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Who isn't aware of it? The question is are you willing to short it? I've been expecting Tether to collapse for 3-4 years now. Had I shorted it back then (it co
by thw09j9m 4y ago
Who isn't aware of it?
The question is are you willing to short it? I've been expecting Tether to collapse for 3-4 years now. Had I shorted it back then (it costs about 12% to borrow last I checked), I'd be out a lot of money.
- suggestion 4y agoIt's hard to time the end of delusion and/or the speed of government bureaucracy
- rightbyte 4y agoThis "why don't you short it"-meme is stupid. If the broker have the money you sold the loan for as collateral for the loan, in their controll, they will keep your money if they collapses or in general scam you. They probably did not even sell the cryptocoins in the first place and just makes up the balance you have. Shorting is very risky even if you time it perfectly. Where I live it is not even legal for me to do it.
- amanaplanacanal 4y agoAs they say, markets can stay irrational longer than you can stay solvent.
- xtracto 4y agoExactly. I'm very pro-ethereum tech but still think it's been overpriced for some time. I "shorted" (via compound borrow/leverage) some and am still waiting for it to go down . Around $600 I feel is the correct price, i would close my positions at $800. But even with all the crap that's been happening, it doesn't go sub $1000... I'll keep waiting.
- treis 4y agoUltimately it's a false dichotomy. Tether can be a scam and have enough assets to back each USDT with a dollar. They've had a massive interest free loan for half a decade in a (until recently) huge bull market. You'd have to try really hard for there to be a significant shortfall.