Shorting Tether for Fun and Profit

Re:Shorting Tether for Fun and Profit by wmf on Sunday January 08, 2023 @02:31PM (#34302252)

Gold is also speculative and it's much larger than BTC. I hate crypto but $100K BTC is completely possible.

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Re:Shorting Tether for Fun and Profit by eli on Sunday January 08, 2023 @04:16PM (#34303217)

Anything’s possible but gold is useful and has intrinsic value. Bitcoin isn’t very similar. I don’t think one implies anything about the other.

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Re:Shorting Tether for Fun and Profit by mancerayder on Sunday January 08, 2023 @07:39PM (#34305204)

Gold used for jewelry or industrials is a fraction of the overall yearly production of gold though. So it's mostly used as speculative instrument to store value (assuming this sentence is allowed with those two clauses together).

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Re:Shorting Tether for Fun and Profit by andirk on Monday January 09, 2023 @12:18AM (#34307059)

Gold is by far mostly used as a store of value. Bitcoin is by far mostly used as a store of value. Next.

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