All of you are morons

>muh Tether is about to go under
you've been spouting this for the past 2 years

those who want to get liquidated. cash is king

>Tether is about to go under
It's not

tether will likely, and unfortunately, survive for a while to come. but the fallout is going to bernie madoff level. maybe even more.

With the 90 day extra time before the hearing + creating of the dark pool where they can no longer track prints and burns, I find it highly unlikely it’s going down anytime soon

>a while
90 days nigger!

That’s gives us 90 days to make money off alts

I know tether is going under, that's why I need to know how to make money from fuck prostitute!

The sooner tether crashes the sooner my LINKY exude a most pungent aroma therapy.

Thank you sir

>Tether gets fudded
>people sell it for BTC
>BTC goes up

I'm good with that.

I've heard that in Jan 2017

could anybody for once explain in detail why tether would go down?

all i read is that its not backed by 100%, fiat at the bank is neither and ppl say the dollar is going down but it just doesnt.

Let’s say I own tether. Where can I redeem my tethers for dollars?

That’s right, nowhere. That’s all you need to understand to realize how absurd this ponzi has become

shitcoins will continue to moon randomly. ZBUX is about to 5x.

stay poor, no-coiner

Convert your tether ti BTC or your shitcoin of choice, wait for the next ponzi scheme and repeat

you can still buy anything you want or need with USD, try using tether to buy something beside crypto
that's the difference

tether is the crypto equivalent of paper money being printed because why the fuck not. except in this case, it props up the price of bitcoin artificially. fuckers on bitfinex then sell bitcoin for tether, and then buy bitcoin again at a cheaper price on a different exchange. rinse and repeat.
it fucks everybody over, and the community isn't concerned at all. at this point, it doesn't matter how much LINK or FTM you have.

Doesn't Kraken have USDT/USD?

Glad some rational people spoke up. I felt like inqas going ceazy for a second, theres not much talk about it, i saw a few big threads, i guess that was enough for everyone.

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Yed apparently you can short it, I dont think you can redeem them for actual bologna though if thats what you're asking.

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sell it to whomst?

>says the same thing people have been saying for years
>”this time it’s real, trust me”
Chicken little bitch

He meant they trade it back to exchanges.

Yea, normally I'd agree, but trump and munchkin recently came out and seemed like they were holding back some Jewish tricks up their sleeves. Prepare your anuses.

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yeah finex too
a pair mean that real peoples a supposedly buying USDT with USD, so even if USDT isn't backed you can cash out as long as it's not larges numbers

as long as there's no 3rd party audit on tether you'll be stupid to believe them honestly
in a completely unregulated market it's just too easy to create billion out of thin air

Forget about your fucking audits, WHERE CAN I REDEEM MY TETHERS FOR USD???

If it’s nowhere...HOW THE FUCK DOES THIS SHIT HAVE ANY VALUE?

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Muh digital gold!
Muh institutions!
Muh lightning network!
Muh halvening!
Muh scarcity!

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It fucking blows my mind that people still keep talking about audits

WHAT THE FUCK DO I CARE IF TETHER IS BACKED 1-1 WITH USD IF I CANT FUCKING CONVERT MY TETHERS FOR USD? WHAT THE FUCK CAN I BUY WITH TETHERS ASIDE FROM CRYPTO? ????

THIS SHIT IS ABSOLUTELY FUCKING *WORTHLESS*

shitty bait faggot
trying to turn a legitimate questions into a shitshow only furthers doubts in tether

Lmao go ahead and explain how it’s bait. I mean it 110%. Where’s your counter argument you fucking brainlet?

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Add this to the list
>Tether is going to go under

yawn. Tether is a chink vehicle to move USD around. It actually have a use case.

Yeah day to day Chinese/Russian capital control circumvention. Cool. Now if I hold tether and people start selling it en masse, what value will my tether bags have when the dust settles?

you're screaming like a fucking retard pointing out wrong fact to make legitimate question look stupid by association
your post are baits, you're just a tether shill

BLAH BLAH BLAH BLAH BLAH

Where can I redeem my tethers for USD? Go ahead and give me a step by step guide you fucking moron

doesnt finex give you real dollars for them? i thought this was the case, if it isnt then why the fuck did anyone ever use tether holy shit

Oh shit a wojak edit you showed him

>Go ahead and give me a step by step guide you fucking moron
you send them to kraken and sell them in their USD/USDt pair trade.kraken.com/markets/kraken/usdt/usd or you can do the same on bitfinex
cashing out isn't the issue with tether at least not with small volume. the issue is the backing and minting

Honestly law is fucking slow and Bitfinex was the reason of the 2017 bull run, if they die whos gonna pump our bags?

>trading for USD in a market with 3rd party buyers accumulating tether is the same thing

Holy FUCK this board is fucking retarded, no wonder this scam has been going on so long

Until I can go to TETHER itself and redeem for usd, and not through a secondary market, this shit is a SCAM

But you’re too fucking low iq to understand the difference anyways

it's still count as cashing out
you're asking the wrong questions

If I go to kraken and buy usd with my usdt on the usdt/usd market you mentioned, who is the counter party in that transaction?

Is it a 3rd party retail cuck or is it tether?

>a 3rd party retail cuck
that
and yes it count as chasing out just like it is for BTCUSD or other USDcrypto pairs

No it DOESNT COUNT YOU FUCKING IDIOT

if there’s a run on tether WHY WILL RETAIL BUYERS GIVE YOU USD FOR YOUR WORTHLESS TETHERS YOU STUPID STUPID FESTERING PIECE OF HUMAN GARBAGE

KILLYOURSELF

you can say the exact same thing about BTC
look I'm not a tether shill far from that, I think this shit is a scam but nobody in crypto really care because peoples don't use it to cash out, so asking how to cash out is the wrong question

if there is a run on tether the company that mints them will buy them to stabilze it just like they do it all the time to keep the price stable. nothing will happen to tether even if its not backed by 100%

>will buy them
with what ?

>comparing an independent self-standing asset/store of value to a coin DESIGNED to be redeemable for USD

you are a complete and utter brainlet man. You can’t tell your own head from your own ass in this space. Even if you don’t trust tether, you will still get rekt by this space in general because you have ZERO understanding of fundamentals and yet think you do

google tether and on their website exhange tether for usd

Tether threads are objectively the dumbest threads on biz. Even the shittest shitcoin pnd posters are right *sometimes*. Tether crash posters have been wrong CONSTANTLY for more than 2 years. You are never correct. Ever. Not even once.
How does it feel being dumber than REQ holders? Kek

>he doesn’t realize tether is just bringing the future digitalization of the US dollar to the present day without regulatory permission
>he doesn’t realize Libra was essentially the same thing

dollar at exchanges that have this pairing.
they do all the time, how else is the price stable at one dollar, tell me

because very little peoples actually cash out trough USDTUSD pairs so they don't need large amount to maintain the balance
if there's a real run and they need to buy 4 Billion tether the whole thing will just collapse, because they don't have that money

there is no way that this happens. even if they had the funds it would be impossible to get 4 billions into circulation instantly. but there is also no way that everybody holding tether instantly wants usd for it.

dont get me wrong, tether will exit scam one day but that will happen AFTER crypto has died and exchanges make no money any longer, all people sitting on tether then will be fucked.
tether wont be the death of crypto. i think it has use and makes things easier, after all a good tool for the whole crypto economy.

that's an interesting theory
don't see how this shit could collapse as long as they can keep pumping crypto and bait normies in. which they can with USDt

Until they can't.

nobody has power to stop them this whole market escape jurisdiction

No reply. Unsurprisingly kek