mich
Legendary
Offline
Activity: 3290
Merit: 1034
#1 VIP Crypto Casino
|
|
May 08, 2020, 07:18:08 AM |
|
Tether Held on Exchanges Could Help Forecast Bitcoin Bull Runs“Most USDT isn't just being taken off exchanges to be stored in wallets or cashed out through a FIAT-based platform like Coinbase. When people aren't using USDT, they most often put it in Bitcoin. And what's cool is the fact that this USDT percentage often fluctuates a few hours or days in advance of BTC's price reacting to it. So monitoring this metric in advance can end up producing a tremendous advantage by catching a sudden fluctuation early enough.”https://cointelegraph.com/news/tether-held-on-exchanges-could-help-forecast-bitcoin-bull-runs
|
|
|
|
TheClownSong
|
|
May 08, 2020, 07:43:43 AM |
|
Now there are many stable coins that can be used if you can't trust Tether. Tether is traded on various exchangers and I think this is one of the most reliable tether proofs and if you don't want to use tether as a stable coin, you can use credit cards or debit cards because almost all exchangers provide this facility
|
|
|
|
mich
Legendary
Offline
Activity: 3290
Merit: 1034
#1 VIP Crypto Casino
|
|
May 11, 2020, 11:43:45 AM |
|
For stablecoins like Tether, is its main ‘usefulness’ to facilitate crypto trades?“Interestingly, stable coins have a two-sided distribution. So they do trade at premiums as well as discounts. And so there are a few reasons why, but the main reason that we focus on is its usefulness as a vehicle currency and what we mean by vehicle currency is that the point of Tether is to facilitate the exchange of cryptocurrencies.”https://eng.ambcrypto.com/for-stablecoins-like-tether-is-its-main-usefullness-to-facilitate-crypto-trades/
|
|
|
|
Script3d
|
|
May 11, 2020, 12:10:15 PM |
|
Now there are many stable coins that can be used if you can't trust Tether. Tether is traded on various exchangers and I think this is one of the most reliable tether proofs and if you don't want to use tether as a stable coin, you can use credit cards or debit cards because almost all exchangers provide this facility
Tether is untrustworthy for me because of the audit thing before. Just because tether is used on all exchanges doesn't mean they can be trusted, i don't know why you wanted to use credit card, using credit card has a lot of fees compare to stable coin which has less fees and hassle, if preserving money is your goal.
|
|
|
|
Tipstar
Sr. Member
Offline
Activity: 1904
Merit: 300
Free City Individual
|
|
May 11, 2020, 12:13:06 PM |
|
Now there are many stable coins that can be used if you can't trust Tether. Tether is traded on various exchangers and I think this is one of the most reliable tether proofs and if you don't want to use tether as a stable coin, you can use credit cards or debit cards because almost all exchangers provide this facility
Tether is untrustworthy for me because of the audit thing before. Just because tether is used on all exchanges doesn't mean they can be trusted, i don't know why you wanted to use credit card, using credit card has a lot of fees compare to stable coin which has less fees and hassle, if preserving money is your goal. Tether is readily accepted by most of the exchanges. So, they are okay as a trading currency. But I'd not recommend holding tether as an long term investment as there had been issues with the basis of valuation and whether the foundation holds the exact amount of cash as the tokens. For longer term interest, decentralized stable coins are a better choice.
|
|
|
|
mich
Legendary
Offline
Activity: 3290
Merit: 1034
#1 VIP Crypto Casino
|
|
May 13, 2020, 12:52:43 PM |
|
Tether emerges as popular choice among Asian, European traders; USDC follows The aggregate stablecoin market cap grew over $10 billion by May, with the same continuing to rise. This dramatic increase in the market cap of stablecoins can be associated with their growing demand among Asian and European OTC traders as an onramp to the crypto-market.https://eng.ambcrypto.com/tether-emerges-as-popular-choice-among-asian-european-traders-usdc-follows/
|
|
|
|
nreal
Full Member
Offline
Activity: 932
Merit: 100
arcs-chain.com
|
|
May 13, 2020, 03:09:21 PM |
|
The reliability of Tether is only moderate because of these stable currency troubles encountered in the past, If you are not required to use USDT you can consider using USDC or PAX.
