Bitcoin Forum

Tether fud are silly nothing happens with usdt.
People still fall for this fud.
Tether cant go up or down really its a stablecoin just its not like bitcoin so people who is use to with fud silly crap stay with your btc dont bring your fud ...in tether.
Tether is safe and will be

What specific FUD you are referring to? There are many FUDs in the market and also some truth doing rounds here. So please point us to the specific one.

But apart from FUD, it is also true that Tether has never done an audit to provide proof that their cryptos are backed with USD in 1:1 ratio.

So why are you confirming that Tether is safe and will always remain that way?

It sounds quite difficult to understand what you are trying to convey. Is it about correcting market conditions? then say Stable coin never goes up or down? If Bitcoin goes up, then you will see it. Not a large-scale decline, but this is due to the exchange rate being adjusted for the country you live in. Then the value will vary greatly, with the same nickname, namely Stable coin, at least equal in value to the amount of paper money in the country where you live.

Who done audit to federal reserve ?
Yes its safe like fiat currency becouse in this unsafe envoirement we need sometging safe.
And if stablecoins are not safe then what else ?
Bitcoin due to volatility never even close to safe.

There is proof of 1:1 actually we dont care what we care is that it works and have good liqutity options.

How safe is USDT is? Even it's popular it doesn't make USDT safe.

Does it seem that you forgot about the news before about USDT? It was hacked before and almost $30m was stolen by the hacker.
Read the news here Tether hack: attacker reportedly steals $30 million of digital tokens. (https://www.cnbc.com/2017/11/21/tether-hack-attacker-reportedly-steals-30-million-of-digital-tokens.html)

We know USDT was being held by a centralized bank so it is still not safe to hold USDT even they said it was secured there is no guaranteed that your USDT is safe.

About FUD it won't affect the price too much USDT is not actually 1:1 with USD sometimes USDT price is lower around 3 to 10 cents than USD or sometimes it's higher than the USD.

Bitcoin never close to safe? No, it is safe. Yet it has the strongest blockchain. The safety is in its blockchain and node validation, no invalid transaction. If any, it will finally be invalidated if the transaction is invalid. Also remember bitcoin is bitcoin, not backed by any currency or reserve like tether. Bitcoin is a store of value in its own.

Tether and other fiat pegged coins are pegged to fiat and backed by fiat reserves or others related to fiat. Then why can't fiat be used directly? Instead to use what is pegged to fiat, I will prefer fiat itself which is backed by the government directly instead of depending on the developers behind the fiat pegged coins that still depends on the government's fiat.

Never had issues with USDT dont download dangerous stuff dont visit phishy websites and you are good.
If usdt not safe ....then what are safe ?
Bitcoin going up and down ....no good to hold funds in btc never.
Bitcoin is as market prices indicator mostly for anything else hard to imagine.

If someone will hack in exchanger ...its different story and all exchangers will cover if they dont want to lose customers but your own wallet its different story.

Cash or money on your bank account lol. Stablecoins(yes, even USDT and USDC) are still shaky regulation-wise that there’s no guarantee for them to be “safe” forever despite me starting to trust them slightly for short-mid term holding.

What FUD for Tether?

Tether is not really going to be up. As you know, it's a stable coin and its value is going to remain the same.

No matter how hard you try to argue, there's no sense looking up to Tether and comparing it to bitcoin.

1. USDT is issued by a private company. I understand that you trust them. I don't. Can you prove me wrong? With proof?
2. Tether didn't manage to prove beyond doubt that they have proper backing for all the USDT they've issued. And I'm being overly nice in the way of telling this.

These are facts you should know about USDT:

 - There are no bound quantities (1 USDT == USD reversed,) and the existing quantities of assets and others are not equal to 5% of the total supply.
 - There is high liquidity in many platforms, which means that the platforms are the ones that determine their value in dollars, and therefore their value is zero outside those platforms.
 - Some platforms can take the risk of losing money but this may not happen to all platforms.
 - Money can be frozen even if it is in your wallet.

Thus, USDT is a stable central currency based on promises and cannot be used for long periods or outside the platform.

Thats part of fud to get weak hands out of usdt and usdc and pax dai coins.
Dont forget they will be useful when inflation rate goes down and banks rates goes up.
Before that sure there will be FUD around stablecoins.
Always do the opposite what most of people been told always the most of people will end up slaughter house.
Never follow the crowd

 
There is this fud about stablecoins not just USDT but all of them going to be replaced by FED coin which holders will probably have stablecoins stucked frozen in their wallet. Saw an interview from Boombust, it may not be true but people will likely believe.

The fud had been using tether for a long time and it never get old, the fud still works unlike the China fud that seem to have gone already.

