[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 58 KB, 637x259, 1610100949391.jpg [View same] [iqdb] [saucenao] [google]
25692209 No.25692209 [Reply] [Original]

>> No.25692357

>>25692209
Please explain why this should scare anyone

>> No.25692493

>>25692357
All your fake internet meme money needs to be backed up by something with real value (in this case USDT =1 real USD) if somehow the USDT Pool is not really backed up by real money the whole system collapses and investors will lose any kind of trust in our internet meme monies

>> No.25692541

>>25692209
>if i send a tether to myself, this counts as volume
you fucking prick

>> No.25692573

>>25692493
How can we know if they trully have on their reserves 1 USDT = 1 USD ?

>> No.25692576

>>25692493
retarded libertarian

>> No.25692633

>>25692493
This is yearly volume though. I can have 1 USDT and just trade it back and forth between you and I 70B times and have the same number?

>> No.25692637
File: 321 KB, 828x1309, DD787CC4-EB6F-4D37-8A2E-2C5BA921AC2A.jpg [View same] [iqdb] [saucenao] [google]
25692637

>>25692209
Does this scare you, OP?

>> No.25692676

>>25692493
USDT isn't the only stable coin dumb fuck and all the stable coins we have rn aren't even all the stable coins we will have on the future. Tethers practices had been known for a long time and their competitors are catching up. New competitors are also being created.

>> No.25692677
File: 324 KB, 414x459, 129846516845.png [View same] [iqdb] [saucenao] [google]
25692677

>>25692209
Based tether.
Unironically bullish AF.

>> No.25692774

>>25692209
how can tether volume be significantly higher than btc volume lol

>> No.25692810

Are they seriously comparing yearly volumes with market caps? Who created that table???

>> No.25692935

>>25692676
I really just hope tether dies and some other regulated or perhaps just use real USD to buy bitcoin if we want fiat to collapse.

>> No.25692972

>>25692774
If you are seriously this fucking retarded just leave and never fucking return. Seriously!

>> No.25692986

Tether must die eventually everyone knows it deep down satoshi would frown upon them

>> No.25693111

>>25692493
Volume can be wash trading retard.

>> No.25693177

>>25692935
Read this if you want it's an intro into stable coins based on precious metals
https://www.google.com/amp/s/cointelegraph.com/news/stablecoins-backed-by-precious-metals-how-do-they-work/amp

>> No.25693230

>>25692972
if 1000 usd worth of btc is bought with tether this counts towards the btc and tether volume equally. Are you saying the altcoin volume of tether is more than 2x as high as the btc volume of tether? I find that hard to believe

>> No.25693280

>>25692209
>tiny little doubt digit trillion numbers
LOL, get back to me when you're ready to acknowledge the fact that the derivatives markets are literally QUADRILLIONS per year.

>> No.25693305

>>25693230
Well you are obviously that retarded. GTFO!

>> No.25693453

>>25693305
>absolute state of tether fudders

>> No.25693509

>>25693230
Yeah because tether isn’t used for just btc. There’s eth, ltc, etc retard. Kys

>> No.25693594
File: 976 KB, 1268x5972, Screen Shot 2021-01-08 at 15.04.18-fullpage.png [View same] [iqdb] [saucenao] [google]
25693594

>>25693509
I might be wrong but it looks like the vast majority of volume is in btc tho

>> No.25693828

>>25692493
lol no, BTC does not depend on tether nor does it depend on USD, tether depends on bitcoin

get out of here

>> No.25693857

>>25692209
>If you aren't a newfag then you're ngmi
Shut the fuck up newfag

>> No.25694423

>>25692209
>a currency that people send and receive has a higher volume than stocks that people just hold
yeah no shit sherlock

>> No.25694967

Oh no, crypto demand is massive and 1 of the dozens of stable coins might be a scam!!!1!11!!

>> No.25695855

>>25692209
90+% fake volume
100% fake panic
next