Do you think those Tether niggas are going to jack up the printer?
>>59238463I don't see a world where this support trendline breaks (I hope it does tho). Mechanically speaking and fundamentally, Tether is supposed to mint to update demand to supply, there can't be sufficient demand that overruns the supply so this breaks. Literally would require going back to REALUSD centralization.
>funds leaving usdt and flowing into BTC and othershow does that relates to Jackup the printer?
>>59238595For this support to hold while the price of crypto grows Tether would need to mint a looot of usdt.This support has always hold and indicated tops for 5 years
>>59238620completely wrong. they can only mint as much tether as there is backing it. if i send money from my bank account to coinbase to buy bitcoin it doesn't mint any tether, but the bitcoin is still purchased. this line means nothing
>>59238474as opposed to Tether centralization
>>59238620market has changed because now usdt is ilegal in europe and usdc is not, so you now need to take into consideration.
>>59238463This implies Tether dominance will increase forever. You can't be this dense... Of course it will break.
>>59238695Is about a 3% increase every 5 years. Ofc it should eventually break, but it could hold for a long time yet.
>>59238687We can trade and hold usdt in Europe. Idk why people say it is illegal here.
>>59238727We are in the midst of most 'this time is different' cycle of Bitcoin's history. If it's breaking, I think it will be very soon, not five or ten years from now.
>>59238463its not gonna breakwe are just gonna crab along it like previous bullrun tops
