Are the criticisms against BTC valid?

[Anonymous No.25800789]

Is the tether scam real and can the CCP really perform a 51% attack? I've owned some btc since early last year and I'd like to have an objective discussion to figure out if the bitcoin maxis are correct or if the FUDers are correct.

So far I haven't heard any objections to the Tether scam argument, are there any counterarguments that invalidates the Tether FUD?

[Anonymous No.25800823]

So the China FUD is the next one. Confirmed.

[Anonymous No.25800836]

tether scam is real

CCP has no incentive to actually perform a 51% attack, but they do control over 51% of mining.

[Anonymous No.25800848]

>>25800789
Yes. They don’t comment on whether they own the bank in the bahamas that has only $5bil in cash inside. They print on the weekends because all their clients also bank with the same bank. They cant do an audit but will be more transparent (soon). It looks legit to me!

[Anonymous No.25800879]

>>25800789
no it's just fud from people that missed out.
but we will see soon enough.

[Anonymous No.25801000]

>>25800789
Just ignore it. Every time BTC pumps, /biz/ is flooded by all kind of crazy FUD. Whenever you start to think „maybe they‘re right“ just leave for a while and you‘ll see that the rest of the internet doesn‘t give a shit or doesn’t even know about the LARP stories that nocoiners spam here 24/7

[Anonymous No.25801069]

>>25800789
Tether explosion is tied to DeFi, you can check this yourself by looking at the market caps. When Bitcoin crabbed for 6 months, Tether exploded with DeFi. Even if Tether is completely insolvent, it makes no difference as it's only 25B compared to Bitcoins 750B. People are still paying 40k for Bitcoin right now, and it's a fucking steal long term and everyone knows it. If it was used to manipulate the price of Bitcoin, who gives a fuck.

CCP as this anon says >>25800836 has no incentive. They can't make any money off of cashing out in any way. Only incentive would be to try to temporarily hurt Bitcoin, which is inevitably futile.

[Anonymous No.25801070]

>>25800789
Op is a tether chink shill nigger.

[Anonymous No.25801087]

>>25800789
no and no
newfags don't be retarded

[Anonymous No.25801127]

>>25801069
Tether is bigger than Bitcoin because it has no value but it can be artificially printed forever because fools believe its worth a dollar.

[Anonymous No.25801391]

>>25801070
>>25801127


OP just focus on the fact that Tether FUD nocoiners don't ever reply to arguments, and don't have any facts to substantiate their claims. They can't understand why Bitcoin is going up and so they sit on the sidelines, if not Tether it would be something else.

[Anonymous No.25801454]

>>25801069
>actually thinks marketcap means anything

I know /biz/ is financially illiterate but....wow

[Anonymous No.25801581]

>>25801454
It's useful for context. If Tether is worth 250B and BTC is worth 750B, that changes things. If USDT were to be insolvent then, it would arguably have a greater effect on Bitcoin.

The key to this is DeFi though. Has anyone checked ETH gas prices for the last 9 months? It's hilarious how ignorant people are.

[Anonymous No.25801636]

>>25801127
Ding ding ding

[Anonymous No.25801657]

>>25800789
>are there any counterarguments that invalidates the Tether FUD?
Yes.

I've read th ecourt documents made available and Tether is backed by 75% cash, 25% stock and other securities instead of being backed by 100% cash, this is the only complaint. But to my mind, as long as it's backed by some kind of equity or collateral with USD value, it does. not. matter. And I doubt the court will think it actually does matter.

[Anonymous No.25802140]

>>25801581
You don't understand how marketcap works. $25,000,000,000 really can make BTC go from a 300b MC to a 700b MC so long as 90% of people hold. You only have to buy a small amount of the circulating supply to rapidly increase the price.

[Anonymous No.25802204]

>>25801657
75% cash backing is far better than most regular banks.

[Anonymous No.25802253]

>>25802204
They have Deltec under their control, bought when it had $3bil inside. It now has $5bil. They’re only 10% backed by cash, the rest is bitcoin and shady loans.

