TETHER

[Anonymous No.14943478]

Give it to me straight. Is it a real problem? After yesterday's thread I don't think it's "just" FUD anymore. I used to think it was bullshit.

Is tether really the *ONLY* reason BTC pumped to 20k? Are we going back to 1k if it collapses, and not pumping again until crypto is regulated enough for real institutions to step in?

Also, is there any situation where tether gets fucked, but someone/exchanges step in and prevent the entire crypto market from going -90%?

[Anonymous No.14943512]

And also, what is the likelihood of link showing resilience in a tether collapse bear market? Of course it would crash at first with everything else, but could it pull off serious gains like it did in 2018, with real development and progress?

Would all of the shit/scamcoins in the top 15 unironically bleed to 0, with real projects like link surpassing them?

If we saw regulation step in after a tether collapse, I somehow think this could be unironically bullish for link in the medium term. Without tether, most of these scam wash traded coins wouldn't be propped up by anything.

[Anonymous No.14943536]

>>14943478
Don't you see what is happening in BTC now that tether dont print new money? There is the answer.

[Anonymous No.14943559]

>>14943512
Tether is not fud.

btc is going to sub 1k.

Link is going to ICO prices.

[Anonymous No.14943561]

>>14943536
Yes, I realize it's bad, but the question is HOW bad? Is sub 1k really possible?

Also I'm really looking for an answer for this
>Also, is there any situation where tether gets fucked, but someone/exchanges step in and prevent the entire crypto market from going -90%?

What can realistically be done?

[Anonymous No.14943587]

>>14943559
>Link is going to ICO prices.
I genuinely doubt it's falling to 10 cents. Look what I wrote above.

Scams/shitcoins will 100% bleed to 0. Projects with real backing, promise, development, real world use case etc like link will be one of the few good bets. Organic (smart) money will flow into these projects while totally exiting all of the (unregulated) shitcoins.

[Anonymous No.14943605]

>>14943478
Tether was used only because fiat pairs were difficult to come by. If tether turns out to be fraudulent, it will hurt things a lot short-term, but there are still plenty of people with real cash waiting to buy the crash on Coinbase, Kraken, etc. I don't think sub-$1k is possible.

[Anonymous No.14943660]

>>14943605
ok but what about the fact that this run from 3k was largely propped up by tether?

what is the real difference between 1k ish and 3k? if the tether meme is real, we didn't go below 3k only because of tether? you're saying retail investors could've prevented this?

[Anonymous No.14943693]

>>14943660
>ok but what about the fact that this run from 3k was largely propped up by tether?
The run was barely any more propped by tether than the 2017 run.

Even if we hit 3k, it doesn't matter that much. BAT had a 3x before BTC followed suit a month later, for example. LINK is growing and will probably decouple as well once this tether bullshit is finally buried.

[Anonymous No.14943741]

>>14943561


1. Tether stops printing money and does not burn the existing supply.

We will have a progressive downtrend that will mainly punish BTC. Legitimate alts with FIAT pairs will be safe (now you will understand why Coinbase has only LINK / USD pair).

2. Tether stops printing money and burns the existing supply.

We will begin to have deeper wicks that will punish the entire cryptos market because people try to exit from markets and dont buy.

3. Tether keeps printing money because receive new FIAT.

This ponzi will continue and we will see BTC return to 20k in the coming months.

------------

Tether collapse could return BTC at $ 1000 (currently FIAT volume is only 10% of total)

Do not fall into traps that people will come to save us.

Yes, there are many idiots who are going to deposit their savings again but institutional money is smart and if they dont bought a few months ago with BTC at $ 3000 they will not came again.

[Anonymous No.14943749]

>>14943693
I don't know. I was in the thread last night and anons had some convincing arguments.

If they're right that tether doesn't even have 50% cash (not cash equivalents, this is just BTC lmao) to cover its coins, then this entire thing is propped up by tether.

Long term it doesn't matter, but it could have massive implications short term. And the longer it drags on, the worse.

[Anonymous No.14943754]

>>14943478
You'll be lucky if 1k is the bottom honestly anon. I was skeptical at first, but if you go back in the charts to when Tether came on the scene, and BTC started pumping, it was around 300....

