So basically.......if this motherfucker falls......we are all fucked right?

So basically.......if this motherfucker falls......we are all fucked right?

anyone that "locked in" their BTC ledgers are.

Why only them?

It's good to get done with it, we'll finally get to move on from Tether and make the crypto space a better place.

Pretty much, Tether is not even crypto.

What the fuck does this even mean? You're not the first to say it

...

No. People need to sell to BTC to get out of Tether.

>people actually bought the monopoly money

>sell tether for btc, eth and alts
>1b more to the market
I don't see anything bad here

NDZT (New Zealand dollar Tether) takes its place

It's good that we get rid of it since we are in a bearish market. I have high expectations for mid Feb/March

this, better to get this shit out the way so we can not worry later on about it fcking up the market

He didn't use his trezor to lock in the price of his bitcoins

someone is buying a fuckton of BTC
they're taking advantage of this situation because Tether is actually kosher

almost no big trader holds tethers, they hold actual USD cause tether is more costly.

and from what i can see almost no money left tether. lmao.

Modern BTC hardware wallets allow you to lock your BTC price to USD, making you immune to market fluctuations (bad OR good).

Locking works by trading your BTC for another cryptocurrency called Tether (USDT). Tether's issue keeps a 1-to-1 reserve of USD to USDT.

The redemption process requires some paperwork, and despite the FUD, no one has ever failed to get their money.

you would think people would GTFO out of tether after this news, but tethers supply is not changing at all.

what do you think that means?

I meant "but despite the FUD".

People are understandably nervous about Tether. If it weren't actually backed by USD, that would mean the Bitcoin market is backed by less USD that previously thought, which would lead to a significant correction.

only if you are invested in pump and dumps.

Guess they haven't gotten the news yet

>Tether fails
>$2bn in tether moves to BTC
>this is somehow bad

???

And I meant "Tether's issuer", not "Tether's issue".

>and despite the FUD, no one has ever failed to get their money
Do you have proof of anyone actually succeeding in redeeming (not trading!) their USDT for USD?

Short term quite a bit, long term, if it has to happen better that it happens now.

its not moving at all. Do you know why? because only a hand full of people own tether, no one is FOMOing.

this proves the tethers are total bullshit.
Just shows how few people actually hold it.

Rip link and req

Why?

that would imply people selling BTC for USDT

>Do you have proof of anyone actually succeeding in redeeming (not trading!) their USDT for USD?
not what tether is for you dumb fuck

No ones trading it away either.

tethers are meant to be destroy but supply is barely changing.

> thinking you will still be able to sell each tether for 1 usd if this is revealed to be smoke and mirrors
> lmao

I never said that, moron.
The post I was responding to did.

whats the commotion here.. using tether just fine buying tasty dips