RE: Tether & Bitfinex Legal Status Update ! Will it Crash the Market ?
It's only a question of when will tether breakdown and fall apart.
Man.. I hear so much news about it being a scam. It's really controversial token. And now that the government got its eyes on it aswell its going to happen fast.
If you put your money in Tether to hedge the correction you are making a risky move for sure. At some point in time you are likely to see the value go down extremely just like Bitconnect.
In my opinion just put your crypto into Ether. It has a great roadmap still. It's still volitile but atleast it functions properly aaand in 2018 the Flippening will probably happen. I mean where is the Bitcoin progress? Im not seeing it!
Also a little side story. Today a friend told me that he's doing a job making a logo and he is getting paid in Ether. I think that's pretty awesome haha.
Thx for the update! And have a good day!
I agree that Tether is very likely to be scam and will not likely end well for hedgers/hodlers. However, I suggest putting Tether into LTC, NEO and ETH is more strategic than just putting it all in ETH. ETH I fear may become the BTC of smart contract platforms. It's an amazing team, but currently there are critical issues that still need to be solved with regard to transaction time and scalability.
I suggest NEO because it is a scalable, much faster (with promises quadruple VISA transaction speeds) smart contract platform that is still significantly undervalued. I suggest LTC because I do not under-estimate the likely hood of LTC becoming the first cypto to be used as currency. And when the Lightening Network is implemented, I think it will see astonishing gains, because it will be the basis of so many value transactions. OMG has me optimistic about the future of ETH, but OMG is still a much younger project than LTC and NEO. But definitely over the first half of this year, ETH is still a solid hold I believe. I just believe with regard to long term hodling, NEO and LTC are more promising.
Totally agree on that. It is better to diversify your crypto. I want to buy NEO aswell when I have more fiat again ;)
If you like NEO, check out NAS. Same founder.
I most definitely will, thank your for the lead
💯 agree. Especially with LTC coming out with litepay.
Wow that’s cool! Getting paid in Ether is the way to go. I do agree that hedging using tether is less of a hedge and more or a huge risk.