[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 145 KB, 1440x912, Screenshot_20200403-130359~2.png [View same] [iqdb] [saucenao] [google]
18262938 No.18262938 [Reply] [Original]

>> No.18262942

Nah.

>> No.18262949

no, you exit fiat

>> No.18262954

I don’t see what the problem is here

>> No.18262968

>>18262938
nigga the whole world is printing trillions of dollars, euros, yen, whatever national currency. they are all mega printing out of thin air.

no one cares.

printer go brrrrr forever now. all printers

>> No.18262975

>>18262938
This is unbelievably bullish. This is all literally money already in the system/sidelines ready to flow to alt coin exchanges. If you don't have CKB and ALGO you are literally not going to make it.

>> No.18263000

>>18262938
I don’t know about you all... but because of Corona this is the first time since college that I’ve felt alive. I have lots of silver and been waiting for something like this to happen for 5 years. The point where things get so bad that 1 silver Roosevelt dime will buy me a blowjob from a formerly well to do housewife and her 18 year old daughter at the same time. I’ve been waiting in the shadows laughing at these cuck husbands who buy their wives range rovers instead of buying silver bullion... knowing that I’ll be face fucking their wives mouths for the 1.30$ it cost me to buy that silver dime.

Just yesterday at Whole Foods I seamlessly entered into conversation about Corona with a roastie milf that had a ring on her finger in the water aisle... and I said this is all a cover for trump to bring us back on a gold standard. She started looking at me in amazement like she wanted me to paint her lips in cum. At the end of the conversation I’m like take my number l have plenty of protection and freeze dried food if you ever need it and she took it from me.

>> No.18263011

>>18262968
kek this, fiat printer goes brrrr, tether printer goes brrrrrr, we all get rich we all just win forever

>> No.18263015

if BTC dips I'll buy even more for when the halving happens

>> No.18263028

>>18263000
>water aisle
god damn you had me up until there

>> No.18263029

>>18263000
Stories from the Basement: Return of the Larp

>> No.18263035

>>18262938
Never selling for fiat

>> No.18263143 [DELETED] 

When tether is generated it is because someone is purchasing tether which is equivalent to 1 USD, they are giving 1 USD up for 1 Tether. How hard is that to understand. GET A GRIP.

>> No.18263157

bullish

>> No.18263166

>>18263000
that roastie milf in whole foods was a man

>> No.18263181

>>18262938
Tether still has to be purchased with real USD before entering the cryto market, it doesn't matter if they print a trillion tether. Worst case it drives down the tether USD pair, making people put more USD into cryto

>> No.18263208
File: 97 KB, 1280x720, 1566831200984.jpg [View same] [iqdb] [saucenao] [google]
18263208

>>18262938
Why does USDT determine the price of BTC?

>> No.18263220

>>18263208
It's the biggest BTC traded pair, it's what everyone refers to when they cite the price of BTC, the BTC usdt pair

>> No.18263222

>>18263208
they throw money at it

>> No.18263228

Bears are getting desperate

>> No.18263252

$1 == 1 Tether. Those are new $ entering BTC market, how is that not bullish?

>> No.18263257

>>18262938
TETHER IS A SCAM!!! COLLAPSE IMMINENT!! Oh wait this isn't 2017 anymore forget it.

>> No.18263273

>>18262968
The clown pill is real

>> No.18263289

Tether is basically used to run willybot like algos on multiple exchanges. They cannot pump to ath anymore though because there's no new money so they just keep making huge descending ttiangles

>> No.18263306

>>18263000
>Takes your number
>Calls her baby daddy
>Yo we finna rob this white boy

>> No.18263403

>>18262975
Why CKB and ALGO?

