/biz/ - Business & Finance

What does these mean? Pretend I'm retarded.

>pretend

>>25667361
this* fuck maybe i am a retard

>>25667232
Man, when tether goes down in a week, bitcoin is going straight back to 10k

They ruined the cycles

>>25667232
I dont get why people blame tether so much? They have to keep up with the FEDs printing if it's going to be a 1:1 with the USD

>>25667361
>What does these mean?
that 400 000 000 USDT have been created
what's hard to understand ?

>>25667232
based

>>25667442
Well then it's not 1:1 backing anymore if they don't have the reserves

imagine they send 400mil USDT to your wallet by accident

>>25667361
Tether dues stopped giving fucks and dropped all pretenses their scam shop is legit. Market doesn't care so why should they? They'll print as much tether and buy as many bitcoins with them as they're allowed to which for now is all of them. How many do they have to print every week before this sham collapses? Who the fuck knows?

>>25667361
Was going to make a joke, but legitimately you may actually be retarded - so here is a sympathetic (YOU)

Though not directly correlated, Tether being minted normally means that BTC will pump. BTC pumping means the market shifts to pump also for a majority.

TLDR:
> BTC or ETH as an investment is a good choice right now.

>>25667361
Printing USD-backed tokens when you do not have the USD to back them is bad. Eventually you have to stop printing which leaves the market susceptible to massive dumps.

If Tether FUD is real it will all come tumbling down...

https://www.youtube.com/watch?v=_N66Hud_Tq4

>>25667545
Not that much different from what your typical bank does, only difference is that those are backed by governments

>>25667596
>Fud
lmao these idiots literally destroyed crypto with their fake pumps

>>25667728
they day when satoshi the secret glowie logs back in the meme will be complete

>>25667545
The federal reserve printed more fakes than USDT. You may think of this as contrarian bullshit but listen to this next sentence in disbelief carefully and then look into it yourself: $2 of every $5 USD was printed in 2020.

>>25667361
It means people are shorting/selling more and more.

>>25667232
What if they're really exit scamming right now
I don't know if I would even be mad, what a clever racket

>>25667728
Tether fud is bullish for Bitcoin. They are literally printing fake monopoly money and buying Bitcoin with it. Bitcoin is what they are accumulating not Tether.

>>25667728
Greed. It's all about greed. They destroyed Satoshi's vision a long time ago.

i never did understand the simple minds of morons thinking tether and the fed are the same thing. im not saying tether is evil-free, noone is that. but tether printing money is not the same thing as the fed printing money. not even close. not even a little bit. you must understand nothing about EITHER systems if you think its somehow the same.

sorry. dont know what else to say to you

>>25667232
These tether guys are going out with a bang ... probably Locked in a mansion somewhere with 10kg of coke, 50 hookers and a loptop and on between blow Jobs press the tether printer brrrr button.

Can’t blame them knowing the Feds will be at their door in a week

>>25667761
No shit genius I bet you just learned what the federal reserve was in the last year they’re an actual federally backed institution in the United States backed by the worlds largest military and intelligence agencies. They’re just now hopping on the crypto train and you’re retarded if you think they’re not going to go after this self proclaimed 1:1 USD backed company. Has nothing to do with money printing has everything to do with technocratic control of world finance

Kek. Tether printer go brrrrrr

>>25668004
This. The fed decides who goes brrr, not tether. The vans have already been dispatched guaranteed.

Everybody gangsta till they make a massive dump

>>25667962
>>25668059
You overweight retards really believe "the feds" have reach all over the world. That's how delusional the average american is. These Tether fags are nowhere near US jurisdiction, if they have any sense they'll be hiding in Russia or Iran, but even being outside US is enough.

>>25667827
Crypto was supposed to stop guys like these not empower them.

>>25668110
The FED is private you stupid goon. The big boys up top DO have reach all over the world. This doesn't involve the US at all, actually.

