Quote from: goigiacmove on July 28, 2019, 07:07:21 AM

Quote from: xtraelv on July 10, 2019, 01:57:58 AM

Tether now surpasses Bitcoin in market volume trade.

It means that if we don't take money traded in USDT in to account for total daily trading volume of bitcoin, bitcoin domination is much lower than what the domination of bitcoin presented on Coinmarketcap.com. It is just my guess, and not sure my thought is right. How do you think about this?

It shows that there is still a lot of reliance and speculation against the US$ without converting it to actual $.
Another thing it proves is that people are unperturbed by the lack of $ backing of the USDT

The fluctuations of bitcoin valued in US$ still make it difficult for commerce.

It also means people are using USDT to hedge against other crypto like Ripple, LTC and ETH without converting it to bitcoin first.