Why is tether still not trading at $1?
Why is tether still not trading at $1?
Isaiah Long
Alexander Sanders
because it's fraud..
Hudson Garcia
Paolo is testing the waters for the biggest exit scam of all time
Bitfinex is offering 30% apy to just hold your Usdt right now. meanwhile super whales have cashed out 10 billion since Luna blew up. we’re in the last days of east liquidity and leverage for crypto
Grayson Green
I hope this isn't true. I have my entire life savings in crypto.
Liam Edwards
Bro wtf are you retarded? Holy shit you idiot cash out now.
Grayson Smith
easy liquidity*
good luck lol
Dylan Martinez
I will never cash out. I've been all in crypto since early 2017 and I'm not about to change my mind now.
Samuel Jackson
It must be an algorithmic ponzi r---ight. The truth is terra didn't go down because of ponzi or algorithm. It was an attack and mass disinformation campaign.
Jace Jackson
uhh because, surprise surprise, bitfinex does not actually possess 80 billion dollhair
it has survived 10 billion in withdrawals in the past month which has been fucking amazing. i didnt think they had anywhere close to that
Julian Hernandez
You can buy back in dude. You're literally just being exit liquidity for whales. Wtf bruh
Adrian Torres
it was a mass INFORMATION campaign. people finally learned that you get your 20% apy on your locked luna from the other people who lock their luna after you.
they rob peter to pay paul
Jonathan Mitchell
>it has survived 10 billion in withdrawals in the past month which has been fucking amazing
It's completely normal and expected.
>i didnt think they had anywhere close to that
Because you're a moron.
Liam Long
No you can't. It's impossible to time the bottom so why would would I even try? We could literally be a the bottom right now or it could be 6 months from now.
Cooper Torres
Because we're still in fear mode
Isaac Richardson
Because it actually is and was even trading at 1.01 earlier and you are just a stupid fucking asshole.
Dylan Myers
ok then how much do they have exactly
Camden White
Cause its only 87% backed by USD. Pricing in.
Luke Phillips
>Bitfinex is offering 30% apy to just hold your Usdt right now
Source? None of their staking apys are nearly that high
Justin Cox
That's not why it went down. They didn't somehow not have the apy to pay. It's a staking coin. You get paid in more luna. You're just flat out lying here. It's objectively not a ponzi.
Zachary Cooper
>You get paid in more luna
yeah other people's luna that they deposited after yours lmfao.
Joshua Cook
based diamond hands poster
Angel Smith
Do you understand how proof of stake works? lol, you seem really out of scope here. Like you're missing fundamentals on the blockchain and how PoW and PoS work fundamentally.
Hudson Hall
>only 87% backed
kek i bet its not even backed by 10% usd
Cameron Nelson
Sold their BTC reserves to increase liquidity. Problem is that now Tether is like a hot potato.