This is a Lehman brothers moment coming here so similar to the 2008 housing bubble

What?  
The one that is "crypto insurance”
The one that would truly rattle the market to maybe another 60%+ drop or more?

Tether.

Whether you are in tether or not it’s one that if proven to not be backed would trigger panic like no other.  
Zero faith to run and hide and hedge.  
All the other cryptos would start dumping to fiat, which would show the ineptitude of coinbase and others not being able to fund the "run on the banks".
The destruction of tether would take BTC to under $1000 I guarantee this.



The Crypto-cartels or as some call them Whales.
Only they can save the market by propping up AIG (sorry, tether).  
Our federal reserve (the crypto cartels) will have to save the cryptos from annhilation by showing a balance sheet of fiat large enough to back the one insurance policy we have Tether.
Which is PROBABLY why the market has gone down 50% since end of year... I imagine most of the CryptoCartels have sold off to prop up AIG (dammit sorry, Tether)

Think I’m wrong and wearing a tin foil hat.. that’s cool.  

I find it humorous that true believers in crypto and all its libertarian Utopian ideals.. have allowed a quasi federal reserve to form... not only with abilities to shape market conditions, change the supplies of our coins, manipulate price at their whim, Develop insurance scams against dips in market to protects us from massive failures (that shouldn’t exist!!!!).

Allowing them to get so much power in the first place and WE INVEST in a derivative like Tether, all the while it’s backed (supposedly) BY FiAT and we TRUST IN THAT?!?!!!!!  
Now we have to HOPE, and PRAY that our overlords can prop up Tether and back it by enough FIAT to prevent a market disaster of biblical proportions.


To quote the son at the end of Diggstown talking to his defeated father who scammed a town, and then, got out conned by a better con man in James Woods “You deserve to lose”.