<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>thematrixturtle</author><text>That&amp;#x27;s a classic Taleb distribution, aka &amp;quot;picking up pennies in front of a steamroller&amp;quot;.&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Taleb_distribution&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Taleb_distribution&lt;/a&gt;</text><parent_chain><item><author>sdgdfgsfdfgsdfg</author><text>The high buy volume at $0.98 is due to arbitrage. This is to be expected before the final crash.&lt;p&gt;People are using the opportunity to net an instant 2% return. Buy $10M USDT at $0.98, redeem at Tether for $1, take home $200K of profit instantly.&lt;p&gt;Thing is, this will only last until Tether runs out of liquidity. Then all bets are off.</text></item><item><author>Animats</author><text>Tether is back up to around $0.98, but volume is high. Somebody is pouring cash into Tether to support the price.&lt;p&gt;Similar over at UST. Price is back up to $0.60, but volume is far above normal.&lt;p&gt;Remember, with a stablecoin, &lt;i&gt;there is no upside to holding&lt;/i&gt;. Any indication of risk means it&amp;#x27;s time to get out. Even if Tether has enough reserves to get the price back to $1, there will be substantial cashing out.&lt;p&gt;That&amp;#x27;s why a stablecoin has only two stable points: 1 and 0.</text></item></parent_chain></comment><story><title>Tether starting to lose its peg too, after Terra did</title><url>https://community.intercoin.org/t/what-backs-a-currency-terra-luna-drops-nearly-100/2518</url></story>
<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>outsomnia</author><text>If I understand it, this is similar to the UK &amp;#x2F; ERM 1992 &amp;quot;Black Wednesday&amp;quot;&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Black_Wednesday&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Black_Wednesday&lt;/a&gt;&lt;p&gt;There were more people wanting to sell the pound for Euros at the rate mandated by the ERM than resources the UK had to maintain the arbitrary exchange rate and &amp;quot;it did not end well&amp;quot;.</text><parent_chain><item><author>sdgdfgsfdfgsdfg</author><text>The high buy volume at $0.98 is due to arbitrage. This is to be expected before the final crash.&lt;p&gt;People are using the opportunity to net an instant 2% return. Buy $10M USDT at $0.98, redeem at Tether for $1, take home $200K of profit instantly.&lt;p&gt;Thing is, this will only last until Tether runs out of liquidity. Then all bets are off.</text></item><item><author>Animats</author><text>Tether is back up to around $0.98, but volume is high. Somebody is pouring cash into Tether to support the price.&lt;p&gt;Similar over at UST. Price is back up to $0.60, but volume is far above normal.&lt;p&gt;Remember, with a stablecoin, &lt;i&gt;there is no upside to holding&lt;/i&gt;. Any indication of risk means it&amp;#x27;s time to get out. Even if Tether has enough reserves to get the price back to $1, there will be substantial cashing out.&lt;p&gt;That&amp;#x27;s why a stablecoin has only two stable points: 1 and 0.</text></item></parent_chain></comment><story><title>Tether starting to lose its peg too, after Terra did</title><url>https://community.intercoin.org/t/what-backs-a-currency-terra-luna-drops-nearly-100/2518</url></story>