>$5,000 BTC and $200 ETH are in site if Tether starts to fail.
IMO, pre-2017 prices for BTC (<$1000) returning is inevitable. If Tether fails, then pre-2014 prices (<$100) are more likely. BTC was at $5K a little over 2 years ago, anyone who thinks the bottom is at that level is deluding themselves.
You can be right and still go broke shorting something. "The market can stay irrational longer than you can stay solvent." And shorting crypto has additional challenges beyond shorting traditional securities.
IMO, pre-2017 prices for BTC (<$1000) returning is inevitable. If Tether fails, then pre-2014 prices (<$100) are more likely. BTC was at $5K a little over 2 years ago, anyone who thinks the bottom is at that level is deluding themselves.