Why didn't you listen?

We posted multiple times yesterday. You laughed at us. This is going sub 9k.
The little pump to 10k was just to build liquidity.

Say goodnight bulls.

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Other urls found in this thread:

coinlib.io/global-crypto-charts
bloomberg.com/amp/news/articles/2018-12-18/crypto-mystery-clues-suggest-tether-has-the-billions-it-promised
twitter.com/tetherprinter?lang=en
twitter.com/AnonBabble

now how low is it going? my guess is $5-6k

We will have to wait and see the results of the finex hearing. If things are as bad as I and many other bobros suspect, we are going sub 3k this year.

The tether ponzi had to come crashing down at some point.

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I did listen and got rekt by that massive 11.2k candle.I'm legit just going to watch and see what happens, might buy again in the 8k region.

this is almost sexual

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Lmao imagine being stupid enough to think we'll ever see 3k again. This is just a pullback to the 20 week moving average at 7500 or so. Have fun missing another buying opp

lmao at the fact that ~9000 is now considered low. next year when BTC is sitting at 30-50k you're going to regret all your decisions in life. BTC has always gone up in the long term

> we just need to cool of for the next rally

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>this is a suckers rally
t. you

Bullrun is over. This is the confirmation of another year of bart moves.

My prediction is Bitcoin at 3 digits before EOY.

welcome to disbelief

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i did listen though. im sitting comfy in a cash position.

we way past that now, that was at 7k
now the bubble has popped again and the same people will just call it a pull back again

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>build liquidity
You sound stupid

zoom out faggot

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Shorting shitcoins every opportunity I get

lmao what? zooming out proves the bulls point further. bitcoin is up like 999999999% since 2014

also market cycles don't last 5-6 years

> he think buying an asset which went up 13 000 000 x in 10 years is smart

there were fundamental reasons for the 2017 crash. fees were exorbitant, bcash just forked and was launching a war against bitcoin, and a lot of exchanges stopped allowing people to sign up because of how popular it had become. nothing fundamental has changed like that to warrant an end of this bull run

Sell low buy high, bobo

Your TA is under the assumption that everything is ok with tether.

It's not. A tether collapse would see us go sub 3k easily.
The faster it comes, the better. A tether collapse is in everyone's interest in the long run. Institutions aren't touching btc until tether is gone and things are regulated. Then we'll have our golden bull run.

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yeah keep investing in things that don't go up. gl

>. nothing fundamental has changed like that to warrant an end of this bull run

2 days

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faggots

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You was not here in 2017 or you are just idiot.

2017 bull run was created with FIAT money from normies. This last bull run was created printing +$3b of Tether since January. Now they need to burn it and retards that bought this year will be scammed.

>Muh tether collapse

Enjoy getting liquidated.

>bulls so delusional that they acknowledge tether is a ponzi but somehow hope it will continue

yeah i'm sure having only 50% in cash to back your stablecoin is really healthy

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>tether collapses
>people panic sell their tether
what do they sell their tether for, bobo?

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>Mfw op is right but all the deluded TA fags are screaming about muh pullback and support lines

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yeah it's what happen last time there was a panic
then it dropped to 3k
except this time it might already be priced in and the fiats pairs will not follow at all

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yes and then what money continues the pump? new tether being printed is all that props up BTC. tether has been the absolute source of nearly all pumps within the last few months.

we would see a quick exit scam pump of a few thousand at most and then a massive dump to sub 3k

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Who will buy their worthless tethers retard?

tether was around in 2017 too retard

>tether has been the absolute source of nearly all pumps within the last few months.
there's no way to actually prove this. plenty of fiat has been going into the market as well. i know because i've been contributing my own measly amounts

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>there's no way to actually prove this.
LMAO

AHAHAHAHAHHAHAHAHAHAHAHAHHA

YEAH I'M SURE THERE'S MORE MONEY IN CRYPTO NOW THAN AT THE PEAK OF 2017

LOOK AT THE TETHER MCAP RETARD
THE MCAP OF TETHER HAS ALWAYS RISEN JUST BEFORE BTC PUMPS

it's confirmed they don't have anything close to 100% cash covering their coins. connect the dots. they're insolvent and the ponzi is over.

