/biz/ - Business & Finance

Everyone just assumes the worst. I'm expecting a massive pump on the 15th.

>>25781430
Yes, this is a common tactics.
2.5 millions of pages will prolong the time before the court decision, while Tether will continue to print billions of "dollars".

>>25781430
Also, shit’s so shady he needed a LAWYER to sit next to him in a podcast, and all the answers were noncommital copouts. HAHAHHAHAHAHHA

please listen to the podcast, I was unsure if these guys were scammers before but now I’m fucking sure.

>>25781493
link?

>>25781492
Also I forgot to say that if you have everything in order, you will not need 2.5kk pages, you will need only several bank statements.

https://twitter.com/paoloardoino/status/1348283355041853440
>2.5 mil pages
my fucking sides

>>25781493
Dude. Ofc you need a lawyer with you. You can endanger the whole this with just a wrong turn of phrase.

>>25781430
>2.5 MILLION DOCUMENTS
craig wright is a rookie

>>25781430

>>25781430
Called it. They're going to give them chaff and drown them in irrelevant garbage. This is a delay tactic

>>25781492
Sounds based, what's the problem? Outjewing the jews

>>25781430
>2.5 million

Why do you need that many documents?

>>25781493
you are fundamentally clinically retarded
law is based on language use, this is why the whole meme of wanting your lawyer present isnt a sign of guilt, its a sign of knowing that even saying something you really believe absolves you from guilt will be the thing that sends you to fucking jail
law is scary
>>25781567
thank you

>>25781475
Crypto is full of schizos. Even if the FUD is fake, the fact that everyone is talking about the 15th means it will probably dump

>>25781567
Like how Elon Musk had a lawyer sitting next to him on Joe Rogan. Btw in the podcast he actually confirmed Tether is not backed by cash, but by an “asset mix” including btc. Bought with Tethers. Oh my god. Oh my god.

>>25781430
>2.5 million
are they even trying to hide it anymore

>>25781430
Oh shit this nigger capitalized fud, he's literally been shitposting on /biz/. Notice the capitalized "Fud" same as his tweet.

Hi Paolo you fucking nigger!

Stop pretending to know shit you snivelling little kike. You are out butthurt because you got out-kiked but some mutts. You had 10 years.

make sure to exit the market in usdt

> 2.5m document pages
> takes roughly a year to get through
> makes you think

>>25781672
If you look closely, you can see he also capitalizes first letter of a sentence too, like some sort of reddit fag.

Can't believe Tether fud still around. If are a licensed FinCen entity, you will get shutdown in 6 months had they done illegal things. People get fudded too easily.

>>25781682
I hold BTC and I’m deciding whether to sell or hold until it goes higher. This shit is making me nervous anon. But I admit I am a greedy pig and would like to sell for $100,000 instead of $40,000

>>25781730
Sell. I see you are not made for this.

>>25781725
>If are a licensed FinCen entity, you will get shutdown in 6 months had they done illegal things. People get fudded too easily.
Read the scamming behind Bitfinex, the owner of Tether.

https://en.wikipedia.org/wiki/Bitfinex

Completely fake money inflating bitcoin without any backing. 2.5M papers of etherscan transactions from "Tether Treasury" directly to Binance and Huobi.

>>25781430
2.5 mil pages
My fucking sides, where have they gone

>>25781645
>Elon Musk
Elon wasn't on a podcast to discuss a court case. In fact, there wasn't even one pending at that time. Pretty lazy analogy.

>tether is real! It's super simple!
>how simple? uhhhh it's explained somewhere in these 2.5 million pages
>simple as

>>25781632
>Outjewing the jews
The problem is that they will eventually outjew you if you continue to use USDT. I have nothing against (((institutional investors))) losing their assets.

https://www.courtlistener.com/recap/gov.uscourts.nysd.524076/gov.uscourts.nysd.524076.154.0.pdf

NOOOOOOOOOOOOOOOOOOOOOOOPOPOPPPPOOOOOOOOOOOOOOOPPOOOOOOOOOOOOOOOOOOPPPPOOOOOOOOOOOOOOOOOOOPP

MY TETHER FUDDDDD

>>25781716
If I have 10 incriminating documents, the best thing to do is to bury it in 2,499,990 other documents and hope the authorities never see it.

>>25781672
Crypto jargon acronyms like FUD, ATH etc. are usually written in all caps, newfag.

>>25781723
>If you look closely, you can see he also capitalizes first letter of a sentence too, like some sort of reddit fag.
yerp.. onbiz we not gud spell punchuate

People are fleeing USDT like rats from a sinking ship. Look at the volume at the USDC trading pair in 2021 kek. No one believes this chink ponzi scam is real anymore.

2.5m pages of
>sirs, the needful is doing, the needfully, doing the sirs with the needful, running the windows with needfully, sirs
in font size 72

>>25781527
Sorry, forgot the link.

You guys can listen to it yourselves here and autist the fuck out of it.

https://www.whatbitcoindid.com/podcast/questions-for-tether

Bitfinex/Tether market manipulation with shitcoins 2020.

Is Tether the biggest ponzi ever?

>>25781875
Absolute based move

Ivanontech warning tech normies Tether is a scam ponzi. minute 4:00

https://www.youtube.com/watch?v=uYZpss5VgNM

>2.5m document pages
2.5m document pages? Does that include every single fucking trade made in crypto using Tether?

