https://www.reuters.com/world/us/us...l-cryptocurrency-action-statement-2023-01-18/
Could be the reason crypto is falling now???
Could be the reason crypto is falling now???
U.S. to announce international cryptocurrency action
- Thread starter RedDuke
- Start date
Markets are still so ridiculously over-priced right now considering bankruptcy lawyers are already buzzing around Genesis the last few days.
What do you think is going to happen? They are just there to do some sight-seeing of the landscape? Yet... markets are acting like this is bullish the last few days. I can only explain this madness as shorts getting popped.
Best case scenario for bulls is that only a small fraction of Grayscale holdings will have to be liquidated.
What do you think is going to happen? They are just there to do some sight-seeing of the landscape? Yet... markets are acting like this is bullish the last few days. I can only explain this madness as shorts getting popped.
Best case scenario for bulls is that only a small fraction of Grayscale holdings will have to be liquidated.
If crypto is regulated forget the moon but pray for current price levels. There is no moon in regulated world, as pumps, especially with fake money, will be prohibited.
No worries, there is still USDC and other stablecoins to use if Tether becomes prohibited.
Eazy peezy my friend...
my point exactly. They will all be audited and fake money printing will not be allowed.
The worry, is how will Tether disappear. If this can be a slow controlled method...then there in theory could be a soft-landing. But realistically, you know and I know that this will 99% of the time end with a catalytic run-on-the-bank, as has occurred so many other times in these schemes.
For a very long time we warned about this with Terra, but no one wanted to listen. And we're seeing the exact same denial phase right now with Tether. The excuses people are making for still using it just amazes me at the actions of humans. No different than watching a herd of sheep jump over a cliff, one after another.
For a very long time we warned about this with Terra, but no one wanted to listen. And we're seeing the exact same denial phase right now with Tether. The excuses people are making for still using it just amazes me at the actions of humans. No different than watching a herd of sheep jump over a cliff, one after another.