Topic: Tether Crashes, Bitcoin Rises (Read 824 times)
Its really most waited moment for the company and management of bitcoin to rise once again since many people still believe in their services and hope to recieved income also.
I have never believed that tether was a stable coin as they claimed, so many people bought the idea that the coin was a stable coin but now look at what is happening. It is better for you to invest in a coin that you can be sure that you will make money from instead of putting it in a coin you think will always be the same price and then it ends up going down.
That is the thing with people, they do not tend to do some pretty good diligence and they just take in whatever they are told most of the time. Tether was actually meant to be a stable coin pegged to the dollar, which is meant to make 1USDT equivalent to 1USD, however, over the years, there has been some issues revolving around the stable coin tether as well as the team with the idea that tether is just being printed out of the blue to get the market pumped. That is something that the team has never come out with proof to deny and have refused auditing which is something that should be very important for transparency anyway. 
I am very glad, that Tether influence is decreasing (slowly though). There are much new stable coins which are indeed much more stable and transparent. The market is slowly leaning towards them.
It's also good to have many options open.
Yes over time, I have always known this as something that would happen eventually and like I always say, it is either tether itself implodes, or we get to see some legal action on the tether team and if care is not taken, that may be the end of tether. This is one of the reasons why a lot of investors hedging their funds have lost faith and now looking for better alternatives.It's also good to have many options open.
Alternatives are coming up daily with most exchanges even beginning to deal with fiat directly, and in that case, I would say the thing here is that, tether even though it has been used over the years, have failed to keep up with that part, where transparency should be a thing.
Yes, exactly. But I am glad that the end of Tether will be done smoothly. Imagine Tether implosion now overnight... Market wouldn't recover for a long time.
In the long run, we are all much better without Tether. And nothing is too big to fail in crypto (yet).
What? Tether still costs 1USD.
But it is strange that still Tether exists. I would never store my money in Tether.
But it is strange that still Tether exists. I would never store my money in Tether.
I am very glad, that Tether influence is decreasing (slowly though). There are much new stable coins which are indeed much more stable and transparent. The market is slowly leaning towards them.
It's also good to have many options open.
Yes over time, I have always known this as something that would happen eventually and like I always say, it is either tether itself implodes, or we get to see some legal action on the tether team and if care is not taken, that may be the end of tether. This is one of the reasons why a lot of investors hedging their funds have lost faith and now looking for better alternatives.It's also good to have many options open.
Alternatives are coming up daily with most exchanges even beginning to deal with fiat directly, and in that case, I would say the thing here is that, tether even though it has been used over the years, have failed to keep up with that part, where transparency should be a thing.
From the very beginning I did not support the tether, because it immediately seemed to me that the coin was created for manipulation!
I am very glad, that Tether influence is decreasing (slowly though). There are much new stable coins which are indeed much more stable and transparent. The market is slowly leaning towards them.
It's also good to have many options open.
It's also good to have many options open.
I have never believed that tether was a stable coin as they claimed, so many people bought the idea that the coin was a stable coin but now look at what is happening. It is better for you to invest in a coin that you can be sure that you will make money from instead of putting it in a coin you think will always be the same price and then it ends up going down.
Yes, it is true
the most severe between developers claim similarities for USD, silly isn't it.
there is no altcoin that stands alone especially in its stability.
bitcoin is a factor that makes the altcoin rise and fall along with the progress made by the developer. now is a fact that happened
I have never believed that tether was a stable coin as they claimed, so many people bought the idea that the coin was a stable coin but now look at what is happening. It is better for you to invest in a coin that you can be sure that you will make money from instead of putting it in a coin you think will always be the same price and then it ends up going down.
The tether will be back to the price before, and bitcoin will rise again. I don't think that tether will get down too deep and even if this is happening, I am sure tether will reach the high price. It will happen too with bitcoin, and I don't think that bitcoin will stay at a price now, it will increase. Don't worry if you see tether or bitcoin is down because that coin will reach the high price again.
I don't know when you saw Tether at $0.85. It was like $0.96 or so at the lowest of this year. The previous one was $0.92 or so. I think it's a manipulation by Tether itself for dumping some BTC. That's what the big whales do.
Not a good news for a supposed stable coin, although I personally have never been a fan of Tether. I have always have my reservation about the currency, I just only seldom use it for a short trading, for now, am going to try to avoid it.
It's sad to hear but what can we do? It's the phase many coins are going through now, we need to wait for the situation to improve.
This situation is created artificially for the purpose of market manipulation. The main thing is to keep cool and just wait.
Yes, old news and nothing really didn't happen. I wonder how much was lost with panic sell and gained through calculated buy
This situation is created artificially for the purpose of market manipulation. The main thing is to keep cool and just wait.
Tether Crashes, Bitcoin Rises
Tether has fallen to its lowest level ever since it was invented in 2015, reaching $0.85 to…
Read more: https://www.trackcoinmarket.com/en/crypto-news/33559/tether-crashes-bitcoin-rises
Tether is popular, but always faces problems, then scammers then have power. I think the fall of this token for a while, as it is stable at the rate with the dollar. And now it’s not worth talking about Bitcoin at all, except for stability at the level of 6.5k. Tether has fallen to its lowest level ever since it was invented in 2015, reaching $0.85 to…
Read more: https://www.trackcoinmarket.com/en/crypto-news/33559/tether-crashes-bitcoin-rises
personal idea
I don't think there is any cryptocurrency in the current market that can be compared with Bitcoin. All the altcoins can collapse, but Bitcoin can't!
I don't think there is any cryptocurrency in the current market that can be compared with Bitcoin. All the altcoins can collapse, but Bitcoin can't!
So what was the reason for Tether to fall down? Now they are laying with people who hold in cash and wait for better times to invest in crypto?
Everyone who was in tether was rushing to convert it to other tether convertible tokens that's why the surge in price of Btc. Not that price is relatively impacted.
if you buy bitcoin with Tether price of it is NOT going to go up!
price of bitcoin is determined based on USD not USDT. if you buy it with Tether only BTC/Tether will change and to keep it the same as BTC/USD the arbitrage traders will balance it out. in this case Tether price was falling which meant BTC/Tether went up but BTC/USD stayed exactly the same.
Tether is now recovering from the deficit, it is difficult to believe crashing, though it might be in the situation that it will slip a little but I know it is truly back up by USD that is why it can regain right away while Bitcoin is not totally rising it just maintaining the stableness of the value.
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