Re:The trillion-dollar lawsuit against Tether
by JumpCrisscross on Monday November 04, 2019 @04:35PM
(#21446762)
> I wonder what this says about rationality and efficient markets today
There isn't an efficient market around Tether.
The exchanges that trade it are predominantly controlled by its backer. Fraud investigations in play make a short's gains at risk for clawback. (Or at the very least, creating a legal headache for their owner.)
There is no assurance that the end game isn't a crash in value, but no value, which makes closing out a short position difficult or even impossible.
I have traded securities my entire career. It's been pretty obvious, from the start, that Tether is a scam. I wouldn't short it.
Disclaimer: This is not securities advice. Don't buy or sell securities or currencies based on Internet comments.
There isn't an efficient market around Tether.
The exchanges that trade it are predominantly controlled by its backer. Fraud investigations in play make a short's gains at risk for clawback. (Or at the very least, creating a legal headache for their owner.)
There is no assurance that the end game isn't a crash in value, but no value, which makes closing out a short position difficult or even impossible.
I have traded securities my entire career. It's been pretty obvious, from the start, that Tether is a scam. I wouldn't short it.
Disclaimer: This is not securities advice. Don't buy or sell securities or currencies based on Internet comments.