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Originally Posted by Ajax
It depends how far the market drops. A 10% correction will eventually bottom out and then people will buy back in. A 90% crash would cause a long nuclear winter - we have already observed this in 2014 with the fall of Mt. Gox.
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The market is already much more volatile than that. It's gone from ~US$400B to ~US$800B and then back again in the last couple of months. Right now it's about US$550B.
Mt. Gox. happened and yet here we are. I think your concerns about Tether are on point, but I think the market will recover pretty quickly should anything go do.
A friend of mine made this comment about exchanges: Exchanges are like public toilets. You get in, do your business, get out.