Well..... wrote:
One typically doesn't sell Tether for Fiat. You are more likely to buy/sell Bitcoin/Eth and convert to Tether if needed.
As long as an exchange is a reasonably known one, to convert to Fiat, you should be fine.
Well…the exchanges aren’t close to fine
I did not read the whole thread so this may have already been pointed out but a big sell-off of any crypto will trigger its value going down. The lower value would require less Fiat currency to cover.
The same would be true of a precious metal like gold. If all of a sudden everyone started selling gold to the points people were worried about covering all of the value it would self-adjust down.
heieh3ge8sh wrote:
I did not read the whole thread so this may have already been pointed out but a big sell-off of any crypto will trigger its value going down. The lower value would require less Fiat currency to cover.
The same would be true of a precious metal like gold. If all of a sudden everyone started selling gold to the points people were worried about covering all of the value it would self-adjust down.
Is it good if it goes down then?