FUD all over the place! Whenever someone´s talking about Tether it´s always something negative without any actual evidence or real facts backing it after all. It just seems like everyone started to believe the stuff an anonymous Twitter account aka @Bitfinex´ed keeps posting since months.
I personally don´t believe in this FUD anymore after I initially fell for it in the very beginning. That being said I´ll give you the main reasons why I think that Tether won´t crash the market and that it isn´t any kind of fraud either:
- A Tether Breakdown Won´t Crash The Market!
You might ask why, well just take a look at the numbers. Tether got about the same market cap than Bitconnect did before it crashed and if I remember correctly the market only went down about 10% that day. Cryptos already survived a Ban from China and a lot more before that so honestly yeah those 2 Billion would hurt but definitely not affect the market for long!
- Why There´s No Official Tether Audit...
Just take a look at the corporate structure of Tether and Bitfinex. They are completely based offshore and IMO due to legit reasons, which could be to escape the arbitrariness of the officials as well as eventually optimize their tax burden. A company wouldn´t setup such a legally solid structure whenever they wouldn´t have a bunch of money to protect.
- Why 2 Billion Are Actually Peanuts
We´ve got more than 1650 Billionaires on this planet. So do you really think that none of them would invest in cryptos while playing with futures on the stock market at the same time? I definitely don´t given the fact how easily this market can be manipulated given the right amount of cash. Oh and just guess where all those rich kids got their money... yeah right offshore 😉
So after taking those two things into consideration do you still believe all the FUD and that Tether is a Fraud? Now that you know that Bitfinex and Tether might just actually do what we all are striving for with cryptos, escape the claws of the greedy officials and money printing central banks...
I Don´t Believe It At All!
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