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/biz/ - Business & Finance

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25543080 No.25543080 [Reply] [Original]

why do whales do not care about the tether fud?
Michael Saylor as an example

>> No.25543163

>>25543080
because they have a brain unlike biz

>> No.25543179

>>25543080
THey have quants. They know it's baseless fud

>> No.25543191

tether crisis scenario 1:
poompa

>> No.25543198

>>25543080
>Michael Saylor
Maybe because he himself is a dirty scammer?
https://www.nytimes.com/2000/12/15/business/microstrategy-chairman-accused-of-fraud-by-sec.html

But he buys our bags so he must be the reincarnation of Jesus!!! HAIL SAYLOR

>> No.25543207

>>25543080
quants are literally predicting 400k BTC, it's inevitable

>> No.25543211

It's bullish. The first virtual bank run will be the last. 500k plus. Screenshot this.

>> No.25543238

There's only 22 billion tethers anyway, people couldn't cash out the BTC marketcap if they wanted too.

>> No.25543242

>>25543080
whales dont use tether and they can just short the market when it crashes
it's literally a scam to milk brainlets and poorfags

>> No.25544063

>>25543242
>whales dont use tether
kek

>> No.25544117

>>25543179
he literally fomo'd in after watching a few pomp vids and then convinced his company to buy to support his position. if he didn't cash out his personal portion he's going to be dumped on. it's a btc rite of passage

>> No.25544461

>>25543198
>https://www.nytimes.com/2000/12/15/business/microstrategy-chairman-accused-of-fraud-by-sec.html
>nyt hit piece
yeah, nah

>> No.25544511

>>25543080
how desperate are you faggot. Tether FUD thread with a bitcoin picture? kek. try to be less obvious and desperate when fudding

>> No.25544539

>>25543080
>tether crashes
>everyone dumps their tether in to BTC and ETH

Shucks, thats just awful.

>> No.25544567
File: 66 KB, 588x822, 203E9068-AB7A-460A-83C6-E0B9D26473C3.jpg [View same] [iqdb] [saucenao] [google]
25544567

>>25543238
>thinks tether is just for BTC
>thinks you can cash out the market cap of ANY ASSET

>> No.25544569

>>25543080
because tether fud is actually about fungability and white spaces. saylor will always been within the white space and tether collapsing will only pump btc to the moon.

>> No.25544631

>>25543080
There are many possibilities. This is one:
>Be Michael Saylor
>Invest privately in Bitcoin
>want to cash out
>there is no buyer what to do?
>uses his ”own” company MicroStrategy to buy his privately owned Bitcoins
>now he gets away with lots of his companies money without having to share with other shareholders
>shares even increases as low IQ retail investors invest in balance sheets instead of underlying business fundamentals

He is basically pillaging MicroStrategy.

>> No.25544660

>>25544567
Buy outs happen all the time, and those aren’t based on market cap, but premiums on market cap.

>> No.25544674

>>25543080
because they can see tether market cap as a joke

>> No.25544686

Thanks to the redditor invasion, this board now looks like a rollback to 2017.

>> No.25544706

>>25544631
could be but then he would be smarter than i gave him credit for

>> No.25544730

>>25544569
>>25544539
how is btc gonna pump if people will think that it was all a fake pump and sell everything for real USD

>> No.25544748

>>25544730
im not even going to waste my time. dyor its simple.

>> No.25544757

>>25544730
the best way to exit tether is to dump it for btc which requires no backing whatsoever.

>> No.25544771

>>25544631
>this
we got him folks...jesus the fucking smoothbrains on this board. is it summer already?

>> No.25544794
File: 3.23 MB, 445x247, When joggers burn down their own communities.gif [View same] [iqdb] [saucenao] [google]
25544794

I can't believe tether fud is back, this really is a bullrun.

Worrying about Tether fud is like worrying about hyper inflation happening and not buying tech stocks as a result.

>> No.25544804

>>25544730
We have been buying groceries with fake money for 100 years. Are you fucking obvious?

>> No.25544858
File: 417 KB, 1242x1635, 952B82A0-1833-47AF-B88C-4D134E3DD413.jpg [View same] [iqdb] [saucenao] [google]
25544858

This is about to be the most bitter pill you're ever going to swallow in your life. If you came here from the site in pic related, you are genetically pre-disposed to be a cucked normie for life. You are literally retarded. Don't think we haven't noticed you asking stupid questions, trying to use our lingo, and pretending to be one of us. Why are you doing it? I can't say for sure, but you probably heard somewhere on your faggity site that this place is good for finding investing advice and crypto moonshots. You couldn't be more mistaken. The truth is, this place is filled with scammers, niggers, street shitting pajeets, and autists.

The reason why the people that naturally gravitate to 4chan succeed is because we are unironically autistic and see the world in a completely different frame than you. You come here and no matter how hard you try to fit in, you stick out like a sore thumb because your future is already written on the wall. You will be a slave to your government, corporations, and bosses for the rest of your pathetic existence. You will live under a guise of happiness, but ultimately die having done nothing even remotely significant in your life.

