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Everytime tether goes 0.99c these wishful thinking threads appear. No thread is created when the value is 1.01. Perhaps those fluctuations are the norm price on
by irusensei 4y ago
Everytime tether goes 0.99c these wishful thinking threads appear. No thread is created when the value is 1.01. Perhaps those fluctuations are the norm price on exchanges?
I’m not defending tether (I’m going to be downvoted to oblivion anyway because these types of threads are based on spite rather than logic) but it always have the “raises fist this time I got you spider man” vibe.
- zinekeller 4y agoActually, it went to ~0.95 (and apparently went 0.93 on a single exchange). 0.99 is not really significant (and is usually not pointed out anyways). Correct me if my data is incorrect, but checking on historical data it seems that (except for its early days) Tether didn't went above 1.02, so that's maybe the reason that all of reports were dips?
- evdubs 4y agoSure, it's FTX, but Tether traded up to $1.20 yesterday. https://ftx.com/intl/trade/USDT/USD https://ftx.com/intl/trade/USDT/USD
- evdubs 4y agoTo add to this, USDT:USD reached $1.20 on FTX yesterday, and has spent most of today and yesterday above $1.01 with around ~$10M trading every hour. Even though FTX has halted withdrawals and is presumed dead, this type of trading activity is useful in understanding how stablecoin markets perform under extreme stress. https://ftx.com/intl/trade/USDT/USD https://ftx.com/intl/trade/USDT/USD