/biz/ - Business & Finance

[Anonymous No.24021663]

What happens to Bitcoin and Alts if this shit collapses?

[Anonymous No.24021702]

apparently they stopped minting?

[Anonymous No.24021720]

well they can print $100 000 000 every day and buy every bitcoin on the market, then cash out and make exit scam :)

[Anonymous No.24021726]

>>24021702
they are printing every day now

[Anonymous No.24021730]

>>24021663
everyone buys BTC with their tether to get out and it pumps even more

[Anonymous No.24021735]

>>24021720
lmao if this happens the entire market goes to zero. I guess we should short it huh?

[Anonymous No.24021741]

>>24021663
the ones holding it will rope, the ones holding BTC/Alts won't care

[Anonymous No.24021742]

>>24021663
It won't...but Tomochain can help.

[Anonymous No.24021745]

>>24021663
Why is the fed allowed to create infinite funny money by tether can’t? Fairs fair they set the rules for the game

[Anonymous No.24021755]

>>24021730
>everyone buys BTC with their tether

Everyone will pull their sell orders if tether becomes worthless. You won't be able to buy anything. You'll be stuck holding worthless tokens

[Anonymous No.24021758]

>>24021730
I assume that all exchanges would crash which would trap everyone in the market? Once they reopen we get a giant BTC selloff?

[Anonymous No.24021759]

tether fud lmao we are truly back in 2017. i missed out on a shitton of gains because i didnt trust hedging into tether. the fud was merciless

[Anonymous No.24021854]

Why do new fags think Tether has dominion over the market?

[Anonymous No.24021899]

well maybe cuz they can print what ever number they want and buy every bitcoin listed on market? But who cares GOLEDN BULL RUN... till exit scam.

[Anonymous No.24021915]

Tether is about to cause the most catastrophic rug-pull in human history.

https://www.youtube.com/watch?v=bFVK9SxKR5c

https://www.youtube.com/watch?v=qzDjJ-SrojY

New information on tether lawsuit:

https://www.reddit.com/r/btc/comments/jrr3ny/recent_fillings_exit_the_ponzi_playground_at_all/

More information on Bitcoin:

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7?gi=63d0d0ef554a

https://www.youtube.com/watch?v=XfcvX0P1b5g

As of today, seven-day printing-rate of tether is $38 billion per annum.

I suspect that the CFTC knows that tether is a scam, but they won't audit it for the same reason that they won't audit the COMEX. Crypto is an Adam Back/Blockstream-created ponzi to split the anti-fiat community. The COMEX already would have gone bankrupt if our efforts had been fully concentrated on physical silver during these past ten years. Once fiat collapses, BTC becomes priced in gold, and all crypto (as being the fruit of the poisoned tree) immediately goes to zero.

"To overturn the history of gold is wishful thinking. Fully backed Gold and silver substitutes and circulating coins are practical and acceptable for 7bn transacting individuals. BTC will then have no role and sink to zero priced in gold." - Alasdair Macleod, 8 November 2020

BTC requires $100-fees and 3-day transaction times when even 0.1% of the world population attempts to use it as a currency; the only solution is to go through Blockstream’s second-layer solutions which track and trace everything you do. Blockstream is controlled by the banks and the Bilderberg Group. Projects like BCH are not the answer, since they are just as liable to human corruption as BTC was.

Not only is BTC worthless as a currency, but gold-backed crypto already exists. We don't need BTC for anything.

https://www.youtube.com/watch?v=5Q9aYYluRA0

https://www.youtube.com/watch?v=BjqzyqRz_Mc

Also, gold-backed yuan and rubles will soon be used in the banking system.

[Anonymous No.24021917]

First its ogre. Then it comes back. Like any crash but worse, massive buy op since the crash will have nothing to do with BTC itself.

[Anonymous No.24021960]

>>24021854

A poorly-done audit made in 2018 found that tether was only 75% backed by "cash and cash equivalents." That's when its mcap was only 1/10th of what it is now. Look at this chart. Tether has refused to be audited ever since. Mean-while, BTC volume is only 5% of what it was in 2017. Look also at low frequency of Google searches for Bitcoin. This is an artificial pump with no real buyers and sellers. All the BTC is going into tether's hands.

https://www.youtube.com/watch?v=qzDjJ-SrojY

[Anonymous No.24021988]

>>24021915
>>24021960

The crash will wipe out the crypto space. Bitcoin will drop to $300 and the community will evaporate.

