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Please allow me to illustrate: Tether is used to buy Bitcoin and other cryptos. As you correctly observed. But: Tether ≠ Bitcoin. Tether FUD = get rid of Tet
by kebman 5y ago
Please allow me to illustrate:
Tether is used to buy Bitcoin and other cryptos. As you correctly observed. But:
Tether ≠ Bitcoin.
Tether FUD = get rid of Tether.
The only thing that could dent Bitcoin, as in making it dip, would be if potential buyers withdrew Tether instead of doing the logical thing, which is to buy Bitcoin. The most likely outcome is that the “dent” results in a blow off top scenario, meaning that price would surge before a sell-off.
As for “over optimistic;” people have been saying that since Bitcoin was a dollar, and possibly before that too.