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02-06-2021 , 01:27 PM
Quote:
Originally Posted by NC82
From a practical point of view they are basically the same.

a tether fudster spread fear and doubt about an event. Here the fact that tether is used to manipulate the price and that when that comes out the btc price is going to crash

a tether truther believes that the bitcoin price is driven by fraud and price manipulation through tether minting and that this event is being hidden from the public. Once this comes out the btc price will crash

What happened is that bitfinex paid back its entire 550M loan + interest to its sister company tether. Both are of the hook for now, must have been a tough day for fudsters and truthers alike.
Wait that's all that happened lol? Not even a argument the fudsters made? Are argument is that the tether are not backed by real dollars or possibly anything for that matter, and that possibly the tether is on the books with other crypto's. So to say it was a bad day for fudsters and truthers is strange..... must be grasping at straws
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02-06-2021 , 03:09 PM
The amount of Tether in circulation has been on a parabolic rise since the market crash last year. From 4B to 28B. It hasn't been audited and has a close relationship with one of the big exchanges so the whole thing feels sus. However, people have been predicting the collapse of Tether for years so who knows. I guess the question is "Is Tether created to fulfill demand for cryptos or to generate demand for cryptos?"
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02-06-2021 , 03:18 PM
Quote:
Originally Posted by synth_floyd
The amount of Tether in circulation has been on a parabolic rise since the market crash last year. From 4B to 28B. It hasn't been audited and has a close relationship with one of the big exchanges so the whole thing feels sus. However, people have been predicting the collapse of Tether for years so who knows. I guess the question is "Is Tether created to fulfill demand for cryptos or to generate demand for cryptos?"
Yes and Ceo and other head honchos go around podcasts and twitter declaring everything is fine at home, yet no audit.... thought the crypto space demanded "Don't Trust, Verify"..... yet crypto pro crowd has no interest in demanding it.
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02-06-2021 , 05:10 PM
Quote:
Originally Posted by ThrowingRocks
Yes and Ceo and other head honchos go around podcasts and twitter declaring everything is fine at home, yet no audit.... thought the crypto space demanded "Don't Trust, Verify"..... yet crypto pro crowd has no interest in demanding it.
So the guys running tether have their own central bank for crypto? Lol. Why do people even consider tether to have any value? I need to dig into this
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02-06-2021 , 05:48 PM
TR is basically dead man walking at this point.

enjoy all the tether nonsense, it might be your last gambit
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02-06-2021 , 06:20 PM
Quote:
Originally Posted by GlassGlazer
TR is basically dead man walking at this point.

enjoy all the tether nonsense, it might be your last gambit
It's not tether nonsense unless you can prove it.
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02-06-2021 , 06:37 PM
Who knows right now the future of Tether. If it were to collapse at some point, wouldn't other stablecoins take USDT's place?
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02-06-2021 , 08:19 PM
If a decent amount of tether was funny money that means there is less real demand than the current market prices would indicate so there would probably be a big crash.

Other stable coins could replicate the utility of tether but unless they are also funny money then they wouldn't replace the demand that tether generated.
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02-06-2021 , 08:25 PM
Tether is keeping people poor for sure
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02-06-2021 , 08:35 PM
Quote:
Originally Posted by synth_floyd
If a decent amount of tether was funny money that means there is less real demand than the current market prices would indicate so there would probably be a big crash.

Other stable coins could replicate the utility of tether but unless they are also funny money then they wouldn't replace the demand that tether generated.

Seem legit don't you think?

It's like **** the fed and the corruptness
only to jump in a big ponzi that you can't think be corrupted
It's a free ride
with a pony who has no legs
The price keeps on rising
As the token keeps on being created
It's been to the moon
and the shillers still on earth
It's the good advice that the shillers keep shilling
you would figure they would be so rich by now they would stop shilling
It's the great escape, when you learn to fly with the Bitcoin
but your end dream is to roll in piles of fiat
You Puff your chest out and tell others to have fun staying poor
when Tether is your saviour

Isn't it ironic don't you think?


Last edited by ThrowingRocks; 02-06-2021 at 08:48 PM.
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02-06-2021 , 08:47 PM
Quote:
Originally Posted by ThrowingRocks
Seem legit don't you think?

It's like **** the fed and the corruptness
only to jump in a big ponzi that you can't think be corrupted
It's a free ride
with a pony who has no legs
The price keeps on rising
As the token keeps on being created
It's been to the moon
and the shillers still on earth
It's the good advice that the shillers keep shilling
you would figure they would be so rich by now they would stop shilling
It's the great escape, when you learn to fly with the Bitcoin
but your end dream is to roll in piles of fiat
You Puff your chest out and tell others to have fun staying poor
when you really want to rub fiat on your titties


Isn't it ironic don't you think?


yes
Bitcoins - digital currency Quote
02-06-2021 , 08:47 PM
Quote:
Originally Posted by ThrowingRocks
Seem legit don't you think?

It's like **** the fed and the corruptness
only to jump in a big ponzi that you can't think be corrupted
It's a free ride
with a pony who has no legs
The price keeps on rising
As the token keeps on being created
It's been to the moon
and the shillers still on earth
It's the good advice that the shillers keep shilling
you would figure they would be so rich by now they would stop shilling
It's the great escape, when you learn to fly with the Bitcoin
but your end dream is to roll in piles of fiat
You Puff your chest out and tell others to have fun staying poor
when you really want to rub fiat on your titties


Isn't it ironic don't you think?

