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Notorious_Junk t1_j00nk2n wrote

Yet Tether remains operational. They submit a one page pie chart for compliance and not a damn thing happens. Yes, the exchanges are corrupt, but the so-called stablecoins are where the really big fraud is happening.

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dankdooker t1_j02bptj wrote

Yeah. The stable coins are bullshit. Why not invest in something a lot more stable, like the US dollar. All these cryptocurrencies are pure shams. A bubble is about to burst and every crypto investor will be left holding the bag. Get all your money out of crypto now. Don't be like FTX clients or Bernie Madoff clients or Amway sales. Get out and invest your money on something better, like blackjack.

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Enjoying_A_Meal t1_j04871z wrote

I mean, people said the same thing the other 6 times Crypto crashed by over 70%, so their track record ain't all that great. What makes you think it won't bounce back and go even higher like all the previous times in the past 10 years? What's different about this time?

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jas2628 t1_j04bxxi wrote

I think that people are finally questioning what the value of crypto actually is, especially since many of the returns seem to be fraudulent.

Why would Bitcoin go up? It only will if more people buy in, with the assumption that it will continue to go up.

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dankdooker t1_j06jrrl wrote

This is true. It's people driven. Speculator driven. It's not business profit driven. There's nothing behind it. It's religious. If people believe in it, it will continue. It's all based on pure speculation.

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WildWeaselGT t1_j027ift wrote

I can’t believe Tether hasn’t completely imploded yet. I’ve been expecting it for years and it just keeps chugging along.

Literally the only reason it’s worth anything is because they say it is and everyone in crypto wants to it be true.

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