Unusual market cap drainage at Paolo's house.
FTX turmoil seemed to have an impact on a 'stable' coin.
FTX turmoil seemed to have an impact on a 'stable' coin.
Tether drainage
- Thread starter guest_trader_1
- Start date
Nah, that has nothing to do with 'dollars leaving the system'. It is more related to a drop in the demand to buy other coins.
Deploying more capital - steady lads
All crypto is a ponzi scheme.
If you are going to deploy capital Tether is safe, how much will be that? 20 quid?
Very useful at first. A great tool for to the shadow economy.
Tho, it's fame is becoming it's own doom, ironically. More regulations since it's more popular.
Shadow ain't gonna like that. And the remaining flow from dumb money, will that be enough to keep it alive ?
@Daivid Donner No I don’t agree that all crypto are ponzi schemes. It is a risky investment but definitely not a ponzi.
Audit, keeps getting pushed back..
https://www.thestreet.com/crypto/news/tether-delays-timeline-for-full-financial-audit
https://www.thestreet.com/crypto/news/tether-delays-timeline-for-full-financial-audit
For a ponzi to work you have to have an investment with no value or an inflated value and pay the old investors with money from new investors. Sounds a bit like crypto. In order for you to make money there has to be a investor who is willing to pay more than you did.