/biz/ - Business & Finance

[Anonymous No.17884143]

> BTC about to crash
NOT SO FAST

[Anonymous No.17884165]

>>17884143
BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

[Anonymous No.17884169]

BRRRRRRRRRRRRRRRRRRRRRRRRR

[Anonymous No.17884181]

>>17884143
How does Tether work? Do they just follow the Fed and push a few buttons to juice the markets? I thought there had to be some collateral with stable coins like Dai?

[Anonymous No.17884216]

>>17884181
>How does Tether work? Do they just follow the Fed and push a few buttons to juice the markets?
that's literally how it works, yes

[Anonymous No.17884359]

One day, this scam will fucking implode.

[Anonymous No.17884385]

>>17884181
lmao

[Anonymous No.17884436]

>>17884359
>doesnt understand
>it must be a scam then

[Anonymous No.17884463]

>>17884216
There's no burning of Tether? And here I thought BTC was the line in the sand against fractional reserve currencies.

[Anonymous No.17884474]

Don't tell me it's happening again

[Anonymous No.17884542]

>>17884463
>There's no burning of Tether?
oh yeah they do burn them, you know when they print 5 Billion instead of 50 million
that really show how controlled the printing is

[Anonymous No.17884565]

>>17884542
>fatfingers 5 billion into existence
lmao

[Anonymous No.17884744]

>>17884143
Who controls tether?

[Anonymous No.17884765]

>>17884436
>I actually like having another group of people who can just print money out of thin air

I wish I made tether I would just print myself millions of dollars like they do

[Anonymous No.17884785]

>>17884542
This will not end well. How intelligent are the mongoloids pushing the buttons.

[Anonymous No.17884822]

>>17884744
I honestly believe no-one does, not anymore.
And if i controlled it, I saf wouldn't be in any hurry to be publicly admitting such

[Anonymous No.17884850]

>>17884765
the best part is how easy it is to wash it clean
> print USDT
> send to exchange
> buy any crypto ( pump the price in the process )
> send it to a fiat exchange
> sell the crypto
> get real USD
it's like the perfect scam, the hard part was earning this market's trust luckily this market is retarded

[Anonymous No.17884887]

>>17884744
the same guys who own bitfinex

[Anonymous No.17884904]

>>17884850

[Anonymous No.17884910]

>>17884143
brrrrrrrrr

[Anonymous No.17884925]

BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR....

....ap

this is a nothingburger, just a little brap, a little toot on the market, will pump btc 50 dollars then crash it 2g

[Anonymous No.17884931]

>>17884542
wtf is this real?

[Anonymous No.17884952]

Retards still don't know how tether works? fucking retards. Its digital dollar, how else does real money turn into crypto money.

[Anonymous No.17884955]

>>17884931
yeah that happen last year
BTC jumped $600 just on the tweet

[Anonymous No.17884978]

>>17884850
Yes because its that simple.
Thats absolutely correct.

[Anonymous No.17885033]

>>17884978
yeah you have to go trough a few hoops but it's not that hard

[Anonymous No.17885049]

>>17884952
Cant tell if its classic fud or they really are this stupid. I remember when there was 30 or 40 tether threads a day.

[Anonymous No.17885057]

what does this mean?

[Anonymous No.17885076]

oh LOOK someone must have won the lottery twice today

[Anonymous No.17885113]

>>17885033
And how do you know someone didn't actually buy 25m from the treasury with real USD?

