Breaking News: Tether , a problem or just FUD...

[bachthanhtung]

Have a lot of bad news and the bitcoin price is going down!
Hope that everything is OK!

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[bohr]

Even if tether does go up in a ball of flame, exchanges will quickly suss something out in order to maintain their business. If they do not already have pairings for actual dollars they could create their own version of USDT. It is in their interest to have a way of getting into crypto and if they do not quickly adapt that will see other exchanges taking up their market share. I wouldnt be surprised if exchanges that do not offer USD/EUR pairings are working in the background on something that will replace USDT so that they can immediately implement it if tether is confirmed as bust.

But who in his right mind will use something like tether created by another exchange if tether is in fat confirmed as a bust? At that point most people will want nothing like tether ever again and will ask for pairs directly with the US dollar, in my opinion this is a way to make exchanges accept even more stringent KYC policies against their users.

[TimtheYoutuber]

Have a lot of bad news and the bitcoin price is going down!
Hope that everything is OK!

Really hard to pinpoint exactly what is going on. I think it is just mostly panic sellers who got into the market late. No one that bought in early is going to be scared of china bans etc

[Searing]

Have a lot of bad news and the bitcoin price is going down!
Hope that everything is OK!

Really hard to pinpoint exactly what is going on. I think it is just mostly panic sellers who got into the market late. No one that bought in early is going to be scared of china bans etc

Well better, that we are at 9k and the shoe drops, vs 4k and the shoe drops...I'd rather dump from 9k to 4k than 4k to 1k if it is bad bad bad news....

[eaLiTy]

Do you guys think this is real? Or do you think that it is just a coincidence that Tether isn't getting an audit.

The circumstances are really shady ,started out with just $25 million and now they have $2.2 billion worth of Tether and they are generating it like crazy in the past few months,the audit report looked shady as well as they are not revealing the banks they have invested this much amount of money,there is zero transparency and yet the team behind tether is telling that they are doing the best they can do to be transparent,looks like they do not understand the meaning of transparency.The doubts are real and you only know the reality with time.

[AGD]

Funny that this is only an issue because most of the people think, that USDT = USD 

[stompix]

Breaking News: Tether , a problem or just FUD...

Tether indeed is a problem, and the problem is it's own existence and reason of.

Tether, a token that is artificiality pegged to he value of a fiat currency , that can be produced in whatever numbers , that can be manipulated and at the same time lose it's value to zero once bitfinex pulls a gox....a thing like this is an insult bigger than ripple.

Another problem is that even if tether fails and I hope it will, we are going to have a lot of those in the future.
And with that, welcome to the era of the fiat shitcoins!!!

[Hannahanto]

A recent news on Tether is, investors were buying crypto currencies with Tether instead of US dollars and this is one the reason for the dip in value of last Tuesday (yesterday). Tether has manipulated much on crypto currencies values where only Tether value was in two digit percentage green and other altcoins were completed in red in terms of their growth values. Bit partiality.

[Coin12]

This is a big problem, I do not like the way the market is. What are your thoughts?

Every investor who been invested in crypto dont like this way of the market but its the market, the market is never wrong then we just need to follow it.
The only people who are happy with this situation is people who waiting to buy back at lowest price so they can make huge profit in the future.

[TimtheYoutuber]

This is a big problem, I do not like the way the market is. What are your thoughts?

Every investor who been invested in crypto dont like this way of the market but its the market, the market is never wrong then we just need to follow it.
The only people who are happy with this situation is people who waiting to buy back at lowest price so they can make huge profit in the future.

Most coins are bad projects though, so what would be more important is educating yourself during this time. Evaluate the coins you have, and make better investment decisions.

[BelieveInBitcoin]

I don't trust Tether - I think it could all unravel soon.

[JesusCryptos]

I guess Tether can be a big problem. If I am right, an audit to check it it was really backed by dollars has not been allowed. It stinks, and it stinks badly. It can create a major collapse of cryptoccurrencies if the problem is for real.

