Tether free market would be much more healthy for all of us !

Tether was supposed to be a coin where it was tied to the US dollar where 1 "tether" was "tethered/attached" to one dollar. So it was a nice way to "cash out" into a safe coin like tether that never lost its value. However they had to have $$ to back up the claim. They now need to account for over $2 billion dollars which its HIGHLY unlikely they have.

Why people used Tether ?

Some people believe that since it's a coin to coin transaction similar to bond to bond transfer that you wouldn't need to pay capital gain tax on that trade since it's not technically cash it's a coin....that acts as cash.

Some exchanges don't offer USD support with Bank transfers so if you wanna sell BTC at 19000 then rebuy in, tether offers a way to sit on the sidelines .

kinda of like reason 2 you can sit on the sidelines during a dip and be safe because like Doge coin 1 tether always equals 1 dollar

It seems like the hammer of justice comes down on Tether FINALLY. Although all of us might be worried about the drop in BTC price, if Tether is finally no more, we will have a healthy market that both already invested people and those who were considering but afraid.

Just hodl, do not overworry and make sure that you do not make ANY decision if you are emotional at the moment.

Personally speaking, if I was given the choice between a Tether-abundant market at 10-12k and a Tether-free market at 7k, I'd pick the latter.

Remember: Throughout its history, BTC always had dips, but re-emerged even though it took some time. If you believe in the technology and the cause .

Just HODL !!!!