[Anonymous No.25802308]

>>25802204
Kek this. Banks have single digits of their accounts in actual cash. Single fucking digits. And people here complain about Tether having only 75%

[Anonymous No.25802315]

>>25802140
I do understand how market cap works. As I've explained, a coin with a larger market cap crumbling would arguably effect Bitcoin more.

Yeah, you could probably move it up with only a few million in Tether, as long as you were the controlling entity and just kept wash trading. This is all conjecture. People making these claims are ignorant for two reasons:

1. they dismiss DeFi - do you have an argument against this? No. Asked this question on like 5 different threads. Nobody has any counterargument to DeFi.

2. they don't know why Bitcoin is going up.

In other words, they're morons.

[Anonymous No.25802633]

>>25802315
You are mistaking stablecoin marketcaps with regular marketcaps.
Each Tether supposedly represents $1. Every single Tether is traded an average of 6 times per day. The marketcap of Tether represents $25b. Supposedly, you could cash this all out. There is supposed to be $25b of real value in Tether.

BTC is a different animal. Say that only 5% of BTC are actively traded. You only need to buy 20% of that traded supply to move the price of EVERY bitcoin up an enormous amount. The hundred billion dollar range. And to do that, you only needed to spent a few billion "dollars".

1. Defi is a ponzi scheme which drives BTC up. By borrowing on margin, and using the borrowed tokens to borrow more on margin, like with Tether you can use a very small amount of money to create mindboggling price movements. This is often used for flash loan exploits - people with just a few hundred ETH can use DeFi to control tens of millions of dollars and overwhelm price feeds and arbitrage the profits to themselves.

2. BTC should be going up. But if you think it really is naturally going up this quickly, then you need to realise that you're buying into the narrative. 30% of all dollars have been printed in 2020. In contrast, the amount of tether in circulation went up 650%. A lot of these tokens are used to collateralise other token purchases via defi, and you have huge amounts of "value" being created by a very small amount of real money, through the above ponzi. When there is real fear in the arket, the real value will reveal itself, because all these pyramid schemes will collapse.

[Anonymous No.25802942]

>>25801069
You're a fucking nigger if youre using total market cap vs exchange solvency.

Millions of bitcoin have been lost over the years it makes no sense to count them. Meanwhile tether is printing hundreds of millions every few days and its all going to exchanges

[Anonymous No.25803248]

>>25802633
Yeah so do your own math, if all of the USDT is being used to fuck with the price of Bitocin, USDT is still only 3.5% of Bitcoin.

Your entire argument depends on the theory that USDT is being printed essentially entirely to make Bitcoin go up. This is fucking so retarded it's unbelievable. It's dismissing the macro. And back in 2017 there was no fucking Tether. I don't dismiss manipulation, but to say that Tether is even modestly responsible for Bitcoins bull run is drivel.

1. DeFi is a ponzi, agreed. Though not in the precise semantic sense - but it is essentially a ponzi. Tether is being printed largely in part to DeFi (compare market caps of USDT and all stablecoins against Bitcoin during the summer), even when Bitcoin crabbed and dropped, Tether kept running up. Stablecoins are invaluable to ETH and DeFi.

2. You're comparing the supply of dollars with the supply of USDT, and then comparing 20% with 650% like it's comparable to the slightest extent. I'm not going to do the math on this, you can do it. Look up how many trillions are in dollars compared with 25B in Tether. Tether, ETH and DeFi are one big ponzi - and there will be tears. But Tether is only related to Bitcoin in terms of arbitrage and trading. Bitcoin doesn't need Tether for trading - it'd be better off without it. Tether can literally blow up, it doesn't matter to Bitcoin. No Bitcoiners give a flying fuck about Tether. And EVEN IF the price of Bitcoin has been manipulated up, guess what? It's now the price. Deal with it.

