It's up 14.07%

why do any of us exist?

nice, just bought 100k

...

>invest 100% into tether below 1.00
>sell 100% above 1.00
Literally free money.

why the fuck does tether change in USD value

can anyone explain how this works
is there actually a USD/USDT pair traded somewhere
or is it just because of the fact that the BTC price on bitfinex is heavily suppressed right now compared to other exchanges

anyone understand this shit???

you can do it on kraken. If I was in tether right now, i'd probably send some there

you understand it actually.

how do I profit off this

I have 20k tether on binance

move it into btc or bch - relative more btc per tether than ever.

okay thanks

but BTC still crashing... whalegate signaled it will test 12k

How do you think new tethers enter the market user?

WRONG
usd/usdt on kraken

well its doing that right on on bitfinex

what exchange was he referring to

right now*

buy low sell high

GDAX I believe

Underrated DMT-user post

literally who

We dont. It is all a simulation

There us no point in tether now. Exchanging cryptos is now a taxable event.

is tether fucked?

Only a fucking cuck would pay taxes on crypto-crypto trades. Use binance, hitbtc or bitfinex and no one will ever connect you to your unverified account

I regard it mainly as a safe haven to store the momentary dollar value and then trade back after it hits rock bottom.

omnichest.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL

Yes but exchanges can still list pairs with USDT, thus sidestepping all regulations and licences that come with listing fiat pairs.

IRS would come after you if you just cashed out 100k

tether was fucked when it was conceived in all honesty.

uhh... guys?

This is the only legit use of tether.

Right. So does everyone. And that works fine in a BTC bull market.

This bear market is going to kill USDT. Its now oversupplied relative Bitcoin's price and once BTC finds its floor sub $10k and begins to trade sideways USDT is going to be worthless.

pretty simple desu

>invent a crypto that is tied to dollar
>how much do you charge?
>1.00 doesn't net you anything
>1.15
>now it trades at 1.10
>but still tethered to usd

I don't know if i believe the printing shit actually
If there were more T than were backed by usd it would trade UNDER $1

Doesn't work like that, tether is worth 1 dollar by design.

Not true, because supply is fragmented between multiple exchanges and the crypto market is not at all efficient. Lots of anomalies between exchanges.

not if you just pay your capital gains taxes on it ya cheap fuck tinfoil hat loosers

you're right - inefficiencies abound
But if they were printing as much as is alleged, i think you would start seeing dilution

Now if they took their reserves and reinvested them in Tether... which may very well be what they are doing, That would be a clusterfuck

its an arb tool
nothing more nothing less
and lol at anyone paying attention to the buttfinexed idiots

lel kek ur dumb
see you on the flip side

No proof of that lol

>invent dollar-backed crypto
>have to keep 1-to-1 reserves
>reinvest reserves in tether
>free money

is this literally what they are doing?

are they not printing anymore?
tether.to/wallet-service-and-platform-update/

maybe they've just lost hope? : ^)

No, they keep nothing in reserve and print free money.

Cashout 100k
Give them 20k
Still beats working