RE: As it turns out, February 6th was indeed a very important day for Cryptocurrencies! by techwizardry

Viewing a response to: @jrcornel/as-it-turns-out-february-6th-was-indeed-a-very-important-day-for-cryptocurrencies

cryptocurrency · @techwizardry · Feb 7 '18

$2.08

Tethergate is still a dark cloud hanging over the market, unfortunately. I don't think we're out of the woods just yet. If Tether publishes some kind of audit or clears up the uncertainty in some way, markets will rally like a bat out of hell!

UpBit came out yesterday and said that all their customers will get equivalent USD if Tether collapses, which was a little weird: https://twitter.com/CryptoOfKorea/status/961087459093307393

👍 gridcoinman

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@jrcornel · Feb 7 '18

$26.10

I think a lot of exchanges might end up doing that, considering the amount of profits they have been taking in over the past year. Given than, I think the tether situation is massively overblown to be honest.

👍 jrcornel, jondoe, davebrewer, corndog54

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@davebrewer · Feb 7 '18

Agreed on overblown.  What is Tether worth?  $2 Billion in a market that is $400 Billion.

Would be like Barnes and Noble declaring bankruptcy, while Amazon was growing.

Barely a ripple on the water.

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@nickwalshblog · Feb 8 '18

"Tethergate is still a dark cloud hanging over the market" agree it seems very very dodgy,

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