[ryanchoi]

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.

[seppel]

> 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.

[dingo_bat]

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.