You will hang around here for a couple weeks, probably lose money gambling on shitcoins, and then run back to the comfort of your faggy home, where you will warn other plebbitors to avoid this place: how we are all retarded, gamblers, racist, and misogynistic. You will collect your upvotes for the warning, and then jerk off to the thought of feeling important, not having realized you failed the most basic of internet shittests.

You will read this post, flame me for the direct confrontation of challenging your intelligence. The reality is you aren't, and never will capable of coming up with an original thought in your pathetic existence. Any words you speak are the equivalent of a sheep going
>bah bah bah

>> No.25544893

>>25544858
faggot whats the point of btc fud on /biz/ if its full of poorfags that wont even move the price

>> No.25544895

>>25543080
>why do whales do not care about the tether fud?
Because the FUD is not meant for smart money. It's meant to shake out weak normies

>> No.25544947

>>25544893
Because we know you faggitors like to come here to try to make money and we enjoying making you lose money

>> No.25544991

>>25543198
>Ny times
>Sec

Tbe citadel has cast him out!

You are an npc

>> No.25545079

>>25544757
Are you aware that for someone to jump from tether to btc, there has to be people that ask for theter, if theter goes to 0 you literally can't use them anymore retard

>> No.25545095
File: 330 KB, 750x450, the tether pump.png [View same] [iqdb] [saucenao] [google]
25545095

These Tether shills are getting desperate.
If you were confident that the FUD is not justified, then you'd be quietly accumulating BTC before the 15th, after which the price would shoot up.

But the truth is that you know that Tether is a scam that will collapse the crypto market.
You need to maintain the current prices and liquidity so that you can offload your bags before the SEC cracks down on Tether.

>> No.25545125

>>25545095
This is so fucking retarded.

>> No.25545161
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25545161

>>25544794
I can't really grasp, why people being worried about hyperinflation, tell me to buy metals, crypto, and dividend-paying stocks. Crypto - I get it, metals - I get it. But how will Coca-Cola save your purchasing power in an inflationary environment? I would rather buy ever-growing stocks. What am I missing?

>> No.25545164

I want tether fud to be true. That piece of shit needs to go. I also want cheapies.

>> No.25545180

>>25545079
>if theter goes to 0
In what realistic scenario would this ever happen. Worst case scenario it loses parity with the dollar.

>> No.25545185

>>25545079
it's a race tether won't go to $0 immediately. it will happen in a few hours. there are always people that bet against the stampede.

think about it. let's say the sec declares tether an illegal security. and all us exchanges must delist it within a few months...

okay, so tether is worth $0 now? of course not. because the us is only like what 3% of the global population?

many many people will just fucking buy btc and withdraw when the news hits. and many will try to cash out tether for usd too. but that won't necessarily do shit to tethers price. some moron will scoop tons tether up at 0.9 speculating that he will get a full dollar from tether inc.

you are just desperately trying to come up with scenarios that justify you being a rekt nocoiner.

>> No.25545236

>>25545180
but that opens up arbitrage opportunity until news hits about tether not letting you cash out or something.

>> No.25545237

>>25545161
We are never getting hyperinflation. Coca cola type stocks would be a decent buy in regular vanilla inflation. Commodities are better. Metals and food commodities too. The closer to ground the better.

>> No.25545247

>>25545180
what happens if tether is banned from printing more?

>> No.25545266

>>25545237
>We are never getting hyperinflation.
ahhhahaha that's a good one

>> No.25545270

>>25545185
Lol no. It will go to 0.

>> No.25545276

>>25545237
Why not growth stocks? Your returns must outpace inflation

>> No.25545298

>>25545266
We arent you fag. They will raise rates and crush the economy if they have to.

>> No.25545306
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25545306

>>25545125

>> No.25545337

>>25545276
I think the argument for more blue chip established companies is a stablility in a hypoetical unstable environment. Also they should "grow" in terms of dollar value.

>> No.25545338

>>25544631
Why does every nocoiner inherently believe that there must be some grand conspiracy behind Bitcoin demand?

>> No.25545359

>>25543080
Because it's fud retard , if tether was actually not liquid people would have not been able to cash anything since 2016.
The only reason tether has so much volume is because people don't want to deal with exchanges or banks between trades due to regulations or freezing of assets.

>> No.25545373
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25545373

>>25544858
This.

>> No.25545383

>>25545298
that's not how it all works you brainlet.
you can't tweak the money supply out of hyperinflation when it finally comes. especially not upwards.

>> No.25545422

>>25545095
>If you were confident that the FUD is not justified, then you'd be quietly accumulating BTC before the 15th, after which the price would shoot up

But that's exactly what I'm doing lmao. It's going to be so hilarious when nocoiners will finally be priced out forever. 20k-30k is the price range normie FOMO could still create a crash 50k+ it's when normies will feel like they missed the train forever. After that Bitcoin will just be an asset like real estate where money constantly flows in to protect against inflation.