>> No.18263452
File: 339 KB, 447x371, 1417589254894.png [View same] [iqdb] [saucenao] [google]
18263452

>BTC IS GOING UP THIS IS EXTREMELY BEARISH FOR BTC
lmao bearcucks are insane

>> No.18263467
File: 119 KB, 584x448, 1584712378515.jpg [View same] [iqdb] [saucenao] [google]
18263467

>>18263452

>> No.18263520

Indeed, better trust @grglippmann with that 70s talkshow profile image

>> No.18263538
File: 288 KB, 983x911, 1583016195607.png [View same] [iqdb] [saucenao] [google]
18263538

>>18263520
> not knowing who jared vennett is

>> No.18263584

>>18262938
what's teh correlation betweep tether circulatin supply and bitcoin price?

>> No.18263594

Low tier fud.

>> No.18263613

>>18263000
>Roosevelt dime
>not merc
dropped

>> No.18263632
File: 808 KB, 554x470, 1573718453594.webm [View same] [iqdb] [saucenao] [google]
18263632

>>18263000
this pasta is getting stale already

>> No.18263657

30%? That's fucking nothing, is this supposed to be a joke? Only 6.4 billion printed... The fed brrrs that much USD in five fucking minutes. If anything that means BTC is rock fucking solid precisely because they DON'T print money to keep the price UP. Comparatively it's like they are removing money from tether. I for one will continue putting my funds in safe havens like BTC while I wait this shit show out. I know it's about the worst possible way to spend money but I'd really like a house so I can set some roots,have my own little place. Nothing big, just a starter 2 bedroom place on five to ten acres close to town. With inflation and low insurance even if value drops further in won't mean much in 30 years.

>> No.18263665

Money printer go brrrr means Bitcoin is safe retard.

>> No.18263689

>>18262938

Tether is an one-way road scam. You are not supposed (and will be unable) to exit into fiat.

What else is new?

>> No.18263711

>>18262938
Umm yeah.. I'm thinking bullish after this weak fud

>> No.18263720

>>18263000
the guy who wrote that pasta the first time must be rich in royalties by now

>> No.18263725

>>18262938
>he doesn’t know
https://m.youtube.com/watch?v=jfx7PnMtCeY

>> No.18263736

>>18263220
I trade fiat for BTC
Why add unnecessary middle men?

>> No.18263740
File: 802 KB, 900x1200, EDB8E3D0-1350-4C24-B8B6-B1535D00ED7A.gif [View same] [iqdb] [saucenao] [google]
18263740

>>18262938

>people are buying tether to buy btc, particular at the end of the tax year
>this is so bearish!!!

>> No.18263751

>>18263689
>(and will be unable) to exit into fiat.
Why the fuck would you want fiat? If BTC moons just trade for shit with BTC.

>> No.18263792

>>18263689
Just keep it in fiat if you think it's superior.

>> No.18263801

>>18263657
>imagine being so fucking retarded that you compare tether printing to fed reserve printing but fail to relate that to a comparison between the size of the respective markets being printed into

Brainlets kys

>> No.18263805

Retards. People sell crypto to Usdt. So exchanges must buy more tether. This isnt good.

>> No.18263807

Doesn't this mean there is shitloads of non-taxable liquidity to flow into crypto at any point? Sounds bullish

>> No.18263816

>>18263801
Imagine being so retarded that you think Tether printing is like Fiat printing so when people buy Tether to buy BTC you see that as a sell signal.

>> No.18263821

>>18263805
This only works with retards who haven't even heard of coinbase or buying Bullion with BTC

>> No.18263836
File: 100 KB, 320x305, 28de2ba1211fe89005e0bec82f9c1190.png [View same] [iqdb] [saucenao] [google]
18263836

>>18263736
>Why add unnecessary middle men?
Because that middle men can print "money" out of nothing and pump the price to one point where they can market sell the quantity of btc they have been holding or the quantity of the prints that they had and then burn the supply that they created and hold the btc they got in the process. Pretty ez to make and you plebs fall for that shit no wonder why 70% of crypto market is 'jeets and chinks

>> No.18263848

>>18263801
It's not, that was my point. Learn to read you brain dead nigger.

>> No.18263852

>>18263805
pretty much this

>> No.18263888

>>18262938
A -20% flash crash is certainly happening, get ready to acquire and make some money for that moment.

