# Why didnt u sell on top? 📉 **URL:** \ **Category:** Out Of Pod Experience\ **Created:** [January 15, 2021, 6:40pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275 "2021-01-15T18:40:32Z")\ **Posts on this page:** 20\ **Page:** 58
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [June 21, 2021, 1:41pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1403 "2021-06-21T13:41:54Z")
> [@Adunh\_Slavy](#): > > The idea of “greater fool” is a ‘theory’ 
 even though theory is not the best word either 
 it describes a market behavior, aka FOMO, fear of missing out. Greater fool and FOMO are siblings. It’s not a scheme. Very well. But do you understand what I tried to say none the less? Bitcoin has a usage and while there may be phases in which the price is driven by FOMO, there are even longer phases where it isn’t or is even driven down by fear, yet still it is in an overall uptrend for over a decade. Hence it can’t all just be attributed to “greater fool theory”. > [@Adunh\_Slavy](#): > > And what was happening around then? Inflation and Volker getting a handle on it by allowing interest rates to rise to the market level, which was well telegraphed. This was also less than 10 years after Nixon ended Breton Woods, gold was $35 an ounce at that time. The point is that high volatility with multiple parabolic moves and subsequent two digit dips is all but natural if an asset is in price discovery for a new balance. This can be seen in Gold in the past, as it can be seen in Bitcoin today. And still most people would probably think Gold is indeed a good store of value. I just happen to think Bitcoin is a better one. > [@Adunh\_Slavy](#): > > Yes, but what it costs to produce something has no bearing upon what someone will be willing to pay for it. You’re making the very same error Marxist economists make with their labor theory of value - A type of thinking that is diametrically opposed to the ‘independent’ portion of the bitcoin story. Go back to what I originally said. The whole point I tried to make was that Bitcoin are not created out of thin air. I said nothing about price. In fact I said it is always **subjective**! You now tried for like two posts in a row to attack a point I did not make. I’m sure there is enough stupid ■■■■ I actually said to attack, you don’t have to invent some more ok? ---
**Author:** ![Adunh\_Slavy](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/adunh_slavy/32/265310_2.png) [@Adunh\_Slavy](https://forums.eveonline.com/u/Adunh_Slavy)\ **Post date:** [June 22, 2021, 2:48am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1404 "2021-06-22T02:48:45Z")
> [@Karak\_Terrel](#): > > Hence it can’t all just be attributed to “greater fool theory”. We can agree on that point. > [@Karak\_Terrel](#): > > This can be seen in Gold in the past, as it can be seen in Bitcoin today. That was the intent, glad we agree on this too. > [@Karak\_Terrel](#): > > Go back to what I originally said. > [@Karak\_Terrel](#): > > If any money or asset we have has intrinsic value, it’s actually Bitcoin, as it is directly liked to energy burned to secure it. That? ---
**Author:** ![Iceacid\_Frostpacker](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/iceacid_frostpacker/32/505689_2.png) [@Iceacid\_Frostpacker](https://forums.eveonline.com/u/Iceacid_Frostpacker)\ **Post date:** [June 22, 2021, 4:44am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1405 "2021-06-22T04:44:42Z")
> [@Karak\_Terrel](#): > > Tether and exchanges are both centralized run by companies. Bitcoin does not need them. if anything, they need Bitcoin Just finding this out myself here as I thought I would have to sell back to dollar value like buying and selling stock etc, then trade back to a Coin but now know it is used as a in between instead of USD fiat currency Question; does it hold same value as the USD? vs something else? I notice the small swing between Teather and USD when slight changes in USD/AUD rise and fall, The fee I am seeing is 0.06% of the coin being swapped or traded? I did notice Tether is not tradable on Coinbase but it is on the exchanges. ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [June 22, 2021, 5:55am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1406 "2021-06-22T05:55:50Z")
> [@Iceacid\_Frostpacker](#): > > Question; does it hold same value as the USD? vs something else? I notice the small swing between Teather and USD when slight changes in USD/AUD rise and fall You will never get as much Dollars for tethers as you get tethers for dollars. > **[AIMultiple: AI Use cases & Tools to Grow Your Business](https://aimultiple.com)** > > Data-driven, practical, transparent insights to help enterprises identify new AI & software tools in automation & cybersecurity to accelerate their businesses ---
