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/biz/ - Business & Finance

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24763462 No.24763462 [Reply] [Original]

>B-BUT PEOPLE H-HAVE SAID THAT FOR YEARS AND NOTHING HAPPENED SO FAR

okay genius and that means it won't happen? it will and you're a total brainlet deliberately plugging your ears and saying lalala

CBDCs are right around the corner. Goodbye tether, goodbye BTC over 3k

>> No.24763588

>>24763462
>fed prints usd
>silence
>tether prints usd
>OHG MY DOG THE END OF BUTTCOIN AS WE KNOW IT

>> No.24763607

Bitcoin will seamlessly switch to

>> No.24763614

>>24763588
this, find the difference? there's literally none

>> No.24763615

>>24763462
That will not crash BTC to 3K. Just make sure you don't have any open sell order on the BTC/USDT pair, just in case it does happen and you exchange your BTC for a worthless token.

>> No.24763621

>>24763607
USDC while retaining 90% of its value

>> No.24763655

>>24763462
How would DAI/USDC perform in the event of a USDT rugpull?

>> No.24763671
File: 234 KB, 960x892, 15789F70-F978-4789-A3DD-2E864F5A54F4.jpg [View same] [iqdb] [saucenao] [google]
24763671

>>24763462
TETHER BAD

>> No.24763673

>>24763655
Nothing would happen, they are not pegged to USDT. BUSD as well.

>> No.24763686

>>24763614
Except ones backed and enforced by the biggest gang in the land, the government and the others backed by air

>> No.24763712

>>24763588
literally everyone here is aware of fed printing. 100% of you moonboy retards have your heads in the sand about tether

>> No.24763732
File: 107 KB, 1120x767, 1ABB666D-5A17-4B44-84E9-4662E087051E.jpg [View same] [iqdb] [saucenao] [google]
24763732

What you fudding fags don’t get is there will be cbdc pairs, however there’ll be a digital yuan, the chinks will let all the dirty money in through that cause they literally don’t care and that’ll be 1000x worse then tether, they’ve already nationalised mining in China and hold tons of btc they’ll drive it to mars and retards that have no foresight will lose again

>> No.24763761

>>24763732
Lol exactly and goodluck auditing the chinks

>> No.24763777

>>24763462
Retard

>> No.24763787

reserve ratio for us banks is 0%. pretty sure tether is going to be okay

>> No.24764302
File: 6 KB, 243x249, 1599095139367s.jpg [View same] [iqdb] [saucenao] [google]
24764302

>>24763462
Holy shit, my first green text has been capped and put back out.
Fuckn a.

>> No.24764342

>>24763671
Brock and all tether founders are literally under investigation

>> No.24764380

>>24763673
But there are a ton of them paired with USDT on various DEXs. Would that not affect them somewhat?

>> No.24764420

>>24764380
Yes, those who sould USDC/DAI/BUSD for USDT will not be happy.

>> No.24764483
File: 494 KB, 1567x2040, just hit enter and create more.jpg [View same] [iqdb] [saucenao] [google]
24764483

>>24763462
just got off the phone with my guy at JPM, the round table at tether hq will be in jail for fraud, tether will drop to $0.00, and bitcoin will crash below $500 by April, get out while you still can

>> No.24764534

>>24764380
also reason why I'm providing BUSD/DAI liquidity instead of USDT/DAI

>> No.24764551

>>24764342
they havnt even made the numerous cases of him abusing kids stick anon, forget about tether
https://www.hollywoodreporter.com/amp/news/strange-saga-jeffrey-epstein-s-link-brock-pierce-1240462

>> No.24764752

>>24763462
USDT can collapse any time, ngl I can't sleep properly tethered also I heard that DAI had a bug recently..

Some anon can recommend a comfy stable please? USDC?

>> No.24764782

>>24764534
So is this a safe stable? I just want sleep comfy at night without fear of being raped by tether jews

>> No.24764797

>>24764752
>The Standard

>> No.24764801

>>24763462

If tether collapses the price goes up nigger. Weren't you here in 2018 when USDT went to 0.90?

>> No.24764810

>>24764752
Usdc and pax are both audited and us based

>> No.24764856
File: 210 KB, 1280x1024, 40749d10445e7a7bfecca3ee3c21d2f63822eb72c12c5c9ca0b66ada3b604f2c.png [View same] [iqdb] [saucenao] [google]
24764856

>>24764797
you mean xrp? sorry kinda newfag here, started 4 months ago
>>24764810
cool will check thanks fren

>> No.24764895

>>24763462
Has there been any updates to the lawsuit? This has been known and ongoing for 2 years. What's changed?