>> No.18263921

>>18263816
Summary of your message
>imagine not being bullish for reasons not relating at all to the point being made made, god like so retarded!!
Just stop

>> No.18263924

>>18262938
this has got to be the dumbest fucking shit ever
if tether busts, it's tether that gets fucked, not bitcoin lmao
why is it so hard to understand

>> No.18263936

>>18263848
What is not? I am pointing out a missing comparison in your logic, I am not saying something is or isn't. Do not talk to me about reading comprehension.

>> No.18263939

>>18263000
>water aisle

>> No.18263961
File: 9 KB, 250x250, castanzaMFW.jpg.jpg [View same] [iqdb] [saucenao] [google]
18263961

>>18263816
> when people buy Tether
> people buy Tether
every single printing since February has been classified "as inventory replenish."
https://twitter.com/paoloardoino/status/1245837975310778368 they are literally admitting this is unbaked

>> No.18263972

>>18263936
Deflecting AND moving the goalposts. Nice, I'm sure your stepmom is proud.

>> No.18263977

>>18263816
Furthermore the post I replied to IS comparing exactly tether and fiat printing, is his point by the dimensions of your logic also void? Do you know what dishwasher tablets taste like by any chance?

>> No.18263988

>>18262938
Guys quick, how do I short bitcoin?

>> No.18263990

oh another seething bobo

>> No.18263989

>>18263972
Literally read the initial post again lmao, but good job still not addressing the point I made, and pointed you to again.

>> No.18264001

>>18263988
You need to have negative bitcoin in your wallet

>> No.18264013

>>18263252
that just would make tether worse less in pairing with bitcoin. That´s bearish you moron.
Also why would that even matter for bitcoin.
Everyone just can get BC with fiat.

>> No.18264035

>>18262938
If dollar's value lowers because of hyperinflation, wouldn't it be just as bad to move it to bitcoin? since bitcoin is primarily tied to the dollar?

>> No.18264037

>>18264001
HOWW? GUYS PLEASE STOP TEASING ME I CANT FIND THE SHORT ON ROBINHOOD

>> No.18264083

>>18262938
>6 billions in a 191billions total m.cap
>Someone told me on twider
Yes

>> No.18264092

>>18262938
So if biz tells me to pull out... I GO ALL IN NIGGER WOOOOO JUST PUT A SUICIDE STACK IN BTC

>> No.18264110

>>18262938
Not selling

>> No.18264115

>>18263011
ALL I DO IS WIN WIN WIN EVERY DAY

>> No.18264120

>>18263921
>>18263961
>>18263977
Seething bears, how are those liquidated shorts doing?

>> No.18264146

>>18263961


Bears:
>NOOOO TETHER LIE AND MANIPULATE THE MARKET U CANT TRUST THEN

also bears:
>TETHER MAN SAID THESE PRINTS SRE NOT FOR USE, WE CAN TRUST HIM IT WONT PUMP

>> No.18264172

>>18263452
>>18263467
>number go up

>> No.18264180

>>18262938
So why did this kike think that the devaluation of fiats is what's keeping BTC up? Oh right, he's lying

>> No.18264225

>>18264146
>also bears:
>>TETHER MAN SAID THESE PRINTS SRE NOT FOR USE, WE CAN TRUST HIM IT WONT PUMP

I never said that faggot
as a matter of fact if you take 2 minutes to check where the money is going you realize it just end up on exchanges, always the same amount going trough the sames addresses, the scam is clear as day,
but you bulls will never admit it you just want to make money on the ponzi, which is understandable, but then have the fucking decency to admit it

>> No.18264269

>>18263689
> You are not supposed (and will be unable) to exit into fiat.

i literally withdraw part of my earnings to fiat every week through coinbase.

>> No.18264310

>>18263181
>Tether still has to be purchased with real USD
You don't actually believe this, right? Because that would be retarded.

