Topic: Why is the USDT crashing? - page 3. (Read 1213 times)
It must be a new stable currency that deliberately smashes it. In fact, although the USDT is an imperfect coin, it is still the most stable currency. Testing the stability of the currency takes time. Other coins take a long time to go beyond the USDT.
When people do not understand something, they are usually afraid of something. It seemd to be the best description of behavious of the author of first post.
Now a very large negative background information about usdt . Many say that it will collapse . In addition, the market appeared a lot of stable coin . Each coin usdt must be a usd , but not actually presented any evidence of this . Price usdt falls is not the first time , reacting to the panic around him. Their assets I transferred in usd , and what will happen with usdt only time will tell.
In the short term, it won't collapse in 1-2 years. A temporary crash is normal because you have to know that the USDT opponent is very powerful. They may want the USDT to be unable to obtain long-term benefits.
But USDT will fall back, because the USDT price is stable, they are not easy to fall deep, so I believe this coin, I always convert other coins to USDT to hold when the market fluctuates. . That is my reason why I believe in this coin.
The price of the USDT has fallen by 10% in one hour on the same day as this theme was released. This is indeed a panic. We also saw that this incident caused a rapid rise in BTC and ETH. Although USDT quickly corrected its price, it also made us see the crisis. The USDT was welcomed by everyone because it anchored the US dollar, which made everyone feel safe. But this time let us know that this is not the case.
Because all the coins in the cryptocurrency market are determined by purchasing power, even USDT is no exception. When the number of sellers is too large, it will collapse!
In the short term, it won't collapse in 1-2 years. A temporary crash is normal because you have to know that the USDT opponent is very powerful. They may want the USDT to be unable to obtain long-term benefits.
That can be just an act created by someone or some group to makes another currency, in this case cryptocurrency to rise.
I believe that is a normal occurrence that could happen at anytime. So this is some kind of trick to rise the price of some coins.
I believe that is a normal occurrence that could happen at anytime. So this is some kind of trick to rise the price of some coins.
another fud news spread by interest groups to damage market prices. if there is indeed a narration that the USDT will collapse, we need an objective data that is clear enough to prove the statement, don't just assume. those who do not like the crypto industry seem to be rather boring, the issue they are trying to raise never changes, that crypto (be it bitcoin, altcoin, usdt) will experience a collapse, but the reality that is happening now, crypto is able to survive and continue to grow .
Tether crashed as people lost confidence in it, and there were some panic selling due to some FUD.
The Tether market will stabilize back to around $1 soon.
If Tether crashes it will not affect the whole market collapsing, it would cause only short time effect on the prices of other coins.
The Tether market will stabilize back to around $1 soon.
If Tether crashes it will not affect the whole market collapsing, it would cause only short time effect on the prices of other coins.
The usdt was a very useful and functional system. However, the fact that it is being used more and more every day is a loss of value for bitcoin. It is good news for bitcoin, so that the usdt is avoided and its price dropped 
Well, it has recovered since a couple days ago, but USDT is a time bomb waiting to explode.
The scary thing is how many exchanges actually tie the USDT to real fiat.
If there are only USDT trading pairs with other cryptos, than it wouldn't be as bad.
But if there is a direct exit from USDT to real us dollars, then yes, it can crash the entire market.
Well, at this point, any of the top 10 can crash the market.
This is why, from the start I have always been against USDT and have encouraged others to stay far away.
Each USDT is supposed to represent one real USD held in bank reserve, so the price is upposed to stay stable at $1.
But that hasn't been the case.
On top of that they just keep on minting new coins like nothing else, serious red flags everywhere.
The scary thing is how many exchanges actually tie the USDT to real fiat.
If there are only USDT trading pairs with other cryptos, than it wouldn't be as bad.
But if there is a direct exit from USDT to real us dollars, then yes, it can crash the entire market.
Well, at this point, any of the top 10 can crash the market.
This is why, from the start I have always been against USDT and have encouraged others to stay far away.
Each USDT is supposed to represent one real USD held in bank reserve, so the price is upposed to stay stable at $1.
But that hasn't been the case.
On top of that they just keep on minting new coins like nothing else, serious red flags everywhere.
USDT is the most talked thing recently for the crypto arena, as 300million worth stable coin is taken out from the circulation, paved to way to panicking and effectively crashes in the market lossing its soul purpose to be stable.
I think a panic is triggered which is the reason behind tether price drop. Tether has always been alleged of discrepancy between their actual and claimed funds and recently a fake news broke out about Binance delisting it.
Recently we have seen the crush of the most stable coin USDT of about 5%. Only days before the coin lost its dollar peg, Tether LLC the issuer of USDT pulled $300 million worth of coin unavailable for general use a week ago.
The tether crash might be for excess dumping by the bounty hunters. As price drops there might be more dumpings in the future.
It's because BTC domination is getting higher and people are converting their USDT into BTC, perhaps. Or it is a kind of manipulation. BTW, we have seen such a case in back in 2017 and there was a bullrun right after that. Will it be same?
Idon't think the collapse of USDT will cause the collapse of the entire market. Bitcoin had such a rise in the price in a long time. I hope this continues and the market recovers before the new year.
USDT problem is that it can be made out of thin air and still you can use it to buy coins/tokens that cost actual money. Bitfinex can pretty much print out some Tether and continue to pump crypto prices with it.
Cannot really trust actions like this.
Cannot really trust actions like this.
USDT crashing because of only fud as always.. You know last 1 year maybe we hear same thing again and again. in my opinion tether is safe . and as you can see tether come to 1 usd value again..
With these fuds whales easily earn 10 percentage in one day. That is incredible.
With these fuds whales easily earn 10 percentage in one day. That is incredible.
Jump to: