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REPORT ABUSIVE REPLY
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Message Subject
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XRP-tards, get in here. (Crash imminent? Final XRP moon in august 2021)
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Poster Handle
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PeterWiggin |
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Post Content
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why?
Quoting: PeterWiggin Because Tether does not have the enough reserves to cover their $50 billion market cap and and on May 19 they will have to disclose this inconvenient fact due to settlement requirements with the NYAG. thanks! why would that crash all crypto? Tether has been used to artificially inflate the crypto market as a whole but especially BTC and ETH. In my opinion we will see around a 75% price collapse for BTC and 60% for ETH. Regulations will come later this year that hurt high energy use tokens like BTC and ETH (until they fully roll out Ethereum 2.0) This combination is what pushes them to these levels. In the end the XRPL and the Flare network save BTC from total destruction through their ability to process BTC transactions on their network reducing the energy consumption and allowing it to fit within the new "green" regulations that are coming. all that you said makes sense, but would it hurt other coins? what about the ones that claim to be way more energy efficient? Are they connected or would the smaller coins with better ideas profit from this? or get dragged down?
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