Tether (USDT) price falling to $0.95
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Tether (USDT) price falling to $0.95
1–10 of 95 posts
Re: Tether (USDT) price falling to $0.95
#2Isn't this an easy opportunity for arbitrage? Assuming it goes back up to $1. I thought that was the whole point of fiat-backed crypto?
Re: Tether (USDT) price falling to $0.95
#3Isn't this an easy opportunity for arbitrage? Assuming it goes back up to $1. I thought that was the whole point of fiat-backed crypto?
Yeah. But like. How backed is it really.
Re: Tether (USDT) price falling to $0.95
#4Isn't this an easy opportunity for arbitrage? Assuming it goes back up to $1. I thought that was the whole point of fiat-backed crypto?
The price being this low should mean that the market thinks there's a chance it won't go back up to $1.
Re: Tether (USDT) price falling to $0.95
#5Isn't this an easy opportunity for arbitrage? Assuming it goes back up to $1. I thought that was the whole point of fiat-backed crypto?
I got a coin “HNcoin”.
I deem it worth $1.00! why? because I said so.
I will sell it to you for just 95c
Easiest arbitrage opportunity.
Re: Tether (USDT) price falling to $0.95
#6Isn't this an easy opportunity for arbitrage? Assuming it goes back up to $1. I thought that was the whole point of fiat-backed crypto?
Assuming it goes back up to $1
That is a massive assumption, that very few people seem to currently hold.
I thought that was the whole point of fiat-backed crypto?
More and more people are starting to doubt that it actually is backed by anything.
Re: Tether (USDT) price falling to $0.95
#7Isn't this an easy opportunity for arbitrage? Assuming it goes back up to $1. I thought that was the whole point of fiat-backed crypto?
Assuming it goes back up to $1 That is a massive assumption, that very few people seem to currently hold. I thought that was the whole point of fiat-backed crypto? More and more people are starting to doubt that it actually is backed by anything.
That makes sense. Definitely sounds like there might be something fishy going on.
Re: Tether (USDT) price falling to $0.95
#8Isn't this an easy opportunity for arbitrage? Assuming it goes back up to $1. I thought that was the whole point of fiat-backed crypto?
> I thought that was the whole point of fiat-backed crypto?
That is a key point of fiat-backed crypto. Whether Tether is an example of fiat-backed crypto is another question entirely. :)
Re: Tether (USDT) price falling to $0.95
#9This also caused the price of bitcoin to go up https://www.forbes.com/sites/billybambrough/2018/10/15/bitco...
Re: Tether (USDT) price falling to $0.95
#10Isn't this an easy opportunity for arbitrage? Assuming it goes back up to $1. I thought that was the whole point of fiat-backed crypto?
The fact the Tether who issued USDT for presumably something around $1 aren't buying it back themselves for an easy profit should tell you something.