>>25781924
THEY DODGED SO MANY QUESTIONS it's hilarious. Even more hilarious when he spent the podcast giving non answers, then tweeted a "EVERYTHING IS FINE, SEE?" tweet.

Oh my fucking sides this is gold.

>>25781850
Good thing I don't use centralized tokens then. Bring on the crash, I've got time.

>>25781430
Simple the best, fuck the AG. It's like a paying a fine in all pennies
CLEAN IT UP JANJAN

>>25782013
The podcast host already stated up front that "he did his own research and Tether is so legit, and people are just salty and want to attack bitcoin", then throws softball questions and ignores the parts where the answers are shady af.

>>25781475
>>25781642
It will have a dump to shake out some hands and fill shorts. Then they will long snd make more money. This is the whale games, and they make profits of everything.

BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

>>25782010
If the documentation is well organized and the NYAG have the competent people to scan it through, it'll take them minutes to get the info they want.

>>25781645
>“asset mix” including btc
This is good. Ideally it should mostly be btc.

Posted without comment

Another anon posted about this yesterday and his response made sense.

Basically usdt probably does some conventional shady shit, but overall they’re probably okay. This is more about US-China politics. US is pissed China got into the crypto space before them and they’re creating shit to fuck with China. The case isn’t even about whether usdt is “fake”, it’s about some 800 million in some overseas bank.

>>25781672
Schizo retard

>>25782141
Tether backed by bitcoin, which is backed by tether. Biggest ponzi scheme in history.

>>25781430
"Why do you print so many Tethers at once?"
"We are afraid of using the super Tether private keys so many times so we minimize the number of times we use the special keys."

>>25782093
Do you have any idea how much institutional money is coming in on crypto? I mean these numbers make total sense, now it's not just a bunch of zoomers and millionaries on the game, now we have banks, hedge funds, billionaries. It's make total sense.

>>25782248
"How do you issue USDT over weekends?"
"Oh it turns out most of our customers are clients are ALSO banking at Deltec Bank!" <-- my sides! my sidesssssssssss

I went from tether to busd. You niggers better be correct about the crash

>>25782256
I posit to you, anon, that the number of banks, hedge funds, billionaires and pension funds using USDT to buy BTC and also have a bank account on Deltec is... zero.

>>25782325
The fuck is Deltec?

>>25782325
Deltec is a shady semi-bank that they revealed in the podcast they are banking with, and explained that they are able to print around the clock because their customers and USDT buyers are ALSO banking with Deltec!

>>25781492
Cope

>>25782204
When asked if Tether is backed 1:1, his answer was... "Tether is backed by an asset mix."

No mention of 1:1, no explanation of what assets are in the mix. Oh my god!

>>25781638
Can you name anyone else on any podcast ever that had their lawyer with them?

Take your time, tether shill.

>>25782325
I'm in Brazil and at least here there's a lot of funds starting to allocate some percentage of theirs assets in crypto, each of them are moving like $50mm USD, $100mm USD. Probably all around the world something similiar is happening too, it's all makes sense. And Tether would not be priting like 1bn in a single week being silly thinking nobody would notice if it would a scam or something like that they'd of course be more careful.

reminder that cokebro was right >>/biz/thread/S14745043#p14745831

>>25781492
That reminds me of that Wolf Of Wall Street scene where they had the FBI auditors sit in a freezing cold room with stacks of documents to manually sort through. They're definitely delaying, which is good for the bullrun not dying by the 15th, but still really bad for the longrun. If ETH hits $4000 I make it for life so I pray to God they just keep the carousel spinning until then

"Are you shareholders in Deltec?"
"We don't talk about our investment."
-ok... ok...

"Are Tethers fully backed?"
"Look. The short answer is yes. Our reserves include traditional currency, cash equivalents, and loans."

>>25781430
>>25781555
seems based.

>>25781492
what if the feds ask them to stop printing until they prove to be innocent?

>>25781642
Just like Mt.Gox on October 15th, or Mt.Gox on December 15th, wait...

"Is any of the backing in bitcoin?"
"We were very clear that some of it is in bitcoin. We don't comment on our asset makeup."

>>25781430
>2.5m pages
What a joke. No one is going to read all that.

>>25782790
"You can issue tethers to buy bitcoin."
"No, uh, we issue tethers to CUSTOMERS."
"Then how did bitcoin end up as your assets?"
"Uh. Paolo do you have any comments on that??"
-"These bitcoins are.. uh... a good amount of bitcoin from a past position... uh..."

oh my sides!! I should have done this before they did...

>>25782790
The prosecution has to lol

Nobody innocent will produce that much documents. They know its plainly there to delay the inevitable.

>>25782691
Well, that's what they should have asked even before January 15th.
But it looks like FBI have their share of a pie too.

>>25782851
"Even in the case someone would like to add btc to the basket why would we need tethers right if someone want btc they can just use dollars, why issue tethers to do so? Simple as" <-- the Tether CTO, everyone.

>>25782899
"in terms of audit, people don't trust your own lawyers performing an audit. is there anything stopping a proper audit?"
"we have consulting accounts from an accounting firm and a letter from our bank. and those were good faith efforts for transparency." <-- yes he is referring to that single page letter with a squiggly signature.

link to podcast?

