ALERT: Tether has just granted 50,000,000 USDT

WTF I love titer now.

alts pump again

50 is nothing, 100m didnt do shit last time.

>creating money out of thin air

just like the federal reserve huh

why are you on this board? you clearly know nothing

Can somebody PLS explain what the fuck this means?

It depends on how it enters the market senpai

...

Please explain. I don't understand the consequence of this.

Tell me what this means please

omg my sides thx for the heartfull kek

ohhh shiiiieet we're back boys, fuck please don't kill the alts with this moon though.

also, newfags. newfags everywhere ITT.

50,000,000 isn't a lot for bitcoin. Some dumb, retard whale, probably sold low because his alts were bleeding and traded them all to Tether.

No, we don't explain shit here, go back to /r/eddit or I will track your IP up your ass.

the absolute state of biz

Fucking explain. We help each other here bros dont we?

guys whats Tether?

>Step0. Create a Hong Kong based exchange, call it Bitfinex
>Step1. Create tethers (aka fake dollars)
>Step2. Use tethers to buy Bitcoin, driving up the price
>Step3. Sell Bitcoin for real dollars on other exchanges

wat?

ill be honest, i still dont understand tether

Fact: I'm better than you. Deal with it.

Thanks.

no you're too fucking new you need to go back this is basics
See how much worse this board has gotten in even the last 2-3 months. These fuckers came here within the last few weeks and are retarded.

It's just Binance's way of letting people cash out to something equal to USD, but its not actually USD. It's like when you sell to cash (without sending to your bank) on GDAX except its not real cash.

>muh tether meme

xrp pump soon

so how does this work? they just print money out of thin air? how do i get some? do i email them?

new newfag itt ?

piss off back to plebbit you nigger faggot kike newfaggot

'preciate

To all the newfag no tethers, GET IN NOW.

What this means is that Tether is about to moon fucking hard. Seriously, this is going to be bigger than BTC when it was at the ATH.

Do you want to be rich? Move fast.

Can I buy tether on blockfolio?!??!?!

Finally, someone is honest here, jeez. It's been around a dollar for so long it was bound to moon sooner or later.

Buying 1k worth, will we see $10?

My stepdad (I am my mothers son) wants to buy tether. How does he get in?

where to buy tether thx

It's going to 9001x bro!

Prepare yourself.

where buy pls?

We're going to 16.000 K goyim

Whales don't become whales by being dumb and retarded
T. Know a IRL whale

Thanks for the tip user. Just dumped $12k into tether. Easy 20-30% gains based on previous tether moons.

...

This shit is so criminal. Holy fuck. This WILL kill crypto.

>"must" held

now, do i email them or what?

What does this mean? Hodl my coins? invest in tether?

We mooning boys.

It's not though. It's juicy juicy jooos-e investment. Poor people don't understand how much $ rich people have to throw around.

Fucking FINALLY. I've been waiting for this.

HOW DOES THIS TETHER IMPACT ALT COINS PRICE? I DONT UNDERSTAND

Anytime bro.

We're going to make it!

mass tethers = instant win

Kill yourself my nigger

Damn, I honestly dont know how to respond to this. Acting like you know shit but your comment already proofs you dont know shit. Shit

all alts go up

bitfinexed must be happy right now

50m was used to alt coin pumps. But this time its for bitcoin

Tether is a fucking scam. Only a matter of time before people lose confidence in it.

It will be replaced by decentralized stablecoins like DAI in due time.

fuck yeah tether bears assemble. cant wait till this hits coinbase and we all lambo

Why do alts go up? I dont realy understand the reason

PRAISE THE LORD

we just need one more year to get filthy rich. Then leave and never look back, this will be epic to watch on the sidelines.

>something something opposite of Veeky Forums

tether is more like a piece of code used to burn altcoins. Burned altcoins = less supply = moon. Last time verge went to the moon becaue of this, im all in

Man, you have no idea. A ton of nowadays whales are still stoners and half-retarded autists who just got into BTC from the start because they originally wanted to buy drugs or were just autists. And over the years they accumulated tons of this shit. Doesn't mean they stay whales, though, especially not with real players entering the market instead of more stoners and autists from Veeky Forums.

Time to buy more ETC i think.

Except there's $1.5b worth of USDT; $50m is nothing at this point.

>stoners and half-retarded autists
regardless doesn't make them dumb desu~

Law of supply and demand says this isn't possible

DON'T TELL THE NEWFAGS WHAT THAT MEANS

It's not regulated and they don't back it with any refunds. They just take money and issue tokens. It's essentially a fundraiser for nothing. At this scale, it won't be legal for long.

Come on please, I just wanted to be friends I promise I'm going to be careful.

Chinese people turn everything they touch into a bubble

Awwww cmon man just this one time please I won't tell

It means alts are about to get destroyed and Bitcoin will soar. Jesus you people are embarrassing. The correct response it to buy Bitcoin. I'm not even trolling you here, that's what it indicates.

MASSIVE BTC BUY ORDER ON BITFINEX

The price there is pretty low, though.

That's only $16.4m though. Where's the other 33.6 going?

Or do they space out the orders?

Total market cap: $701,371,646,398

Tether market cap: $1,502,912,927

Someone please explain why this Bitfinexed faggot is right. Tether is 0.2% of the entire crypto market.

You niggers call Bitconnect a scam.

ETH

Creating new tether should decrease crypto mcap as money flows from crypto into tether..

thanks for the laugh

wash trade at kraken first

The Tethering

Through the USD/USDT pairing? That's like a week's worth of heavy volume. (Those big recent green and red candles are 1m and 900k respectively.)

Nice, Bitfinex trying to make money on ZCL and pump it harder

but basically that means that if they dont screw up they will actually fill their account with the fiat they need

I admire this guy (Bitfinexed).

Ahh.. The traditional, warm Veeky Forums welcoming

It's been mooning since the the 17/12/17 , from 5000 satoshis to 7500+satoshis.

Gtfo