This topic isn't about what do you trust, what do you care, what short-term means to you or to others and so on.
I don't understand why you are trying to "hijack" this thread.

Please read what I've stated and what I've asked.

People fail to understand that USDT quantity is not marketcap. And they keep on calculating ratios between USDT quantity and marketcap.
USDT is supposedly pegged to USD, 1:1, stable coin.
Ratios should be calculated between USDT quantity and the inflow of FIAT money in the crypto world, which is as I said, roughly 6B$ for a marketcap of 300B$.

So, 2.5B USDT out of 6B$ inflow, how does this ratio sound to you?


It says there "short-term[1-2 days]".

I asked a question about what do the masses do with so much USDT, not about what is important to you or what do you think about it or its matematics, or how do you feel about it. Try to read the post.

That's another hot topic, but I don't think we'll find out the answer to that question very soon.

Coming back to the topic, it is beyond my comprehension, why would the masses hold 2.5B USDT in exchanges, instead of cashing out to FIAT.
Unless, it's not the masses the ones that hold it.

I guess that, by now, everyone has heard the rumour about tether artificially inflating the price of cryptocurrencies.
Nothing new here. I'm also thinking that the temptation to use/invest what you got in exchange for all that tether(2.5B$) is too strong to overcome.

This is all speculation and we would probably not find out the truth very soon.

However, what I want to understand is in a different direction.

Suppose you're Bitfinex and you've convinced the others to use/adopt this "superuseful" new token. You start to spread it all over the place, convincing people to use it and in exchange you receive 2.5B$ worth of BTC, altcoins and FIAT.

On the opposite side of the table, as a client, you have some crypto and you try to speculate some opportunity, and you sell it for USDT(since most of the exchanges only allow crypto - USDT trading, and not FIAT), then, at some point, I guess you have to sell your USDT back for crypto, since you can't use USDT in the real world as FIAT or BTC, nor you can wait for it to rise(it is supposedly pegged 1:1 with USD).

First question that begs to be asked, why would you want to mid/long-term hold USDT instead of BTC or FIAT?
Second question, who would want to hold 2.5B USDT? Where is 2.5B USDT stored right now?

I cannot imagine that there is a 2.5B$ mass of people thinking that BTC or alts are going down, and decides to hold USDT for months or years, waiting for the market to recover. You want to hold FIAT instead, in this scenario.


2.5B USDT is huge, it is 30-40% of the whole FIAT money that would be needed to create a 300B$ marketcap.
According to JP Morgan, roughly 6B FIAT $ were invested in the crypto world, in order to create a 300B$ marketcap:

http://jamescrypto.com/the-difference-between-inflow-and-market-cap-and-how-it-relates-to-tethers/


So, who is holding 2.5B USDT tokens and what do the masses do with USDT(other than short-term[1-2 days] transfer of value)?

Hi,

I've managed to build 2 mining rigs, each with 6xRX580, but I'm a beginner when it comes to mining.
I've started mining using NiceHash - CryptoNight, but the revenues are kind of low and the fees are high.

Could you advise me on what would be the best thing to do for mining with 2 rigs of 6xRX580 cards?

Thank you in advance.