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Tether Withdrawals Top $10B

cnbc.com

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Re: Tether Withdrawals Top $10B

#11

Post by medo-bear »

thematrixturtle wrote: post #6

> “Whenever there’s a failure or a catastrophe in crypto, the fear is always that someone will misread the situation and overcorrect in a position that’s not helpful for the entire community writ large,” This statement is all kinds of amazing: * Casual use of the phrase "whenever there's a catastrophe in crypto", since there really is one every few days * "Misread the situation and overcorrect" --> read: taking their…

> This statement is all kinds of amazing:

> Casual use of the phrase "whenever there's a catastrophe in crypto", since there really is one every few days

in some sense crypto's resiliance against so many catastrophies is amazing. if this was USD we would be at WW10 and two October revolutions by now

Re: Tether Withdrawals Top $10B

#12

Post by swarnie »

tablespoon wrote: post #2

Don't listen to the haters, Tether is going to the moon! Now is a great to invest, so you can get in on the ground floor. /s

You have an extremely lucrative career as a youtube finance guru in your future.

Remember to only lease the Lambo for a few hours just to get the b roll you need. If you adjust the lighting you can keep using that footage for months.

Re: Tether Withdrawals Top $10B

#13

Post by ragebol »

thematrixturtle wrote: post #6

> “Whenever there’s a failure or a catastrophe in crypto, the fear is always that someone will misread the situation and overcorrect in a position that’s not helpful for the entire community writ large,” This statement is all kinds of amazing: * Casual use of the phrase "whenever there's a catastrophe in crypto", since there really is one every few days * "Misread the situation and overcorrect" --> read: taking their…

* "Someone will ... overcorrect" would mean that someone has a lot of power to set outcomes. Does not sounds very decentralized.

Re: Tether Withdrawals Top $10B

#14

Post by sgt101 »

medo-bear wrote: post #11
thematrixturtle wrote: post #6

> “Whenever there’s a failure or a catastrophe in crypto, the fear is always that someone will misread the situation and overcorrect in a position that’s not helpful for the entire community writ large,” This statement is all kinds of amazing: * Casual use of the phrase "whenever there's a catastrophe in crypto", since there really is one every few days * "Misread the situation and overcorrect" --> read: taking their…

> This statement is all kinds of amazing: > Casual use of the phrase "whenever there's a catastrophe in crypto", since there really is one every few days in some sense crypto's resiliance against so many catastrophies is amazing. if this was USD we would be at WW10 and two October revolutions by now

Yeah, but notice, it isn't.

Re: Tether Withdrawals Top $10B

#15

Post by mb7733 »

medo-bear wrote: post #11
thematrixturtle wrote: post #6

> “Whenever there’s a failure or a catastrophe in crypto, the fear is always that someone will misread the situation and overcorrect in a position that’s not helpful for the entire community writ large,” This statement is all kinds of amazing: * Casual use of the phrase "whenever there's a catastrophe in crypto", since there really is one every few days * "Misread the situation and overcorrect" --> read: taking their…

> This statement is all kinds of amazing: > Casual use of the phrase "whenever there's a catastrophe in crypto", since there really is one every few days in some sense crypto's resiliance against so many catastrophies is amazing. if this was USD we would be at WW10 and two October revolutions by now

> in some sense crypto's resiliance against so many catastrophies is amazing. if this was USD we would be at WW10 by now

Because USD is actually used as a currency...?

Re: Tether Withdrawals Top $10B

#16

Post by steve_mcdougall »

cycrutchfield wrote: post #4
Ekaros wrote: post #3

Earlier quoted context omitted.

No, no, it's stable coin. You see 1 USDT will always be 1 USDT. That is what stable coin means and is doesn't it? That is you can always redeem one USDT for one USDT(terms and conditions might apply)...

Nah you can also redeem 1 USDT for some Evergrande debt as well

They said 1 USDT is tethered to 1 USD. They didn't tell you if it was positive 1 USD or negative 1 USD.

Re: Tether Withdrawals Top $10B

#17

Post by oblio »

medo-bear wrote: post #11
thematrixturtle wrote: post #6

> “Whenever there’s a failure or a catastrophe in crypto, the fear is always that someone will misread the situation and overcorrect in a position that’s not helpful for the entire community writ large,” This statement is all kinds of amazing: * Casual use of the phrase "whenever there's a catastrophe in crypto", since there really is one every few days * "Misread the situation and overcorrect" --> read: taking their…

> This statement is all kinds of amazing: > Casual use of the phrase "whenever there's a catastrophe in crypto", since there really is one every few days in some sense crypto's resiliance against so many catastrophies is amazing. if this was USD we would be at WW10 and two October revolutions by now

I think the kids call this "copium".

The only reasons crypto is so "resilient" is that there are so many of them to fail and most of the money invested is from speculation and crime and both sources kind of expect to lose it.

Re: Tether Withdrawals Top $10B

#20

Post by medo-bear »

sgt101 wrote: post #14
medo-bear wrote: post #11

Earlier quoted context omitted.

> This statement is all kinds of amazing: > Casual use of the phrase "whenever there's a catastrophe in crypto", since there really is one every few days in some sense crypto's resiliance against so many catastrophies is amazing. if this was USD we would be at WW10 and two October revolutions by now

Yeah, but notice, it isn't.

there is a crisis in the usd though. it is fast losing its status as world reserve currency and coincidentally today we are at a footstep of ww3 ;)
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