3 ms·
... and that economic value is tiny when compared with the speculative value. The untethering of tether portends a crash, IMHO.
by ttul 8y ago
... and that economic value is tiny when compared with the speculative value. The untethering of tether portends a crash, IMHO.
- root_axis 8y agoWell, it depends on your definition of crash. We know that large price fluctuations are not uncommon in cryptotoken land so it's important to be clear about exactly what we mean. Personally, I'd consider a definitive crash to be a sub 1k BTC/USD price. I don't see that happening any time soon because the "speculative value" is very cheap to maintain with lots of enthusiasts broadcasting hype across every popular tech platform and the various exchanges generating superficial traffic and trading activity with very little cost.