**Author:** ![Iceacid\_Frostpacker](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/iceacid_frostpacker/32/505689_2.png) [@Iceacid\_Frostpacker](https://forums.eveonline.com/u/Iceacid_Frostpacker)\ **Post date:** [June 22, 2021, 7:55am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1407 "2021-06-22T07:55:14Z")
> [@Nana\_Skalski](#): > > You will never get as much Dollars for tethers as you get tethers for dollars. I thought that was due to the rise and fall between USD/AUD | Market Sell | 173.4\*\* USDT \* | 1.33\*\* AUD/USDT | $231.53 AUD | 1.38\*\* AUD | Completed | 21/06/2021 2:\*\*PM | | | --- | --- | --- | --- | --- | --- | --- | --- | | Market Buy | 173.4\*\* USDT | 1.33\*\* AUD/USDT | $231.64 AUD | 1.04\*\* USDT | Completed | 21/06/2021 1:\*\* PM | | ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [June 22, 2021, 7:57am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1408 "2021-06-22T07:57:04Z")
Tether doesnt have 100% coverage with dollars. Whatever Terher says, they cant prove it. Imagine all people will want to take out all their money back, they cant. ---
**Author:** ![Iceacid\_Frostpacker](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/iceacid_frostpacker/32/505689_2.png) [@Iceacid\_Frostpacker](https://forums.eveonline.com/u/Iceacid_Frostpacker)\ **Post date:** [June 22, 2021, 8:02am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1409 "2021-06-22T08:02:26Z")
Happy that I had become aware of that concern you shared as it was used once for the first time and you can see I didn’t wish to hold onto Tether for very long and currently funds are sitting as AUD for this Crypto adventure I’m currently on. ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [June 22, 2021, 8:07am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1410 "2021-06-22T08:07:53Z")
With crypto is this thing that whoever you give money to, they dont have to give you back anything beside the cryptocoin
 for which another person dont have to give you money for. Eventually you can be holding cryptos someone printed, and thats all. There are no safeguards, no guarantees. Current financial systems already saw the issues like that with printed money and they had to build safeguards, which crypto market dont want for a clear reason. Some people will make a lot of money on lack of regulations. Only some people. ---
**Author:** ![Iceacid\_Frostpacker](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/iceacid_frostpacker/32/505689_2.png) [@Iceacid\_Frostpacker](https://forums.eveonline.com/u/Iceacid_Frostpacker)\ **Post date:** [June 22, 2021, 8:18am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1411 "2021-06-22T08:18:24Z")
At first I thought Tether was like a IOU ---
**Author:** ![Iceacid\_Frostpacker](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/iceacid_frostpacker/32/505689_2.png) [@Iceacid\_Frostpacker](https://forums.eveonline.com/u/Iceacid_Frostpacker)\ **Post date:** [June 22, 2021, 9:21am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1412 "2021-06-22T09:21:22Z")
Re Tether possibly a scam
 Did a little digging and have some interesting findings to bring to this discussion if I may. While reading various sites regarding Tether I couldn’t help overhearing at 20mins:40Secs into this vod [https://youtu.be/u2SvAo-ReZQ?t=1240](https://youtu.be/u2SvAo-ReZQ?t=1240) It was mentioned that Meltem Demirors is the Chief Strategy Officer at CoinShares stated that crypto investors are moving to stable coin such as Tether. So the news is not out there yet right, that Tether is a possible scam? See now this vod I listen to is for Property Investors but covers a lot of topics and the channel WalkTheWorld does lots of research before releasing his vods. Like I know the old saying if it is too good to be true, it probably is
 though how can so many people keep trading into Tether? ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [June 22, 2021, 9:31am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1413 "2021-06-22T09:31:14Z")
> [@Iceacid\_Frostpacker](#): > > So the news is not out there yet right, that Tether is a possible scam? Cant say for everyone what is state of their knowledge or assumpion. There was not said everyone will lose. Some people will gain, or just think they will. These people will use it. Even when some would know its a scam, they would want to gain something before its too late. Its greed. Its risky, its a gamble. ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [June 22, 2021, 12:00pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1414 "2021-06-22T12:00:43Z")
[![](https://global.discourse-cdn.com/eveonline/original/4X/9/b/3/9b3980d5e348bcc34f6d55d723b8fe39d5ee8902.jpeg "BITCOIN HELL: BINANCE SCAM TOOK EVERYTHING. "IT'S ALL GONE."") ](https://www.youtube.com/watch?v=IG8LfZoMd_E) Soon to a crypto exchange near you! đŸ„ł ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [June 22, 2021, 12:27pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1415 "2021-06-22T12:27:10Z")
Bitcoin below 30k$. [![](https://global.discourse-cdn.com/eveonline/original/4X/f/6/a/f6ad74d7afaa7eb364c18df94c64149d5eef24a1.jpeg "Exposing Tether - Bitcoin's Biggest Secret") ](https://www.youtube.com/watch?v=-whuXHSL1Pg) Would you trust your money to some lying bastards? ---
