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There are two sides to every trade. Who would be willing to give up their BTC and ETH for banned Tether?
by rcohngru 4y ago
There are two sides to every trade. Who would be willing to give up their BTC and ETH for banned Tether?
- JohnJamesRambo 4y agoMy experience in crypto tells me that there is usually always someone willing to be on the other side of the trade. People exiting Tether would still be exiting through a smaller and smaller door of BTC and ETH going up and up. More and more desperate to pay any price to exit Tether.
- JumpCrisscross 4y ago> there is usually always someone willing to be on the other side of the trade This is usually true in financial markets. When it's not, we call it a crisis.
- imtringued 4y agoBut at what price? Will tethers be sold to debt collectors for pennies?
- octoberfranklin 4y agoIf the crash is bad enough: Tether itself. Or Bitfinex, its parent. If they buy up their own debt at $0.01 on the dollar then they got away with their fractional reserving scheme, and their executives walk free. Free and very wealthy. There is always a clearing price. The question is simply "how low"?