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If you aren't sure Tether is good for it, why hold USDT at all? If you hold it, why sell it at every minute movement? That doesn't look like rational behavior,
by smsm42 4y ago
If you aren't sure Tether is good for it, why hold USDT at all? If you hold it, why sell it at every minute movement? That doesn't look like rational behavior, that looks like burning money. If you don't have risk tolerance or don't trust this asset - why own it at all?
- matthewdgreen 4y agoI suspect some people are forced to because they don’t have access to fiat banking through their exchanges. So Tether is their only way to move and store “dollars”. I would hope that we’d see adoption of better US-regulated stablecoins (and we have) but Tether remains sticky around the world.
- smsm42 4y agoThere are other stablecoins than Tether. And also, if you don't have any other options, what exactly you are selling USDT for? You must get something in exchange for it, not? So if you think that something is better, why didn't you use it at the first place? I could get it if it was a huge difference - USDT is at 0.50 or something - but if you sell at 0.995 then your preference for USDT was never that strong. For active money trader, it may make sense - if you manage billions, any tiny optimization in risk/reward can yield millions. But if we're talking about retail customer, it makes little sense.