Will Tether crash to $0?

[arifteguhr]

In respects with your inquiry yes it's protected to hold your asset it will save you from smashing as well if the market will decline, additionally it's the most steady coin on the lookout so you ought not stress over it that much. I think it is protected to hold tie when you feel the market isn't adequate to enter the exchange.

Your explanation is very precise and may be very helpful for the creator of this topic, because maybe he doesn't know Tether completely, so he made this kind of question and now there are many answers that he can understand well in general.

[Handsome Boy]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Tether will never reach $0, because if the price of Tether reaches $0, then it's means Tether is not safe anymore (scam), because Tether is a stable coin and is in the top 5 on coinmarketcap, so the price of Tether will always be stable and will not crash to $0, because Tether has a lot of support (high volume and market cap).

[fullhdpixel]

I'd assume that the whole market will crash after Tether goes to $0. That's because Tether is the one stablecoin which moves the market. Ever since the stablecoin launched, the issuer (Bitfinex) has been "printing" new coins with the aim to manipulate the market. Without Tether, the market will be doomed. Prices of major crypto assets will recover after that, albeit at a slow and steady pace. There's no need to worry about Tether since there are a wide number of options to choose from. With a decentralized stablecoin like DAI, there's no need to rely on centralized stablecoins anymore. Time will tell us whenever Tether will survive or become a failed experiment.

Contrary to popular belief, tether is not the thing that keeps bitcoin alive, just the opposite it is the thing that keeps it low. When tether crashes to zero, where does that money go to? Will it go to dollar directly? It will go to bitcoin, people who sell their tether will cause it to go down, because without people selling USDT then how could it go down?

If people are selling for it to go down, then what are they getting in return? If they are selling that means they need to get something in return, even if they are selling it for 10 cents they need to get something in return, and that is 99.99% of the time will be bitcoin, hence the price of bitcoin will skyrocket insanely high, think about 50+ billion dollars worth of bitcoin bought at the same period, even if it is just 5-6 billion dollars that is going to impact the price amazingly well.

[Woodie]

What would constitute for a crash in the first place? Going down to zero dollars isn't possible remember that some coins are lost forever some have their owners not able to access them because of forgotten private keys which means these will save some of its value..

For your information tether crashing to zero means we have a financial crisis in real life because it's pegged to perform and mimic how price moves based on the US dollar .

[South Park]

That's right I think it's quite strange if there are still people who doubt USDT,
I don't think we need to worry about USDT and it's safe,
if you are not sure maybe we can follow the movement of USDT market capitalization

It is not strange at all that people doubt USDT, only those that know nothing about USDT trust completely in it, over the years there have been many doubts about whether or not each USDT is backed by one dollar as they say and there is decent evidence that shows that at least for a time this was not the case, which should have caused the price to go down, and when we take into account its centralized nature it is natural that people doubt it.

[Vaculin]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

It is the same asking "if Bitcoin will crash to $0?"
I couldn't remember that stablecoins had become $0 market value last 2017, maybe those shitcoins, not USDT, BUSD, and other stable coins.

if ever I miss that thing but in this time, I have no doubt that it will happen again. I mean, the market is growing, many traders are using Tether as trading pairs to BTC and altcoins. And for that high demand, it surely becomes impossible that it losses again its value.

[Om.monata]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

stop comedy guys. tether will not break easily, you need tether to make the coin stable and like a dollar. even today tether is nominated as the safest coin to store assets. so it's impossible if the tether is 0

[Theones]

I don't think it will  go down to zero but since its a centralized one anything can happen to this coin. Just like binance freezed converting btc to usdt in latest bloodshed. We can never predict behaviour of these centralized things.

[domoy77]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

stop comedy guys. tether will not break easily, you need tether to make the coin stable and like a dollar. even today tether is nominated as the safest coin to store assets. so it's impossible if the tether is 0

The comedy he makes is not funny even though he made this on purpose, because Tether has been used by many cryptocurrency users since the past until now and there has never been any complaint regarding its use, so how can it be 0, so it's a deliberate comedy it's annoying sometimes too.

[livingfree]

I don't think it will  go down to zero but since its a centralized one anything can happen to this coin. Just like binance freezed converting btc to usdt in latest bloodshed. We can never predict behaviour of these centralized things.

And the future of it is in their hands.

It's manipulative and they can do a maneuver whenever they see the falling of it comes. But it's highly unlikely to see Tether crash to zero.

Many times did people thought of it a few years ago yet it's still there standing and giving the highest volume in trades.

[ene1980]

~
It's manipulative and they can do a maneuver whenever they see the falling of it comes. But it's highly unlikely to see Tether crash to zero.

Many times did people thought of it a few years ago yet it's still there standing and giving the highest volume in trades.

The huge volume of trades can vanish anytime. How many times we have seen coins and projects with huge volumes of trade and exchanges with huge volumes vanish just like that, either due to a major hack or some sort of legal issues. With the legal issues Tether is having and the court cases they are involved you cannot blindly say that it will never happen. We will see how long it can sustain these levels once regulations kicks in globally.