[Anonymous No.14943777]

>>14943749
link to thread

[Anonymous No.14943782]

>>14943478
>tether collapses.
>USDC, gemini, DAI, TUSD, etc. immediately step in and fill the gap.

[Anonymous No.14943793]

>>14943782
>i have no ideia wtf i'm talking about, but i have a opinion

[Anonymous No.14943817]

>>14943782
100% impossible. Total combined value of said shit/stablecoins is around 2.5 billion. Tether is currently over 3billion with their 2.5 billion in circulation . Nice try, but fail.

[Anonymous No.14943825]

>>14943777
>>14926335

[Anonymous No.14943827]

>>14943777
>link
>777
checked

[Anonymous No.14943835]

>>14943777
checked

>>14926335

[Anonymous No.14943857]

>>14943782
Tether is used as market maker to create fake demand and increase BTC prices. Legit stable coins just is used to store value.

[Anonymous No.14943862]

>>14943827
Witnessed

[Anonymous No.14943887]

Option 1: tether is insolvent. people panic buy other stablecoins or BTC. BTC moon.
Option 2: tether has reserves. Confidence restored. BTC moon.

[Anonymous No.14943928]

>>14943817
>$3 billion dollars
>in a $266~ billion dollar market
>will definitely cause pump to $20k or dump to $0
Nice try bobo.

[Anonymous No.14943944]

>>14943887

[Anonymous No.14943957]

>>14943928
>he unironically thinks there are $266 billion in this market
>he thinks market cap works that way
>he thinks he is a "smart investor"
>he is waiting for "dumb money" to dump his bags on
>he doesn't know

[Anonymous No.14943972]

>>14943928
Imagine being such a fucking brainlet that you somehow correlate market cap with market liquidity.
Holy fuck, I don't even know where to begin with someone this impaired.

[Anonymous No.14943990]

>>14943957
Always will be people that will lost everything.

[Anonymous No.14943992]

>>14943957
This anon gets it!

[Anonymous No.14944002]

>>14943972
Fucking newfags. He will get rekt

[Anonymous No.14944017]

>>14943972
you can begin if you aren't a retard.

[Anonymous No.14944044]

>>14943478
Market could pump 1 BTC = 1 million USD in a second, and with as little as $1.
I will buy 1 satoshi from you for $1. Done.

[Anonymous No.14944046]

>>14943741
>now you will understand why Coinbase has only LINK / USD pair).
Can you expand on this?

[Anonymous No.14944084]

>>14944046
Sergey doesn't want too much funny money propping up LINK. Also look at the image in >>14928821 which shows that the majority of LINK is being bought with BTC and not USDT directly, which will soften the impact

[Anonymous No.14944100]

>>14943928
holly shit you're retarded, let me give you an example why
when brapp was at 0.00000001 eth the total theoretical value of brapp was $180 000 because there's 69 billion coin, now will they be able to be all sold for this price ? NO
there was only $1200 worth of buy order at that time ( it's zero now ) so the real value of brap was $1200
the whole market is completely over valued

[Anonymous No.14944106]

>>14943835
thanks fren

good thing i'm on link, tether can crash any day and take the whole ponzi with it, long term does not matter for link

[Anonymous No.14944132]

>>14944046
If BTC finally crash, BTC pairs will be abandoned and used FIAT pairs to increase stability in legit alts.

If you check any exchange, when BTC is dumping, alts dump more in sats

[Anonymous No.14944135]

Its a huge fucking problem. Donald Trump will make bitcoin and all crypto a federal felony to possess as a US citizen within the year.

[Anonymous No.14944145]

>>14944100
I'm pretty sure you just made a bunch of anons heads explode with that little tidbit of info lmao

[Anonymous No.14944150]

>>14944106
Well link would crash in the short term but I think it would take the bear market by storm this time. It could reach top 5 simply with everything else falling down around it. I refuse to believe all of the shitcoins/scams in the top 15 can survive without tether.

Real, regulated projects with real use case will survive and moon into the future.

