Bear market? Will NEVER HAPPEN because of tether printing.

[Argoo]

Ok, prove me wrong.

Here I state that a bear market, which is a prolongued (3 years +) correction of crypto prices, will never happen reason being the occasional bursts of tether issuing which is something nobody can police.

Add to this the fact greed never dies and stockmarket doesn't provide the gains todays young people demand: kids want adrenalin and lambos not fuckin retirement plan.

Correction of the rate will occur regularly, as investors need to fix their profits and because of this, any cryptocurrency periodically drops in price.
Stable coins, including tether, are very easy to destroy. For this, it is enough for states to recognize illegal the provision of their national currency with other financial assets that do not belong to this state. This is already done by the Chinese government with its yuan, including digital. If this happens, then only stable coins of states will remain in circulation.

[bbc.reporter]

Does this imply that the CFTC can also charge Tether?

Yes. The CFTC hasn't expressed much interest in stablecoins but they did say this:

A stablecoin backed by fiat currency or a tangible commodity is likely a “commodity” under the Commodity Exchange Act, but the CFTC should have no day-to-day oversight over such a stablecoin; it retains anti-fraud and anti-manipulation authority, however.

https://www.cftc.gov/media/2731/TAC100319_Stablecoins/download

In any case, you agreed that Tether is shady and you also know that there have been no verifiable audits, however, you say any speculations and if someone asks questions about Tether’s legality and backing is FUD?

This is ridiculous. I've explained in painful detail what is FUD and what isn't. Please stop beating a dead horse. Let it go.

What would you say if Tether has been taken down?

I'd shrug. What would you say if Binance got taken down? Or if Coinbase got hacked? Or.....

I was asking if Tether was taken down and charges on it were proven, would this be the only time it will not be FUD for you? All the questions and speculations will be considered well founded?

In any case, similar to what you have told me, let us agree to disagree.

[STT]

greed never dies

Greed and fear go together, thats a good thing to remember because greed doesnt die but fear can put it in hiding while good opportunities pass by.   They are the flip side to each other and both are equal and opposite faults that lead to losses.    I dont see why we'd see anything FIAT related as a source of strength, I dont see that.

Stable coins, including tether, are very easy to destroy. For this, it is enough for states to recognize illegal the provision of their national currency with other financial assets that do not belong to this state. This is already done by the Chinese government with its yuan, including digital. If this happens, then only stable coins of states will remain in circulation.

I dont know how it'll happen but sounds quite a viable scenario, anything that rests on the goodwill of politics and large government is not something I want to be standing under when theres any upset.   We haven't seen the end of volatility, I dont believe it.