What a coincidence

RumChicken
RumChicken

What a coincidence.

Whenever tether prints, BTC magically pumps

Right after that 100 million was printed, this big candle appeared out of nowhere to push btc to 12k

Really makes you think

All urls found in this thread:

twitter.com/tetherprinter?lang=en

King_Martha
King_Martha

What really makes me think is why you'd make a thread this gay.

Techpill
Techpill

There was wedge you fucking retard, it was going to pump or crash. And tether prints to match demand for tether, tether printing is a reaction of demand for crypto, not a cause of it.

Fuzzy_Logic
Fuzzy_Logic

being this fucking retarded

RavySnake
RavySnake

shhhhh, you don't call certain names in crypto, man. Who the fuck are you anyways? Jelly nocoiner? Get lost, man.

Nojokur
Nojokur

well. it was 300mil today OP.

Burnblaze
Burnblaze

tether prints tethers whenever USD is deposited. People deposit USD money to buy BTC - they need to buy USDT first

why are you scared faggot

viagrandad
viagrandad

fiat is evil
this is ok

crypto is truly pathetic

Firespawn
Firespawn

Tether is a safehaven in case of a btc crash but is backed by btc

MPmaster
MPmaster

you sure its not New tethers pushing up btc to ATH?

SomethingNew
SomethingNew

everyone selling
demand for crypto

I applaud the chinks and early adopters for dumping the bags on people this dumb.

idontknow
idontknow

It has nothing to do with crypto, you are just worried about how many fiat dollars people are exchanging for bitcoin right now. Whether people are trading bitcoin for $10, or $10,000, or a billion Zimbabwe bucks doesn't change what bitcoin is.

ZeroReborn
ZeroReborn

What universe are living in, crypto has grown like 100x this year. Do you only have a 1 week memory or something?

eGremlin
eGremlin

currency that literally lets us out-jew the jew by avoiding taxation everytime we sell BTC
getting mad over it

fag

iluvmen
iluvmen

enjoy jail

lostmypassword
lostmypassword

thousands of people learn that tethers have been printed
oh shit I need to buy bitcoin now before it pumps
bitcoin price goes up
wow

PackManBrainlure
PackManBrainlure

1. Tether Co. (TC) has 100m in cash, 500m coins in circulation
2. TC prints 100m new coin
3. TC trades new coins for Bitcoin
4. TC sells Bitcoin for $100m USD
5. TC now has $100m in cash, 600m coins in circulation
6. Goto 1

Someone convince me that it's not working exactly like this. Their website even says that Tether is not guaranteed to be redeemable for USD.

GoogleCat
GoogleCat

Meant this to read
5. TC now has $200m in cash, 600m coins in circulation

Fried_Sushi
Fried_Sushi

The retard tether FUDers have no clue how tether works. I think the legitimate concern of tether is the centralization of its backing, and the security risks that come with that, but not the "printing" of new tether. "Print tether to pump BTC" is an idiotic meme right now.

TreeEater
TreeEater

It's 2018 you blithering spastic

MPmaster
MPmaster

Government shutdown...This has nothing to do with tether.

5mileys
5mileys

Why is everyone freaking out over Tether? How do you know they don't have fiat backing the coins?
I-I just know
Yeah, that's convincing.

Flameblow
Flameblow

they think people with $100,000 are just going to use coinbase

RavySnake
RavySnake

doesn't matter, banks do the same with the economy, we need fake money in this world to stay afloat.

PurpleCharger
PurpleCharger

Because of all the shady shit with them pulling out of the US, refusing to be audited and not disclosing that bitfinex and tether are ran by the same people

GoogleCat
GoogleCat

They've been printing $100,000,000 every day for the past 4 days. Are you insane?

twitter.com/tetherprinter?lang=en

happy_sad
happy_sad

Are you going to at least attempt to tell me how it doesn't work like that? Really?

God damn. You're in for a rude awakening.

Evilember
Evilember

tether is worth 1.03 USD
more tether is printed for inflation
price is now closer to 1.00 USD which is what it is intended to be
BTC/USDT pairing goes up

It's not fucking rocket science

Harmless_Venom
Harmless_Venom

Total amount of USDT is 2.1 billion.
Is that unreasonable?

SniperGod
SniperGod

I think it's slightly suspicious that they claim to have $2.1 billion worth of liquid assets on hand to back all that USDT and that they are earning $100 million a DAY to cover the funbux they print.

TalkBomber
TalkBomber

More than a third of that amount has been printed IN THE PAST FIVE DAYS. They printed way less than this during BTCs massive bull run last November/December. If this does not strike you as fishy, then I don't know what it takes to convince you.

RavySnake
RavySnake

Ok, I did some more reading and it seems Bitfinex is fishy.

RavySnake
RavySnake

I guess a bull run does simply not increase the demand for tether because people are entering Cryptos? The demand for Tether increases when people try to escape cryptos for the "save" tether in bearish times?
Still I don't know,I am a complete donky brain when it comes to things like this.

CodeBuns
CodeBuns

if everyone knows that the price is being inflated by new tethers, then why is the BTC price on bitfinex not at a huge premium compared to other exchanges?

Skullbone
Skullbone

Yes, so if the entire market is selling their crypto to buy Tether in mad panic, where does the USD backing that Tether come from? They printed 950 million Tether between 1st of November and 31st of December, and that time period saw BTC's price go from less than $6.5k to $20k with massive amounts of new money entering the market. Now in January Bitcoin has only been going down, and threatened to go down even further, and for whatever reason as soon as the crash begins they start printing $100M Tether a day, and Bitcoin's price just happens to recover from a dip as soon as this $100M hits Bitfinex.

We haven't seen the last of this. They're gonna print another $100M Tether tomorrow, and the day after, and the day after that, and then they'll have printed more money in a single week than they did in two weeks of the biggest bull market crypto has seen.

Lunatick
Lunatick

why would tether fuck this up? all they have to do is park money in us treasuries and collect interest & their cashout fee. to attempt to scam anyone would be insanely stupid. if anyone at the company/banks knew about a scam they would short tether anonymously and tank the price.

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