Don't fall victim to the youtuber FUD machine on Tether

in #bitcoin7 years ago

This is getting ridiculous. Every guy or girl with a channel is putting a video up about the collapse of the market and this and that because of tether. The press told a story today about a subpoena that was ordered almost 2 months ago. You can't make this stuff up. Everyone jumps on it and a buying opportunity for the whales begins. What a weak-handed market crypto is. It's pathetic honestly. Tether is a 2.4 billion dollar currency in a 500 billion market. Would it hurt the market if it collapsed? Of course, but more because of the FUD it would create than anything else. Its not a crypto that stabilizes the market like some have made you believe. I personally don't believe every tether is backed by 1 dollar, but regardless of this, it's still here even a couple months after the subpoena was ordered, a very good sign as Charlie Lee noted on Twitter earlier. This is a non-story as usual perpetuated by the main stream media and further used as click-bait by the lame youtube community. Stay strong!