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> The real mystery to me is why rational traders continue to buy Tether at $0.9926, less than 1% from parity with USD. Why wouldn't people sell? They are. Tak
by eunoia 7y ago
> The real mystery to me is why rational traders continue to buy Tether at $0.9926, less than 1% from parity with USD. Why wouldn't people sell?
They are. Take a look at the BTC spread between USD and USDT exchanges. (almost $300 atm) [1]
https://www.cryptocompare.com/coins/btc/markets/USD https://www.cryptocompare.com/coins/btc/markets/USD
- Canada 7y agoWell, every previous incident, those who bet against tether lost. Those who went long on tether picked up a nice quick profit and laughed at the fools on the wrong side of the trade. We'll see what happens this time.