Topic: What happens if USDT falls down? - page 3. (Read 734 times)
Their will be a panic in the cryptocurrency market, if USDT falls down below imagination, which that can't happen, because USDT is build for strong stable coin that many investor's and traders used when market not favourable. And also USDT stable coin is 100% trust, which hardly breakdown from the support level at any given time.
It's a major misconception that USDT is as stable as dollars and it cannot go down, we have seen in the past when USDT has been dwindling and I am 100% sure still we have users holding huge amount in USDT without there no legally binding terms which says USDT will be equivalent to USD and there is no guarantor for this. I have seen USDT's value dropping by over 50% when there were speculations that crypto will be banned in India and this is a reminder for everyone that it can go down anytime it's no different that other crypto coins but can be used as a medium of transfer as it's not volatile but we shouldn't be holding huge amount here.
I completely agree. However, the USDT price drops are caused primarily by market manipulation by large-scale investors. Their sole objective is to make profits. I believe it is not necessary to separate USDT from the dollar at this moment. It would be more beneficial to carry out the separation before the next bear market phase to swiftly reduce market values. Tether is the most popular stable coin. Many people use it and trust it. The capitalization of the Tether becomes to grow.
It's a major misconception that USDT is as stable as dollars and it cannot go down, we have seen in the past when USDT has been dwindling and I am 100% sure still we have users holding huge amount in USDT without there no legally binding terms which says USDT will be equivalent to USD and there is no guarantor for this. I have seen USDT's value dropping by over 50% when there were speculations that crypto will be banned in India and this is a reminder for everyone that it can go down anytime it's no different that other crypto coins but can be used as a medium of transfer as it's not volatile but we shouldn't be holding huge amount here.
I completely agree. However, the USDT price drops are caused primarily by market manipulation by large-scale investors. Their sole objective is to make profits. I believe it is not necessary to separate USDT from the dollar at this moment. It would be more beneficial to carry out the separation before the next bear market phase to swiftly reduce market values. 
The situation will be much worse than UST (Terra USD). If you have savings in USDT, you should convert them to dollars (paper currency) or BTC for security. You should only have limited stock in USDT for trading purpose. Because if the de-pegging of USDT happened, it will create havoc in the market as it has a market cap of $84 Billion.
Yes. Tether has its own strengths and is highly favored by crypto lovers as the world's third largest cryptocurrency by market value. Because USDT is resistant to current global conditions, but if we review it after the fall in the value of TerraUSD (UST) from its benchmark value of $ 1 and this could be one of the possibilities and will be the second bitter pill for the holder as you said above. Well what am I also going to do if it will happen again, I'm trying to get out of it and into BTC as fast as I can.
It's a major misconception that USDT is as stable as dollars and it cannot go down, we have seen in the past when USDT has been dwindling and I am 100% sure still we have users holding huge amount in USDT without there no legally binding terms which says USDT will be equivalent to USD and there is no guarantor for this. I have seen USDT's value dropping by over 50% when there were speculations that crypto will be banned in India and this is a reminder for everyone that it can go down anytime it's no different that other crypto coins but can be used as a medium of transfer as it's not volatile but we shouldn't be holding huge amount here.
The cryptocurrency market is still relatively young and can be influenced by events that impact overall market sentiment. If a major stablecoin like Tether were to falter, it could lead to a decrease in overall confidence in the cryptocurrency market, potentially causing broader market declines.
Depends on how shaky it gets. Every now and then its price gets decoupled from the dollar, but that's only a small negative. I'm honestly afraid to even imagine what would happen to the market if usdt goes down halfway. I don't want that to happen, but I think it would be at least interesting to see how the world will react if USDT goes down. I mean, Bitcoin will come back sooner or later anyway, but a lot of influencers and scammers will fall.
The cryptocurrency market is still relatively young and can be influenced by events that impact overall market sentiment. If a major stablecoin like Tether were to falter, it could lead to a decrease in overall confidence in the cryptocurrency market, potentially causing broader market declines.
Depends on how shaky it gets. Every now and then its price gets decoupled from the dollar, but that's only a small negative. I'm honestly afraid to even imagine what would happen to the market if usdt goes down halfway. 
We know that USDT is coming back from the most horrific situations from the past. But I want you to answer this, what do you do if someday without any signs USDT falls back to 0.1-0.2$? What do you do? Can you survive in this situation? What do you do if you put all your assets in USDT?
Just curious to know your answer. Don't say reasons that it won't happens, because I want to know if something this kind of thing happens in future what will you do?
If you ask my replay to this, I can say I will ok with it. Because I put my 20% into USDT right now. Why? because you know guys there is an Old saying Never put your all eggs in the same basket.
We know USDT is Stable coin. But it also a crypto-currency. So it can be fall down i think. But it will never impact with me. Because i only use USDT for converte to another cryptocurrency. I never hold it. As i never hold it so i think it will never impact to my portfolio if it’s price fall down. And i also think when USDT price will fall then other stable coin will fill its place.There are many stable coin available in cryptocurrency market like USD, BUSD, USDC etc. We saw some days ago it happen with UST but within short time another stable coin fill It's place.Just curious to know your answer. Don't say reasons that it won't happens, because I want to know if something this kind of thing happens in future what will you do?
