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/biz/ - Business & Finance

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File: 401 KB, 1080x1342, Screenshot_20231113_183543_X.jpg [View same] [iqdb] [saucenao] [google]
56656871 No.56656871 [Reply] [Original]

straight back to fucking $4k

>> No.56656891

>>56656871
What does this mean? Sorry, Im a newfag

>> No.56656907

>>56656891
It means absolutely nothing
OP is a schizophrenic bear

>> No.56656914

>>56656907
Doesn't it mean they moved 3.9b to cover btc sells into usdt? Meaning btc is gonna go down?

>> No.56656919
File: 107 KB, 298x356, Retarded Nigger.png [View same] [iqdb] [saucenao] [google]
56656919

>>56656871
>big boys are going to buy $4B worth of crypto
>this will make it go down

>> No.56656921

>>56656891
It means tons of people are cashing out. There's not enough USDT balance in Binance's hot wallet, so they're moving some USDT from cold wallet to hot wallet.

>> No.56656924

>>56656914
I mean, not that 3.9b would even make much of a dent.

>> No.56656929

It means literally nothing you dumbass nigger twitter screenshot posters

>> No.56656935

>>56656929
Hey bro I'm genuinely trying to lurk and learn, gimme a fucken break

>> No.56656940

>>56656921
Thanks fren, that's what I was thinking

>> No.56656959
File: 136 KB, 1024x575, image-196-1024x575.png [View same] [iqdb] [saucenao] [google]
56656959

it means legal action is coming against USDT and tron.

USDT has been using USDC reserves as its personal piggy bank. we're in a bull run and USDC market cap is dropping?

>> No.56656974

>>56656959
well this is fucking scary

>> No.56656988

>>56656919
>what is short selling

Cope seethe and dial8

>> No.56656996

>>56656891
means cartel needs money, btw binance can print any amounts of USDT from thin air,

pic related :this type of behaviour is used so more people can short in uptrend. more innocent new traders and VC get rekt

>> No.56657012

>>56656871
>>56656959
>>56656974
You aren't getting my coins faggot.

>> No.56657045

>>56657012
No1 wants your erc20 “stable” coins fagotfuck

>> No.56657053

>>56656891
>>56656907
>>56656919
>>56656929
It means the hot wallet needs more USDT which means they expect people to sell crypto for USDT as no new one is coming.
Bitcoin is going sub 10k and there's nothing you can do against it

>> No.56657067

>>56657053
Good, I want btc to go back down so I can short it all the way. Then buy back at bottom right before the halving

>> No.56657087

>>56656871
https://youtube.com/shorts/EMQrwEdzb3o?feature=shared

>> No.56657108

>>56656891
>>56656935
cold wallet = long-term storage
hot wallet = short-term storage

Moving money to short term storage usually means it'll be exchanged. For what? Who knows? An exchange like Binance has a myriad of reasons to do movements like that. Only insiders know where that money will be spent and the rest of the market can only speculate. You can gain perspective on how much the 3.9b represents comparing it to the total market cap of crypto, although none of those number are solid data since USDT can lose its peg and become completely worthless overnight.

>> No.56657124

>>56657053
or it means your printed unpacked stablecoin isn't worth as much as they say it is and they're swapping it out for USDC and cashing out.

usdt is basically a casino chip used to leverage gamble on crypto. someday the casino won't redeem those chips.

>> No.56657126

>>56657108
they're going ETH maxi, trust me I'm an insider. all jokes but this is what bh is going to spend it on

>> No.56657127

>>56657108
Thanks, mate. If usdt de pegs then it's game over for crypto. Atleast for the american market anyways

>> No.56657128
File: 1.99 MB, 448x252, 1587585642994.gif [View same] [iqdb] [saucenao] [google]
56657128

>>56656935
>I'm genuinely trying to lurk
>6pbtid

>> No.56657134

>>56657124
So what's the difference then between usdt and usdc? Just different chains?

>> No.56657139

>>56657128
I'll rephrase. Been lurkin a while, posting for the first time. Hence if u read my posts you'll see I know a bit but not everything.

>> No.56657167
File: 777 KB, 1080x2316, Screenshot_20231109_163627_X.jpg [View same] [iqdb] [saucenao] [google]
56657167

>>56657134
USDC is backed. they have audits. proven t bills.

usdt is not backed and printed whenever the casino(binance/bitfinex) needs more chips to gamble with.

except people are assuming USDT is worth the same as USDC and its extremely unlikely but they swap 1:1 anyway. someday, an American exchange is going to be holding a whole lot or hot fucking garbage usdt and it's going to tank because tether spent the last few years draining all the value swapping out for usdc.

screenshot relevant. usdt instantly printed 1b usdt out of thin air.