>> No.25545492

>>25544858
capped for value and will repost in the future.

>> No.25545573

>>25544631
nigger its simple
the tether fud, real or not, still doesnt invalidate btc
there may be a crash, theyll buy it, how bad could it be, cant be worse than the executive order 6102

>> No.25545945
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25545945

>>25544858
Unironically, there's some great filter going on here on /biz/. Truly seasoned autists will be able to gain insane knowledge here and game the system, while cuckold normies will come here and lose 50% of their profolio and claim everything here to be a scam. Just by being completely autistic and being able to catch patterns and find the diamonds through piles of shit, I was able to see that everytime ETH's gas fees went high, Loopring pumps like a crazy nigger. I just turned 3 BTC into 8 BTC in the past 30 hours by swing trading with a few clicks and being able to rely on my insanely autistic skill of not being emotional while trading. This isn't the first time I've made ridiculous trades like this. I also caught the GRT pump, nucypher pump, and the uniswap pump, thanks to /biz/. I literally just crossed 30 bitcoin today thanks to browsing this basket weaving forum.

I thank you niggers sincerely.

>> No.25545969

>>25545945
Is loopring done?

>> No.25546033

>>25545945
>6 fig folio
Filtered and saged

>> No.25546035

>>25545969
Using my autistic mind, I literally caught two mini patterns forming on the 15m chart, it played it twice. You can clearly see a parabola being tested right now. If it holds, we're due for 1 more pump. I might jump back in with 1 BTC.

>> No.25546066

>>25546033
Sorry you're poor, but some people here are really good at trading. I'm not sorry really. I browse here when I'm not working from home in my comfy SWE job.

>>25545969
parabola is close to breaking, if it does, get the fuck out. It's too risky after that.

>> No.25546132

>>25545422
You must negated the whole "quite accumulating" thing.
Nice try shill.

>> No.25546150

>>25545185
By one side i think that tether will not go to zero but will simply lose parity basing on actual funds to cover usdt with usd. Let's say that there's 10bln of tether and that they can cover only with 1bln usd: tether value will be corrected to 0.1 USD. What will happen to btc? Really, I don't know, probably there will be a roller coaster, imo btc price will go really down, 40/50%, because a lot of people will discover that they lose 90% of their USDT portfolio
On the other side, if for some reason tether goes to 0 (even progressively) how can people try to sell them for btc? No one would sell their btc for a 0-value money... In general, even now I would never buy USDT for any reason in the world

>> No.25546180

>>25544858
Keyed

>> No.25546193
File: 86 KB, 552x524, 1606176508214.png [View same] [iqdb] [saucenao] [google]
25546193

>>25544858
based /biz/nessman

>> No.25546240

Because we've already taken it into account with our decisions. Actually, we've factored it in years ago.

The results of problems with tether is very predictable. It's not complicated for me.

>> No.25546341

>>25543080
Who gives a fuck about USD?

>> No.25546467

>NOOO I DON'T TRUST THE BANKS
>trusts a random shit company (bitfinex, which is literally an unregulated bank ready to explode) with your money

the power of bitcoin

>> No.25546471

>>25543080
They do and they are cashing out step by step.
They know the game. They know it's long-term Ponzi.

>> No.25546489

>>25546467
>all bitcoins are on bitfinex

Go back.

>> No.25546506

>>25546489
the whole market is dependent on USDT, i'm not talking about bitcoins

>> No.25546569

>>25546467
literally the reason why my idea of trading is basically "buy btc and hold them in a fucking airgapped local btc wallet for some years"

>> No.25546618

>>25546569
sounds like the best plan

>> No.25546687

>>25546506
true that they are somehow connected because usdt is massively adopted to trade cryptos, but thinking on a purely logic way tether death would just (temporary) limit the *trading* of btc, the capability to buy and sell it, not its actual value. Of course it will somehow affect it, and many people will lose a lot of money, byt then eventually a new way will be massively adopted to trade crypto and things will come back normal

>> No.25546754

>>25546569
Did you wait for the wallet sync?
t. OCD explorer notruster

>> No.25546777

>>25546687
Honestly it would be better if they fuck off. Painfull in the short run, but better in the long run

>> No.25546804

>>25545270
doubtful so long there is a dude out there that believe he will get a full dollar for a fraction he will buy tether. and seeing the utter dogshit people buy like xrp this is not gonna be some hesitant weak buying.

>> No.25546828

>>25543080
Because they're not in it for realizing gains from appreciation of the price, they're just building up huge capital positions to be able to manipulate the fuck out of the price and leech money from retail investors that sell every dip and buy every ATH

>> No.25546831

>>25546150
>lose parity basing on actual funds to cover usdt with usd
frankly if tether is partially backed by btc and not usd that would make it stronger than the usd. so parity should slip above 1.

