Tether will go down and you all know it
Tether will go down and you all know it
Everyone know’s Tether isn’t backed by 69 Billion Dollar. There is even a chance their safes are completely empty but we just accept it because we’ve gotten used to this Coin. It just became a meme of the crypto world that the biggest stable coin is basically a huge scam. For years we’re talking now about the day where this system might collapse and what it will cause to the whole market. Where the implosion of UST might have caught some by surprise this will be an event we all knew it was coming.
Danusushka de zoyza Answered question May 19, 2022
Maybe crypto is becoming what it is meant to be and the need for a “stable” coin tied directly to fiat is unnecessary and a broken concept.
Lakshitha Kumara Answered question May 19, 2022
If people think this crash is bad. You would not like to see what happens if Tether does indeed go down
Yohan Harsha Answered question May 19, 2022
Completely agree, in fact Luna put a big black eye on the whole crypto space for me. Right now I’m mostly only in eth, and waiting to see where this shit market goes to possibly jump back into btc. For now, they’re the only ones I’m even paying attention to. Will I miss some quick gains on ‘the next greatest token”, probably, but looking around at the state of the economy, my risk tolerance is almost at 0.