It's a clown show in here lol. Nobody has any technical skills so they are all lead around by their noses from the latest sound bite. These are the ringleaders @johnarb @Noah @Tokenz They Believe If They Continue Only Insulting Naysayers that price should go up!
The central bank of Tether/Bitfinex back in effect They will literally try pump and dump this garbage till they can and then the Tether fraud gets busted and we crash -90% overnight. Just like a classical ponzi.
What do you think of circle? USDC. Fully funded. If you ever had to transfer sizable money this solves a lot of hassle
USDC works well and is legit. Could something go wrong? I don't know. In an event that something goes wrong, you are an unsecured creditor with all of these stablecoins, but USDC seems legit (always possible something blows up; They hold majority in treasuries, but some in USD at a bank and if a bank goes under that money could be lost. I am not sure but i think when that Silicon Valley Bank and a few others went under circle would have lost like $3B if the government hadn't covered; but even before that Circle said they would cover the loses and USDC users would be unaffected) But the difference between USDC and USDT is that USDC is audited, has headquarters in NYC(where Tether has been banned for lying about their reserves) and USDC literally publishes CUSIPs(tracking numbers) of their treasuries. So we KNOW they have the money. And they are backed by Coinbase which has $10B of cash reserves. On the contrary, Tether is like a PURE FRAUD with no audits and NO proof of money, besides Cantor saying he manages some of their money and an Italian subsidiary of one of the least trusted US auditor (BDO) "attesting" their reserves. And Tether is backed by a shady offshore exchange Bitfinex that had a bunch of their bitcoins stolen; those are the very same bitcoins Trump wants to create a "strategic reserve" of... I wonder why a legitimate business wouldn't ask to have their stolen coins returned? Tether is the mother of all frauds.
If the whole "bitcoin lags by 10 weeks the global M2 money supply" thing, we're going back into the low $60k area by February.
ETH has a 90% swing this year and currently up 45% BTC has a 150% swing this year and currently up 128%. ETH & BTC prices are correlated. 2 years