IT HAPPENS TODAY OOOOOOOOOOHHHHHHH !

Bullish for Ethereum

what does this mean

>>60603594
Nothing, there's a thread like this every week.

>>60603580 (OP)
1 billion dollars is fucking nothing

>>60603580 (OP)
Thats only 1 million dollars nothing burger

USDT TO 1.01

>>60603594
Tether printed 1b of fake money from thin air to pump their bags before selling them.
Without tether fake money bitcoin would cost like $9000

>>60603643
*technically* tether is not the one printing the money

>>60603661
>>60603643
tether is real money it's printed in demand from buyers
we're going to the moon

Why are Amerimutts so quiet today? There's always extreme volatility when their markets open. it's too quiet today. Something's up. Mutts are preparing something

>>60603617
lol

>>60603643
>Tether printed
tether can't print money
the US treasuries that they bought were printed tho, but not by them

So tether can literally just print free money? How is that legal?

>>60603643
At this point Tether fud has to be bait

>>60603726
>tether can't print money
kek

>>60603594
Bitcoin is minted through computing power on quasi decentralized networks.

Tether is just as good as any other cryptocurrency because you can buy tether with cash, then buy any other cryptocurrency on any major exchange.

Tether can be printed arbitrarily, “people” in crypto celebrate the ecosystem which is now the same as the federal reserve system, power organizations can control the printing of the backbone currency.

They printed a billion out of thin air, and to top it off the overwhelming majority of crypto purchasers/holders buy and keep their coinage on a major exchange so we have no idea if the exchanges actually are buying the coins immediately.

Hello? >>60603697

>>60603617
kek

>>60603580 (OP)
wake me up when they're dropping a TRILLY at a time

how is that even allowed/legal?

tether printed usdt out of thin air
when this house of cards collapse it will send ALL coins to zero

>>60603786
tether is nothing like the federal reserve

>>60603594
Exit liquidity printed out of thin air for the whales

>>60603958
>nothing like
Well that's a bit far isn't it? There are definitely SOME similarities, like ya know, how they can print as much tether as they want and nobody but them can actually verify if they have the cash/liquid assets to back it.

So help me understand:
>Tether holds a huge sum of BTC and they can mint tether to either pump BTC ( liquidating shorts ) or to provide exit liquidity ( liquidating longs ) so their game is to pump and dump BTC and other alt coins so they can just keep accumulating more and more BTC.
>Once they get big enough they start buying things like Treasuries/Gold and other assets to claim they have "backing" to their tether but they are using the printing money out of thin air trick that the Federal Reserve uses to collect real assets.... Tether using digital fiat to conjure out of thin air/electrons the "value" of another billion dollars for their dedicated pump/dump phases.
This has been going on for a while now and the real value of BTC is much lower if it was not for this scheme that Tether is running, which seems to benefit American government as it provides them another buyer of their debt at bond auctions....

>>60604022
>which seems to benefit American government
You're goddamn right. We are the system now. We won.

>>60603594
inflation is theft.

>>60604044
to take back on inflation, INCREASE THE INTEREST RATE !!!

>>60603600
> What is retarded?

>>60604022
No you are just a retarded schizo.
How it really works:
People/Institutions want to onboard crypto/hold stables. They pay in dollar and want Tether and Tether mints new coins if the supply gets bigger. So Tether gets the Dollar and mints new coins 1:1. Then Tether buys bonds and makes billions of profit per year.

>>60603580 (OP)
NEW ATH I CALLED IT GET FUCKED BEARS!

>>60604237
okay so this should be bullshit for Bitcoin and we should start to see new ATH and a new, higher price become the norm and not a big dump sometime in the near term future.
And if it does dump? Would that convince you there might be some merit to my retarded schizo posting?

>>60603580 (OP)
"Crypto is not a ponzi scheme, guys, I swear"

>>60604237

>>60604360
>stonk market is a reflection of economy
Trust me bro.

>>60603594
printing money from nothing

>>60604022
pretty much

Fucking NIGGERS!!!!

You morons seriously think govt would let this go on without being involved? They wont just let a fucking company destroy the dollar overtly for over a decade. what the FUCK are you dumb niggers smoking.
>hurr theyre dumb/whatever though
nigger if they had 2 IQ points they would still be involved maximally. Money is the most important thing in the world

the fact that tether still exists means it's state owned they just dont tell you

>>60603643
Tether has $8B in gold, which is $8B more than the FR has.

>>60603776
There's a reason why tether doesn't meet Mica or the genius act standards.

>>60603594
it means everything is fake and gay including crypto and most importantly your mother

>>60603643
>t. gary gensler

>>60603580 (OP)
>mfw they buy bircorns with fake money and it pumps the real money price of the bitcors

>>60607187
They pump their own fake money (usd) with more fake money. This isn't new. Bitcoin just swallows it up.
Finance professionals knew as early as the late 70s that the party will have to end sometime, because inflating the money supply will only work so long with the rest of wages, economy, and so on.
Bitcoin is the actual solution, right in in front of your eyes, Anon.
Do you understand?
> Yes (get rich)
> No (stay poor)

>>60604209
You are not too familiar with the concept of sarcasm dont ya?

>>60604345
Bitcoin price is made by supply and demand. I would only be convinced if it looks like Tether has actually less reserves then tokens. But they had proven that they have even more reserves

>>60607381
Tether has never proven anything but for the last 3-4 years they were under more scrutiny and got their act together somewhat.

Originally they were 1000% scammy but back when they only had like 5-10bn market cap they had the discipline to only be a billion or two short and had the remainder on hand to defend their peg. So they were able to defend against all challenges. Issues only arise when scammers exploit their seceme to such extend that they don't have the liquidity to pay up when people demand it (e.g. FTX had close to zero BTC. If they had like 90% of the BTC they claimed they would have been able to cover it up because it's not like 90% of people withdraw at the same time but FTX wasn't even able to cover a few percent)

>>60603617
It’s happening

>>60603580 (OP)
Fuck man, nice call. I'm impressed.