Followup to my last post on Tether (USDT) failure...

@CryptoSorted 16 October 2021 more from that month

Followup to my last post on Tether (USDT) failure... I understand that the #FUD a potential USDT failure would generate would fuel people's distrust for crypto and potentially cause cascading sell offs. However, this looming #Tether failure has been on for so long that I think nobody currently invested in crypto would be too surprised if it happens. The only issue I can see is that, the media will blow the news out of proportion to scare new investors, which I think would slow down the recovery from the drawdown of about $100 billion which would be taken out of the crypto market as a result of #USDT failure. Aren't we even due for a bear market already?... 😊 #crypto #cryptocurrency

2 comments

K@KamHus 16 October 2021

My gut feeling is the build up till now is a long awaited money making from the currently invested institutions. First the blow-off will happen then we'll a loooong dragged period of distrust and depression

@OldBastard 17 October 2021

Ya know, the great collapse of Tether has been predicted for so long that it may be a letdown, or nonevent even once it occurs. At least I hope so! On the other hand, maybe Tether never collapses. Maybe Tether proves all the "experts" wrong and keeps running strong for the next 80 years? I doubt it, but who knows?

K@KamHus 16 October 2021

My gut feeling is the build up till now is a long awaited money making from the currently invested institutions. First the blow-off will happen then we'll a loooong dragged period of distrust and depression
@OldBastard 17 October 2021

Ya know, the great collapse of Tether has been predicted for so long that it may be a letdown, or nonevent even once it occurs. At least I hope so! On the other hand, maybe Tether never collapses. Maybe Tether proves all the "experts" wrong and keeps running strong for the next 80 years? I doubt it, but who knows?