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A comment on Tether starting to lose its peg too, after Terra did. Parent comment

Re:Tether starting to lose its peg too, after Terra did by eric_cc on Thursday May 12, 2022 @11:46AM (#31355835)
> It's the greater fool theory.

Is BTC any more greater fool than USD? If so, why do you believe so?

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Re:Tether starting to lose its peg too, after Terra did by capitalsigma on Thursday May 12, 2022 @01:52PM (#31357622)
People don't buy USD to HODL, they spend it.
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Re:Tether starting to lose its peg too, after Terra did by eric_cc on Thursday May 12, 2022 @03:38PM (#31359239)
This is bullshit and you know it.

Source: savings accounts.

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Re:Tether starting to lose its peg too, after Terra did by capitalsigma on Saturday May 14, 2022 @09:53PM (#31384563)
Savings accounts are not speculative investments that are expected to appreciate over time. They are for people to store easily accessible money in, so that they can spend it in the future. Nobody is banking on selling their USD to someone else at a 2x markup in the future.
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