What do you think about Tether?

[pixie85]

I don't use tether at all and I don't trust it. Tether is centralized and as long as they are auditing themselves I will not use them or trust in their promises. If they wanted to be transparent they would do it so you should ask yourself why aren't they? Maybe because they know that greedy idiots will keep coming and will be using their stablecoin because it's the most popular.

[Yamifoud]

I don't use tether at all and I don't trust it. Tether is centralized and as long as they are auditing themselves I will not use them or trust in their promises. If they wanted to be transparent they would do it so you should ask yourself why aren't they? Maybe because they know that greedy idiots will keep coming and will be using their stablecoin because it's the most popular.

I know transparency is very important to gain trust investors and its attraction also but somehow many were not doing it, not just Tether. Maybe there are things to hide and protected, and we can't push them to let the public know as they have the rights also, we respect them.
There is no need to push our self into this if we feel uncomfortable and to see no future. Tether won't give satisfaction to you but the others have it, let the things evolve.

[Dragonrage201]

Tether has been in controversial news many times in the past. Now there are many new stable coins so there are choices.

[auliasilvana]

Tether does look stable, and many use tether for investment, but I've never used it. This was seen as a good move in the CMC despite a decline but did not shake his position.

[meldrio1]

Tether is very useful when the market is dumping you should go convert it into tether because it's a stable coin your money will be safe.

[Little Mouse]

It doesn't fall a big amount because it is a kind of backed up by usd. You will get 1:1 ratio whenever you want. People who don't like to take risk and want liquid money they buy tether. You have some other option too like TrueUSD or some others.

[gudjhonson]

In trading, most people choose to be profitable and full of risks, while Tether seems stable, this will not be an explosion. And I have never used Tether, it looks safe and stable and this will be used by investors who don't need much profit.

[hulla]

It doesn't fall a big amount because it is a kind of backed up by usd. You will get 1:1 ratio whenever you want. People who don't like to take risk and want liquid money they buy tether. You have some other option too like TrueUSD or some others.

You're with what you said because Tether was implement to cryptoneirs and crypto investors/traders profit intact but I dont like the fact that Tether was backed with USD because they government failure was the reason why crypto currency was implement from the get go. However, I like other stable coins which back with metal (gold).

[ethereumhunter]

Many people use  The Tether[USDT] as there Safe ´´Wallet´´ so they Purchase it and Tether always keeps up the Same Price as you can see it doesnt really went down since 6 Months
My Question about it Do you use Tether to?

Sometimes I use the tether to save my money from decreased the bitcoin or altcoin price so I can use the tether to rebuy the coin when it's down. But it is not happening in all time I used tether because when the price of altcoin start to increase, I will sell the altcoin to get more bitcoin and I will hold it in bitcoin only until bitcoin price can increase too. But some people who trade in the market will prefer to use tether against bitcoin or altcoin so they can increase the amount of tether.

[Jating]

Many people use  The Tether[USDT] as there Safe ´´Wallet´´ so they Purchase it and Tether always keeps up the Same Price as you can see it doesnt really went down since 6 Months

That's why they're called Stable Coins because they don't fluctuate that much and the price is 1:1 to US dollar.

My Question about it Do you use Tether to?

I don't use Tether because I don't like it simply as that. I would rather trade and taken advantage of the high volatility of the market to make money. If you put your funds in Tether then it will just go and sleep there. It could be a good leverage though specially for newbies, but for far more experience trader I will assume that they don't trust Tether at all, simply answer.

[DenysM]

I do not think that Tether is backed by real dolar. They have not submitted any documents proving that they have several billion dollars in their bank accounts. They have not passed any audit. The fact that there is a pair of USDT/USD on Bitfinex proves once again that they are fraudsters.

[ChiNgadOr]

This is a rat trap.. i have been always stayed away of this.. there are may complains and raised flags regarding the real backing of this asset. I will bet they dont have any vault anywhere with a single $ cent.. In the future, there will come a day, when many people that though they were the smartest of all, protecting their gains after shifting to Tether, will see their asets valued at 0,0$. And i really dont care for them..they were warned many times about what could happen!

[thinkpad99]

Tether is a very dangerous tool. The official information is that the audit was made and ended positively. However, in my opinion it is a very alarming that one exchange can be able to just add zero and create as much virtual dollars as it wants.

[Clearstream]

the USDT is the first stable currency. but its price fell sharply on October 15 last year. it caused a great panic in the market. there may not be enough dollar support behind it. I will choose PAX, now.

[karsy]

As for me, I use usdc by Circle if I need to buy stable coin. But I think usdt is also a good variant. They passed an independant audit so these 'bad news' are just fud to make an influence on the market.

[CryptoAssasin]

I always lean my back on tether before when there will be a massive sell out in the market and the bears on the attack. At first, I thought that is it one of the safest thing to do but I am wrong. It only giving you a smaller opportunity to learn more instead of using ETH or BTC as a trading pair. Why? When BTC / ETH went down the price, most of the altcoins are on the rise and vice versa.

[TheReverend]

tether is good for short-term trade, you can convert to tether if you know the coin will go down and buy when the price goes down then sell when it goes up.
I do not recommend storing tether in the long term, it is better to change to fiat or BTC.

[Prosperityforall]

tether is the biggest stablecoin ever and it seems for me in case of usdt failure, the whole crypto market will disappear, because tether is something connected closely with  crypto ecosystem

[niteroy]

The fact that the price of Tether does not fall is not unusual, because its price is tied to the price of a dollar. It is convenient for trading on a crypto exchange, but to consider it as an investment is not correct, because Tether is just a stock exchange tool that replaces the fiat dollar.

[sonicwave]

Many people use  The Tether[USDT] as there Safe ´´Wallet´´ so they Purchase it and Tether always keeps up the Same Price as you can see it doesnt really went down since 6 Months
My Question about it Do you use Tether to?

So far this is the most stable asset that is pegged to the dollar and is massively used as an alternative wallet. And as many claim so far while  is no danger in this.