>>25781430
You guys do realize every time Tether is minted its justified by a prior purchase correct?

For example, if Joe decided to buy $40k in bitcoin right now on Binance and then immediately after purchasing transfer to Tether - this amount of tether would need to be printed in order to support Joe’s transaction. Money that comes in doesn’t appear magically on the internet, there’s always something backing it.

Yep tether is 100% a scamming piece of shit. I believe the fudders now.

>>25782973
https://www.whatbitcoindid.com/podcast/questions-for-tether

>>25782946
LOOOOOOOOOOOOOOOOOOOOOOOOOOL
What in the seven hells is that wording?
>Yeah, we calculated the info provided by the client, but we haven't checked it, so we do not have any liability.

"Why don't you sue people who say you are lying?"
"We believe in countering fiction with truth." <--proceeds to issue 2.5million documents to the government.

tether fud is always hilarious

>>25781430
>2.5 million pages
This is like from Better Call Saul, they try to drench NYAG in paper work to delay the process from going forward.

>>25782993
But there is no proof of that. That's the problem. They could be printing it and using it to buy BTC for free, pumping the price and then selling for real USD.

>>25782993
Then why are they having so much trouble showing their assets? Also bitfinex and tether are owned by the same people, they could easily just send tether to bitfinex without having the cash equivalent and no one would know any better

>>25782946
>Dear Sirs
this letter makes me rofl every time

>Printed with the Tether printer, no doubt.

>>25782439
I mean... It was publicly stated back in 2018 that tether was not 1:1 at the time. It was more like 80% backed. They made it known that it was an asset mix. That was two years ago anon. You're late.

>>25782993
Then all they have to do is prove it lol

>2.5 million documents
This is a court filibuster to buy them time lol

>>25781430
It'll take them another year minimum just to sort through it. Bullrun conformed

this seems more shady than your averahge pajeet pnd shill on biz

>>25782946
>Dear Sirs

>>25781529
Have you seen how many pages the stimulus bill was lmao

"What will happen after the 15th?"
"Time will tell." <-- the interview gets funnier as you go along

>>25783121
Yeah and they’ve literally printed 4 billion in just the first 10 days of this year

>>25781475
TETHER $1000 EOY
SCREENCAP THIS

>>25783247
was it MORE or LESS than 2.5million pages?

>>25783083
"there is no proof"

dude shut the fuck up you're actually brainless

>>25781430
SEND IT PAOLO

>>25783315
Don't take my word for it, just go listen to the podcast dude.

2.5 million pages.. holy.. I still have the chance to get out of this shit, have a lot locked away with staking in several projects, but this shit gets more sketchy the more you hear

>>25783315
You consider this valid proof? >>25782946
Or they way the dodge every important question?

>>25783247
Exactly, because it was not "stimulus" bill it was "fuck US citizens and strip them off their freedoms" bill.
Whenever you have long ass documents, prepare that somewhere in the middle you will be fucked in the ass.

"Do you see any scenario where Tether might fail?"
Paulo: "Yes I am worried about this all the time, so I take care of the private keys very carefully."

oh my sides how did i make money from these fools are all humans just basically retarded??

Could the obvious delay tactic lead to the NYAG requesting an injunction to prevent Tether from continuing to issue new USDT?

>>25783416
At the end of the podcast they giggle that Tether is hosted on Tron. That's hilarious. This is some hilarious shit. Thanks Tether CTO Mister Paulo, and thanks to Tether Lawyer Mister Stuart, I am fully 100% amused by this podcast and can't wait for the pink wojaks to come.

I'm starting to think this guy's just a front.

>>25783390
1 page weighs about 5g.
2.5kk pages weigh about 12.5 tons.
Do you even realize that they want the court to read through A FUCKING TRUCK FULL OF PAPER?

What do I short on the 14th? Tether or BTC?

>>25783489
based tether making the negro AG's life miserable for trying to chase them down

>>25783416
the circle of life:
1. Idealists and nerds develop something great and want to change the world
2. Scammers see an opportunity in an unregulated space
3. Scam millions of people
4. Government regulates the shit

>>25783469
And even funnier, at the end the dude doing the podcast admitted he was in legal trouble and Tether lent him money to help him out. Oh my god. No conflict of interest here, no sir.

Tether FUD only sir nothing to see, just spread by salty people who don't like bitcoin just wanna hate it.

>people think humans are going to read those pages

>>25781882
>Crypto jargon acronyms like FUD, ATH
these are not crypto jargon, it comes frome finance

so lets assume tether is found out to be of zero value and bitcoon value drops by 80%

what happens then to altcoins?
or eth

>>25781430
the amount of documents provided goes in direct correlation with the likelihood of being acquitted

>>25783682
Same. The 24 Billion USDT fake liquidity will cause troubles for the whole crypto market.
People try to cash out into real fiat, when there is almost none. This cripple cryptos for years.

>>25783682
I don't think they are completely unbacked, but the cryptomarkets will probably enter hibernation for a long time until the next scam.

See: the long wait between willybot/mtgox collapsing and the arrival of USDT/Bitfinex.

But if I had to make a wild guess, the absolute floor for BTC is around $1000 after mtgox collapsed: with 2 halvings since then, we can estimate the actual absolute minimum value to be around $4000.

