Read on Twitter
Many said, oh once $USDT gets hit by US Gov, $BTC to the moon... depends:
1/
When a market basically depends on $ to work ($USDT is a type of $; has more trading volume than #BTC
), & when Tether gets hit, 1st thing for them to do will be to basically freeze most (if not all)... https://twitter.com/usdcoinprinter/status/1345161673028595714
1/
When a market basically depends on $ to work ($USDT is a type of $; has more trading volume than #BTC
), & when Tether gets hit, 1st thing for them to do will be to basically freeze most (if not all)... https://twitter.com/usdcoinprinter/status/1345161673028595714
2/
...existed $USDT (if not right out remove them out of circulation). When $ had such high demand in crypto world, & when it gets removed, it will create a giant liquidity crisis: there'll be a lot more #BTC than $. In such panic situation, there'll be a panic (even temporal)...
...existed $USDT (if not right out remove them out of circulation). When $ had such high demand in crypto world, & when it gets removed, it will create a giant liquidity crisis: there'll be a lot more #BTC
than $. In such panic situation, there'll be a panic (even temporal)...
3/
...capital flight flee to $ (or to other available fiats, so people may go to $). #BTC won't find a bottom until the “balance” is restored: more buyers for #BTC than for $ (& other fiats). So, when Tether gets hit, right there is the Kaboom!
...capital flight flee to $ (or to other available fiats, so people may go to $). #BTC
won't find a bottom until the “balance” is restored: more buyers for #BTC than for $ (& other fiats). So, when Tether gets hit, right there is the Kaboom!
4/
Some ask, how can that be? Because of following tweet : most people buy crypto for making DOLLAR; I.e. at the very end of the day, people cares how much they earn or lose in $, not in terms of #BTC, or in any other crypto (not even in terms of gold)
https://twitter.com/FinanceLancelot/status/1345296339798794240
Some ask, how can that be? Because of following tweet : most people buy crypto for making DOLLAR; I.e. at the very end of the day, people cares how much they earn or lose in $, not in terms of #BTC
, or in any other crypto (not even in terms of gold)https://twitter.com/FinanceLancelot/status/1345296339798794240
5/
But, be assure, in such panic, if crypto sees a sharp collapse, that also means, it'll likely reach some sort of bottom in a short period (1-3 weeks?), & the short squeeze that comes right after can be SOOoo powerful that may quickly slingshot #BTC way past current ATH.
But, be assure, in such panic, if crypto sees a sharp collapse, that also means, it'll likely reach some sort of bottom in a short period (1-3 weeks?), & the short squeeze that comes right after can be SOOoo powerful that may quickly slingshot #BTC
way past current ATH.
6/
So, the Kaboom will be very dangerous, but it'll also open up an unparalleled opportunity.
End Thread
So, the Kaboom will be very dangerous, but it'll also open up an unparalleled opportunity.
End Thread
