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General Discussion / Re: Bitshares price discussion
« on: February 06, 2018, 06:34:38 pm »Well if I understand it correctly: Those selling their crypto for tether will end up with "money" worth nothing as always in history.Please do keep in mind that this whole general pump is largely fueled by the Tether scam ...
You were right more than you may have realized! USDT from tether is a massive sell off for Bitcoin, Bitshares, many different currencies everywhere.
https://news.bitcoin.com/bitfinex-printed-one-third-usdt-receiving-subpoena/
All you have to do is look for any Market on coinmarketcap.com that has a USDT trading pair... everyone is liquidating USDT and trading it for other coins and then most probably doing withdrawals back to fiat.
Likely enough. I quit using USDT a long time ago, a while before I quit using BitUSD (because we have some whales who are dancing awfully close to undercollateralization and black swans).
I'm absolutely shocked that the Tether people have been able to maintain USDT-USD parity for so long without even the illusion that USDT can be redeemed for USD. Seems like by now we'd start to see BTC/USD and BTC/USDT prices diverge, but they've been pretty well locked together for months. Blows my mind.