>>25783783
This actually makes sense because that's what the price collapsed to when the rona hit the market. So we're about 10x overvalued at the moment: not too bad, but not a position you really want to be in.

I guess we know why Links have been behaving so strangely. During these bull runs.

It's the only coin that isn't being fucked by Chinese funny tokens.

$1000 EOY demonstrably proven.

>>25783837
nice bird pepe

>>25781430
Justin Sun will fall first before tether. Just notice how a great part of printings goes to Tron network.

>>25782627
>"Look. The short answer is yes. Our reserves include traditional currency, cash equivalents, and loans."
usdt is a centralized dai backed by btc, it's beyond obvious now

>>25783922
A man of culture, I see.

>>25783416
did you actually make money, as in sell to dollars or usdc?

My conclusion after listening to the podcast twice:

Opening their mouths was a huge mistake. I would have disbelieved Tether FUD as nonsense, but hilariously you can tell at the end of the podcast that EVEN THEIR INTERVIEWER, a staunch Tether supporter, SOUNDED UNSURE ABOUT THEM at the end of it.

BTC price is going to tank tomorrow once this goes into the public. I am 100% certain now. They should have kept their big mouths shut. The fact that they are also worried about the 15th enough to do this shit is telling in itself, jesus f christ.

>2.5 million fucking pages
based as fuck, by the time they finish reading that shit BTC will be well over 100k, printer will work throughout 2021 non-stop

>>25784007
Yeah I am an idiotic bagholder but sold at $35k for a nice tidy profit. This has always been a side investment for me... house is all paid up and I am not exactly hurting for cash, but it's interesting to follow the space and see how markets work and how people think. Today's podcast was pure gold.

in the podcast they admit tether is "backed" by loans they have issued to others including the loan to Bitfinex
>take customers USD in exchange for USDT
>immediately loan the customers' USD to themselves (Tether Inc -> iFnex Inc) to cover a shortfall
they are completely fucked, this is exactly what the NYAG has a problem with. Even if they are squeaky clean on everything else (they aren't), this is going to take them down. That loan to iFinex is all that is backing customers' USD deposits on Bitfinex as the NYAG alleged. Simply put Bitfinex/Tether are not solvent

>>25782946
>Dear sirs
>Signature but there's not even a name


I've seen indians do better than this

>>25782946
>dear sirs
pajeet hands typed that

>>25781492
that's extremely based

do you guys understand that any exchange can create fake $ and buy btc with it?

https://strawpoll.com/6byzs99wj/

VOTE

>>25783837
>It's the only coin that isn't being fucked by Chinese funny tokens
If you look at the bitfinex erc wallet you'll notice they're holding a shitton of link. It's one of their favorite shitcoins to manipulate.

>>25784090
Once people realise that, they will stop accepting funnymoney and insist on real dollars. That's when the run will start, and that's what finex is trying to head off with this interview, but I feel it backfired spectacularly. Seriously! Go give it a listen!!

>>25784020
waht podcast?

>2.5 MILLION DOCUMENTS
Bury them in paperwork. How many paralegals does Schlomo Goldsthein have anyway?

>>25781493
The show itself is bias. The interview need to be done with someone who is a doubter, who asks critical questions to Paolo and his lawyer. Not this Peter McCormack bitcoin bull.

>>25784020
>you can tell at the end of the podcast that EVEN THEIR INTERVIEWER, a staunch Tether supporter, SOUNDED UNSURE ABOUT THEM at the end of it.
Not really, they were joking around at the very end.

>once this goes into the public
This was a public podcast.

Good, hope it crashes so I can buy more.
DCA on btc and don't care what the price is.

>>25784157
I thought that initially, but several points in the podcast you can literally feel McCormack pause and DOUBT THE ANSWERS, like "wait what?" oh god you can't make this shit up.

>>25784138
would be great. i hope there is a panic and people try to cash out usd while i'm comfy ready to buy back cheaper

lol everyone is dead sell now https://www.whatbitcoindid.com/podcast/questions-for-tether

>>25784179
If it crashes it ain't getting back up again for a good long while. I'm just wondering if I should get back in, and after listening to this, sorry sirs but the answer is "hell no!"

Will 100% relook this decision after Tether collapses and Saylor is forced to sell his bags, the real buying opportunity should arise then.

>>25781430
SELL SELL SELL

>>25784166
we're just a bunch of autists fucking around with small money. I'm talking about when the real whales wake up and listen to this shit.

>>25784247
we are on the verge of global fiat hyperinflation
institutions will double down and buy any dip
consider this one last buying opportunity

>>25784292
>I'm talking about when the real whales wake up
lol my dude

I'm fucking out, already made enough for a long time, I'd rather miss out on 5x gains than lose 50%

>>25784336
Yeah that's what I thought before listening to this.
Now I'm certain: Yes institutions are buying in, but not enough, and when prices tank again they will be the first to sell, and they will sell huge amounts. There isn't enough liquidity to absorb a 1000 btc market sell, and it will trigger the next institution to derisk and recoup their losses.

>>25783619
How does it work then? Do they scan them through to digitalise them and then let some AI program go over those to see if they matter?

>>25784391
I made around 3.5x I think? Not amazing, or TESLA level, but at best this shit will only go up another 2-3x at the best case, and I think taking profits before this implodes is the best thing to do. You are free to do what you like of course!!

