Webb did not die for nothing. There are two USAs. Always have been.

[Anonymous No.14817880]

>>14817851
Sure man you are absolutely right. Wave at us from your citadel yahear? Stay safe anon!

[Anonymous No.14817946]

>>14817212
100% moving money of cartels and sanctioned individuals. One does not simply give 1 billion to some sketchy shadowbank without any contract or even paper trail and then loses it once authorities take a peek and confiscate the money in multiple countries. Most of that money in the portion of reserves that are actually real is probably encumbered by shit so bad no wonder their first auditor ran for the hills before they even had a chance to delve deeper and deleted all information they ever dealt with bitfinex/tether from the internet. The fractional reserve fraud that most sceptics latched on is merely a side gig.

[Anonymous No.14817960]

>>14817880
I will shape it in form of a bbc so you can have uncomfortable boners when you see it from afar on your begging street
Have fun losing your job in automation and your wealth to inflation there is no hope for you

[Anonymous No.14817967]

>>14817946
>this is an internet conspiracy besmirching the good name of a reputable company providing a valuable service!

[Anonymous No.14817990]

>>14817960
I honestly wish you well anon, seeing the bbc will warm me up inside knowing you built the thing with me in mind. Something I can brag to the other beggars about!

[Anonymous No.14818035]

>>14816489
boomers are becoming afraid, best possible timeline

[Anonymous No.14818064]

>>14817967
IKR. Google Reggie Fowler, Crypto Capital, and Master US Workbook. Even the most hardcore FUDsters probably only saw a tip of the iceberg.

>>/biz/thread/S14327743

[Anonymous No.14818079]

>>14817990
You wont have to beg if you store you value. Dont be retarded fiat currencies are dying we are heading for a full blown recession and most people are already threatened by automation
I know it because im a dev and help them get automated

[Anonymous No.14818092]

>>14816489
>imagine the mongoloids who voted for this crooked administration

[Anonymous No.14818138]

>>14816630
Is bitfinex shady? All my funds are with them. Should i be worried anon?

[Anonymous No.14818149]

>>14816546
>appropriate regulation

[Anonymous No.14818241]

boomers seething
>"THE GOV WON'T LET IT HAPPEN, IT'S OVER FOR YOUR CREEPCURRENCY"
you can try regulating it all you want
it's not possible

[Anonymous No.14818262]

>>14817880
>>14817967
>>14817990
look at this seething nocoiner cope. stop posting itt pussy, nobody wants to read your shit posts. fucking solipsism fag

[Anonymous No.14818264]

>>14818064

i just realised... this fucking nigger was probably fronting bitfinexs money aka customers money as his own, got caught out and is now ratting everyone out.

>operating an unlicensed money transmitting business.

no way tether / bitfinex survives this, in light of what that mnunchin guy said.

https://thecomeback.com/nfl/aaf-original-investor-reggie-fowler-fraud-tv-demise.html

[Anonymous No.14818467]

>>14818264
Well done, someone actually takes their time to think. Now google Reginald Fowler Master US Workbook and open your mind to the possibilities that we don't even know about. Guy had worldwide money laundering network and he wrote the whole list of contacts and entities he did business with in his notebook like a dumb nigger. Also dealt with counterfeit money and more sketchy stuff. The sheer weight of that case is unfathomable and the silence about it is deafening. No revelations, simply calm before the storm. NYAG flex is just a side show. Once they are done connecting the dots the real FUD party begins.

[Anonymous No.14818520]

>>14818467
A nigger couldnt do this shit, hell even fronting would be hard for a nigger. This nigger is payed to fall I guarantee it.

[Anonymous No.14818556]

>>14816489
Reminder THE ONLY coin the complies with all government AML and KYC laws AND can effectively scale is BSV

Checkmate, BTCfags you shitcoin is getting the banhammer within a year

[Anonymous No.14818606]

>>14816489
Lmaoing @this kike and (((Trump)))

You can't stop Bitcoin boomer fucks

[Anonymous No.14818613]

>>14816546
Cuck

[Anonymous No.14818670]

>>14816589
how would tether crashing cause bitcoin to go from 9k to 3k?
if tether was to loose its entire 4bil market cap then bitcoin is going to loose over 100bil market cap?
despite what you may think, tether is not propping up bitcoin's price. they just printed 500mil a week ago and bitcoins price went down.

[Anonymous No.14818749]

>>14816632
Libra didn’t wake anybody up. Jews all work on the same team. If anything Libra was deliberately created for the sole purpose of achieving their goal of bringing the market down and or establishing regulations.

Everything is just a show for the goyim.

[Anonymous No.14818765]

>>14818467
>he wrote the whole list of contacts and entities he did business with in his notebook like a dumb nigger.
>Casino (1995)

[Anonymous No.14818794]

>>14816489
FUCKING ZUCKERKEK HAD TO COME OVER WHERE HE WASN'T WANTED AND CRAMPED OUR STYLE BY RILINGUP ALL THESE BOOMER FUCKS, FUCK THAT FAGGOT

[Anonymous No.14818818]

>>14818749
I could 100% see this being the case

[Anonymous No.14818897]

>>14818749
Why go to such lengths when they could just take down tether by following the money trail.Occams razor works best here, the old boomers laughed at Mah cryptocoins then shit their pants and started looking in to it when facebook announced libra.Mark my words, facebook killed crypto with this move.

[Anonymous No.14819017]

>>14817676
I will buy 20 bitcoins if it ever goes to 1k

[Anonymous No.14819060]

>crypto crashing because boomers are mad that diamond and silk videos aren't at the top of the trending tab 24/7