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/biz/ - Business & Finance

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5466206 No.5466206 [Reply] [Original]

How does tether stay at $1?

>> No.5466261

Magic

>> No.5466266
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5466266

nobody knows
its one of the great mysteries of the world

>> No.5466270

>>5466206
increasing supply of tethers

>> No.5466276

>>5466206
Illuminati

>> No.5466296

>>5466206
everyone kinda just meets up for a quick second and is like.......$1 seems cool.......and they go home

>> No.5466310

>>5466270
This is not the reason why

>> No.5466319

Tether is a scamcoin that people foolishly put their trust in.

>> No.5466342

>>5466310
well are you gonna make an actual point or just shitpost?

>> No.5466421

>>5466206
An assembly of companies created tether to help customers (us) buying shitcoins.
They claimed they have all the money they lend. Shady point is : they are not audited regulary so nobody really check their banks to know if they have the cash in reality.
If one day they are audited and don't have the money tether could go to 0.

>> No.5466450

>>5466270
how do they pump the price to $1 if it ever falls below it then?

>> No.5466490

>>5466450
pass

>> No.5466576

>>5466342
Both you massive faggot

>> No.5466709

>>5466206
Riddle me this...how does the Dollar stay at a dollar. Protip, it does't.

>> No.5466837

>>5466709
Damn you Riddler stop shattering the concept of a constant.

>> No.5466887

>>5466709
it does, t's the price of goods or service that increases

>> No.5466948

>>5466709

It fucking does. A dollar is always a dollar its The amount of stuff you can swap it for that changes.

>> No.5466992

wheres the best place to get tether?

>> No.5467535

>>5466992
Why would you want to "Get Tether"?
I's used as a shelter for market volatility or as a dollar replacement to guage USD value on exchanges that do not trade in fiat.
If you want to "Get Tether" you might as well just keep your dollars stashed under your mattress instead.

>> No.5467621

>>5467535
Because my altcoins are pumped to shit right now and i want to shelter them from the inevitable dump over the next 72 hours. Learn some basic economics, dipshit.

>> No.5467631
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5467631

>>5466421
>If one day they are audited and don't have the money tether could go to 0.
small if not true?

>> No.5467713

>>5467621
I do believe I stated right in the very post you are quoting that that would be one of the only valid reasons to want to buy Tether. I just figured anyone who would have need to do that would have no need to be asking how to.

You just fucking buy it.
Like anything else.
Dipshit.

>> No.5467795

>>5467713
Oboi. Edgelord pls, I am just asking where the best place is to get my jew hands on some tether - best wallet, best exchange platform etc.
Edgelord pls