>> No.24765001

>>24764551
Cope

>> No.24765021

>>24764895
Takes 3 years from the time an investigation starts until the case is “ripe” for a complex case like this. Takes time

>> No.24765373

>>24764895
Tethers been appealing. Shit got thrown in trash. January 15th is the next big date they have to attend to provide all financial documents/customers in America.

>> No.24765427

>>24765373
Tether are based as fuck they won’t give their customers up and only the brainwashed bootlicking jew lover thinks that’s bad

>> No.24765454
File: 113 KB, 430x328, 1574639527816.png [View same] [iqdb] [saucenao] [google]
24765454

>>24763686
>The USD has value cuz it's backed by THE MILITARY!

>> No.24765662

>>24765427
I agree it literally can't, many indicators pointing towards huge financial ties to illegal operations of money laundering around the world and Inc amerifart. If they do tether would drop like a stone and since btc is traded with usdt with a volume of 70% of all volume its safe to assume btc would drop at the very least 70%. But facts are facts unfortunately.

>> No.24765704

>>24765662
you mean like what happens to most banks every few years anon? They all do business with shady characters, explain how the market cap of usdc is outperforming tether now and should overtake it in the next year

>> No.24765729

If tether eventually falls and I doubt it will be within 5 years, it will eventually become less relevant though. they’ll just use the digital yuan for the exact same thing but even more so

>> No.24765747

Tether has shown time and time and again that the jew can’t stop it and it’s compliant with their laws
Even then, the system is 100 times less dependent on it than before
The biggest fucks for the industry were bitmex. Have you noticed how after they got fucked there are no more huge scam wicks?

>> No.24765827

>>24763732
The digital Yuan that will be put into circulation, theoretically, will be pegged to the cash supply, basically for each digital Yuan out in circulation, an equal amount of cash has to be removed.
The only exceptions are the test airdrops and maybe the launch drops but I'm fairly certain to obtain digital CNY people will have to go to a bank and convert hard money into digital money.

>> No.24765862

>>24765704
They literally have the most powerful military, nukes, government backing it. Also the fed is literally engrained into society for past 100years. It's a proven to work system. Tether on the other hand could quite literally be concidered counterfeiting. Unproven, unbacked, nothing of value is given from its exsistance. Your delusional if you think they compare at all.

>> No.24765903

>>24763712
Because we don't give a shit about Tether. Tether goes to 0 so what? Only Tether holders lose money. In fact if you trade borrowing Tether you can only gain from it. Borrow fake money, never have to pay it back.

>> No.24765947

>>24765903
70% of all btc volume is traded in tether. That could mean 70% of all bitcoins value is worthless. Institutions don't use tether as a middleman, they buy otc. So in hinesight at its worst tether goes to 0 then btc looses 70% value at minimum.
>Head in the sand.
>Cope bagholder.

>> No.24765973

>>24765947
what bags he holding? Unless he bought the absolute peak on btc and he’s down 5-6%. I’ll enjoy seeing you argue your point in another 2-3 years time, chicken little. Remember scared money makes no money

>> No.24766155

>>24765704
Tether has blacklisting. What if the government makes them start aggressively blacklisting tether accounts? Annual blacklisting of tether accounts already hit all time highs in 2020

>> No.24766191

>>24763614
the scale is a big difference

>> No.24766214

>>24763462
consider the following:
>be tether holder(s)
>crash imminent, btc/tether premium undeniable, retail is fleeing etc.
what does this to the btc price?
are people dumping tether for usd or btc?
yep, tether collapsing will only hurt itself (and idiots dumb enough to hold tether) - those fleeing the boat as it is sinking will actually PUMP the price because that's how markets work...

>> No.24766217

>>24765973
My guess when tether falls anything above a 5k purchase will be bag holding. Btc will plummet. Also btc isn't going above 20k not this year, not the next, not for probably 5years after tether collapses and it does it organically.

>> No.24766237

>>24763588
>>24763614
>there is literally no difference between a chink company and the federal US government
haha agreed

>> No.24766262

>>24766214
70% of Bitcoin value is in tether.
Tether collapses.
What does that mean about the value of btc when 70% is meaningless.
If you believe number will go up, your delusional.