>>25667761
$21 of every $23 of Tether was printed in 2020 genius

I’m up something like 150% but I’m dumping my whole stack the moment this looks like it goes tits up

>>25668110
>being outside US is enough
Not when “USD” is literally in the name. Don’t underestimate the USAs ability to absolutely bully whoever they want anywhere they want

That’s like the ZAI money printer happening now.

Just think of how hard this moons when tether fud is found out to be a big nothing and everyone who sold out gets left behind.

I get erect just thinking about this.

>>25667510
Wait does Tether ltd using their own coin to buy btc?

>only two billion in one whole week
Rookie numbers.

How do I start my own tether printer?

>>25668110
Hiding outside the US he said...
in Iran he said... ...

>>25667361
basically they ate printing non-backed shitcoin to buy bitcoin and pump the price, then they cash out bitcoin before it crashes. enjoy the ride, and cash out before the top, the trouble of course is what happened today with all the exchanges locking us out simultaneously, this will probably happen again.

>>25668345
Tether fud is already priced in. Anyone with more than two braincells know it's bullshit. If it were real exchanges wouldn't still be holding billions of dollars worth.

>>25668265
I'm sure Xi and Vlad will appreciate being bullied by the US over a bunch of crypto scammers. They are a bunch of scammers themselves and there is fuck all the US can do about it. Snowden, who leaked national security information, is still in Russia, and "the feds" weren't able to get him.

>>25668153
As I said, they destroyed satoshi's vision. They should all be castrated and put into the oven. Nothing in this bullrun is organic. Neither is the stock market. It will crash like you haven't seen shit crash before this year.

>>25667501
tether has blacklisting functionality. They would literally ban your wallet

>>25667232
What is your problem really? If you own BTC then just ride the wave, they're literally making us all financially independent.

Based and redpilled Tether trying to make a change in the monetary system, you should be thankful.

>>25667232
see you at 3k usd (eth)
1.5b usd total market cap coming

>>25668391
isn't USDC actually backed by the dollar though? Couldn't you trade for USDC and be safe?

>>25668421
"Exchanges", literally all are run by - in the best case scenario fringe - criminals.

>>25668513
1.5t**

>>25668386
Fuck Trump, just compare Soleimani's stoic face to Trump's duplicitous, blubberous visage and you'll know who the real terrorist is

>>25668524
Even if that's true why does it matter? Do criminals not care if they lose billions of their own assets?

>>25668516
USDC is a regulated stablecoin you can't use it to evade sanctions so nobody want it

>>25668483
Btc was made by shadow agencies, Satoshi is CIA. This "dream" was always a false vision adopted by early investors.

Watch here. Bitfinex controls the whole crypto market with USDT printing. Bitfinex cold BTC wallet:

https://bitinfocharts.com/bitcoin/wallet/Bitfinex-coldwallet

When the blue line moves below, that means they're unloading btc and a massive crash is incoming. Notice the covid move from last year.

The same indicator for their ETH holding. ETH bitfinex wallet:

https://etherscan.io/address/0x742d35cc6634c0532925a3b844bc454e4438f44e#analytics

When the black line surpasses the blue bubble, ETH is about to shit the bed.

>>25668421
Exchanges don't give a fuck they just want fees

NO DIPS
NO CORRECTIONS

>>25668524
CZ just has a bunch of innocent bots manipulating entire markets and liquidating entire flocks of bobos. He is not a "criminal".

>>25668555
They are both. Death to America, death to Iran.

>>25668421
>What is Mtgox

>>25668110
>>25668221
>doesnt know about the banking clans
Colonialism didnt end that long ago bro

>>25667232
Why don't you actually check where that USDT is going, for once? 350M of it are currently sitting in a wallet, they have not been used to pump BTC

load ze tether fud

>>25668724
Yeah, exactly. What am I saying that goes against that?

>>25668356
Exactly what I was thinking

>>25668242
how would one spot such moment?

>>25667232
if the Asians buy all the coins like this what happens do we become Asian?

>>25667510
Dont they have to print tether whenever the fed prints? to keep a 1:1 ratio?

Anyone who doesn't cash out before Jan 15 is actually retarded

>>25668110
Trump is out of power, we're back to an Administration who gives 0 shit about the rules.