I'd suggest digging deeper. You sound reasonable so look up Michael Saylor, Raoul Pal, Jeff Booth, Preston Pysh, Saiffedan Ammous. Think about the 100 trillion dollar bond market that just went to zero for the next 3 years. Bitcoin is worth 1/25 of gold my dude. And last I checked everything is digitizing exponentially (non-linear).

FFS

[Anonymous No.25803282]

>>25803248
>And back in 2017 there was no fucking Tether
Uh anon.... your retardation is showing...

[Anonymous No.25803297]

>>25803248
>USDT is still only 3.5% of Bitcoin.

Ok listen here you stupid nigger

you don’t need 581b to create a market cap of 581b , you just need enough money (or tether) to buy out the order book to keep btc at that price . Market cap is total coins multiplied by last transaction price , it’s not directly related to total capital invested.

Once you understand this you'll get why everything you say is completely and utterly retarded and you should put a shotgun in your mouth and pull the trigger

[Anonymous No.25803331]

>>25803248
And as I've stated before, using total market cap in this situation makes no sense because in order to tank the price you only need to negatively influence THE EXCHANGE SOLVENCY

[Anonymous No.25803341]

>>25800789
More asians are into crypto than Americans, literally most people at my work especially rural people have no fucking idea what a "cryptocurrency" is.

[Anonymous No.25803374]

>>25801127
The only people who will get burned by USDT are the retards who decide to hold it. I don't give a fuck if CZ loses his funny money

[Anonymous No.25803468]

>>25803282
Are you serious. Look at the fucking market cap of Tether 3 years ago. It was fucking pissant. In other words, BITCOIN DOESN'T FUCKING NEED TETHER TO GO WAY THE FUCK UP.

>>25803297
I fucking know that. Fuck. Did you not read my post and who I replied to? I carefully laid out why this theory is retarded.

[Anonymous No.25803499]

>>25802633
They way you describe DeFi it sounds just like that Anthony Bourdain scene in The Big Short.

[Anonymous No.25803511]

>>25802633
And this people, is all true and all you need to know. Anyone arguing against this is a pozzed copetard.

[Anonymous No.25803531]

>>25803248
You should probably read some basic books on investing or just wikipedia "market cap" because you clearly don't understand. If I issue a million shitcoins, and I sell one to myself for $1 and don't touch the rest, then the market cap is $1,000,000.

If 95% of BTC aren't actively traded, then you only need to buy a tiny fraction of the available BTC to create huge price movements. You really can create a trillion dollar market with only 3.5% of a trillion dollars.

>>25803468
BTC needs tether to go vertical overnight. It needed about $22b since March to go from 5k to 40k. Fortunately, tether decided to create $22b of fake money since march. And you mustn't have been here during 2017 because they did this exact same shit on a smaller scale back then. But now they need an exponential amount of tether to move the price upwards as the price goes higher.

[Anonymous No.25803575]

>>25802633
Agreed. The ones who disagree are the same fellows who insist Trump won a second term: Emotions > Logic.

[Anonymous No.25803577]

>>25803248
Imagine being the pozzed copetard of the thread. Except you do not have to imagine, because you are the pozzed copetard of the thread.

[Anonymous No.25803695]

>>25803331
Now we're getting somewhere. Your argument is now that something that is worth 3.5% of Bitcoin is being frantically used arguably entirely to drive up Bitcoin. Great argument!

As if Bitcoin needs help when you have an unprecedented massive inflationary and monetary cataclysmic worldwide event with bonds at negative fucking yield in Europe and zero in the US for the next 3 years, with stocks being tied to valuations during a god damn recession and real estate tied to income during a recession, where the only thing the fed can do is print money and this all has no end in sight. Up only 2x from the previous ATH before JP Morgan, Fidelity, BlackRock and every other major wealth allocator on the fucking planet flipped from "fraud" to "considerable upside", with everyone looking for a store of value with even pokemon cards up 500% fucking percent.

>Tether

OKAY FINE. You win!

