"According to Hasufl"pic.twitter.com/J3wJb23G1a
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I just find it funny how someone that defended Tether, says they are committing fraud.
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"Nononono, tether is legit! U just have to use criminal thinking to understand it..."
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Usually when one wants to remove an asset from the market through purchases, it causes the price to rise. I guess that analyst is living in bizarre world.
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That's if the supply is being reduced. If the supply isn't reduced - there is no reason for the asset to appreciate.
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You don't remove an asset from the market by buying it only to resell. O could increase the price of gold by buying it all and keeping it to myself. I would not have to destroy it. It's been attempted:https://www.forbes.com/sites/timreuter/2015/09/01/when-speculators-attack-jay-goulds-gold-conspiracy-and-the-birth-of-wall-street/#13633a23cda2 …
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What would be a reason to the downward movement? Genuinely curious
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More people want to sell Tether, even below the peg, than want to buy it. What would lead someone to want to sell Tether directly for USD on a free exchange? 1) inability to redeem it 2) concern about Tether/BFX solvency 3) inability to withdraw from BFX.
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