Can this coin withstand a catastrophic crash? Or would we more likely see its value plummet along with the rest of the market.
Its actually mooning
>>3317758
It's backed by dollars
doesn't matter, will be worth the same in the long wrong. Of course, with inflation your value is technically depreciating.
>>3317758
It withstood the crash of BTC under $2000 earlier this year so it would probably withstand another one just fine.
>>3317925
It only needs to be backed by USD on a USD/USDT exchange like Bitfinex has. Anywhere else it just functions like a cryptocurrency version of an IOU from the exchange based on whatever dollar value you decided to exchange the paired currency with Tether for.
I HAVE QUESTION -> DOES EVERYONE SELL BITCOIN AT ATH FOR USDT? in hopes that they will rebuy the bitcoin wen it comes down?