lutcor
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Activity: 448
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January 06, 2018, 10:47:03 AM |
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Saw not very nice news that Tether may face some problems with provisions. It seems very risky coin to me.
here is another person who also expressed that the project is very risky, well, then, why we need it, of course possible, it is best not to use that project because the risk percentage is very, very large. |
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lutcor
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Activity: 448
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January 08, 2018, 09:44:59 AM |
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I am very surprised to see this project, but I have nothing to say here. I just do not understand where they get so much money and no one just checks them. How is this possible?
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CryptoRama
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April 26, 2018, 03:02:20 PM |
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because of demand.... How can something be static if demand is too high/low, they allways have to regulate it with how many tokens there are on stock... and as you can sse they are adding arround 100000000 dollars per week or two weeks... dunno, what's of this? Does bitfinex making even more money with that?
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Dluretic
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The Experience Layer of the Decentralized Internet
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April 26, 2018, 03:07:12 PM |
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Because the dollar has been fluctuating. Therefore, the price of USDT will also follow USD.  |
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teddyelwyn
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April 26, 2018, 03:14:05 PM |
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Since this is supposed to be tied to $, can anyone explain why Tethers value is not static? I could understand a small premium (as it saves people selling to $) but i dont know why it seems to trade in a +/- 4% range this past month (and as much as 1.08) at one point. Are people actually trading the coin?
I wouldn't waste my time with tether. Havven is the better option and they're completely decentralized/trustless. Also not pegged to fiat or gold. |
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klimenok1991
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April 26, 2018, 03:29:10 PM |
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As far as I know, the tether cryptocurrency is created solely for the preservation of capital, due to a stable exchange rate. And it is essentially not traded. However, its capitalization is moving up. Many users find the translation of dollars into tokens Tether risky. One of the reasons is that it is still unclear why the Americans blocked the company's funds and how the situation was resolved in the end. I personally do not really trust this coin
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enixon291077
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May 04, 2018, 11:02:17 AM |
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yurimir
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August 13, 2018, 09:32:36 AM
Last edit: August 13, 2018, 09:45:55 AM by yurimir |
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Tether Adds $50 Mln More in Tokens Despite Losing $300 Mln in Market Capital Tether, the controversial stable coin that has been pegged to the price of the US dollar, has released a new batch of tokens worth $50 mln. This follows on from March where they released $300 mln tokens priced at $1 each. However, despite being a stable coin tied to an asset like the dollar, Tether has lost over $300 mln in the past 30 days as its market capitalization has gone from $2.7 bln to $2.4 bln. Controversial coinTether has had a rocky road since its inception as, being based on the US dollar, the understanding is for every coin that is issued, the company must hold in its reserves equal value in US dollars. The issue is, despite its controversy, and the fact that there has not been any sort of strong and independent audit on their claims, Tether has become a pivotal source of liquidity for the crypto markets. Tether is now in second place after Bitcoin in terms of highest daily trading volumes, seeing $4.2 bln in trades a day or 28.58 percent of all crypto trades, while Bitcoin’s average 24-hour trading volume is $5.7 bln or 39.22 percent. But the allegations are that exchanges have been issuing more tokens than there are US dollars in the bank which could lead to a massive collapse seeing as these Tether tokens are being used to buy other cryptocurrencies which are being turned into fiat. Requiring an auditOne of the reasons that the coin has lost value in terms of its market cap has to do with the coverage in the media that Tether was receiving. Tether said it couldn't get enough of media reporting because of suspicious and controversial nature. However, after being accused of "lack of transparency" by the public, a law firm said in an unofficial statement in June that USDT is backed with legitimate US dollars. https://cryptocomes.com/tether-adds-50-mln-more-in-tokens-despite-losing-300-mln-in-market-capital
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Bytem3
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September 06, 2018, 10:05:25 AM |
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lifeOK
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Merit: 22
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October 15, 2018, 10:53:57 AM |
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Finally it has proved stable coin is not so stable forever, traded recently under 90c so Tether (USDT) always having risk!
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ThunderCatSteve
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October 15, 2018, 02:58:34 PM
Last edit: October 19, 2018, 02:55:25 PM by ThunderCatSteve |
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Today morning BTC experienced a huge pump, probably from the reduced confidence in Tether which also resulted in a discrepancy of BTC prices between exchanges that support fiat currency and exchanges that use stablecoins as a substitute. It's not so high but still noticeable since I think that 5% change of bitcoin price is not so much but still it worth because we saw it near to $6k which was not good until now which is $6.6k Tether USDT and the TUSD are very good coins that people can switch easily to "fiat" into crypto and into the other side which I think has made people a good opportunity by making it much easier. |
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Bytem3
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November 02, 2018, 04:56:18 PM |
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Zero1One0
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November 02, 2018, 05:24:41 PM |
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I just use it for short term to preserve value in USD-like.
Rather than pull out crypto to fiat and then deciding to change fiat to crypto again will take sometime.
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anobtc
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November 02, 2018, 05:26:44 PM |
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Since this is supposed to be tied to $, can anyone explain why Tethers value is not static? I could understand a small premium (as it saves people selling to $) but i dont know why it seems to trade in a +/- 4% range this past month (and as much as 1.08) at one point. Are people actually trading the coin?
Tether rates are affected when you use USD to buy USDT on some exchanges that allow you to trade fiat money. And that is normal when trading currency. |
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DenysM
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November 02, 2018, 05:34:07 PM |
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The question of whether tokens were provided with the dollar at all stages of the company? The question is open and there is no answer. Please note that the letter is not signed by any official of the bank. |
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georgereyes
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November 02, 2018, 05:40:25 PM |
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The market cap pop is what cause the drop in price but not sure why people sold at less than a buck. I would never have lol.
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