|
|
|
|
|
|
mich
Legendary
Offline
Activity: 3290
Merit: 1034
#1 VIP Crypto Casino
|
|
May 19, 2020, 11:11:36 AM |
|
Bitcoin Demand Pushes Tether Below $1 for Longest Stretch Since MarchTether, the oldest and largest stablecoin tied to the U.S dollar, has fallen below par value for the longest stretch since bitcoin hit 12-month lows in March. Tether maintained or exceeded par value consistently during bitcoin’s subsequent two-month rally. https://www.coindesk.com/bitcoin-demand-pushes-tether-below-1-for-longest-stretch-since-march
|
|
|
|
chmod755
Legendary
Offline
Activity: 1554
Merit: 1021
|
|
May 20, 2020, 01:02:55 AM |
|
Not even close to be safe asset, stablecoins really potentially very valuable in terms of usability, but at the moment it is far from better than decentralized cryptocurrencies. The crypto world has taught us not to jump to conclusions, Stable coins are backed in money which is linked directly to governments and inflation.
|
|
|
|
mich
Legendary
Offline
Activity: 3290
Merit: 1034
#1 VIP Crypto Casino
|
|
May 22, 2020, 12:59:20 PM |
|
Stable Coin Usage Rates are Increasing Every DayAccording to crypto asset analyst firm Glassnode data, addresses holding 1,850 Tether (USDT) are recorded every hour in the Ethereum blockchain, and this number continues to increase rapidly since January.https://www.somagnews.com/stable-coin-usage-rates-increasing-every-day/
|
|
|
|
hushpupppy
Jr. Member
Offline
Activity: 250
Merit: 2
|
|
May 22, 2020, 01:08:43 PM |
|
Tether is a very good safe haven in times of need and massive dumps. Instead of panicking on how to stay safe when you smell the bear, tether can be your hero, all you do is trade to tether and wait for another entry.
Easy and swift.
|
[ IQ ] cash ▐ THE MASTERNODES CRYPTOCURRENCY ████████████ [ https://iq.cash ] ████████████
|
|
|
|
|
Pecunia non olet
Full Member
Offline
Activity: 882
Merit: 102
PayAccept - Worldwide payments accepted in seconds
|
|
May 26, 2020, 01:33:36 PM |
|
We do not know because it didn't experience any problem. But when it happens it will be too late. Bitcoin is here for about 10 years, but Tether for about 2 years, too early to judge if it is safe.
|
|
|
|
torrantz
Sr. Member
Offline
Activity: 1063
Merit: 253
Sovryn - Brings DeFi to Bitcoin
|
|
May 26, 2020, 02:53:25 PM |
|
Not even close to be safe asset, stablecoins really potentially very valuable in terms of usability, but at the moment it is far from better than decentralized cryptocurrencies. The crypto world has taught us not to jump to conclusions, Stable coins are backed in money which is linked directly to governments and inflation.
The commodity or currency that backed the stable coin can be considered as a thing that makes the stable coin became the safe asset compared with another altcoin that has very high volatility. The decentralized will give guarantee in term of security but it will not save the value from the volatility.
|
|
|
|
rexxarofmoknathal
|
|
May 26, 2020, 06:52:02 PM |
|
I personally try to stay away from Tether where possible. After finding out that they lend money out to institutions and organizations and are actually operating a fractional reserve because of this.... Just sounds like a catastrophe waiting to happen.
Instead I stick with Gemini Dollar and USD Coin, they're both far more transparent and have a live proof of funds page that shows you just how closely matched the circulating supply and their holdings are.
Tether has one too, but I don't trust it.
|
|
|
|
|
Vishnu.Reang
|
|
May 27, 2020, 03:28:09 PM |
|
Many of those who post here have little knowledge of USDT. You should never trust an asset, if you don't know about the details. First of all, Tether was formerly known as Realcoin. In 2017, it was revealed that Philip Potter and Giancarlo Devasini of the Bitfinex exchange owned Tether Holdings Limited. Do you really trust a token issued by an exchange such as Bitfinex? If you still trust them, then what about this - on April 2019, the Tether officials admitted that only 74% of the value of Tether is backed up with real assets. The remaining 26% are not backed up.
|
|
|
|
|