USTD will be used to collapse the entire market
Its going to be carnage
Quoting: Anonymous Coward 7223896 Thanks for your thoughts!
Suspicions of Tether have long persisted. So far they have held it together but this time they may not be able to.
FUD is a normal part of Crypto, so I'd like to think I'm mostly immune to it at this point, but there is an awful lot of noise being made about what major exchange will fail next (Huobi seems a good candidate) as well as more than the usual amount of Tether (USDT) failure predictions. Interestingly enough, USDC is also being implicated as is Binance Coin. The Feds are all over looking at everyone's books and in everyone's business.
Not sure if you read any of the links on this subject I posted on earlier pages up thread.
Wondering what others are thinking on what may happen next?
Are we at the bottom of the market and the FTX troubles are already priced in, or are we just waiting for the other shoe to drop and everything crash some more?
The few coins I do HODL (XRP, primarily) are in self custody.
Aside from a little bit in leveraged long trades (in case we are indeed at a low) I'm completely out of the market, back in fiat, off exchanges and back in the bank.