/biz/ - Business & Finance

>>25788311
HAHAHAHAH
They revealed they own Deltec
Deltec's holdings are public record
They only have $5bil on hand
It's over sir.

They should've kept their mouths closed

>>25788311
if you think thats debunk you have some real thinking to do, its like those cop interview videos of murders who talk to the cops and dig themselves into a hole

>>25788311
if you haven't watched that video yet let me summarize for you -
>tether is totally backed, dude
>dont be a salty nocoiner

>>25788433
The NY AG has been getting docs about Tether's reserves for nearly two years, don't get too excited lol.

>>25788368
Unironically this kek.

>>25788311
It's over bro, top will be ~50k. Do whatever the fuck you want, but you've been warned

>>25788356
>Hey guys we're fully audited!
>Yes we own the audit company
>Of course we would never lie
Kek

based tether dudes finally creating a small dip so i can buy more

>>25788368
That lawyer is gonna be fired this week, 100%.
"You have the right to remain silent.. and you waived it."

>>25788311
whats wrong with nocoiners? Imagine attacking BTC because its supposedly propped up by unbacked tether.. Hey retard, we agree.. the dollar is the same scam, why do you think we're all in on crypto. stay poor

>>25788525
the question is how do we short when usdt leverage exchanges exit scam

>>25788596
Nobody's attacking BTC, these Tether fucks put their foot in their mouth and basically admitted they've been pumping the price using thin air. On a podcast. Meant to be a PR exercise. My god.

It’s a bunch of redditfags. Tether fud has been around for years. Anyone selling because of this is (1) new or (2) retarded

>>25788311
>>SIRS THE BANK HAS AUDITED US
>>YES SIRS WE OWN THE BANK

holy fucking shit you niggers

>>25788674
No they didn’t you idiot. I listened to the podcast.

>>25788674
>basically admitted they've been pumping the price using thin air
lmao no they didn't.

>My god
lol you're the OP from the other thread.

>>25781430
>>25781645
>>25782439
>>25783539
>oh my god

Stop trying so hard, fudfag.

>>25788622
Thats the 1 million $ question man, I've been trying to figure it out. Imagine the allegations are true, imo every CEX will just freeze their platform and no one will be able to withdraw or there will be a lot of "glitches" and "bugs"...really dont know what to do here or when to sell. I said it earlier imo the top is ~50k. If you're smart, take half profits and let half ride just in case the allegations are unfounded.

>>25788726
lol this is calvin ayre level of shit

>>25788751
Yes they did retarded moonboy. Enjoy the dump. Muh "organic bull run to 100k". Nothing about that super-fast pump to 40k was organic, itwasn't supposed to happen sofast. And there is nothing that can stop what's coming. BTC won't crash completely, but it will almost certainly retrace to something like 20-25k. Alts will bleed to death.

>>25788674
Can you tell me your exact portfolio please?

>>25788916
100% LINK

>24 billion USDT in circulation
>backed by 5 billion "basket of assets" which includes an undisclosed amount of BTC
its really over, isnt it

>>25788854
When did they say they were pumping the price? Provide a timestamp in the podcast or shut the fuck up

>>25789067
But seriously what would happen?

People will sell USDT for other cryptos which will pump the price temporarily and then exit the markets?

That means that in the worst case scenario we should see a huge pump first. A 20 billion dollar pump

>>25789213
>People will sell USDT for other cryptos which will pump the price temporarily and then exit the markets?

Whose gonna buy the USDT they sell anon?

This will be the test of people actually caring about btc or backing out as soon as they don't feel secure in their ability to cash it out for day to day currency.

>>25788525


I seriously hope fucking faggots like you DIE. How much crypto do you even own? Fucking fag no coiner. Rot. LOSER.

WHEN IS SNOPES GOING TO INVESTIGATE TETHER FUD

>>25788311
The way he avoids to answer questions by simply pretending to misunderstand the question or by giving an answer which is completely unrelated to the question is honestly so suspicious.

>>25789067
Isn´t it even less? You can´t expect all of Deltecs holdings to be a reserve for Tether. They have business with other customers?

>>25788311
anon, it got a bit awkardly silent after you said that this "debunked" anything.

>>25789310
that's a good point

>>25789213
who the fuck would take usdt? and who the fuck would sell their btc on a btc / usdt exchange. Rugpull2

tether fudders are the most retarded pieces of shit alive.
It's obvious that they're all salty nocoiners just from the fact that they want BTC to go to zero.

Even if Tether is a fraud, there are tons of reliable stablecoins out there nowadays, the market will recover in no time.

>>25789310
dont worry anon they audited tether its all legit lol

WHY DIDNT THEY KEEP THEIR STUPID MOUTHS SHUT!!!!

>>25788525
sir? i'm honestly shaking a little rn
is this real biz? what is this deltec fud? im scared anons i own a lot of bitcoins and i'm actually a bear but fomo'd (i own a lot)

Tether fudders are braindead nocoiners ahahaha.
Stay fucking poor living in a box in california faggot.

>>25789465
I sold and will re-enter when it all settles.

