Until we know how bad the deficiencies in the dollar asset amount Tether has, we won't know how far the market will crater. Can you imagine the media swarm that will happen when the news gets a hold of the deficiencies? They will label a lot of crypto coins in the same brush drive the currency further down, and it will drive more regulations. This is the worst case scenario. In addition, the equities market in one of the biggest corrections in history. Where do people have money to put more in crypto currencies when they are busy covering margins. It is almost the perfect storm. When the money flowed in, no one was asking the hard questions. Be prepared for more ugly stuff to show up as the money wave recedes. be careful. Long term still positive crypto currencies just need to be confident of what is the bottom. How do you value some thing like this?
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