Let the joke ride on

It doesn't make a difference, really.

depend what exchange you're on, most peoples would want to get back into fiat but lot's of exchanges don't have the right to use fiat pairs so they use Tether instead
where are you going with this ?

so accurate

>brainlets think 50 millions are a big deal when daily volume is in the billions

you can do a lot buy at the right time.
most trader look for retarded signal ,where the price close above a certain level, to buy in
it's hard to believe but yes your can move the market with very little if you know what you're doing

Are you fucking slow mate? The billions worth of volume is 90% wash trading with tether. Use your head for once

No offense but you're too naive if you think a whale send 50 millions to tether. Its literally imaginary money at this point

You’re the mope who hasn’t figured out what tether is used for yet

>What are wash trades
Actual trading volume is about 25% or less of what you see on the daily volume.

Alot of these recent 50mm tether prints don't get moved to exchanges. (((they))) are building up a fund

or paying drug dealers

ain't gonna pay drug dealer in tether
the least they would take is probably btc and most likely fiat

>wash trades
Oh, it's this schizo meme again

Just opened a 100x long easiest money I ever made

>its all real money buying bitcoins

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Boot licker spotted

Market cap means nothing.

What's the fucking problem?
So long as everyone doesn't cash out their Tether at once, it works perfectly.
How do you think fractional reserve banking (the prevailing banking paradigm today) works?

yes all these shitty scamy chink exchanges have real volume

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I'm not saying there tether is backed 1:1, they even admit it isn't, but the higher volume is clearly largely due to the fact that tether is accepted on more exchanges.

>So long as everyone doesn't cash out their Tether at once, it works perfectly.
I can't wait for the 29

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Why does this even matter? Do you think normies are buying only because of fake action generated at obscure chink exchanges? Volume is way up on Coinbase, who don't accept tether at all, for example.

bulls RN

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when there is buying pressure they need more usdt to fill the trading demand

>whales hold huge orders in tether
No
Look at the order book for LINK on Binance. All the tether positions are small, scalp-tier position sizes.
>now look at the USDC order book or ETH order book.
There are huge position sizes in those cryptos waiting to trade for LINK.

If whales arent sitting in Tether to execute million dollar trades then that should tell you all you need to know. regarding the writing in the walk for Tether and by extension BTC.

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or you can create fake buying pressure by printing fake money and buying up the order book trying to create a normie fomo
but woops the normies aren't buying this time
and now you have a shit ton of btc no buyer and billions of un-backed tether, woops

Redpill me on Tether Jow Forums

and a 2 billion dollar loan
loaned to you by the chinese mafia

I will hold in another stable coin like USDC and wait for the real bottom to buy it.

> BTC at $1000 without Tether

Yikes

I can't imagine how fucking scared the finex exec must be if this is actually anywhere truth
the NYAG can shut them down and possibly jail them, the mafia will just chop you up and feed you to dogs

put it on USDC

aaaaand here's the pump right as the market was about to roll over

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