[Xampeuu]

I don't think it will  go down to zero but since its a centralized one anything can happen to this coin. Just like binance freezed converting btc to usdt in latest bloodshed. We can never predict behaviour of these centralized things.

And the future of it is in their hands.

It's manipulative and they can do a maneuver whenever they see the falling of it comes. But it's highly unlikely to see Tether crash to zero.

Many times did people thought of it a few years ago yet it's still there standing and giving the highest volume in trades.

logically it is difficult if tether will reach zero especially in the near term, if we look at the size of the trading volume in usdt. but with a legal case, anything can happen, so it's just a matter of how well tether is in resolving the legal case, and this will certainly affect investor confidence.

[livingfree]

~
It's manipulative and they can do a maneuver whenever they see the falling of it comes. But it's highly unlikely to see Tether crash to zero.

Many times did people thought of it a few years ago yet it's still there standing and giving the highest volume in trades.

The huge volume of trades can vanish anytime. How many times we have seen coins and projects with huge volumes of trade and exchanges with huge volumes vanish just like that, either due to a major hack or some sort of legal issues. With the legal issues Tether is having and the court cases they are involved you cannot blindly say that it will never happen. We will see how long it can sustain these levels once regulations kicks in globally.

I don't think that it can vanish in an instant. It will gradually be gone if there's no more volume with it but I don't think that it will vanish as immediate as a snap of a finger. This is Tether and this is different from those projects that have vanished an instant, there's been a huge volume on it for a long time, I'm not defending it.

I'm just stating a fact that if ever there's some bad news on it, it can't be gone on that time quickly.

I don't think it will  go down to zero but since its a centralized one anything can happen to this coin. Just like binance freezed converting btc to usdt in latest bloodshed. We can never predict behaviour of these centralized things.

And the future of it is in their hands.

It's manipulative and they can do a maneuver whenever they see the falling of it comes. But it's highly unlikely to see Tether crash to zero.

Many times did people thought of it a few years ago yet it's still there standing and giving the highest volume in trades.

logically it is difficult if tether will reach zero especially in the near term, if we look at the size of the trading volume in usdt. but with a legal case, anything can happen, so it's just a matter of how well tether is in resolving the legal case, and this will certainly affect investor confidence.

It is true that anything can happen. But I believe that if ever it drops in value, we'll see it a little by little.

[Pamadar]

I don't think it will  go down to zero but since its a centralized one anything can happen to this coin. Just like binance freezed converting btc to usdt in latest bloodshed. We can never predict behaviour of these centralized things.

And the future of it is in their hands.

It's manipulative and they can do a maneuver whenever they see the falling of it comes. But it's highly unlikely to see Tether crash to zero.

Many times did people thought of it a few years ago yet it's still there standing and giving the highest volume in trades.

logically it is difficult if tether will reach zero especially in the near term, if we look at the size of the trading volume in usdt. but with a legal case, anything can happen, so it's just a matter of how well tether is in resolving the legal case, and this will certainly affect investor confidence.

The volume of tether inside the exchange is really huge and seems not to be moved as quickly as that.
but like what you have said legal cases may affect this stable coin, when there are cases that being file against the existence of this coin the developing team needs to counter and try to resolve as quick as possible, if major case that may cause for whole collapse then the chance is possible for tether to break the value and be worthless in the long run.

There are always possibilities as we don't know how this market will turn against any assets, the team behind and the end users who continue supporting the coin both are important to continue surviving.

[bitterguy28]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

stop comedy guys. tether will not break easily, you need tether to make the coin stable and like a dollar. even today tether is nominated as the safest coin to store assets. so it's impossible if the tether is 0

The comedy he makes is not funny even though he made this on purpose, because Tether has been used by many cryptocurrency users since the past until now and there has never been any complaint regarding its use, so how can it be 0, so it's a deliberate comedy it's annoying sometimes too.

from 2017 meaning it has been 4 yeas now yet Tether is still alive and kicking , this is enough answer for this question and no need elaborations .
the value of tether will remain as is , because this is stable coin and if there might be some thread i'm sure this can face and will win against those like USDC and other stable coins.
and also tether had been stablished their support from the crypto community over the years , i even hide  my funds when volatility shows rampantly .

[Abiky]

And the future of it is in their hands.

It's manipulative and they can do a maneuver whenever they see the falling of it comes. But it's highly unlikely to see Tether crash to zero.

Many times did people thought of it a few years ago yet it's still there standing and giving the highest volume in trades.

I wouldn't say "it's highly unlikely Tether will crash to zero" since stablecoins are not guaranteed to hold their peg for lifetime. A full government crackdown, a major hack, or the issuer "running away with the money" could make Tether go all the way to $0. The risk is too high for something that's utterly-centralized. People are better off cashing out their crypto into Fiat than a stablecoin. DAI is a much better option than Tether, but it's not a perfect solution. Expect Bitfinex to print new Tether like there's no tomorrow in order to manipulate the market to its own benefit. Once Tether goes down the drain, cryptocurrencies will have a hard time to recover back to their original price. At least, Blockchain tech won't be going anywhere thanks to its decentralized and censorship-resistant nature. And that's what truly matters here. Just my thoughts

[livingfree]

And the future of it is in their hands.