>>25668822
Your retard family member talks to you about Bitcoin because they saw it on tv

>>25667232
NO BRAKES
>NO BRAKES
NO BRAKES
>NO BRAKES
NO BRAKES
>NO BRAKES
NO BRAKES
>NO BRAKES

>>25668998
so lets give everybody possibility to print momopoly money to buy BTC, cuz why only one guy can print tethers but rest of us cant?

>>25667442
they have to receive them to print not match the FED. the FED doesn't back tether.

>>25669030
before monday you mean?

>>25668822
A 40% daily drop that doesnt recover is usually a good sign: they don’t let it fall by more than 20% now.

>>25668822
When the market is red and you can’t sell because all of the exchanges are down.

>>25668595
>When the black line surpasses the blue bubble, ETH is about to shit the bed
So right now?

>>25669109
Yes. It'll happen soon. Hard to time these things but people are delusional rn.

>bitfinex prints tether, buys btc with it
>btc poompa, everybody fooma
>bitfinex sells btc to buyers with dollars, after that only buyers with tether in hands exist
>btc dumpa
>everybody sell for tether, then try to swap tether to usd
>bitfinex fills bancrupcy so that they wouldn’t need to “give back” dollars for tether
>everybody with btc or tether on hand are fucked

>tether fud
Is this 2017

>>25669228
>tether fud
>finex being relevant
>there are hundreds of other stable coins on the market
ur dumb as fuck, bitmex is the only thing that drives usd price now

>>25669366
No it's January 2018 and good majority of normies are about to get rekt again

>>25668498
Yeah on bitifinex or they get tether on a new chain or some shit. Banning your wallet wouldn’t do anything. Plenty of dexs wouldn’t give a shit if you dumped tether.

Its 2021. Stop tether fudding you piece of shit. You've been at it for 4 years

>>25669536
When they blacklist your wallet the tokens are unable to be transferred. It’s built into the token contract itself as on-chain logic.

>>25669601
They wouldn’t be banning your wallet though. They’d just be freezing the coins.

>>25667232
>print more tether than can exist
>crash the system
>survivors == zero
Profit

It's probably Soros attempting one last fuck you to this Earth.

Tether crashs, all the retards sitting in tether rush into bitcoin, bitcoin moons even more.

>>25669751
next the retards rush into real USD and the system collapses

>>25669751
if tether crashes you won't be able to buy bitcorn with it, retard

>>25669751
>all the retards sitting in tether rush into bitcoin
That requires retards selling bitcoin for tether, how fucking retarded are you, who would sell bitcoin for 0$ value tether

>>25669861
im in this for the long retirement hold not the day trade game, kiddo

>>25669751
If tether crashes nobody will be able to sell it for anything and nobody will be willing to buy it with anything.

>>25667232
>>25667415
>>25667442
>>25667510
>>25667545
>>25667728
>>25667761
>>25667827
>>25667962
>>25668265
>>25668345
>>25668391
>>25668499
>>25668595
>>25668600
>>25668784
>>25669045
>>25669114
>>25669228
>>25669581
>>25669780
>>25669861
bonjour, gentlemen

>>25669174
I was about to say the same thing. Black line is above the blue bubble.....

>>25668084
saw this same post on /b/ different context

>>25670086
https://vocaroo.com/1bln2IPmnApJ

>>25667232
so will tether be ruled a security?
any amerifags can explain how that goes?

Im amazed how many idiots try to defend printing fake USD by tether. They must work for theter/bitfinex or must have brain damage.

So if I short bitcoin on january 14th I will be a millionaire?

>>25670313
why do so many people suffer from reverse stockholm syndrome?
if tether pumps my bags tether is my fren. just shut up and enjoy the ride.

>>25670343
Are you a millionaire already?
Then yes, but the dollar is gay and you'll be a billionaire if you /don'tsell/
Though of course, anyone with enough BTC to be a millionaire would surely know this

>>25670343
why the 14th seen it mentioned a lot

>>25669426
In January 2018 Bitcoin had just done a 20x from its previous ATH. Currently it's done a 2x from its previous ATH.

