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I dont understand that: 1. So someone sells (potentially) worthless Tether for Bitcoin, ok. 2. But who is selling his Bitcoin for Tether in these volumes? Min
by Ulrich2 6y ago
I dont understand that:
1. So someone sells (potentially) worthless Tether for Bitcoin, ok.
2. But who is selling his Bitcoin for Tether in these volumes? Miners need to sell for cash to finance their operations.
- deleted 6y ago[deleted]
- ur-whale 6y ago> But who is selling his Bitcoin for Tether in these volumes? Miners need to sell for cash to finance their operations. I suspect there are exchanges where the BTC/USD pair does not exist, only BTC/USDT (Bitmex comes to mind). In which case, if you want to trade in and out of BTC/USD, Thether isyour only choice. I'd love to hear if people can easily withdraw actual USD from semi-shady exchanges such as BitFinex, Binance, etc... [edit]: and I agree with you, I wouldn't buy a USDT even if my life depended on it.