/biz/ - Business & Finance

>>28960839
NO, ONLY THE FED SHOULD HAVE THE RIGHT TO CREATE MONEY OUT OF THIN AIR

>>28960839
based Tether pumping my bags

>>28961012
YAAAAS QUEEEEENNNN! CHYNA SHOULD HAVE UNLIMITED ABILITY TO PRINT USD TO PUMP AND DUMP BITCOIN

>>28960839
Do people honestly believe this shit anymore? Do they really think that someone just gave them a fucking Billion dollars?

>>28961206
t. poorfag

>>28960839
lmao tether schizos are addicted to their cope and know absolutely no shame

>>28961082
Unironically yes. Fuck the USA.

How come they go from 100m a day, to 300m to 500m now $1B? Where the fuck is all this cash coming from?

>>28961082
literally yes, jew

>>28961206
it doesnt have to be one entity. they also mint ahead of projected demand. so yes 1 billion is not that much anymore

Someone redpill me on teher wtf is it’s always at $1

>>28961605
>where is all this cash coming from
the money printer

tether printer go brrrrrr

>>28961709
Incredible

>>28961709

You guys don't understand. They NEED to print Tether if someone wants to enter the market. How else can they provide liquidity? If a hedge fund wants to Bitcoin, they contact Tether, wire them money, Tether prints USDT and they send it to an exchange or do an OTC deal.

Tether is backed 1:1 and this is proven in court.

>>28960839
Tether fud is starting again?

>>28961709
pic related is you

when is tether mooning, I have 103 tether. 10,000 EOY sirs?

>>28961082
Fuck the west
Moving to asia
Let the sjw and BLM idiots fight over the scraps and kill each other for rats to eat
-American

>>28961709
>Someone redpill me on teher

>>28960839
AND TETHER STILL DOESN’T MOON WTF???

>>28960839
These tether threads should be gassed, zero understanding of why its being printed. Some guy just traded USD for USDT to spend on BTC. Then it gets burned, morons.

>>28960839
Tether is going to make Madoff look like a joke.

>>28961206
It's across the dozens of exchanges that have both fiat deposits and tether, you absolute fucking dimwit.

When someone deposits fiat into an exchange, that exchange sends the fiat to Tether the company, and receive Tether the token in return so that their client can trade with it.

>>28962041
>More coins = moon
?

>>28961605
>Where the fuck is all this cash coming from?
Magic!

>>28961949
Do they go to court every day they print tether to confirm its real? Why are they getting audited atm?

>>28961442
t. chinkoid subhuman

>>28961082
you fucking burgers made your bed. you literally elected a Chinese puppet. Now deal with the consequences.

>>28961605
Maybe because the trading volume is growing exponentially, meaning more money is flowing into crypto? God fucking damn, some of you are beyond saving.

NOCOINERS KEEP SEETHING

>>28961012
AT LEAST WITH THE FED YOU CAN REDEEM YOUR STONKS FOR USD
I WANNA SEE YOU TRYO TO REDEEM YOUR USDT FOR USD LOL

>>28962211
How come it never goes down? Surely someone in the world has cashed out in the last 5 years

>>28961709
bait right?

>>28962211
MAYBE THE TRADING VOLUME IS GROWING EXPONENTIALLY BECAUSE THE PRINTS ARE GROWING EXPONENTIALLY? HAVE YOU EVER THOUGHT ABOUT THAT ONE?

>>28961012
yeah thats called like.. the law

>>28961709
/pol/cels really are worse than reddit

>>28962112
>When someone deposits fiat into an exchange, that exchange sends the fiat to Tether the company
Why would an exchange (a company) send their money to teather. What possible incentive is there to just give their money away?

>>28961709
Imagine you have 1MB of random data in a .txt file. You say that this 1 MB of data is equal to 1 US dollar. You then make 1 billion .txt files and sell them to people who believe that .txt file is equal to 1 US dollar. You make 1 billion dollars, they hold the .txt file. The .txt file has use because it can easily be used to buy other more valuable .txt files (Bitcoin). You can of course make as many .txt files as you want.

That is Tether.

>>28962480
there is none, he's dumb

>>28962472
The term "redpill" has made its way into almost common vocabulary by now.

>>28961709
You, sir, are a masterbaiter.

