Why didn't you listen?

Holy shit this looks promising, this will crash straight to 7.x only brief visit at the 8.x

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>but there is more evidence showing that things are fine
but there literally isn't. there is at least a billion or so that's unaccounted for. that's best case scenario.

tether won't go from $1.00 to $0.00 in a split second in your apocalyptic scenario. there will likely be news leading up to such an event, and time for people to move their tether into crypto or another stable coins, even if it's at $.90 or $.80. they may lose some money if tether crashes to $0.00 and don't get out in time, but it's not like an on and off switch.

I believe it’s 700 million, which is accounted for, just not in their control.

(Loaned to Bitfinex to cover frozen funds)

Can someone explain to me why banning tether would be bad for bitcoin? wouldn't all the people that are tethered forced to get out and buy bitcoin (or others) with it?

What am i missing here?

even if all $4billion tether was missing, that is 2% of the total crypto market cap. the markets wouldnt be affected at all in the long term

you’re not missing anything. it would definitely be a negative event, and would destroy some trust in the short term. but it would hardly be some catastrophic event.

Wouldn't that be speculators who got out of BTC in hopes of buying in lower? It sure would show as tether pump

did you even read through the thread kek

> it won't go that fast
who's gonna give you anything for tether if it's worthless ?

by the time the news spread there's a equal amount of tether holder and potential tether buyer learning it
sure a few lucky one will get out fast but the majority will get fuck and all this fake value will be lost

oh god you're so fucking dum, you just don't understand how and why the price move
it's astonishing really