Tether is not really competing with the Fed They take in 100% fiat from their customers before printing The Fed just adjusts the numbers on the computer
Did you just say something? All of your Tether postings is now poo poo, and that's the smartest thing you could come up with? Game over bud, you talking out of your ass this whole time with nothing to back it up with.
Most likely due to the constant braying on and on with no skin in the game. Just short Tethers and/or BTC and make bank, this is a TRADING forum afterall.
I have skin in the game and own Ether. Planning to buy more if it drops below 2K. you do not short something that can be created out of thin air with no limits.
You know that when ETH launched it was 2000 ETH for 1 BTC, yes? A position in ETH is a derivative of BTC.
The only reason why I buy crypto is to have some exposure to this "asset" class. I think its current valuation is house of cards, but since no regulator touches tether, why not put small part of portfolio into crypto. If I loose it all no big deal. I am algo futures trader and most of my money come from there.
If Tether is full of value why not hire 1 of big 4 for audit? If Tether is full of value why not a single trading desk ever saw them trading a single commercial paper that they claim to hold??? At 80 billion they would be top 10 commercial paper holders in the world. Care to answer above?
They've already been investigated. Why don't you ask the FBI or the attorney general why they haven't made an arrest yet? Can't always believe everything you read on the internet man...