I'm a cryptos believer, an eternal optimist The only way to invest in something that went from $0 to over $30K and not sell out completely is to have crazy stupid conviction and belief
One more time just to be clear, there is no need to redeem Tether for US $ to get the US $ in your hands If you want to get your $$$ back in your bank accounts, just sell the Tethers back to US $ on any exchange and wire the $$$ to your bank The spreads are extremely tight I see the posts over and over, there's not enough Dollar funds in Bitfinex account. DO NOT WORRY about it. Let the exchanges worry about it
Hey, I finally learnt how to pronounce Doge: "The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, took a jab at Dogecoin (DOGE) last week by referring to the memecoin as a Ponzi scheme, upping his rhetoric against cryptocurrencies. Kashkari’s comments were in response to a LinkedIn poll by Paul Grewal, the chief legal officer and corporate secretary of Coinbase, who asked his connections about the proper way to pronounce "Doge." “The right pronunciation is pon-zi,” Kashkari quipped."
We fully understand that tethers are not needed for redemption if one does not need it. The main point is that it was tethers that pushed cryptos to levels we have seen. Without tethers BTC could be sitting under 1K.
Myself and others I'm certain enjoy and appreciate your contribution to ET's crypto forum. Be careful though about conviction, it may not always be 100% correct, it's the blinkers which causes problems.
I'd consider shorting Tether except for not knowing how long I'd be making interest payments before it went bust. At this point, how does the hammer even drop on creditors wanting to redeem their Tethers directly?
Maybe they worry about the wrong things : https://www.google.com/amp/s/cointe...ested-in-connection-with-money-laundering/amp
So you would sell crypto for worthless Tether? IMO all the tethers would go into the market and prop it up. Maybe crash on news but then up.