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February 11, 2018, 02:06:02 PM Merited by BrewMaster (1) |
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What would Bitcoin be worth without emty headed baboons selling their coins like there is no tomorrow? The answer: +$100,000.
It's impossible for anyone to know what the actual impact of Tether is on the entire crypto market, so for that reason you shouldn't take everything said on internet for face value. If Tether is being 'printed' without being backed up by an equal number of USD in reserve, which quite some people here assume, then it may actually play an important role in getting this market to increase in a non organic manner. The main problem here is how Tether isn't open and clear about their actual USD reserves, and their direct ties with Bitfinex make things even worse. I am amongst those who aren't trusting Tether, and would even like to get it exterminated entirely, but without actual proof, there isn't anything we can do other than speculating. When the authorities lose their patience, which is just a matter of time, they'll raid Tether and we will find out what's going on there.
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