What happens if USDT falls down?

[Princess_Devi]

We know that USDT is coming back from the most horrific situations from the past. But I want you to answer this, what do you do if someday without any signs USDT falls back to 0.1-0.2$? What do you do? Can you survive in this situation? What do you do if you put all your assets in USDT?

Just curious to know your answer. Don't say reasons that it won't happens, because I want to know if something this kind of thing happens in future what will you do?

Of course it will put a dent on the market, as we all know stable coins are pegged 1:1 and we used it as hedge when the price is going down. And if the price of USDT is not pegged then it's going to be a concern for us as it will be very negative for investors. Not saying that the market will collapse, but there is a huge repercussions.

If you ask my replay to this, I can say I will ok with it. Because I put my 20% into USDT right now. Why? because you know guys there is an Old saying Never put your all eggs in the same basket.  

So are you ok losing value when it goes like 1 USDT to .098$?

Obviously, your 20% is going down in value as well. And one more thing, USDT is not crypto that is used for investment, so your saying is not applicable here.

Am I Ok? Yes, I'm okay that's nearly 25000-26000$. I can recover that money just in 7-8 months only using my OnlyFans, ha ha 

[Oneandpure]

If USDT suddenly crashes like UST, it will have a huge effect on the market as USDT occupies a large part of the market. And many may suffer greatly.  USDT is trusted by many people and many hold huge money through usdt. If i say my personal thing i use usdt but don't hold all my money in usdt.  I hold about 2-5% of my total assets in crypto and  keep 25-30% of that in USDT from this budget  and rest is other coins.  So even if USDT crashes, I have no chance of major losses.

Still can't forget with suddenly crashes from USTC stable coins with Terra Luna network until right now because my position staking that stable coins and loss almost 30%, for the future have been selective when staking or holding stable coins due many kinds network launch their stable coins. I think most trusted stable coins are USDT and BUSD with Binance exchange back up and not interested with holding other kinds of stable coins worry will follow what happen on UST.

Not recommended hold assets in USDT or other stable coins because not profitable yet than holding altcoin or bitcoin, I think with low profit earn as short or long term holding better put our assets in Bitcoin and hold few percent in Stable coins.

[Xal0lex]

We know that USDT is coming back from the most horrific situations from the past. But I want you to answer this, what do you do if someday without any signs USDT falls back to 0.1-0.2$? What do you do? Can you survive in this situation? What do you do if you put all your assets in USDT?

Just curious to know your answer. Don't say reasons that it won't happens, because I want to know if something this kind of thing happens in future what will you do?

If you ask my replay to this, I can say I will ok with it. Because I put my 20% into USDT right now. Why? because you know guys there is an Old saying Never put your all eggs in the same basket. 

I will do nothing, although the option of such a fall is extremely low and unlikely. It's like speculating what we will do if bitcoin falls to 100 bucks. If USDT or bitcoin falls to such low values instantly, there is nothing you can do anyway and you will have to accept the current reality. The collapse of USDT will pull the entire crypto industry with it, as there are very large capitals in cryptocurrency, they are unlikely to allow this to happen, so that the main stablecoin of the crypto industry will lose 90% of its value.

[Beparanf]

We know that USDT is coming back from the most horrific situations from the past. But I want you to answer this, what do you do if someday without any signs USDT falls back to 0.1-0.2$? What do you do? Can you survive in this situation? What do you do if you put all your assets in USDT?

Afaik, USDT still doesn’t suffer any horrific events before because the only time they suffer a noticeable depeg is during the time when USDC depeg significantly due to the banks storing their reserves encounter some issue. But USDT on the other hand doesn’t have any direct issue aside from the old criticism to them for not being transparent.

Their recent issue might be the first time for them to encounter a serious problem but crypto market will surely recover quickly since there’s a lot of stable coin available as alternative.

[Wexnident]

I've never really put all my coins into USDT in the first place so I don't think it'd affect me much. I just use it as a transition sometimes and as a method of transfer if needed. That's concerning USDT though. I fear that if it ever actually drops to such low levels, it isn't just USDT that will be affected, the entire market would probably crash down like a snowball, and my other altcoins (maybe even Bitcoin) would experience quite a drastic drop.

I'd definitely survive it though, my money on crypto isn't what I consider as savings in the first place. It's not that big of an amount as well, I can probably work my ass for a few months to get it all back, unless ofc the coins I invested go up.

[GreatArkansas]

The era of FUD on USDT for me is already done.
It's already 2023 and I will not see any FUD about the USDT depeg.

But let's just answer OP of the "what if"

My answer is the market will crash, extremely crash including Bitcoin and other altcoins.
After that, even other stablecoins for sure will get affected even USDT will only, it's because of fear that other stablecoins could be also depeg because the highest market cap stablecoin and the first stablecoin crashed.
After that, Bitcoin will recover just nothing happens as Bitcoin doesn't need stablecoin at all.

[blockman]

Am I Ok? Yes, I'm okay that's nearly 25000-26000$. I can recover that money just in 7-8 months only using my OnlyFans, ha ha 

LOL, that's easy money for you guys who are content creators there.

