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     7 years ago  

    Bitfinex owner owns Tether also. The assumption is that all tether is backed by US dollars, if Tether can't prove that is backed 100% with the amount of USD then Tether will crash, but not to 0. It will crash like bitconnect. Most of the people don't see the obvious tough, even if tether crashes , it has only a market cap of 2 billion dollars. The total marketcap is around 500 billion, so I don't see what's the big FUD about. In that case it just means -2 billion dollars from the total market. People are easy scared and people and institutions that want to create FUD know that. They want to ride the train and want to buy the coins cheaper after the scared people sell so they have more control on the market manipulation.

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     7 years ago  

    There are rumors that Tether was printing uncovered dollars. By doing this a lot of Btc could be bougth, skyrocketing it price. What is strange about it is that the interested in Tether also rose during the btc rocket to the moon.
    Interest in Tethershould decrease if he btc price rises and increase if the btc drops.

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     7 years ago  

    I had no idea why the price drop overall. Are they related? and for the future will be good or bad worse case!

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     7 years ago  

    with BTC again diminishing in price gives pandemonium to a lot of crypto-cummunity. Let's just relax and do not over analyze things out though this is a great forecast giving out a red flag alert of an 80% dip phenomenon.

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       7 years ago  

      It could go both ways. When looking back at the past 3 years, January always has been a red month. This year for sure after the astronomical rise at the end of 2017. Normally in February the market start to climb again but it all depends on the fresh money which has to be injected in the cryptoworld.
      Based on the technocal roadmap of aome of the major coins, 2018 should be great.
      But the sentiment of the market is, according to me, an even more important factor.
      Due to the lack off precedents nobody can tell. It can’t be predicted with technical analysis.
      But be aware that FUD can disrupt the market, just like government decision.
      I do have faith in some of the technologies, but my faith in the prices is not so high at the moment.

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         7 years ago  

        I am not an expert in crypto by what i think right now is Bitcoin is making all the coins to drop because of reduction in price too. But i know for sure it will rise again and will cause all the coins to rise again.

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         7 years ago  

        I also made a post about this tether has always given me red flags.

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         7 years ago  

        I'm little worried I just find out.

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