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/biz/ - Business & Finance

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49820401 No.49820401 [Reply] [Original]

I borrow tether using DCA to buy bitcoin.
If bitcoin crashes, I buy more every 3 days, my liquidation price is in the 4 digits.
If tether rugs, I can repay the USDT for free and keep all my purchased bitcoins.
If bitcoin moons, I win.

How can this possibly go wrong?

>> No.49820417

>>49820401
>he believes btc is safer than tether
Oh boy

>> No.49820466

>>49820401
If Tether rugs, are you sure you'll be able to get Tether to repay the loan? What if it's worthless AND unobtainable?

>> No.49820646

>>49820401
solid plan.

>> No.49820654

>>49820466
>What if it's worthless AND unobtainable?
I thought about this and this seems impossible.
It can't be both

>> No.49820663

>>49820646
you could already do this with USDD it's already rugging. currently 93 on the dollar

>> No.49820783

>>49820401
Sounds like a good idea of you have the balls to do it as I would be worried about Jewish tricks fucking you over somehow . >>49820417
Tether is being rugged as we speak

>> No.49820929

>>49820401
BTC can realistically dump to 4 digits anon. You started too early.

>> No.49821034

>>49820783
>Current price: $0.9988
Yawn, nothing ever happens

>> No.49821161

>>49821034
Zoom out and look at the market cap

>> No.49821769

>>49821161
thats tether being redeemed for usd not being rugged, what?

>> No.49822628

>>49821769
>thats tether being redeemed
Yes in a non organic matter, it's not backed 1:1 to USD what do you think happens when there is not enough USD to redeem