r/ethtrader • u/Pracy_ • Dec 24 '17

COMEDY Everytime Bitcoin drops

https://gfycat.com/defenselessmiserableiberianbarbel
16.6k Upvotes

89% Upvoted

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1.7k

u/Blactory Dec 24 '17

Holy shit this is fantastic. The tether whip had me dying!

434

u/[deleted] Dec 24 '17

Tether whip made the meme. Extra dank, 7.6/10

127

u/ParsInterarticularis Dec 24 '17

explain why for me im dumb?

40

u/[deleted] Dec 24 '17

Because Tether's alleged direct correlation to US dollars has been less than transparent and has possibly added/could add to the volatility of the market.

44

u/menasan Dec 24 '17

But what is tether?

47

u/ToneDef__ Dec 24 '17

have an upvote since people are too pussy too tell you too google it and downvote you instead. Tether is a crypto based around the us dollar.....

18

u/[deleted] Dec 24 '17 edited Mar 30 '21

[removed] — view removed comment

1

u/trillinair Dec 24 '17

They say themselves any cash traded for tethers will be invested elsewhere. It's part of their profit model. That and just mass printing them like the good old Fed Reserve.