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Another $60M of tethers printed according to tether printer
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Poast new message in this thread
Date: February 14th, 2018 1:12 PM Author: cracking school
https://twitter.com/tetherprinter?lang=en
and market is risigin. holy shit
(http://www.autoadmit.com/thread.php?thread_id=3892966&forum_id=7#35401565) |
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Date: February 14th, 2018 2:17 PM Author: cracking school
ur guess is as good as mine, but my opinion is that you can ride the swings up while the tether printer is a-humming, then exit once there is any sign of instability. momentum trading is less optimal (you dont maximize the amount of money make), but also can help save you from another inevitable 40% downturn when the printer turns off
in general i would not advise going/hodling all in until the tether thing is cleared up and there is a massive correction from that
but this shit is all tea leaves anyway so who knows
(http://www.autoadmit.com/thread.php?thread_id=3892966&forum_id=7#35402130) |
Date: February 15th, 2018 9:21 AM Author: Beady-eyed sticky digit ratio sound barrier
When Tethers are printed, are they used to directly buy BTC? Or are they put in people's accounts that buy the Tethers?
What happens during a crash when everyone tries to Tether? How doesn't it get more out of whack than rising to $1.10 or so?
(http://www.autoadmit.com/thread.php?thread_id=3892966&forum_id=7#35408072) |
Date: February 15th, 2018 9:56 AM Author: Mewling Stage Laser Beams
The Tethers model absolutely allows for a 1:1 backing to USD.
The only real time question for me is whether Tethers/Bitfinex are doing shady shit with their money and/or BTC behind the scenes. Knowing crypto, I wouldn't be surprised.
As I said in another thread, the Tethers model allows them to make money when Bitcoin rises. My question is whether they sell their BTC immediately to ensure the 1:1 backing, or if the market is declining, do they sit on the BTC and wait for it to bounce back.
(http://www.autoadmit.com/thread.php?thread_id=3892966&forum_id=7#35408250) |
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