[ 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: 172 KB, 1200x892, Bitcoin.jpg [View same] [iqdb] [saucenao] [google]
18976553 No.18976553 [Reply] [Original]

basically this

>> No.18976590

>>18976553
who the fuck prints tether and what prevents them from just buying everything and dump it

>> No.18976664

>>18976590
Nothing. That's the red pill. They can print billions and buy crypto with it for free. Unless some government will shut them down they will continue. The best thing you can do is not give somebody else your crypto for this fake funbux.

>> No.18976803

>>18976664
It makes me wonder when they finally exit scam and how much it'll affect the price of BTC.

>> No.18977082

>>18976803
the whole tether market cap is like $6 billion.
fraction of btc market cap.
so based on that almost nothing.

>> No.18977114
File: 457 KB, 454x516, soy overload.gif [View same] [iqdb] [saucenao] [google]
18977114

>>18976553
>basically this

>> No.18977130

>>18976553
oh no...someone deposits money into an fdic account and someone else issues a token based on those reserve...
oh no plz call the cops this hurts my fag bear strategy!

>> No.18977331

>>18977082
6b would crash the market 80%

>> No.18977503

>>18977082
look at the trading volume you dum fuck
also tether real MC is 8.4B

>> No.18978260
File: 115 KB, 1808x859, EXle7aEWoAEckMU.jpg [View same] [iqdb] [saucenao] [google]
18978260

>>18976553
.

>> No.18978330

>>18977130
>fdic
you know this is BS, right? the fund wasn't created for 'too big to fail'.
Here in the UK it has enough for 44k accounts @ max payout.

>> No.18978461

>>18977082
If you believed in the money multiplier effect (I don't) or just plain simple leverage, that number could be much larger.

>> No.18978482

>>18976553
kek perfect

>> No.18979218

>>18976590
Looks like you red pilled yourself. This is why we don't but but tell other people to buy to lose there money so we can laugh at them when they blame us because theyre so stupid for buying a "digital currency" that is so heavily manipulated

>> No.18979242

>>18977082
Top kek. Tell us your prediction on the next coin to

>> No.18979280

>>18978330
this they have just a tiny fraction of what they are supposed to cover, the exact number is on some george gammon video

>> No.18979427

>>18979280
2nd quarter of '19
$107.4 billion
Can't you mutts look anything up? I'm sure there's a more up to date one around
https://www.fdic.gov/bank/analytical/qbp/2019jun/qbpdep.html

So 428,000 accounts @ max payout. about 1% of the population.
aka this shit is a meme universally

>> No.18979507 [DELETED] 

>>18979427
about 1% of the population, got this way wrong, its 0.1%

>> No.18979533

>>18979427
>about 1% of the population
got this way wrong, its 0.1%

>> No.18979563

>>18977114
upvoted