Quote from: ckorbba on November 02, 2017, 09:47:09 PM

Quote from: redsun114 on November 02, 2017, 10:37:15 AM

Quote from: wiaczeslaw on October 31, 2017, 03:42:09 PM

this will really affect the sharp decline in prices, this process is long and just seems to be an outrageous one

The first thing is this that it is not at possible for this thing to happen, not in any way. In case there comes a time when we see the all the owners of crypto coins withdrawing their coins into paper money, then I think this thing will have very much serious consequences. This will affect the reputation of crypto currency severely and it will result in huge decrease in the market price of coins as well.

Perhaps this is happening today, because if you watch the market trend, you can definitely make sure that you are very much in price fluctuations, or even fall at the bottom of the levels.

But they are talking about something different. Remember USDT crysis between tether and american banks. The value of tether was $0.9 at that thim and Bitfinex was still issuing new USDTs without backing it.