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Tether???

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Thread replies: 7
Thread images: 2

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Why does this have such a huge trading volume? Explain this /biz/, it's far and away the most traded coin compared to its market cap according to coinmarketcap.com???
>>
TETHER $100 by December, screencap this

we're gonna make it
>>
>>2723010
nice just bought 100k
>>
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>>2722995

Because Poloniex runs a scam wherein they don't offer any fiat and thus defer any runs on their deposits to others.

I suspect Poloniex is insolvent.
>>
>>2723010
kek it's funny because it's not impossible. This is a freely traded coin like any other with no real backing
>>
>>2723020
Strange shit is afoot, this coin has a market cap of $220,773,286 but the last month saw a trading volume of $2,611,549,792, about 10 times it's actual market cap.

Compared with Ethereum and Bitcoin which both has a healthy 1:1 trade volume to market cap in the last month.
>>
>>2723060

Why is that strange? It's high volume is due to the fact people flip back and forth constantly. Little do they know that if there is a major crash like an exchange failure, USDT will not maintain parity with fiat.
Thread posts: 7
Thread images: 2


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