12 ms·
The conventional wrong answer is to short USDT/USD on an exchange like Coinbase. The correct answer is to do a spread trade between BTC/USDT and BTC/USD since
by 323 4y ago
The conventional wrong answer is to short USDT/USD on an exchange like Coinbase.
The correct answer is to do a spread trade between BTC/USDT and BTC/USD since this is where the liquidity is.
The real answer for you is to stay away from this trade. If you need to ask how to do it, you obviously don't appreciate all the complications of such a trade. Remember that this trade will only make money if Tether implodes, and if that happens there will be crazy volatility all around, and you could end up losing money on a seemingly correct trade like shorting USDT/USD.
- csunbird 4y ago> The conventional wrong answer is to short USDT/USD on an exchange like Coinbase. Is it because the crypto-exchanges tend to go in maintenance mode when a coin is going down?
- samatman 4y agoMost important is that you have to time the implosion, there's no obvious way to make a bet on Tether's eventual disaster without reference to when it happens. So even if you consider it inevitable, backing that conviction with your own cash is a great way to get rekt.
- aaaaaaaaata 4y agoDo you have to know when, or just "when" in relationship to BTC movement?
- andrewaylett 4y agoAlso: who is going to take the other side of your trade, and do you understand why they would be willing to take that position?