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RE: How bad will Bitfinex's demise, and inevitable crash of the Tether affect the overall cryptocurrency market?
So since China can shut down every single Exchange in China and almost completely halt Bitcoin facility in their country and the cryptocurrency market is still standing and has stabilized what makes you think a single exchange with well-known problems that people should have left a long time ago can have any real effect on bitcoin's price?
A fair point indeed, and thanks for putting my mind at ease. 😀
No problem bro. A lot of people are new to the crypto space and they are applying the same type of concerned and worried that they would to traditional Investments such as stocks. The best way to deal with these extreme price move its in crypto is to ask yourself if I really think Bitcoin can fail then that means that it's equivalent can fail. That would mean that the average investor believes that there is a possibility of the dollar failing. Since everyone knows that the dollar can't fail because that would mean a destruction of overall economic output and the global economy then that's obviously not an option.
At least with them gone, there will be less fake volume going on as well.