Bitcoin Forum

everything seems to be red, but tether green?
that shows strength and diligence of coin, i think that they have technology that lasts and that goes forward (instead of backwards) and that it will go up in the future.

if you don't believe me, than how it can be green when everything else is red? if it can survive this dip, it can survive everything!

i'm already up 3% from a few days by investing in tether, you can join in too!

im not financial advisor, don't invest money if you don't want to lose it or gain it.


pros of coin:

-green when others red
-didn't lose money on it
-doesn't fluctuate like bitcoin

cons of coin:
-only 3% gain in last days


what do you guys thing? i'm moving all of my investment into tether, maybe you think to do same?

share thoughts.

Are you even serious? or are you just trolling?

Anyway, in case you're actually serious:

Tether(USDT) is tethered to 1 USD hence tether only hovering $1 or a few cents more or less. You're pretty much investing on something that's supposedly not going to move in value. Though it's debatable whether or not it's safe to store your funds on tether.

Also, make sure to do research before investing, as it looks like you definitely didn't do any research with your tether "investment".

Read: https://tether.to/

If what I read is right. Your investment will not grow even if you will hold if for a long period of time, is that right? So what is the sense of investing to it? LOL

That's pretty much the point of it. It's just acts as 1 USD. Might as well just hold paper dollars.

Are you serious? i think you dont know what you are talking about. the value of 1 usdt or tether is always equivalent to 1 us dollar that is why whenever there is a downward trend in cryptocurrency market it is not affected because the value of tether is not determined by supply and demand. You will not get any profit investing on that coin because the only purpose of this is for traders who dont want to sell their cryptocurrency investment to fiat currency but want their funds safe when market crashes.

lol. maybe in his mind BTC is the base currency of his life. in that case Tether might be a good investment this year. haha

Tether is only good to lock up your profit. If you want to lock your profit when almost alts are down like this, its not advisable for investing. Because, Tether is a dollar based coin, so what ever happens to market its value will maintain.

Switching to tether is quite tricky as the market is volatile. OP, currently tether looks like a good option for you to switch to as the price of Bitcoin plunges.  The moment the price starts rising and you are caught unawares and stuck past the value you switched to in tether, then you will realise it's not all "Green" but losses instead.

Tether is more of a service that allows users to use fiat currencies like electronic currencies than is a crypto coin. Another benefit is that Tether coins exist on the Bitcoin blockchain, which is a bit more developed and tested, instead of new platforms trying their luck. The fact that it is tied to real world currencies means it is not volatile or is shielded against volatility. Users can also add and withdraw USD with the use of Bitcoin blockchain with highest security and the transactions are fast. As a benefit to a young service of its kind, the project is already backed by Poloniex, Ambisafe, Space Shift and other international partners, which is a bit promising for those venturing into crypto investing and trading

Basically and Technically tether is equivalent to USD it is named on the market cap USDT it's pretty obvious why the hell it stays in green while most of all the coins are in red days.

Believe me don't waste your time and investments to this coin, it will stay 1 USD that will result in a big loss on your part for missing out good trades of other coins that have a potential to grow.

It is likely a neutral coin than a green one, it is not the money that will you lose it is the opportunity.

I doubt you will gain above 5%.

Take all the advice of the people here they will say the same.

perhaps you should not buy coins that are now considered to be prospective (bitcoin ethe), but to look towards new coins that are just entering the market. because these coins did not give much X and the ether, for example, already gave a lot of X

I really like the USDT, it does not really fluctuate whether the market is up or down, you can make a lot of profit from it.  ;D ;D

USDT is actually a coin and it will increase your account very quickly if you know the market look at the red market.  ;) ;)

Most of the users here already explained that tether is not suppose to grow in value, since it was created to represent the dollar. So 1 tether, should also be equivalent to 1 dollar, no matter what is happening to the market. I will only add that there was a lot of controversy regarding tether, claiming that they did not hold enough dollars to support it's marketcap. This would mean that they might have been "printing" tether to be able to hide any possible losses, and if all the current tether users decided to cash out, they wouldn't be able to do it, because there was not enough money there to make the payments.

