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If tether started crashing people would buy Bitcoin/eth like crazy to avoid holding tether. What would that do to the price of tether?
by DSingularity 6y ago
If tether started crashing people would buy Bitcoin/eth like crazy to avoid holding tether. What would that do to the price of tether?
- qeternity 6y agoYou would likely see crypto on unbanked exchanges skyrocket as the USDT denominator to most pairs goes to zero. This crypto would presumably be moved off exchange and sold elsewhere. So on legit exchanges, crypto crashes and on sham exchanges it moons.
- DSingularity 6y agoThanks. Seems obvious now that you write it.