If you invested in Tether a year ago

[DT-waw]

Read Deso Games analysis of Tether. It is extremely long - most will fail to grasp 10% of what he writes.... Thats why ponzi keeps going

 

[Pekelo]

Do you believe that the backing doesn't exist?

Correct, even according to them. I forgot how much they acknowledged it was 70% backed or something.

What the crypto economy has taught us though, if something happens at one exchange/issuer, it most likely is happening at the others too.

 

[Pekelo]

How low do you think BTC will go when Tether collapses?

I don't think it is necessary price related. After all Tether existed when BTC bottomed at 3K. A rumor can start a run on one of the exchanges and because everything is related and crossloaned among them, like dominos, they keep falling and they could start a Tether collapse.

Here is an example:

https://www.reddit.com/r/path%3D%252Fr%252FButtcoin%252Fcomments%252Fyuc2gv%252F

You may ask: Why does crypto.com have ANY coins held at a direct competitor?