So this is what an unregulated market looks like

Redpill me on this cuck.

Why is he so salty?

>quantitative easing is actually a viable strategy in a free market
jogs my noggin

so is your point that he's gonna run off with all the bitcoin he's receiving for tether or what. because that's not possible

also you realize that they print more tether to keep the price of tether from rising too much above a dollar, right

sold his shit way to low
now salty af
however I believe hes right about tether

he overdosed on libertarian memes to the point where he has brain damage

He sold his Bitcoin at 2000$, no joke

do you realize that he could be trading usdt for btc to usd thru other exchanges as we speak?

Dont understimate greed. You say "just print more tethers" but according to their site its backed up by usd. How is that easy?

I can only think of one tether scenario that isn't 100% fraudulent. They are laundering CNY cash. Offices in HK -> money boys carry over sacks of cash and deposit it for 50% of its tether value -> BFX uses CNY to buy UST-bills from the Party.

This makes BFX a nice little profit, rich mainlanders get to convert their funny money into crypto, the Party gets to offload some US debt in a buyback scheme... everyone is happy and BTC keeps going up.

Of course this is very unlikely. Tether is totally fake lol

When did Tether disable new account creations and why?
Only heard about this coin fairly recently, so don't know long they've been turning down new wallets.

He sold 10K BTC at $2000.

Also, for this coin to not be altering the markets it would be actually taking out 1usd from the market each time a tether is created. So far, there are no signs of this happening.

If they are just inyecting usdt they are just inflating any crypto bought with usdt, which i suppose is btc, just look at the drastic volune changes on bitfinex. Big buy orders 500 over market price?

But most people here keep saying is fud to keep tether going because the moment usdt implodes BTC is going sub 8k

> year is 2022
> 1 BTC is now worth more than $200k
> @bitfinexed still goes on and on about Tether

Exactly that.
/Thread

>10 more tether FUD threads will open tho

Is there any proof the printed tether is not paid for or is it just speculation?

speculation, people see the tether block explorer grant 100MM USDT tokens every day for 5 days when BTC crashes and think its unbacked money printing.
crazy right.

I mean, I'd feel alot more comfortable if tether had an audit but let's not jump to conclusions.

speculation only, there is no proof other than its very shady business

imo its very unlikely that they got USD backing for all that tethers.

there was also no proof that bitconnect was a ponzi, muh volatility algorithm, right?

Tether is the easiest fiat gateway for whales to enter the market. Fucking morons are yet to understand this and they probably never will

it's basically a meme now.

price goes up, it's tethers fault. price goes down, it's because there aren't enough tethers being printed. meanwhile every time the price has moved without tethers involvement it's 'natural'.

it's a fucking unwinnable position with this guy.

You are a literal retard of you think Finex is printing tether.

So is Tether essentially the same as the “locking your price” meme?

You basically “cash out” in Tether, until you can trade it back in at lower prices?

Is printing tether to prop bitcoin

I still don't get the point of Tether. Why not just deal with USD directly instead of having to go through some middleman?

USD cant be traded instantly without some middleman

they have not been audited

New investor have no idea how many restrictions were placed on crypto in the early days. Many banks block money that want to enter crypto, so Tether is the natural answer for big money to enter easily.

Because unless you live in a tax haven (99% of traders don't), you will have a hard time getting your bank to accept a large sum being wired from some bank in Hong Kong/Taiwan/Virgin Islands/Bulgaria into your account.
In fact some large banks will outright refuse to take that much money in from tax havens because they're terrified of regulators fining them if the money comes from criminal activity.

You can't just straight up trade printed tether the way you think Bitfinex is doing it, it would require chain analysis and bunch of other shit.

no, thats what salty no coiners looks like spreading random FUD on social media

But if you want to cash out, you still need to transfer from Tether to USD

It has already begun
reddit.com/r/bitfinex/comments/7rsrdh/selling_old_bitfinex_account_without_10k_limit/
>inb4 reddit

this guy is deranged

Yes and very few people are doing that because of the problems I mentioned.
Most are just holding bags of tether in the hopes that sometime in the future banks will be more accepting of international wires from crypto exchange accounts in dodgy places, or that exchanges will get the licenses needed to operate within legit countries.

That entire subreddit is hilarious.
Every single thread is "wheres my money"

Infinite red flags that people pour in here with their "lol salty fag" when the evidence that stands on its own regardless of who said it goes unaddressed.

We're all in this to get rich but tether will fuck us, just becomes about choosing the right moment to cash out before it implodes.

That's why they have to keep pumping BTC. If there was a run on USDT and a large number actually tried to get their money out, it'd quickly transpire that they've got fuck all in the coffers.

>cashing out and paying 40% tax
no thx

i'll just hold another 3 years like after gox.

how are they actually pumping BTC???
How does printing tethers equate to btc pumping?

see
Tether is in essence a promise that sometime in the future people will be able to convert their crypto into hard cash hassle free. Even if you don't personally hold any, the value of your portfolio is backed by the belief that people will at some point be able to convert those into actual fiat in their bank accounts.
More tethers in circulation means a higher trade volume at least until the whole thing comes crumbling down.

Take a look at this from Kraken where you can trade USDT and USD directly. It shows that the price of Tether is higher than $1.00 which means that there is demand for this.

They are just meeting the demand.

What's the matter? High-octane Capitalism too much for you to handle, OP?

Thether needs to be printed for the price to stay around 1$.
People buy BTC directly with fiat, transfer to exchanges and daytrade BTC-USDT. Without extra printing of USDT there would not be enough for everyone trading and the price of USDT would skyrocket. Removing the purpose from USDT to stay around 1$

Wash trading

Why don't you guys ever listen

Stop being salty and just use those weak hands to buy back in everything at an ath

...

Look at the volume for UDST/USD in Kraken dumbass. Its very low.

Tether actually lowers the price of BTC because people get scared and cash out through a normal fiat exchange to avoid a possible crash each time it is printed.

without tether it would be swinging between $400 and $40000 every day

so many pajeets here. Who cares if tether is somewhat scammy. Every country is filed with people at the top who are scammy. How do you think those wallstreet boys are at the top? by donating their money? look at wallstreet. look at Rothschild, Soros, they make their billions from misguiding the public. You think all the people at the top of their government jobs are all there because they're the brightest and smartest? Nop, it's all about outwitting each other to get to the top. This is why girls are always attracted to alphas and risk takers with balls. They end up with all the money and power, that or they end up with nothing. Even a geek like Bill Gates was smart enough to play the game (e.g. buying Windows for cheap from some no-name and selling it to IBM). LOL. The only people who play safe are poor jaeets. If you are scared for 50x gains, go put your money in term deposits and forget about crypto.