Comment by DebtDeflation
3 years ago
>$5,000 BTC and $200 ETH are in site if Tether starts to fail.
IMO, pre-2017 prices for BTC (<$1000) returning is inevitable. If Tether fails, then pre-2014 prices (<$100) are more likely. BTC was at $5K a little over 2 years ago, anyone who thinks the bottom is at that level is deluding themselves.
You could be a millionaire if you are right.
You can be right and still go broke shorting something. "The market can stay irrational longer than you can stay solvent." And shorting crypto has additional challenges beyond shorting traditional securities.
I'll take that bet. I say BTC doesn't breach $5,000 in the next 18 months.
What do you want to bet?