[pajeet No.25803784]

>>25800789
tell me why tether effects bitcoin and causes it to dump, when it doesnt... because tether is a stable coin and any money in stable coins means money not in the market, means money sidelines... why should we give a flying fuck about sidelines money being targeted? THAT IS A GOOD THING! if you target the sidelines money YOU FORCE IT TO ENTER BITCOIN....i dont get why people dont understand this and are stupidly selling when its clearly bullish news and means all that money in tether would have to flood into bitcoin to be safe....

[Anonymous No.25803856]

>>25803531
>You should probably read some basic books on investing or just wikipedia "market cap" because you clearly don't understand. If I issue a million shitcoins, and I sell one to myself for $1 and don't touch the rest, then the market cap is $1,000,000.

>If 95% of BTC aren't actively traded, then you only need to buy a tiny fraction of the available BTC to create huge price movements. You really can create a trillion dollar market with only 3.5% of a trillion dollars.

If you really think I don't understand this at this point, then I humbly submit myself to any other readers of this thread, and see if they think that I don't understand it. I've laid out my arguments against this theory and you have no counterarguments.

I can't argue with conjecture. Okay. Can't do it. It's impossible. So, we'll just see where the price goes shall we? I strongly suggest listening to the people I mentioned earlier. In all seriousness, your theory hangs on a fucking string and your opportunity cost if you fuck this up could be immense. Cheers.

[Anonymous No.25804261]

This news was posted on cointelegraph in December, this is not the reason for the 10% correction.

Far more likely is people selling into alt coins anticipating a repeat performance of 2017, or simply taking profits after an astounding week of gains.

The market corrected 15% last week as well, prior to the move up to $42k.

Additionally, the case milestone of Jan 15 means nothing in the short term, as the court case has been ongoing over 18 months and will stretch out many more months until conclusion.

Lastly, USDT tether makes up 38% of volume of bitcoin trading. There are now a basket of stable coins to replace tether if it became unstable.

FUD based in truth, but overexaggerated. Only worth a temporary trade if seriously worried about the short term impact of this old news.

[Anonymous No.25804935]

>>25803856
>conjecture
Have you not seen the interviews? They admit to running a ponzi scheme. They print tether and use it to buy BTC. What exactly about this is conjecture?

You keep throwing the evidentiary requirements back to me, which is impossible. They aren't transparent. They don't explain who their customers are. They don't explain how they make money. They don't even bother to deny not being backed 1:1 anymore. They don't say which companies their ""loans"" are made to, besides Bitfinex.

If it doesn't make sense, they're either monetary geniuses or scammers. I believe the answer is very simple. They are scammers.

[Anonymous No.25805427]

>>25801000
checked and correct

[Anonymous No.25805523]

75% of all BTC trades are with USDT. forget market cap

[Anonymous No.25805524]

>>25803695
No you fucking retard im saying THE EXCHANGE LIQUIDITY IS BEING PUMPED BY AN INSANE AMOUNT OF TETHER ENTERING THE SOLVENCY OF THE EXCHANGE.

It doesnt matter if there are 20 billion bitcoins. If only 35 bitcoins out of that 20 billion are actively traded then the price will pump and so will the market cap, even though the vast majority of the BTC arent doing anything

Do you understand?

Only a few million bitcoins are in exchange wallets. A few million have been lost through other shit over the years.

Meanwhile nearly all the tether is solvent, especially the ones theyre pumping the exchanges with.

Do you understand?


All the tether printed goes to exchanges to buy BTC. Do you understand u stupid fucking niggeR?

[Anonymous No.25805543]

>>25803331
That would work in Mt gox days
Insolvency of one exchange might start some domino effect when others go into "maintenance" like goybase does in every crash.
But most likely you would have to crash more than one, else arbitrage bots iron it out

[Anonymous No.25805669]

>>25805524
>Meanwhile nearly all the tether is solvent, especially the ones theyre pumping the exchanges with
lmfao, tethers are fungible you mong

[Anonymous No.25805736]

>>25800789
Unfortunately it's real.

