What are the biggest risks you currently see for the crypto market in 2019?

I know this subreddit usually is about "positive" thinking, be my guest and downvote me, but I prefer to get an accurate picture of reality.Personally what still makes me hesitant:​Tether, oh boy haven't we heard this now for about 1 ½ years. But for me it is still very, very, very risky to let Tether be the backbone of all liquidity in the crypto markets. If I am not mistaken, about 85 % of all volume for Bitcoin is in Tether.Do you guys remember this past fall when Tether broke it's peg and went below 90 cents, then redeemed $900 Million USDT, the price of Bitcoin crashed just shortly afterwards, and that crash did not look natural at all. The $6000 level looked as if it was artificially held.Then Tether announced on November 27th that they would make a redeemable system and would not be using Bitfinex as their proxy for USD <-> USDT anymore. However, not ONE redeemed USDT has been recorded besides Bitfinex since it's inception almost 3 months ago, you can see this here at the Treasury for Tether.Bitfinex, same old here too. The issues they've had with fiat withdrawals and their connections with companies such as Crypto Capital and Noble Bank does not look good, it looks very much alike QuadrigaCX.Mt.Gox redistribution of 150 000 + BTC, many crypto holders blamed Mt.Gox as the source for the 2018 crash, since they sold off 30 000 BTC. I think this was mostly a false narrative, however the proceedings with Mt.Gox is going forward and the BTC could start to get redistributed this year. Hopefully we will know more at March 20th when they will hold their next committee meeting.Market correlation and amount of dead/copied/irrational projects with tens of millions or even hundreds of millions of valuation. This makes it hard to see like we're getting close to a rational market.Fake volume / Leverage trading / Market manipulation, this point goes hand in hand and explains some of the Bart action we get every now and then. Whales can enter leverage positions, then wash trade or simply buy on the market and profit their leverage trades. That's probably not going to be a good thing in the market, besides for the whales doing the manipulation.I also see great potential in crypto, but we discuss that 24/7, so I thought we could try to look at this market as objectively as possible.Hope you guys can fill in with more!

Submitted February 26, 2019 at 08:42AM

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