Users were asking for an audit, but I haven't heard any recent news saying that those issues were solved. Have anyone here heard anything else about this?

https://t.me/FilecoinOTC

tether can be regarded as a substitute usd dollars, I usually make a tether as a benchmark for altcoin prices, when the altcoin price is high I exchange it with a tether, and when the altcoin price is low I will exchange the tether into altcoin, But if you only invest in tether without exchanging it with another coin I think you will find it hard to make a profit because the value of tether is always flat..

Ok... Tether is mostly the next crypto scam to implode unless they get this audit done that'll prove everyone wrong.

What other options do we have?
I mean for those who like to trade a portion of their portfolio with a short-term vision, having a stable pairing crypto is ideal.

I heard many talk about Steem dollars... meh.. not sure about that one.

I also heard that "TrueCoin" is coming.

What else?

Why is everyone claiming that Tether is a scam all of sudden ? Just because one scaptical kid on reddit said so ?
I don't really don't get it ,if you have proof that it's a scam more than happy to see them . Don't follow what everyone is saying with 0 knowledge. Which is very common these days with these crypto kids.

I am not feeling very comfortable with Tether, I cannot really believe it is covered by dollars as it claims to be, and it it would turn out that there is nothing behind, that could be a catastrophe for the whole cryptocurrencies.

That's because its a 1:1 pegged currency. No matter what happens in the crypto-space, its price will "almost" stay the same.


There is no underlying "advanced" technology here. Its just a pegged currency used as a way to liquidate assets temporarily when there is any downtrend.


That isn't applicable in case of tether.


LOL. Really? Good for you then.


That means nothing.

I know at the moment the tether is falling, a Tether at the moment is only $ 0.9 we can see on https://coinmarketcap.com/. I think this is the right time for us to buy a lot of Tether to prepare for the shopping, it can be seen that bitcoin is on the decline is a very beautiful time for us to get ready to step into the trade. .

We all know that Tether is an intermediary currency for us to trade. Because the price of Tether fluctuates a lot and is always at $ 1 equals $ 1, we can take advantage of that to trade. At present, bitcoin prices are falling sharply and other coin prices are falling. This is a great time to buy a lot of Tether to prepare for the coming storm.
Good luck

Well, nobody has proof that Tether is a scam but you can't deny the fact that it looks suspicious. They just printed another $600M over the last few days and there is no way to make sure it is really pegged to US dollars.

Everyone was screaming loud and clear that Bitconnect was a scam and you know how it ended, right?
Today, a significant portion of the crypto community screams loud and clear that Tether is a scam... who knows how it's going to end?

You can't also deny that Tether is not helping their own credibility case by not providing the answers everyone is asking>

WTH Tether is SHIT just to manipulate btc Price

It is not "all of a sudden" that Tether has been discussed as a possible scam. You can even find threads since 2016 questioning a lot of things about Tether - like how they are linked to two exchanges, how they have been running into trouble with a US bank. Probably, most importantly, how Tether can be created out of nothing (and has happened). And how they say plainly they owe you nothing if they never honor your withdrawal.

There may be no proof, but there is always more and more evidence. It is not transparent, it is very suspicious. It is almost like the fiat it is pegged to. Inflationary, printed whenever there is a need.

The point is tether has always been a safe haven for investors during red days when all cryptos go down and worthy of note is the fact that it is actually 'Tethered' to the USD dollar at a 1:1 ratio and so its price will rarely ever skyrocket that much.In any case it still continues to be a currency of choice for investors during red days.

Tether unfortunately is shady as fuck. I dont know why they dont just clear the air. Its causing a lot of tension for a lot of people. That being said, it wont crash the market more than 30% which is not so bad. I think its a lot of FUD to freak out new people.

When everything is go down, USDT would be green because people try to sell theirs coins to USDT.
But when BTC is up, the USDT could not up much and it will be red vs BTC.

I'm not saying Tether is not a scam, but I start to hear people saying that some large BCash whales like Roger Finger Ver are funding Bitfinex'ed and will back him in the event of a lawsuit.

Think about it for sec... who would benefit from a collapse of both USDT and BTC?

