will tether collapse?

[xfaqs01]

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

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[xtrump101]

yup i heard this one and the issue is all over youtube reviews about the controversy and i believe that they are creating tether out of thin air and they used it to buy bitcoin and dumping the bitcoin back to us, thats exactly what happend after the bull run last December we screwed up, since they cannot bring down btc they create altcoin itself to bring it down and people are slowly recognizing this and eventually tether will collapse just like bitconnect become zero, so be carefull on tether stay away from it!

[figmentofmyass]

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

they're having banking problems. you can see it reflected in the prices at bitfinex or any USDT markets: prices are almost 2% higher than the rest of the market. it's well known by now that they lost banks recently (noble bank in puerto rico and more recently HSBC).

i'm not particularly worried about "tether printing". bitfinex is a massive profit-printing machine. i don't think they're insolvent in the "mt gox" sense.

my worry stems more from the fact that they keep losing banks. WTF are they gonna do when they've got billions of dollars in USD and EUR that they can't pay to their customers? also, if banks are feeling pressured not to work with them, you have to ask why and whether regulators are waiting to pounce on them.

[BitHodler]

There is no point in asking here. Tether could collapse today or somewhere in 2020 or could just as easily remain operational for ever. Holding stablecoins is always an issue, regardless of who the issuer is.

Bitcoin is even turned into a stablecoin meme on social media with how strong the base support has been. If you want to be safe, just hold Bitcoin and you'll be fine. I would never recommend anyone to hold stablecoins.

[xfaqs01]

they're having banking problems. you can see it reflected in the prices at bitfinex or any USDT markets: prices are almost 2% higher than the rest of the market. it's well known by now that they lost banks recently (noble bank in puerto rico and more recently HSBC).

i'm not particularly worried about "tether printing". bitfinex is a massive profit-printing machine. i don't think they're insolvent in the "mt gox" sense.

my worry stems more from the fact that they keep losing banks. WTF are they gonna do when they've got billions of dollars in USD and EUR that they can't pay to their customers? also, if banks are feeling pressured not to work with them, you have to ask why and whether regulators are waiting to pounce on them.

bitfinex might be the contributor of the bitcoin downfall because of printing more tether spreading it accros exchanges and bought it with major coin then dump them all at once back and boom everybody holding tether and theyre holding top coins then cash them out, i see the scheme clearly here, collapse is inevitable, thanks mate

[WinslowIII]

yup i heard this one and the issue is all over youtube reviews about the controversy and i believe that they are creating tether out of thin air and they used it to buy bitcoin and dumping the bitcoin back to us, thats exactly what happend after the bull run last December we screwed up, since they cannot bring down btc they create altcoin itself to bring it down and people are slowly recognizing this and eventually tether will collapse just like bitconnect become zero, so be carefull on tether stay away from it!

Uh, I don't think you get it. Tether was used to pump bitcoin and the alts last year, and the fear is that the billions of dollars of usdt was unbacked. This would make last year's pump entirely artificial. This is way bigger for crypto's image than what you are making it out to be.

[figmentofmyass]

Uh, I don't think you get it. Tether was used to pump bitcoin and the alts last year, and the fear is that the billions of dollars of usdt was unbacked. This would make last year's pump entirely artificial. This is way bigger for crypto's image than what you are making it out to be.

when you say "tether was used to pump" the market and therefore that the bull run was artificial, how do you really know?

lots of fiat money was flowing into GDAX and bitflyer, etc at the time and that was "pumping" the market too. why do you imply that fiat flowing into bitfinex or tether is somehow less legit than the other exchanges?

to be fair, the firm Freeh, Sporkin & Sullivan LLP released a report a few months ago and suggested that everything was kosher. tether's counsel has said straight-up that the major accounting firms won't work with them, so no audit.

at the end of the day, we don't get audits from any of the exchanges confirming their solvency. the same goes for regulated broker-dealers too though.

[WinslowIII]

Uh, I don't think you get it. Tether was used to pump bitcoin and the alts last year, and the fear is that the billions of dollars of usdt was unbacked. This would make last year's pump entirely artificial. This is way bigger for crypto's image than what you are making it out to be.

when you say "tether was used to pump" the market and therefore that the bull run was artificial, how do you really know?

lots of fiat money was flowing into GDAX and bitflyer, etc at the time and that was "pumping" the market too. why do you imply that fiat flowing into bitfinex or tether is somehow less legit than the other exchanges?

to be fair, the firm Freeh, Sporkin & Sullivan LLP released a report a few months ago and suggested that everything was kosher. tether's counsel has said straight-up that the major accounting firms won't work with them, so no audit.

at the end of the day, we don't get audits from any of the exchanges confirming their solvency. the same goes for regulated broker-dealers too though.

