How much lower crypto can go after a 50% correction. Much lower if tether USDT explodes.
Exposing Tether – Bitcoin’s Biggest Secret –
Tether is the 3rd biggest crypto currency after Bitcoin and Etherum. Tether is a type of stable currency. Tether is suppose to maintain a peg of 1 to 1 against the US dollar. Meaning for every 1 Tether, there must be 1 real US dollar held somewhere in a bank. If the issuer of tether keeps printing tether without real USD. It’s like you having a money printer at home. For the short term, it feels freaking good. For the long term you will burn everybody who used your money discovering it’s fake.