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Tether starting to lose its peg too, after Terra did

community.intercoin.org

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Re: Tether starting to lose its peg too, after Terra did

#971

Post by danielmarkbruce »

nightski wrote: post #968
danielmarkbruce wrote: post #966

Earlier quoted context omitted.

Non accredited investors aren't allowed to invest in many things where the seller of securities is telling the truth. Most startups in the US under most scenarios cannot go around pitching non accredited investors. Other than that, lies and manipulation are part of the equation. It's a bad decision to blindly trust anyone or anything. You can't separate smelling bs from judgement. The whole concept of an accredited i…

That is more gatekeeping than anything. There are plenty of very risky plays available in the stock market.

Why are they gatekeeping? To protect people from themselves.

The SEC has a pretty ill defined set of risks they are trying to protect people from. People will find ways to lose their money if they don't have a general "wait, do I have a clue what I'm doing here?" filter.

Re: Tether starting to lose its peg too, after Terra did

#972

Post by ambrozk »

Spivak wrote: post #891
ambrozk wrote: post #882

Earlier quoted context omitted.

> can you really blame people for investing Yes, you can. You don't have to dig very deep into the crypto world to realize that a lot if not most of the participants have are not plain ol' honest folks making a big ol' mistake giving their hard-earned savings to a slick-talking salesman. They are conscious participants in what they know to be a get-rich quick scheme. They know it is shady, and they don't care, becaus…

> They are conscious participants in what they know to be a get-rich quick scheme. What do you think the slick-talking salesman was peddling back in the day?

What makes you think that peolpe who lost their money to slick-talking salesmen in the past were not also blameworthy?

Re: Tether starting to lose its peg too, after Terra did

#973

Post by naveen99 »

Even if tether bought only treasuries, if people then bought bitcoin and then sold those bitcoin to buy treasuries, and then treasuries went down in price due to rising interest rates, tether will become under collateralized…

I mean you can’t just lever up 2x on treasuries risk free… a 10x leveraged position on 30 year treasuries would have blown out an account within a few months…

Re: Tether starting to lose its peg too, after Terra did

#974

Post by capitalsigma »

eric_cc wrote: post #901
capitalsigma wrote: post #868

Earlier quoted context omitted.

People don't buy USD to HODL, they spend it.

This is bullshit and you know it. Source: savings accounts.

Savings accounts are not speculative investments that are expected to appreciate over time. They are for people to store easily accessible money in, so that they can spend it in the future. Nobody is banking on selling their USD to someone else at a 2x markup in the future.

Re: Tether starting to lose its peg too, after Terra did

#975

Post by NavinF »

renewiltord wrote: post #927
NavinF wrote: post #926

Earlier quoted context omitted.

I’d take 1:3 against that for $10. Replied above too.

Haha, that's too small a bet to be worth it. I'll forget. But I have a friend sitting right here who'll do it. Terms: - Tether loses it's peg => USDT/USD pair is at 0.8 or less for a 7-day continuous period on https://coinmarketcap.com/currencies/tether/ or https://www.binance.com/en/price/tether - You get thirty dollars if this happens by 00:01 Jan 1 2023 - He gets ten dollars if this has not happened by 00:01 Jan 1…

I accept. Ask him to email me so I have his contact too :)

Re: Tether starting to lose its peg too, after Terra did

#976

Post by progrus »

jcranberry wrote: post #694
progrus wrote: post #603

Earlier quoted context omitted.

We did not decide this. You are just pretending that this has been decided the way you like. FDR is long dead.

Yes we did. Otherwise we wouldn't have a concept of "non-accredited investors".

...who will instead invest their $20k life savings in beanie babies. The system is stupid, and we don’t all agree that it is the right way.
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