Tether is expecting 700 MM profit in Q1

[M.W.]

Quite the oxymoron, "stable coin", stable from the perspective of the company perhaps that found a stable source of free of charge funding they can invest.

And here is again what I said earlier: the more I hear about this entire space the more I become convinced that this is all a giant hoax. I thought it can't possibly be that anyone with an IQ above 65 would invest in this utter garbage.and yet there are intelligent humans who partake.

Same with the billionaire art collector. I figured out that most don't have a better eye for art and saw things I did not, particular in modern art. In fact I am willing to bet most have zero relationship to the art they collect. It's either just that they have a lot of fuck-you money to place, or they collect this bs like others collect stamps,a pure obsession. In the same way I believe this crypto vacuum sucked all sorts of individuals in, stupid as shit and reasonably smart, all for different reasons, yet hardly for a logical one.

terher or any other stable coin is pegged to a dollar. It is used to buy and sell crypto across various crypto platforms Since non of these platforms can process fiat.


tether original claim was that for every tether they release there is 1usd in their bank. Once this lies was exposed they claimed that they are backed for commercial paper. When that fraud got exposed by Bloomberg (they called all major bank and no one ever saw tether trading a single commercial paper), they said they have no commercial paper.

essentially they just print fake money that all crypto platforms accept as if it is USD. It has been almost 9 years and not a single audit was released from reputable firm.

this is why crypto got to the levels it did. Stable coins represent like 80% of daily volume.

why regulators not shutting them down is a million dollar question.

 

[RedDuke]

Well, but they're not technically "printing" out of thin air. When traders like you and I buy Tether, we need to pay them with real money. For instance, if I want to buy 10,000 USDT, I need to fork over $10,000 (plus fee) from my bank account. It ain't like I get it for free.

correct you or I need to give them real money. But when they mint another billion and send it to a place like FTX you can bet FTX did not wire them billion.

 

[RedDuke]

Quite the oxymoron, "stable coin", stable from the perspective of the company perhaps that found a stable source of free of charge funding they can invest.

And here is again what I said earlier: the more I hear about this entire space the more I become convinced that this is all a giant hoax. I thought it can't possibly be that anyone with an IQ above 65 would invest in this utter garbage.and yet there are intelligent humans who partake.

Same with the billionaire art collector. I figured out that most don't have a better eye for art and saw things I did not, particular in modern art. In fact I am willing to bet most have zero relationship to the art they collect. It's either just that they have a lot of fuck-you money to place, or they collect this bs like others collect stamps,a pure obsession. In the same way I believe this crypto vacuum sucked all sorts of individuals in, stupid as shit and reasonably smart, all for different reasons, yet hardly for a logical one.

Art you can put in the wall and admire. I can endlessly look at Kandinsky paintings. There is something special in looking at original. Granted a lot of art purchase is indeed investment into hope that someone else will pay more.

 

[schizo]

And here is again what I said earlier: the more I hear about this entire space the more I become convinced that this is all a giant hoax. I thought it can't possibly be that anyone with an IQ above 65 would invest in this utter garbage.and yet there are intelligent humans who partake.

Listen, investing ain't about making a directional bet, hoping price will be higher tomorrow than today. It's more about finding people who are dumber than you. They're the ones who believe the price will be higher tomorrow than today.

 

[themickey]

Listen, investing ain't about making a directional bet, hoping price will be higher tomorrow than today. It's more about finding people who are dumber than you. They're the ones who believe the price will be higher tomorrow than today.

I 'invested' in crypto, not because I believe in it, I really don't know what to believe regarding crypto. Scam, legit, gawd only knows.
But the reason I bought, is because we're all dumb, and I'm betting to know when to exit, ie I'm tad smarter to know when to exit ahead of the rest of the dumbos.

I did promise to tell this board when to exit (bitcoin), it'll be a split second after I'm out.

 

[semperfrosty]

Which is exactly what you criticized for years, middle men who cream off a fat profit margin but sell the idea of cryptos as decentralized currencies that lower transaction cost. Lol. The moment you buy into it they are the good guys? You lost all my respect with this single post alone. When Pekolo starts investing in cryptos and their related companies it means we must have reached the top.

I bet he's a cab driver too!

Nothing changes.

 

[semperfrosty]

Quite the oxymoron, "stable coin", stable from the perspective of the company perhaps that found a stable source of free of charge funding they can invest.

And here is again what I said earlier: the more I hear about this entire space the more I become convinced that this is all a giant hoax. I thought it can't possibly be that anyone with an IQ above 65 would invest in this utter garbage.and yet there are intelligent humans who partake.

Same with the billionaire art collector. I figured out that most don't have a better eye for art and saw things I did not, particular in modern art. In fact I am willing to bet most have zero relationship to the art they collect. It's either just that they have a lot of fuck-you money to place, or they collect this bs like others collect stamps,a pure obsession. In the same way I believe this crypto vacuum sucked all sorts of individuals in, stupid as shit and reasonably smart, all for different reasons, yet hardly for a logical one.

Scarce or one of a kind products will always increase in value.

I own Bitcoin with speculative monies.If it went to one dollar tomorrow,I wouldnt be affected and I still know that it will have its time.

It does take 'fuck you money' to own a Da Vinci,and I guess its a flex when you rub shoulders with the uber wealthy but its a safe investment in many ways.I like that theyre smart enough to retain ownership but donate it to such and such gallery as an altruistic gesture.haha.All bases covered.

 

[semperfrosty]

I 'invested' in crypto, not because I believe in it, I really don't know what to believe regarding crypto. Scam, legit, gawd only knows.
But the reason I bought, is because we're all dumb, and I'm betting to know when to exit, ie I'm tad smarter to know when to exit ahead of the rest of the dumbos.

I did promise to tell this board when to exit (bitcoin), it'll be a split second after I'm out.

Dont get out at 50 Mick.

Take a deep breath and say "what would a dumbo do?" hahaha

 

[Pekelo]

There is something special in looking at original.

Yes, the price you paid for it.

 

[RedDuke]

Yes, the price you paid for it.

I love art and admire exceptional pieces.