If you ask my replay to this, I can say I will ok with it. Because I put my 20% into USDT right now. Why? because you know guys there is an Old saying Never put your all eggs in the same basket.
And you think exactly correct i also think don’t put all fund in one Basket. All we know that cryptocurrency is highly profitable and highly risky. So all of us have to think aboit It's risk. And i will tell when you will saw any problem in USDT then please avoid it then. Because it is a stable coin. No any profit you will get from holding USDT.
We know that USDT is coming back from the most horrific situations from the past. But I want you to answer this, what do you do if someday without any signs USDT falls back to 0.1-0.2$? What do you do? Can you survive in this situation? What do you do if you put all your assets in USDT?
Just curious to know your answer. Don't say reasons that it won't happens, because I want to know if something this kind of thing happens in future what will you do?
If you ask my replay to this, I can say I will ok with it. Because I put my 20% into USDT right now. Why? because you know guys there is an Old saying Never put your all eggs in the same basket.
We know USDT is Stable coin. But it also a crypto-currency. So it can be fall down i think. But it will never impact with me. Because i only use USDT for converte to another cryptocurrency. I never hold it. As i never hold it so i think it will never impact to my portfolio if it’s price fall down. And i also think when USDT price will fall then other stable coin will fill its place.There are many stable coin available in cryptocurrency market like USD, BUSD, USDC etc. We saw some days ago it happen with UST but within short time another stable coin fill It's place.Just curious to know your answer. Don't say reasons that it won't happens, because I want to know if something this kind of thing happens in future what will you do?
If you ask my replay to this, I can say I will ok with it. Because I put my 20% into USDT right now. Why? because you know guys there is an Old saying Never put your all eggs in the same basket.
And you think exactly correct i also think don’t put all fund in one Basket. All we know that cryptocurrency is highly profitable and highly risky. So all of us have to think aboit It's risk. And i will tell when you will saw any problem in USDT then please avoid it then. Because it is a stable coin. No any profit you will get from holding USDT.
It makes no sense to scam USDT otherwise cryptocurrency trading will be lost. I assume that the government is behind the USDT
USDT is issued by a centralized company, Tether, and not the government. The implications on crypto trading will be massive if USDT gets depegged, but the implications doesn't mean that it is not possble, and you are wrong that it will be the end of crypto trading, people who use stable coins will find other available options. The company that issues a stable coin can become insolvent or fail, and that will mean the end of that stable coin, thus when dealing with centralized coins mind you that if anything bad happens to the issuing company, the coin will become worthless. We know that USDT is coming back from the most horrific situations from the past. But I want you to answer this, what do you do if someday without any signs USDT falls back to 0.1-0.2$? What do you do? Can you survive in this situation? What do you do if you put all your assets in USDT?
Just curious to know your answer. Don't say reasons that it won't happens, because I want to know if something this kind of thing happens in future what will you do?
If you ask my replay to this, I can say I will ok with it. Because I put my 20% into USDT right now. Why? because you know guys there is an Old saying Never put your all eggs in the same basket.
Just curious to know your answer. Don't say reasons that it won't happens, because I want to know if something this kind of thing happens in future what will you do?
If you ask my replay to this, I can say I will ok with it. Because I put my 20% into USDT right now. Why? because you know guys there is an Old saying Never put your all eggs in the same basket.
I only hold a few USDT because I don't see a point for me to use it, i would rather get rid of them, but for others, maybe it's the best coin in the world! We all thinks different.
But could it really go down that low to $0.1-$0.2? and when you say that can it also go up to $10. I am not a pro at crypto, but isn't USDT a "stable coin" so isn't the whole idea to be stable around $1 all the time?
"Stablecoin is a fixed-price cryptocurrency whose market value is attached to another stable asset. Differing from normal cryptocurrencies, stablecoin can be pegged to assets such as certain fiat currencies that can be traded on exchanges, including the U.S. dollar or the Euro." - Stolen from Google.
- BabyBandit -
Sometimes usdt fails down,Better option my opinion bitcoin hold great opportunity. Don't loss your fund.Bitcoin hold best choose for most people openion.Some time fails usdt in crypto market.This is big loss for crypto market.So I hope bitcoin hold good investment.This question another answer because some people used Usdt most time & some people used bitcoin.
I put all of my money in Bitcoin, it's mean either USDT is collapse or not, there's nothing will affect me.
You're correct there's will be a time USDT will collapse, it will happen since it's possible. USDT is centralized and it's not fully backed with real USD, it's different with Bitcoin where it's decentralized and no one is controlling Bitcoin.
You're correct there's will be a time USDT will collapse, it will happen since it's possible. USDT is centralized and it's not fully backed with real USD, it's different with Bitcoin where it's decentralized and no one is controlling Bitcoin.