>> No.25546872

>>25546150
>No one would sell their btc for a 0-value money...
but people are doing that right now as we speak...
man usd is worthless. tether is just slightly more worthless than usd altho this could actually be not the case if it's partially and honestly backed by other assets not usd.

>> No.25546893

>>25546754
i was exagerating the concept, i occasionaly buyed some btc from some guy, giving him actual cash by hand, and sometimes i check the wallet

>> No.25546970

>>25546893
i use mycelium to keep read-only track of my bip38 encrypted paper wallets. mycelium can also import them if you need to.

>> No.25547002

>>25546970
it's just a fucking ad infested bloatware now for some reason. but you can turn a lot of intrusive shit off.

>> No.25547141

>>25546831
This is possible, of course, but I'm not sure that the public accusers will accept btc as value to back usdt. It's possible that they will impose to have usd and then they will need to sell a lot of btc in usd to fill the hole. But maybe it's not a great deal and at the end btc will just lose a little part of the value at the start due to massive sell and then come back to normal

>>25546872
yes of course it's happening, probably many investors don't know about the problem, or understimate it, or they have decided to keep trading it till X day risking a bit. Or maybe they know something more that what i know? Well I'm not an expert in trading, but in general the idea of buying USDT now is a big nope for me

>> No.25547209

>>25543080
Because Michael Saylor and Grayscale can survive any liquidity event
Normies will definitely panic when it crashes 50% in hours. Whales will just buy more
My advice: free up cash and be prepared to load up your stacks.

>> No.25547212

>>25543080
Tether shills are retarded no-coiner boomers who think that tether matters at all to Bitcoins price. They have no proof, this shits been destroyed in court. Its all backed up by dollars, they are not pumping Bitcoin with them. People need tether, they switch into tether before buying Bitcoin, they switch into it when they lower their risk or take profit. Oh no, someone took profit by switching into tether causing them to print a bunch of it, HUUR DURR DEY BE PUMPIN DA COIN

>> No.25547241

>>25547141
yeah we don't know shit but here is what i know.
if you have usd or usdt or btc on an exchange it's the same shit. it's just credit. a digital representation not real.

so even tho i swore i would never touch tether because it's bullshit i actually trade btc against usdt on phemex.

if there was some news about tether being in trouble i would pretty much sell all my usdt immediately before the stampede starts. even tho i don't think it will go to 0 it's still the best thing to do. and i think many others would do the same. thinking about how tether affected btc price action up to this point is meaningless in that moment.

>> No.25547245

>>25547212
Last i checked it was backed by 0.74 dollar

>> No.25547294

>>25547245
Printing and burning is how 1$ is maintained. If they did nothing, itd change value. Its a stable coin, they change amounts to correct the price.

>> No.25547317

>>25547294
but it's only 0.74$ not 1$

>> No.25547342

>>25547294
>>25547317
source :
https://www.bloomberg.com/news/articles/2019-04-30/tether-says-stablecoin-is-only-backed-74-by-cash-securities

>> No.25547360

>Guys this is the exact date (X) will happen, trust me, you need to (sell/buy) now!
This is how you know the fud is going to fail. You aren't smarter than the market.

>> No.25547393

>>25547360
It's not FUD it's a legit discussion, i hate USDT but if they fail i lose a lot of money. So deciding what to do here

>> No.25547417

>>25547294
no that's not it.
you can actually exchange usd to usdt and there is an arbitrage opportunity if the price slips away too much in any direction. traders and bots do this arbitrage this maintains the price.

if tether would stop giving you usd for usdt when you asked for it then all hell would break loose. people would exit wherever they can, and since the usd route is cut off it would be crypto mainly btc. but why would anyone want to do that now? that's the question. sec turning on tether could give it a big slap in the face and start a bank run. but that's unlikely at this point.

>> No.25547435

>>25547393
the lawsuit isnt even about the reserves. something might happen with the SEC and Tether one day, but the 15th has absolutely nothing to do with auditing Tether's reserves. read the lawsuit.

>> No.25547486

>>25547212
based

>> No.25547501

>>25547435
It's just another red flag mate

>> No.25547524

>>25544858
based. plus if Tether collapses it would what, make bitcoin do a -15%? kek who gives a shit

>> No.25547542

>>25547317
actually that's from 2019 and they were fined for this it's called co-mingling funds because it was not backed a 100% by usd but other assets mainly crypto in 26%. but that doesn't technically mean tether is not fully backed in itself. where have you been living the past years?

btw i personally think any form of "backing" is retarded. it's just plain bollocks and begs for betrayal. tether is stupid the gold standard was stupid any idea of backed cryptocurrency is stupid.

>> No.25547555

>>25547501
it might be another red flag, or it might be a nothingburger. wait for the 15th. but don't expect this to be the end of tether or sell your stack expecting a dump. the emotional ones will get burned.

