Whether it maintains its peg isn't all that significant for me. It couldn't maintain its integrity, which is the more crucial factor. A company made an arrangement that their token would be remain 100% fully backed by US dollars held in reserve. Then it reneged on that arrangement because it suited them. They can change the deal in any way they like. Tether could print another billion tokens from nothing and announce it's now backed by polystyrene packaging beads, or even grains of rice if they wanted to. No one can stop them and there's absolutely nothing users can do, aside from dumping it. So it's utterly worthless.
Stop being victims-in-waiting and recognise it for what it is.
Topic: Premium of USDT has been maintained in current bull run (Read 66 times)
I think the scary part is that usdt kept its 1 dollar valuation and that is very scary. The deal is that, USDT is backed by USD and many people believe that, I personally don't believe that, how many people have cashed out their USDT to USD so far? Believe me not nearly enough, it is not even 10% of the people use USDT, what do they use it for ? Either buying bitcoin, or selling their bitcoin for USDT, so majority of the users of USDT just believes that its worth 1 dollars, and that's it, it is just a "belief" they have and thats it.
This is scary because the moment when 1 usdt does not equal to 1 dollars, the moment the tether company can't cover that, we are going to have a bad situation in our hands. Sure we had tens of billions of dollars that went into bitcoin market that wasn't from USDT, so we are not going to crash and burn, but we can't deny that it won't be nothing neither.
This is scary because the moment when 1 usdt does not equal to 1 dollars, the moment the tether company can't cover that, we are going to have a bad situation in our hands. Sure we had tens of billions of dollars that went into bitcoin market that wasn't from USDT, so we are not going to crash and burn, but we can't deny that it won't be nothing neither.
This is the first time that the premium of USDT has been maintained with the increase in the price of bitcoin and other altcoins. It is a very positive sign for the both Crypto market and fait market.
As the new players are joining the crypto world and the demand for USDT has been increased to convert them into BTC or Altcoins. Last week the bitcoin increased $6000 in a single day which means around $110 billion new addition in terms of value.
So with this scale the Btc will reach $100k very soon and the strong altcoins will also break there records, once the btc got stable on some value.
As the new players are joining the crypto world and the demand for USDT has been increased to convert them into BTC or Altcoins. Last week the bitcoin increased $6000 in a single day which means around $110 billion new addition in terms of value.
So with this scale the Btc will reach $100k very soon and the strong altcoins will also break there records, once the btc got stable on some value.
This is a great prediction. I read more and more research notes last year who also said that a BTC price above 100,000 USD is likely to come in the next few years. We should all hope for such awesome levels. 2021 is going the year of bitcoins.
The increase in insuance rate of USDT is becasue of the demand from Asian, the major if not only stable coins used in Asia and South America is USDT and we all know what happens to most of these Fiat currencies last year, they have depreciated against USD, so people need to move their money into USD, you can't get USD from bank but can buy USDT from exchanges. I believe USDT will hit $100 Billion this year
It's very predictable from previous years charts that once btc goes into a stabilised position then the altcoins traded at there ATH
bitcoin is slowly working according to a zigzag pattern. make room for other altcoins once Ethereum hits $ 1000. Then bitcoin drops and altcoins start giving green signals. This of course is like a shift in position. because bitcoin will touch $ 40,000 it requires a pump of around 10-20%. even then it happened when all the altcoins hit their highest price.
This is the first time that the premium of USDT has been maintained with the increase in the price of bitcoin and other altcoins. It is a very positive sign for the both Crypto market and fait market.
As the new players are joining the crypto world and the demand for USDT has been increased to convert them into BTC or Altcoins. Last week the bitcoin increased $6000 in a single day which means around $110 billion new addition in terms of value.
So with this scale the Btc will reach $100k very soon and the strong altcoins will also break there records, once the btc got stable on some value.
As the new players are joining the crypto world and the demand for USDT has been increased to convert them into BTC or Altcoins. Last week the bitcoin increased $6000 in a single day which means around $110 billion new addition in terms of value.
So with this scale the Btc will reach $100k very soon and the strong altcoins will also break there records, once the btc got stable on some value.
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