Question,
I am reading a lot of articles again today that Bitcoin will burst because transactions are way to high and payment processing time takes so long... Only people who speculate on the price are holding btc now...
If the Bitcoin bubble burst, do we go down as well or could it be a massive shift from Bitcoin into other coins? I guess we go down, a lot of speculators that own Bitcoin don't know shit about other better coins...
Once speculators get into BTC they generally research alts and one of the first alt they will learn about is Monero as can be verified by the subscriber numbers. XMR is becoming a safer hedge than any other except USDT as far as I can see and I think it's because a little knowledge is a dangerous thing and these people don't know USDT is a worthless token that is backed by nothing.
What makes you think USDT is backet by nothing ? isn't it supposed to be "tetherised" to USD and backed by the same amount of USDas USDT circulating ?
XMR is sure a true crypto but its value could collapse as fast it climbed, given the look the chart... if BTC crash XMRwould easily follow.
i would gladly hear more information about USDT being "backed by nothing", as a beginner i always though it was backed the same number of circulating coin ?