[Anonymous No.24022020]

RSR/RSV fixes this problem

[Anonymous No.24022044]

>>24021741
wouldn't BTC crash? since most transactions are done using USDT am I right?

[Anonymous No.24022074]

>>24021720
Cash out in to what? Tether?

[Anonymous No.24022111]

>>24021726

[Anonymous No.24022126]

>>24022074
usdc you mong

[Anonymous No.24022128]

>>24021899
Every token with a dynamic supply can do that. All that would happen if they did do it is Tether would tank hard because it's illiquid compared to BTC, they would get whatever liquidity is on the tether books at the expense of their token remaining a stable coin. When they mint new tokens, they dont sell them, its to inflate the price and maintain equilibrium with BTC. They have to mint new tokens as BTC pumps to maintain a stable 1$. Wether they have the money is a different story, but it's ultimately irrelevant to BTC's story. At worst it could cause a panic sell off.

>>24021960
If all the BTC was going into tethers hand because they were selling tethers price would be way below 1$. Only a fraction of BTC liquidity comes from tether and a fraction of that is owned by tether the company, most of it is in the hands of retail investors. No one has a monopoly on BTC's liquidity

[Anonymous No.24022142]

>>24021726
literally

[Anonymous No.24022160]

>>24022044
If USDT crashes the other currency moons (but only in USDT), so if Tether collapses BTC would be worth something like 1M USDT, while still being worth 18K on the BUSD or USDC pair. Still, this event would be a bearish catalyst for a temporary crash on all pairs.

[Anonymous No.24022178]

>>24021988

Delusion, Tether is not the only thing giving value to Bitcoin, you would be stupid to think so

[Anonymous No.24022180]

>>24022160
thank you for the explanation brother

[Anonymous No.24022239]

>>24022126
in a related story, buy ALGO and XLM

https://www.financemagnates.com/cryptocurrency/coins/stellar-becomes-third-official-blockchain-for-usdc-stablecoin/

[Anonymous No.24022356]

What’s another coin like usdt but stable

[Anonymous No.24022425]

>>24022356
DAI all the way

[Anonymous No.24022443]

>>24021755
So they need to rebuy their stack with USD. Sounds extremly bullish to me.

[Anonymous No.24022500]

>>24022356
USDC, owned by Coinbase

[Anonymous No.24022894]

>>24022160
> suddenly lose 70% of the buying power ( because you know if usdt collapse nobody will use the pair )
> other fiat/stableshit have to handle a 70% increase in selling pressure
> somehow these won't collapse as well
yeah if tether goes the market is done

[Anonymous No.24022918]

>>24021663
Load ze tether FUD

[Anonymous No.24022941]

>>24021726
HOW IN THE FUCK IS THAT LEGAL? SOMEONE PLEASE EXPLAIN

[Anonymous No.24022942]

>>24021758
>I assume that all exchanges would crash
this

[Anonymous No.24022971]

>>24022941
>HOW IN THE FUCK IS THAT LEGAL?
> copletely unregulated market
are you retarded or something ?

[Anonymous No.24023074]

>>24021726
Chad stair step pattern. Highly bullish and based

[Anonymous No.24023104]

>>24022894
It'll be a temporary crash

[Anonymous No.24023144]

>>24023104
you do realize tether is the only reason we recovered from the march crash right ?
without tether btc would not even be 5k right now

[Anonymous No.24023202]

Do you realize that someone who owns tether printer is just buying bitcoins for fake money right?

[Anonymous No.24023225]

Oh look, the four-year-long Tether FUD campaign is ramping up again. I guess shitcoiners have nothing better to do now that their shitcoins are dying.

