Long-time hodler (btc, eth only) feeling scared for the future of crypto as more info comes out about tether and bitfinex. Help!

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Same tbh. My portfolio is looking so nasty that I try not to check so often.

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Same, my gut feeling is that it will hit a new high this year, but it’s been hard not to sell. *not investment advice, invest at your own risk*

likefunny

Right, I’m looking at it as a sunk cost but it’s tempting to sell and reinvest the money in a more stable etf or something. I hope your gut is right!

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It’ll be messy in the middle but it’ll come out the other side in the long run.

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How long is long time? If you're over a year, and you haven't invested your life savings, just let it ride.

I'm nervous too, but I'm hoping that bitcoin ETFs bring lots of money into crypto. If just 1% of all 401ks/403bs go to btc/ctypto etfs, the price should explode, assuming the funds need to actually buy the crypto rather than just some derivatives scheme.

Maybe; that gets back to my question about your time horizon. If you've held since 2016, maybe cash out your initial investment plus taxes, and let the rest ride, so you'll be less concerned.

likesmart

Did we travel back in time? Is this post from 2017?

That’s not what’s happening. Tether is wash trading Bitcoin to show institutional investors there’s a high transaction volume, which convinces them to buy in. In other words, tether is pumping the price of Bitcoin

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