Why is Tether price skyrocketing?

t-time to print more baka

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exit scam

people taking profits from ltc and eth...

You guys said tether was USD.
But why is it so volatile?

Demand. It doesn't have regularly scaling inflation rate (just occasional large infusions) so when they stop the printing press, the supply is squeezed.

Is this why exchanges that only have Tether like Binance are like 2000 under GDAX?

So, that means a crash is coming?

because it is better than the dollar

>1.07
yes and a pretty big one

for tether or bitcoin?

All the markets.

if tether doesnt print more everything
were almost at 900m tether only 100m more for a billion kek

btc or fiat or tether? or the housing market?

neo will rise

Objectively what is wrong with holding tether during a bitcoin crash to say 6k? I don't want to cash out and get tax cucked

Only if tetherbears don't print more of tether. Which they will like always however considering it is SUPPOSED to be backed by the usd at an equal rate, means that we're on a slippery slope since their contract says they hold only 300m. It's 870m and market cap climbing to 900m.

nothing.
unless tether implodes

On sites like coinbase you can simply sell and hold your money in your account, not actual cashing out. However I don't know the laws in your country maybe you will get taxed for doing that too.

Even if tether imploded btc would be fine. What are people gonna do.. Cashout? AHHHAHAHAHAHAHAHHAAHAHAHAHAAHAHAHAHAHAHAGAHAHAGAGAGAHABAVABHAHAHAHAHGAHAHHAHAAHAHA

well problem is now they got 7% of 839m not backed by anything
and they cant print it since theyre always going on about how everythin is backed by real money
to lazy to do math on how much money they need to print to curb the growth

hope you can pay your rent in tether

nasdaq. com/article/bitfinex-critics-prepare-for-possible-legal-action-after-cryptocurrency-exchange-lawyers-up-cm887214

this broke a few days ago. since then tether volume is double the average daily volume for the last 30 days

time to panic sell USDT for BTC