Bitcoin Forum

what you think About "Tether" coin.

Tether is  a scam. There is no way that there is enough minted currencies that are made for all of the tether that are being pushed into the market. It is more of a bubble and people should stop converting their money into tether because it is not the same thing as USD and they should get out now before the price crashes

Looking into the recent past, we can pretty much marvel at the success of the Tether project. The volume of the issued tokens only for the current year has increased by more than 3500%. I can be mistaken, but in my opinion I see no special prospects, even despite past successes.

There are no confirmations and denials that Tether is a scam. Personally, I also think that there is not everything so simple with money security in the form of real money. I think this can be used as a transhipment coin. But no more and not for long. By the way, I like Tether analogues much more.

you can use it but you should never hold it and definitely not use it a lot.

Tether is very convenient because its price is always (99% of the times) equal to 1 USD. and that is a nice feature to have when trading and when you don't want to use fiat.
but it is a shady coin because it is centralized and the company behind it is shady. they don't have nearly enough funds to back all the tokens and they never even guaranteed the price of it so it can drop to $0.01 and there is nothing you can do about it. or it can even disappear and fall to zero.

as you said, Tether's price is always (99% of the times) equal to 1 USD. which is definately convinient. but as it is a centralized coin and i am among those people who love to hold. so it's bit tough for me to play with.

Tether is a trick. It is highly unlikely that there are sufficient stamped monetary forms that are made for the majority of the tie that are being pushed into the market. It is all the more an air pocket and individuals should quit changing over their cash into tie since it isn't an indistinguishable thing from USD and they ought to get out now before the value crashes. There is no one like bit coin.

With the help of Tether, you can convert dollars into cryptocurrency. Tether is convenient to use, but it has many confusions being scammy. You can use Tether but to a limited extent.

The problem is that a lot of exchanges have tether instead of real USD so you are basically forced to hold tether if you are a trader. Best thing to do is if you are planning to hold usd for a long time, do it in an exchange like bitstamp or similar that actually uses USD. Always diversify.

Tether is just one catastrophe away from crashing the whole crypto market. The number of people who have huge amounts of their money in tether is crazy and if the Tether turns out to be a scam or gets hacked in the future than there is nothing stopping the blood from flowing in the crypto markets.

Tether is not doing up to the mark these days compared to ethereum and bitcoin. If it doesn't develop it's features, i think the day is not that far that Tether will be no longer in this vast crypto market.

USDT is just a frustrating choice and I would not use it if there is a better choice. So I didn't feel much favor for it, but now I can't live without it.

I think, without a transparent audit, investors should look at alternative stable coins. Investors should thus be skeptical of coins that claim to have hundreds of millions of dollars backing them with no proof to back it up.

I agree to what you said.Its price is always fixed and never been pumping ever since its launched even it has reasonable increasing volume and just enough marketcap.Maybe it depends to fiat USD price directly. But I think it’s a better investment for those newbies in trading since its not that volatile, just my opinion only.

I think it's a great concept, but Tether is not a good execution of it. They won't let anyone independently verify that they have the reserves that they claim is backing the USDT. Ultimately, I think it is safe to use in the short-term to exchange funds, but I wouldn't want to be on the hook for their reserve shortfall long-term.

USDT Tether is good for trading to avoid big loss when all crypto down because this coin just has very small volatility. Tether will help to diversify risk when all crypto on bearish trend. But i heard Tether have some problem about AML and regulation. I dont use Tether for investment just for diversify risk.

Tether is a stable dollar substitute supposedly in one way or the other linked to the U.S. dollar. Experts fear that if tether collapses, it could have a "devastating" effect on the broader cryptocurrency market. its indeed a fast growing coin state to have an equivalent of 1dollar to 1 Tether.

