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25668675 No.25668675 [Reply] [Original]

>tether is supposed to have 1:1 backing with US dollars
>tether prints tokens without having the reserves meaning that it's not 1:1 backed anymore
>tether is used as if it had 1:1 backing when making transactions on exchanges

tell me how this ends up without the whole crypto market blowing up

>> No.25668750
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25668750

>>25668675
institutions arent buying crypto lmfao this is a scam

you got scammed

thanks for playing

>> No.25668780

>>25668675
>tether (fiat) is fake
>therefor the market must tank
Quite the opposite my naive retard. Fake fiat leads to massive commodity price inflation, look at USD in 2020. World is shutting down and stocks+gold skyrocket.

>> No.25668840

>>25668675
Tether collapsing will have very little impact on a trillion dollar market cap. Just buy more when it dips. These are still early stages of crypto before it goes fully mainstream.

>> No.25668883

>>25668675
Can you sell tether and buy actual dollars?

>> No.25668890

>>25668675
And how do you think real money works?

>> No.25668949

>>25668675
Not even US dollars have 1:1 backing with US dollars. You're overreacting.

>> No.25668964

>>25668890
>real money is a shit system
>therefore it is okay for shit practices to be introduced in the crypto market
mongrel

>> No.25668982

>>25668675
>he doesn’t know the fed is behind tether for trial of cbdc

Stay stupid, antifa zoomer.

>> No.25669011

>he's STILL falling for the tether fud 3 years later

>> No.25669321

>>25668675
This is how banking worked for over a thousand years.
You don't need 1:1 backing unless there's a massive bankrun (I'm talking 75%+ of all Tether being withdrawn).
Even traditional banks have less backing on your savings account than Tether does.

>> No.25669522

>>25669321
except tether has 0 governement behind it, just a bunch of shady scammers

>> No.25669607

>>25669522
Describing the whole crypto space...

>> No.25669641

>>25668675
well considering the federal reserve and banks have been doing this for 100+ years without it blowing up yet, means it prob wont blow till year 2150

>> No.25669836

>>25668675
I hope crypto crashes and burns so I can buy

>> No.25669887

>>25668780
No, retard. It means everyone will be running for the door to get cash, that isn't there.

>> No.25669973

>>25669836
You wont have the gas to buy shit.

>> No.25670084

>>25668675
What if tether fud is actually not true at all? What if you are speculating on top of speculations?
Nocoiner?
Gold bug?
Miss out?
Where's your proof of short?

>> No.25670742
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25670742

>>25668675
even though this is a true story, im fairly sure tether has more reserves than your average bank, something to think about brah

>> No.25670775
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25670775

>>25668675

>> No.25670793
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25670793

>>25668675
>Tether FUD in 2021
Please move on with the times, we Grayscale-Guggenheim now.

>> No.25670928

Institutions buying is a meme

>> No.25671744

>>25669836
why would you wish that on anyone? there are some amazing people in in the crypto space there is no reason to want those people to suffer. you should want others to win and yourself to win too.

>> No.25671815

>>25668750
sold 100k ;) jk. Im poor nocoiner