Tether and Bitfinex are in great danger of being financially investigated by the US government due to fraudulent suspects and failing to prove bank reserves, which is a serious problem the reason is that the whole market has fallen sharply in the past few days. If there is no escape for the USDT problem, Tether will be in trouble.

As people have known about the recent tethering of Tether (USDT) and investors are increasingly cautious and lose trust in Tether.

Bitfinex is a force behind Tether, in other words, Bitfinex and Tether are closely related, and their team pledges that their USDT amount corresponds to the amount of their USD reserves. they.

According to data on coinmarketcap.com, trading volume of BTC / USDT daily traded is about 11.37% of total trading volume of BTC. In addition, if our assumptions are correct, we will have to add BitTorrent BTC / USD trading volume of 5.91%, so trading volume of BTC / USDT accounts for 17.28 % of total transaction volume of BTC, this is a significant number of it!

I have known for a long time that there has been a lot of debate around the Tether, a type of electronic asset that the company claims is anchored to the US dollar. And in the latest happenings, the US Commodity Futures Trading Commission (CFTC) has sent orders to Bitfinex and Tether for undisclosed reasons.

The US Futures Commodity Futures Trading Commission (CFTC) has sent subpoenas to Bitfinex and Tether
The US Futures Commodity Futures Trading Commission (CFTC) sent subpoenas to both companies on Dec. 6, according to a report by Bloomberg, quoted an unfamiliar source familiar with the matter. This.

I agree it looks suspicious and $2B for most people that are invested in crypto is lots of money, but for financial institutions it's peanuts.

I'm like 51% scam / 49% legit at this point.
I'm trying to find arguments as to why it would be legit and the more I dig the more I find everyone repeating the Tether FUD like minions without doing any research.
When 99% of people are going right, I like to look what's on the left side!


That's the first positive point of view I've seen on Tether for a long time and it came from someone that went directly to the source.
https://www.youtube.com/watch?v=SMhqGnQLfdQ (https://www.youtube.com/watch?v=SMhqGnQLfdQ)

Anyway, probably only the future will tell who's right and who's won't... just like only the future will tell if the Russians are really behind the US elections (not related to crypto)

Mainly whales use Tether to take all the profits fast then make the rest of the Bitcoin and altcoin markets crash for their convenience. They use Tether as a tool to bleed the markets, shake out all the panic sellers and weak hands so they can get maximum profits fast, this is what Tether is a safe haven for their capital and huge profits. There are big whale clubs in various chat rooms where whales gather and discuss how are they going to control and affect the market for their benefit to make all the others in the end big losers, except for early adopters of coins.

you talk about forums and chats where big whales discuss such important things, But I'm still inclined to think that these are fairly closed communities and it's very difficult to get there.

I know that the price of Tether has started to rise again and start recovering. The good news and positive signals of the Tether have also partly helped bitcoins rise again in recent days. After suffering a huge storm, the price of bitcoin has dropped to $ 6000, but the current time has been adjusted to the $ 8100 level.

I believe that a series of bad news related to Tether, a coin worth of US dollars, has had a lot of impact on the market and especially on bitcoins. We can see that bitcoin is losing value in a matter of weeks, with bitcoins dropping to $ 6,000, down more than 70% in value over the five weeks.

Tether (USDT) is one of the most stable cryptos in the cryptocurrencies market. Whenever market rates are unstable or falling sharply, the USDA remains steady at a rate of $ 1. So when the market shows signs of decline, investors usually exchange all the USDT to avoid losses. Thus, USDT is one of the most stable coins in the market.

I have only heard that it still has not been solved - which is bad. The reliability of Tether must be established ASAP.
As for this thread, it is amazing to see how many people seem to be dealing with and possibly trading cryptocurrencies they have no clues about.

Easy to understand. Tether is usd. 1 USDT (tether) = 1USD. There is not much difference. US $ 0.99-1.02. Tether is born to ensure capital balance if needed

It can be said that the negative information of Tether has greatly influenced the digital money market. It has contributed to a sharp drop in bitcoin prices over the past few weeks, despite the fact that the Tether has risen back in the past and has not been completely resolved. This will make investors fully secure investment in the digital money market.

