Post
Topic
Board Altcoin Discussion
Re: What happens if USDT falls down?
by
rojan
on 07/08/2023, 03:47:39 UTC
We know that USDT is coming back from the most horrific situations from the past. But I want you to answer this, what do you do if someday without any signs USDT falls back to 0.1-0.2$? What do you do? Can you survive in this situation? What do you do if you put all your assets in USDT?
If USDT suddenly crashes like UST, it will have a huge effect on the market as USDT occupies a large part of the market. And many may suffer greatly.  USDT is trusted by many people and many hold huge money through usdt. If i say my personal thing i use usdt but don't hold all my money in usdt.  I hold about 2-5% of my total assets in crypto and  keep 25-30% of that in USDT from this budget  and rest is other coins.  So even if USDT crashes, I have no chance of major losses.
If USDT crashes somewhere then I will lose all my money. Because I keep all my money in USDT. But now I thought I will invest the money in different places so that if any coin ever crashes then all the money will not be lost.USDT is reliable to me that's why I like to keep money in USDT. But if USDT ever crashes crypto market will suffer huge loss. It may take years to recover from this loss. Hope to see something like that No, we still need to take some precautions so that our money is safe in case of such an incident.