I agree. How bad the time is though depends on tether at the end. If tether is not stopped (and I think there is a way you can argue that it is just the same as paper money — as long as we believe it is money it will be; short of the US government stepping in), I don’t think it will be that bad.

In a “normal” correction I would expect alts to benefit in BTC terms AT FIRST and then I would expect the entire space to fall strongly to wash out all remaining weak hands. I would think alts lead that second move down while btc leads the first.

We’ll see. Maybe bitfinex just prints more tethers and voila — new ATH!

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Entrepreneur, Fund Manager, Ex-Consultant and Hobby Ice Hockey Player. Child of the Sun. Any opinions personal, never investment advice, sometimes parody

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