[monus21]

So what is the likely outcome of the fallout of Tether and Bitfinex? I'm guessing the price of Bitcoin will fall drastically?

[josephagoss]

As bitcoin is quite impossible to value via traditional methods it's very hard to say where the price could end up after a tether pop.

I've heard many in the cryptocurrency space throw figures around such as $1,000.

I fear that the crash would be far lower. The argument is that the entire run up is fake therefore a realistic price would be back around $100.

[monus21]

I can see this happening. Sucks for everyone who bought in at $18K.