Tether

Discussion in 'Cryptocurrencies' started by m22au, Dec 5, 2017.

  1. omfg! - How do I short the sheets out of it?
     
    #21     Dec 9, 2017
  2. m22au

    m22au

    #22     Dec 12, 2017
  3. Daal

    Daal

    I think I understand this more now. It can be a proxy for exchange instability. When your exchange keeps going down, you will want to move funds to another place. You can use LTC/BTC/BCH or Tether to do so. A lot of people will prefer tether because its more stable and carry little price risk short-term. Hence they push up the price to make these transfers
     
    #23     Dec 14, 2017
    m22au likes this.
  4. m22au

    m22au

    Looks like an important low of $0.9806 was reached on November 28, according to https://www.worldcoinindex.com/coin/tether

    If Tether breaks below $0.9800 then I'll be watching the Bitcoin price with even more interest - especially if the Bitfinex price moves to a large premium or discount to other exchanges.

    .
     
    #24     Dec 15, 2017
  5. m22au

    m22au

    #25     Dec 19, 2017
  6. m22au

    m22au

    It looks like Tether reached a low of 0.9730 according to Yahoo Finance (https://finance.yahoo.com/quote/USDT-USD?p=USDT-USD) and 0.9771 according to Worldcoinindex (https://www.worldcoinindex.com/coin/tether).

    Bitcoin at Bitfinex $15,402 versus $15,530 at Bitstamp. So no big discount at Bitfinex so far.

    .
     
    #26     Dec 21, 2017
  7. m22au

    m22au

    "Tether Confirms Its Relationship With Auditor Has 'Dissolved'"
    https://www.coindesk.com/tether-confirms-relationship-auditor-dissolved/
    Jan 27, 2018 at 23:43 UTC

    .
     
    #27     Jan 28, 2018
    Here4money likes this.
  8. Pekelo

    Pekelo

    A really good discussion on how Tether going down would effect a brokerage like Kraken:

     
    #28     Jan 29, 2018
  9. m22au

    m22au

    #29     Jan 30, 2018
  10. Here4money

    Here4money

    #30     Jan 30, 2018