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29077851 No.29077851 [Reply] [Original]

Is this real?

>> No.29077954

yes

>> No.29077995

>>29077851
Those who know, know

>> No.29078152

I am cashing out regularly, never encountered any problem.

>> No.29078300

>>29077851
>trusting hitbtc

>> No.29078353

>>29077851
maybe

>> No.29078356

>>29077954
>>29077995
Explain like I'm babby. Is he betting that Tether drops more vs DAI than vs regular USD?

>> No.29078521

>>29077851
why short Tether vs. Dai instead of dollars? Dai also fluctuates slightly but a dollar is always a dollar

>> No.29078944

shh don't tell the normans about the tether collapse yet. I'm still wanting it to hit 70k before I cash out.

>> No.29078996

>>29077851
this is a retarded plan. When you short a stock/crypto with leverage you are paying large interest on the loan you acquired.

The chance of tether dropping below 1 USD is so small that paying money to keep the short open is retarded, especially when you can easily make good returns by just buying a decent crypto and holding for a while.

>> No.29079268

>>29078996
Guess you missed the tether FUD in 2017 when it went down to 90 cents.

>> No.29079382
File: 52 KB, 600x600, 1606613481355.jpg [View same] [iqdb] [saucenao] [google]
29079382

>>29077851
is anything real?

>> No.29079524

>>29078356
He's betting Tether is a scam and is going to go to 0.

>> No.29079581

>>29077851
they lost me at New York AG "good at their job".

>> No.29079681

>>29079268
>For every cent it drops you make $1
Seems retardedly pointless.

>> No.29079772

>>29079581
lol this

>> No.29079887

this is brilliant, tether doomers can now do this and make bank. absolutely epic

>> No.29079988

>>29079681
Are you retarded? if you had $10k at 100x short if it dropped to 90 cents you would have made $100k.
This guy is talking about a complete tether collapse. the potential upside is insane for such a. low risk and cheap loan.

>> No.29080054

It's not risk fee because you are paying interest on the margin loan and opportunity cost

>> No.29080236
File: 21 KB, 400x400, 1517297439417.jpg [View same] [iqdb] [saucenao] [google]
29080236

It's real until you find out that internet money isn't real and you can't ever cash out.

>> No.29080269

Okay, so you loan DAI and short USDT, what happens when you close your position? You go back to USDT, you will just have billions of it instead of the hundreds you started with, and no one will be buying tether since it will have just crashed, so good luck converting it back to fiat

>> No.29080317

>>29079988
yes there is asymmetric potential in this play. The opportunity cost are what makes it sub optimal.

>> No.29080390

>>29078996
first of all, this

also, you are relying on a third party to
a) discover any wrongdoings / illegal practices done by tether
b) proofing said practices
c) actually reporting on those findings and not settling off-court

ALSO, there is no official 'date' for the publications of this court process. so you will be keep paying leverage interest until they finally release their findings.

so, all things considered, this is a rather mediocre idea.

>> No.29080401
File: 188 KB, 981x906, keke.jpg [View same] [iqdb] [saucenao] [google]
29080401

>>29077851
Go ahead, try it.

>> No.29080452
File: 110 KB, 474x266, image_2021-02-18_201028.png [View same] [iqdb] [saucenao] [google]
29080452

>>29077851
>80% of the volume
HAHAHAHAHHAHAHAHAHAHAHA
FOR THE LAST TIME NIGGERS
THE VOLUME REPORTED BY SHIT LIKE COINBENE IS FUCKING FAKE
YOU FAGGOTS ARE PARROTING THAT RETARDED NIGGER FROM THE MEDIUM POST WHO THINKS RIGHTBTC HAS 100M DAILY VOLUME
LMAOOOOOOOOOOO

>> No.29080622

please, some retard try this and post here. would be hilarious to see slippage on illiquid 100x contracts on stable coin pairs (who the fuck is selling you this) then get liquidated immediately when it drops to 1.00 from 1.01+ (w/e you actually get it for)

>> No.29080716

>>29077851
this is probably the best representation of a midwit who is thinking that he figured out something huge
and of course he has to share it to win internet points and acceptance

>> No.29081175

>>29079988
No exchange has enough liquidity to pay you off if that situation happens, especially after Tether blows up I assume most of the crypto world would be frozen to a halt.
You will never reap you rewards.

>> No.29081664

>>29080269
> Okay, so you loan DAI and short USDT, what happens when you close your position?
when you close your position, you buy back the 10m (w/e that 100x is) tether at, say, $0.01 DAI. so you would end up with DAI.

but I agree, I don't trust the exchanges on this.

>> No.29082024

>>29077851
and you think hitbtc (or any other exchange) will ever pay out? lmao if tether is exposed as a scam. its over. every exchange will pull a mt gox or file for bankruptcy.
there is no big short because no one is gonna pay out those numbers on your screen

>> No.29082752

>>29077851
>tether fud
newfags always fall for it, it's 2017 all over again kek