I have an account on the tether.io site and I'm verified to move between tether and fiat. I've never used it, but I mainly wanted to figure out if it was a legit service or not. I can't say 100% either that it is or isn't, but the level of KYC bullshit they made me deal with and the waiting period felt right for a legit monetary service company.
I find it fascinating the size of the corrections fueled by FUD that is so mathematically disproportionate. We've been in far worse situations before, hopefully posts like this will dissuade some of the fear and panic selling going on right now.
Interesting...
Bitcoin's price fell again just a few hours ago. Kinda made me scare coz I'm setting up to receive my next payment in btc and don't want to record a loss. Your article takes care of that. Even if it falls again, I'll just HODL and wait
All I can say is if I somehow turn out to be wrong on this, I literally have every dollar to my name in crypto right now, so take that for what it's worth.
lol, ya it felt like the ultimate kicker to all of the Tether FUD. Like why be upset that the token staking it's reliability on something we are trying to get away from is doing the same shit as the thing we are trying to get away from.
What I know is that when I looked at the relationship of printing USDT vs the BTC price; I noticed that way more often than not the price would rebound and stabilize. While I realize that the amount of USDT vs the amount of BTC is very low; they often print enough USDT to clear out big chunks of the order book.
Clearing the order book causes the price on one exchange to increase and then the arbitrage bots go nuts raising the price on the other exchanges back to or near the price on the inflated exchange.
Am I crazy? idk. BUt do your own research. I feel like we are being scammed on the price.
Keep in mind that if people want to exit tether they actually need to buy #Bitcoin or other $crypto. 🤔
I have an account on the tether.io site and I'm verified to move between tether and fiat. I've never used it, but I mainly wanted to figure out if it was a legit service or not. I can't say 100% either that it is or isn't, but the level of KYC bullshit they made me deal with and the waiting period felt right for a legit monetary service company.
Very interesting point.
And only a bit more than 1% of the Bitcoin market cap.
I find it fascinating the size of the corrections fueled by FUD that is so mathematically disproportionate. We've been in far worse situations before, hopefully posts like this will dissuade some of the fear and panic selling going on right now.
Interesting...
Bitcoin's price fell again just a few hours ago. Kinda made me scare coz I'm setting up to receive my next payment in btc and don't want to record a loss. Your article takes care of that. Even if it falls again, I'll just HODL and wait
All I can say is if I somehow turn out to be wrong on this, I literally have every dollar to my name in crypto right now, so take that for what it's worth.
I hope government and institutions will realize the importance of cryptocurrencies very quickly
Thanks for your insight. I just lol’d at this - USDT tokens that are not backed by fiat (which ironically isn't backed by anything itself)
lol, ya it felt like the ultimate kicker to all of the Tether FUD. Like why be upset that the token staking it's reliability on something we are trying to get away from is doing the same shit as the thing we are trying to get away from.
What I know is that when I looked at the relationship of printing USDT vs the BTC price; I noticed that way more often than not the price would rebound and stabilize. While I realize that the amount of USDT vs the amount of BTC is very low; they often print enough USDT to clear out big chunks of the order book.
Clearing the order book causes the price on one exchange to increase and then the arbitrage bots go nuts raising the price on the other exchanges back to or near the price on the inflated exchange.
Am I crazy? idk. BUt do your own research. I feel like we are being scammed on the price.