>>25784247
>33 posts by this ID

>>25784166
There's a reason all the threads didn't have a link to the interview. I had to post that shit cause the disinfo thick and jealousy aplenty.

>>25784134
Oh yes, but instead of manipulating it up, they surpress every single fucking pump. And as soon as there is some REAL bullish news like WEF or BSN or Staking, they make LINK go -3% in an instant so to already create a false sentiment around that news.

Even McCormack is starting to doubt, you can't make this shit up

They shouldn't have opened their mouths

>>25784475
Yeah I'm the OP and I'm updating as I listen, excuse me if I got excited by how big a deal it is to listen to someone from Tether directly for the first time, and not through some tweet or press release.

>>25784292
>I'm talking about when the real whales wake up and listen to this shit.
are you retarded? they are well aware of the tether fud. it's already priced in

>>25784493
the more they talk the worse they look

>>25784392
But they must know this. And knowing it, why would you dump? If everyone holds, price holds.

This is all made up and based on faith.

>>25784138
only non retarded post this guy made, thats 35 out of 36 posts that are sub 80 IQ.
yes clearing out scam exchanges has and will pump the price as the space legitimizes
no the sheboon in charge of the case against tether/finex has no chance of catching them out legally because she's a stupid nigger (just like you probably)
that's just the way it is
now cope

tether is so fucked once the NYAG heems them. simply a matter of time. crypto capital already fell. one domino at a time

>>25784336
Institutions have been buying, but tether is fucking inflating the market big time. They printed something like 16 billion USDT over the course of last year and 4 billion USDT in just the first 10 days of this year.

>>25784210
I'm hella nervous right now

>>25784428
First of all, I'm talking out of my ass so take everything with a grain of salt.
I don't know if NYAG has a guideline for how the documentation should look like that they have to follow, but if they do, which institutions like this usually do, then they have some script to run through the whole document picking up the needed info. That's what I would do, that's what I've done before at my job, actually. Shit like this is trivial do program.

>>25783489
based jew tier tricks

>>25784523
yes definitely a lot of people use a questionable bank in the bahamas

>>25784584
kek

>>25784528
the nyag is useless of course, we all knew that. I went into the podcast with an open mind, I just wanted to know if I should put my money back into crypto. despite what people think, fundamentals DO matter eventually: sentiment can carry you far, but if the fundamentals are fucked it all comes tumbling down one day. And this podcast was eye opening.

>>25782946
>Dears sirs
holy fucking kek

>>25784593
the podcast is intended for retail plens

>>25784525
You don't understand. These men will take an educated look at the markets and decide to dump at a loss because they have weak hands. I doubt any of these companies owned a single stock during the corona crash. They probably market sold before we even saw it on the news! That's how these companies made their fortunes by putting their weak hands together. It's over for us.

>>25784582
you can fuck up script by doing scans of documents that slightly alter key words or whatever. like when you scan shitty documents the ai wont recognize the words

>>25784557
Tether is just doing what the Fed is doing.
Therefore, if tether is banned so should the fed be. If people choose to buy fiat crypto currencies that should be their investment choice.

Imagine thinking you'd get anything but careful and evasive answers about the topic of an ongoing lawsuit.

>>25784593
Also, I tracked the price of BTC as I listened to the podcast, and it appears to correlate to my sentiment (or at least that's my cognitive bias kicking in)
- A PODCAST BY PAOLO HIMSELF (oh finally, this is gonna be great)
- A TWEET ANNOUNCING EVERYTHING IS OK (well can't blame him for saying that, it's his job)
At this point BTC was $39,900 and rising as everyone awaited the nothingburger to be unveiled
As the podcast went on, my jaw dropped. Why would they even go on a public podcast and say this shit?!
$39,200 and falling now

>>25784153
You are mixing up the lawsuits, the 15 january lawsuit is from NYAG regarding bitfinex losing 850million $ and shady relationship between bitfinex and tether, the jews one is another lawsuit .

>>25781492
How does a crypto coin “print” anything? Isn’t tether just tied to usd price? What is tether? Am I gay?

>institutional investors are routing their funds through a bank in the bahamas

They are sketchy for sure.

Anyone remember when they accidentally printed 5 fucking billion dollars and BTC pumped like 10% then they burned it all? lmao

Anyone that doesnt believe me google "tether accidentally prints 5b" it happened last year

>>25784655
This is how the wall street funds operate though right? They can't be left bagholding something that is freefalling especially with a scandal like Tether.

>>25784713
it gets better. that bank? it's now owned by Bitfinex/Tether.

>>25784713
>every institutional investor banks with Deltec and decides to buy $400m each weekend

>>25784712
the price is pegged at 1 dollar, they print (create) and burn (delete) USDT (tether) from the total supply to match demand. demand is high right now so tether (and all other USD stablecoins) supply is increasing exponentially

>>25781430
Why do they need so many documents? Why not just a bank statement proving their reserves?

>>25781493
I think Tether is a scam, but anyone that doesn't lawyer up the second they get into some kind of legal issues and doesn't run everything they say through legal counsel is a goddamn idiot, irrespective of their innocence.
"If they weren't guilty, they wouldn't hire a lawyer" is peak 100 IQ thinking. It sounds smart, but only if your perception of the legal system comes from Law and Order reruns.

