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The market cares not what you think the value of an asset should be. By default, at some instant, the market is right. If you disagree, there are instruments wi
by eaurouge 4y ago
The market cares not what you think the value of an asset should be. By default, at some instant, the market is right. If you disagree, there are instruments with which you can express said disagreement and earn a profit for being correct.
By the way, the flow of Tether inbound is the flow of market participants purchasing USDT with cash equivalents. So sure, "the flow of dollars into the stock market is the only thing keeping META from its natural price of $5" is a statement anyone can make.
- arc-in-space 4y ago>If you disagree, there are instruments with which you can express said disagreement and earn a profit for being correct. What, in crypto? I thought no one in their right mind dares short this stuff due to counterparty risks.