>> No.25547584

>>25547542
You're an absolute moron

>> No.25547640

>>25545338
Probably the same reason every maxipad thinks criticism of bitcoin only comes from nocoiners

>> No.25547643

>>25547241
yes they are digital representations, but take in mind that their actual value, or better saying the fact that they have a value, no matter "fixed rates", is that there's trust on them. USD is trusted basically because it's backed by the most well-armed, rich and powerful government in the world. BTC is trusted because its algorithm is safe and when you send money through it you are sure that the money will arrive to the receiver (well malwares apart of course, but they are just dangerous layers *over* a safe technology), and because it's trusted by people that in any way they can exchange it any sort of commodity or in general stuff with an actual value. I trust BTC in general because I know people that *use* it to transfer money (i.e. foreign food sellers that buy it to transfer money home, not talking about any kind of black/grey market), and it's somehow the "Whatsapp" of cryptos: maybe Telegram is better? Maybe Signal? But Whatsapp is widespread and my granma uses only that, so I must install it. I don't know if it's clear the metaphore.
Well, in this moment I'm not so sure about the trust in USDT. Trust is all. If you want my (ignorant maybe) advice, progressively switch to another exchange value

>> No.25547648

>>25546506
no it's not. the market cap of Tether is miniscule compared to Bitcoin/Ether. if Tether went to 0, it would just be another random dip that crypto sees all the time. we literally just saw the 3rd biggest cryptocurrency lose 66% of if its market cap and it affected the market for a week and we are already back at all time highs

>> No.25547655

>>25547584
you can try prove me wrong but you can't.

>> No.25547734

>>25547648
That's because XRP money didn't leave the market, it just got shifted. And XRP is still in the top 5, so it only lost a %.

If tomorrow USDT fails, how the fuck are exchanges as binance going to solve this. Imagine that you can't get a dollar for your 1 USDT. Is binance going to refund everybody? And the USDT that is on ether adresses?

>> No.25547775

>>25547655
you're not making any points that matter. even if Tether collapses, it's not enough money to cause the markets to dip for more than a week or so.

>> No.25547789

>>25547643
>USD is trusted basically because it's backed by the most well-armed, rich and powerful government in the world.
i don't know about that. i heard this bullshit a lot, but i think it's complete bollocks and a misunderstanding of the social contract that is money.
>Trust is all.
i would say trust is the problem. i don't want to trust anyone. it's the boomer way. and all trust will be betrayed in the end.
bitcoin does not require trust in anything but mathematics.

>> No.25547830

>>25543198
right, and coinbase is a bad company because brian armstrong whips black employees and makes them call him massa
imagine believing anything from nytimes

>> No.25547850

XRP market cap - 22b
tether market cap - 22b

>> No.25547863

>>25547417
There are other stablecoins now. That scenario suggests only Tether exists.

>> No.25547888

>>25547775
that was a different conversation tho. yes i think the market cap of tether is a joke it could not have possibly driven the market to $30k. and while i think we went up too fast again it does not in any way feel like a top here.funding is mellow, dips are shallow media attention i small.

when i look at the chart tho it just begs for a correction. but too much money is sitting on the sidelines waiting for correction.

long term tether proving to be a fraud and burning all the morons that kept serious sums in it would be bullish for bitcoin.

>> No.25547896

>>25547734
you're making shit up. a lot of XRP holders sold. some might have shifted money around but not all of them. regardless, it doesn't matter because Tether is not enough money to affect a .5 Trillion Bitcoin. re: your Binance point, people get scammed all the time in crypto and coins collapse all the time. most of the coins on there are at basically 0 anyway. there are no refunds in crypto. Binance or other exchanges don't have to do shit.

>> No.25547921

>>25547212
wasn't a fud, just a question.
and i do i have bitcoins

>> No.25547923

>>25545237
>We are never getting hyperinflation
We have never printed 1/3rd of all dollars in existence in a year.
Parabolic printing will lead to parabolic inflation.
The Fed cannot raise rates at this point, in fact they will go negative further increasing inflation. Stay in cash deflation fag and you'll be sucking dick for mercury dimes soon.

>> No.25547937

>>25547863
on every exchange pretty much you can trade tether against bitcoin it has the best liquidity too.
don't think reliable immediate exit to anywhere else exists. and even that would be hectic.

>> No.25547962

>>25547850
The sad part about XRP is that it was already extremely overvalued, its just another 100m market cap shitcoin thats sitting at 2 billion, except its not sitting at 2 billion its sitting at 22 billion. 2 billion is the *top* of where Id consider buying some, and Id do it grudgingly knowing it was overvalued.

This is before the securities classification, now its just 100% worthless. Garbage.