[Anonymous No.17885115]

>>17885076
Nice.
Nice round figure, is nice
1:1 backed, y'kno

[Anonymous No.17885226]

>>17885113
because it make no sense to do so
there's enough OTC counter for anyone with that much money to buy, and there's direct fiat pairs on several exchanges
also Tether has a history of evading audits and last year had to admit at at least 30 of the then 2.5B was not backed by anything ie; can't be trusted
you would have to be completely stupid to give fine millions in exchange for tether to just to buy crypto when you can just go to coinbase, bitstamp, kraken, etc and do the same directly

[Anonymous No.17885252]

>>17885226
>at least 30% of*

[Anonymous No.17885269]

>>17884143
bitfinex need to step up their game, the fed is outdoing them by a 60,000,000x margin

[Anonymous No.17885307]

>>17885226
fiat pairs come at high fees
If I had 25m I would also use tether. And I would buy in now
Also I believe they were audited last time shit went down and it turned out they were surprisingly fine in book-balancing terms

[Anonymous No.17885322]

>>17884181
Pretty much the same as the Fed, except Tether has 70% of their digital currency backed by physical dollars, compared to the Fed and other banks 0%(used to be 10%) “fractional” reserve. In a way, that makes Tether a more real currency than the US dollar itself. Clown world is real.

[Anonymous No.17885334]

>>17885252
like 70% is way higher than any bank

[Anonymous No.17885335]

>>17884463
>And here I thought BTC was the line in the sand against fractional reserve currencies.

[Anonymous No.17885430]

>Literally printing 5 billion each time btc is about to tits up

[Anonymous No.17885474]

>>17885322
>>17885334
that 70% is a lie for god sake
when tether was ~ 2.5B mc they were forced to admit losing 800M of backing, 800 of 2.5 = ~30%
that's where this number comes from, BUT THEY NEVER PROVED THAT THEY HAD THE REMAINING 70%
this stupid market just believed them even right after they were caught lying because this market cannot survive without tether

[Anonymous No.17885505]

Funny things is if you follow those chain swaps from Paolo you will find that there are just secret ways to send millions to exchanges like Huobi.

[Anonymous No.17885704]

>>17885474
Oh is that why the NYAG backed off? Because they were totally breaking the law? Even if what you say is true, they still had more backing than US banks even before this 0% reserve rate was implemented.

[Anonymous No.17885808]

>>17885704
> muh banks have no backing either
and somehow that make tether legit ?
the nyag was investigating if NY resident had used the platform they didn't care about the backing, and in the end they had no jurisdiction

[Anonymous No.17886228]

>>17885322
HAHAHAHHAHAAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

[Anonymous No.17886433]

>>17885704
bank deposits are backed and guaranteed by the Fed, you fucking disingenuous womble. Tethersself-stated 70% backing was comprised in part of 'assets' (ie BTC). Wonder how it since halving it worth affected that shitpile dubious guarantee?

[Anonymous No.17886540]

>>17886433
> Tethersself-stated 70% backing was comprised in part of 'assets' (ie BTC).
that would be even worst, imagine if there's a bank run on tether and those fuckers have to start market selling to pay up

[Anonymous No.17886564]

>JUST KEEP PRINTING MORE MONEY AND HOPE IT WORKS

so THIS is the power of US economy

[Anonymous No.17886565]

>>17886540
perfect storm

[Anonymous No.17886618]

Costs 5k to mine 1 btc in China, price won’t go too much below that.

[Anonymous No.17886652]

>>17885033
what boggles me is throughout 2019 how was tether actually worth MORE than actual USD?

[Anonymous No.17886673]

>>17884143

[Anonymous No.17886717]

print ze tethers
BZZZZZZZZZZZZZZZZZ
BZZZZZZZZ
now pomp it

[Anonymous No.17886762]

Imagine buying any crypto when tether is still around.

[Anonymous No.17886800]

>>17886618
please explain to me how the cost of production has anything to do with buyers willingness to buy ?
just because it cost you 5k to built something mean someone is going to pay that, buyers set the price, if none want to buy btc at 5k the price will drop regardless of the mining cost

[Anonymous No.17886826]

>>17885322
clown-world.com

[Anonymous No.17886968]

>>17886800
what buyers?

[Anonymous No.17887024]

>>17886968

[Anonymous No.17887361]

Somebody make the boomer brrrr meme but with the bitmex nigga printing tethers instead