The most stable coin" USDT" ,have the possibility of collapse??

[simpleholmes]

it can be collapsed because the coin is not backed with anything and you can create as much as you want, which is against the rules of finance and cause inflation in long term.

[Kevin77]

The most stable coin ,have the possibility of collapse?

This question Troubled me for long time，Thanks for answer

USDT is currently experiencing a scandal, and its future will collapse. Investors will now invest in BTC, ETH as well as cryptos in the top 10. The USDT collapse is also understandable because of the stability of the cryptos, while the remaining cryptos are falling unstable, USDT only fluctuates at the rate of $ 1.

usdt is not an investment vehicle. you don't "invest" in usdt. it's impossible for usdt to collapse unless the exchanges (or usd itself) collapses in which usdt is no more riskier than any other coins.
even if the so called scandal is true, and there isn't actually a single dollar in the bank, the value of usdt to usd will remain unaffected.

The only thing in which most of the investors are actually interested is that which help them in making of more amount of money. There are investments like that of gold which were once considered as the best way of investing your money but since they have got the stable market value, none of the investor invested his money into it. Same is the case when it comes to that of USDT. People will lose their interest in USDT as it is getting stable market value.

it can be collapsed because the coin is not backed with anything and you can create as much as you want, which is against the rules of finance and cause inflation in long term.

But when more people are ready to hold, I guess there will be less possibilities for this coin to get collapsed. Still, there cannot be anything to be done when more people prefer not to hold.

[Kloug]

usdt is not an investment vehicle. you don't "invest" in usdt. it's impossible for usdt to collapse unless the exchanges (or usd itself) collapses in which usdt is no more riskier than any other coins.
even if the so called scandal is true, and there isn't actually a single dollar in the bank, the value of usdt to usd will remain unaffected.

You can trade USDT/USD on Kraken, thus, yes of course it can collapse. Just this night it lost 5%.


..which doesn't mean there is anything wrong happening with it.. YET. Indeed, you can trade normal USD/EUR on Bitstamp, and it's not uncommon to see a  gap of a few % between the pair on Bitstamp, and the "real" USD/EUR value. Hell, EUR even peaked at 1.4 USD for a brief moment on Bitstamp, probably because a whale made a mistake.


Still, the more you read about what's happening around USDT, the more you understand it's probably a scam. Seems to be all red flags.
Bitfinex isn't a small exchange, and some other big exchanges support USDT, I don't know when we will know the outcome of this, but it will be either really good or really bad.

[Kloug]

But when more people are ready to hold, I guess there will be less possibilities for this coin to get collapsed. Still, there cannot be anything to be done when more people prefer not to hold.

So if tomorrow it's announced that there is only a small fraction of real fiat to back USDT, you're gonna hold yours?

Everyone will panic-sell it. You will see a BTC at say $9000 on Bitstamp or Kraken, and $35000 on Bitfinex/Bittrex. And that will be the first step, after that all crypto will crash again, even more. I'd say, it'd better be now once for all.
And then god knows what happens to USDT-supporting exchanges, they are gonna have massive debts.

[UsernameBitcoin]

Tether has the possibility of collapse any day. There needs to be a audit.

[lhflyfeihong01]

Yeah,the possibility of collapse is very high!
Do you notice the ratio of USDT??
it keeps dropping and dropping!
I remember the USDT-to-Yuan is about 7.5 in December,2017.
But now,Jan,2018,the ratio is about 6.5.
Dropping down about 15%,and The Tether is meeting a crisis of
trust.
The Tether company could not prove the USDT is a not infaltion coin!
That's very fatal!
So it's very dangerous to kepp USDT in a long term!

[amarpk]

i think no
it is stable even when a lot of usdt was stolen from tether.to.

[mindconfig]

It is alarming that Tether refused to cooperate with the audit company. Maybe they really do not have enough real dollars to cover USDT

[Kloug]

Yeah,the possibility of collapse is very high!
Do you notice the ratio of USDT??
it keeps dropping and dropping!
I remember the USDT-to-Yuan is about 7.5 in December,2017.
But now,Jan,2018,the ratio is about 6.5.
Dropping down about 15%,and The Tether is meeting a crisis of
trust.
The Tether company could not prove the USDT is a not infaltion coin!
That's very fatal!
So it's very dangerous to kepp USDT in a long term!

Wow you people are so stupid.

What did you not understand in the concept of USDT? It's supposed to have the value of 1 USD. Are you using YUANT? No, because there is NO SUCH THING.
How can you possibly blame 1 USDT for not following the value of the Yuan?

[Ironmaiden]

It is alarming that Tether refused to cooperate with the audit company. Maybe they really do not have enough real dollars to cover USDT

Someone else is depositing that is when you have cash. Imagine everyone wants to withdraw their money at once, that is when you know that its just numbers we have and not real money and the same thing is going on here.