No offense but stick to what you’re good at and keep making jokes that autistic bitcoin maxis can’t understand.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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What if people don’t want to sell USDT for USD but instead trading USDT for BTC? Why would Bitfinex touch their USD reserves? They retire USDT to treasury and reduce BTC cold wallet to send BTC to users. What’s the problem?
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No one will want to trade their BTC for USDT soon, that’s what this will grind to...
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They're not now.
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I don’t think you understood correctly. What I’m suggesting is no demand for USD but for BTC. Most people don’t want to cash out USDT for USD. Most sell USDT for BTC. That’s why this movements.
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Yep, I agree, but someone still has to sell their BTC for USDT which people won’t want to do soon / now. I would imagine the arbitrage will keep it going for a while tho
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It's them, arbitraging themselves, with other peoples btc. Business as usual, except with straight out theft, instead of relatively easier to hide counterfeiting.
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