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how you guys interpretate all this price swings with barely no trade volumen increase? i think the whole crypto narrative it's slowly dying, okay its ATH now,
by firekvz 2y ago
how you guys interpretate all this price swings with barely no trade volumen increase?
i think the whole crypto narrative it's slowly dying, okay its ATH now, but yeah, we still got this huge elephant in the room called tether and well u know
- eterpstra 2y agoI don't know. What's going to happen with Tether?
- tartoran 2y agoIt's backed on air. Not even hot air.
- eterpstra 2y agoSo I should not believe attestations by third parties because they are all lies then? https://tether.to/en/transparency/?tab=reports https://tether.to/en/transparency/?tab=reports I guess that would be not much different than Moody's lying about debt ratings prior to 2008.
- firekvz 2y agonoone knows, but the real question is why any govt hasnt done any significative investigation or attack on tether? the only explanation i see (from the US pov) is that they actually collaborating in deeper investigations so they let it coexist, otherwise it makes no sense how legitimated it is knowing that it's pure fake money and it's not backed up at all bitcoin wont be real till tether dissapears
- kranke155 2y agoTether has huge trust issues surrounding it, and might be little more than one of the greatest pieces of financial engineering in history. The best place to learn about this is Protos.
- sfmz 2y agoI expect they will continue to get obscenely wealthy off interest payments on their US Treasuries; Others have forecasted for many years that they will collapse to zero. https://www.investopedia.com/stablecoin-issuer-tether-reports-us-treasury-stash-first-half-of-2024-8686758 https://www.investopedia.com/stablecoin-issuer-tether-report...
- monero-xmr 2y ago"Crypto is dead, that's why it's more valuable than ever"
- airstrike 2y agoNominal price and value are not the same thing
- monero-xmr 2y agoEveryone is a fool but you I’m sure
- airstrike 2y agoI didn't say that. I merely pointed out what I perceive to be an issue with your use of "valuable"
- olalonde 2y agoFor an asset with no intrinsic value, it is. Just like the nominal price of USD and its value are the same thing.