Bitcoin Forum

Hi there I want know what people think about this question.I heard that Tether creator stoled a lot of Tether or cheated somebody dont know full story and that this will dump Tether price very soon  ??? ???

This what happened about tether few years ago.
https://cointelegraph.com/news/tether-mints-250-mln-of-new-usdt-tokens-rekindles-controversy

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As long as there will be users and buyers of tether, I think they will retain their position in the market no matter what issue they had right now.

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I don't buy tether and don't use stable coins but I saw one stable coin that has been dumped badly.

How many different rumors have there been about Tether? I've already lost count. There is a feeling that this is done in order to manipulate the market and buy crypto currency when bad news about Tether comes out.

I've been hearing rumors about Tether and it's fake fiat reserve since 2017 and it still exists.
As long as Bitfinex exists,USDT will continue to exist.It's a totally pointless cryptocurrency,if you ask me.
Stablecoins are a time bomb.

Tether is basically printing U$. Nobody knows if Tether will blow up or continue to be accepted in exchanges (https://crypto.bi/tape/blog/tether/).

They already know that Tether is only 74% funded. That is 26% of the U$ in Tether simply don't exist. How can it retain U$ 1 valuation? Nobody knows.

There is speculation the Tether is backed in Bitcoin, not in U$ (https://crypto.bi/tape/blog/tether-backing/).

US authorities are going to crack down hard on this because if USDT oughta maintain 1:1 parity with the dollar, then they have to show the money. Gotta be 100% funded, not just a smaller fraction.

I don't think tether will die if bitfinex continue to live, they live together and they die together.

Still, it can lose value, instead worth 1$, it can drop.

Tether story is no longer news its an old event now and tether is still doing OK despite the set back, I believe as long as the coin is active on the exchange that is buying and selling of the coin it will still do well no matter what have happen to it through the CEO.

Tether is not a coin to hold for long term so if you are not sure about its future then better convert it into decentralized crypto currency where you have no chance to ump the price from creator of that crypto.

Why do you ask such questions: "I heard something somewhere, that someone said something about something?" What answer do you expect to get for such a question?
I have this answer: with Tether everything is fine, it is traded on exchanges, it costs 1 dollar. Would that answer suit you?

When people feel panic in the market, they evacuate to tether. I think the presence of tether was an important factor in the price of Bitcoin. So I'm nervous about the presence of stable coins in the market.

Due to the prevailing volatility in the crypto market, a crypto-equivalent of USD is needed. Right now we have several options such as Tether and TrueUSD and out of them Tether is having the largest market cap. But the Bitfinex scandal has seen some of the users dumping their USDT holdings. Its reputation has been tarnished. And we all know what will happen to a cryptocurrency, if its reputation is damaged.

Really don't know, maybe will survive but i think they need to be more transparent and show proofs they have backed up by real money all there coins. Or i'm wrong?

We can't tell its end because its price is stable and it is hard to tell whether it could be a next one to do an exit scam along with the famous coins. I hope it would be not one of them since tether is the safest place for me if I'm undecided on what altcoin should I buy.

With the uncertainty around tether and having other alternatives, I'm surprised there still are people holding this coin. Anyway, now the market is changing, I guess people will lose interest in stablecoins soon.

yes you are right, as long as there are still people holding it. even shitcoin will never die. it will last in the future, even though it will only be dumping.

I don't think tether will die. he has become the biggest stable coin at the moment. and it's hard for a coin like that to die, even in the future. despite the many negative rumors about this coin, there are still many people who believe and become its holders. being dead will be very difficult, especially the price does not experience a large decline.

this story might just be a pure FUD from the whales trying to manipulate the price of bitcoin due to the fact that they have see that the price is soaring high,  Tether cannot die irrespective of the FUD behind it

Tether is the most popular stabilization coin. I don't think that after the story with Binance Tether will cease to exist. Whales want people to buy tokens, and not keep them in Tether.

Now cryptocurrency has set its sights on growth.  And all the coins were pulled up.  This is a very good start for all coins.  And especially for such promising as Tether.

Talking about tether we can be sure that it will die along with a bitfinex . This exchange has printed a huge amount of usdt and every year it has problems with financial audit because of this, but until the regulatory authorities take it seriously, it will continue to do business. I think in the near future tether still will be present on the crypto market

Of course, they must survive, maybe they will lose in value against the background of all this hype. Maybe this is someone's next combination of making money against the background of incomprehensible rumors. Nevertheless, it would be much calmer for everyone if we had more reliable information about the state of affairs at first hand.

