Has anyone cashed out because of this Tether situation or are we all just going to keep pretending nothing is going on?

Tether is irrelevant you retard.
BTC is the only thing that matters, and you should only be selling BTC for fiat/gold.

What QE? CME futures? Banks stay the fuck away from crypto.
See bitfinex losing Wells Fargo

just like binance was printing fake tokens right?
just like Veeky Forums exposed binance by draining their wallet from link

right?

Sold my 5 BTC because of FUD @6000 as it was going nowhere. Now I am crying. Don't be me.

Wow some of you are legitimately retarded. And you have the nerve to call me a retard. This NEET right here.

Do you know how tether works you dunce? Do you know how marketcap or volume works? Because I don’t think you do.

>Tether shit is true
>Bubble props and you can get BTC at sub 5k

OR

>Tether proves it's solvent and everythings return normal
> BTC runs to 9k without correction
> you only made 12% more profit

be fuckoing rationale just for a second. Exit ALL markets and wait till this thing settles
be fucking rationale just for 10 seonds:

>Do you know how marketcap or volume works?
Lmao, you research the basics of the basics and fucking think you know shit.

Tether is irrelevant since most people that buy crypto only buy BTC/ETH/XRP with fiat and sell it for fiat.

If tether crashes then only people getting fucked over are the ones holding shitcoins.
Tether is just a middle-man coin that exists to avoid taxes on alt-coin trades.

I think we're going to climb a fair bit more till tether blows up.

But what if Tether have been created out of thin in large quantify for the sole purpose of propping up BTC?

There are other alternatives though:
>You sell
>Tether proves it's solvent and everythings return normal
>BTC runs to 9k without correction
>You lost 12%

Just keep pretending nothing's going on, it won't fall apart for months.

Source?

Tbf there's another alternative, I'll add that as well:
>You didn't sell
>Tether shit is true
>Bubble props and you can get BTC at sub 5k no matter if you sold or not, but let's just assume that you have no fiat for the sake of the argument
>Keep holding your underpriced BTC until they eventually rise back to its current level again
>Neither a loss nor a gain

No no no, you sheep. I just pulled out 40% of my btc to alts

Not cashing out but I'm staying clear of any exchanges with tether on them as much as possible. Staying clear of BTC too.

How about you actually research the accusations and discover that they are complete dog shit dreamed up by a very autistic redditor with zero evidence?

I cashed out 50%.While I'm convinced the tether fraud is real, I also believe it could go on for a long time before it blows up

you faggots cum for a miserable 10% profit and then say no to the opportunity of making an humongus profit by buying the hugest dip in the history of crypto and instead prefer to hold and waiting a recover that will last at least a couple of months.

Well done biz, well done.

Please search 「EA development factory of SuperJunior」
We develop and publish EA (automatic trading tool) of FOREX.

readed all of them, and they're not that bad. And most of all, if it's all fake FUD, why the fuck bitfinex still didn't respond? just think of how many customers it's losing + brand image damaged.

red*

I haven't cashed out yet, but I was thinking to set up some stop losses in case of a severe crash and move them up from time to time.

50k in 2 weeks is indeed deluded, but btc is a favorite to hit 50k within a decade. All imo of course

>tether marketcap $700mil
>btc marketcap $137BIL

ZOMG THIS EXTRA 700MIL IS PUMPING BTC ARTICIALLY HIGH ZOMG

jesus people are so fucking dumb

Can someone explain what “the tether situation” actually is? Haven’t heard any detailed, sound explanation of it.

>Has anyone cashed out because of this Tether situation or are we all just going to keep pretending nothing is going on?

I'm not worried. One, the rumors and conspiracy theory don't amount to anything more, in my view, than an ignorant understanding of how it works. Two, I've gone through a "Tether crisis" before back in March and it had zero effect.

I'm not even holding tethers atm but I wouldn't be concerned in the slightest.

These paranoid, retarded threads ... meh. Not even minimal lulz at this point

Bitfinex has responded though

quantitative easing, he means the printing of tethers out of thin air, which they say is pumping the price of BTC

Pumping in $700m moves the price by far more than just $700m, you don't seem to understand how marketcap actually works. A $137 billion marketcap does not mean that people have spent $137 billion net on bitcoin.

another retard that doesn't know difference between market cap and liquidity

i don't want spread FUD so i will just present a fact:

i was about to last night, user. i had my cold wallet in my hands ready to let it all go and take my 5k profits and run

but then i realized something

if i dont make it big with crypto i might as well KMS so im still here

plz someone this

archive.fo/4cMe8

Does this mean Tether is 30 million dollars in debt?

You're an idiot if you think I'm risking my BTC holdings. You're also an idiot for caring about fiat profits. It doesn't matter anymore. Mind that I've given profits and losses in BTC value.

Right but I thought it was done with banks. I guess that could be applied with tethers too. But that’s with actual fiat by banks whereas this, we don’t know if it is backed.

But back in March there wasn’t as much tether pumped into it as there is now. Now it’s reached a point that is concerning.

No because tether isn't redeemable for USD.

HOLY FUCK FROM 1 TO 0.9943 ABANDON SHIP EVERYONE THIS SHIT IS DOOMED.

The tether "crisis" in late March was us predicting this outcome. This is that same tether crisis. We're just back letting you know that we were right, and that it's not stopping

kek they really are insolvent

Jesus this board is going to be DROWNING in pink wojacks...

The thing is, only a few can be millionaire since it's a bubble, most will just get the air out of the bubble. Have fun getting famous lol

Who /low risk/ and /low return/ here?

