Tether price manipulation

Re:Tether price manipulation by dgellow on Friday January 08, 2021 @08:17AM (#25684368)

Let's say you believe that Tether is a complete fraud and will crash the market at some point. How do you take advantage of this? I'm not myself trading, but I would be interested to know how that kind of short works in practice. From what I understand, that's what bitcoin futures can be used for?

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Re:Tether price manipulation by grapehut on Friday January 08, 2021 @11:35AM (#25686402)

kraken supports shorting tether against USD

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Re:Tether price manipulation by graeme on Friday January 08, 2021 @08:24AM (#25684440)

Cboe ended their bitcoin futures. As such there’s no way to bet on a bitcoin collapse that I know of, in a less risky options-like way.

Shorts (if they exist) would be extremely risky, as you owe more if bitcoin rises.

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Re:Tether price manipulation by otherjason on Friday January 08, 2021 @09:00AM (#25684770)

CME Group still offers Bitcoin futures, along with options: https://www.cmegroup.com/trading/bitcoin-futures.html

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Re:Tether price manipulation by graeme on Friday January 08, 2021 @10:31AM (#25685634)

Oh thanks. Where can you trade those? Couldn’t find them on questrade.

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Re:Tether price manipulation by csomar on Friday January 08, 2021 @11:24AM (#25686261)

The minimum for CME is 5 bitcoins ($200k). So I guess they are for the big dudes?

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Re:Tether price manipulation by cdiddy2 on Friday January 08, 2021 @09:03AM (#25684798)

CME has fairly liquid futures

https://www.theblockcrypto.com/data/crypto-markets/futures/a...

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Re:Tether price manipulation by hndudette2 on Friday January 08, 2021 @11:06AM (#25686035)

There's many bitcoin derivative exchanges which allow you to short, in addition to the CME's contract.

Bitmex, Huobi, etc.

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