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Suspicions that Tether is a scam have existed for years at this point. There are countless articles and analysis pieces. Given all of that, why has this not aff
by axg11 5y ago
Suspicions that Tether is a scam have existed for years at this point. There are countless articles and analysis pieces. Given all of that, why has this not affected cryptocurrency valuations? There has to be a missing piece of the puzzle, since simply suspecting that Tether is fraudulent provides no edge.
- SubjectToChange 5y agoThe reasoning in your comment is a perfect example of why the Tether scam has not yet affected cryptocurrency valuations.
- Workaccount2 5y agoThere aren't enough smart/knowledgeable players in the crypto space (by trade volume). I think this fund is making the mistake of confusing crypto with a classical market. In the fiat space, smart money discovers issues and starts to move it's massive dominating weight. In crypto its mostly monkeys at keyboards. I feel that even if tether was 100% proven a scam consisting entirely of funny money, the monkeys would just shrug and be all "Well, it still does what I want it to". Whereas smart players would see the risk and avoid it. Markets are only as rational as their actors.
- aaaaaaaaata 5y ago> Given all of that, why has this not affected cryptocurrency valuations? Many believe it's one of the factors that is.
- Proven 5y ago