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MrMojoRising26
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June 18, 2020, 06:06:29 AM |
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I'm not sure how safe tether is I've been hearing fud for as long as I can remember. It has been around for a few years but I would rather use usdc or some other option in case something goes wrong my concern would be they don't have the actual dollars to back the coins
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elewton
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June 18, 2020, 06:16:22 AM |
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I'm not sure how safe tether is I've been hearing fud for as long as I can remember. It has been around for a few years but I would rather use usdc or some other option in case something goes wrong my concern would be they don't have the actual dollars to back the coins
True! Even though Tether has been in the market for a few years until now. I still don't have enough confidence to use Tether as a stable coin or a store-of-value method. I rather use USDT to store my capital in the circumstance that the other crytos are on red or decreasing time.
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cryptoknightt
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June 18, 2020, 08:02:03 AM |
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I'm not sure how safe tether is I've been hearing fud for as long as I can remember. It has been around for a few years but I would rather use usdc or some other option in case something goes wrong my concern would be they don't have the actual dollars to back the coins
True! Even though Tether has been in the market for a few years until now. I still don't have enough confidence to use Tether as a stable coin or a store-of-value method. I rather use USDT to store my capital in the circumstance that the other crytos are on red or decreasing time. I think it's safe, lots of people and even usdt / tether is a stable coin with the largest volume of other coins. this proves that tether has been trusted, I also sometimes store usdt on the exchange for quite a long time and there is no problem, as long as you keep it in a safe and reliable exchange there is no need to fear.
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litepool.ru
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June 18, 2020, 09:28:30 AM |
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I'm not sure how safe tether is I've been hearing fud for as long as I can remember. It has been around for a few years but I would rather use usdc or some other option in case something goes wrong my concern would be they don't have the actual dollars to back the coins
If they don't have enough USD to convert to USDT, I believe they will soon collapse. In 2019 I saw a few FUDs like that for USDT, but fortunately they overcame it and the price just collapsed slightly. Hopefully this will never happen again
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Mighty_crypt
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June 18, 2020, 09:40:19 AM |
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Usdt is the most used stable coin as store of value by traders, it has the max market cap among other stable coins and it's not a new project, some said the project is centralized, if you are worried about this then switch to Dai
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mich
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June 19, 2020, 06:55:35 AM |
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Tether strongly correlates with future returns on major crypto pairs“As a matter of fact, a simple trading strategy based on a long-short portfolio generates significant outperformance with respect to naive, commonly used, investments in the cryptocurrency space such as an equal-weight portfolio and a buy-and-hold position on BTC.”https://eng.ambcrypto.com/tether-strongly-correlates-with-future-returns-on-major-crypto-pairs/
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Teraboy
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June 19, 2020, 09:31:50 AM |
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I'm not sure how safe tether is I've been hearing fud for as long as I can remember. It has been around for a few years but I would rather use usdc or some other option in case something goes wrong my concern would be they don't have the actual dollars to back the coins
If they don't have enough USD to convert to USDT, I believe they will soon collapse. In 2019 I saw a few FUDs like that for USDT, but fortunately they overcame it and the price just collapsed slightly. Hopefully this will never happen again We will see what will be the next update that will be released by tether about how much dollars were available on their wallet. As far as i know if that was also using another collateral to backed the price of tether too.
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Wayrey2020
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June 19, 2020, 10:06:36 AM |
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I won't say very safe, but i would state that the advantages of usdt is top notch, and is more than its disadvantages.
On a scenario, with USDT, you have an opportunity to avoid a dump, by selling your btc, or etherum to usdt pairs. But on another scenario, staying and too comfortable in usdt could lead you to miss out on a potential pump.
You ability and speed to move in and out of usdt will prove pivotal in defining how safe tether or usdt for each individual.
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MikeyVeez
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June 19, 2020, 10:48:11 AM |
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It is safe until regulators come and regulate it ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . That means that even Tether as a company is legit, you bet that future will be friendly for Tether. But everyone who created own money was punished in history, so think about it in this way ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) .
