Hmm

I wonder why btc is pumping

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Trump is wining faggots leaving the country

You retards have been bitching and moaning about tether for three years now

Dr;dgaf

Can I ask, is this not just a fucking ponzi scheme? I get that USDT is basically pegged to USD, but it seems everyone in crypto is making a bit of money anyway, are we actually only making USDT which is backed by nothing, not even USD

Explain how Tether is not the biggest scam in Crypto right now.

Arduino slept over to the keyboard?

One day he will put an extra zero and nobody will notice.

How about you suck a cock alongside OP it’s pretty clear you’re both massive faggots

crypto is an inflation pressure release valve for the dollar.

usdt is backed by 'crypto assets'. they used to say every usdt was backed with real usd then refused to be audited for three years until being cucked by the NY state attorney general. so now they admit that the billions of circulating usdt are backed by shitcoins and no real usd

yes it is a big ponzi, just sell then short when tether stops printing/moving money to exchanges because that will be the top

No one cares about your conspiracy theories

LEND HIM YOUR POWER BIZ

KEEP PRINTING MONEY MAN

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is usdc good alternative in case this goes to shitter?

So if a lot if everyone cashed out the literally isn't enough USD in the system to provide for everyone, so we are making basically shares of a finite usd pot where the shares are much larger than the pot, what happens when the bottom falls out?

what about the conspiracy theory that bitcoin will be the global reserve currency?

They didn't mint that now, they transferred it back and forth for some reason

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when you think of it like this it all makes sense

dxy going to shit tha'ts why it's pumping.

when the bottom falls out, tether's staff will move to jeffrey epstein's island and Zig Forums will seethe

Good take, actually

OP do this real quick, not complicated.
Check tether (or any stablecoin) market cap
Check BTC market cap
Compare them side by side, even when Bitcoin was stagnating (and even bleeding), Tether kept pumping
There's this little thing known as DeFi that's came about and if you know anything about it, this shouldn't be complicated. Good luck.

Or just look at the prices for pokemon cards, massive unprecedented worldwide inflationary event. Get it?

How is circumventing audits a conspiracy theory?
How much is Tether paying you? And is it in Tether?

Prove how it is

You won’t make it with your 0.4 BTC user, sorry.

I thought the fucking bitfinex guy was arrested

this has long been debunked...

I have yet to see anyone refute this image. in before >>reddit

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Griffin, John M., and Amin Shams. "Is bitcoin really un-tethered?." Available at SSRN 3195066 (2019).

>even when Bitcoin was stagnating (and even bleeding), Tether kept pumping
yes, that is a very good point. it's almost as if the printing of tether is meant to inflate bitcoin's price

>yes, that is a very good point. it's almost as if the printing of tether is meant to inflate bitcoin's price

be me
bitfinex
parent company iTether
print tether with no collateral
buy bitcoin
pamp
sell bitcoin
get real dollars

its perfection

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someone help a brainlet understand how this pumps BTC. USDT is created out of thin air (if you believe it's poorly backed by USD.) you're saying that people are using this funny money USDT to buy bitcoin directly... but how would this happen? i understand people stabilize BTC every day by trading to USDT, but how does this freshly minted USDT enter the pool of USDT that is available to trade with BTC?

read this paper (sci hub if you don't know how to download papers)

Of course it would mean that Tether price would plummet compared to real USD, but that does not happen, which means you are a faggot.

I love how everyone has their own little personal reason for why pumps happen that they love to sneak out of their back pocket to share with everyone else, like some fucking grandma sneaking out candy

after you finish the last step you go right back to step one and print more """usd"""t

i guess i don't understand how a third party, non-regulatory entity can print money out of thin air at will and then exchange it for a valuable asset (bitcoin.) like this isn't even a central banking entity with bestowed authority, it's just some nerd clicking "create shitcoin."

kind of like your own precious little opinion that you just dropped on this board like a steaming pile of shit

people are willing to exchange and that's how it's possible