Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: KobbyC on May 31, 2018, 02:47:00 PM
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Tether always seems stable, will it experience rise and fall in the future?
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Tether always seems stable, will it experience rise and fall in the future?
it is supposed to be equivalent to 1$
thus it can variate slightly, unless the issuing company is having legal issues
thus technically, it can go to 0, but will never go above 1$ by much
see price variation : https://coinmarketcap.com/currencies/tether/#charts
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There are more stable coins coming out so tether is going to have some competition, but neither will vary in price unless one becomes obselete
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It's designed to remain stable to USD, but I suppose anything can happen at this day and age. I really doubt it it fluctuates much though.
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I'm worried about it being proven even slightly that its not backed up 100%.. I could see a huge crash overnight some random day that wrecks everyone.... I still safe harbor in tether but not for long periods of time... to me its much riskier than people give notice to.
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Tether is a stable coin. It’s value is supposed to be equivalent to 1USD. Although I believe there may be little variation in it’s value, it may be difficult to rise above the desired value of one dollar but quite easy to drop below this desired value.
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This is not good coin for invesment or gambling. Because it is stable coin. It is use by buy or payment export import or local trade.
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Tether, as a cryptocurrency coin, can rise and fall. The rise and fall of Tether will depend on several several factors just like how the value of physical currencies such as Dollars, Euro, e.t.c can be affected.
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Tether, as a cryptocurrency coin, can rise and fall. The rise and fall of Tether will depend on several several factors just like how the value of physical currencies such as Dollars, Euro, e.t.c can be affected.
yes it is affected by real economy, it is equivalent with USD if USD up Tether will up. USD down Tether will go down to. This is not affected how many buyers and sellers tether. It is stable coin.
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Not just Tether, I think other coins will go up and down every day. But I believe this Tether will work hard to achieve the expected price someday. I believe that because Tether is a coin that almost always looks stable in value.
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Tether will always experience up and down fluctuations like other coins. But when seen, Tether is the most stable coin. When all the coins look red, this coin looks green. But for a few days, Tether is actually down when all the coins go up.
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Tether is a stable coin. That value should be equivalent to 1USD. Although I believe there may be a slight variation in its value, it may be difficult to rise above the desired value of one dollar
Tether, as a cryptocurrency coin, can go up and down. Tether's rise and fall will depend on several factors such as how the physical currency values like Dollars
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Tether always seems stable, will it experience rise and fall in the future?
Yes of course just like what happened most of the profitable coins like bitcoin and ethereum which are dropping so much and until still not fully recover.
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We should read its whitepaper. It claims to be always $1 but how it achieves this, and can it change one day? I don't know. But It was solid throughout these months.
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But tonight theresold someone a big bag of Tether and the price decreased to 0,94$.
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Can someone please explain me why tether are fallen?
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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.
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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?