If you recall what happened to USTC, I mean the Tera classic stable coin? It wasn't backed by anything other some portion of some BTC and their tokens. It was an experiment meant to succeed beyond the space of USDT but failed when Bitcoin price start dumping and when some people saw some flaws in the Defi, they made use of it to manipulate the price and short the he'll living out of the stable coin and today, it's worth nothing, all investment down the drainage.
UST had an impressive LFG fund which was the collateral for LUNA, this fund had tens of billions of dollars in bitcoin. The main problem was that UST was giving an unrealistic interest rate, almost 20%. At that rate, you need a constant inflow of new money. It was more like some kind of pyramid scheme, where the pyramid lives if there is a constant inflow of new money. Because of the problems in tokenomics, LUNA faced hyperinflation and even a huge fund could not save the situation. Apparently they realized that the situation cannot be saved and it is easier to sell off all bitcoins than to try to keep UST from de-peg.
You will get from us multiple answers because most users here don't have USDT as their investment rather they are just using this opportunity when they don't have any alternatives for fiat and they don't have any means to convert their coins at its current high price when the crypto market is congested. But when you choose it as an investment, then you need to consider the bad sides when the owner faces some trials because it could also demise the price of USDT as well. That's why most people do not recommend this kind of investment nowadays and they let others choose the safe one which is bitcoins.
It makes no sense to scam USDT otherwise cryptocurrency trading will be lost. I assume that the government is behind the USDT
Then something will rise up and be the next or new usdt. Its gonna be like ust case where its die out but its gonna be hard to let usdt fall into that gap range cause they have a lot of funds and has diffrent case of luna stables. But if this were to happen at some point this could bring very bad effect on market cause usdt is one of the major or the most commonly used stablecoin so people might panic about the market.
We know that USDT is coming back from the most horrific situations from the past. But I want you to answer this, what do you do if someday without any signs USDT falls back to 0.1-0.2$? What do you do? Can you survive in this situation? What do you do if you put all your assets in USDT?
Just curious to know your answer. Don't say reasons that it won't happens, because I want to know if something this kind of thing happens in future what will you do?
If you ask my replay to this, I can say I will ok with it. Because I put my 20% into USDT right now. Why? because you know guys there is an Old saying Never put your all eggs in the same basket.
Just curious to know your answer. Don't say reasons that it won't happens, because I want to know if something this kind of thing happens in future what will you do?
If you ask my replay to this, I can say I will ok with it. Because I put my 20% into USDT right now. Why? because you know guys there is an Old saying Never put your all eggs in the same basket.
Well, because a system is accurate as fuck doesn't mean it cannot fail, even a healthy heart and kidney fail at some point when it is stress to max point multiple times. But there is something we need to evaluate about stable coin going to below pegging value, because without understanding this, it will be an effort for nothing, no valuable information will be gained at the end of the day.
If you recall what happened to USTC, I mean the Tera classic stable coin? It wasn't backed by anything other some portion of some BTC and their tokens. It was an experiment meant to succeed beyond the space of USDT but failed when Bitcoin price start dumping and when some people saw some flaws in the Defi, they made use of it to manipulate the price and short the he'll living out of the stable coin and today, it's worth nothing, all investment down the drainage.
Coming back to USDT, they are back with fiat and some other short term bonds that I don't fully know but it more safer to say that it wouldn't crash the way we have in mind but as I have said, because it's the system is working doesn't mean it can't be stress. Just to be safe, 20% allocation of your assets into USDT is okay in my opinion.
We know that USDT is coming back from the most horrific situations from the past. But I want you to answer this, what do you do if someday without any signs USDT falls back to 0.1-0.2$? What do you do? Can you survive in this situation? What do you do if you put all your assets in USDT?
Thankfully I don't save my assets in USDT.However if there really was a situation like this, it was undeniable, it would definitely be difficult. If a stable coin that is trusted enough and is used by many people and various exchanges, and suddenly drops or has a rug pull, then there will be some problems. especially if the coin cannot be sold or converted again to other coins. This is going to be a big deal. Maybe this will be difficult to happen but that doesn't mean it's impossible. Because it could happen in the future due to something really bad.
That's why I personally don't think about keeping assets in USDT or stable coins, only using them sometimes for pairs in trading. However, we must always be vigilant and always update the market and news to quickly avoid unwanted things.
If USDT collapsed as described by the OP then I doubt the other stable coins will remain unaffected, if anything the trust should be lost on those coins as well, even if they are not experimenting any problem on their own, and this could lead to the complete demise of stable coins in this market, something I think the governments would be incredibly interested on seeing happening.
If USDT fall down than crypto currency market will going huge down because now 80-90 percent people’s doing trade with USDT and holding also usdt so we want usdt never fall Down.
I think you kinda exaggerating. 80-90% is at least a little bit higher than it actually is. Also, I don't want anything like that to happen, but it would be really interesting to see.
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