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have you ever heard of money flow charts ?
coinlib.io/global-crypto-charts

fucking clueless

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There is quite a bit more money in the market right now than at the peak of 2017. People are just paying lower prices for each coin. You don't really get how this shit works do you?

oh yeah the finex scam worked brilliantly in 2017 because they managed to create normie fomo and bring million of peoples to dump on them all the way to 20k
too bad normies aren't coming this time, they should have waited an other year but they got greedy or maybe they knew they were getting shut down ...

>There is quite a bit more money in the market right now than at the peak of 2017.
yeah, i'm sure that's why the mcap of tether is double than that of what it was in 2017?
you are so fucking low iq it's unbelievable

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retard, you know tether is also used as a stablecoin when people sell their crypto to put it in cash and then move it back into BTC or other coins. this chart does not mean printed Tether is going straight to buying BTC you mongoloid

>people buy tether in a bear market
wow that's fucking crazy dude
have you considered as well that there are more bears than in 2017 and more people choosing between btc and tether than in 2017? that is what happens when the market grows. Just because the valuation doesn't follow the exact same trend doesn't mean the market hasn't grown.

what happen when tether goes to zero and that 70% need to be supported by 30% of the market ?

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imagine defending this ponzi

it's literally known that they don't even have 50% cash to cover their coins. their cash equivalents are literally just BTC.

>the market hasn't grown.
it hasn't literally. there is not more money in crypto now than at the peak of 2017. the normie money has been scared out. the institutions still haven't stepped in (guess what, they won't until ponzis like tether are gone and crypto is regulated). you are beyond delusional if you think otherwise.

just remember that you were warned.

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there's not a single evidence that tether is backed they have literally never been audited except by themselves
on the other hand the NYAG investigation has dug up so much dirt and already proved that they were missing at least $850M in April, since then 1.5B more tether have been printed

zoom out idiot

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again, this assumes the tether ponzi will continue

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If this is accurate, then we are definitely revisiting 3k and maybe lower. Thanks user!

in 5 years you will be crushed. Tether has only been relevant for the past 5 years, only half of the near decade of btc dominance..

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Yeah because the amount of money being pumped in will increase a thousandfold just like that. Retard logic

they use any of the other 100 stablecoins instead?

>what do they sell their tether for, bobo?
Anything they can get

fomo will soon set in when more people realize halving is only 10 months ahead

>in 5 years you will be crushed
yes i agree but i'm not bearish on btc long term. i'm bullish as fuck for all of crypto. i'm still hodling a bag of link while shorting btc.

but there's no way in hell i can be bullish on btc in the short term while the tether ponzi still exists.

good luck covering the entire mcap of tether

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you really have no idea how this works. it's not about money being pumped in. it's about supply to the market being halved in 2020, therefore making it more valuable in price.

there's not enough volume how hard is it to understand

can any one of you faggot tether FUDsters provide me with the following:
1. proof that increases in tether supply predominantly precede BTC upswings, since I’ve never seen anything of the sort
2. a reasoning as to how exactly bitfinex was able to raise $1B from insiders (who presumably have more information) within 10 days, it the situation really is as dire as you like to postulate

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> 1. proof that increases in tether supply predominantly precede BTC upswings, since I’ve never seen anything of the sort
see pic
> 2. a reasoning as to how exactly bitfinex was able to raise $1B from insiders (who presumably have more information) within 10 days, it the situation really is as dire as you like to postulate
nobody backed anything, you still belive finex lies

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what are you even saying? people across exchanges sell their crypto for tether when they want to put their money into cash but there isn't a fiat onramp/offramp. if tether for some reason ceases to exist, another stablecoin will take its place. for example coinbase has USDC. there's also PAX. whatever

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>was able to raise $1B from insiders
you guys don't really believe this still? r-right?

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doesn’t that just imply demand for Tether increases as price increases? that would be a lot less of a stretch of the imagination, occam’s razor and all that.

also the bitfinex/tether situation is pretty straightforward. see pic. NYAG also definitely overstepped their bounds, fairly confident case will be thrown out next week.

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I actually personally know one of the main investors, so yes I do.

HOW FUCKING RETARD CAN SOMEONE TRULY BE
LISTEN FAGGOT I WILL EXPLAIN THIS TO YOU IN VERY SIMPLE THERMS SO YOUR TINY TINY BRAIN WILL GET IT THIS TIME

the market is a balance between seller and buyer
> on one side BTC holder wishing to sell
> on the other peoples with money or stable coin wishing to buy
now why does the price go up or down ? because there's unbalance either more seller or more buyer
now imagine that 70 FUCKING PERCENT of those seller vanish BECAUSE THE MONEY WAS NEVER THERE IN THERE FIRST PLACE well I would say that's a pretty fuckign bing imbalance now
they can't just go into other stable coin because they don't fucking exist

>source: dude trust me

i can't believe i'm saying this, but there might be unironic paid tether shills on here

>70 FUCKING PERCENT of those BUYERS vanish*

>source: dude they’re lying, trust me.

the only thing I don’t know is whether the NYAG case will be dropped or not. everything else can be considered pretty reasonably.

