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Inevitable Tether fiasco already priced-in by the crypto market?


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3 hours ago, Montoya said:

Opinions? 

Tether fiasco is a healthy thing for crypto market and its good it has began. I think it's interconnected with regulation and institutional engagement.

I'm not sure its been priced-in by crypto market, but i don't expect significant drop in prices if it hasn't yet.

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57 minutes ago, WillGetThere said:

Tether fiasco is a healthy thing for crypto market and its good it has began. I think it's interconnected with regulation and institutional engagement.

I'm not sure its been priced-in by crypto market, but i don't expect significant drop in prices if it hasn't yet.

I think it could be beneficial as well. Though I think a drop is more probable than not probable basis this potential scenario of it being completely taken out of the market having never happened before so we don't have an historical price and more importantly real volume-effect measurable. The market perception of this topic is fragile. The question I have is if a liquidity channel, a multi billion liquidity channel is potentially closed, what channel or channels stand to benefit and what is the lead time of the exodus?

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9 hours ago, Magickarp said:

What will happen in your opinion? 

I tend to think it is mostly priced in. People know Tether is unbacked, and they don't seem to really care. The fact that we haven't seen a run on it already, I feel, is evidence that people find the need for its utility great enough to bear the risk of being the last ones standing when the music stops. 

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On ‎4‎/‎30‎/‎2019 at 9:47 AM, Montoya said:

I tend to think it is mostly priced in. People know Tether is unbacked, and they don't seem to really care. The fact that we haven't seen a run on it already, I feel, is evidence that people find the need for its utility great enough to bear the risk of being the last ones standing when the music stops. 

Do you think pricing re-evaluations across the board

https://cointelegraph.com/news/coinmarketcap-to-remove-exchanges-from-calculations-if-they-dont-provide-mandatory-data

creates a crash catalyst as well like we saw with Korean exchanges January 2018?

 

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