[Anonymous No.24023241]

>>24023144
>you do realize tether is the only reason we recovered from the march crash right ?
damn must be good going through life as a retard

[Anonymous No.24023250]

The conspiracy is tether is the majority of buying pressure for btc and when whatever mechanism that is holding tether at a value of 1 dollar fails the buying pressure for btc will dissapear and the price will dump like never before of course the alts will crash with this too

[Anonymous No.24023266]

>>24023225
actually its just some salty person who sold at 10k and went into gold and silver because of a peter shiff video. and now hes jelly cause he missed the chance to never work again by selling all his crypto before the great golden bullrun

[Anonymous No.24023275]

>>24022443
it's bullish until regulators want to see the balance sheet(shiieet)

https://www.youtube.com/watch?v=waAlgFq9Xq8

[Anonymous No.24023297]

this thread is making me bullish

[Anonymous No.24023351]

>>24023250
And that's time to bet on the next bitcoin. fuck it feels like 2017 again

[Anonymous No.24023387]

>>24023351
no the whole system is broken if there is stable coins that are not backed 100%

[Anonymous No.24023403]

>>24023144
Money printing is why we recovered. The USDT printing is likely due to demand from exchanges. I cannot deposit € directly, except through wire transfer, so my only choice to enter the market is buying stablecoins, and like me probably a lot more people.

[Anonymous No.24023422]

>>24023403
most places you can buy with dollars directly, you dont really need usdt for anyhting. but perhaps some part is actual demand yes

[Anonymous No.24023452]

>>24023387
>that are not backed 100%
you realise that when you deposit money on the bank that only 10pct is actually backed right? they immediatly loan out 90pct of everything that is deposited.

lmao

[Anonymous No.24023455]

>>24022941
everything is only illegal when youre black and it doesnt make the whites money

[Anonymous No.24023463]

>>24023452
yes we are not talking about traditional banking? should we? i thought this was supposed to be somewhat different system

[Anonymous No.24023485]

>>24023452
You never had dollars in the bank you had bank credit and Its 0% reserve requirements since corona

[Anonymous No.24023511]

>>24021663
Back to tether fud, this really is 2016. Let’s ignore that cme is cash settled and the volume it’s doing, bakkt and grayscale

[Anonymous No.24023520]

>>24023452
>you realise that when you deposit money on the bank that only 10pct is actually backed right?
banks are backed by governments, you will always get your money
good luck trying to cash out of tether

>>24023403
so how much did you give to finex ?

[Anonymous No.24023543]

all tether is is basically fiat minus inflation. only thing it's backed by is the participant's agreement that it is worth that

[Anonymous No.24023575]

>>24023241
He's right, there is no other explanation. Bitcoin is near 18k, but nobody really cares. Tether collapsing will not be a short delay in the bull run, it will ruin crypto for years and possibly all together. Every exchange with usdt will also go down because of the lack of trust.

[Anonymous No.24023646]

>>24023543
This is whats interesting how do we do a george soros and break the peg?
Surely it cant just be backed by delusion how come 1usdt = 1 usd

[Anonymous No.24023708]

>>24021915
I'm a Silverbug linker
I'll be ok

[Anonymous No.24023788]

>>24023266
Be in both

[Anonymous No.24023834]

Reminder that people FUDing Bitcoin with Tether boogeyman are /smg/ boomers holding heavy bags of shiny rocks.

[Anonymous No.24023864]

>>24021663
Nothing. There is enough alternatives. Tether holders will be fucked but that's it. You can turn your BTC into any stable coin

[Anonymous No.24023891]

>>24021915

wtf I love fiat now

[Anonymous No.24023895]

Load ze tether fud

[Anonymous No.24023896]

>>24023144
OK tard

[Anonymous No.24023905]

>>24022971
>> copletely unregulated market
Fed audited thether
It was all backed

[Anonymous No.24023915]

>>24023202
Yeah so he does. That just means someone sold his Bitcoin for fake money. It doesn't mean shit for Bitcoin. Tether holders are the ones who are fucked if Tether turns out to be a scam. Who the fuck cares?

[Anonymous No.24023932]

>>24023905
It wasn't the fed it was the UN

[Anonymous No.24023943]

>>24023266
Oh man I remember the Peter Schiff cocksucker lol!
Did he buy a rope yet?

[Anonymous No.24023973]

>>24023646
It works as long as people don't want to redeem their Tether for real Dollar (has anyone tried that actually?)

[Anonymous No.24023985]

here's the real problem: even if you wanted to take profit, there is nothing to take profit IN. Fiat is circling the drain, every market is bubbled or otherwise just completely fucked. Bitcoin could plummet and I would just buy as much as I could, as fast as I could because there really is no alternative.

[Anonymous No.24024027]

>>24023985

Bitcoin is propped up by fiat (tether) just like bonds and tech stocks. It has no value either intrinsically or as a currency. China, Russia, and other countries which actually produce the things we use will never surrender them in exchange for BTC, after they dump the dollar soon. Nation states will issue gold-backed currencies, and they will demand gold in payment.

