Why does everybody think tether printing money for whales is a bad thing? Sure, it increases the mcap of tether. However, this means more money coming in to crypto markets.
Think about it, whales are simply exchanging dollars for usdt. Then they will use it to buy whichever crypto they prefer.
So, whats difference does it make how that money came in to crypto? We sill have the same amount of btc so when they use the usdt to buy bitcoin price will increase the same.
I don’t mind tether making millions if it means more money coming in to market and mcap increasing, even id I know those bastards are running what most you call a scam.
Tether is skimming usd out of each pump. Every time btc pumps there’s an increase in tether mcap. All this money on sidelines waiting to fomo back in. It’s a powder keg ready to blow. If the market decides to abandon tether you have bank run we could see 1m USD btc.The tether prints you are on whale alerts are from Treasury just means someone made a deposit in exchange for the stable coin . Has zero effect on bitcoin until it’s at an exchange.
Kevin Ortiz
>powder keg ready to go >if market decides to abandon tether you have a bank run what do you mean by "market abandons tether" and the subsequent bank run? how does that blast the price of bitcoin?
Landon Reyes
People have to exit somewhere
Kayden Flores
so thats good for bitcoin?
Jacob James
>Satan defending Tether
Jayden Walker
>The tether prints you are on whale alerts are from Treasury just means someone made a deposit in exchange for the stable coin > there are peoples who actually believe this in 2020 tether last audit proved they were lying about the backing so the fired their auditor ... that was in mid 2018 ... since then the MC has triple ... still whit zero proof of funds
Jordan Evans
Because it's a scam
It's like a bank in the USA they only actually have a fraction of the money so if everyone wanted to withdraw tether it would drop in price to 0
Only mid wits use tether. The rest if use use USDC and dread the day Tether implodes taking 60% of the crypto market cap with it.
I've held this fucking shitcoin for 2 years and it hasn't moved a single fucking cent
Noah Ward
tether isn't even a hundredth the cancer that fiat currency issued through fractional reserve is
Lucas Thompson
That’s the problem with pre mined shit tokens
Christopher Long
But everyone won't withdraw their Tether at once. I've heard about this "hurr duh money printing on fractional reserve doesn't work" shit for years - yet look at the fucking stock market right now. None of it matters, its all a scam. The only thing that matters is the assets you hold that increase faster than the debt.
Angel Martinez
Thetherbro are you here? Wanna ask your opinion on something
Lincoln Perez
>The only thing that matters is the assets you hold that increase faster than the debt. until you actually want to sell but there's no buyers and the whole market crash every ponzi work perfectly until investor actually want to sell
yes
Andrew Cruz
Ah great to see you're still around. What are your thoughts on pic related? Historically when shorts are 30%, price crashes because of bitmex stophunting shenanigans. Will this be different in your opinion?
Tether is dumb and they’re going to just keep the price fluctuating as they see fit to fuck over normies. Btc will never go above 20k ever again
Jack Ross
And another thing I wanted to ask you; what's the best way to track tether emissions? Their tether.to page or whale alert? Or neither.
Andrew Morgan
How to out yourself as a newfag in 1 simple step
Jaxson Gray
>Will this be different in your opinion? the funding is still bullish ( fucking crazy I know ) so there's no fuel for a big dump pic related is what I'm looking at, you can see the difference between before and after the crash
for now whale alert seems to be the best way you can also check the treasury addresses manually but it's more tedious
Eli Sullivan
Thanks TetherBro, always spot on. BTC tip sent.
Where can I find those charts you posted? Great data.
About whale alert, I noticed sometimes they either postpone or hide certain transactions though (like the big binance one we were talking about few days back).
Luis Collins
>BTC tip sent. you're crazy dude I don't deserve this
>Where can I find those charts you posted? tradingview.com/ when you open a chart search for the indicator "bitmex funding and premium Index [neobutane]" all of this is free
>I noticed sometimes they either postpone or hide certain transactions though (like the big binance one we were talking about few days back). yeah that was shady AF, I they stop reporting prints for +5 days I will start checking manually
Matthew Davis
Is this chart similarly relevant in your opinion? Total latent long positions. Bullish right?
I don't have access to this indicator desu but in general I don't really trust the order books there's way too much spoofing, fake walls, invisible walls etc and it can flip on a dime
Alexander Wright
Fair point.
> yeah that was shady AF, I they stop reporting prints for +5 days I will start checking manually We're pretty lucky to have you around TetherBro.
John Brown
whale alert get most of it's replies/retweets with the big prints / movements so I doubt they will stop so I'm not too worried anyway it's 4am I'm going to sleep see you on the next print lol
Mason Adams
You can download bookmap crypto for free, will give you a much clearer view. And i agree with you, the orderbook is mostly spoof shit, big guys will use iceberg orders to get in undetected.
You could try reading the tape but that shit goes way too fast for the human brain to process.
