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It seems to come up every time Tether is mentioned, so I will make a top level comment: do not short USDT/USD. You will not win. The only way you might (emphasi
by qeternity 5y ago
It seems to come up every time Tether is mentioned, so I will make a top level comment: do not short USDT/USD. You will not win. The only way you might (emphasis on might) short Tether is to be long off shore and short CME (I explain why in a comment further down).
- sydthrowaway 5y agoHow did you learn this stuff?
- qeternity 5y agoCareer hedge fund trader for the trading stuff. Twitter for the Tether stuff (Bitfinexd, Bennett Tomlin, Cas Piancey, Doomberg, David Gerard, and a few others).
- jcpham2 5y agoI never knew one of Trendons minions copied Bitcoinica and started BitFinex, thanks HN I sat in chat rooms with most of these crazy fucknuts a decade ago and that is frightening. Fun re reading old court transcripts yay
- sydthrowaway 5y agoHm, so they got rich and you didn't?
- jcpham2 5y agoDefine the word rich
- eutropia 5y agoIs it theoretically possible to be the last one holding the tether bag in the event of a crash (i.e, set a ridiculous ask price for BTC like millions of tethers each) -- and end up owning enough of the USDT (say like 50 Billion of them) to then sue Tether the company and its owners for their assets? (like the real USD money they make investing/skimming their actual holdings)