>> No.25547964

>>25547888
there are a lot of scams in the top 50. they will be purged by the free market or regulators in time

>> No.25547966

>>25545573
I will half my btc stack day before tether lawsuit
and buy back after the dip

>> No.25547967

>>25544660
good point. buy outs cannot happen with a decentralized asset like crypto

>> No.25547988

>>25547734
>If tomorrow USDT fails, how the fuck are exchanges as binance going to solve this.
reimburse everyone in bnb most likely

>> No.25548017

Also Im sure Im off by a few points but XRP was about 12 billion at 20 cents and now its 22 billion at 20 cents. I guess they dont realize its supposed to be 40 cents right now, but Brad and Katz de-risked its value down to half.

>> No.25548049

>>25547937
DAI and USDC are literally erc-20 tokens. anywhere ethereum is supported can implement them as stablecoins and most of the large exchanges already have

>> No.25548085

>>25548049
no man i was talking about an immediate exit scenario.
dai is a totally different beast than tether or usdc.

>> No.25548198

>>25548017
i still can't stop laughing about that.
>DERISKING INTENSIFIES

>> No.25548271

>>25547789
I know that it's an over-told sentence, but it's an important aspect. It's the money accepted *by* US government for taxes (because it's printed by them). You should not understimate this aspect. Of course FED can indiscriminately print it, and as a consequence it might lose value when confronting it to other currencies. But as a consequence of the *actual* power of the printer (FED, but USA in general) it's accepted basically everywhere, it's the more used money. The fact that it's so widespread (on the premise that it's trusted to be well controlled, in the sense that the amount of printed dollars is public, and that you can be sure that no one can massively counterfeit it). This is the real social contract (between *me* and the us government). If I buy a dollar, I know its value, I know that it's accepted as exchange. Of course the fact that FED is brrrrring so much makes me think that its stability is not so safe as it was 20 years ago, but I can still give on it a lot of trust

>> No.25549211

>>25543080
You see by the price of BTC that whales care a lot. Chinese big money is sitting on USDT. They want to escape the yuan, they have no other entry point to btc and are forced to use Tether. There's huge funding deposited in Tether which was moved out of it and transferred to Btc. This way the risks are minimized. The Tether "fud" is unironically bullish for Btc. Should the whole thing be clarified (what i assume as there's not even jurisdiction over Tether by NY), than the bubble pops and chinese move back in Tether. What you witnessed was not some meme stock2flow or "institutions fomoing in" narrative, it's a risk off move by Tether holders (60% of Btc is traded in Tether).

>> No.25549654

>>25549211
if it's not resolved and tether goes down, it will at maximum cause a bit of volatility, but also a lot of people would sit on BTC they can't sell, in China there's no yuan on/off ramp. Would cap supply and be further bullish. Therefore my thesis:
>Tether fud is bullshit then major BTC correction
>Tether fud is real, bullish for BTC, medium term + long term for the whole crypto space as tether is a fraudulent but systemically important market participant which makes crypto as a whole attackable by governments and central banks.

>> No.25549679

>>25547734
>Imagine that you can't get a dollar for your 1 USDT. Is binance
No one will care. No one hold tether wants usd. They are using it to trade against btc. Nothing will happen to exchanges if tether goes bust anyway.

>> No.25549835

>>25543163
>>25543179
First two replies nailed it.

The only people in the cryptospace who use Tether are the shitcoin traders. Shitcoins will be devastated if Tether ever dies. Bitcoin, Ethereum, and other coins with actual real-world adoption will be fine.

>>25545161
Stocks are supposedly shares of viable profitable companies. You are owning a tiny little percentage of that company's buildings, production lines, corporate treasuries, and cash flow. So, stocks tend to track inflation at least until the endgame hits. Look at the Venezuelan stock market, it was screaming upwards until the last couple of years when things finally reached such a state of collapse that even the corporations couldn't survive any more.

>>25547393
Stop trading shitcoins, start hodling BTC? Just a thought.

>> No.25549894

>>25549835
>Stop trading shitcoins, start hodling BTC? Just a thought.
i'm in bobo mode now, so can't justify holding BTC when i think it will crash

>> No.25549909

>>25548271
the us military power is indeed a geopolitical leverage. not directly as some morons think. but the us military power is a tool to actually devalue the usd. it is one of the major driving forces behind overspending and thus inflation.

but much more importantly the us is a huge consumer market. and having more and freer access to this market is every countries and power blocks dream.

>> No.25549931

>>25549835
So wait for the final pump and dump shitcoins before the 15th? Thanks for the advice.

>> No.25549950

>>25545125
if its so retarded than you should be able to easily refute it and put our minds at ease.

>> No.25549986

>>25549894
>i'm in bobo mode now
i'm pretty netural i don't see this area as toppish i see it as consolidation above first fib extension and a jumpboard to second fib extension at $47k. now this jump may involve a "spring" of course.

>> No.25550050

>>25547923
Sure they can increase rates, of course it means asset prices will go down which is healthy for milennials and will give them more excess wealth at the end of the month to spend.

