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/biz/ - Business & Finance

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6307325 No.6307325 [Reply] [Original]

Don't worry guys, everything will be fine.

>> No.6307497
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6307497

> the absolute state of Crypto

>> No.6307597

Does anyone put their stash in USDT on binance when they expect a dip or crash? Like what if it completely crashes what will my tether be worth lol?

>> No.6307652
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6307652

>>6307597
It won't completely crash, but if we tip over the edge you can expect a 50% off sale on BTC by Sunday.

>> No.6307749

>>6307597

Theoretically the value would exceed a dollar since everyone would want Tether

>> No.6307775

>>6307749
Right but how would i get cash for tether?

>> No.6307802

>>6307597
You gonna get burned doing that
Just hold your fucking alts and wait til everything comes back to normal

>> No.6307837

>>6307749
You don't. You buy coins with your tether.

>> No.6307864

>>6307802
no argument found here, why?

>> No.6307952
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6307952

>USDT/USD

>> No.6307999

>>6307775

You'd drive to the Tether Limited reserve and they would give you the bucks

>> No.6308001

>>6307837
I read if it all crashes tether would never be able to pay out all that money but if I'm on like binance and right before a crash I dump it all into tether and then ether goes to like $100..can't I just buy ether with my tether at that point and cash out with coinbase?

>> No.6308014

>>6307864
No one can predict what's gonna happen unless you're a whale or are on a group of whales who are manipulating everything
You gonna end up selling low and buying high

>> No.6308026

You have to hold a certain % of your portfolio in tether for crashes like this to buy the dumps. It's just a question of how much %
Is 20 reasonable?

>> No.6308044

>>6307864
Because it's already pretty damn low right now. It's way too risky betting on it dipping further. If it goes back up while you're tethered up, there's a very good chance it won't come back down for you. But if you're holding, it's almost certain it'll go back up and beyond over time. It makes much more sense to hold.

>> No.6308083

>>6308001
You wait until nobody is looking and quickly trade your tether for BTC or ETH and cash out