>>25670979
>chaotic systems follow exact patterns
this is your brain on mania

If the government can print money, so does tether.
Cry me a river, nocoiner statists. You are price out. You are done. Your wives will serve us beer.

>>25667361
>>25667407
I don't know why but I haven't laughed at a post this hard in ages

>>25667827
They don't just buy butcoin with it. They use it to keep the price artificially high on exchanges, so they can sell bitcoin for real currency to pay their dollar denominated debt.

>>25669031
this. They will start a war over far less

>>25671063
cringe and copepilled

>>25670313
They're blinded by greed
or just retarded

>>25671057
Everything looks "chaotic" to the brainlet who can't spot patterns.

>>25669827
>>25669861
>>25670040
Okay very simple question for you guys. Let's say I have $100 in tether, and $100 in BTC. Tether crashes and I lose all my money in Tether, fat RIP. Why exactly would I dump my Bitcoin immediately because of this event? Why would anyone?

https://cointelegraph.com/news/tether-printer-isnt-pumping-up-crypto-prices-researchers-find

>>25671184
tether confirmed going to the moon

Banks are allowed to loan out infinity money rn lol what did you expect

>>25671184
If tether is only backed 10% then your $100 in BTC is only worth $10

>>25667510

Laticia James says Hello Nigga

>>25668421
>priced in
80% of all crypto volume being wiped out in a single day is not priced in. Exchanges accept Tether because a) they are directly controlled by Tether, like Bitfinex, Poloniex, etc. OR they have been paid huge amounts of Tether to accept USDT (Binance). Coinbase is the only relatively honest exchange and it makes up only 10% of all volume.

>>25670086
>>25670157
Based bogger

>>25671156
The only ones coping here are you.

>>25671063
Ok. Now i know you are retarded pajet.

>>25671270
So basically the rest of the crypto market doesn't exist because one of several stablecoins failed an audit? Give me a break

>>25667510
>>25668391
Can Tether even keep up with the amount of Parabolic Fed Printing though?

>>25668383
Step 1: start an exchange cartel
Step 2: start a stablecoin via erc20
Step 3: make exchange cartel accept bullshit stablecoin
?????
Profit

>>25671184
>Why exactly would I dump my Bitcoin immediately because of this event? Why would anyone?
You couldn't even if you wanted, because if this unfolds, prices are going straight to 0 since
real liquidity is so low in the crypto market

>>25671063
USD is fiat, and world currencies are pegged to it.

Tether is literally an unregulated fraud. BTC is going to pop and lose all that estimated liquidity. People like you are going to an hero when you realize you could've sold, but refused to because "LOL HODL LIKE THE PORN STAR SAYS".

Get rekt, learn economics, see you after the correction. Nigger fag chink.

how low did you sell tether fags, tell me

Just be sure to shut the hell up after the 15th.

>>25667232
They need to pump the fiat price so they can exchange as few coins as possible when they bleed in to fiat to cover their 2020 tax liabilities. They'll also need the next 3 years of fiat on hand to keep the lights on so this shit is going to be catastrophic.

i don't think this has been priced in yet

>>25671321
>letting emotions get in the way of facts
ygmi

>>25667232
TETHERRRR FUDDDDD

>>25667232
Ok, so I may be retarded. But if they mint an equivalent amount of USDT to match the actions of the Fed, and both USD and USDT are being used in the market to buy and sell BTC, have they not artificially increased the money supply by an extreme amount (approaching 2x)? Does this not have ramifications if they don't have the reserves in USD to match (which they almost certainly don't). Is the potential effect on liquidity then correlated to the amount of USDT being used in the market? How did USDT become a quasi-standard for the purposes it's being used for? What is the SEC trying to determine by soliciting documents? I'm more than willing to do my own research, just point me in the right direction.

>>25671386
>real liquidity is so low in the crypto market
What kind of evidence do you have to back up this claim?

