daoquanghuan (OP)
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June 26, 2018, 01:00:44 PM |
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Today, the tether continues to print 250 million tether, raising the tether's market capitalization to more than $ 2.7 billion to reach the top 10 coinmarketcap. People say that every time a tether is printed, the bitcoin price increases because the tether pumped USDT onto the floor to push the bitcoin price. What do you think about this and keep the USDT safe?
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inillo
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June 26, 2018, 01:05:19 PM |
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That is something many people would like to know. Apparenty a law firms has recently say that they are legit, but they are not really audited by any big four.
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Lingqingyi
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June 26, 2018, 01:06:09 PM |
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I don't think it's something we need to worry about.
At least most people in the entire crypto-currency market are using the USDT, so no one is having trouble converting.
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simapple
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June 26, 2018, 01:07:52 PM |
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I think so, the USDT is safe. Recently, they audited their Bank accounts and confirmed the availability of funds in these accounts.
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Tankdestroyer
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June 26, 2018, 01:11:09 PM |
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At the moment we can say that USDT is safe to use after all they supposedly have enough dollar in reserve to back all tether on June 20, 2018, but right now it would be hard to say that they really have enough money to back all of those tethers entering the circulation. IMO, tether needs to be re-audited in order to ascertain if they really have enough dollars to back all of the circulating supply. |
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Suicide101
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June 26, 2018, 02:57:21 PM |
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About what safety do you speak?
USDT as cryptocurrency is safe?
I think so. It is safe no more like BTC or ETH.
USDT as a way to wait a market dump is safe?
Yes.
But, there are no real things to think that USDT is supported by real dollar. And there are no arguments to think that USDT is safe the same as fiat money (dollar, euro, etc.)
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mmo_online_1981
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June 26, 2018, 03:12:53 PM |
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Today, the tether continues to print 250 million tether, raising the tether's market capitalization to more than $ 2.7 billion to reach the top 10 coinmarketcap. People say that every time a tether is printed, the bitcoin price increases because the tether pumped USDT onto the floor to push the bitcoin price. What do you think about this and keep the USDT safe?
I do not think it should be stored for too long. Digital money is quite risky, just a bad information can devalue completely! Bitconect is an example! |
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magicrypto
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June 26, 2018, 03:18:57 PM |
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People hold millions of dollars in USDT, so literally its safe, if something we can called "safe" in crypto.
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Surrapatt
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June 26, 2018, 03:27:30 PM |
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in terms of securing USDT seems a little difficult because in general all countries exchange each currency with USD so a little difficult to be maintained because it involves cryptocurrency.
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bosslington
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June 26, 2018, 03:29:34 PM |
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I think it can be called safe especially if U want to lock ur gains in trades...
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dhemasm
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June 26, 2018, 03:35:12 PM |
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From what I can find, USDT is supposed to be linked to the US dollarand therefore should be less volatile than others. So although other coins might fluctuate greatly, USDT ratio will remain 1: 1 with USD is not it?? So I think yes, USDT is safe because we can see from the volume and exchange. But nothing is impossible in the crypto world. Be careful and good luck!!!
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Thefrolly
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June 26, 2018, 05:20:08 PM |
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Even if tether might be safe right now there is no guarantee that it will be safe and secure in the future. There is really no one who is over watching what its parent company is doing. But if tether turns out to be a scam the whole crypto market is going to get burnt real bad and the market is going to drop big.
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cryptobae10
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June 26, 2018, 05:21:07 PM |
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Yes
It is safe
It keeps your money intact in correct value
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eagleman
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June 26, 2018, 05:24:15 PM |
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USDT is safe and every single thing you have said about it is true.
Like the latest news about them that they printed another more USDT which made the price of bitcoin pumped again.
It's safe because it's a stable coin, the volatility isn't an issue on that coin.
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dailythemmo
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June 27, 2018, 02:12:00 AM |
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Who guarantee it's safe? Everything can happen in crypto also. good luck with your choice!
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cherryscarlett
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June 27, 2018, 02:34:41 AM |
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The USDT may be safe at the moment, but no one can vouch for its future.
No one has seen their bank balances yet, but most of the market's money is in the USDT.
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mika1977
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June 27, 2018, 04:22:36 AM |
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The USDT recently passed an audit and confirmation of printed dollars. So far, this coin is safe. All these events around this coin are very similar to manipulation
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paxmao
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June 27, 2018, 08:57:50 AM |
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My suggestion: Don't use it. It is not audited and it is controlled by a private entity. The risk of it becoming uncontrolled, even for a short period is very high and the effect on Bitcoin price can be devastating.
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mariomerula
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June 27, 2018, 09:00:18 AM |
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THe fact that it's controlled by a private entity makes me doubt about the safety of this coin.... if I want $ I prefer just to cange my crypto to fiat...
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vlad230
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June 27, 2018, 09:01:35 AM |
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Yeah, there was a slight increase in price once the news broke loose a couple days ago but the increase was marginal.
I wonder if they truly deposit the sum of money in real FIAT when they increase the number of tokens on the market. There have been a lot of speculation on this thing so, if they do deposit the FIAT cash value than I think it's safe. Otherwise, since they pride themselves in having a "stable" coin I don't understand how they can back it up.
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