Quote from: potatotom on October 26, 2024, 11:49:58 AM

Yeah this sideways movement is kinda boring. either go up or down, but do something Bitcoin!!

It's kinda hard, the news about investigation toward Tether does put a lot of fear to the retailer traders as well as the whales Grin

. I mean who are not afraid if the biggest market cap stablecoin have the potential to collapse and lose its depeg causing slight panic sell which can cancels out the bullish sentiment, I'd. be afraid too and have taken measure to exchange my USDT to USDC just in case, not gonna repeat the same UST mistake again Grin

.

but I think USDT will still be fine, as long as they keep being transparent and consistently auditing their reserves.
the problem is, company never like to disclose any problem, just like how UST collapse back then, the Luna founder said the algorithmic stablecoin gonna be fine and won't lose its peg but it lost its peg anyway.

so I expect the sideway of BTC to still happen, though seeing price action, BTC should go up after breaking through the channel.