Bitcoin Forum

Yerterday was crazy. we have seen BTC and many altcoin increase more than 15% in trading pair with USDT.
Do you think tether is scam, guys?

Many people are sure that it is a scam but I don't think so. This one is very promising and now it shows very nice results in its increasing and growing.

it's not fraud, but usdt remains in the best condition in exchanging transactions with other coins such as btc or other coins. maybe that is the best sign for another coin to rise when it is used as a transaction with tether usdt.

Of course  USDT is not scam. We are only in a period when large firms are able to see the profits in Tether, extract their own products that may be equivalent to them, and then manipulate the market so that their products can be sought after.

It could be a scam so much. I haven't seen promising list of its advantages and I don't trust it. Tether is very unpredictable that could be a sign for the going down.

The USDT is not issued by the US government. It's not a legal currency, so if you think this is a scam, then this is a scam. I personally think that this good coin, this decline is because someone deliberately does this, the price of BTC and ETH can be so severely reduced, so why is the USDT10% fluctuation unacceptable? And the price was quickly fixed after the incident, and it didn't crash.

This is not the growth of the entire market was just a bear trap. There are a lot of negative news around this coin, but so far it is still alive. I do not know what will happen in the future with her as they say time will tell. Theoretically, it can die if it is delisted from all the exchanges in which it is. Well, hopefully this will not happen and believe in a bright future.

For the moment Tether looks more like a scam as its value is being manipulated. But last year, Tether was also down for some days. It doesn't mean that it will disappear. For the moment, it is helping Bitcoin and altcoins gain more value.

USDT holders are believing in 1 USDT backed by 1 USD but this case is unclear. The result of USDT audit doesn't make sense at all and where do you know that such a company with its stable coin can earn a lot of revenue to create more and more USDT to be distributed to the crypto market? does it make sense for you?

I always confuse with theter, this coin are same value with usd, so  developer having huge profit.
because theter is not usd. but theter having value usd

It's a difficult question. There are several points of view. Maybe speculators wanted to buy cheaper USDT, perhaps their goal was to pump the price of bitcoin and lock in  profits. It is difficult to understand what is the correct option. It is clear only that while it is better to get out of Tether, until the situation clears up.

USDT helps you being a trader not to lose the amount of money you got while you keep the usdt ready to buy whichever coin you think will be pumped. It helps your trading strategy. Whether you think of it being scam or not, USDT will stay just as the newer GUSD and the TUSD are going to be doing in the market. There are 3 of them now.

And that's true that's why usdt is our saver from losses and taking profit.
However, the sudden change of its value made people think. Like of course usdt is equal to the value of usd since they say it's backed by it, so how come the value decrease from $1 to $0.9? I'm not an expert here so hopefully anyone knowledgeable can clear this.

https://i.imgur.com/tWVsIyR.jpg

Fraud is out of the question. It can only mean that USDT has been manipulated. The rumours were explained later. But I think USDT is likely to receive a crisis of confidence. The status of USDT has been threatened.

It is difficult to say exactly if tether is a scam or not. A lot people believe tether to be a scam and they have good reason behind it. The chararcteristics of tether lead people to doubt about it.

I don't think that tether is a scam. BTC and many more altcoins increase more than 15% in trading pair. Tether is also increasing in trading pair. So it's not a scam I guess.

Despite all the negetive news about USTD and the rumours of its being scam, USTD is doing good. I think it has potential even after the panic selloff. It did a good job recovering.

SCAM???
what are you guys thinking?!?!
I bought as much as possible when USDT go that far. and easily take 5% profit overall.
even USDT is a scam, it's too important to gone that fast!
and I don't think it would gone too.

I dont think that. I think that is fud as always. Surely tether have something shady. But  I believe they can handle that and we dont need to afraid about tether. You know Investors really afraiding of anything after that huge bear market so they can react more powerful when they hear some fuds.

It seems to me that the USDT project was probably one of the most normal situations where it was really possible to fix your deposit in order to save everything accumulated from the last wave.

I don't think Tether is a scam. Just because it is going through some decline doesn't mean it is a scam or FUD. Imgine the product life cycle scenario and implement this to the cycle, then it will seem like a natural process.

Tether is not a scam in my opinion. Although it is going through a rough patch currently and seems like a little FUD but its just the nature of cryptocurrency market and soon it will be back to its stable form.

I don't know what shit you are talking about. You should know what Tether is actually. BTW, tether maybe a big whale in bitcoin who is manipulating the market. They are holding a huge BTC, that's the true possibly. Anyway, tether is one of the best options for us in case if we don't want to take the risk. It may sometime have little fluctuation but will be okay.

It is probably fud but I don't really know how coin which was designed to back up dollar and it suppose to be 1$ can fall under 1$ ??
Followed by that logic it can fall to 50 cents or go above 1$.
It is not really stable coin in my opinion, it should always follow dollar and always be 1USD = 1USDT

There are so many bad gossips. Bitfinex, bad audit, scam and others...
But I think that this coin is normal. I always use this token for hedging

I think it was a big manipulation for decreasing tether value. now we can see some other stabil coins on the market, in few days they have earned share on stable coin market. But lets check tether today, its already near its place again. Juts too crazy to believe that it was not a FUD.

Maybe I don't quite understand USDT correctly... but I'm not going to believe that they just have $2 billion sitting around.

Anything can happen, because no one can know exactly what the USDT can ultimately show today, because this project today has strange and dubious possibilities, since BitFinex today has very strange news.

Coins supply is very large with huge wallets so i am guessing it is an trend like other trends which get X bump lifting many people crying behind as well as failed BTG & BCH . So invest carefully these days and not to put it all in coin .

It's not yet clear.  Tether has made efforts to clear their name, but what they haven't done is allow a full, independent, outside audit of their operations.  Until they do that, and we have the results of such an audit, then the jury remains out.

yes I agree with you, I also think so. yesterday it didn't seem like fraud.

no, just because of some problems like this, and also the occurrence of price confusion between exchanges, does not mean that the coin becomes a scam. such thoughts must be eliminated.

Hard to say for sure fraud usdt or not . This is not the first such case of this coin , when around it the negative background and it affects the price of usdt . 1 USDT must be confirmed 1 USD , so whether it is not really clear .

It may not be a scam but there's something wrong with it. Why wouldn't they agree to an audit if they knew there are rumors and Tether is losing value? I can think of two obvious reasons, maybe you can find more.
Reason one: they know they are insolvent and an audit would uncover that.
Reason two: they know they are solvent and are using this panic to bring the price down and allow insiders to buy cheap.

There have been rumors about this scam usdt for a long time. I think if this happens then bitcoin will grow by 20-30%. Now there are analogues of usdt, but that no one trusts them.

We don't know if people will escape from USDT to Bitcoin. They can buy any other cryptocurrency or buy back USD and send it back to a bank. Also, Bitfinex itself won't be able to make the market price go up by 20% because of arbitrage. When people see 10% premium they will start buying on other exchanges and selling on bitfinex.

Rumors of this coin are beginning to suggest that it was planned in advance. I think that someone just wants to remove the teaser from this market and the place it will come another big player

Nope,I don't think tether is a scam and you also can't get into the conclusion with such small hike and also in so much less time.

It is a scam there is no way that you can tell people that you coin is stable, get millions of people to invest in the coin and now we are seeing a dip in the price of the coin. This is why I have never trusted tether or any of the stable coins. This is the cryptocurrency market, volatility is a part of the whole thing, it is the whole reason why we are here