So should I sell?

>>25784797
I understand why they would want to lawyer up, but if I had as many legal problems as they did, I wouldn't have agreed to a podcast AT ALL, and even more so I would not bring my fucking lawyer along and have him answer 80% of the questions.

>>25784726
Kek

>Does Tether own any percentage of Deltec Bank?
>We don't talk about Tether's investments
WEW
E
W

>>25784792
A mystery for the ages, surely nobody can ever figure out that one out. Maybe auditors don't like crypto firms, despite being more than happy to audit Circle for USDC.

>>25784775
So why is it a problem with creating more tether if it has no effect on price, since it’s always 1$. Is it an indicator people have been cashing out of gains probably?

go on coinmarketcap and look at supply charts for any stablecoin, they all follow the same exponential curve shape in 2020/21 because the demand is high.
obviously BTC reserves on exchanges are dwindling quickly at the same time yet brainlets in here are saying to sell. it's pretty funny

>>25784877
Fake crypto value

>>25784860
As good as a yes, and now they can be taken down. Why would they ever agree to this podcast?? I cannot wrap my head around it. Jesus what a mess.

not a meme
choosing the high yield stock which will also 5x or so over the next 5-10 years is the tricky bit

>>25784792
all of these document dumps and posturing is to buy time legally. they know they are fucked. they are trying to delay and obfuscate.

>>25784886
BTC reserves off exchanges are an $8 transaction away from being transfered back en masse you absolute brainlet.

>>25781492
>Jan 15th will show its all a scam
>ah well they delayed it for years
Just buy you pathetic seethers.

>>25781493
>43 posts by this ID
....

>>25784908
I think PALANTIR will do the trick. Always invest in evil. See: Facebook, Amazon. I'm going to put some in next week, kek.

>>25784877
printing does effect price, it keeps the price around 1 dollar when demand increases. tether buys their own coin back at sub 1 dollar and sells it at above one dollar. the coin has a daily trading volume of 80 billion so this is obviously extremely profitable. but brainlets say tether doesnt have reserves. believe what you like though, this is about the tenth wave of tether fud i've seen and there's not much new to it except for some government geeks trying to shit in the cereal in new york

If you actually listen to the podcast, it's nothing like what's being portrayed itt.

For instance, they dispel the widely spread notion that Tether is only 75% backed.
That number referred to cash backing. The remaining percentage is backed by loans and receivables.

>We do not buy Bitcoin with Tether
>Only customers buy Bitcoin with Tether
>Our Bitcoin is from when we bought it in 2015/2016

>>25782439
>Oh my god!
>45 posts by this ID
This is cope beyond the usual levels. You sold BTC at 6k we get it. Stop fudding and buy back in.

>>25784949
uh huh

>>25785045
they refuse to answer any questions about reserves. all they say is we have reserves

What the fuck is happening

>>25785045
Having learned from his mistake, he backtracks on the 74% number and now gives... no numbers. It could be 1% cash and 99% loans for all we know.

>>25785047
>We buy bitcoin with dollars, not with tether
>There is no need for us to use tether

>>25784726
The best part is they then screwed up the first burning, so they had to burn a second time.

>>25781855
everyone prepare thy buttholes, it's gonna be a wild ride

>>25785064
Honestly I wanted it to be a nothingburger so I can buy more and sell the next top, but after listening to this podcast I am mildly annoyed at having to now trawl through more shit to find a better place to put my money.

>>25784668
dollar is backed by the force of the US military, what the fuck backs tether?

>>25782562
kek this is so based. Just like moldywort and the ministry of magic

>>25785146
I wanted to believe the sheer cunning and intelligence of the people behind finex, but Paulo sounds like an idiot and the lawyer sounds like a character straight out of Better Call Saul, kek.

>>25785082
>>25785089
They give very precise numbers on the loan to Bitfinex: 550 million out of 22 billion reserves.
The rest are things like loans, so it's pretty normal that they keep the specifics under wraps for client privacy reasons.

>>25784814
if you are a lot, definitel. If you haven't got that much to lose, and haven't gained much.. wait and see. These sharks runs can net windfalls for remoras who get the fuck off in time.

>>25781672
usdc > tether

>>25785146
>what the fuck backs tether?
74% cash and 26% other financial instruments. Also that isn't even the topic of the Jan 15th deadline you've been meme-ing about.

>>25785137
>Honestly I wanted it to be a nothingburger
No you arent, otherwise you wouldnt be starting threads every single day about a nothingburger fud. If you wanted a "better place" youd go with stocks but you havent. You think BTC is worth 4k because you sold at 6k and want to buy back in.

>>25785183
You're absolutely right, anon, I'm not here to argue with you, just sharing what I think of the podcast. You are free to make your own conclusions, no doubt they will be different from mine and I respect that.

>>25785146
Tether is backed by assets like some rare pokemon cards.

>>25784963
Based

>Have you ever considered suing for liable?
>No we are not litigious.

>>25785188
*if you are up a lot, get out now.
meant to say; sorry eyes glued to the mess right now. Might be jumping off soon myself.

>>25785208
>74% cash and 26% other financial instruments

lol sure, thats why they have to use a fucking bahamas bank

>>25785215
I told you, I sold at $35k and saw it crabbing for a few days, so came back in to see if there's more profit to be wrung out of it. But yeah let's go with "salty nocoiner cope" as an argument against something you can listen to with your own ears, kek.

>>25785230
Tether isn't the most transparent and they should improve, which they say they will; but you have to know that they've been investigated by the DOJ etc. plenty over the past years.

>>25785245
Yes anon, Tether using a Bahamas bank means Bitcoin is going to collapse.
Keep it coming, this is entertaining.

>>25785228
tether is backed by the BTC they used their worthless tokens to buy

>>25785183
tether has not given any "precise" information. how can you even claim that

Congratulations, the Tether fud has gotten to me. I've just converted all my BTC and ETH to fiat. Staying in XCM, KDA and PRQ for now.

Was going to hold off until Tuesday, if I even did exit, but couldn't justify the risk. Very interested to see how this week plays out.

>>25785242
Translation: we couldnt disprove any allegations with evidence even on our own terms

>>25784963
that image top fucking kek

>>25781430
Can I borrow tether and buy dollars at face value?

>>25785256
>I told you, I sold at $35k and saw it crabbing for a few days,
Doubt. If you believe tether at any minute soon will destroy all of crypto youd have left already and gone into stocks. So you dont really believe its all that bad. You are hoping it lowers the price so you can buy back in.

lmao tether fudders are such delusional fuckwits. they're the sort of people who read Zero Hedge and take any of it seriously. the type who believe gold is being "manipulated" and that if it weren't for that the price would be 10x higher. the type who believe Tesla is a fraud that will be exposed soon once the SEC invesigates and the stock will crash to zero. the type who believes Trump is the true winner of the election and he is currently working to drain the swamp so he can stay in office & that we should trust the plan.

tether fudders are the kind of people who see evil lurking in every shadow. they think everything is a conspiracy and they are the only ones enlightened enough to see it. they are the dumbest of the dumb. reading their fud only makes me more confident that Tether is totally above board

>>25785275
They were very specific about the 550 million loan to Bitfinex.
It's very normal that this is the only loan they can publicly be specific about.

>>25785283
infograph schizo does it again

>>25785283
Have you seen how the price is moving right now? I may be crazy but I think this podcast is gaining traction outside of our little biz circle.

>>25785309
shouldnt you be in an iota thread somewhere u parrot cunt

>>25781855
Wow big numera so scared, cold wallet what wow nice fud

>>25785330
hey post a screeny of your sell at 35k or whatever faglord. if you wont then that means you didnt do it right

>>25783507
set stops 2% to 5% under for your alts and short BTC? i dunoo, i thinking of taking some sort of position like that

>>25781965
Can someone tell me how this guy could see bitfinex's holdings?

>>25785283
everyone knows the illuminati in league with the crab people & the clintons are the ones behind tether. it's so obvious, just open your eyes and read between the lines!

>>25783507
hodl
and buy more after the crash

>>25785312
You realize they fucking own bitfinex?

>>25785505
That's why it makes sense it's the only loan they can be publicly specific about.

>>25784667
Before I continue, do we have access to said documents? I want to know at what they look like.
I'm new to this game, if it wasn't obvious before.

>https://vocaroo.com/12DX9vXl5dMq
HOLY FUCK SELL NOW, SELL ALL OF IT NOW. TETHER CONFIRMED SCAM FUCK

>>25785188
> always do the opposite of what /biz/ says.

>>25785330
Yep. I was heavily in ETH, really thought that the normie exposure over the last few days might cause a Moon mission... but decided that the potential Tether fud looked to be coming in early from the charts. I'm not saying I'm right, but it felt like the right decision for me. I think we'll know very soon.

>>25785146
>dollar is backed by the force of the US military
we're really scared mutt

>>25785589
court would have to make it public record i think. maybe a FOIA.

>tether (scamcoin)
>bitfinex (exchange for scamcoin)
>deltec (settlement bank)
so let me get this straight all three are owned by the same people? how the fuck is that legal?

>>25785745
Yea looks like that's today's takeaway. They should NOT have opened their mouth.

Another thing: those 2.5 million pages of documentation were filed since April 2019.
You're all acting like they suddenly dumped all these pages just now.

And it's because of these pages that the original injunction about Tether's reserves was narrowed over time.

they send a copy of all tether transactions that are already public on the blockchain lmao
https://blockchair.com/ethereum/erc-20/transactions?q=token_address(0xdac17f958d2ee523a2206206994597c13d831ec7)#

kek

https://twitter.com/RealWillyBot/status/1348322335422640130

I'm worried for my bros, get out before this shit crashes and burns. Think about it this way, assuming this tether shit is FUD, you can always fomo back in and you might lose some gains, but it won't kill you. If FUD is correct, you will lose like 80% and have to wait another 3 years to get back to this point

>>25785863
They said years ago tethers aren't backed exclusively by cash.
Inflows to Deltec don't really matter.

>>25783821
>>25783783
So let me get this straight, you think BTC is going to crash to 4000?

>>25785863
why did they even let the guy ask the question?? I don't get it, they should NOT have mentioned "Deltec Bank" at all.

>>25785920
I think that's the LOWEST it can go to, in the event of a sudden catastrophic crash. But I would be more than happy to be wrong, certainly nobody knows for sure.