They can't dodge and weave forever. I sincerely hope this isn't a scandal that makes mt gox look like a mole hill.

[adaseb]

I've been around long enough not to buy any of this tether FUD.

If it really was going to collapse the premium would of been much higher than currently.

Even if USDT was somehow banned, I think they would halt trading of USDT and allow conversions to USD or some other stable coin.

Doubt they would outright ban it and cause billions of losses to investors.

[xfaqs01]

I've been around long enough not to buy any of this tether FUD.

If it really was going to collapse the premium would of been much higher than currently.

Even if USDT was somehow banned, I think they would halt trading of USDT and allow conversions to USD or some other stable coin.

Doubt they would outright ban it and cause billions of losses to investors.

yup they wouldnt ban it i think because they are profiting from it, but the ordinary community now are more aware of what is really happening ang eventually more and more people will lose trust on tether and dump them off, so they dont need to ban it the community wilk decide it if its trustable or not.

[WinslowIII]

I've been around long enough not to buy any of this tether FUD.

If it really was going to collapse the premium would of been much higher than currently.

Even if USDT was somehow banned, I think they would halt trading of USDT and allow conversions to USD or some other stable coin.

Doubt they would outright ban it and cause billions of losses to investors.

Who is this "they" you are referring to? This is way more complicated than you realize.

[pooya87]

the issue with Tether is not a new one. it has existed from near the start of it. basically it is because they are creating money out of thin air without any kind of cap or plan. the tokens are backed by real US dollar but the ratio may not be 1:1 exactly.

and the biggest risk has nothing to do with these things. the real risk is because it is a centralized coin issued by a company that is not regulated, legal,... this company can go down any time and that means vanishing of USDT with it. something like a hack can also be damaging.

[davis196]

I would be pretty glad,if tether collapses.
One shitcoin out of the crypto markets=more trust in bitcoin (and the few stable altcoins,who still exist).
Tether is just a scheme,we don't need that "coin".I don't think that bitfinex really needs that coin to ease the process of converting USD into crypto.

[xtrump101]

I would be pretty glad,if tether collapses.
One shitcoin out of the crypto markets=more trust in bitcoin (and the few stable altcoins,who still exist).
Tether is just a scheme,we don't need that "coin".I don't think that bitfinex really needs that coin to ease the process of converting USD into crypto.

me too id be more than happy if tether collapse, it was created to destroy bitcoin and the whole cryptocurrencies, bitcoin can survive without it and bitcoin will be great again!

[Tytanowy Janusz]

I would stay out of USDT now.

http://www.untether.space/

There you can check risk premium for trading theater. Its increasing every day. It means that slowly trader by trader is leaving it to trade with usd. Holding usdt makes you loose 2% this month according to USD. This might accelerate.

[xfaqs01]

I would stay out of USDT now.

http://www.untether.space/

There you can check risk premium for trading theater. Its increasing every day. It means that slowly trader by trader is leaving it to trade with usd. Holding usdt makes you loose 2% this month according to USD. This might accelerate.

now that thr crash has begun eventually more holders will follow so dont get left behind or else youll lose tons of money, i knew it this will happen o just never thought this would be earlier than i thought, and i hope that all exchanges will abolished tether ang rather use real fiat instead, like what bakkt will do in the near future

[1Referee]

I would stay out of USDT now.

http://www.untether.space/

There you can check risk premium for trading theater. Its increasing every day. It means that slowly trader by trader is leaving it to trade with usd. Holding usdt makes you loose 2% this month according to USD. This might accelerate.

I question that. Tether heavily depends on the market sentiment in order to either lose or gain value, and it has kept its value within a safe to operate zone for months straight. I'm even of believe that Tether has been on of the better hedges during the current bear market, especially with how you mostly don't have to trigger AML/KYC procedures when holding/depositing/withdrawing it. I don't like Tether, but I understand why it enjoys a wide level of demand.

It's pretty common for Tether drama to boil up again during price crashes and bear markets, because hey, people and the mainstream media have to blame something for what this market is going through.

Price up = Tether manipulation.
Price down = Tether on the brink of collapse.

What's new?

