240 000 000 USDT AT ONCE

Thank yu OP for posting this? Did you create the image.

Post your Bitcoin Handcash handle.

can someone explain to a retard like me what stop them from printing tether to buy bitcoin and then exchange for fiat on another exchange?

yeah I just update it every time they print

Very based user!

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nothing, all they need is enough buyers in the fiat pair

The Tether Scam Continues

“Once you have Tethers, you can trade them, keep them, or use them to pay persons that will accept your Tethers. However, Tethers are not money and are not monetary instruments. They are also not stored value or currency. We do not guarantee any right of redemption or exchange of Tethers by us for money.”

medium.com/@thecaspiancey/whats-behind-tether-cfde9e2199c8

bloomberg.com/news/articles/2019-08-07/tether-mafia-318-crypto-addresses-control-most-of-stablecoin

cointelegraph.com/news/the-strange-story-of-tether-the-digital-money-that-claims-it-isnt-money/amp

en.m.wikipedia.org/wiki/Tether_(cryptocurrency)

That seems to be exactly what they're doing. I mean its not like there's all this extra volume that could justify printing all this tether. Pumps already started on BTC

When do you think it will "Pop"?

Given your attention to detail and expereince lets say BTC is 7k. with this recent injection today. How much do you think BTC will pump?

They released like 3.5 billion from dec-march last year.
Do you check ANYTHING you fucking say.

hahahaha. OP Fren post your address/. some annon go tip this guy

Why is this bad? Do you retards understand they have a fucking license to operate in the USA? Do you understand that 1 printed tether = 1 real dollar of institutional money (aka accredited investor)? Get off your fucking tinfoil trip, same thing happened after halving in Q1 2017, the bull has been prepped and is ready to fuck nocoiner fat wives

Attached: tether_marketcap.png (869x646, 27.56K)

This is pretty much the reason why I do not hold any crypto on exchanges anymore and only use ethereum.

I just ignore any crypto that I can not controle the keys for. Im in crypto since 2012 btw.

The CEO of Kraken came out in their defense stating that Tether prints matched institutional demand that he was seeing at his own exchange.

Tether is backed by 74% cash and cash equivalents per the audit but digital assets do not count in those categories so it might make sense that Tether is 100% backed but between a mixture of fiat and digital.

Per coinmarketcap, the market cap of Tether is $6.4B which is not that much money. Consider Blackrock (largest asset manager) who has $7.4T AUM. Less than 1% of the AUM is still greater than Tether market cap, it wouldn't take a lot of institutional demand to get tether to its current day market cap

>When do you think it will "Pop"?
when they run out of fiat buyer

> How much do you think BTC will pump?
unless a whale decide to crash the price, I think we will see 8k this week we are entering heavy resistance zone now, if it manage to reach 8500 we are guaranteed to go to 9200 to close the cme gap
it has to be noted that they don't just buy btc, eth is being pumped at key btc resistance too

I'm not doing this for money bro but if you insist, this one of my btc address 1J4xDZQ6Pfkbzirsb5mefm8n6dLL6mHPNp

>Do you understand that 1 printed tether = 1 real dollar of institutional money (aka accredited investor)?
tether themselves no longer claim that

do you even know where that "74% backed" come from ?

>institutional demand

why would there be demand for this joke of a project?

t.idiot

the kraken guy is pretty based right?

i'd trust his word

we both know CMC doesnt calculate it properly.

dec 2018-march 2019 around 3.5 billion was removed from the treasury and put into circulation, along with some prints of fresh tether.

What the hell? They're BRRRing money? How can I short USDT?

They've become so brazen with this scam and no one seems to give a fuck so they prob just think fuck it just keep printing

Tether is a known scam newfag retards, chooose another stable coin you brainless faggots

They never send it straight to the exchanges either, its always washed through a few different wallets before it ends up there, why is that unless they're trying to hide where its going?

add these to your list
europe may ban stable coin:cryptobriefing.com/central-banks-recommended-ban-stablecoins/

bitfinex btc holding decrease by a third in 1 month: cointelegraph.com/news/bitfinexs-btc-holdings-decrease-by-one-third-in-a-month

my theory is that tether printing usdt to bump btc while continuing to sell it's btc because it expect btc dump due to europe stable coin ban (which will implode tether) or some other raison (expert been calling financial crisis for a while ), and that's why it's btc decresed by a third in one month or else why would sell that much that low ?

can anyone tell me what maybe wrong with this theory?

>no one give a fuck
>cryptobriefing.com/central-banks-recommended-ban-stablecoins/
regular people never give a damn unless it's too late

in October 2018 tether burned 1.2 billion USDT this dropped the MC from 2.8B to 1.6 then when btc started crashing from 6k to 3K they started re-printing all the way to 4b in June but that took 8 month
the current rate is way faster, over 2.5B in 2 month

>this
if it's all institution demand why do they need to hide it

Faggot cuck bears I swear, if you open one more retarded fud thread I’m going to go door to door and fuck each one of your wives.

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I'll keep posting until this scam explode or tether get a real audit
fight me faggot

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imagine being this emotional about cyber pogs

This.

how much possible is this?

it's possible but it would be so blatant
I still think they are just trying to save the market to save their business

Imagine being degenerate Copenhagen syndrome boot lockers, crypto is our only hope against kikery.

Literally if you dig one foot deeper into any opportunity you think you have you will see that it’s next to impossible to get rich. Necc

if so why they sold 30% of their btc when the price is so low?