RE: How bad will Bitfinex's demise, and inevitable crash of the Tether affect the overall cryptocurrency market?

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How bad will Bitfinex's demise, and inevitable crash of the Tether affect the overall cryptocurrency market?

in cryptocurrency •  7 years ago 

No problem bro. A lot of people are new to the crypto space and they are applying the same type of concerned and worried that they would to traditional Investments such as stocks. The best way to deal with these extreme price move its in crypto is to ask yourself if I really think Bitcoin can fail then that means that it's equivalent can fail. That would mean that the average investor believes that there is a possibility of the dollar failing. Since everyone knows that the dollar can't fail because that would mean a destruction of overall economic output and the global economy then that's obviously not an option.

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At least with them gone, there will be less fake volume going on as well.