>> No.18264344

>>18264269
Coinbase doesn't have Tether and their fees are insane.

>> No.18264353

>>18264344
>send to coinbase
>withdraw to your bankaccount
you don't have to trade there dummy

>> No.18264370

>>18262938
Just sold everything. Thanks for this urgent message anon.

>> No.18264382

>>18264353
>>send to coinbase
send what ? coinbase doesn't have USDT

>> No.18264389

Yes totally impossible people could be entering the crypto market now we are 6 weeks away from a halving

That’s definitely not happening

>> No.18264406

>>18263836
Purchasing BTC with newly printed USDT puts upward pressure on BTC's order book which drives up the price of BTC. Burning the supply of USDT after that does nothing to BTC's order book. You're calling someone else a pleb and you don't even understand how price action works at the most basic level.

>> No.18264413

>>18264353
I just said coinbase doesn't use tether, what the fuck are you talking about cumbrain

>> No.18265847

>>18262938
The day Tether implodes is the day my loans on Aave get paid back for little to nothing.

>> No.18266192

>>18262938
no

>> No.18266224

>>18262938
The opposite is true. All the usdt will be used for wall street going full on in on gold & crypto. BTC will explode soon.

>> No.18266269

>>18262938
>jared vennett
>grglippmann
yeah, no, fuck off with all these fake twitter bullshit trading accounts

>> No.18266275

>>18262938
All these morons fudding because they don't understand stable coins.

>> No.18266424

>>18262938
That's actually bullish.
Why do you retards always tell us to sell the pump?

>> No.18267088
File: 48 KB, 900x350, D1DSmf4W0AAHWow.jpg [View same] [iqdb] [saucenao] [google]
18267088

>>18263751
>just trade for shit with BTC

I don't know if you got the memo, but BTC is not actually a usuable currency. It's a store of value remember? Or did you miss the past 5 years of crypto shill talking points?

>> No.18267130
File: 571 KB, 498x498, 1575935402601.gif [View same] [iqdb] [saucenao] [google]
18267130

>>18262938
>3 years in there's still people that don't know how tether works
holy fuck i love the crypto space

>> No.18267221
File: 341 KB, 1054x708, 1557245219245.png [View same] [iqdb] [saucenao] [google]
18267221

>>18263924
Tether is the only thing keeping up the price of BTC.

The price of BTC is the only thing that keeps miners in business.

The miner's are the only thing keeping the chain relevant. Muh hashpower, muh price, muh network effect.

Thus, Tether is the only thing keeping BTC alive. If tether dies, BTC dies.

>> No.18267234

>>18262938
This is super bullish, fuck

>> No.18267251

>>18262938
lmao has this guy never heard of BOGMBASE?

>> No.18267342

>BTC hits new ATH
>everybody tethers up
>tether is finally outed as the scam it is and implodes
>everyone sitting in it gets completely rekt, accounts go to 0
>biggest mass suicide in history ensues

>> No.18267351

>>18267221
>If tether dies, BTC dies.
If tether dies it's because USD died and BTC is already the world reserve currency

>> No.18267385
File: 22 KB, 777x75, Screenshot 2020-03-22.png [View same] [iqdb] [saucenao] [google]
18267385

.

>> No.18267534

>>18267342
>>BTC hits new ATH
>>everybody tethers up
this is where i stopped reading

>> No.18267595

>>18262938
BTC is a hyper-volatile asset with tons of illegal market manipulation, its value is determined solely by faith in its ability to go up.

>> No.18267617

Long 50X. Thanks OP

>> No.18267698

>>18267595
Market manipulation... do you think wall street pumping money into it equals manipulation? Or it rather trying not lose during things to come?

>> No.18267712

>>18262954

>I don’t see what the problem is here

Are you retarded?

>> No.18268072
File: 201 KB, 916x1200, 1563390748474.jpg [View same] [iqdb] [saucenao] [google]
18268072

>>18267351
Bullshit. Tether is not tied in any way to USD.

