The best option when bear dominates the market.
Converting your crypto to USDT helps you to avoid more damage from your investment.
So far, seeing it crashing down to zero is still far to happen, even there are already alternatives, but
the superiority of USDT still high.
The only possibilities that it may happen is a self destruction from the developer itself, or pressure
from the government that can damage the actual activities inside this system..
Converting your crypto to USDT helps you to avoid more damage from your investment.
So far, seeing it crashing down to zero is still far to happen, even there are already alternatives, but
the superiority of USDT still high.
The only possibilities that it may happen is a self destruction from the developer itself, or pressure
from the government that can damage the actual activities inside this system..
You've said it yourself. Only self-destruction from the developer itself or pressure from the government can put an end to Tether as we know it. Believe me, nothing is guaranteed to last forever. The industry is growing at a fast pace, so it should only be a matter of time before governments regulate it. Either Tether complies with regulators or fades away into oblivion. I'm pretty sure the company (Bitfinex) will comply with regulators in order to keep itself afloat. The stablecoin (Tether) is the biggest one on the market right now, so it's got nothing to lose. No one knows when (if it'll happen anyways) Tether will go to zero, since crypto land behaves in many strange and bizarre ways. As long as you diversify your investment into other stablecoins, you'll have nothing to worry about. Just my opinion
And I completely agree with you, as long as you are not putting everything with Tether and you are wise enough to divert portions of your assets to other stable coins.
or use crypto if you wish to wait for good compensation when the market for the coin start to pump up,
You always have your options. Just make sure to make a good use of it.,
you are always on a good side if you know how to value your investment,
Always look for the best reason. There's always information that you can use as a basis for better decision making.