Why is the USDT crashing?

[clololck]

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.

[RockBar0]

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.

[veter2601]

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.

[hellyeahent]

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.

[Enzos]

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.

[Downloaded]

Some people say that the mission of the USDT was created to collapse.Why does OKex trade all large-scale USDT futures explosions? This caused the entire market to start exploding, and coins such as Bitcoin Ethereum rose rapidly, and BTC rose 13%. Is this situation beneficial to this market? Will the collapse of the USDT cause the entire market to collapse? What do you think will happen in the next situation?

BTC is like puppet master for the huge part of market and newbies like to invest it and then create a lot of noice, when something goes wrong. It is needed to be stopped.

[oioioi]

in my opinion not, because USDT doesn't really affect the market,
if Bitcoin and Ethereum they are very influential, because all altcoins use the ERC20 system on average

[trobbert]

USDT isn't crashing. Probably there was price manipulation and that;s why people panic about it.
nevertheless I am positive about USDT,it is the onlu liquid stable coin

[CryptoBry]

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!

Exactly and this just an application of the usual market forces (supply and demand) as well as some common sense. There are many factors that can affect the old supply of law and supply but one of its prime mover  is the confidence expressed upon something by the market movers. When investors, traders and just plain holders are looking forward for the bright future meaning the picture is bright and rosy we cna expect an upsurge but when the opposite can be true then there would be some fallout.

[virtual_miner]

I think for various reasons, but the main reason is that the amount of Tether is about $ 1.9B, not nearly $ 3 billion before. There is also competition from other stablecoin

[waser12]

I don't believe in the Theory of a large plot. Creation of USDT was a mean of making money as business. And sometimes shit happens in business.

[andreizver]

I heared that this situation is connected with some bad news and regulators. But another news which come after this - "USDT provide a documents from bank that they have a needed sume in the bank's". So - all this is speculation i think.

[petrcoin]

Actually there were transparency issues with usdt.

They said more than 2billion dollars in their bank account but didn't bring any proof. It combined with a proof and people just dumped it with any price they can get.

At the end, they released a statement about proof. So price back to normal.

[charlotte04]

Some people say that the mission of the USDT was created to collapse.Why does OKex trade all large-scale USDT futures explosions? This caused the entire market to start exploding, and coins such as Bitcoin Ethereum rose rapidly, and BTC rose 13%. Is this situation beneficial to this market? Will the collapse of the USDT cause the entire market to collapse? What do you think will happen in the next situation?

I think they seen that USDT has it flaws and they saw it that it will be a scam someday and they got out immediately before it happens.

[Hudora]

Some people say that the mission of the USDT was created to collapse.Why does OKex trade all large-scale USDT futures explosions? This caused the entire market to start exploding, and coins such as Bitcoin Ethereum rose rapidly, and BTC rose 13%. Is this situation beneficial to this market? Will the collapse of the USDT cause the entire market to collapse? What do you think will happen in the next situation?

BTC is stable during last 4 month. After a significant fall, there is always a recovery. Since market is usually falls down with BTC, there is nothing special about it.

[lihongjing]

Other stable coins can weaken its power because it is the strongest stable currency. At least it was the earliest stable currency, so many people are willing to believe it, but its opponents want to beat it. Unless the new stable currency is enacted by the national government, this is basically impossible.

[EducoinVietnam]

Some people say that the mission of the USDT was created to collapse.Why does OKex trade all large-scale USDT futures explosions? This caused the entire market to start exploding, and coins such as Bitcoin Ethereum rose rapidly, and BTC rose 13%. Is this situation beneficial to this market? Will the collapse of the USDT cause the entire market to collapse? What do you think will happen in the next situation?

Real market reaction could not be determided by one single action, it needs much more time for participants to try new ways and find out real state of things.

[killerfrost]

Some people say that the mission of the USDT was created to collapse.Why does OKex trade all large-scale USDT futures explosions? This caused the entire market to start exploding, and coins such as Bitcoin Ethereum rose rapidly, and BTC rose 13%. Is this situation beneficial to this market? Will the collapse of the USDT cause the entire market to collapse? What do you think will happen in the next situation?

BTC is stable during last 4 month. After a significant fall, there is always a recovery. Since market is usually falls down with BTC, there is nothing special about it.

I have not seen any stability in the past few months, BTC's price has always fluctuated and moved under downtrend. Since the fall, the market and BTC fell below the summer and there is no sign of recovery

[krassy]

It is not necessary to tie the value of cryptocurrency to the dollar, the economy is now in anticipation of the crisis, many of the processes in the world trade directed against the us dollar, it will inevitably lead to a decline in the value of cryptocurrency to the dollar. It is better in my opinion to use more stable currencies Japanese yen or British pounds.

[Barbatos]

Some people say that the mission of the USDT was created to collapse.Why does OKex trade all large-scale USDT futures explosions? This caused the entire market to start exploding, and coins such as Bitcoin Ethereum rose rapidly, and BTC rose 13%. Is this situation beneficial to this market? Will the collapse of the USDT cause the entire market to collapse? What do you think will happen in the next situation?

If BTC will drop to 5k, market will feel major loss, but USDT is not the kind of toke that is able to be leader for significant changes.