People seem to not remember trump best years were while rates were going up.

>> No.25550129
File: 446 KB, 512x397, API3_TunnelChad.png [View same] [iqdb] [saucenao] [google]
25550129

Just sold all my Tethies for API3

Feelsgoodman.

>> No.25550186

>>25550050
if you increase rates that literally means more inflation. you think that will drive asset prices down which they don't even count as inflation?
hyperinflation usually happens when productivity tanks after the economy was in bad shape long enough. no innovation skipping on maintenance bankruptcies will net result in consumer goods and neccesities becoming scarce.

that's when this is realized people will try to get as many as fast as possible and that's when hyperinflation happens.

you can't at that point tweak any of this with interest rates. the velocity of money is a greater multiplier.

>> No.25550407

>>25550186
No you got it wrong , rate increases actually is the most used anti inflationary mechanism which is why inflationary countries have insane high interest rates.

The problem for boomers is that they let institutions or companies or other organizations buy assets like real estate to back other stuff so if they raise rates, the cost of money becomes higher , why invest in real estate to escape inflation when you can earn interest above inflation in a bank doing nothing.

This would be bullish as hell which is why trump best years were before he bullied powell into lowering rates.
That reduces asset prices and slows the economy a little in normal scenarios.

But we are away from anything normal now , people can't even pay rent , the social contract has been destroyed due to low interest rates.

People are waging just to survive , rent went from being 2/10 of a minimum wage to being almost all a minimum wage if not more.

This is why trump economy grew with higher rates , if milennials move into their own real estate they have excess wealth to spend.

Lower interest rates only benefits boomers holding assets.

>hyperinflation usually happens when productivity tanks after the economy was in bad shape long enough. no innovation skipping on maintenance bankruptcies will net result in consumer goods and neccesities becoming scarce.

This is correct but has nothing to do with the discussion there won't be hiperinflation anytime soon in burgerland , maybe in canada , but not in burgerland.

The problem is growth below inflation rate if you add inflation since at least 2008.
The last 12 years were the entire planet larping that things were right when it was all wrong covid is just forcing everyone to tell they are fucked up.

>> No.25550458

>>25550186
>increased rates is more inflation

Back to class anon

>> No.25550473
File: 99 KB, 1334x750, 1608942150050.jpg [View same] [iqdb] [saucenao] [google]
25550473

>>25550186
>that's when this is realized people will try to get as many as fast as possible and that's when hyperinflation happens.

The usa will get 10% inflation probably yes , but they can raise rates to fix it, but this will fuck up the larp economy that grew the last 12 years which is about circular bullshit services that don't create anything in the real world.

>you can't at that point tweak any of this with interest rates. the velocity of money is a greater multiplier.

Trust me anon as someone from Argentina , interest rates going high can stop massive ammounts of inflation , it also slows economic activity on a normal scenario with a normal demographic pyramid.

But with the current fucked up demographic pyramids it's a needed correction.

In all honestly this keynsian interst manipulation shit should have never been done in the first place , this is why this intergenerational wealth differences are happening.

>> No.25550494

>>25550458
just think about it a bit...

>> No.25550539

>>25550407
>rate increases actually is the most used anti inflationary mechanism
wtf are you taking about? when you increase rates you basically commit to print more money in the future.
asset prices don't really matter and are not counted in official inflation figures.

>> No.25550596

>>25550473
where do you get the bullshit that increasing rates reduces inflation? recent inflation was not caused by decreasing rates but by qe and hinting asset purchasing by fed.

>> No.25550606

>>25550494
I mean maybe hypothetically if there was hyperinflation but we’re nowhere near that and if we were you’d have a lot more to worry about than buying a house. Don’t buy into the doom and gloom of millennials they’re all just stupid and think everything’s unfair.

>t. a millenial

>> No.25550654

>>25550473
>interest rates going high can stop massive ammounts of inflation
wtf... look i been trough this a few times in my life. we had 40 and 50% inflation every year for a while. interest rates were around 40%. it did not decrease shit. when you print money like crazy that's what you have to pay for people to lend to you.

>> No.25550858

>>25550606
i'm not saying the us is doomed to experience hyperinflation i was just laughing at people that think it can't happen. of course it can.

all it needs is productivity to go below spending long enough. lending/debt crisis follows more money printing follows and finally prices go sky high which will result in more debt and more money printing...

>> No.25551106

>>25550654
That's because rates are still below inflation , if rates were at 0% with 50% there would be hyperinflation.

Central banking is all about wealth confiscation via inflation they just change shit to prevent revolution to the point people are pissed but not enough to do something.

>> No.25551171

>>25550596
Correct but that's because they can't lower rates anymore.
Keynsianism is a mental disease you see , since they can't do more rate manipulation down without destroying the banking system , then they do qe which also has decreasing returns.