>> No.18268291

>>18262968
You saw printer go brrrr the past few years of crypto and it has been a trainwreck

>> No.18268334

>>18262975
this is wrong.
Usdt is used a safe haven asset by Chinese that can't store dollars in a bank. They don't care about crypto much.

>> No.18268345

Anyone wanna buy a small amount of LINK off me ? Using Venmo or something? We can do it a couple link at a time so no one gets scammed

>> No.18268478

>>18268334
>Chinese don't care about crypto much

LMAO!

>> No.18268552

>>18262938
>retards reading posts from literal retards on the internet sell all their btc
>bitcoin moons
>"why does this shit keep pumping"

This is bullish as fuck for bitcoin and the crypto market as a whole.

Do the opposite of what /biz/ says

>> No.18268600

>>18263181
Oh no no no, he bought the lies

>> No.18268729

>>18267712
The fed has been doing this shit for 100 years. No big deal.

>> No.18268847

>>18262938
This plus the halvening is extremely bullish. Could easily start the next bull run.

>> No.18268871

>>18268847
Hash rate dropping is bullish? Man this board has really lost it.

>> No.18268952

>>18268871
Smaller miners always halt when btc crashes, hashrate drops and their selling pressure is removed from the market. Prices goes up and smaller miners come back, hashrate increases as usual. Get used to it faggot

>> No.18268960

>>18268952
The amount of miners is determined by the profitability of bitcoin, which is being halved.

>> No.18268975

>>18263166
I love this meme

>> No.18268982
File: 221 KB, 1484x706, dfgsdfgdfg.jpg [View same] [iqdb] [saucenao] [google]
18268982

>>18268871
>>18268952
>>18268960
take a look guys

>> No.18269055

>>18268982
Bitcoin's price has to double to maintain the same hash rate. Maybe tether will print more?

>> No.18269080

>>18262938
The US pumped 1.5 Trillion and then going to put another 2 Trillion from the Stimulus. This is as bearish as it gets.

>> No.18269090

>>18269055
it is not zero sum
mining means expenses especially at these high levels
the whales have to pay the miners or the ponzy unwinds
there will be a moment when a big whale will just and dump first, then the music stops

but it will all be good if there is new money baited into hodling

>> No.18269115

>>18269080
inflation is ( velocity * money supply ) if the printed money is just to cover loans, that lowers velocity

money is created when loans are issued, when interest rate is zero, only loans with full backing will be issued, but that is already done, so we can get to a situation where no new loans are made, therefore no new money is created.

>> No.18269117

>>18262938
1 post by this ID

>> No.18269185

>>18264344
Traded 1500 usdt for usdc.
Sold usdc for usd on coinbase.
$1497 sent to my bank account.
$3 in fees to make my "fake" money "real".
Fuck off

>> No.18269343

>>18262938
we know, BTC is a ponzi scam

>> No.18269416

>>18269343
>sell before the pump
No

>> No.18269684

muh halvening. YOu guys sound fukkinc retarded. Normies are out of btc and whales don´t want to moon the price when there is no new buyers. If you are bullish now ur a fucking moron

>> No.18269726

>>18269684
BTC whales haven't seen the real whales yet. They are about to.

>> No.18269744

>>18269726
that was not real communism

>> No.18269748

>>18269726
>Billionaires will buy my bags because I need to be rich

Not gonna happen moonboy

>> No.18269772
File: 115 KB, 495x362, 1584922931655.jpg [View same] [iqdb] [saucenao] [google]
18269772

>>18262938
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA SHOULD HAVE SOLD 0.01 BTC AT 7200!!!! AAAAAAAAAAAAAAAAAAAAAAA

>> No.18269783

>>18269748
What bags? I bought BTC at 2500 und thereabout and Beverlys sold.

>> No.18269803

>>18269783
*never sold

>> No.18269834

>>18269803
*not yet sold

>> No.18269865

>>18269834
true dat

>> No.18269875
File: 62 KB, 434x500, d59fb97134fdde7d807814ef04c80150.jpg [View same] [iqdb] [saucenao] [google]
18269875

>>18262938
> I am in USDT and this makes me uneasy. Should I convert my USDT to another stable coin?

