Get out while you still can

Today the price reached $10,000, which is pretty exciting no matter how you look at it. But, these sorts of things don't last forever. Price surges like this always follow with a price correction, it's basically a fact. "But Mattvision!", you say, "Bitcoin hasn't had many serious price corrections in a while! It must be immune to crashing!" Well if you think that you haven't been paying attention to the shade that's been thrown around in the crypto world. People have already been getting worried about a repeat of 2013 except with bigger numbers. And in my opinion, they're right to do so. Apparently, Tether has been printing millions of tokens every time bitcoin has had previous bull runs that began to correct. They were all being poured into a bitfinex exchange (bitfinex and Tether turned out to be controlled by the same people) to buy Bitcoin, thus artificially pumping the price to cancel out the corrections. Theoretically, it might not have gotten to 10k this fast without the Tether manipulation. And the problem here is that since Tethers aren't redeemable with Tether, and only have a wobbly ~$1 price peg due to the Kraken Tether/USD exchange, the serious inflation is bound to kill the coin sooner or later. Technically it's already considered hyperinflation. Something is going to make it implode sooner or later. Perhaps the Kraken exchange gets flooded with sales and Tether falls below what people would consider close enough to a dollar. And perhaps that triggers a bank run on Tether. And perhaps Tether's terms of service put them under no obligation to redeem their tokens. And perhaps when the tokens are discovered to be worthless, there'll be nothing propping up BTC after several long-overdue corrections, and a death spiral begins. I exchanged all of my crypto for precious metals hoping to wait out the chaos. If you want to risk it and hodl, that's your choice, but don't say I didn't warn you. May God have mercy on your soul. Sources: https://www.reddit.com/r/btc/comments/7g5yml/my_investigation_of_tether_scam_and_some/ http://i.imgur.com/qjdYdB7.png https://www.reddit.com/r/btc/comments/7g4mjj/tether_the_cryptocurrency_backed_by_nothing_with/ https://www.reddit.com/r/btc/comments/7g4jzy/you_thought_it_was_only_20_million_tether_today/ https://www.reddit.com/r/btc/comments/7g3wmh/another_20m_tether_printed_40_minutes_ago/ https://www.reddit.com/r/btc/comments/7g3pch/tether_printing_again/ https://www.reddit.com/r/btc/comments/7g11ob/bitfinex_employee_admits_that_tethers_are_not/ (They're all from /r/btc so take that as you will. They've been watching it pretty close, and there's a lot more threads there that I didn't mention. Read the links and the comments if you have the time.)