Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => USDT Forum => Topic started by: Domithra on July 05, 2018, 11:00:27 AM
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Tether serves as the safe haven for cryptocurrency users especially in times of bear market where a lot of coins experience dips in prices. In these times, Tether isthe best coin to exchange your coins for and keep until the market recovers.
What do you think will happen to the cryptocurrency industry when Tether gets affected by the bear market and also drop massively?
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I believe that Tether will drop only if the reserve they claim to be holding is compromised or found to be a false claim. If that's the case, Tether will drop dead. Unless otherwise, Tether is here to stay. And even if we like the idea of using Tether or not we might end up using in bearish market. Moreover, if its bearish for bitcoin and altcoin its bullish for Tether because of the demand of Safe Haven. This is just my point of view and I'm not a big fan of Tether :-\
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I think no, tather come to crypto world as a support coin for better trading experience, so tether will not make market collapse, because if crypto market colaps, tether will colaps too
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I think that Tether can not do any harm to the crypto-currency market, because it only reflects the real dollar exchange rate and, in fact, is its digital copy. His course will always be one dollar. Its use is very convenient when you need to withdraw funds from existing crypto currency, but do not convert to fiat.
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I dont think if tether collapse crypto currency market, tether is not fundamental of crypto word. If theater fall 99% the price still 1 dollar. It reflect 1 tether = 1 dollar. The token will pull back. If market increase this token will release until 1dollar again.
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Everything can happen on cryptocurrency if no one trusts USDT anymore. So that people will begin to leave and switch to other crypto instruments to invest. So long as there is no negative news, it will be difficult to materialize. Hopefully it won't happen until USDd collapse like that. We must always be optimistic and think positively.
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Tether serves as the safe haven for cryptocurrency users especially in times of bear market where a lot of coins experience dips in prices. In these times, Tether isthe best coin to exchange your coins for and keep until the market recovers.
What do you think will happen to the cryptocurrency industry when Tether gets affected by the bear market and also drop massively?
The USDT coin cannot suffer from the bear market. For any fall in the market, it should vseravno correspond to the price of one dollar. This coin can influence the state of the cryptocurrency market, since it is actually the same dollars, only in the digital shell.
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Tether can't collapse just bear market. Tether still need keep asset in bear market. It will collapse if no coin in market. The price will always equal $1 although only 1 coin in the market.
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Everything can happen on cryptocurrency if no one trusts USDT anymore. So that people will begin to leave and switch to other crypto instruments to invest. So long as there is no negative news, it will be difficult to materialize. Hopefully it won't happen until USDd collapse like that. We must always be optimistic and think positively.
But that thing is impossible because Tether is is the most used by traders to preserve the price of their coins or token
that they used on trading during market situations like this. And Tether is also backed with real US dollars that's why
this coin will continue to be used by most of the traders in the cryptocurrency world.
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Am not a big fan of tether, and saying that tether is a safe place of all coins, its not a factor that I support, cause if the market collapse, tether will also collapse alongside. Tether might be good to safe keep tokens/coins in the bare market to avoid lose.
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Am not a big fan of tether, and saying that tether is a safe place of all coins, its not a factor that I support, cause if the market collapse, tether will also collapse alongside. Tether might be good to safe keep tokens/coins in the bare market to avoid lose.
Indeed, tether is a place commonly used to secure assets, try to see ACDC tokens, which I know, these tokens only have a Tether pair which causes the price to be very stable, you could say there is no Pump or Dump activity like what happened to other coins, Whales it is also possible that you will not dare to play coins that only have a pair with Tether