>>25789389
22 bill tether
6 bill other stables
You do the math you idiot

>>25789389
yes, simply convert usdt into one of these reliable stablecoins. Lol

>>25789389
no one wants BTC to go to zero. But its obvious the price is being pumped and manipulated. the wall street vultures and con men have come to play. they need to be held accountable

>>25789634
kys you pathetic piece of shit, 2017 the total market cap was about the same and there was about 3 billion tether total.

show portfolio

>>25789677
>wall street vultures
they are fucking chinks what are you smoking

>>25788311
BACK TO OUR SCHEDULED MOVE TO 80K

>>25788433
But also:
>AG looked into their reserves in April 2019 and there's been full cooperation recently after reaching a compromise
The actual shady subtext is:
>yes Tether is only issued to customers but the biggest customers are their close friends who have insider access to their bank
>they probably know some of their customers are doing shady things like perhaps laundering money or simply things incompatible with Chinese law but not American laws which can still create issues for American regulators.

>>25789889
they're the only way chinks can gain usd exposure and buy btc. Therefore a lot of the "tether being printed out of thin air" is a meme. It's chink money they're washing. The backing is not the issue. The issue is that tether will be prohibited sooner or later, once by US as they won't watch a bahamas located private company play international usd reserve bank and on the other hand by the chinese government, because they'll block the way for citizens to escape state planned yuan inflation. Short term bullish for btc of course, long term, and i mean some months ahead extremely bearish, the buying pressure will evaporate.

>>25789771
>show portfolio
>crickets
topkek, look at these roaches. imagine being that guy

>>25789241
>>25789375

Shit you're right. My bad

>>25789254
Greed is a sin. Repent or suffer.

>>25790550
>the only way
No. A popular way. If they can't buy I'll go to China personally to do the arbitrage. I won't need to. They already have a large portion of the miners so they can just buy direct from the supply anyway. You can't stop BTC.

>>25789241
USDT price of bitcoin would skyrocket. Goes well over 200k

But! FIAT or TUSD or Dia pairs would hold 40k BTC.

Also pairs of TUSD to USDT won't hold 1:1

You'll need to give me 6 USDT tether for my one TrueUSD because your tether is worthless and only backed 6 to 1.

anons...

https://youtu.be/b_Uq5QCHcU0?t=1433

>>25790748
what the fuck did you just write you absolute schizo

>OCC says yes banks can use public blockchain and stablecoins
>BTC , ETH rise on rumors and news
>Jan 15th Tether gets crushed
>BTC and ALTs crash
>institutional $ grabs BTC at 40% off

Kikes win... again.

>>25789375
In a scenario where the company stops redeeming usdt just goes to 1 cent or something not zero. If you're holding a centralized shitcoin that's your issue just like with any other shitcoin. The real demand for BTC doesn't change.

When mt gox was fucked you could buy contracts for locked coins for a fraction of the full price even though nobody saw any of those coins at least for many years.

when Tether is gonna stop minting USDT, this shit is going to become the most scarce and most used coin ever. I'm going to go all in on Usdties, see you when its price reach 4$ niggers

>>25790891
This is obviously the plan. They’re trying to make normies think it’s a pnd scam again like 2017

>>25790748
wait.. you're on /biz/ and you dont know what fractional banking is? holy fuck the absolute state of you nocoiner tether fudders

>>25790757
>>25790457

>>25789389
Bitcoin is fine. Tether needs to die. You just don't get it yet.

>>25790910
of course it changes. Btc is traded in the usdt / btc pair (more than 60%). All exchanges adjust their market makers to that pair, not to usd, the price tag you have at the moment is indeed the usdt price. If tether falls this will send some shockwaves through the system. Volume collapses, chink money buying pressure is down. nothing too bullish for btc. On the long term, it won't have that big implications because it will simply replaced, but it's now the official price tag.

>>25791183
>On the long term, it won't have that big implications
The more of the players know that the more your opportunities to exploit the chaos are buffered out. Only a few poorfags believe tether pumping is holding the price up.

>>25790974
Holy shit, you’re on /biz/ and think the price in FIAT of a coin matters?

>>25791669
lel, the "value" of BTC is expressed in fiat you dope.

>>25791606
no one knows. There are indeed hints that they're manipulating too, but it would be hard to prove. The facts however are clear, no 1:1 backing and mostly "illegal" money from chinks causing the tether printing. This shit needs to be destroyed and go down so that btc can finally evolve. It's a catharsis and yes, it's possible you succeed with just hodling through too. I for myself sold 1/3 of my stack and will buy back in when things have cleared up.

>>25791785
Nothing is getting cleared up on the 15th.

>>25788433
Kek that image is unironically correct about the entire monetary system of today. We are living in misery because if a system set in place by make belief fairy tales about value coming from nothing

>>25788674
>pumping the price
bit sir, 1 bitcoin still equals 1 bitcoin. Am i wrong?

>>25791861
i didn't say that. it probably takes months. 15th is just the deadline for the document submission. They'll have to go through it. It's take months to a year until this gets a legit RICO case with a judgement. But the dump starts when the implications are there.

>>25788854
Wrong. Alts that stagnated will be fine. Any coin that had tether inflow was artificially inflated.

>>25791669
what are you even talking about? is that a legitimate question? theres usually a point to asking rhetorical questions, but you seem to have forgotten that part. wanna try again, champ?

2.5 MILLION pages of etherscan transactions where as a 1 page executive summary and 50 page audit report would have put everything to rest.

>>25788311
this has been rebunked already

>>25792079
These are 2.5 million pages submitted since April 2019 you derp.