Here are some academic papers that took a look at some of their statistics. Don't worry I won't make these into retarded info-graphics.

Still, do your own research.

Source 1: https://onlinelibrary.wiley.com/doi/full/10.1111/jofi.12903

[Anonymous No.25805765]

>>25805736
Still 1

[Anonymous No.25805773]

>>25805669
Fungible by what u nigger? USDC is a fraction of a fraction of TETHER.

>>Everyone will just use USDC bro

do you think USDC will print 20 billion on the 15th of Jan?

AHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

[Anonymous No.25805835]

>>25801000
Heh, yeah man...you're probably right. I'm just gonna give the charts a quick glance before be-AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

[Anonymous No.25805872]

>>25805773
>he doesn't know what fungible means
tether is not the same as USDC
how fucking dumb are you?

[Anonymous No.25805911]

>>25805736
still 1, with a 4 min wait

Honestly this is going to take forever, if there's interest I'll keep posting. The most pro-tether source I've found says they found no clear correlation between USDT and BTC price but there is a clear relationship with their volumes.

[Anonymous No.25805917]

>>25805872
Holy fucking shit you are retarded.

Do you think 25billion tethers evaporating in value will be 'saved' by the fungibility of other stable coins?

News flash you stupid nigger. Tether has more supply than all stablecoins.

[Anonymous No.25805970]

>>25805736
Im not reading all that right now, but holy fuck this guy goes in

>Aggregate flow of Tether between major addresses. This figure shows the aggregate flow of Tether between major exchanges and market participants from Tether genesis block to March 31, 2018. Tether transactions are captured on Omni Layer as transactions with the coin ID 31. The data include confirmed transactions with the following action types: Grant Property Tokens, Simple Send, and Send All. Exchange identities on the Tether blockchain are obtained from the Tether rich list. The thickness of the edges is proportional to the magnitude of the flow between two nodes, and the node size is proportional to aggregate inflow and outflow for each node. Intranode flows are excluded. The direction of the flow is shown by the curvature of the edges, with Tether moving clockwise from a sender to a recipient.

[Anonymous No.25805995]

>>25805917
>he still doesn't know what fungible means
why is your braindead ass still talking about other stablecoins? you must be the dumbing nigger on this board right now, and that's something

[Anonymous No.25806056]

>>25805524
>>25805773

Both of these are right in a way. USDT dying will cause serious short-term liquidity problems that will cause market correction.

Once something else takes USDT's place we'll start to see recovery, but probably not to the same level as now.

Just think about it, did $800 billion USD of capital really enter cryptos over the past 3 months? Does that really make sense?

[Anonymous No.25806069]

>>25805995
explain it then nigger

[Anonymous No.25806072]

>>25800789
Btc is going pos if eth2 is successful. Just a matter of years until whales will protect us all.

[Anonymous No.25806113]

>>25801069
You're looking at market cap in a wrong way anon

[Anonymous No.25806117]

>>25805736
Wasnt back in 2017 USDT/BTC pair the only on relevant? IF yes i dont understand their statement about >we find that purchases with Tether are timed following market downturns
Well with which money were people supposed to buy BTC if not USDT?

[Anonymous No.25806234]

>>25800789
When I left this board in 2017 they were screaming the same thing

[Anonymous No.25806262]

>>25802633
Good boy

[Anonymous No.25806309]

>>25806117
But here's the problem: they print USDT and buy BTC with it. Then claim USDT is backed by a basket of assets, of which they don't disclose what portion is BTC (someone link podcast).

If you drew that out what shape would that be?

USDT inflates the price of BTC with it's volume and as BTC increases in price it backs USDT's 1:1 USD ratio.

[Anonymous No.25806359]

>>25802633
Holy fuck how did I miss this.

Based.

[Anonymous No.25806362]

i keep telling you idiots... get into BCH while you still can.

[Anonymous No.25806503]

>>25806309
Well than there's nothing bad about this, right? I mean USD is also not backed by gold or economy and USA has tons of loans but they manage to keep dollar at the same level of value.

