[2018-1-30] Cryptocurrency Tether accused of being a scam and pumping up Bitcoin

[RejectedBanana]

Bitcoin has been on a run. Despite its recent dip, the cryptocurrency has impressed skeptics and believers alike in its monumental rise in value since its creation nine years ago. But all that could be on the verge of change.

Because while the argument rages on as to whether Bitcoin is in fact a currency or a store of value, one question looms large over all: Just what, exactly, is driving its price growth? Well, a consensus answer is slowly forming among critics, and it doesn't look good for the world of cryptocurrency.

In fact, it looks so bad that those same critics are predicting Bitcoin could take as much as an 80 percent hit in value. That would mean BTC, which at the time of this writing is worth around $11,085, would drop down to near $2,200.

(Continued...)

https://mashable.com/2018/01/29/bitcoin-tether-stablecoin-alleged-scam

[CryptoBry]

So the whole thing that we are believing in has now become like a big lie. I don't actually understand why we should be listening to these critics...by their very nature we should not expect them to appreciate Bitcoin and had Satoshi Nakamoto listened to them at the very start we would not have Bitcoin and blockchain technology today. In any innovation that came into being, there will always be critics and they should be an inspiration or a driving force to do more and be more but they should not be the one dictating the whole thing otherwise nothing will really happen.

[Basmic]

Such critics do not understand the nature of cryptocurrencies. Their opinion may not be recognized. They don't understand that the phenomenon of cryptocurrencies is that there is a demand for it. Even if bitcoin now will fall in price it will not change anything. He will live. Tomorrow people will again use it and the price will rise to the moon.