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RE: The MASSIVE Tether Ticking Time BOMB
Once the tether house of card falls the markets are going to tank so much; I hope everyone is aware of that.
Once the tether house of card falls the markets are going to tank so much; I hope everyone is aware of that.
That is one thing that could happen as a result. But another thing that may happen is that people wil sell to coins that can be used to transfere it to transfere the value over to exchanges that can trade to fiat. And the fastest once that most or all exhcanges have is Bitcoin Cash, Etherium and Litecoin.
And its also important to keep in mind that if Tether falls, then everyone wil sell all the Tether they have into whatever crypto they are the most confident in on the exchange.
And the end result depends on if people end up wanting to sell to fiat, or simply selling Tether.
But then I never used Tehter so I dont know 100% how it operates. If you buy/sell it from a digital tehter wallet that that is tied to your bank account, or if Tether have accounts on all exchanges using it where they places sell and buy orders.
Actually, how is the priced "controlled" to stay around 1$ ?