>> No.56657195

>>56657167
Is it just as easy to sell an asset for usdc as it is for usdt?

>> No.56657211

>load ze same tether fud

>> No.56657272
File: 1.97 MB, 498x373, download (1).gif [View same] [iqdb] [saucenao] [google]
56657272

>>56657195
depends on the chain, some people are afraid of circle blacklisting but its not possible with some bridged assets so unless it is on those specific chains they trade interchangeably

>> No.56657306

>>56657272
Ok. Cuz if usdc is more legit and stable as OP said then it's just a no brainer to swap for that over usdt. I figure usdt is just more user friendly and accross more chains

>> No.56657341

>>56657067
>>56657127
you are such a massive faggot holy shit. Enjoy getting liquidated

>> No.56657361
File: 70 KB, 728x900, 109846902_10158892596773463_3153088006888783996_n.jpg [View same] [iqdb] [saucenao] [google]
56657361

>>56657306
i wish there was any ostensible different between usdc/usdt/dai but there fucking isnt and it upsets me. really makes you wonder why they killed the dai guy
x.com/delete_shitcoin/status/1585918718088970241

>> No.56657394

>>56657341
Not a faggot, bro no matter how much you wish I was. I'm just newish to this shit so I'm tryin to learn so fuck off

>> No.56657400

>>56657361
I remember seeing this shit on pol. Really does make u think. He was probably onto something big

>> No.56657407

>>56656871
And I should care why? Do you just post any random tweet and expect it to be the next black swan? Fucking nocoiners lmao

>> No.56657433
File: 57 KB, 1064x884, 1673940617853711.jpg [View same] [iqdb] [saucenao] [google]
56657433

>>56657053
>IT DOESN'T MEAN THEY ARE GOING TO BUY IT MEANS THY ARE GOING TO SELL BECAUSE..... BECAUSE IT JUST IS OKAY!?!?!?!?!?!?!?!

>> No.56657458
File: 750 KB, 1080x2316, Screenshot_20231109_164631_Chrome.jpg [View same] [iqdb] [saucenao] [google]
56657458

>>56657407
you absolute moron. look at the path we're on. there are only two ways to stop the giga Chinks. either let usdc get drained to zero and then tether collapses anyways along with coinbase and every other exchange. or ban it and prosecute anyone pushing the scam like CZ.

What do you think circle wants to do right now?

>> No.56657463
File: 28 KB, 370x370, 90127778_895147464258694_3800490936731959296_n.jpg [View same] [iqdb] [saucenao] [google]
56657463

>>56657400
his other stable coin project rico died with in the water https://bank.dev/rico
>6-13-2023 This is an archived work. It’s preserved in memory of Nikolai Mushegian, co-founder, core contributor, and dear friend. Some parts may be out of date. Updated docs will be posted soon.

>> No.56657486

>>56657458
>What do you think circle wants to do right now?
I don’t know, what?

>> No.56657495

>>56656871
They're going to buy LINK.

>> No.56657507

>>56657458
CZ has nothing to do with USDC and people leaving USDC doesn't mean one thing or another either. You're making nonsense posts

>> No.56657515

>>56657394
>I'm just newish to this shit so I'm tryin to learn so fuck off
Good to know. Just bought more

>> No.56657523

>>56657507
Nah bro, I think he's making more sense than anyone else

>> No.56657527

>>56657515
What did you buy?

>> No.56657530
File: 38 KB, 1138x390, stablefees.png [View same] [iqdb] [saucenao] [google]
56657530

get it now? I didnt think biz was so fckn uneducated about stablecoins

>> No.56657532

>>56657523
Please tell me this is sarcasm

>> No.56657587

>>56657532
Hmmm lets see faggot. He's explaining shit and youre just name calling. Who the fuck u think I'm gonna listen to you fucking niggerfaggot bully

>> No.56657600

>>56657532
Obviously you were raised in a broken home with loose morals and poor values and this is why you will continue to be a product of your shitty upbringing. Don't drag the rest of us down with you

>> No.56657606

>>56657394

same bullshit u fucking retards were saying about USDT too LMAO. Don't forget your fucking stop-losses faggot

>> No.56657616
File: 1.23 MB, 4032x3024, AB7F4CF0-355A-4AD4-AAC7-9DA750B20FCB.jpg [View same] [iqdb] [saucenao] [google]
56657616

>>56657587
Nigger. USDC is not the markets main liquidity. USDT is. People leave USDC for other shit such as USDT aka pic related
You and your boyfriend don't know shit. As for the pic in the op, it quite literally means nothing. First of all 3.9billion ain't shit as far as volume goes. Second the nigger is fear mongering thinking that somehow means dump to 4k. You're both clueless