What the **** are you saying

What do you think of this, oh mighty bear, in inglish this tiem

https://voxeu.org/article/stable-coi...crypto-markets
Bitcoins - digital currency Quote
02-06-2021 , 09:19 PM
Quote:
Originally Posted by kekeeke
What the **** are you saying

What do you think of this, oh mighty bear, in inglish this tiem

https://voxeu.org/article/stable-coi...crypto-markets
Mr. Play It Safe was afraid to fly
He packed his suitcase and kissed his kids goodbye
He waited his whole damn life to take that flight
And as the plane crashed down, he thought
"Well, isn't this nice?"
And isn't it ironic, don't you think?
Bitcoins - digital currency Quote
02-06-2021 , 09:35 PM
imagine coping so hard you need to write poems

lmao
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02-06-2021 , 10:08 PM
Quote:
Originally Posted by As1an1nvas1on
imagine coping so hard you need to write poems

lmao
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02-07-2021 , 09:29 AM
Quote:
Originally Posted by kekeeke
What the **** are you saying

What do you think of this, oh mighty bear, in inglish this tiem

https://voxeu.org/article/stable-coi...crypto-markets
I'm thinking that a research paper funded by Ripple and published in April 2020 when Tether was at 6 billion and Bitcoin at 7k might not be definitive?

It also seems to assume a priori that Tether is a 'safe haven asset in the digital economy' rather than questioning the assumption, which would seem to be the point of this discussion?
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02-07-2021 , 10:19 AM
Quote:
Originally Posted by RedQueenDream
I'm thinking that a research paper funded by Ripple and published in April 2020 when Tether was at 6 billion and Bitcoin at 7k might not be definitive?

It also seems to assume a priori that Tether is a 'safe haven asset in the digital economy' rather than questioning the assumption, which would seem to be the point of this discussion?
How did you find out it was funded by Ripple?

The way I understood it, it's like cash in the stock market, a safe heaven in case **** hits the fan. I agree the article doesn't feel complete thought.

Kinda blows my mind that tether have any value, if what TR says is true.
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02-07-2021 , 12:15 PM
Tether is just a money market instrument, like a repurchase agreement. To whatever extent Tether the repo is under-secured, liquidity in the market would decrease in the event of a run.

That’s it. The emergence of a money market instrument doesn’t imply that the commodities or assets being traded in that market are less valuable... it implies the exact opposite. If a money market instrument is under-secured, that would be a bummer under certain conditions. But it’s not a particularly interesting part of conversations about the commodities/assets themselves.
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02-07-2021 , 12:50 PM
Quote:
Originally Posted by Irieguy
Tether is just a money market instrument, like a repurchase agreement. To whatever extent Tether the repo is under-secured, liquidity in the market would decrease in the event of a run.

That’s it. The emergence of a money market instrument doesn’t imply that the commodities or assets being traded in that market are less valuable... it implies the exact opposite. If a money market instrument is under-secured, that would be a bummer under certain conditions. But it’s not a particularly interesting part of conversations about the commodities/assets themselves.
Cool, thanks for the clarification, english isn't my first language so I get lost in technical english terms quite easily..

I just bought my first btc!

If only I was set up for it last week, hopefuly I get the chance to buy at that price again. Thanks for the help/education/ressources. Most obvious tenbagger I have ever seen.
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02-07-2021 , 08:41 PM
These are just [post-unsustainable-pump] standard moves (currently receding from last chance fake out bounce)

various examples from the past of this spot include:

1k after 1.3k in 2013
17k after 20k in 2017
12.5k after 14k in 2019

It's not yet ready for a real dive down, perhaps another bounce or two off of 30k. Once a bigger fall comes, I will be there saying it's time to buy

This point should mark hater-singularity, moonbois and doomers against me
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02-07-2021 , 09:44 PM
Case also talks like toothsayer?
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02-08-2021 , 12:03 AM
case3 also said there was no value above 10k.

no ones against you case3 we just think you're an idiot as proven by your own posts (quoted many times to show how blantantly wrong your btc calls have been). You're too sad and possibly special to warrant hate. I would compare you to the performers who think they are good at singing on first couple episodes American idol but are terrible at singing. Everyone watches them preform with a mixture of cringe , awe and secondhand embarrassment.

Or you're a sociopath.
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02-08-2021 , 12:09 AM
watching these bitcoin bros cry all over the internet because Elon is tweeting about doge `is absolutely hilarious.
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02-08-2021 , 12:13 AM
Quote:
Originally Posted by Brian O'Nolan
I want to buy more BTC. I want to buy more ETH. How do I choose which one to buy when both number only go up????


Eth
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02-08-2021 , 12:15 AM
Quote:
Originally Posted by DrMoonshine123
Eth
doge is better for gains. Cheaper to transact in too. Buy Doge to secure financial freedom. Elon is a mega genius, he knows the power of the Doge, because he so smart he can see the value it has. Richest man in the world knows how to make fat gains, if you're not in doge you have no idea what you're doing, have fun staying poorer.

Last edited by ThrowingRocks; 02-08-2021 at 12:20 AM. Reason: o
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