[Anonymous No.25806641]

Does this mean I sell everything now at 10% loss?

[Anonymous No.25806642]

>>25806503
You're right anon, a rando bahamas bank printing money is exactly the same as a sovereign country printing money. Genius. Hold on, I'm gonna buy a printer and start making USDB, then back it 1:1 with BTC bought with USDB too.

[Anonymous No.25806672]

>>25806503
the USD is backed by the US military mate.

[Anonymous No.25806722]

>>25804935

Mother of god.

>>25805524

Lol. I'll make this very clear as you are apparently are a very simple person. I know you can technically run the price up through an order book with one buyer and one seller. Tether makes up 3.5% of Bitcoin. Your argument is that a significant amount of that tiny position is being constantly created and used explicitly to drive up the price of Bitcoin. Are you fucking retarded? Just constant wash trading. No Tether being used for trading, arbitrage or DeFi. Tether isn't using it to borrow/lend, nope they're just driving up the price of Bitcoin. This is so incredibly retarded it's clear you are absolutely brand new to this space, not to mention dismissing the REAL, non-conspiratorial, actual macro reasons why Bitcoin is going up.

>All the tether printed goes to exchanges to buy BTC. Do you understand u stupid fucking niggeR?

No, all the tether goes to BUYING AND SELLING BTC. AS IN TRADING AND ARBITRAGE. Constant flows and volume. FUCK.

You all went from

>No intrinsic value

to

>Tether

When the FUCK are you going to get it?

[Anonymous No.25806752]

>>25806642
Well i personally dont care who is behind the scam , country like USA or random stablecoin creator who prints money. But i get your logic. USDT just does not have the power to fight country like USA and USA on other side has backing through their military power.

[Anonymous No.25806779]

>>25806113
No, I'm not. Read the thread.

[Anonymous No.25806780]

>>25800789
maybe it is real maybe it isn't but the big question is who cares? number will go up regardless, you just have to sell before the rugpull

[Anonymous No.25806855]

>>25806722
There are real reasons BTC is going up, and real demand, and real money coming in. You are right.
HOWEVER
There is ALSO a bad actor who can buy BTC with essentially $0, by printing funnymoney and buying it at any price. This distorts the price, and they've been doing it since 2017.

So: yes there is demand. But there is also a distortion of demand. How much? Who the fuck knows. It's definitely a lot because the biggest exchanges by volume all use USDT. So the fair price of BTC is now hard to determine, but is almost certainly not $36,300 or more.

[Anonymous No.25806984]

>>25806855

>and they've been doing it since 2017
Fine. Who, at what scale, and citation needed. No one GIVES A FUCK about what people THINK they're doing.

This is the only question that matters in this entire god forsaken thread.

[Anonymous No.25807009]

>>25806503
Who controls how much tether prints? If we graphed coins printed against BTC growth there will be a positive correlation since they buy BTC with USDT == creating artificial demand. It's bad because tether needs to continually print more USDT to keep BTC growing. The natural demand just isnt there.

USD is different in the sense that it's backed by a central party. The US has arguably more control over it's currency and can adjust different metrics. The situation with BTC and USDT is more like USD being backed by gold, US printing more USD to buy gold and inflating it's price to back their reserves. At some point the price of gold is too much, people say fuck this and start selling/not buying then what does the US do? Print more USD?

Interesting case study for sure. Does anyone know where to get stablecoin data? Preferably as an API endpoint?

[Anonymous No.25807115]

>>25806984
That's the question. If they would just release an audit, we can answer it for sure. Circle's reserve supply is audited, there is no reason Tether Inc isn't.

What we DO know:
1) They banked $850mil with Reggie Fowler, who is now in the custody of the US govt (and lost that money)
2) The CEO and CFO never appears or gives statements, only the CTO and lawyer have ever been seen
3) Their office does not exist at the address given
4) For the longest time, they outright denied Tether and Bitfinex are linked until the Paradise Papers showed otherwise.