It's manipulative and they can do a maneuver whenever they see the falling of it comes. But it's highly unlikely to see Tether crash to zero.

Many times did people thought of it a few years ago yet it's still there standing and giving the highest volume in trades.

I wouldn't say "it's highly unlikely Tether will crash to zero" since stablecoins are not guaranteed to hold their peg for lifetime. A full government crackdown, a major hack, or the issuer "running away with the money" could make Tether go all the way to $0. The risk is too high for something that's utterly-centralized. People are better off cashing out their crypto into Fiat than a stablecoin. DAI is a much better option than Tether, but it's not a perfect solution. Expect Bitfinex to print new Tether like there's no tomorrow in order to manipulate the market to its own benefit. Once Tether goes down the drain, cryptocurrencies will have a hard time to recover back to their original price. At least, Blockchain tech won't be going anywhere thanks to its decentralized and censorship-resistant nature. And that's what truly matters here. Just my thoughts

There's no question cashing out with DAI as it's a decentralized stable coin. I'm open for every possible scenario with stable coins especially with Tether but with its volume that we can see, that's what I'm thinking that unlikely to happen.

If there's a major hack and crackdown from the government, we might see a quick response from USDT itself but I guess it will gradually happen so there's still time for it to recover.

Although everything that you've said about the possibilities, I do agree.

[CaVO32]

And the future of it is in their hands.

It's manipulative and they can do a maneuver whenever they see the falling of it comes. But it's highly unlikely to see Tether crash to zero.

Many times did people thought of it a few years ago yet it's still there standing and giving the highest volume in trades.

I wouldn't say "it's highly unlikely Tether will crash to zero" since stablecoins are not guaranteed to hold their peg for lifetime. A full government crackdown, a major hack, or the issuer "running away with the money" could make Tether go all the way to $0. The risk is too high for something that's utterly-centralized. People are better off cashing out their crypto into Fiat than a stablecoin. DAI is a much better option than Tether, but it's not a perfect solution. Expect Bitfinex to print new Tether like there's no tomorrow in order to manipulate the market to its own benefit. Once Tether goes down the drain, cryptocurrencies will have a hard time to recover back to their original price. At least, Blockchain tech won't be going anywhere thanks to its decentralized and censorship-resistant nature. And that's what truly matters here. Just my thoughts

There's no question cashing out with DAI as it's a decentralized stable coin. I'm open for every possible scenario with stable coins especially with Tether but with its volume that we can see, that's what I'm thinking that unlikely to happen.

If there's a major hack and crackdown from the government, we might see a quick response from USDT itself but I guess it will gradually happen so there's still time for it to recover.

Although everything that you've said about the possibilities, I do agree.

First and foremost, how sure are we that USDT is now fully-backed with USD assets? Because if in the future, someone will disclose that they really don't have the assets they claimed, they will lost the trust from their investors as well as holders. But right now, it seems they are doing good in handling their assets. Major hack definitely will have great impact on them. So they really need to secure their network at all cost.

[bayudndy]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

That will never happen, the current crypto market is completely different from the previous periods. Acceptance by a number of countries as well as leading corporations are important steps, although there are still many problems to make it more popular in life. After all, leverage, stablecoins, and market confidence are the inevitable conduits of any crypto downturn, big or small. USDT has a lot of fuds, but honestly things can't be perfect the way we want. We are simply aiming for the good things in life, and there is no reason for it to be meaningless when it has been built to this day.

[SquallLeonhart]

I wouldn't say "it's highly unlikely Tether will crash to zero" since stablecoins are not guaranteed to hold their peg for lifetime. A full government crackdown, a major hack, or the issuer "running away with the money" could make Tether go all the way to $0. The risk is too high for something that's utterly-centralized. People are better off cashing out their crypto into Fiat than a stablecoin. DAI is a much better option than Tether, but it's not a perfect solution. Expect Bitfinex to print new Tether like there's no tomorrow in order to manipulate the market to its own benefit. Once Tether goes down the drain, cryptocurrencies will have a hard time to recover back to their original price. At least, Blockchain tech won't be going anywhere thanks to its decentralized and censorship-resistant nature. And that's what truly matters here. Just my thoughts

I agree that it is obvious for stablecoins to crash one day, I do not know when that will happen but I am 100% sure that it will definitely happen one day. All of those things that you listed looking like they are possible things and that is why I believe that any of them could happen at any time and could result with tether crashing big time. Just to think that tether getting one big hack could result with all of this being zero very quickly.

Or even a government crackdown like you said could be horrible, they have wealth all over the world and some of them getting confiscated means that they are no longer backing tether up 1 to 1 ratio and people realizing that will result with them selling all they have and a sudden devaluation of USDT to under 95 cents will make people go into panic mode and the price crashing could get faster and faster.