Tether - "safe harbor"

[nitrousteam]

Has anyone invested in Tether as a "safe harbor" while this all falls ... with the intention of returning to wherever he/her has been when Tether starts to grow again and in that way, he/her additionally increases the number of BTCs? If you haven't invested, why didn't you?; besides these apocalyptic inclinations that Tether will break at the crucial moment before it moves up and that the people who are caught in it will let go all because they will not hold 1 to 1 ratio with USD, but will go 0.01 USD or lower ... and the most important question - Why do you mean that? On what basis exactly?

[sylance]

Has anyone invested in Tether as a "safe harbor" while this all falls ... with the intention of returning to wherever he/her has been when Tether starts to grow again and in that way, he/her additionally increases the number of BTCs? If you haven't invested, why didn't you?; besides these apocalyptic inclinations that Tether will break at the crucial moment before it moves up and that the people who are caught in it will let go all because they will not hold 1 to 1 ratio with USD, but will go 0.01 USD or lower ... and the most important question - Why do you mean that? On what basis exactly?

I jumped into Tether only because there's nothing else to go into during a falling market.  I guess theoretically I could cash out to BTC and send to Coinbase for a real cash out but the fees would be too expensive; not to mention slow.

Tether is a much needed mechanism in crypto but I wouldn't hold Tether long term because I don't believe they have the currency in reserve to back it up.  I looked into DGD (Digital Gold) but surprisingly that went down with the market as well.  Bittrex has Nubits which says it's a stable currency but it's not on Binance so again I don't have a good option to hedge out to.

[lobo13hf]

Has anyone invested in Tether as a "safe harbor" while this all falls ... with the intention of returning to wherever he/her has been when Tether starts to grow again and in that way, he/her additionally increases the number of BTCs? If you haven't invested, why didn't you?; besides these apocalyptic inclinations that Tether will break at the crucial moment before it moves up and that the people who are caught in it will let go all because they will not hold 1 to 1 ratio with USD, but will go 0.01 USD or lower ... and the most important question - Why do you mean that? On what basis exactly?

I jumped into Tether only because there's nothing else to go into during a falling market.  I guess theoretically I could cash out to BTC and send to Coinbase for a real cash out but the fees would be too expensive; not to mention slow.

Tether is a much needed mechanism in crypto but I wouldn't hold Tether long term because I don't believe they have the currency in reserve to back it up.  I looked into DGD (Digital Gold) but surprisingly that went down with the market as well.  Bittrex has Nubits which says it's a stable currency but it's not on Binance so again I don't have a good option to hedge out to.

When audit will have published by the investigation team and if there are no reserve funds backed tether to equal with a dollar for each tether, and this becomes the worst thing to hold tether.
A lot of people are waiting for the result of the audit but still, there is no more update regarding it.
Tether becomes "safe harbour" for temporary. But this will not be so long.

[Tstar]

Has anyone invested in Tether as a "safe harbor" while this all falls ... with the intention of returning to wherever he/her has been when Tether starts to grow again and in that way, he/her additionally increases the number of BTCs? If you haven't invested, why didn't you?; besides these apocalyptic inclinations that Tether will break at the crucial moment before it moves up and that the people who are caught in it will let go all because they will not hold 1 to 1 ratio with USD, but will go 0.01 USD or lower ... and the most important question - Why do you mean that? On what basis exactly?

This is also my greatest concern with USDT- will they hold the 1-1 ration.

I may conciser using USDT because current alt movements are too crazy for my taste, but only after I see a valid audit for 2+B reserves.

[ugr_erkn92]

I think, the negative news about Tether which is considered as the only port to be safe harbor especially in the case of price drops, affects the market badly.  I was waiting for the Tether company to end these remarks through by providing documentation that would end the negative news about the company.

[yo_mama]

For the consequence of possible Tether collapse, this thread gives a discussion:

https://bitcointalk.org/index.php?topic=2878724.0

[vit05]

I wanted to understand what would happen if Tether failed. The idea is that a Tether is worth the same as a dollar. If they found that tether does not have these dollars, the exchanges would have the option of offering the dollar equivalent, or they would risk going bankrupt. It is not the same as another crypto fail. People only use the USDT as the only option offered. I hope they find another more secure and stable currency to serve as a bank in exchange for the cryptocurrencys.

[Clement Kaliyar]

Tether is a much needed mechanism in crypto but I wouldn't hold Tether long term because I don't believe they have the currency in reserve to back it up.  I looked into DGD (Digital Gold) but surprisingly that went down with the market as well.  Bittrex has Nubits which says it's a stable currency but it's not on Binance so again I don't have a good option to hedge out to.

You said exactly what the real problem is with Tether and why you should not invest in it,if you look at the way in which they are creating tether,it is all scam written all over it and i would not risk my money with it,if you can provide the proof that they have reserved billions of dollars then we will believe what they say,other than that it is too risky and i have seen many scam over the past few years.

[Raist]

Has anyone invested in Tether as a "safe harbor" while this all falls ... with the intention of returning to wherever he/her has been when Tether starts to grow again and in that way, he/her additionally increases the number of BTCs? If you haven't invested, why didn't you?; besides these apocalyptic inclinations that Tether will break at the crucial moment before it moves up and that the people who are caught in it will let go all because they will not hold 1 to 1 ratio with USD, but will go 0.01 USD or lower ... and the most important question - Why do you mean that? On what basis exactly?

For my mind an instrument like Tether is a very useful one but with many reservations. First of all it is working only for the exact period of time. It works as a mechanism for arbitrage and redistribution of capital from weak hands to strong and weak crypto projects into decent ones. And it is not a mechanism of "safe haven" during crashes, it can withstand only some pressure on normal bear markets.