The actual scale will be unknown until after it collapses. For the longest time Willybot trading from inside mtgox was dismissed as a conspiracy theory on the runup to $1000 until it all collapsed and the trading logs showed Willbot and Markusbot traded even when servers were down. It's all ogre desu.

[Anonymous No.25807200]

This thread is retard tier.
Tether FUD is recycled shit from 2017. OMG IT'S ALL COMING DOWN!!!
51% Chinese attack is brainlet too.
Why would the chinese kill something their elite use to get money outside their strict capitol controls? Also why would the kill BTC when it's already undermining the USD?
If you believe any of this you are a certified midwit.

[Anonymous No.25807291]

>>25807200
Theres a RICO case on the 15th lol

[Anonymous No.25807335]

>>25807200
checked

then hold, I wish you the best of gains

it's above my risk tolerance so I sold at peak 2 days ago. I hope it bounces.

[Anonymous No.25807360]

>>25807200
then why don't the US kill BTC if it's undermining the USD? surly they'd only need to print a few more trillion to do so. easy peasy.

[Anonymous No.25807452]

>>25807115
1. I don't see anything here besides Fowler owning USDT and Tether freezing his assets.

2. Okay. Did you watch this?
https://www.youtube.com/watch?v=b_Uq5QCHcU0&t

3. What address and where do they list it.

4. Okay.

>It's all ogre desu.

Yeah OK guys. Anything else? This is it?

[Anonymous No.25807581]

>>25803468
'HODLERS' ladies and gentlemen.

[Anonymous No.25807793]

>>25807452
No it's not all over. This situation isn't black and white over whether or not crypto lives or dies.

The growth we've seen is unrealistic and unhealthy. USDT is facing serious charges where the evidence seems to point they are manipulating the market and aren't fully backed by USD.

Short-term liquidity issues and a potential correction is what I see happening.

What research have you done? and what have you concluded from it?

[Anonymous No.25808213]

>>25801069
>L0OL

[Anonymous No.25808254]

>>25807452
Well a few jews also filed a civil Rico case against them, so add another nothingburger

[Anonymous No.25808429]

>>25807793
I've concluded that the idea that Tether is being used essentially exclusively as a wash trading vehicle simply to drive the price of Bitcoin up is not substantiated by any facts. Will facts on this be established someday? Who knows. But I don't like conjecture.

Even if this were proven to be true, the price of Bitcoin is in no way directly affected by Tether. In fact you could make a case that if Tether plummets, Bitcoin will skyrocket:

>On 15 October 2018 the tether price briefly fell to $0.88 due to the perceived credit risk as traders on Bitfinex exchanged tether for bitcoin, driving up the price of bitcoin.[25]

DeFi and ETH are the only systems reliant on Tether. There are other stablecoins that all rose during DeFi. If you compare the market caps, you can see that Tether was exploding throughout the time when Bitcoin crabbed for 6 months. If you want to use a stablecoin to arbitrage and trade Bitcoin you have a bunch of other stablecoins you can use.

So the only argument that can genuinely effect Bitcoins price is that Tether has been used to drive up Bitcoin. This hasn't been proven and therefore it's just FUD. That's really it. If you want to believe this based on the current information you're welcome to it, then in my humble opinion you are probably the "no intrinsic value" guy that has to find a new talking point and is oblivious to the 100T bond market, real estate, stocks, inflation, store of value and how money works.

[Anonymous No.25808565]

>>25803468
>Bitcoin doesn’t need Tether to go way the fuck up
>Tether was literally used to make Bitcoin go way the fuck up

[Anonymous No.25808590]

>>25807793
>The growth we've seen is unrealistic and unhealthy.

Nope. It's price is correcting. Tell me exactly why Bitcoin should be worth less than a 3rd of investible gold today. Much less 1/25th of golds total value.

[Anonymous No.25808679]

>>25808565
citation needed
an article where someone came up with an argument for it doesn't make it true