>>25671364
80% of ALL transactions in crypto are done on a Tether pair. The Tether price of crypto is taken to be the real price. People buy BTC or ETH or whatever at the exact same price as Bitfinex/Tether, who paid nothing for it. If you don't understand why this is a problem then I'll explain it for you - they are able to sell their coins all the way down to a few hundred dollars and still make a profit.

>>25671390

>>25671184
Also your study literally assumes that tether has 1:1 backing with dollar, which they haven't managed to prove in the last 3 years

>>25671473
USDT cannot be redeemed for USD and Tether says as much on their website. You can't do it. The best example they have of "cashing out" is transactions of people buying BTC with their Tether. That's it. So yes, your situation is bad, but the reality is so much worse. The entire crypto market is priced in Tethers, which are probably not more than 5-10% back at this point.

>>25668483
he doesn’t understand covid was /their/ chance to change policy so /they/ could convert their shitty usd paper into equities , bonds, probably bitcoin soon if not already also. Anything that’s a better store then paper

>>25671364
They've hyperinflated the market and almost every coin has USDT as the dominant pair.

>>25671504
they will never make it

Well USD is backed by world #1 economy, carriers, soldiers, tanks and atomic submarines. USDT Tether is backed by some guy sitting in his basement. If you dont see diffrence you must be retarded. And deserve to lose your savings.

>>25671549
>The entire crypto market is priced in Tethers, which are probably not more than 5-10% back at this point.
this is a fake meme and retarded. stop trying to crash crypto on the 15th you niggers

>>25671653
Tether is backed by the entire crypto market, which includes many billionaires and institutions, as well as governments at this point. If it wasn't, it wouldn't be trading at $1.00

>>25671682
>this is a fake meme and retarded.
The tether price is the price of bitcoin. If the real value of USDT is less than 1 USD, then BTC is worth a lot less in USD as well.

>>25671695
>Tether is backed by the entire crypto market, which includes many billionaires and institutions, as well as governments at this point. If it wasn't, it wouldn't be trading at $1.00
XRP-tier delusion

>>25671695
nope

>>25671682
>>25671695
some of the tether fudders actually aren't trying to crash the market, they genuinely believe it will crash. But they're wrong, and its proven by the fact that Tether would already have crashed if it was going to be an issue, since everyone already knows about the SEC situation. The 15th is just the last day, if shit was going down it would happen before then.

>>25671549
I suppose the stability of the house of cards is determined in some part by their ability to leverage their massive positions in BTC to acquire loans to demonstrate backing but...it seems like a marble circling a drain. Does the notion of "too big to fail" even apply in a market such as this? I want to be skeptical of the doom and gloom but holy shit this seems like a ridiculous financial superstructure placed on BTC's alleged original determinants of market value.

>>25671785
XPR is going to make it just like tether is

If tether wasnt scam they will allow you to simply buy/sell crypto for cash and send/recive cash. If you are too stupid to understand you will learn the hard way.

>>25669045
LOL

>>25671803
>tether would have already crashed
If you're looking at the right information, you realise that it already is crashing.

>>25671860
>holy shit this seems like a ridiculous financial superstructure placed on BTC's alleged original determinants of market value.
It will go down as the biggest financial scam in history. There's going to be great documentaries about it in a few years. More than 700 billion dollars of value could disappear overnight if 1 USDT does not equal 1 USD. This is nothing like 2017, don't listen to people saying this is standard fud. This is a financial apocalypse waiting to happen.

>>25671923
This. It's an altcoin posing as a stablecoin, not backed by real record keeping, just minting.

>>25671860
more importantly what does this mean for my alts

>>25671803
>The 15th is just the last day, if shit was going down it would happen before then.
Ever heard about exit scamming ? They hold the liquidity.

>>25671682
we aren't trying to crash the market retard we are apart of it, some anons are honest with themselves though and prepare in time while others would rather burry their head in the sand

>>25672008
So how low do you think it'll go? How bout ETH's exposure to USDT? Are the coins forever tainted or will they rise again?

>>25672022
Everything with a Tether pair, aka almost every alt, is propped up by fake volume. In addition, most alts are priced in BTC or ETH, so the USD value of these alts will tank extremely hard when the USD value of ETH and BTC tank. Arbitrage will make every ship sink simultaneously.

