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> who cares? Cryptocurrency markets are dominated by highly rational traders with deep pockets. Just because a bunch of newbies are buying 0.002 BTC on Coinba
by panarky 9y ago
> who cares?
Cryptocurrency markets are dominated by highly rational traders with deep pockets.
Just because a bunch of newbies are buying 0.002 BTC on Coinbase doesn't change that fact.
Highly rational traders with deep pockets do care. Getting hand-wavy talking about "irrational markets" doesn't adequately explain why Tethers trade at parity to USD.