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Re:The Bit Short: Inside Crypto’s Doomsday Machine by ur-whale on Friday January 15, 2021 @06:03AM (#25789424)
>when tether is going down wouldn't you want to sell it thus creating pressure in btc/tether market

It will only create pressure on exchanges that allow you to actually sell USDT for BTC.

These will unfortunately be the same one that will likely go the MTGox route the quickest, leaving you a bag of virtual BTC that you can't withdraw.

Not your keys, not your coins, and doubly so for USDT.

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