Hacker News new | ask | show | jobs
by banderman 3066 days ago
Please cash that out before this whole Tether mess unwinds.
1 comments

I'm not expert (really, shocking I know), is there a scenario where the market starts going and the well known coins become the store of value?

If the throttle is on converting back to fiat currency, then BTC/ETH/(LTC?) will be in demand and have the longest hold periods since they are currently the gateway out.

Sort of. If this goes the same way it did with mtgox in 2013, we should expect to see bitcoin prices shoot up in the tether exchanges and go down in the USD exchanges.
In a collapse scenario there will be more speculative buying of some of them, but it certainly won't be at high prices.

(this is vaguely tautological statement, if the prices stay high then it isn't a collapse, etc.)