> Even if the tether is only worth $0.70 it’s still a better deal for some peopl... | Hacker News

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		seppel on Nov 23, 2020 \| parent \| context \| favorite \| on: Are pixie fairies behind Bitcoin's latest bubble? > Even if the tether is only worth $0.70 it’s still a better deal for some people who can’t exit their BTC position legally. I don't get this part. What can you buy using tether, even if it is worth only $0.70? (Well, obviously you can buy bitcoin but this doesnt make any sense to buy the bitcoin back that you just sold. What else can you buy?)

raziel2701 on Nov 23, 2020 [–]

You can trade tether for other crypto in some exchanges.

seppel on Nov 23, 2020 | [–]

Yes but then someone else has the tether.

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