>> No.24766372

>>24766262
>70% of Bitcoin value is in tether.
um, source? by definition, 100% of bitcoin value is in....get this...bitcoin! you fucking retard
everyone holding tether can get FUCKED and binance, coinbase, et al. will be fine

>> No.24766386

>>24763462
>thinks tether is printed out of thin air
Kek newfag

>> No.24766400

>>24766262
seriously im just thinking about it....imagining my entire portfolio in tether as the plug gets pulled.... i would immediately be scrambling to get my crypto back, literally would sell all my gold for crypto etc.
i wouldn't go "oh no tether scammed me, therefore bitcoin is a scam! dump eet!" like wtf? the fact of the matter is if bitcoin can survive mt. gox it can survive tether. period.

>> No.24766424

>>24766386
>Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, “reserves”).
>and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities
>from time to time, may include other assets and receivables from loans
>tether is backed by loans
source: tether.to front-page
compare this to the 2017 archived front-page, where it actually WAS 1:1 backed. why did they change the wording?
>all tether holders are doomed

>> No.24766426

>>24763462
a world shut down pandemic virus couldnt make btc break 3k, good luck OP

>> No.24766467
File: 18 KB, 811x378, images.png [View same] [iqdb] [saucenao] [google]
24766467

>>24766372
Kek. Do you even finance?

>> No.24766590

>>24763462

Your picture would mean that Tether/BTC would go up and USD/BTC would go down. This is not happening currently, so you are full of shit.

>> No.24766657

>>24763614
The difference is that it's (essiantially) fraud. No one in real world finance is allowed to monetize money markets to put directly into spec assets. When there is a run (there will be) tether will be halted by a court appointed trustee and market liquidity will freeze

>> No.24766675

"backed by military" is such a meme.
the US cannot and would not send tank to a country, because that country decides to de-dollarize.
the Dollar will lose value by consensus. so amount of fire power can change that.

But of course, in fact, the US by now feels the burden of being the reserve currency and is hoping and fighting for inflation.

>> No.24766728

this is good for AMPL

>> No.24766815

>>24766657
yeah this is correct

>> No.24767078

>>24766467
And imagine if tether didn’t exist, all that volume would simply move to usdc which is growing much faster then tether since inception you absolute newfag

>> No.24767106

>>24766675
Starts problems/civil wars in your country, offers to help to solve the issue that they created .. providing you comply with their terms, that’s the real big business of the us

>> No.24767201

>>24767078
Kek! Actually believing the volume is real in the first place. You have no foresight. You will be hit hard in the coming demise.

>> No.24767231
File: 29 KB, 400x464, Fu$e.jpg [View same] [iqdb] [saucenao] [google]
24767231

>>24763462
lmao. for years you've all said this. imagine being this scared. i'd say you have 1-2 years left of play time. that's my exit target anyway. EOY 2021 maybe.

for now, we FUSE gang.

>> No.24767263

>>24765947
>70% of all btc volume is traded in tether. That could mean 70% of all bitcoins value is worthless
I dont think thats how it works.

>So in hinesight at its worst tether goes to 0 then btc looses 70% value at minimum.
>hinesight
Everyone tries to liquidate their USDT holdings, and you think that would make the price of BTC go down?

I dont even hold any BTC but thats just plain retarded

>> No.24767320

>>24763462
Honestly, I wouldn't touch Tether since funds CAN be frozen. Use decentralized stable coins such as DAI, worry free.

>> No.24767371

What about BUSD? DAI?

>> No.24767980

>>24766675
They don’t send tanks, they establish a “democratic” head and support groups that oppose the current one in power. Do you know anything about South Or Central America? You have to be a europoor

>> No.24769006

>>24765947
What the fuck is wrong with you people on this board? Don't you guys have basic fucking education? Did you even attend a single economics class in school? So many questions...

>> No.24769045

>>24769006
kys he's right.
tether creates buy pressure for btc under the delusion that 1usdt=1usd which it doesn't

>> No.24769068

>>24765947
You write like a $5 pajeet paid by glowing niggers.

>> No.24769085

>>24769068
>projecting

>> No.24769135

>>24765947
>70% of all btc volume is traded in tether. That could mean 70% of all bitcoins value is worthless
that doesn't count normal currency
>Institutions don't use tether as a middleman, they buy otc
that would mean the impact of a tether crash wouldn't be anywhere close to a 70% drop, because big players are buying with actual USD

>> No.24769194

>>24766262
>70% of Bitcoin value is in tether.
>Tether collapses.
>What does that mean about the value of btc when 70% is meaningless.
>If you believe number will go up, your delusional.
Holy fuck, the absolute state of biz atm.

>> No.24769244

>>24764302
You made it.