fuck fuck fuck
coinmarketcap.com
is this the start of the hyperinflation? Should we switch to DAI?
Tether is FALLING
Matthew Turner
Other urls found in this thread:
coinmarketcap.com
twitter.com
beincrypto.com
coinmarketcap.com
tokenanalyst.io
tokenanalyst.io
twitter.com
Ian Flores
imagine using an exchange which doesnt have USD
Aaron Gutierrez
USDT is pegged to USD, dumbdoubleass
Cooper Flores
Everything is fine. Delete this thread
Caleb Perez
we need some autists to figure out whats going on with the ERC20 stablecoins. Its something big but idk if bull or bear
Aaron Smith
it doesn't seem to me. Explain otherwise
Jordan Ortiz
Delete this thread right now
Jace Clark
Dai? Do you want to die?!
also
*ahem*
>uncappe
>
>
>
>
Liam Turner
Carter Sanchez
and this should be fine because??
Hudson Rogers
how is this even possible without anything else pumping?
Carter Cruz
what is the point of a stablecoin if it isn't stable?
Anthony Barnes
I never said it's ok in fact I think it's pretty fucked up lol
Aiden Long
This thread is very dangerous to the health of the crypto market. Mods can you please get in here?
Hudson Bailey
even DAI is falling... why nobody here seems to care
Owen Baker
AHHHHHHHHHHHHHHHHHH
Dominic Taylor
no mention on their twitter...
twitter.com
are you telling me that USDT is inflating faster than next-to-hyperinflation USD?
Jeremiah Flores
Due OTC desks usd Tether? Is BTC pumping behind the scenes?
Andrew Williams
obviously not retard, thats exactly what your thread is about
Connor Baker
It's recovering.
Asher Perry
do this also for the other stableshitcoins please
I'll pay with a virtual IOW, which it's a virtual fiat backed by fictional debt and black-hole exposure
> still better than USDSHIT, today
Dominic Garcia
Kek tether fud. A gigantic dump bottom must be near.
Ryder Perry
of btc or usdt?
Brandon Morgan
Mods
Henry Green
tell me what rules I'm violating
Colton Ross
Pump. I contacted some expert about Tether. Maybe he can explain this situation.
Parker Barnes
Thomas Campbell
Pegged but not backed
Nolan Roberts
Maybe someone cried STOP in the big game of magical musical money chairs. Better find a seat fast, because last leaves empty-handed. And they're will be a lot of last to go around
Christian Scott
don't pay attention to the trolls. Just ignore them.
Blake Ramirez
and we found patient zero for being clinically retarded, call the glowniggers he needs to be swatted
Kayden Barnes
this is where the fun begins
Anthony Thompson
MODS
Jordan Lewis
If tether dies BTC will go below 1k
99% of shitcones will die
Adam Taylor
yeah, maybe they should print another 2 billion, see if that restores confidence.
It's all the rage nowadays
Anthony Parker
I don't get it, why all stablecoins follow the same pattern?
Justin Hall
The DNM is the only market that needs BTC
That market doesn’t give a fuck whether BTC is 100k or $100
Tether is what’s keeping faggots like you in this market
Ethan Cruz
It's going back up. You fudders will pay.
Brayden Walker
I have the same question, DAI and USDT and STASIS EURO (euro pegged) did this!
coinmarketcap.com
> Darknet market
put your lisergic dreams to sleep
Im not a fudder, just fucking concerned. You will admit it's fucking utterly strange what it's going on
Andrew Myers
lysergic*, correction
Camden Gutierrez
If nothing’s pumping and stable coins are dropping doesn’t that just mean people are cashing out of crypto completely?
Jaxson Rodriguez
as much as kraken looks like a fucking tetris game, are the fiat pairs safe?
Dont want any tether domino collapse during postapocalyptic dips
Cooper Reed
its because a large whale is selling all his stablecoins to get into bitcoin either to hold btc or sell into real usd
Asher Ortiz
Kraken IMO is one of the few legit exchanges that doesn't fuck with actual customer deposits and doesn't get into fractional lending.
Austin Rodriguez
>tether is FALLING
it's not, that's just cmc being weird
Ryder Lewis
BTC taking over as new standard. The USD now falls and rises relative to it. Whereas 1 BTC will always equal 1 BTC.
Jason Adams
Tell me who else uses BTC, that actually needs BTC
Adam Ortiz
>or sell into real usd
I think it's this. If they sold yuge stacks of USDT for BTC or any other crypto, we'd see that particular crypto mooning. If instead they turn right around and cash out those BTCs for USDs, the operation is demand-neutral for the other cryptos involved. It looks like what we might call a sector rotation, in this case out of cryptos entirely.
Xavier Rodriguez
Thanks, switched all to kraken fiat pairings instead of busd.
Benjamin Butler
This happens every time btc dumps and concerned goodbois like yourself always announce how concerned they are.
Brody Anderson
If tether dies btc goes to 100k.
Tether only use case was for fucking daytrades to go in and out without going through financial institutions.
BTC becomes the stablecoin when tether dies.
Anthony Miller
I've made a thread before and only got 5 replies by glowies saying it's not true. Deltec bank no long owns 70% of its reserves in USD. Now that BTC dumped they own even less. They can no longer be backed 1-1 . When you see BTC start pumping on USDT exchanges but not on Coinbase you'll know I was right. Get out of the markets asap
Nolan Martinez
Guys WTF I have everything in USDC. Are we going to be ok? I'm in aus and don't wanna cash out to AUD because it's getting hammered against USD.
Luke Sullivan
still dropping
maybe:
unusual little increase in usdt inflow after 13/03:
tokenanalyst.io
some outflow of bitcoin into usdt after 13/03:
tokenanalyst.io
but it was much bigger earlier than the 13th
crypto speculators, bakkt etfs, Venezuelans with hyperinflation, miner pool factories
being a armchair internet provocateur is caused by deep psychological insecurities and problems, get help and stay there
because you didn't provide sources
Ayden Moore
How do we know they didn't gamble with the USD that's supposed to back Tether?
Adam Richardson
No one is getting into Bitcoin otherwise the price would've jumped noticeably. They are either cashing out completely. buying heavy crypto bags (unlikely) or if we get into the conspiracy theory realm, they could be buying some shittoken that isnt' even listed yet. The simplest explanation is best, which is the cashing out option.
Michael Morris
if USDT is insolvent. why also the other stablecoins are dying the same?
Jacob Garcia
brainlet here I didn't understand most of what you wrote but thanks for the advice, you look high IQ
Jaxon Rogers
Just trying to help you out, but go ahead and spin those wheels friend.
Daniel Martin
Taiwan Office Lady and the others are probably right. One or more whales are cashing out of all stablecoins into USD, even into EUR.
Jacob Wilson
didn't happen last drops in Q3/Q4 2019, check the history
Lincoln Peterson
DAI went down because Maker lowered the Dai Savings Rate to 0% because the price of DAI was stuck at $1.05
Liam King
Yeah, I remember when tether came around - that's when everything shit the bed. Man, it was nice initially, but I'd rather tether die a fiery death.
Brody Jones
Nigger
I said uses BTC that NEEDS BTC