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Author Topic: Is it possible for Tether to rise high and fall  (Read 2953 times)

Offline waitingforday

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Re: Is it possible for Tether to rise high and fall
« Reply #15 on: October 15, 2018, 01:53:26 PM »
Can someone please explain me why tether are fallen?

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Re: Is it possible for Tether to rise high and fall
« Reply #15 on: October 15, 2018, 01:53:26 PM »

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Offline dragononcrypto

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Re: Is it possible for Tether to rise high and fall
« Reply #16 on: October 15, 2018, 03:20:42 PM »
Can someone please explain me why tether are fallen?

Given the timing, I think this could of been a catalyst: https://www.altcoinstalks.com/index.php?topic=62513.0
Here's another article: https://www.bloomberg.com/news/articles/2018-10-15/dollar-peg-that-underpins-20-of-crypto-trades-is-under-pressure
But to be honest, it seems like there wasn't a decisive reason, rather a combination of different fud based factors.

Offline Fenix

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Re: Is it possible for Tether to rise high and fall
« Reply #17 on: October 18, 2018, 10:36:00 PM »
I also believed that the USDT and TUSD are stable coins, which can differ from one dollar by several hundredths of a percent, not more. However, the other day I was surprised when I saw the USDT rate at $ 0.85, and the TUSD, which has the rate then from 1.24 to 1.10 dollars. At the same time, bitcoin jumped in price by about $ 1,500 for about three hours. That is, stable coins still can deviate so much from one?

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