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The question is who are all those USDT buyers in this scheme. And, assuming the trades are voluntary, why should we worry much about these rich investors?
by bufferoverflow 9y ago
The question is who are all those USDT buyers in this scheme.
And, assuming the trades are voluntary, why should we worry much about these rich investors?
- hedonistbot 9y agoBitfinex and some other exchanges list their crypto prices in USDT and most people trading on their platform probably don't realise this is not dollars. So there's your guaranteed demand. As long as those buyers HODL there is no pressure on USDT.
- TheCoelacanth 9y agoIf they are people who are being defrauded into believing that they are selling bitcoin for USD when they are actually selling it for USDT, then yes we should be worried because fraud is a crime.