>>25785692
Alright. If I had to guess, this document would be an XML, and it would have to obey to certain structure and the values should be in align with what's expected in the document, somehow. It would be sent to NYAG through a program that would first verify the integrity of the document before sending it. Only then NYAG would work on it. These institutions have little faceless geniuses in their back offices that work their souls off to come up with infallible solutions for this kind of stuff, all I described is very vanilla, they might have way more sophisticated ways of verifying large volumes of data.
Again take all of this with a grain of salt.

>>25783109
dropped solid KEK on this post

>>25781430
If they wanted to prove their legitimacy they only need 1 (one) page from their bank claiming they got the funds
The more time goes, the more I'm convinced Tether is a scam

>>25785863
KEK GET OUT GET OUT

Bros, check this out, follow the thread

https://twitter.com/RiskIndemnity/status/1348309741215358977

>>25781493
>RIDIT ID
Checks out.

OK, why BUSD and USDC are still trading with a discount against USDT on Kraken, Binance etc.?

>>25785863
>If FUD is correct, you will lose like 80% and have to wait another 3 years to get back to this point
good thing it's all a bunch of bullshit then

>>25781645
>an “asset mix” including btc. Bought with Tethers. Oh my god. Oh my god.
easiest scam of all time desu

>>25785309
to the point

>>25781725
look at their Wikipedia page you retard. why do you think no bank will process their payments for them? they had to use shady banks in the Cayman Islands and Puerto Rico and even those places kicked them to the curb for being an obvious scam.

>>25781780
not just printing fake money, but using that fake money to manipulate the markets. Tether and Bitfinex will get hugely fucked by the courts and the business owners will flee to Israel to avoid extradition.

>>25788745
Grayscale managed to rustle up some pension funds into their trust. I wonder how they're taking this news right now.

>>25788745
>not just printing fake money, but using that fake money to manipulate the markets.
so just like the dollar then? wake up brainlet. fucking newfags go away

Meanwhile at the federal reserve...

>>25785968
Based informed anon

>This market is obviously manipulated by people who won't stop buying.

>>25785349
He’s not a r*dditor, he’s right. You morons have been screeching about the tether fud for 3 years now and when the halving happens and it pumps you morons start screeching again

I mean I’m sure if you continue to screech about it maybe in a decade you’ll be right but we don’t care about that because every short would be liquidated

Go play Michael burry and short it if you’re such a genius

>>25783319
fuaaark

>>25785283
this. just conver your holdings now if you believe there is a realistic chance and hold until the 16th then if its nothing just buy back in max loss of a few % compared to possible loss of several dozen &.

>>25784523
Shiiiiit LOL, wow that’s atrocious

>kills your golden bull run
life really is about suffering..

>>25790321
Why?

>>25785533

>>25790310
you're ignoring capital gains taxes if you sell.

the tether fud is a nothingburger. People have been repeating the exact same fud for four fucking years, and yet tether fudders have no capacity for self-reflection so they keep doubling down on their wrong predictions.

tether fudders are like nocoiners on steroids, their brains full of holes.when you're wrong over and over and over again, that's a sign you need to reexamine your beliefs

>>25790451
They’re basically saying that all of the exchanges are using the same slimy bank (that bifinex owns based on him not answering that question about ownership in deltec)

>>25790451
because its a blatant, easily falsifiable lie put forward in broken english in a passive aggressive manner by the fucking ceo

>>25790567
Then fucking answer the question about what backs up tether? What is their collateral that gives USDT its value? And why won’t they straightforwardly answer this question

>>25790567
>t. Bought the top bagholder

>>25790567
What have they been wrong so far?

>>25781430
>2.5 million docs
How many pages is the tl;dr version?

>>25790642
its quite clearly a legal move to buy them time

>>25790642
Only one page required: Deltec only has $5bil in reserves. $3bil before they bought the bank. So, best case, only 10% backed by real USD.

>>25782946
an illiterate chaiwallah signed this didn't he. poor fall guy

>>25790577
>>25790588
But none of this was in any way new.

>>25790732
It’s ok, if it goes to shit we can find Mr Deltec Bank as his name is clearly stated there.

>>25782498
sorry but i haven't watched any podcasts ever
name another "ceo" type that owns something as large as tether that does fucking podcasts you retard

The BTC price is starting to tank lol

>>25790617
>I can't think of any explanation therefore it's a conspiracy

typical tether fudding retarded logic. I don't know what. Maybe they really do have assets equivalent to the amount of tether printed like they claim. ever think of that? maybe not everything is a conspiracy and not everyone is a liar, ever consider that possibility?

do you have any evidence that tether isn't backed? not infographics. not screenshots of court docs. not "really makes you think" coincidences. real evidence

>>25790628
how about making proclamations every day for the past 4 years that tether is a scam that's going to blow up and that the tethers aren't actually backed, using a bunch of infographics as their "proof"? 4 years later and it's still here. I'd say 4 years of being wrong is a pretty good sign you might need to reexamine your beliefs

>>25785309
massive sell signal :(

Yeah this is too much pressure for me
Sold my three BTC for something called USDT, I don't know what it is but the name makes me assume that it is related to the USD
This Tether scam better be no joke idiots

>>25790567
0% capital gains where i live thanks tho.

>>25785919
So they are backed by btc? With a volatility like this? They lost 1 bill just last 10 min, lol