Tether Crashes, Bitcoin Rises

[Clavulanic]

I have no doubt that this is an element of manipulation. Someone earned very good money on this. Now there are a lot of stable coins on the market and a war begins between them. Unfortunately, this is very bad for us, as players of this system, but this is the crypto market ...

If you think that it's been driven below it's true value by manipulation, then you should put your life savings on it right now while it's artificially low. According to that thinking, it is a sure thing to go back to $1 where it belongs.

I doubt you, or anyone else, has that much faith in the integrity of Tether. 

It's U-N-R-E-G-U-L-A-T-E-D

I don't think that there is manipulation happening because Tether is not a good place to invest, for me, it just only a matter of crypto saver to make your investment intact while Bitcoin and altcoins are not in the good mood.

[gensol]

Everyone who was in tether was rushing to convert it to other tether convertible tokens that's why the surge in price of Btc. Not that price is relatively impacted.

[Astermony]

Tether is now recovering from the deficit, it is difficult to believe crashing, though it might be in the situation that it will slip a little but I know it is truly back up by USD that is why it can regain right away while Bitcoin is not totally rising it just maintaining the stableness of the value.

[BitcoinHodler]

Everyone who was in tether was rushing to convert it to other tether convertible tokens that's why the surge in price of Btc. Not that price is relatively impacted.

if you buy bitcoin with Tether price of it is NOT going to go up!

price of bitcoin is determined based on USD not USDT. if you buy it with Tether only BTC/Tether will change and to keep it the same as BTC/USD the arbitrage traders will balance it out. in this case Tether price was falling which meant BTC/Tether went up but BTC/USD stayed exactly the same.

[Esofdemon]

So what was the reason for Tether to fall down? Now they are laying with people who hold in cash and wait for better times to invest in crypto?

[BlackSociety]

personal idea
I don't think there is any cryptocurrency in the current market that can be compared with Bitcoin. All the altcoins can collapse, but Bitcoin can't!

[Aragorn_125]

Tether Crashes, Bitcoin Rises

Tether has fallen to its lowest level ever since it was invented in 2015, reaching $0.85 to…

Read more: https://www.trackcoinmarket.com/en/crypto-news/33559/tether-crashes-bitcoin-rises

Tether is popular, but always faces problems, then scammers then have power. I think the fall of this token for a while, as it is stable at the rate with the dollar. And now it’s not worth talking about Bitcoin at all, except for stability at the level of 6.5k.

[Doging]

This situation is created artificially for the purpose of market manipulation. The main thing is to keep cool and just wait.

[Nisharawal]

This situation is created artificially for the purpose of market manipulation. The main thing is to keep cool and just wait.

Yes, old news and nothing really didn't happen. I wonder how much was lost with panic sell and gained through calculated buy

[Violettochka]

It's sad to hear but what can we do? It's the phase many coins are going through now, we need to wait for the situation to improve.

[Lizzylove1]

Not a good news for a supposed stable coin, although I personally have never been a fan of Tether. I have always have my reservation about the currency, I just only seldom use it for a short trading, for now, am going to try to avoid it.

[tanvir232]

I don't know when you saw Tether at $0.85. It was like $0.96 or so at the lowest of this year. The previous one was $0.92 or so. I think it's a manipulation by Tether itself for dumping some BTC. That's what the big whales do.

[xvacator]

The tether will be back to the price before, and bitcoin will rise again. I don't think that tether will get down too deep and even if this is happening, I am sure tether will reach the high price. It will happen too with bitcoin, and I don't think that bitcoin will stay at a price now, it will increase. Don't worry if you see tether or bitcoin is down because that coin will reach the high price again.

[Kaller]

I have never believed that tether was a stable coin as they claimed, so many people bought the idea that the coin was a stable coin but now look at what is happening. It is better for you to invest in a coin that you can be sure that you will make money from instead of putting it in a coin you think will always be the same price and then it ends up going down.

[Xxmodded]

I have never believed that tether was a stable coin as they claimed, so many people bought the idea that the coin was a stable coin but now look at what is happening. It is better for you to invest in a coin that you can be sure that you will make money from instead of putting it in a coin you think will always be the same price and then it ends up going down.

Yes, it is true
the most severe between developers claim similarities for USD, silly isn't it.
there is no altcoin that stands alone especially in its stability.
bitcoin is a factor that makes the altcoin rise and fall along with the progress made by the developer. now is a fact that happened

[Perunex]

I am very glad, that Tether influence is decreasing (slowly though). There are much new stable coins which are indeed much more stable and transparent. The market is slowly leaning towards them.
It's also good to have many options open.

[Volk-05]

From the very beginning I did not support the tether, because it immediately seemed to me that the coin was created for manipulation!

[rickadone]

I am very glad, that Tether influence is decreasing (slowly though). There are much new stable coins which are indeed much more stable and transparent. The market is slowly leaning towards them.
It's also good to have many options open.

Yes over time, I have always known this as something that would happen eventually and like I always say, it is either tether itself implodes, or we get to see some legal action on the tether team and if care is not taken, that may be the end of tether. This is one of the reasons why a lot of investors hedging their funds have lost faith and now looking for better alternatives.

Alternatives are coming up daily with most exchanges even beginning to deal with fiat directly, and in that case, I would say the thing here is that, tether even though it has been used over the years, have failed to keep up with that part, where transparency should be a thing.

[Hektur]

What? Tether still costs 1USD.
But it is strange that still Tether exists. I would never store my money in Tether.

[Perunex]

I am very glad, that Tether influence is decreasing (slowly though). There are much new stable coins which are indeed much more stable and transparent. The market is slowly leaning towards them.
It's also good to have many options open.

Yes over time, I have always known this as something that would happen eventually and like I always say, it is either tether itself implodes, or we get to see some legal action on the tether team and if care is not taken, that may be the end of tether. This is one of the reasons why a lot of investors hedging their funds have lost faith and now looking for better alternatives.

Alternatives are coming up daily with most exchanges even beginning to deal with fiat directly, and in that case, I would say the thing here is that, tether even though it has been used over the years, have failed to keep up with that part, where transparency should be a thing.

Yes, exactly. But I am glad that the end of Tether will be done smoothly. Imagine Tether implosion now overnight... Market wouldn't recover for a long time.

In the long run, we are all much better without Tether. And nothing is too big to fail in crypto (yet).