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I think the most important thing to keep in mind is that EVERYONE knows Tether is a complete farce and this is already priced into the market.
by issa 5y ago
I think the most important thing to keep in mind is that EVERYONE knows Tether is a complete farce and this is already priced into the market.
- wmf 5y agoDoes that imply that "the market" would rise if Tether was eliminated? Why not do it?
- fastball 5y agoWell it would rise proportionally to the value of Tether eliminated, for no net gain, but at the cost liquidity across various exchanges, for a net loss.
- redisman 5y agoPriced in how and to what? Definitely not to tether
- issa 5y agoOne of the more common "bitcoin implosion scenarios" keeping people up at night has been Tether collapsing. Certainly that must be priced into crypto by now. The accusations and suspicions that it is not backed by hard currency have been around for years.
- 55555 5y agoTether trades at $1. How is your statement true?
- issa 5y agoI mean priced into the crypto market writ large.