Cryptocurrency
Cryptocurrency
Out of context: Reply #344
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- scarabin3
Apparently tether printed 1,500,000,000 USDT a couple days ago, backed by nothing at all, which is being used to buy other crypto like bitcoin. Wouldn’t this devalue those other coins? I don’t get how they can just pull that money out of thin air.
- exactly. none of it makes any sense.
everyone knows this. Just get while the getting's good is the underlying philosophy._niko - like bernie maddoff did ?!neverscared
- like Madoff's investors, many knew what was going on and the returns were impossible but they just shut the fuck up and raked in the dough_niko
- lol neverscared beat me to it_niko
- yeahh its funny , not so much when the blowback comes.. though... boom boom crashneverscared
- If they printed a massive chunk of money to buy Bitcoin, wouldn’t that push Bitcoin higher?nb
- Yeah but then the bitcoin market is propped up by fake money, kind of making it worthless? If i were a crypto “bank” i wouldn’t cash out anything bought w USDTscarabin
- or is it because the stable coins bind worth to fiat currency...they probably think they can do they same as a central bank. and those are fighting back.uan
- 1.5 billion is nothing in the crypto spaceinteliboy
- Tether has survived 100 and this makes it 101 FUD attacks plus a sec lawsuit.inteliboy
- there is a tipping point for every fraud... and then it flash crashes... tether is the first.neverscared
- exactly. none of it makes any sense.