UMMMM GUYS????

bought this shitcoin at $1 4 months ago and it literally doesn't move. i'm about to drop my bags

good try pajeet.

Its over guys, time to exit.
Sell all, go to work tomorrow.

>He bought at ATH

That would make the price of Tether increase you brainlet

LOL

Just hold a little longer user

kek

Good thread.

Seriously though.

Tether fluctuates by a few cents.

>buy $1million @ $1
>sell @ $1.03
>$30,000 profit

...

>been holding for months
>literally no gains
I don't even know what this shitcoin does, bought randomly

Is it time to buy??
It's guarenteed to go back to $1.01 right?
That's a HOLE 10%!!

You motherfuckin pajeet cunt. Almost died till it loaded.

we mooning now brudda, hop in the train and make good gainz

Can we have a discussion about this on IRC? Rizon.net #Veeky Forums

HAHAHAHAHA THE FUD WORKED
YOU GUYS ARE SO EASILY MANIPULATED
brb buying the dip

YOU CANT

use slack.com instead, IRC is too difficult

>IRC is too difficult
Isn't that the point?

1 percent you exceedingly retarded pajeet

...

Pretty smart to risk 1 milion for $30k profit.

cool. will check in tomorrow after sleep

Are you seriously this handicapped

Please tell me this is a joke

It's 10% Gaylord

Is there a burning mechanism for tethers, so that the price stays still? I understand they print more when people buy more so that the price stays stable, but when the market recovers and people drop the tethers, do they... usually destroy them so that the price doesn't dump like this?

Also,

It isn't.

No. Which is why it rings hollow. People don't want tether to be a gigantic ponzi that propped up BTC because it means everything is fucked.

Look at Bitconnect and the people that swore up and down and defended it right up until it shut down and even after. Tether is the same thing except for the market as a whole.

People don't want the music to stop.

>I understand they print more when people buy more so that the price stays stable
That's not how it works. You're all retarded.

This tricks me every time.

I've never used tethers, so if I haven't looked at them in too much detail. How does it work then?

Magic internet money comes out from crypto printer. It's widely agreed that the value approximates a dollar.

...

>transfer some btc to coinbase/gdax
>first sign of trouble cash out
>buy the dip
>public says "wow that was a fucking dumb idea lets not do that again"
>price comes back in a couple weeks
>you now have more money
how is this a hard concept?

Yes, sorry, I understand that part, what I'm wondering is how they make it stay at that price with the changing supply and demand, and what plays a role in when they decide to print more other than "bitcoin is shitting itself again". I'm guessing that there is a rationale, even if we like to make fun of it. I don't understand that part, and that's why I'm staying away.

It will moon soon, user. $2 eom

I wonder how long you're going to keep trying to force this shit wojack with your garbage art style before you give up.

FUCKING SOY MEMES

Keep spreading FUD!