Nocoiner predictions: 2021 will be year of comedy gold

The same tired arguments as ever: miner death spiral, not scarce, ponzi, tether etc. But with a new timeline. I'm sure it'll happen this year!

Bitcoin is a novel innovation that is actually useful to some people - it is artificial digital scarcity and a decentralized payment network that is separate from government or any centralized entity. It is totally voluntary.

Ethereum is also an absolutely fascinating technology.

Some people become “experts” and refuse to see innovation when it is staring themselves in the face. The world can’t change to these people.

Also regulation has been in the crypto space for years, dunno why these guys think it is some sudden new thing.

Well the USDT should implode at last. I think it would be even healthy to bitcoin in the long run.

Hard to say exactly what the effect of regulators cracking down on Tether will actually be. If Tether gets delisted from exchanges and isn't redeemable for USD, then obviously Tether holders will get burned. But what effect exactly will this have on Bitcoin and other cryptocurrencies? I would expect that before Tether gets delisted, insiders will trade their Tethers for Bitcoin, pushing up the Bitcoin price, and then probably immediately sell that Bitcoin for USD (or USDC), as they will expect the cryptocurrency market to crash once the Tether news becomes public. While these buyers of Bitcoin will immediately sell for USD, they will create a lot of volume in Bitcoin trading, which could push the price up. So maybe we see a quick, sharp run up in Bitcoin price and volume along with a lot of Tether selling before news about Tether breaks publicly followed by a crash of the entire cryptocurreny market.