Also, you dumb nigger: >>56656891
Ya no, you don'y know anything LOL

>> No.56657621
File: 1.32 MB, 434x498, soy.gif [View same] [iqdb] [saucenao] [google]
56657621

>you fucking bully

>> No.56657629
File: 56 KB, 498x334, CD631918-F2A2-4AB9-A86E-037B4C1CDD35.gif [View same] [iqdb] [saucenao] [google]
56657629

>>56657600
What the fuck is this dumb nigger waffling about? LMFAO

>> No.56657651

fiat mint usdt - supply exchanges and marketmakers
offer usdt in return for btc/eth/defi
usdt either goes back into btc/eth/defi
or usdt into circle to burn usdc for fiat

>> No.56657666

>>56657621
Kek, I don't have a beard

>> No.56657686
File: 1.86 MB, 280x211, 1000004404.gif [View same] [iqdb] [saucenao] [google]
56657686

>>56656871
WOAH FO BIRRION DORRA

>> No.56657693

>>56657530
ur a fagat. If tether is transferring billions in usdt to circle to cash out then circle would be cashing out the usdt with tether or selling it for cash, your retard fud relies on circle just sitting on billions of usdt

>> No.56657708

>>56656988
>Cope seethe and dial8
that's what you do all day, huh?

>> No.56657755

>>56656891
It means there is more buying and selling happening. When there is an influx of buying as there has been, there is also a lot of selling as there has to be. Those who sell receive USDT and cash out.

It doesn't mean anything except that there is more volume. OP is retarded.

>> No.56657777

>>56657693
You braindead monkey, seek help

>> No.56657801

>>56656891
Check the volume

>> No.56658004

>>56657777
>tether sends usdt to circle
>circle wires billions to tether
>circle now has billions of usdt
>sits on them
Ur a fagat

>> No.56658011

>>56657708
I am getting rich shorting crypto while you are losing a lot of money right now

>> No.56658087

>>56658011
>getting rich shorting .5% moves
Congrats on 5 dollars

>> No.56658099 [DELETED] 

>>56656891
Blockchain has hot wallets and cold wallets, if you keep funds in a cold wallet too long they get frozen. So you have to move assets now and then to warmer wallets.

>> No.56658141

>>56657394
kek you're new to this and you're going to short btc because of a single transaction? fucking dumbass. whales move this kind of cash periodically just to take snapshots of it to post on twitter to make newfags like you fearful for no reason. if you ever react to these kind of posts just know you're getting played

>> No.56658227
File: 478 KB, 1080x1521, Screenshot_20231114_061541_X.jpg [View same] [iqdb] [saucenao] [google]
56658227

he's calling for it again.

circle about to cash in another tbill.

>> No.56658264

>>56656871
How does temperature affect usdt?

>> No.56658286

>>56657616
DO YOU UNDERSTAND ANYTHING

USDC is having to burn reserves. that's why it's reserves and market cap are going down. it's not just being exchanged for tether, it's being exchanged for tether and then turned into USD through kraken, coinbase, etc.

this isn't simply being swapped out, it's disappearing. all the while USDT market cap grows because someone is suppsedly funneling billions into a stablecoin that's about to get legal action taken against it? think you fuckin idiot

1. print tether
2. swap tether for usdc
3. cash out usdc

that's how you get the market cap with the second post

>> No.56658310

>>56656871
>>56656959
>>56657124
>>56657167
>>56657458
>>56657616

hi OP. remember when USDC depegged because of failing bank and USDT didnt?
>USDC issuer Circle had $3.3 billion deposited with Silicon Valley Bank

>> No.56658379
File: 528 KB, 1080x1938, Screenshot_20231114_062724_Chrome.jpg [View same] [iqdb] [saucenao] [google]
56658379

>>56658310
and? who cares. usdc is redeemable.

usdt is wash traded like fuckin crazy.

imagine thinking we're in a bullrun while everyone is cashing with the only stablecoin that does allow you to cash out.

-300m in the last 7 days
-1.2billion in the last 30 days

>> No.56658820

Stablecoins were always a mistake.

>> No.56659152

>>56658286
>1. print tether
>2. swap tether for usdc
>3. cash out usdc
Ur a fagat. Your retard hypothesis requires the market to just be sitting on tens of billions of usdt that has no demand, this would cause hardcore depeg of both usdt & usdc

>> No.56659500

>>56657053
finally someone with a fucking brain on this board
look at the charts, anon was completely right
exchanges move stablecoins onto their hotwallets in anticipation of big sell offs

every anon thinking this means a pump is a retard

>> No.56660057

>>56656988
do you really think they need usdt to short on their OWN platform you mongoloid faggot

>> No.56660156

>>56657394
Newfag

>> No.56661218

>>56656935
>hey bro
>fucken
>>56657127
>mate
Go back.