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by rvz 1461 days ago
After looking at it for a moment, it's equally delusional as /r/cryptocurrency.

I'm enjoying the meltdown because it flushed out those who believed in nonsense like 'This isn't even close to what will be the all time high' [0] 'Doge to $1 by September 2021' [1], etc. Where are they now?

I won't be surprised to see Bitcoin go lower than $10K. This is before regulations and the Tether scam collapsing.

[0] https://news.ycombinator.com/item?id=26840923

[1] https://news.ycombinator.com/item?id=27046019

2 comments

> After looking at it for a moment, it's equally delusional as /r/cryptocurrency.

There can be some serious discussion there but it's first and foremost a joke subreddit. Without knowing what you're labeling delusional, there's a good chance it's meant to be taken with a sense of irony.

A joke sub wouldn't have a detailed guide for how to productively disagree with its followers:

https://www.reddit.com/r/Buttcoin/comments/p8uv0h/helpful_gu...

Be careful not to get snared by Poe's Law.

I don’t think tether is going to collapse. The money is there and the demand is high.

Nobody is trading suitcases of fiat bills behind closed doors anymore, it’s all in USDT.

Can you point to a source for "the money is there"?

Nothing surrounding Tether passes the smell test.