Tether like a Phoenix, already 2 times he give me a few gray hairs on head, now I decided to buy a different stable coins.

It has survives a lot criticism and still strong,I think for any coin in this space to stay on top it will keep fighting all this criticism. They are more in the media than in the market and it keeps enjoying the daily volume movement. It is serving a good purpose with it's low volatility and other alternatives does not have the confidence of traders like it has. Also have the biggest marketcap to handle high volume trade, so it will take more than mere rumour to kill the coin

It is a little hard to prove money stolen or other matters. But it is not impossible. On the other hand, the volume says too much things. Those backed up by USD are much more attractive.

This is not the first time bad news is coming against tether, it hasn't die despite the fact bad news has been surrounding tether usd, it can't be killed regardless of any bad news.

Where did you hear that ? We will know if Tether creator dump the coin, by the price. If the price is not stable anymore, it will be the sign.
I suggest you to not just using tether as your only stable coins. There are already many stable coins in cryptocurrency.

People are adopting tether more than any alts. With its apparent success they would increase the supply. They are a tool for crypto traders and are here to stay.
But the pro and con of this particular token is the same. They are fixed to USD. They would rise in the marketcap on a bear run while goes down in a bull run.

even though tether has a problem, but it's still good now. I don't think he will die. Tether prices also have no decline and that is quite stable even when bitcoin is rising. so the possibility for dead tether is very small. tether is still the first stable coin choice. and as long as no one has been beaten, tether will remain strong.

I don't know enough about that stole problem, but Tether is a stable coin, which I often use today. Almost all exchanges exist, and even become main pair. It may be difficult to shift down.

Yes, even though this rumor is still confusing, this time Tether is still in the 8th rank of the coinmarketcap. In my opinion, rumors about tether will not affect this stable coin.

I noticed that a lot of FUD appear right before the moment when BTC starts to grow huge. I think such manipulation things made only for one purpose - to force sell USDT and buy BTC.

it is only an option that might or should be done by investors if they want growth in the assets they have. the growth of bitcoin, I think that affects the growth of market trade.

its the most likely to the dollar true value.. its just about faith . no enough money to back it up. but righ now the community feels safer with them atound... and i think they earn this trust because became one of our very best friend in the bear market. and the they are getting the reward back with the trust they foged this last years.

There's always reason behind, it's the investors and traders who needed to work with their own observations, it' hard to predict how the future will
be dictated from this coin, whether it will survive and serve its purpose or die eventually when the developers failed to support this coin inside the
market.

Yes tether will be there until bitfinex is operating it’s one of the most trusted stable coin even after several rumours and even some serious accusation this coinstill holding its value. It’s one of the biggest backer of bitcoin and other major currencies .

I don't think tether is going to die, but what I believe strongly is that since the truth about tether has been discovered, I don't think we are going to see tether as a stable coin anymore, but it would become one of the normal coins we have in the Crypto market, and due to it's trade volume, it might still be able to get a lot of ground in the Crypto market in terms of price.

It is not about them being the first or not, we need to stop encouraging these people with some of their evil actions in the name of being the first, if they misbehave, they stand to really be corrected instead of them being adamant just because they are being protected because of the lack of regulation and the anonymous nature of cryptocurrency.

They should leave that one aside and be opened to auditing, then we will know if they are saint or not, or if they can really stand the test of time with their hidden deals they may eventually backfire for their users, they should also stop over printing.

No, I dont think so.
It is really bad. It is USD which made as crypto currency.

Do you really want the US getting near our coins or looking at all your KYC from exchange with all your information?
You are using a stable coin which is mostly used from a centralized exchange.

Better get your heads up. Read more. Go deep. You will see the truth. I have never used this Tether even once. And now I am seeing it come to an end. It might be taking time but it will get there soon.

Well, I do not think that was what really happen, they were only accused of over printing coin and their figure is not based on the real value of what they have, which they never even agree for them to be audit, so it means their transaction looks kind of shady and would be better for people to abstain from such right now.

This might also be the reason why bitcoin has been increasing in value, probably people ate beginning to exchange their USDT holding back to BTC since it requires for them to change it to BTC before they can move it. I see tether really dyeing soon, but we still have other stable coins in the market that are doing fine.

This cryptocurrency will survive and may be better in the future. This coin has very good technical support. Now the price of this coin is growing and I am confident in its stability.