GUYS WTF TETHER USUALLY PRINTS SMALL BATCHES IN 5 MIL, LAST NIGHT THEY PRINTED 600 MIL AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
pic related, its me, sweating buckets at the collapse of crypto
GUYS WTF TETHER USUALLY PRINTS SMALL BATCHES IN 5 MIL, LAST NIGHT THEY PRINTED 600 MIL AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
pic related, its me, sweating buckets at the collapse of crypto
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Why the fuck does the market crash every time tether is printed? Is it not the complete opposite, and that tether is holding down the market? When we went a few days without printing the market was in recovery...
>what is shorting
>Own *Magic Printer*
>Print magic USDT tokens
>Buy Bitcoin with USDT tokens
>Idiots sell their Bitcoin for USDT tokens on the premise that USDT are a "stable coin" that will always be valued & exchangeable at 1 USD because they backed by 1:1 USD reserves
>Why?
>They trust Tether
>Dumb fucks
>Owner of *Magic Printer* now sells Bitcoins for real USD
>Print more magic USDT tokens
>Buy more Bitcoins
>Sell more Bitcoins for real USD
>Repeat times x2.2 billlion
Wrong, CMC sucks
Tether needs to be printed when lots of people are buying Tether, and therefore selling BTC or whatever.
>bitfinex get audited
>no 1:1 USD : USDT
>everyone cashes out expecting a crash
>mfw tether was actually holding down the market
>mfw we have the greatest bull run in history to 1T+
>mfw you kill yourself because bitfinexed convinced you to cash out
This is so fucking shady I hate crypto so much
It's /ourscam/.
Once this tumor is removed, we'll be healthy again.
omniexplorer.info
Are they printing it somewhere else now?
>tfw tether was the ultimate crypto afterall. feels weird man
lmao THIS
if you look at bitfinex's twitter they're offering ERC20 tethers now priced in euros and dollars
They print more tether when the price of btc goes down, as more people want to exit it into tether. You can watch the USDT/USD trading pair on Kraken, right now tether is actually worth more than a dollar. FUD is weak.
Tether is part of the market cap, your theory is invalid.
do you know the contract address? sry mobile posting
Tether is a shelter for weak hands. Burn it down.
in what world are you living in when tether is in most exchanges.
when a run happens and it will happen its not going to go down its going to 0
this almost happened in 1987
They print tether while the market is crashing. More people want into tether, plus more tether exists to throw at bitcoin to staunch the bleeding. It’s basically QE but somehow less legitimate
they print tether to sell to the exchanges
This is easy. I don't get why brainlets don't understand that exchanges are basically robbing the entirety of crypto market with their monopoly money. The worst part is that you can't avoid this jewish scheme as long as you are invested.
Retards will realise only after they pull of phase 2 of this scam and fuck up the entire market. It will be pink.
>calls someone brainlet
>doesn't understand how Tether retains its price to the dollar
>has to resort to conspiracies to compensate for the lack of understanding
I know how it retains its price assburger. Nice double digit IQ reading comprehension.
What if all this time these tethers they're printing were actually because people were buying them.
They unload into btc and we rocket.
Explain, without resorting to conspiracies.
This is a fucking joke
This takes all legitimacy out of crypto , fucking pieces of shit
There is no conspiracy here. It's all out in the open yet you don't uderstand the implications.
Do you understand how arbitrage works? For a start.
I smell more bitconnecters in the making, when will people learn...
>ITT: Retarded normies falling for the tether FUD.
Stay sucking on my tethered nuts, dumb asses.
I unironically sold all my bitcoins between 3k and 9k because I bought his FUD
still believe tether will explode, but now I know I'd rather hold and sink with the ship than sell for a profit and miss out on moon missions
how does tether keep its value around 1 dollar? what stops me from trying to buy a tether for 1.50 or sell it for 80 cents?
Tether and Bitfinex are not pieces of shit
You are, for using them in any way
Everyone who never touched USDT is good
>muh tether
most of the BTC volume is in asia wit krw and jpy
get fucked fudboys
>pic
>post
the irony
if they can prove that for every USDT there is 1$, then its good but have they ever proved that they now own $2.2b?
>implying the magic money printer isn't the fed reserve
maybe tether is taking a few hints from its older brother
They print more when the demand goes up. AKA people tethering up.
Selling alts for tether brings down the price
it almost happened in 87?
can you source me? I'm interadasted
Lol have you been living under the rock? They printed 850 mil in January.