**Author:** ![Xeux](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/xeux/32/428022_2.png) [@Xeux](https://forums.eveonline.com/u/Xeux)\ **Post date:** [June 22, 2021, 4:46pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1416 "2021-06-22T16:46:19Z")
The worst thing is still government regulation, right? ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [June 22, 2021, 6:17pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1417 "2021-06-22T18:17:37Z")
Is this the Tether thread? ---
**Author:** ![Xeux](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/xeux/32/428022_2.png) [@Xeux](https://forums.eveonline.com/u/Xeux)\ **Post date:** [June 25, 2021, 7:53pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1419 "2021-06-25T19:53:08Z")
[https://www.bloomberg.com/news/articles/2021-06-23/s-african-brothers-vanish-and-so-does-3-6-billion-in-bitcoin](https://www.bloomberg.com/news/articles/2021-06-23/s-african-brothers-vanish-and-so-does-3-6-billion-in-bitcoin) ---
**Author:** ![Iceacid\_Frostpacker](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/iceacid_frostpacker/32/505689_2.png) [@Iceacid\_Frostpacker](https://forums.eveonline.com/u/Iceacid_Frostpacker)\ **Post date:** [June 25, 2021, 11:16pm UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1420 "2021-06-25T23:16:48Z")
Africa sees 44% spike in new Covid infections, 20% increase Perhaps they are both _isolating?_. ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [June 26, 2021, 6:33am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1421 "2021-06-26T06:33:31Z")
About Bitcon in El Salvador. Dollar doesnt go anywhere. If someone will pay you in Bitcon for materials you have to use for production, it can take a week or two, meanwhile Bitcon changes value like crazy. Cant peg it. Can throw more dollars at people who would demand insurance from the volatility. Means even more debt for El Salvador. Would you accept Bitcon knowing it will lose value in a week and its future is not clear even in a one or two years timespan? You have to mind liquidity. All the dollars would have to be eradicated from the economy and Bitcon staying only legal currency in El Salvador and whole world, Bitcon being the worlds only currency to avoid volatility. Bitcon you cant use while being not connected, algoriths need to secure it in the network, because it have no other security being data, it have to use algorithms and network. This alone poses massive problems with energy and time taken to solve the security algorithm when you have people making so many small transactions daily, even when it uses Lightning network that sacrifices security for speed. Even more sacrifice of security will mean people will not trust it and would use barter, or paper dollars. Bitcon as a one and only, universal currency will never work, maybe virtual “gold” but without representation outside the network, and without regulations making it free for all to speculate, which will always see more volatility than Gold. ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [June 26, 2021, 7:05am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1422 "2021-06-26T07:05:43Z")
They use the Lightning Network on Bitcoin, where payments are instant. Also they have an app that can instantly convert to dollar if the person using it wishes to. Lightning does not sacrefice security for speed. The same App they can use to transact with everyone in the world who is on the Lightning Network by whatever means for almost zero fees. A lot of money that comes into El Salvador comes from remittances from family members abroad an banks charge them insane fees for transactions, like 20% upwarts or something. So this is a huge deal for them. This is less about storing value or paying in Bitcoin vs. the dollar, and more about using Bitcoin & Lightning as a **monetary network** instead of the slow, expensive and inflexible legacy banking stuff. ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [June 26, 2021, 7:43am UTC](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275/1423 "2021-06-26T07:43:07Z")
> [@Karak\_Terrel](#): > > Lightning does not sacrefice security for speed. It does. > **[4 Bitcoin Lightning Network Vulnerabilities That Haven’t Been Exploited (Yet)](https://www.coindesk.com/tech/2020/10/27/4-bitcoin-lightning-network-vulnerabilities-that-havent-been-exploited-yet/)** > > Bitcoin’s Lightning Network has a few vulnerabilities that have been discovered in its two-year lifespan, but none have been exploited. Everything that will make it faster and cheaper, will sacrifice security. > [@Karak\_Terrel](#): > > This is less about storing value or paying in Bitcoin vs. the dollar, and more about using Bitcoin & Lightning as a **monetary network** instead of the slow, expensive and inflexible legacy banking stuff. And volatility makes it less usefull than traditional dollar. Bitcon has found its use already. Making a currency out of it is like this, making a cat out of dog: ![](https://global.discourse-cdn.com/eveonline/original/4X/7/0/9/709773c4a4035b4e3825ba7083ed22f1dbf851e8.jpeg) [Previous page](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275.md?page=57) [Next page](https://forums.eveonline.com/t/why-didnt-u-sell-on-top/290275.md?page=59)