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Why would anyone buy a Tether? Are people getting into cryptocurrencies really that clueless? I can see the idea behind bitcoin, that somehow it can hold value
by catbird 9y ago
Why would anyone buy a Tether? Are people getting into cryptocurrencies really that clueless? I can see the idea behind bitcoin, that somehow it can hold value due to its inherent scarcity and high demand. But if the Tether supply is unlimited and controlled by a single company, how could anyone possibly believe it would hold its value?
- ttul 9y agoYes, they are THAT clueless. This is “Boiler Room” x 1,000
- clark-kent 9y agoMost exchanges that trade Tether display it in a way that makes users think its actual fiat USD.
- lingben 9y ago> Are people getting into cryptocurrencies really that clueless? short answer is YES, people getting into cryptocurrencies really are that clueless. take for example that the vast majority who opened new accounts at coinbase didn't realize that you could buy fractional shares of bitcoin and therefore assumed since they couldn't afford bitcoin at 1BTC at around $15k they opted for altcoins https://www.reddit.com/r/Bitcoin/comments/7femm2/many_people_dont_realize_that_you_can_buy_a/ https://www.reddit.com/r/Bitcoin/comments/7femm2/many_people...
- chx 9y ago> Are people getting into cryptocurrencies really that clueless? I have bad news for you... YES. Check http://supercoolawesomemoney.com/ http://supercoolawesomemoney.com/