Tether coin is full of scam and this makes people mad and It is all the more an air pocket and individuals should quit changing over their cash into tie since it isn't an duplicate or fake thing from USD and they are advantage take now they left from here so Bitcoin is the best and there is no scam and this coin has the future value. ::) ::)

Except for the volume in circulation, i think tether is still good to be used, but it is not a long one shpould hold for long. It should rather be a transient coin, because anything can happen to a coin with such nature at anytime. I do not use it though and i am not too sure if i will use it.

I'm just thinking about it tho, if it were to collapse somehow, people would want to get rid of tether, right? Wouldn't that actually push the prices up since everyone would be looking to buy any cryptocurrency with their tether at any price?

Tether is a great coin to lock in your profit since it is  stable coin. It has not deviated from it original price (1usd) for more than 20%. it can be use as a hedging strategy toward inflation coin.

I think this coin is a change of currency to the pairs of trades usdt.  She has no other function, personally for me. To store a lot of money in it is not worth it.

Crypto currency analogue of the dollar. Nothing is backed up (however, like the dollar itself) It keeps on trust. Theoretically it can depreciate in a second. I do not belong at all, because I keep money in Altcoins =))

You do get that Tether is meant to hold its value around 1 USDT = 1 USD. The whole point for Tether is to remove the need for FIAT to store your crypto gains.

But still, USDT is kinda shady. Basically, one company has the power to print money when they want.

It is assumed to be a token backed by usd but i am not sure if it is really true, i mean there is already huge supply of usdt in the market we never know if it actually have same number of us dollars in the bank account backing this token or not, so the genuinity of this token is still under question, i hope there will be devised a way where we can track amount of dollars backing it.

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And what about her can think. It's just a exchange dollars and nothing more. A convenient coin to buy assets and no more

I think having a stable coin is a really useful thing. I also think having a few different options like trueusd, alchamint etc are really good too as many people have lost faith in tether lately

I personally don't believe tether doesn't have 1:1 backing with actual fiat so there could be a run on it leading to collapse, or regulator intervention. Binance must have fully checked out trueusd though as they are very thorough so I would imagine that is a safe stable coin

I wonder why tether still remain at $1 despite demand and supply of this stable cryptocurrency. Hope it doesn't burst

Tether supposed to be a tool to get out of market volatility in bear market. There was rumors months ago that they are not keeping sufficient fiat reserves in USD but if that was really the case I think they would be gone by now. Google it and read up on it.

I like this coin a lot for its stability. I usually change most of my cryptos to tether when prices are going down and later buy when prices start going up. I think it came to help safe our monies on the net. Without it, in times of big dips, all our monies would have gone away.

I like the idea of Tether. It’s nice to be able to put the bleeding on pause and jump in and out of the market without going to fiat. It’s saved me a lot on losses.

Exchange coins that bring dividends (kucoin shares, binance coin, cryptopia shares, coss) should not fall as much as the rest in theory, those are things you want to hold. But with the dividends losing value their price will still drop. Then, you have to look for some coins that have been purchased in fiat as much as possible, now and in the past. Tether has inflated bitcoin and possibly ETH prices; if people got the coin without going through those it shouldn't crash.

if you're saying it's a scam, it would be good to show some proofs or proper reasons why is that so. I'm not saying it's not, but I don't feel like accusing them from scam either.

In my opinion, this is a bubble. Now Tether is stable. Its cost = 1 dollar. It is convenient to use it to stabilize investments during the period of a sharp drop in the market.
 But I try to keep money in Bitcoin or Ether, or NEO, it's not profitable in terms of profits when the whole market is down, but it's more secure than keeping all your money in Tether coin. After all, the bubble can burst at the very moment when it will have your money.

tether coin is one of the coins that has a stable price wherein I have a coin of tether in a few months only touches $ 1 and when the decline is at $ 0.9 but I think the stability of the tether coin is very large and difficult to dump the price.

I throw all the money into it when there is a big fall on the market. So you can save your money, it does not drop more than 10% in price.

Most people think tether is scam. But I don't think so. Tether is available on many major exchange. Although there are many scandals but it is a steady choice for the down mảket.