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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

I'm sure we could all use your suggestions on what might whether an exchange drop event like Mt Gox best.

Do we really have to convert back to fiat?

If only someone had created a cryptocurrency tied to the dollar, with full backing...that would be really useful right now...

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An event like Mt. Gox would create the ultimate buying opportunity, so there is that silver lining. Oddly enough SBD would prob be one of the safest places, cus it's "tied" the the dollar just less that whole full backing thing.

But honestly, even after the segwit HF cancellation I dumped some BTC into USD as many of the other coins were volatile as shit too.

It's the wild wild west my man! Only place you can 10x your money in less than a month and also lose it all in days. I accept the environment that I am in, both good and bad.