I make like 30-40 euros a day, sometimes even breakeven. Never went on a 10x moon mission. But I only lose a small amount 1 out of 10 times, and even then I have stop losses to safe my networth.

Cashed out today though. Perhaps I'm gonna miss the BTC run to 9k. But I'm sticking to my game plan and will play it safe untill this stuff is over.

If that's the case. Has anyone confronted BitFinex's "we're solvent" tweet about this? The regular unarchived page is not available.

What will realistically happen if a Tether bank run happens?

holding or making small day trades > these retards

Legitimately no one in their right mind would exchange a tether for a dollar when they can simply buy top 10 cryptos with them

I seriously am disappointed with the Alex Jones - /pol/ levels of retardation popping up on this board

Risk a 60% loss in case you can get another 12% gain. And if it goes well you can just reinvest on the spike and get 8%, so it's really risking a 60% loss for a 4% gain.

Not getting a gain is NOT losing $. Regardless of the tether situation, it's this type of BS thinking that makes people make stupid decisions.

>OMG TETHER IS INSOLVENT
>SELL SELL ALL YOUR TETHER
>BUT FOR WHAT?!
>BUY BTC
>BTC moons even more.

Legit question: who is actually holding tethers? Who is exchanging USD for USDT and just letting it sit in the marketplace as a tether? Fucking coinbase normies don't even do that.

Worst case, $600m disappears from the crypto space. Crypto market cap is $243b or 400x the size of Tethers. A drop in the bucket.

>implying the tokens you have on exchange will be redeemable for fiat when the crash hits

google bitfinexed

ITT: Folks desperately trying to believe that everything is gonna be ok

Dumped my BTC and BCH for ETH and XMR

I've made healthy gains and I'm really happy with how XMR is performing, especially.

You don't need to be in this fraudulent Bitcoin shell game to make gainz.

Can somebody explain this to me:
archive.fo/4cMe8
Shareholder Equity -$30,615,336.74

The actual link doesn't work anymore, I find that a bit suspicious desu.
wallet.tether.to/transparency

in order to sell, someone has to buy. your IQ must be hovering around that of your pic

Scared money don't make no money.

On one hand, the tethering is going to pull it down

On the other hand, CME futures will pull it up

Which is going to win, Veeky Forums?

t, has no idea how marketcap works

every major exchange has tether pairs, so... everyone

>what is leveraged liquidity of $1 on a security with 21m oustanding @ $8000.

I'll give you a hint. Its not $1.

>Implying all sell walls on BTC/USDT would disappear immediately.
>Implying there's not a price for everything, even an insolvent token.

Just because it's insolvent doesn't mean there's 0% reserves to back it up. Even after gox was revealed to be insolvent there were people buying up the debt for cheap so they could make money in future bankruptcy proceedings. I'd probably sell a bitcoin for a million tether.

And that is only because of you fudsters

Bitfinex'ed cashed out at $1000 kek

Yeah, lets all listen to the genius cashing out before the biggest bullrun

You gotta be fucking stupid to fall for the USDT FUD, man

No but I have several stop losses set just in case it tanks when I'm in a food coma after stuffing myself stupid with pumpkin pie and turkey.

Imagine a $600m fat finger market sell order, we had bad dips because of a LOT less dumb money.

Do you really think crypto will go up in value if the biggest fraud in its history is discovered? The only thing that would go up would be the BTC/USDT ratio, since nobody would trade their BTC for literally worthless USDT bags. The real world dollar values would probably dip hard due to lost trust.

Most people riding the BTC waves would exchange it for USDT instead of FIAT

Yeah from retards who believed the bullshit some salty loser has been screeching on about since he sold all his btc at 1k

Google some retard that has been crying since he sold everything at 1k and refuses to believe he made a bad call and instead blames the bull run on a tiny amount of tether?

ahahhahahhahaa this was fun times

>be NEET crypto basement trader

>not knowing of hot vs cold wallets

>get bot JUST'D

So how does it actually work then lmao
That literally what marketcap means

Tether's website has said from the beginning that if you have USDT, you do not have the right to demand they exchange it for real USDs. However much USD they have in some bank somewhere has no relevance because there is no connection between it and USDTs. A bank can go insolvent if people try to withdraw too much money around the same time? How could Tether be insolvent? Nobody has the right to withdraw anything from them?

Why is biz so dumb. Proof that we’re in a bubble full of dumb money. Doesn’t even understand marketcap. If 100 million BTC did a market sell on gdax right now what do you think will happen to your 120 billion market cap you pajeet.

Read what I wrote here about market buys.

Marketcap means (Circulating Supply) * (Current price)

It has no real meaning because not everyone is able to sell their coin at the current value.

Let's say you want to sell 2 BTC, the total number of BTC is 21million. There is a buy order for 1 BTC at $8000 in the order book and another one for 1 BTC at 7000$. Let's also say the last transaction happened at $8000 so the current market capitalization is 8000$ * 21million.
You sell 1 BTC for $8k but to sell the next one you have to sell it at $7k. You do that as well, and moved $15k in total. The market capitalization has now changed to $7k * 21million, so there are now 21billion (= 1000*21million) dollars "missing" from market cap only because you moved $15k

Just keep riding it until that critical piece of news releases. The moment you see a fuck-huge red dildo, you know to sell.

You should still come out with a profit, since I still think it has a ways to go before it crashes like that. No harm in just staying in and keeping alerts until then. Or even better--why not just set a stop loss slightly above your buy in price during this rally?

I bought xrp with my btc. Up 15%. Stable as fuck. If things go to shit I'm comfy. I've made enough btc gains to be happy to be conservative.

What do you mean QE?