I think the bad news from Eastern Tether also has a little impact on the digital money market. Tether can be said as a time currency and is worth the equivalent of a US dollar. Even though the Tether has turned its back on its value, it also shows that the market is volatile and that any bad news coming from any penny can hurt the market.

Yes, just as the name sounds, it is only meant for whales and as long as you do not belong to that category, you actually have no business finding your way there. I have heard in so many places that you will even have to register to be a part of the community and it is not a little amount of money.

However, with respect to what the guy you quoted mentioned, they do not need USDT to bleed the market; they can decide to even cash out in USD.

We can see the tremendous impact that Tether has had on the market, and the continuing bad news of the Tether has partly led to a drop in bitcoin prices over the past week. However, in the past few days the price of Tether has started to rise again, the positive signal from the members of the project. It can be hard to find a stable coin like Tether.

I'm not too moved by stablecoins like tether. Because the primary reason why they're stablecoins is to retain their value in severe market conditions with little to no volatility or change in price. Although tether has its own advantages. Like we can use it as a safe haven during  downtrends.

I must admit, its very strange that we dont the the proper insight. If we had an audit it would remove all the doubt. Until then, just dont touch usdt, thats what I am doing at least.

First of all, whales do not even need tether to bleed the market. They can trade against normal USD on any other exchange without issues. USDT is just a cryptocurrency designed to be an equivalent of USD for trading purpose and nothing else. Also, talking about whales, that is how they operate and it has been like this since inception of trading, so at the end, only the weak hands end up suffering it.

;D Where was this when I needed a good laugh few days ago? I really do not understand if some do not ask questions nor do some research before they post. Anyway, there is no need reiterating what others have said, as they have told you exactly what USDT stands for which for now, there is even a serious case on them. However, I am just here to thank you for allowing me to have a good laugh trying to imagine you holding Tether, believing how strong it is and waiting for something like 1000% gain at the end of 2018 since you already have 3% on it right? ;D

In the past month, we can see that Tether is generating a lot of negative issues, when the penny issuer illegally releases it to buy bitcoin at a low price. This shows inflation and Tether's instability, I think we can still keep the Tether now, but in the long term, it's a risk that you're holding a penny. governed by the manufacturer.

One would have to be on the lookout and be smart trading against Tether right now as that would be a crazy one if at the end the negative part we are hoping will not be established end up getting established. I am still trying to picture the effect that would have on the general market but all I can think of is people trying to drop USDT for bitcoin at any cost they could get into BTC or any other coin. I am not sure, just a guess.

Exactly converting your coins to tether is like freezing its value so no matter what happen to crypto market your investment is not affected since it was in tether. this is a good strategy when crypto market is bearish as what we are experiencing right now. convert your coins to tether and when the market start to recover you can buy it again for any coins at a much lower price than when you convert it for tether before and you can count it as interest or earnings already.

Kraken is stopping tether trading for Japanese residents from March 9th:

https://i.redd.it/bw2p3223ubj01.png

I presume this is because the Japanese govt has issued some guidance about the legality of tether for Japanese citizens.

I wonder if other govts will follow?

This is the only coin people use to save their profit in exchanging site if all governament follow this rule then really i don't know what to say and how much it will affect the traders and crypto holders.

another question now only Kraken is stopping, how about other sites will follow?

Tether is a crypto currency which is pegged to traditional fiat currencies like USD and Euros.It is used by traders to easily enter and exit the exchanges.It is widely used in almost all big exchanges.It is backed 1:1 by traditional currencies reserves.OP has not actually researched the crypto market and has just seen tether to be in green while other altcoins remain red.It would not benefit in any way other than using it as a medium for buying cryptos and converting it in to fiat.

usdt is always 1 usd. thats why you dont see it go up/down in value against the dollar haha

If you take a look at tether chart in coinmarketcap you will see it usually moved around 1$ and that looks firm against fluctuations , and best time to buy it when market is red to shield yourself against red waves!

USDT is always @ 1 USD it is not a good investment if want your token or coins to be higher on your expected . It is the safest cryptocurrency that has a stable price.

The best time to convert your coin to usdt is during bear season as what we are experiencing right now in that way it would preserve the value of your coin to u.s. dollar and preventing its value to go lower. you can use it to buy other coin any time specially when coins are in bottom price.