>>25668998
Is this premium fucking bait or are you seriously asking. What does that look like in your head. Please for the love of God explain to me how they would use that to keep up with inflation. Holy shit.

>>25672008
part of me wants to thank you guys for doing such a good job fudding so we can discount buy, but then I remember you're just a stinky pajeet who got priced out

>>25671785

I just wonder who the fuck buys tether to then buy btc, why not just buy btc? Stinks like a massive scam...

>>25672156
I'll put it this way:
nigger fag chinks in hong kong are printing money that's not really while you used real liquidity and therefore are being stolen from by nigger fag chinks. this is correlated with the chinese nigger fag mining farms and their recent takeover of Hong Kong proper.

>>25672249
ok, ill just sell on the 14th and buy back on the 16th in case
>as if

>>25672074
>>25672056
>>25672037
>>25672008
>>25671923
yawn. be in crypto for longer than a year and then get back to me

>>25672008
What will happen to usdc, is it safe do you think

What will the effect be on BTC?
I bought all my BTC today, should I sell half 14 january?

>>25672454
oh no please, are you serious? damn this is getting bad

>>25671473
https://www.kalzumeus.com/2019/10/28/tether-and-bitfinex/

It's the Arrested Development "Take a Banana, Take a Buck" model. Because proof-of-waste coins are negative sum, actual cash has to come out the backside of BTC to pay for the electricity to operate the network. The higher the price, the more money has to come out (because in short time horizons the block reward is fixed).

What happens if you buy all the bitcoin yourself with fake money is someone still has to pay the electric bill in real money. That's why you have to keep printing, faster and faster, to prop the system up.

>>25672069
It's good long-term. However, it will be the trigger for extreme losses, massive regulation of crypto, and we'll see realistic volume and prices again. The BTC price will once again be the price that someone is willing to pay for a BTC with USD, not ERC-20 tokens backing by nothing.

>>25672156
>priced out
I still own plenty of crypto but if you're not taking some profits into gold, a market which while being manipulated looks very honest compared to crypto at the moment, then you're going to be a pink wojak.

>>25672233
Nobody. USDT floods the market, which is used to buy BTC for free. Any price Bitfinex sells BTC at is a profit. This is a huge, huge danger, especially for a completely unregulated company with no headquarters, no banking relationships, no real people with real addresses running it, and claiming to have $25b in assets.

>>25672309
>been in crypto since 2019
>thinks he's an oldfag
Tether were called out on pump and dumping BTC in 2017, which they were proven to do. Those transactions are on-chain. And that was with just $3b of tethers. Now that they printed $22b more than in 2017, in 9 months alone, you think they've suddenly become honest?

>>25672502
Yes, I think the public will pump it harder
I'm a newfag but BTC will go up I think hard the coming week and then crash and eventually go up even further, I wanna sell before the top.
When do I sell?

>>25672279
With that attitude, please don't consider suicide in case you are wrong, or just sell when you can still rake in good profits. I care about you dude.

>>25672549
desu I might take profits on my BTC just because. but I'm leaving my shitcoins/pet projects that I really believe in

>>25672398
It depends on whether coinbase can remain solvent in the event of a mass cashout

>>25672574
don't worry, I'm a college student who hasn't even finished freshman year yet. I'm comfortable losing all my money because my parents pay the bills

>>25672549
I never said I was in crypto since 2019 you moron. It's just painfully obvious how new you are by fudding this tether nonsense again.
>implies the entire crypto market is a conspiracy solved by retards on biz
stop abusing adderall you schizo

>>25672610
This, I'm unironically cashing out now. This could cause a full blown liquidity crisis in crypto. I'm not saying it will, but you'd have to be fucking retarded to keep your money or coins on brokerages in a week from now

>>25672663
learn to invest and make money now or you'll regret it big time by the time you graduate

>>25672663
just sell on the 13th bro its safe guarantee dmoney

>>25672663
I changed my mind, kys.