>>28962472
the term redpilling comes from a movie made by troons tbf

>>28961949
Complete retard spotted. Just wire the fucking money to an otc desk

>>28960839
Don't worry it's backed by real cash :^)

>>28962522
Why don't we make text files that are worth $2 and sell them for $1? People would stop buying tether because they get more for their money. We get free cash and they get $2 neetbux to use on exchanges

>>28960839
>NOooooo we should let countless businesses fail and cause mass unemployment so the mcdonalds burger doesn't cost 5 cents more.

printing money is normal retards, the governments know what they are doing

>>28962690
I work 6 days a week 60/70 hours I don’t have time to stir faggot

>>28962864
>some shady company in the bahamas
>"the government"

>>28962839
Because the .txt files only worth is that they are exchanged for exactly 1 dollar.

>>28961442
But I live there!

How does tether make money

>>28963155
>People gib money to buy BTC or whatever shitcoin
>Print Tether backed by ???????
>Profit!

>>28963155


>>28963155
Print tether
Sell for btc
Sell btc for usd
???????
Profit

>>28963155
by exchanging your useless paper """money""" to imaginary """money"""

>>28962937
Most of these people don't have a clue either friend, they just want to seem cool

>>28963230
So tether makes money because they own a shit load of btc and they are proposing uo it's value by printing?

>>28963359
*Propping up
How does tether acquire BTC when people are buying BTC on exchanges? Is tether owned by an exchange?

If they also burn tether, why is the market cap only increasing everyday, even during dumps?

>>28961012
they are the one who print it anyway haha

>>28963359
Yeah, its literally a scam. People who own bitcoin reeee about it (probably because they are directly invested of course). They just insult anyone who points out that this is line the fed, except our jewish task masters aren't going to prop up bitcoin long term. Going to be bleeding assholes eventually. Of course who knows how many years

>>28963508
money from outside anon

>>28960839
BNB isn't gonna pump by itself bro. or is it?

>>28962192
Implying that the election results were genuine.

>>28963456
Yeah they own bitfinex and close ties to binance

Every other stablecoins prints/burns on actual demand. Tether never ever burns, they just print, as if no one ever redeems usd for tether(right). This shit will hit the fan at some point

>>28963456
Yes. You should look into BTC's exposure to Tether.

>>28960839
this coin will be worthless in few years

>>28963671
That just means the USD will be worthless in a few years :^)

>>28961709
>invest in tether at 10000x leverage
>goes from 0.9998 to 1.0002
>mfw

>>28961709
whales supressing the price

>>28960839
Lod ze teter fud

>>28963633
mutts thump their chest all day long about muh guns
supposedly because it protects them from tyranny
yet everytime tyranny is in motion, they do nothing
ffs even the capitol "rioters" were dumbasses strolling around hands in pockets
previous anon was right. burgers made their bed. it's time for the chinese century, whether we like it or not

>>28962472
>politically celibate

>>28962192
>yours is a russian p-puppet
>n-no yours is a chink puppet
can you retards go back to your containment board already?

>>28963641
The demand for bitcoin has never gone down, and the volume you see on exchanges doesn't even take institutional buying into account because that's all done otc. Tether minting so many more coins lately is a direct result of the big increase in institutional buying that's happening right now.

>>28963851
Your a flaming faggot. I still love you though friend, I hope you repent

>>28963155
People give real dollars to tether to get some, then tether takes there’s real money and buys bitcoin with it while the purchaser gets tether and then trades it for bitcoin, it’s a money dupe glitch and it will crash the market

>>28963713
thats exactly what i meant ;}

>>28964077
Be careful, some bitcoiner is going to scream fud...over a coin... that's worth 50k. Retards

>>28963818
Mandatory dog soup when?

I swear, I'm refreshing the page, I IMMEDIATELY click buy or sell and the price changes and obviously I make the transaction using that price. It's very annoying and I feel like I'm getting scammed

>>28963818
I keep seeing people type with 0 punctuation and each sentence on a new line. Is this one of those weird idiosyncrasies that show up in non native English speakers? Like, you know, if their native language is Mandarin?

>>28964422
Hasn't it always been like that? I don't even know. Decent punctuation is just polite for others eyes

>>28963728
lmfao

>>28960839
Get fucked, Ethkike

Imagine still caring about tether fud

>>28964600
okchink

>>28964422
sometimes I'm just fucking lazy. seriously, it's not a big deal. grammar is a bigger red flag.

>>28960839
>put him to sleep
>print 1B tether, then POOMP IT

>>28960839
This will not end well

>>28963951
Sure, institutions will wire fiat to the bahamas first, get tether and then buy btc. Man people are retarded