[Anonymous No.24024029]

>>24023932
The fucking UN does financial audits?

[Anonymous No.24024031]

>>24023864
You either don't understand what has happened or this is massive cope. The reason btc is worth $18k is simply because of tether printing, not organic demand. When tether blows it's over.

[Anonymous No.24024051]

>>24023973
I dont think tethers been redeemable since 2017?

[Anonymous No.24024107]

>>24023896
this bitfinex own words
>“Once you have Tethers, you can trade them, keep them, or use them to pay persons that will accept your Tethers. However, Tethers are not money and are not monetary instruments. They are also not stored value or currency. We do not guarantee any right of redemption or exchange of Tethers by us for money.”

source
https://iapps.courts.state.ny.us/nyscef/DocumentList?docketId=npvulMdOYzFDYIAomW_PLUS_elw==&display=all

[Anonymous No.24024130]

>>24024031
Except Greyscale bought 15k bitcoins at 16k.
Banks and institutions are getting in on Bitcoin and it doesnt matter to them that the price is near ATH since its better than having their cash reserves be obliterated by the money printing that is coming.
You will be poor and you will be happy.

[Anonymous No.24024181]

>>24024107
Lol, who keeps buying Tether

[Anonymous No.24024190]

>>24024027

Foreign institutions are the ones buying all the bitcoin to get out of the dollar. cute larp tho fren

[Anonymous No.24024375]

>>24024190
sounds like a gold bug talk..."get out of dollar" xD then why is dollar strengthening...

>>24024027
bonds are. us bonds still have private buying. stonks not so much

[Anonymous No.24024422]

>>24023834

>>291509608

Alleged advantages of BTC over gold: It is instantly transmittable, and highly divisible

Answer to alleged advantages: Gold can also have these properties too, whether by means of gold-backed cryptos like Kinesis, or gold-backed currencies in the banking system.

Alleged advantage of BTC over gold: Privacy

Answer to alleged advantage: BTC stores every transaction on a public ledger. This is why the celebrity Twitter hackers were caught within days, and the money from the Silk Road has been recovered. Additionally, if you want to use BTC as a currency, you have to go through Blockstream's second-layer solutions which track and trace everything you do. So BTC has no privacy.

Gold, on the other hand, can be physically transmitted by hand in complete privacy.

Disadvantages of BTC over keeping gold in a vault:

You lose your life-savings after

i) Getting tortured for ten minutes
ii) Getting memory-loss or dementia;
iii) Making a thoughtless mistake;
iv) From a fire or natural disaster;
v) From burglary;
vi) From hardware failure.

Disadvantages of BTC over gold:

1) BTC will collapse once the price sinks under the cost of production for the miners.

2) Most BTC miners are in China.

3) BTC is propped up by the fiat ponzi scheme of tether.

4) BTC has no intrinsic value. Hence Russia, China, and other nations which actually produce the goods and commodities we use will never accept it in exchange for them. When fiat collapses, BTC will be priced in gold at 0.

5) BTC is over-complicated. No normal person will ever set up an LN node; they are happy to keep using the modern banking system. As using the LN compromises privacy anyway, there will be no reason to use BTC second-layer over gold-backed currencies in the banking system. BTC without second-layer demands $100 fees and 3-day transaction times, and so is, of course, impossible to use as a currency.

[Anonymous No.24024451]

>>24023834

Alleged advantages of BTC over gold: It is instantly transmittable, and highly divisible

Answer to alleged advantages: Gold can also have these properties too, whether by means of gold-backed cryptos like Kinesis, or gold-backed currencies in the banking system.

Alleged advantage of BTC over gold: Privacy

Answer to alleged advantage: BTC stores every transaction on a public ledger. This is why the celebrity Twitter hackers were caught within days, and the money from the Silk Road has been recovered. Additionally, if you want to use BTC as a currency, you have to go through Blockstream's second-layer solutions which track and trace everything you do. So BTC has no privacy.

Gold, on the other hand, can be physically transmitted by hand in complete privacy.

Disadvantages of BTC over keeping gold in a vault:

You lose your life-savings after

i) Getting tortured for ten minutes
ii) Getting memory-loss or dementia;
iii) Making a thoughtless mistake;
iv) From a fire or natural disaster;
v) From burglary;
vi) From hardware failure.