I think you are very confused about "Tether" and "Tether FUD".
The Tether FUD is not about whether this altcoin is safe or not but the FUD is about the link between bitcoin price and Tether's existence (which doesn't actually exist). Basically the FUDsters want people to believe that the only reason why bitcoin price has gone up and will go up is because Tether exists ergo when it disappears bitcoin dies too. Which is an obvious bullshit.

The part about risks of this altcoin are very real. It is a centralized altcoin that is fully controlled by a single company and worse part is that this company is shady and has been under investigation by government agencies. The agencies that most probably are going to shut it down for good in near future.
But again it has nothing to do with bitcoin. All it would do to bitcoin is to cause some idiots to panic sell their bitcoins, but these days a lot of things do the same. For example a couple of months ago we had the "China bans bitcoin" FUD dusted and fed to these idiots and price dropped for a little while before it went back up again and reached $70k.

I believe the issue recently for is the newly mint 1B USDT out of thin air. I read this topic on reddit and this shady behaviour of Tether affects the whole cryptomarket.

You can check the news here: https://news.ycombinator.com/item?id=29452726

They are doing this kind of massive of printing out of thin air before and there audit about there reserve funds that backing it is always delay to release that's why people always panic. 1B USDT is a huge money tho. People owning Tether buying for 1:1 while someone is printing it big time without spending anything.

Woh man, you coming in too hot! We do care a lot and many things here around in the crypto space. The bitcoin is not safe? Well its actually safe because its not being ran by specific company and thus giving it decentralized nature and there is control of every public who holds a share. Thats why it is called as public ledger and runs safely without failing. The price in fiat will obviously fluctuate all the time. Why you even looking at bitcoin as USD? Just look at it as bits and satoshi's or whole bitcoin which you can use to transfer the money. USD is anyway unit of measure for it.

As far as USDT is considered, its just as safe as it sounds considering the fact that it is being ran and governed by Tether Ltd. Well it is company with board of directors or at least team of developers! Well they can go corrupt or go rogue so be cautious to have full faith on the same.

What FUD are you exactly referring to ? The common one that comes across is that Tether doesn't have enough assets to back their supply which is why they have not done the audit.
If you are talking about this FUD then you should also state the reason why we all should not be afraid of this FUD.
You are not backing your statement just like how Tether is not backing their USDT supply.  ;D

Except for the case where the company behind tether goes down in which your precious stable coin will go to zero. Do you think that just because somebody says it's pegged to the value of the USD noting can bring it down?
I'm sure that if everyone would convert out of USDT right now there won't be enough money for that even if Bitfinex would sell all the assets they claim are backing this coin.


Seems to me you're on the wrong forum for a whole lot of wrong reasons... ;D

Anyhow, I'm really curious what will happen to their precious USDT if poeple will switch to a different stable coin which will trigger the need to start liquidating their "assets", I'm pretty sure a lot of exchanges will suddenly realize they have a billion dollars that are worth exactly 1$, but all of them together.

U seems to me tether fudster...
Its all good until there is liqutity use case and people use it.

...it's not good anymore and poeple lose all their money.
Yeah, it's fairly obvious.


And you look to me like a shitcoin lover and a bitcoin hater, so unfortunately no love will grow between the two of us with those insurmountable differences in opinions.  :-*

I think I can really understand what you mean, and trust me, I've thought about this several times, i personally use tether usdt alot one day to day basis, Infact, I always feel really secure when I have my money in usdt far more than I feel secure with any other stablecoin.
But then, when I come online, I read alot of stories about usdt which makes it feel like the stablecoin is going to disappear soon, but even in the mist of all this fud, usdt tether is still waxing stronger, and this alone should make everyone of us understand that the fud is useless.

I must say you don't know much about Tether the company behind issuance of usdt stable coin, the Fud doesn't have anything to do with its value, it's about what is keeping that value at that fixed price they claim.
You see my friend, Tether in the past had a case in the court about minting stable coin usdt and manipulating btc price around 2018 which was later settled in the court, they were fined and payed the money.
Again, the value backing usdt is skeptical to people that's why people always continue to cause FUD when there is increased in it market capitalize.
We hope not see problems in the future, but if Tether become a problem, bitcoin and entire market will suffer.

In 2020 as indicated by the UK misrepresentation ready assistance Action Fraud, reports of crypto speculation tricks flooded by 57% year on year to 5,581 with financial backers losing an aggregate of £113m.
So when you're stood up to with a ton of data about a digital money make a stride back from the promotion Attempt to fundamentally take a gander at the venture. What number of clients does it have? What issue does it tackle? Does it have any connections with industry? Keep away from coins that guarantee the Earth yet haven't conveyed anything substantial.