Why I Do Not Invest In Cryptocurrencies

CNBC: Why tether, the world’s third-biggest cryptocurrency, has got economists worried  

* Tether is the third-biggest cryptocurrency in the world by market value. And it’s got some economists — including an official at the Federal Reserve — worried. 

* Boston Fed President Eric Rosengren recently raised the alarm about tether, calling the cryptocurrency a potential financial stability risk. 

* Some investors believe a loss of confidence in tether could be crypto’s “black swan,” an unpredictable event that would severely impact the market. 

Tether is the third-biggest cryptocurrency in the world by market value. And it’s got some economists — including an official at the U.S. Federal Reserve — worried. 

Last month, Boston Fed President Eric Rosengren raised the alarm about tether, calling it a potential financial stability risk. Meanwhile, some investors believe a loss of confidence in tether could be crypto’s “black swan,” an unpredictable event that would severely impact the market. 

The issues surrounding tether hold significant implications for the nascent cryptocurrency world. And economists increasingly fear that it could also impact markets beyond digital currencies. Here’s what you need to know:  

Read more ....  

WNU Editor: Former Google and Facebook Techlead Patrick Shyu explains why Tether is a problem and why cryptocurrencies may face a black swan event in the near future (see video below). This talk about Tether is also old news. Check out this news article from two years ago .... Tether's U.S. Dollar Peg Is No Longer Credible (Forbes). 

But times are different now. We live in a huge economic bubble right now, and IMHO it will only take one major event to burst it. The above CNBC article is very clear in expressing its worries that Tether could be one of those events. 

Full disclosure. I am a former investor in Tether, Bitcoin, and a few other alt-coins. No more now. 

from War News Updates https://ift.tt/36ojLK4