NuclearFridge

A quick common sense remark about Tether FUD

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Why tether was traded below $1 for quite a while now? In case if there would be sudden money influx into tether and therefore tether price will spike and btc price will drop . Tether company, I don't care who they are really, if they are in it for the profit, they don't want bitcoin price to drop .
If tether algorithm does not allow to adjust quickly on the fly, they better keep tether always a bit lower than 1 USD. Even if it does allow quick adjustments, it does not matter. It's not some collapse, it just works as planned.

Comments

You mean from now USDT will spike and BTC drop?
+1 Reply
NuclearFridge sebtintinxx85
@sebtintinxx85, so far it seems tether avoids to hold price above 1.00 for long. So far it seems it will be a gradual steady return to the baseline that will allow price movement momentum in crypto to flow naturally.
+1 Reply
NuclearFridge sebtintinxx85
@sebtintinxx85, but yes, if they would decide to quit the market, which is Highly unlikely, then they, in theory, are able to influence price for shortterm profit. The thing is, even if they are actually scammers with no integrity, they are likely here for the longterm profit.

Sleep deprivation messes up my writing lol.
+1 Reply
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