BTC expected to fall

I got my money in DAI cuz there's no coinbase fee using it and dai has had a stable price since its existence 2 years ago.

Not doubting you or anything but paying fees to sell my coins is not financially okay if this thing actually doesn't go down.

Cope faggot. You will not get in at a better price just fomo in now, panic selling little nigger nobody cares you sold the dip.

DAI will lose its underlying asset value if there's a general market crash
Tether is a ponzi and its underlying assets are "loans" to bitfinex which will never be paid back. Tethers are the ultimate musical chairs as everyone knows they're worthless but goes along with it thinking somebody else will be caught out when the music stops.
I for one am bullish on this year. Swinging is a mistake if you are bullish long-term, so if it dips I will buy more with fiat and if it rallies then I haven't lost out. Converting to "stablecoins" right before a dip is imo more risky than just holding through.

ahahah and its crashing xD

then whats the best stablecoin to hold?

Already sold when it was at $11.7K the other week. I'm not buying back in until it at least dips to $8K which is roughly where I expect it to bottom out in the coming weeks

unironically us dollars. Even if you need to pay slightly higher exchange fees.

>tether backed by loans that won't be repaid
>hold your money in fiat instead as if that's not the exact same thing

don't listen to the pajeet FUD, go research how stablecoins work - USDC for example is backed by a 1:1 reserve audited by Grant Thornton

>larping without proof of short
OP is a faggot
put your money on the table

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how do you prove a short?
i can inspect element a billion usd short for you or edit the screenshot in paint under 2 minutes.

at least you did a minimal effort and it’s quality larp

Solvency only is a problem if you want to cash out. We are here to buy every f*cking DIP

It's definitely going down my dudes. These people may be right.

Except with fiat it has government backing.
If Tether and Bitfinex ponzi collapse you think the government will just bail them out?

>it's the exact same thing
it unironically isn't. The US government guarantees your usd can be used to buy stuff. When the ponzi collapses, who the fuck is going to trade you their BTC for your worthless usdt? Tether would just print another few billion, as they have been doing monthly, fill every BTC-USDT order at whatever price before people could close their orders and anyone left would be holding worthless bags.

yes you're right, money printer go brr and is sustainable forever

>us government printing money and tether printing money are the same thing
Hey user, I have a new uniswap token for you. It's call $FED and I promise each token is worth a dollar. Sell me your entire portfolio.

The point is that's it's not equivalent.
Tether goes bust the worth of tether goes to literally 0.
Economy collapes value of dollar devalues, but doesn't go to 0.
I wasn't even saying to keep it in fiat, my point was exclusively about Tether and Bitfinex.

As soon as we cross 10k it's over, sell volume picking up

banks can also go under - government typically only assures deposits to a certain threshold, there's no "guarantee" in the sense that you're trusting a custodian either way - ultimately Tether also derives its value from the same source as fiat.

you don't think every single exchange would come bail tether out if there was ever a need for it? Tether dies, their business dies

>ultimately Tether also derives its value from the same source as fiat
No. It doesn't. The USD derives its value from the US government saying it is legal tender. Tether derives its value from the idea that Bitfinex will *eventually* pay back the loans Tether has made to it. This is on Tethers website. If there is the slightest chance that Bitfinex has squandered that money on parties and hong kong hookers, then every tether is worth fuck all.

>tether dies, their business dies
>exchanges will pay money to a rival, bitfinex, just because
I am convinced you people are paid shills. Not even the dumbest of uniswap scam buying pajeets could think this.

If we're talking strictly about the dollar it's not going to 0. I didn't make any assertions about anything else.

That's completely moronic.
If tether collapsed it would bring the entire crypto market with it. What capital would exchanges even have to bail out 14 billion worth?
They would run with whatever bit of money that's left.