>> No.18269877

>>18269783
Nice, bitcoin will eventually go back to $2500, and then eventually $1000

>> No.18269895

>>18262949
It's funny how they're printing so much fiat for basically the opposite reason, to keep it's price down (prevent deflation)

>> No.18270064

>>18269772
nobody could ever predict these movements, dont feel bad

>> No.18270076

>>18269875
I just trade in fiat on cb pro. slightly reduces the chance of an exit scam.

>> No.18270084

If they can print over 1 billion in less than a month and nobody calls bullshit...Just hypothetically if you say it's a fraud and it is a fraud, what is the potential upper limit of their free money printing racket before it becomes too ridiculous to accept?

>> No.18270119
File: 9 KB, 300x318, Drevil_million_dollars.jpg [View same] [iqdb] [saucenao] [google]
18270119

>>18270084
This is the million dollar question.

>mfw using million dollar

>> No.18270287

>>18270084
vast majority doesn't even know tether mc / printing etc that's why, they could print a billion per month and the scam would just go on
most peoples have zero intention of cashing out they just want a lower entry price, that's why it's the perfect ponzi, as long as USDT holder think btc is a good buy and don't want to take their money out of the market, USDT scam is safe
thing is this sentiment can flip on a dime and USDT could collapse in a matter of days and the whole market with it

>> No.18270493

>>18263000
Nice digits nigger

>> No.18270628

>>18270287
A few more billion and they'll surpass XRP market cap. That's pretty funny actually.

>> No.18270629

>>18269877
Checked. But wrong nonetheless.

>> No.18270719

>last time i heard tether is a scam fud btc was at 5k preparing to go ballistic
hmmmmmm

>> No.18271086

>>18262938
>Bitcoin is a scam
Sez the fucking guy that profited from bailouts in 2008

>> No.18271105

>>18263028
>>18263939
not the poster but my local meijer and walmart both have water aisles. just an aisle filled with carton after carton of bottled water, sparkling water, and soft drinks. the entire aisle isn't exclusively water, but a good amount of it is. Maybe its a burger thing

>> No.18271403

>>18262968
Its all suppressed value. The value of our labor far exceeds the need for labor, or goods. Its all artificial scarcity. Enough exists for us to all live like kings. (n shiieeettt) We're so used to being kicked dogs though that the slightest bit of good treatment makes us uneasy. If we had any idea how much largesse this Earth of ours actually produces we'd hang every single one of our leaders on live TV.

>> No.18271533

Or tons of people are looking to buy? This is bullish af.

>> No.18273405

>>18267221
What makes you think BTC couldn't survive a significant reduction of it's hash power? It has never been tryed, but it's very likely that BTC could function with only a fraction of it's current hash power.

>> No.18273430

>>18273405
(...)Network difficulty will just go down.

>> No.18273485

>>18268982
There you go, literally /thread

>>18262938
For readers just entering thread, see above post.

>> No.18273572

>>18271403
Of course. But they'll say you are Marxist. I thought Capitalism would fall definitively around 2060, but considering the 2020 crisis gravity, it seems a Fall around 2030-2035 is plausible. In any case, it's possible that they'll use some hybrid system aka State Capitalism aka socialism around 2030 in order to avoid a total collapse. Unprofitable but necessary economical sectors will be paid by the State throught taxation.

>> No.18273828

>>18268982
hashrate is meaningless. how about a graph of total dollars spent on mining electricity?? that graph would essentially follow BTC price.

get fucked.

>> No.18274025

>>18264035
>since bitcoin is primarily tied to the dollar?
what?
you mean because it's price is quoted in USD?
dollar and bitcoin have no correlation I'm pretty sure

>> No.18274616

>>18274025
they have no idea

>> No.18274697

>>18262938
Thanks OP just sold everything. That was a close one!