** A few weeks from now the market is likely to higher than it is today**
Why is bitcoin selling off?
Take your pick...
The biggest reason seems to be a deleveraging event taking place in China due to Evergrande possibly defaulting on something like $300 billion in debt.
The contagion fear from that was that tether may be holding a large chunk of that paper.
Tether as said multiple times that they do not, but that doesn't matter, the market has spoken.
Anyways, I think you buy this dip even if this isn't the exact bottom.
Even if there was major risk for tether, this is bitcoin we are talking about, not tether...
(Source: https://bittrex.com/Market/Index?MarketName=USD-BTC )
Buy the fear, sell the euphoria several months from now.
Source of plagiarism
Plagiarism is the copying & pasting of others' work without giving credit to the original author or artist. Plagiarized posts are considered fraud and violate the intellectual property rights of the original creator.
Guide: Why and How People Abuse and Plagiarise
Fraud is discouraged by the community and may result in the account being Blacklisted.
If you believe this comment is in error, please contact us in #appeals in Discord.