The era of FUD on USDT for me is already done.

I agree that all of the bad news against it has already been defunct and that they've got a reserve fund or proved that they've got really that amount backing up the supply.

It's already 2023 and I will not see any FUD about the USDT depeg.

What is more likely is the other stable coins that can depegged. That's still possible and many of them could go out to the market when the bull run arrives. Tron network has just launched that type of stable coin and that's why it's another ugly impression and project done on it by its developers.

[LogitechMouse]

~
Just curious to know your answer. Don't say reasons that it won't happens, because I want to know if something this kind of thing happens in future what will you do?

It won't happen because... JK
What will I do? None.

I saw UST (Terra Luna's Stablecoin) got de-pegged a few months ago because of a glitch that caused their token, and their stable coin to lost it's value. With what, it just shows that any stable coin might suffer the same thing as well, and no stable coin is safe even USDT. Tether might've dodge some problems, and solved it in the past, but I believe that there will be a time where there might be an event, or problem with it that might cause the stable coin to de-pegged to the US dollar.

Having said all of that, I will not do anything because I don't have any plans on touching any stable coins or holding it in mid to long term.

~
I can recover that money just in 7-8 months only using my OnlyFans, ha ha 

So you're one of those girls out there who are showing their body to earn money then.
Well, just continue what you are doing as long as you aren't doing anything wrong, and aren't harming other people. There's a huge money in that site.

[rojan]

We know that USDT is coming back from the most horrific situations from the past. But I want you to answer this, what do you do if someday without any signs USDT falls back to 0.1-0.2$? What do you do? Can you survive in this situation? What do you do if you put all your assets in USDT?

If USDT suddenly crashes like UST, it will have a huge effect on the market as USDT occupies a large part of the market. And many may suffer greatly.  USDT is trusted by many people and many hold huge money through usdt. If i say my personal thing i use usdt but don't hold all my money in usdt.  I hold about 2-5% of my total assets in crypto and  keep 25-30% of that in USDT from this budget  and rest is other coins.  So even if USDT crashes, I have no chance of major losses.

If USDT crashes somewhere then I will lose all my money. Because I keep all my money in USDT. But now I thought I will invest the money in different places so that if any coin ever crashes then all the money will not be lost.USDT is reliable to me that's why I like to keep money in USDT. But if USDT ever crashes crypto market will suffer huge loss. It may take years to recover from this loss. Hope to see something like that No, we still need to take some precautions so that our money is safe in case of such an incident.

[Princess_Devi]

~
Just curious to know your answer. Don't say reasons that it won't happens, because I want to know if something this kind of thing happens in future what will you do?

It won't happen because... JK
What will I do? None.

I saw UST (Terra Luna's Stablecoin) got de-pegged a few months ago because of a glitch that caused their token, and their stable coin to lost it's value. With what, it just shows that any stable coin might suffer the same thing as well, and no stable coin is safe even USDT. Tether might've dodge some problems, and solved it in the past, but I believe that there will be a time where there might be an event, or problem with it that might cause the stable coin to de-pegged to the US dollar.

Having said all of that, I will not do anything because I don't have any plans on touching any stable coins or holding it in mid to long term.

~
I can recover that money just in 7-8 months only using my OnlyFans, ha ha 

So you're one of those girls out there who are showing their body to earn money then.
Well, just continue what you are doing as long as you aren't doing anything wrong, and aren't harming other people. There's a huge money in that site.

Onlyfans is not only for nudes. There are plenty of things you can do there. But unfortunately, it's popular only in an adult niche among people. 

[OgNasty]

We know that USDT is coming back from the most horrific situations from the past. But I want you to answer this, what do you do if someday without any signs USDT falls back to 0.1-0.2$? What do you do? Can you survive in this situation? What do you do if you put all your assets in USDT?

Just curious to know your answer. Don't say reasons that it won't happens, because I want to know if something this kind of thing happens in future what will you do?

If you ask my replay to this, I can say I will ok with it. Because I put my 20% into USDT right now. Why? because you know guys there is an Old saying Never put your all eggs in the same basket. 

If USDT were to crash it would be catastrophic to the crypto space. Their team (company or whatever) would likely have to start mass selling off assets to try and keep the peg to the dollar alive. As long as they don’t do anything shady though and they have the assets they do, a run that broke the peg and allowed them to buy back USDT below $1 would be quite beneficial to them.

[DeathAngel]

Obviously you’re right to never put all your eggs in one basket but USDT is solid, I firmly believe that they are OK. There has been several audits & they continue to be trustworthy. Obviously you can never be 100% sure about anything but I think USDT is safe.

[Pandji02]

We know that USDT is coming back from the most horrific situations from the past. But I want you to answer this, what do you do if someday without any signs USDT falls back to 0.1-0.2$? What do you do? Can you survive in this situation? What do you do if you put all your assets in USDT?