I guess you must just have a giant short open or somethings, idk.

>doesn’t that just imply demand for Tether increases as price increases?
you are saying there was more money in crypto during the bear market than the bullrun of 2017.
sorry but the normie money has disappeared over the last year and no institutions have stepped in.

if you want to stay delusional and believe finex lies, then go ahead.

i'm not the one who has to provide proof lmao

they're the ones who haven't been audited by anyone other than themselves

they are LITERALLY the embodiment of
>dude trust me, we didn't magically print most of our coin without backing

> oh look
are you ready for the bart UP

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so you’re saying they would risk everything they have, to commit a crime that they would know they could never feasibly get away with (over the long term), to make an (admittedly) huge amount of money in the short term.

I suppose people do dumb scams all the time, but that seems pretty unlikely imo.

isn’t tether much more widely used now than it was back then? when was it even added to binance for example

lmao literally seething.
link something that shows that 70% of tether isn't truly backed. also, if tether comes crumpling down, you'll be amazed how quickly people will move their funds into something else. the market might take a small hit but it won't be catastrophic.

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>isn’t tether much more widely used now than it was back then?
yes which is why the crash will be massive

link something that DOES
the burden of proof is on them you fucking retard. they haven't shown a shred of evidence that even 50% is backed. no one has audited them.

bloomberg reported that Tether looked fine

bloomberg.com/amp/news/articles/2018-12-18/crypto-mystery-clues-suggest-tether-has-the-billions-it-promised

you idiots can continue to drive yourselves crazy like the guy below, but this fud has been going on for years
twitter.com/tetherprinter?lang=en

I think you have your logic wrong there user. No one is disappearing. The buyers and the sellers are still there even if tether goes away. They just use a different coin if tether is gone.

the scam worked amazingly well in 2017 why not try again ?

> link something that shows that 70% of tether isn't truly backed
> I'm not even talking about that, you still don't understand what happen if tether is fucked
you're too fucking stupid i'm done

that doesn't prove anything lol
it has no concrete evidence

until an independent entity does a full audit of their finances, you can't say everything is fine

congrats on rage quitting.

i'm getting insane

so please explain to me what do you think happen when, all those peoples holding tether can't do anything with them ?
they have lost all their initial investment where does the money to replace all those now worthless tether come from ?

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>until an independent entity does a full audit of their finances, you can't say everything is fine
i agree a full audit would be ideal, but there is more evidence showing that things are fine than not fine at this point. therefore all this shit is FUD imo

Holy shit this looks promising, this will crash straight to 7.x only brief visit at the 8.x

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>but there is more evidence showing that things are fine
but there literally isn't. there is at least a billion or so that's unaccounted for. that's best case scenario.

tether won't go from $1.00 to $0.00 in a split second in your apocalyptic scenario. there will likely be news leading up to such an event, and time for people to move their tether into crypto or another stable coins, even if it's at $.90 or $.80. they may lose some money if tether crashes to $0.00 and don't get out in time, but it's not like an on and off switch.

I believe it’s 700 million, which is accounted for, just not in their control.

(Loaned to Bitfinex to cover frozen funds)

Can someone explain to me why banning tether would be bad for bitcoin? wouldn't all the people that are tethered forced to get out and buy bitcoin (or others) with it?

What am i missing here?

even if all $4billion tether was missing, that is 2% of the total crypto market cap. the markets wouldnt be affected at all in the long term

you’re not missing anything. it would definitely be a negative event, and would destroy some trust in the short term. but it would hardly be some catastrophic event.

Wouldn't that be speculators who got out of BTC in hopes of buying in lower? It sure would show as tether pump

did you even read through the thread kek

> it won't go that fast
who's gonna give you anything for tether if it's worthless ?

by the time the news spread there's a equal amount of tether holder and potential tether buyer learning it
sure a few lucky one will get out fast but the majority will get fuck and all this fake value will be lost

oh god you're so fucking dum, you just don't understand how and why the price move
it's astonishing really