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aemma
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June 19, 2020, 11:01:11 AM |
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Hi everyone, I'm just wondering about people's opinions on how safe is Tether.to/USDT? In terms of putting largish amount of money in there ($10k+), what is the risk of the service going out of business, or not honoring withdrawals? I.e. what is the risk of another Mt Gox, Mintpal or Cryptsy incident on here? I can see that it still says "Beta" on the main page, and that it's a Hong Kong outfit. Not sure what kind of financial regulation/overwatch they have over there when it comes to these things. I guess other little warning bells are that they don't have an easily accessible support link on their user interface (you can however email support@tether.to), or at least I couldn't easily find it. Is there a safer way (which is still easy and cheap) to park some USD while BTC is going through it's fluctuations? Thanks The first thing you should know about cryptocurrency Investing is that, it comes with its own risks and one of the best ways to reduce this risks is by keeping large funds outside exchanges and into your personal wallet. Secondly, I don't know the type of exchange you are referring to but major exchanges have been trying their best to maintain their integrity, so if you buy there is every tendency you will withdraw. Lastly, talking about Tether mainly, it has been around for years and the only reason it keeps growing is because people have come to trust it, so I think there is nothing like going out of business because many people are now involved. In addition, the only safer way is to buy from exchanges that are trustworthy.
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bits4books
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June 19, 2020, 11:26:30 AM |
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what is the risk There is always a risk, but no one can tell you exactly which one. We are in crypto space. I think that you can keep this amount of money, usdt is the most popular stablecoin
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makishart
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June 23, 2020, 02:22:34 AM |
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It is safe until regulators come and regulate it ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . That means that even Tether as a company is legit, you bet that future will be friendly for Tether. But everyone who created own money was punished in history, so think about it in this way ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . have you seen the problem that faced by tether? even tether has been getting a big problem and tether can pass it. Regulators are interesting to issue their own digital currency. Tether issues more money based on its dollar supply.
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solomine
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June 30, 2020, 05:38:35 AM |
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I read the name of the topic with a smile, how long ago it was. Tether has shown himself well in recent years. But they print too many new coins. I was disappointed in him. Now I plan to purchase other stablecoins, like eurg
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Swordsoffreedom
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June 30, 2020, 06:40:37 AM |
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It is safe until regulators come and regulate it ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . That means that even Tether as a company is legit, you bet that future will be friendly for Tether. But everyone who created own money was punished in history, so think about it in this way ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . have you seen the problem that faced by tether? even tether has been getting a big problem and tether can pass it. Regulators are interesting to issue their own digital currency. Tether issues more money based on its dollar supply. You believe it or not, there is a lot of spoofy are lying under Tether industry, you may know around 31 million worth of USDT were stolen on November 2017, there are too many controversies are fluting on online about Tether money. I don't know any other stable coin which has so much fuss at the market like USDT.
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Twinkledoe
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June 30, 2020, 07:08:19 AM |
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It is safe until regulators come and regulate it ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . That means that even Tether as a company is legit, you bet that future will be friendly for Tether. But everyone who created own money was punished in history, so think about it in this way ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . have you seen the problem that faced by tether? even tether has been getting a big problem and tether can pass it. Regulators are interesting to issue their own digital currency. Tether issues more money based on its dollar supply. You believe it or not, there is a lot of spoofy are lying under Tether industry, you may know around 31 million worth of USDT were stolen on November 2017, there are too many controversies are fluting on online about Tether money. I don't know any other stable coin which has so much fuss at the market like USDT. Also, last year Tether admitted that they are not fully backed by USD assets. So right now, we don't know if they are already saying the truth about their assets. So just be careful in holding this stable coin. Only time will tell what another breaking news they will inform the public. https://www.bloomberg.com/news/articles/2019-04-30/tether-says-stablecoin-is-only-backed-74-by-cash-securities
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