Re:The Bit Short: Inside Crypto’s Doomsday Machine
by dragonwriter on Friday January 15, 2021 @06:35AM
(#25789655)
> But it's not clear to me that pumping being taken away would be a bigger change than people trying to get out of USDT and buying BTC
People trying to get out of USDT into BTC because the USDT:USD parity assumption collapses will boost BTC:USDT prices, but probably not enough to avoid dropping BTC:USD, because it would be less than the USDT:USD drop, is the idea.
People trying to get out of USDT into BTC because the USDT:USD parity assumption collapses will boost BTC:USDT prices, but probably not enough to avoid dropping BTC:USD, because it would be less than the USDT:USD drop, is the idea.