U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether

Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by 3pt14159 on Tuesday January 30, 2018 @04:33PM (#16269258)

There are many traders that don't day trade. They set up a bunch of trades going forward a couple months and they just leave it. I've done this in the past. For example, you set up a bunch of buy orders starting at -25% of the current price and further down as it goes and a bunch of sell orders at +25% the price and a bunch up as it goes.

So then if you have volatility and you come back you can have double or triple your money. It's not a perfect system, but it's low work and you really only lose out if it goes to 0.

The problem with Bitcoin is that what do you sell it for? In many countries the only option is Tethers.

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Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by seppel on Tuesday January 30, 2018 @04:56PM (#16269460)

> They set up a bunch of trades going forward a couple months and they just leave it.

Yeah, why not. But does it explain the increasing demand for USDT? Why are they printing Tethers like crazy?

> The problem with Bitcoin is that what do you sell it for? In many countries the only option is Tethers.

The problem with Tethers is that what do you sell it for? The only option is BTC :)

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