[Anonymous No.14944315]

>>14944150
link will do what it did last bear market, stay afloat because it has strong fundamentals

[Anonymous No.14944337]

>>14943928
This. The market proved able to swing billions of dollars in the past few years.
A carousel like this won't stop because Bitfinex goes down. There are enough parties willing and able to fill a chump change void of a few billions.

[Anonymous No.14944349]

>>14943478
the hope is that another stable coin will replace Tether by the time it kicks the bucket
for instance RSV and MKR

[Anonymous No.14944365]

in anyone is interested, this is their proof of fund
https://tether.to/
https://tether.to/wp-content/uploads/2018/06/FSS1JUN18-Account-Snapshot-Statement-final-15JUN18.pdf

>BANK 1:$1,968,538,584.82 USD (unencumbered)
>BANK 2:$576,528,652.00 USD (unencumbered)
>TOTAL: $2,545,067,236.82 USD

L O L
O
L

it has not even been updated since 2018

[Anonymous No.14944374]

>>14944135
Now that would be when the fun begins

[Anonymous No.14944383]

>>14944365
It's only 1 billion shy, what could go wrong...

[Anonymous No.14944414]

>>14944365
You should remove 750m of 850m that Bitfinex got from their account a few months ago.

Current circulating supply: $4b

> This will not age well

[Twitter.com/KadaneZod No.14944514]

>>14943478
You tell me.

[Anonymous No.14944544]

>>14943990
Sirsly

[Anonymous No.14944565]

>>14944514
didn't bitfinex'ed get btfo'ed?

[Anonymous No.14944599]

>>14944514
this retard has been calling btc below 1k ever since it broke 1k

[Anonymous No.14944619]

>>14944565
Not once, not twice, not three times, but he got btfo'ed for 3 fucking years.

[Anonymous No.14944681]

>>14944599
Are you retarded? Leaked message is from one of chief officer of Bitfinex/Tether.

[Anonymous No.14944709]

>>14943754
Pajeets will sell kidneys and children to buy btc before it comes to that

[Anonymous No.14944742]

bTc To 1K bEtEr SeLl NoW

[Anonymous No.14944783]

>>14944135
Never ever happening

[Anonymous No.14944804]

Its not fud. Bitcoin will return to tripple digits. Even the 2014-2017 bull run was propped by tether (tho it wasn't extremely fake like this one).

Now, about your last question. The exchanges (the real market makers) know that the cycle has to continue, triple digits is inevitable. Even finex and Binance were directing the market towards sub 1k BTC, if NY AG had not dismantled tether we would be there, but we had this ridiculous pump that only lethargy the bitcoin cycle. So no, nobody will save the market this time, specially when regulations are coming.

The interesting thing is that the market will grow again, if you can time the bottom this time you can make it (tho not sure what will be the future of BTC)

[Anonymous No.14944833]

4k maybe

Then to to 10k. And beyond

[Anonymous No.14944914]

>>14943749
So you're telling me, and expect me to believe, that Tether is just as worthless as the USD? Fuck off.

[Anonymous No.14945044]

Holy shit, this thread is peak delusion. There is literally no evidence for any of this, jesus christ. I hope you all commit suicide, just like capslock anon.

[Anonymous No.14945056]

Imagine thinking bitcoin could ever drop below 9k again.

[Anonymous No.14945131]

https://cryptobriefing.com/morgan-stanley-crypto-tether-bitcoin/
This shit is manipulated to hell.

[Anonymous No.14945146]

bitcoin will visit 6K within the next 3 months

>anime-fags really think we are going to 50K eoy KEK

[Anonymous No.14946085]

>>14945131
Proportions don't say much though on their own. Tether didn't increase as much as fiat pairs decreased.

[Anonymous No.14946862]

My best guess: Tether collapses, Bitcoin tanks terribly until the halvening (3-4k seems realistic, but who knows), then moons to 100k.

BTC's core value proposition has nothing to do with tether. Like Mount Cox, Tether doesn't matter in the long term, but it'll give many of us good buying opportunities. Even (escpecially?) if things seem cataclysmic, even if it seems like Bitcoin is dead for good, you just need to tune it out and buy.

