3 ms·
> A number of exchanges don't actually trade $/BTC they trade USDT/BTC It's even worse: a number of exchanges use a pegged USDT/USD price of 1 and transparentl
by qeternity 9y ago
> A number of exchanges don't actually trade $/BTC they trade USDT/BTC
It's even worse: a number of exchanges use a pegged USDT/USD price of 1 and transparently comingle BTCUSDT and BTCUSD markets.
- JohnJ71 9y agoOnce USD Bitcoin buyers will realise that other buyers are buying Bitcoin with (possibly) fake money (USDT), they will SELL and SELL