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There's a reason to temporarily move from say BTC to USDT: If you think bitcoin/crypto currency is going to trend downwards for a bit and your exchanges don't have fiat balances (so the vast majority of them?) you sell your cryptos for USDT, wait for cryptocurrency prices to fall, then re-trade your USDT for more BITCOIN or whatever. Then you have accumulated more bitcoin (the premise is that you think it'll go up again). Edit: ninja'd.



> There's a reason to temporarily move from say BTC to USDT

But what we are seeing does not look like a temporary move. All the printed USDT are "somewhere", and I want to understand where and why.


But why can't you just move from BTC to actual USD in this case? And hold USD until you think BTC is cheap enough to buy again.




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