Disadvantages of BTC over gold:

1) BTC will collapse once the price sinks under the cost of production for the miners.

2) Most BTC miners are in China.

3) BTC is propped up by the fiat ponzi scheme of tether.

4) BTC has no intrinsic value. Hence Russia, China, and other nations which actually produce the goods and commodities we use will never accept it in exchange for them. When fiat collapses, BTC will be priced in gold at 0.

5) BTC is over-complicated. No normal person will ever set up an LN node; they are happy to keep using the modern banking system. As using the LN compromises privacy anyway, there will be no reason to use BTC second-layer over gold-backed currencies in the banking system. BTC without second-layer demands $100 fees and 3-day transaction times, and so is, of course, impossible to use as a currency.

[Anonymous No.24024548]

>>24023834
there are objective people too who dislike both gold and cryptos

>>24024451
>You lose your life-savings after
you can buy bitcoin etf, just like stonks. then your argument would fit to any stonk holder too i guess...

>1) BTC will collapse once the price sinks under the cost of production for the miners.

2) Most BTC miners are in China.

3) BTC is propped up by the fiat ponzi scheme of tether.

agree. cryptos should have never allowed stable coins, that ruined everything

[Anonymous No.24024554]

>>24023932
>UN
Wtf is UN?

[Anonymous No.24024576]

Not the brightest. Grayscale alone has been gobbling up more BTC faster than new ones can even be mined.

Also this ain't 2016 anymore. We have DAI, BUSD, USDC, PAX, etc.

Tether is irrelevant

[Anonymous No.24024577]

>>24021755
There will be still be traders accepting the risk

[Anonymous No.24024579]

Tether is just a middle point between in-market and out-of-market when trading. It gives this benefit of not converting back to USD and not getting hit with transaction costs and penalties. If Tether is gone, the capital will go to either another stable coin or Bitcoin

[Anonymous No.24024583]

>>24023973
>It works as long as people don't want to redeem their Tether for real Dollar
Infact they redeem them for btc

[Anonymous No.24024600]

>>24024130
We will see who is right shortly. I'll be sitting comfy with my gold and silver bars. Please don't neck yourself if you happen to be wrong.
>>24024451
100% correct

[Anonymous No.24024669]

>>24024548
>there are objective people too who dislike both gold and cryptos

Yes, jewish bankers

>>24024600
Good luck

[Anonymous No.24024953]

>>24024451
>BTC will collapse once the price sinks under the cost of production for the miners.


This happened multiple times and people always say this but it never happened.

[Anonymous No.24025005]

>>24021663
> ...sir bitcon is pumping
> Load Ze Tether Fud from 2018.

[Anonymous No.24025322]

BTC will never be 100k, either 50k either 30k
XRP will be gold standard, flare will eat ETHs market share, ETH will collapse with all ERC-20 tokens with it, including tether. that will trigger BTC dump and it will dump towards 3000$ then towards 300$ then towards zero.

it will be the greatest rugpull shitshow ever in crypto.

only coin what matters anymore is XRP.

check 'em

[Anonymous No.24025448]

>>24024451
“Btc is over complicated” translation, my retarded master peter schiff mismanaged and lost his private key therefore nobody can use it

[Anonymous No.24025486]

>>24025322
Hahahahahahahah cuck

[Anonymous No.24025519]

>>24025322
lmao just stay in your containment thread and post twitter larp screenshots back and forth at each other, you subhuman normie faggot

[Anonymous No.24026026]

>>24024029
>UN does financial audits

[Anonymous No.24026077]

>>24025322
XRP brainlet faggot lmao

[Anonymous No.24026157]

>>24024031
>When tether blows it's over
When? LOL
Theter fud since 2017
They don't risk going in prison considering tha FED already audited them 2 times

[Anonymous No.24026218]

>>24022178
It appears to be a big factor though. I don't think if Tether goes to zero BTC will follow suit. I think there will be a big dip maybe to 1k but will eventually recover.

[Anonymous No.24026277]

>>24025322
checked

[Anonymous No.24026534]

>>24021915
brainlet cope
you had 10 years

[Anonymous No.24026950]

They don't risk going in prison considering tha FED already audited them 2 times

[Anonymous No.24027227]

>>24024031
> not organic demand
How can someone be that stupid?

[Anonymous No.24027787]

>>24023932
topkek chinks got their UN fags to BTFO of mutt currency