Print more Tether

Yeah, I get that, but I didn't know that that's what you meant. I thought you might meant that bitcoin got burned - as in rekt price wise..

burning tether = btc dump

Can you explain the correlation?

This. The moment the burns start bots will start dumping

How low is Bitcoin dumping when the US government puts an end to the Bitfinex/Tether meme

Lol are you kidding me? There’s no more money keeping the btc price afloat

What was the price of btc in 2015 before tether started printing?

250. There’s your answer. We might actually dump lower temporarily on the panic capitulation

no more buying pressure basically
in October last year they they burned 1B USDT and btc crashed 1 month later

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Makes sense. Thanks.

I think it's gonna dump, maybe flash cash pretty low, but it will never go bellow 1k maybe not even 3k
like it or not there's a lot more retail money than in 2015 now, finex plan worked perfectly in 2017 they managed to create fomo, and get the normies to buy, not happening this time so far

They can just do this:
>Print 100m USDT
>Buy BTC for with 100m USDT
>Sell BTC for USD
>Now that 100m USDT is backed by 100m USD

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No brainlet, they can’t if the market sells into them, which is exactly what has been happening. They actually just end up with larger bags of unbanked tether.

For the scenario you described to unfold they would have needed another normie fomo bubble, but it hasn’t happened. They’re screwed

>Buy BTC for with 100m USDT
...and what happens to the guy who sold BTC and gained 100M USDT....when he tries to cashout to USD and can't does he complain? If so where is the evidence of those non-redeemable USDT's in the marketplace?
Oh, there is none....please post proof-of-skin to continue

USDT isn't backed 1-1 but it's still backed to some extend, so as long as everybody isn't cashing out at once it's ok
most peoples selling into USDT hope to buy back either alts or BTC cheaper

The thing is, you can’t even cash out USDT for USD. It was NEVER the case

It’s pretty insane that the market swallowed this bullshit

yes it was
until September last years when they really started having massive issue and peoples could not withdraw
because the supposed "banks" which loaned the money defaulted on them some flat out disappeared then there was the ones in Poland and Portugal who got raided and fund were confiscated
the situation is mess honestly

Holy shit, so at one point you could actually cash out usdt for usd? Lmao those days are never coming back. How the fuck has the market accepted this bullshit?

9 days until bitcoins hits $1000

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Moonbaby cope

I actually didn't mean to post an NPC with that. I really do think bitcoin is going to hit $1000

Thats the million dollar question.The only reasonable answer is that people are so deluded by the gold at the end of the rainbow, that they have collectively chose to ignore the scam.NYAG taking tether down will hit them like they wont believe.

Ok I’ll take back by insult then.

I’m covering at 250 bobros and not a penny more