The investors feel that Bitcoin is a more stable coin thats why quickly sold their coin to invest but the price is discouraging as it stands now but the market will come up again in due time.
I guess it is an intrinsic & reasonable action which has to be made in a very short time. Regarding Tether, I am looking down to it as their only have one advantage which is they are the first mover, but more disadvantage.
There is no doubt that the market will come up again, but in a long-term view, Tether & those new stable coins pegged with fiat currency are pseudo-proposition, and the only opportunity is for bitcoin in the future.[/b][/color]
was Tether really the first stable coin created? I don't really remember but I think there were other stable coins very similar to Tether if not sooner but they were around alongside each other. it is just that Tether has the benefit that it is created by the same company as Bitfinex and having a big exchange behind it made it big not it being first.