>>25550539
Increasing rates remove currency from circulation , companies and people are willing to park cash if they get interest , otherwise they just spend it or convert it to other things like bitcoin.

This is why higher interest rates reduce inflation and economic activity.
That's not necesarily bad since it also prevents bubbles like housing bubbles.

All keynsian shit is bad in the end , with free interest rates none of the current crap would had happened.

>> No.25551215

>>25551106
Propertarians will never revolt because the existing system is a logical outcome of their ideal initial conditions. States exist mainly to guard wealth directly or not.

>> No.25551290

>>25544794
If you think tech stocks trading at hundreds of multiples of earnings is rational I got a bridge to sell you.

It's the dot com bubble of this generation

>> No.25551398

>>25551171
>Correct but that's because they can't lower rates anymore.
lowering rates is deflationary they don't want a recession so they do this weird thing where they inflate the stock market and assets specifically.

but interest rates in themselves are inflationary.
>Increasing rates remove currency from circulation
lol that is not so simple.

>> No.25551508

>>25551171
you are seriously banking on a temporary effect?
here is what1s gonna be the problem:
let's say you raise interest rates to 10%...
people jump on bonds because they pay better than s&p on average and so on...
then people realize actual prices of actual goods and services went up by 15-20% next year. and they only got 10% of which they paid capital gains tax even.

this is how inflation works. i been through this shit. it's not foreign to me at all.
so next year interest rates will be 12% but bitcoin already did 400% and stocks 50% because not everyone is as stupid as average joe.

>> No.25551532

>>25543211
checked based and redpilled

>> No.25551566

>>25543080
just dont put ur btc in tether problem solved why even make this thread ?

>> No.25551727
File: 287 KB, 655x522, 2019-11-15.png [View same] [iqdb] [saucenao] [google]
25551727

Is there any legit attorney that has looked at the case? Most coin-xxx.com articles and reddit/biz comments are written by genuinely stupid people. You can tell just by reading the way their thoughts are put together and how they omit critical information. I'd be curious to read a legit analysis by educated experts. Some thoughts:

a) USDT-printing:
Notice how USDC and USDT are being printed at similar rates. It's just that USDC prints them in smaller chunks.
https://twitter.com/usdcoinprinter

b) "74% backed by cash":
What is the current percentage? Have they kept up that illegal activity? Is it possible to infer that through iFinex's accounts?

c) If Apple is found covering losses, the executives might go to jail. The company might have to pay fines. Do you shut down the company? If JPMorgan is found laundering money for drug lords, do you give them a hefty fine or do you shut down the company? What happens to its stock price?

d) Looking at pages 93/94 of the actual lawsuit, they are asking for financial relief that is to be determined by the courts. How the fuck do you even begin to compute that? And if it's 1bn USD, how does this compare to iFinex's financial accounts? https://www.courthousenews.com/wp-content/uploads/2020/01/Bitcoin.pdf

I decided to have a look at all this shit yesterday. I am not a lawyer but it seems unlikely to be a catastrophic event. If they get fucked and lose the lawsuit, how much will 1 USDT be worth? In terms of US dollars. My guess is waaay closer to 1 than 0.

But I'm very open to hear thoughts by people with experience in dealing with such cases.

>> No.25552278

>>25544461
standard ceo shenanegans

>> No.25552438

>>25545298
>They will raise rates
lol

>> No.25552479

>>25544567
Kek

>> No.25552675
File: 2.24 MB, 4304x2860, 1609784885811.jpg [View same] [iqdb] [saucenao] [google]
25552675

Tether has been, at various times, .50, .80, .90 USD to USDT

Tell me why a sudden catastrophic drop in the price of tether isn't a massive buying opportunity

>> No.25553443

Smart idea to borrow USDT on AAVE and wait til USDT price to crash and pay back at a lower price?

>> No.25553925

>>25551727
>If Apple is found covering losses, the executives might go to jail.
LOL no. Microsoft was caught goosing its earnings back in the 1990s, shifting money around to make their EBITDA smoothly increase from quarter to quarter. All they had to do was pay a fine.

This is the most likely outcome for Tether -- the Feds will demand that the company pay the Feds a bunch of gibs. "Cost of doing business" in this protection-racket economy. At most the U.S. government will block them from being used on U.S. exchanges, at which point all the shitcoiners will be fucked up the ass as they no longer have a way to furiously swap between shitcoins.

>> No.25554474 [DELETED] 

>>25553925
>EBITDA

Basically a scam, and everyone knows it except normies

>> No.25554553

>>25553925
this is teh most likely outcome... why do you think they went after bitmex and arthur specifically?
arthur bragged about how cheap it is to bribe officials with "coconuts" on seychelles. that's what hurt them most.
they were upset as fuck and decided they gonna get that cut.

>> No.25554785

>>25553925
"Adjusted" EBITDA is the current term of art

>> No.25555200

>>25545338
Because that's always the case?