[Layonk]

Not to make fun of you, but if you want to look professional in future videos you might consider closing your bathroom door or changing the angle of your camera

People were being suspicious of tether for some time, but let's say tether is legit and they have all the reserve they're saying we can still see a huge "bank run" that could crash its price simply because of those suspicions spreading. Maybe those who are spreading the news are hoping for a crash to buy more? Not very probable, but we can't dismiss any possibilities. The options that I see are:
1. They will get a decent audit done and deal with it the right way.
2. They will have to deal with the bank run and a possible crash despite the rumors being true or not.

Well, this is the problem with using centralized coins, you need to trust they are doing what they say they are doing and every time we have done that things have turned out wrong not only for a few people but sometimes for entire countries, this is why I find something like tether to be odd to say the least, we have decentralized coins and yet people prefer to store their money in tether.

Its confusing me too why people still trust into centralized coin like tether and store their capital into tether.
There are so many other good coinout there and why tether?
In another case, people always said that they join here because they want decentralized for new currency system but its just writing sentence.

[JesusCryptos]

Most importantly how is it going to affect Bitcoin. Is it going to pull down BTC and then whole crypto currency market?
How would ETH fare in this situation?  I am wondering how can Tether with such a tiny market cap of about 2 billion dollars affect Bitcoin who market cap is 175 billion.
What do you guys/gals think?

It certainly isnt good publicly as well though, when people see $2B evaporate they wont want to enter the space. If everyone starts selling tether, others that are not aware or dont evaluate news are going to go " shit bitcoin is selling, we need to sell" and then hell breaks lose.


Although I dont think it is the end of the world, it certainly wont be good.

There is something worse. Even though the evaporation of 2B$ is quite irrelevant in the whole, people would start to rightfully claim that the rise of Bitcoin to ATH had been fueled by non-existent money, and THIS would crash BTC price.

[TimtheYoutuber]

There is something worse. Even though the evaporation of 2B$ is quite irrelevant in the whole, people would start to rightfully claim that the rise of Bitcoin to ATH had been fueled by non-existent money, and THIS would crash BTC price.

This also brings up another good point. The money is not "non existent" though because it is at the expense of others.

[JesusCryptos]

There is something worse. Even though the evaporation of 2B$ is quite irrelevant in the whole, people would start to rightfully claim that the rise of Bitcoin to ATH had been fueled by non-existent money, and THIS would crash BTC price.

This also brings up another good point. The money is not "non existent" though because it is at the expense of others.

The real problem of this world it that the money is to some extent "non existent" everywhere, the only existing thing is the faith in the value of a currency, take away the faith and you have no currency left. I know what I am talking about. I am Jesus Cryptos.

[TimtheYoutuber]

There is something worse. Even though the evaporation of 2B$ is quite irrelevant in the whole, people would start to rightfully claim that the rise of Bitcoin to ATH had been fueled by non-existent money, and THIS would crash BTC price.

This also brings up another good point. The money is not "non existent" though because it is at the expense of others.

The real problem of this world it that the money is to some extent "non existent" everywhere, the only existing thing is the faith in the value of a currency, take away the faith and you have no currency left. I know what I am talking about. I am Jesus Cryptos.

I didn't realize your name was Jesus Cryptos , now I see the light!

[QuestionAuthority]

For the full news coverage check out my YouTube Video:  Breaking News: Tether , a problem or just FUD...




Do you guys think this is real? Or do you think that it is just a coincidence that Tether isn't getting an audit.

Tether could be the missing link here. I guess time will tell what is tether up to.

What tether is up to is:

This asshole


And this asshole


Are stealing everyone’s money just like this asshole did:

[TimtheYoutuber]

For the full news coverage check out my YouTube Video:  Breaking News: Tether , a problem or just FUD...




Do you guys think this is real? Or do you think that it is just a coincidence that Tether isn't getting an audit.

Tether could be the missing link here. I guess time will tell what is tether up to.

What tether is up to is:

This asshole


And this asshole


Are stealing everyone’s money just like this asshole did:

They were asked to present an audit a long time ago and thought "instead, what if we just print tether to hide the situation" instead of just getting the audit done. Just stupid.

[TimtheYoutuber]

Who else has an opinion on this subject?