[Anonymous No.14946966]

>>14944100
its even more overvalued than anyone realizes, because stablecoins get counted in the crypto market cap, which is the dumbest fucking thing in the world.

[Anonymous No.14946974]

>>14946862
lol, you think Mt Gox is done affecting the market.

[Anonymous No.14947002]

>>14943478
An asset backed coin is not only insanely centralized. It's subject to overregulation, scaling issues, security breaches and corruption.

Tether is big now because the market needs a stablecoin, but it's not going to last.

Buy RSR while you can

[Anonymous No.14947015]

>>14947002
What does rsr do diff?

[Anonymous No.14947073]

>>14946974
>lol, you think Mt Gox is done affecting the market.

Maybe we get a Gox dump somewhere, but that really doesn't matter long term either.

[Anonymous No.14947075]

>>14947002
Reserve.org

[Anonymous No.14947252]

>>14947075
>doesn't mention DAI
Hmmmmmmmmm I wonder why

[Anonymous No.14947297]

>>14947252
>i dont know what MakerDAO is

[Anonymous No.14947308]

>>14945131
Interesting. The market was going down the entire time USDT was gaining dominance and it decreased in this run.

[Anonymous No.14947613]

How did iFinex lose the 850 million dollars?

[Twitter.com/KadaneZod No.14947633]

>>14947613
Wrong size/price on etherdelta.

[Anonymous No.14947736]

>>14947613
Could I be answered by somebody who doesn't link their posts to a god damned twitter page?

[Anonymous No.14947760]

>>14947736
Seized for being money laundering proceeds ie dirty money

[Anonymous No.14947765]

>>14947633
kekd and checkd

[Anonymous No.14947868]

>>14947015
Stable coin maintained by fluctuating minting and dumping of reserve assets. RSR is the reserve coin and it's going to be a swing trader's dream.

[Anonymous No.14947880]

>>14947760
For real? So iFinex just lost 850 million dollars of some Chink mafia's money? Forget the New York Attorney General, are they going to fucking die?

[Anonymous No.14947891]

>>14943478
No, Tether is not the reason BTC rose. Tether is potent fud used on the masses and by buttcoin to explain price action. Notice how they only talk about Tether when the price is down? It's similar to those who explain that BTCs 2014 bear market was due to MTGox when if you look at the chart, the story is different.

There's a model that suggests that during the right market, a tether collapse would cause only a momentary dip in BTC price, similar to the China ban causing hardly a blip in price.

Anon, trust price action. Is pure.

[Anonymous No.14947903]

>>14947891
yes alas le tether is crystal clean you see a 100x logn on le cron is neccessary yes.

[Anonymous No.14947926]

>>14945131
This makes it look like Tether is a parasite on the market and was wholly unnecessary for the 2017 bull market.

[Anonymous No.14947946]

bro whether its tether or the fed they will just keep printing dollars out their buttholes, either way, bitcoin wins.

[Anonymous No.14948083]

>>14944365
>https://tether.to/
>using the pdf instead of live update
https://wallet.tether.to/transparency
Use this one monkey. It's all there.

[Anonymous No.14948115]

>>14943478

link to yesterday’s thread?

[Anonymous No.14948158]

>>14944106
No you're right. Link is going to 80c no matter what. Doesn't matter long term what tether does.

[Anonymous No.14948171]

Tether is how THEY want to boycott crypto.
Imagine if 2017 ended with BTC at a healthy 2017, growing 10% each year, with people actually USING it for something beside speculation.- and setting the stage for a legitimate 10x growth once the next crisis exploded.

[Anonymous No.14948278]

I see schizos are out at full force today

[Anonymous No.14948554]

>>14948171
This. They not only turned crypto into a speculation heaven. They also use tether to accumulate mote Bitcoin. Until they own more then the half of all bitcoin. Then they suddenly will shift their tone and say bitcoin is the best thing ever and everyone should use it.

[Anonymous No.14949083]

>>14944599
The message is from fucking Giancarlo, former CEO of Bitfinex.
The message is part of evidence in the NYAG investigation.

[Anonymous No.14949919]

>>14947891
Fucking spic monkey