RE: Bitcoin’s Backlog Nearly Clears, Transactions Reach Lowest Level in Months

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Bitcoin’s Backlog Nearly Clears, Transactions Reach Lowest Level in Months

in bitcoin •  7 years ago 

I could'nt have said it better. With that being said though, what do you think happens with the market when/if Tether goes down?

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I think it would be pretty big on a short to medium term because Tether is what all traders use to trade in and out of crypto. The whole markets volume would be crushed. Hopefully exchanges can onboard proper fiat trading before/if Tether crashes. Bittrex looks to have jumped through the regulatory hoops and plans to do just that very soon.