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'But Mr. Krug, at Pantera Capital, said that if Tether were really being used by investors, they would probably also want to buy new Tether when the markets wer

'But Mr. Krug, at Pantera Capital, said that if Tether were really being used by investors, they would probably also want to buy new Tether when the markets were going up, which has not been the case. Also, they would not always want it in exact increments of $100 million, as has been the case. “After you see this enough times, you just start to wonder what’s really going on here,” Mr. Krug said.' I'd listen to the folks at Pantera, they are pretty sharp.

AznHisoka 9y ago
... and they happen to own several crypto hedge funds.. wonder what their strategy is if they think something suspicious is happening.
- thisisit 9y ago
  To spread FUD so that prices are lowered and they can buy coins cheap? Edit: So looks like attempt at humor lacked the /s tag attracting downvotes. So let me clarify, the answer to the above post asking "what will do they next?" If they believe in cryptocurrencies they will buy more if the prices are cheaper.
  - atomical 9y ago
    Keep your FUD accusations off Hacker News. This really is a cultish behavior in the cryptocurrency community.
  - hyprCoin 9y ago
    This reads like a conspiracy theory but please pause for a moment and consider why a financial company involved in cryptocurrencies would spread concern to a highly read news outlet. Either they: 1) Are scared that tethers can crash the market and want to flush things sooner than later or 2) It's part of a disinformation strategy to move the market where it's more profitable. There are very few rules and regulations around cryptocurrency so I'm betting on #2.
    - atomical 9y ago
      Because they are experts and by being right about predicting events in this market they can garner power and influence.
    - tinymollusk 9y ago
      or 3) it's a single individual sharing their opinion or 4) they believe it will help their overall reuputation after a crash, so customers who bought and got crushed will think "man if only I had listened to them" or 5) it's someone with a personal grudge against crypto -- they made a private market short with an accepting party or 6) it's space aliens who know crypto is the secret to super-luminal space travel and they want to sabotage humanity's efforts to reach the stars. There is very limited evidence to prove that it wasn't space aliens. That's all I'm sayin'.

AznHisoka 9y ago

... and they happen to own several crypto hedge funds.. wonder what their strategy is if they think something suspicious is happening.

thisisit 9y ago
To spread FUD so that prices are lowered and they can buy coins cheap? Edit: So looks like attempt at humor lacked the /s tag attracting downvotes. So let me clarify, the answer to the above post asking "what will do they next?" If they believe in cryptocurrencies they will buy more if the prices are cheaper.
- atomical 9y ago
  Keep your FUD accusations off Hacker News. This really is a cultish behavior in the cryptocurrency community.
- hyprCoin 9y ago
  This reads like a conspiracy theory but please pause for a moment and consider why a financial company involved in cryptocurrencies would spread concern to a highly read news outlet. Either they: 1) Are scared that tethers can crash the market and want to flush things sooner than later or 2) It's part of a disinformation strategy to move the market where it's more profitable. There are very few rules and regulations around cryptocurrency so I'm betting on #2.
  - atomical 9y ago
    Because they are experts and by being right about predicting events in this market they can garner power and influence.
  - tinymollusk 9y ago
    or 3) it's a single individual sharing their opinion or 4) they believe it will help their overall reuputation after a crash, so customers who bought and got crushed will think "man if only I had listened to them" or 5) it's someone with a personal grudge against crypto -- they made a private market short with an accepting party or 6) it's space aliens who know crypto is the secret to super-luminal space travel and they want to sabotage humanity's efforts to reach the stars. There is very limited evidence to prove that it wasn't space aliens. That's all I'm sayin'.