r0ach sees a downtrend because he became a bitcoin hater after getting caught in a bad trade, but I still see an uptrend if we draw other lines. You can draw any lines you want to fit you expectations.
Show me. Using TradingView.com please to make a accurate chart.
I think uptrend is clear. I dont want to move to USD and tell banks I own BTC so I will hold any dips.
I don't either. Holding a 30% dip leaves a lot of BTC that could be had, on the table.
That is why so many traders are using USDT, so that means it is huge centralized vulnerability in the Bitcoin ecosystem! Even more huge than Bitfinex. On par with Mt. Gox.
And even about Bitfinex, I have some doubts. They would not "crash" the market, but instead would maybe create a small drop in value, of about 100$, in case they run away. Which seems doubtful to me.
USDT is used on Poloniex also! The Bitfinex hack caused a -33% crash. Mt. Gox caused a -90% crash.
I would guess maybe a USDT failure will come later when BTC is at nosebleed prices again. Perhaps not enough Bitcoiners use USDT yet, so give it more time to become more widely used.
