Loosing Count

[Anonymous No.18720296]

Of how many scamtokens are being printed to keep the ponzi going and eventually defraud anybody who legitimaly holds and believes in Bitcoin.

[Anonymous No.18720393]

>>18720296
Can you spoonfedd a newfag about that usdt shit?
It's stable and can be used to buy all coins right. But it's regularly printed and goes to someone who then makes a huge purchase and resells for real fiat?

[Anonymous No.18720783]

>>18720296
it's mind boggling. they've printed 279,000,000 today. i'm an idiot for shorting and trying to fight this force.

[Anonymous No.18720814]

>>18720296
your shorts will be liquidated heretic

[Anonymous No.18720911]

>>18720783
once some whale start cashing out. this will go down real quick and people will cash out with these unemployement rates

[Anonymous No.18720936]

>>18720393
Tether is used to add liquidity to exchanges in a more convenient way than USD. In theory Tether should be backed by real money, meaning that whenever 30Mil get minted and sent to an address, it would mean someone exchanged 30Mil USD for 30Mil Tether. But in reality no one knows if that's what actually happening, and some speculate that only like 60~70% of the supply is actually backed by real USD.

[Anonymous No.18720994]

>>18720296
if you actually hold btc and don't sell into the dip tether can't defraud you
it can only create a bargain prices season
that is if you truly believe in bitcoin

and everybody keeps acting like all tether are fake, its impossible to keep that game up for this long it has to be a percentage the only question is how much

[Anonymous No.18721045]

>>18720393
BTC and other crypto price is not in USD, it's in USDT (Thether).

Somehow, everyone act as if the value of one USDT is equal to one dollar, despite it being not freely redeemable for one dollar. It being back 0% or 10000% is useless if you can't cash out. Bank have around 4% of their debt backed, tether effectively have no backing due to no redeemability : a tether is not a debt/iou.

Tether is a scam created by an exchange as a way to keep crypto in crypto, without either going back to fiat :
-You buy crypto with fiat
-You cash out in tether
-The exchange never have to give you back fiat

[Anonymous No.18721126]

>>18720296
must have overtaken XRP by now, no? Two more to go, then Tether be unrivalled King of Bullshit Cap Mountain

[Anonymous No.18721167]

>>18721126
yeah USDT getting close to 8 billion now

[Anonymous No.18721193]

>>18721045
It was when I discovered that its basically impossible to actually cash out crypto that I immediately halted all future investment into it. If you have to do dumb shit like buy giftcards to get real world value out of it, its not a currency. I will never put another dime into crypto until I'm able to convert it between crypto and fiat instantly like I can with every other currency. Not to mention, its basically fucking useless as a currency because of how volatile it is. Buying stuff with crypto is like buying stuff with stock options, why would any business ever want to adopt or accept it? With how much companies like facebook (marketplace), google (google shopping), amazon, walmart, etc like money, don't you think there's a reason none of them have implemented a "buy now with crypto" button into their marketplaces? You think if they could collect some extra revenue easily from it they would have by now? Just think, there has to be a reason NONE of the big players have adopted it yet in any shape or form

Even if crypto/bitcoin isn't a ponzi scheme, its 100% fucking useless as anything more than a speculative asset.

[Anonymous No.18721203]

>>18721045
So have I just been scammed on binance?

[Anonymous No.18721223]

>>18721203
did you tough you were selling for real USD when selling in USDT pairs ?

[Anonymous No.18721563]

>>18721193
Send your eth or btc to Coinbase pro and sell it for usd, Euro or gbp

Easy.

[Anonymous No.18722336]

>>18721563
he's literally retarded
nothing is easy for him

[Anonymous No.18722397]

>>18721563
That's what I do. Have I been getting fake money in my bank account all these years?

[Anonymous No.18722517]

>>18721193
>It was when I discovered that its basically impossible to actually cash
you're a retard if you think you can't cash out from coinbase, kraken, bitstamp, etc.

[Anonymous No.18722645]

>>18720936
Seems to me like it's just another layer of fractional reserve banking kikery. The whole point being that even though they can't magically poof BTC into thin air like with regular money, they can do so indirectly through tether. And unlike normal fractional reserve banking, this shit isn't FDIC insured, so when the ponzi scheme goes south and gets exposed, there's no recourse for the bag holders.