It is a coincidence, but why most of people who cash out their USDT to bitcoin, I do not think the coincidence can explain it.
when you sell an altcoin and get bitcoin in return, that doesn't change bitcoin price. otherwise bitcoin price should have shot up to the moon every day since there is a couple of altcoins being dumped (after their daily pumps). USDT is not an exception.
It did not change bitcoin price, but it showed us the investor's choice when they meet emergency, that is the nature of bitcoin - trustworthy.
USDT should not be an exception because it is a STABLE coin, maybe 2-3% up and down is acceptable, but not like that big.I did not mean bitcoin is a stable coin for now, but it started to show to us there is a potential to be a stable coin
again you are using the wrong term. bitcoin is now stable. it is not a stable coin. and this stability is a short term trend not something that will last forever. eventually when mass adoption is reached years from now, we can see a better stability.
It is not a stable coin and I never said it is stable coin for NOW, but who can guarantee it will not be one after 10 years? it will keep going up & get stable at some price level.Their fluctuation in the past leads to the birth of USDT。
you are wrong. USDT was not created because of fluctuations. instead it and all the similar ones were created because people who are trading cryptocurrencies prefer not to have anything to do with fiat. so having something that "acts similar to fiat" is useful.
I do not think so, USDT created because investors need it in their trading in exchange. For example, when they go to sleep, they wanna keep their profit in hand & will change them to USDT. Maybe some investors act as you mentioned above, but I am pretty sure it is not the majority. You think Tether has no trouble, ~
i don't know how you got that from my comments! Tether is in fact one of the shadiest and riskiest altcoins that has been created.