RE: [cryptomonitor NEWS] Weiss Ratings Warning - Tether crypto (HOT)

I've said it elsewhere but I don't think there is anything that is safe from this relationship. The tether printing and exchanges' manipulation of trades, insider trading, allowing dubious and otherwise illegal forms of trading to go on all in the name of keeping prices high is going to hammer everyone hard imo. Feb 6 the market drops, btc is near 6k, oh guess what here's tens of millions of Euro Tethers to come save the day.

Now they want to piggy-back EuroTethers on the etherium blockchain? Hilarious stuff. They really don't know when to quit, or rather, they've dug themselves a hole so deep that they know they're done for when they stop digging, because it's all they know how to do at this point to try and buy themselves time to make their exits.

This funny money has inflated prices across the board, and if you simply overlay the amount of Tethers printed with the price increases in December well... it doesn't look good, even for our very own friends Steem and SBD. Notwithstanding the fact that Japan was a global price leader until regulation hit them harder... and then Korea took up the mantle of completely shocking the world with how much of a premium they're willing to pay. That has toned down just a tad since most of the exchanges agreed to self-regulation, but strangely there's only one exchange that refused to participate.

Yes, Upbit, that lone Korean wolf of an exchange is the one that refused, and it's the one exchange that does over 90% of SBD trading volume and 70% of Steem trading volume on any given day. The listing of the two resulted in astronomical gains ever since they were added on November 22, and even though they are down from their peaks, they're still well above where they were before being listed on Upbit.

I'm just saying this here because I hope that it mentally prepares at least one more person for what very well may happen in the crypto space and to our very own currencies we use, make and trade here.