It's still my view that the high prices of crypto are almost entirely ...

in DBuzz3 years ago

It's still my view that the high prices of crypto are almost entirely due to Tether, and even if Bitcoin manages to push up past ATH prices, most sellers will not be able to withdraw real dollars from exchanges.

Posted via D.Buzz

Sort:  

I look forward to the day that the dollar price people put on crypto will be obsolete and that it will be worth was it is worth because of its uses.
If and when tether is found out to be a con it will hopefully help further the crypto economy away from the dollar and fiat in general.

You shouldn't leave coins on exchanges period.

Tether is exactly the same as the traditional fractional reserve banking with the exception there is no oversight. It's a house of cards.

When Tether is forced to shut down or found to be insolvent, the vast majority of people who believe they are currently crypto rich will find themselves poor and/or bankrupt.

Posted via D.Buzz

Much reason in your post, I see it in the same way, the high prices are due to Tether @demotruk