If USDT suddenly crashes like UST, it will have a huge effect on the market as USDT occupies a large part of the market. And many may suffer greatly.  USDT is trusted by many people and many hold huge money through usdt. If i say my personal thing i use usdt but don't hold all my money in usdt.  I hold about 2-5% of my total assets in crypto and  keep 25-30% of that in USDT from this budget  and rest is other coins.  So even if USDT crashes, I have no chance of major losses.

If USDT crashes somewhere then I will lose all my money. Because I keep all my money in USDT. But now I thought I will invest the money in different places so that if any coin ever crashes then all the money will not be lost.USDT is reliable to me that's why I like to keep money in USDT. But if USDT ever crashes crypto market will suffer huge loss. It may take years to recover from this loss. Hope to see something like that No, we still need to take some precautions so that our money is safe in case of such an incident.

Why are you holding all your money in USDT? I mean, it's a stablecoin, that's an interesting choice to say the last. But I'm not judging.

[AnonBitCoiner]

We know that USDT is coming back from the most horrific situations from the past. But I want you to answer this, what do you do if someday without any signs USDT falls back to 0.1-0.2$? What do you do? Can you survive in this situation? What do you do if you put all your assets in USDT?

Just curious to know your answer. Don't say reasons that it won't happens, because I want to know if something this kind of thing happens in future what will you do?

If you ask my replay to this, I can say I will ok with it. Because I put my 20% into USDT right now. Why? because you know guys there is an Old saying Never put your all eggs in the same basket. 

Some days ago USDT price falls little with doller pig to 0.99 according to coinmarkecap and yes this true that USDT was fall in past and possible also in future as usdt has no backup this time despite of large volume. If this happen whenever then there is no way to do except passion and hold it until it goes back to original price. If I sell in down price then obviously it will give me only loss and i will not loss until i sell it.

Some months when usdc and Di was down then my friend sold at 0.9$ but after some days the price back to original price. by the way people love to hold btc instead of usdt and i am also holding very less usdt so no problem if this could happen ever

[@sriyan]

We know that USDT is coming back from the most horrific situations from the past. But I want you to answer this, what do you do if someday without any signs USDT falls back to 0.1-0.2$? What do you do? Can you survive in this situation? What do you do if you put all your assets in USDT?

Just curious to know your answer. Don't say reasons that it won't happens, because I want to know if something this kind of thing happens in future what will you do?

If you ask my replay to this, I can say I will ok with it. Because I put my 20% into USDT right now. Why? because you know guys there is an Old saying Never put your all eggs in the same basket. 

The best thing is to divide the stablecoin portfolio into USDT, USDC, BUSD, and DAI.

Eg:  If your total stable pool is X, you can store the stable coins like this. This will reduce the risk of the stable portfolio.

USDT = X/4
USDC = X/4
BUSD = X/4
DAI   = X/4

[ultrloa]

We know that USDT is coming back from the most horrific situations from the past. But I want you to answer this, what do you do if someday without any signs USDT falls back to 0.1-0.2$? What do you do? Can you survive in this situation? What do you do if you put all your assets in USDT?

Just curious to know your answer. Don't say reasons that it won't happens, because I want to know if something this kind of thing happens in future what will you do?

If you ask my replay to this, I can say I will ok with it. Because I put my 20% into USDT right now. Why? because you know guys there is an Old saying Never put your all eggs in the same basket. 

It surely can happen since there are supposed to be stable coin drop its price due to Luna crash incident happen before see this link https://www.coindesk.com/learn/the-fall-of-terra-a-timeline-of-the-meteoric-rise-and-crash-of-ust-and-luna/

The incident could happen to USDT to if there big anomaly or controversy will happen unto it. So if you are worried about same situation might happen then don't hold that to much like letting it sleep for years. Since we know crypto is prone from any hacks or government created issue so if worried about such thing don't hold any amount which you can't afford to lose.

[Doovla3]

I see many money-making sites that are using USDT as main coin for that. In that reason it will be very stable for many months ,it will go higher than today.

[Doovla3]

Comparing to others altcoins ,yes, it does not have long high rising value but it has gained consistancy. That is big plus for USDT. No falling down.

[abel1337]

I see many money-making sites that are using USDT as main coin for that. In that reason it will be very stable for many months ,it will go higher than today.

What do you mean by money making sites? You are obviously off topic and I don't  know what is the thing that will go higher. Usdt?

If USDT falls into .1-.2 price range, I'm pretty sure that a market crash will follow as we had saw from the past. Remember LUNA crash along with it's stable coin UST, a huge market crash was the result of UST depegged. I strongly believe that it can happen if a major stable coin such as USDT happen to have the same fate as UST.

[danherbias07]

Let's say it will happen.
It's actually a difficult question when you are in the moment. Using other altcoins that fell down could be a good example.
Anyway, if it does happen, I won't sell. Why? How much money is gone if you sell? I'd rather patiently wait for it to recover because I think that it could happen considering the rule of 1:1.
There must be a plan from the owners of it to bring it back to where it should be. Selling will be suicide, I'd take the risk all the way and just help out at putting the value up by marketing it.