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RE: RED ALERT - Mt. Gox 2.0 Brewing - Bitfinex May Be Issuing Unbacked Tether To Paper Over Banking Service Loss - What We Think We Know (Part 1)

in #bitcoin6 years ago

When the first sentence is calling Bitcoin "Shitcoin" you know what you are about to read is heavily biased...

Tethers total value is 0.5% of bitcoin's market cap. How so many people think a tether collapse will crash the price by 50%+ is beyond me.

I have my doubts about bitcoin as well, but it has proven to be a very solid long term store of value despite much worse problems than tether. Tether may we cause a correction but Bitcoin has survived much worse.