>>25672701
>tether nonsense again
The problem is an order of magnitude greater this time and if you can't see that then there's no helping you. They need to print an exponential amount of Tether to keep the exponential price of BTC of dropping. They are doing this. BTC is priced in Tether, as ~75% of all daily volume comes from USDT. You cannot cash Tethers out into USD. If you do not see the problem then you deserve to lose your money.

>>25672794
post shorts or go back to where you came from
https://www.reddit.com/r/CryptoCurrency/comments/ksdfne/why_tether_might_tank_the_crypto_market_on_jan/

>>25672794
tether is a nothing burger it's going to affect the market just as much as XRP did

>>25672794
It’s cut and dry market manipulation, not to mention treading on the United States’ right to mint their own 1:1 us stablecoin.

>>25672738
kek, I have 8000 of my job earnings in an index fund. crypto is a side bet for me with much less.
>>25672757
I can take risk, I'm young.
>>25672762
no u

>>25672557
you literally made me sell, fuck yourself motile get ready for a crash

>>25667232
Too big to fail.

>>25672794
Give me your most conservative projection before the crab up.

>>25672701
> on biz
on Reddit you mean

>>25670157
>https://vocaroo.com/1bln2IPmnApJ
Kek

>>25673114
unironically $3-4k if things really shit the bed. A 90% correction is not as insane as it sounds. A more conservative estimate would be back to $8-9k, it depends on how much fuckery was involved in supporting the price in 2018. $5k BTC is a real possibility and don't let any "new paradigm"ers tell you otherwise. BTC will eventually be 100k on fundamentals alone but this is just insanity fueled by paper money masquerading as USD.

>>25673250
goy USD is our greatest currency ally

the tether rope is coming better be prepared

>>25673250
Considering Bitcoin was at $3-4k back in March, a 90% correction is not insane at all.

>>25673323
What's a good safe haven?

>>25673347
XRP or more tether

>>25673347
kraken or coinbase actual USD/EUR pairs. Or maybe other stablecoins like USDC or BUSD

>>25673373
cucken and cuckbase purposely allow their shit to "experience heavy traffic" always at the best times

>>25672541
thanks. this gave me some much-needed context

>>25673387
yeah i know

>>25673347
USD or gold. Miners and PMs. Plain old boring value stocks. Don't accept anything denominated in USDT. Unfortunately this means BTC, ETH and shitcoins. BTC will probably suffer the least, because it has some real USD flowing into it, but it's still going to get destroyed.

>>25667232
Unpopular opinion: Tether is printing when they close OTC deals with institutions. It's actually just insanely bullish and the price reflects it immediately.

>>25673467
Yeah, only complete retards think Tether is actually creating fake money and buying vast sums of bitcoin money with it. They would have been shut down a long time ago if that were actually the case. Instead they create tether tokens in response to demand for them, give the tokens to exchanges, and then let the exchanges give the tokens to people who buy them.

>>25667827
>printing monopoly money to match monopoly money so you can artificially raise the price of monopoly money

>>25673629

Reality has gotten too complex. We need it all to crash so 75% of population dies off and we can live trad comfy lives again

>>25668595
WHY CAN I NOT OPEN THE BITCOIN LINK

>>25671803
December 2nd Democrats started a bill. Will the bill be passed January 15th?

https://www.fxstreet.com/cryptocurrencies/news/if-tether-falls-the-whole-cryptocurrency-market-could-go-down-with-it-202012171737

>>25669031
literal mouthbreather

>>25667827
>decentralized

>>25673893
Whilst institutions are buying the largest amounts of BTC ever seen still.

https://www.google.com/amp/s/dailyhodl.com/2021/01/06/institutional-investor-executes-one-of-the-largest-crypto-trades-in-history-on-coinbase/amp/

>>25670086
Thank you based bogger

do you even feel it anymore?

>>25675365
Institutional hedge fund managers unironically have even lower IQs than bizbros because it's not even their own money.

Most of them just YOLO at the stupidest investment possible then shill it mindlessly in the media, they get paid the same regardless.