See huge pump

>see huge pump
>go to @whale_alert
>see this
Every single time. If you think this scam will keep being aloud to operate at the rate that it is operating you are delusional.
Have fun watching meaningless number go up, the race to the exits once this shit implodes will be of epic proportions

Attached: 20201217_122844.jpg (720x767, 123.96K)

Other urls found in this thread:

blog.chain.link/chainlink-proof-of-reserve-bringing-transparency-to-defi-collateral/
twitter.com/SFWRedditImages

>aloud

What am I supposed to look at?

You see these messages all the time. Pump or not. Take your meds schizo.

Looks like someone is butt hurt selling too early, trying to get back in. See you at 50k

>70 million tether has anything to do with marketcap going up 70 billion in one day

Hmm...maths

Tether is the main on ramp for Asian investors. Also since it’s value is pegged to the dollar, the more the fed prints dollars, the more tether would actually gain in value against USD. So by the fed printing, bitfinex needs to print to keep the peg 1:1

>whales want to buy crypto
>they move fiat (usdt) to exchange
>price goes up
>OP can't put 2 and 2 together
>this must be a scam if I don't understand it

Post reeks of nocoiner cope.

>he thinks market cap represents anything in an iliquid market
Iliquid garbage always pumps and dumps more in terms of market cap than the actual money going in dumb fuck
>So by the fed printing, bitfinex needs to print to keep the peg 1:1
The fact that people like you invest in bitcoin just further proves my case. You are mentally challenged and anyone with an IQ above 100 that reads what younjust typed will be laughing at you

This. Every person that FUDs tether is a nocoiner hoping it will crash the market so they can buy in.

>Tether fudfags are using simple Tether transactions now instead of Tether printing

lmao

Ok but when USDT implosion? We know it's a fucking sham but when does it implode? 1 year? 5 years? 10 years?

>be you
>delusionally refuse to admit that the fact that an asset that refuses to get audited and increased its market cap from 4 billion to 20 billion in the last 8 months has anything to do with the rise of btc price because his common sense is highjacked by pure greed
Keep drinking the kool aid. Regulation is coming for stable coins btw, have fun while it lasts

The fact that you didn’t get that shows your lack of understanding and now you’re doubling down by insulting. Have fun continuing to seethe when BTC crushes 100k this cycle

>price of bitcoin
>amount of fiat in the system
>"you must be delusional if you think 1 has anything to do with the other"
lmao

(You)

Attached: Screenshot_20200808-203722.png (2048x1427, 641.63K)

he thinks 70m usd moved a 350b asset 20% in one day . How fucking stupid are you?

Not an argument

No, actually youre just dunning kruger retarded motherfucker. Do you know what PEGGED means you absolute ape? Usd supply has nothing to do with usdt supply. The usdt is (supposedly) backed by tethers usd reserve and this reserve goes up or down in value according to usd's value. How do you come to the conclusion that you need to print more usdt to stay 1:1 you absolute ape holy shit kys

Especially when the writing is on the wall.
>micro strategy
>Guggenheim
>druckenmiller
>Paul Tudor Jones
>gbtc
>square
>PayPal
>ruffer
>dbs bank

>he thinks market cap matters when everyone in bitcoin is a ponzi loving faggot that will hodl and never sell, making the market one of the most iliquid pieces of garbage on earth
Coiners really are low IQ

>The usdt is (supposedly) backed by tethers usd reserve
Chainlink solves this.
blog.chain.link/chainlink-proof-of-reserve-bringing-transparency-to-defi-collateral/

Asset managers thatre audited are buying 7-800m worth of btc, what do you think chinks are doing? They’ll go straight from their great firewall chink bank, straight to tethers bank then take their tethers and do whatever the fuck they want with them Without a trace and that’s the value of tether, if they want exposure to usd without audits they’ll use tether, doesn’t mean they’re buying btc with it. Only a brainlet thinks 20b is a lot of money In a worldwide market

The more the fed prints, the more the dollars that tether is pegged to are being devalued

keep seething schiffpoorfag I’m up Over 500% this year kek

Attached: 3EA2183A-6AE2-4AE5-9AFC-10D90C237205.png (1125x2436, 3.18M)

You’re probably an xrp bag holder aren’t you?

>people with big money making moves
>so far out of faggot OPs financial comfort zone it triggers the poorfag (mind and body) OP into claiming it must be a scam
70-80 million is pocket change for some people. get over it.

And? Its supposed to get devalued. Its supposed to follow usd. Do you also print the money in your bank account when the fed prints money?

this.

Attached: 91AE80B3-71ED-424B-A627-EA850A65F229.jpg (1120x767, 106.84K)

Tick tock shitcoiner. Your time is almost up
www.forbes.com/sites/seansteinsmith/2020/12/09/cryptocurrency-legislation-is-on-the-rise--what-the-proposed-stable-act-could-mean-for-crypto/

Have fun while it lasts

If you think this will dump the price of btc then you are actually negative IQ, just stop.

When the fed prints, the value of assets increase relative to usd. Tether is backed by one tether to $1.00 (nominal term) so when the fed prints, it’s putting upwards pressure on tethers price