[Johnzky]

I would be pretty glad,if tether collapses.
One shitcoin out of the crypto markets=more trust in bitcoin (and the few stable altcoins,who still exist).
Tether is just a scheme,we don't need that "coin".I don't think that bitfinex really needs that coin to ease the process of converting USD into crypto.

I second emotion this sentiment as we know what tether is all about and what this brings to market.better those who holds this coin may sell all of them so this will bring the shitcoin dead.sorry for those who supports this coin but i am not one,and i hate shitcoins..right on that bitfinex can use other altcoin than usinh tether anymore.

[gentlemand]

my worry stems more from the fact that they keep losing banks. WTF are they gonna do when they've got billions of dollars in USD and EUR that they can't pay to their customers? also, if banks are feeling pressured not to work with them, you have to ask why and whether regulators are waiting to pounce on them.

What bank would want them? They're unregulated and largely a mystery. I find it incredibly arrogant on their part that they'd expect any bank to want to business with them. They're an instant red flag.

Having said that this Tether shit is ancient and they'll no doubt figure out some kludge until the next time. Meanwhile the same old conspiracy shite will go quiet and bubble up again at a later date.

I find it really weird how willing so many exchanges have been to embrace it. There's something about the entire set up that doesn't compute for me and never has.

[adaseb]

Basically think about it?

There are many people who use tether everyday, its even used by Poloniex still which is used by Circle.

If they banned it outright it would cause alot of huge losses for many investors, which is not fair. If it does get forbidden or banned somehow, I think there will be some convert USDT to USD or other stablecoin process and it will halt all USDT trading pairs for the time being.

Even when ICOs were shutdown, the government told the ICO founders to issue refunds.

Eventually however Bitfinex and most other exchanges will have to comply not to deal with these issues, however to do that they will need to KYC all their users.

[exstasie]

my worry stems more from the fact that they keep losing banks. WTF are they gonna do when they've got billions of dollars in USD and EUR that they can't pay to their customers? also, if banks are feeling pressured not to work with them, you have to ask why and whether regulators are waiting to pounce on them.

What bank would want them? They're unregulated and largely a mystery. I find it incredibly arrogant on their part that they'd expect any bank to want to business with them. They're an instant red flag.

Obviously they've been doing it for years now. There's thousands of banks out there; apparently some of them are less risk averse than you.

I find it really weird how willing so many exchanges have been to embrace it. There's something about the entire set up that doesn't compute for me and never has.

Binance became the biggest exchange in the world without any fiat money processing at all. There's definitely some appeal in offloading USD custody on someone else. If Bitfinex goes up in smoke tomorrow, it's not Binance that'll lose, but Binance's USDT depositors.

[xfaqs01]

Basically think about it?

There are many people who use tether everyday, its even used by Poloniex still which is used by Circle.

If they banned it outright it would cause alot of huge losses for many investors, which is not fair. If it does get forbidden or banned somehow, I think there will be some convert USDT to USD or other stablecoin process and it will halt all USDT trading pairs for the time being.

Even when ICOs were shutdown, the government told the ICO founders to issue refunds.

Eventually however Bitfinex and most other exchanges will have to comply not to deal with these issues, however to do that they will need to KYC all their users.

might be, but eventually the collapse might happen gradually or slowly to the extent that we woke up someday and suddenly tether becomes worthless. nah i dont wanna wait that when it happens, weve been warned though, so we better be prepared then and diversify our portfolio

[naidray]

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

I still do not understand what tether is and how it could be printed out all of a sudden into existence without any of us agreeing on that being dollar at all. I think tether is just a way exchanges makes money off us and that it, nothing more. Does it have a proper use ? Yes, it does, it definitely works great if you would like to keep your money in the exchange and not just make it into dollar to cash out but just to trade, specially for trading bots. But do we need a token for it ? Can't we just literally use dollars for it, banks do not give us any tether at all but we know we have dollars in our bank accounts, why can't the exchanges do the same ?

eventually the collapse might happen gradually or slowly to the extent that we woke up someday and suddenly tether becomes worthless. nah i dont wanna wait that when it happens, weve been warned though, so we better be prepared then and diversify our portfolio

Tether is part of your portfolio ? I just wonder for what purposes you are holding them ? I simply want to ask do you hold your fiats as part of your portfolio ? But I am not. At the same time, very much similar to fiats, I am making use of tethers and settling across exchanges has become easier for me just due to tether and I do not want it to get collapsed.

[BrewMaster]

despite what people think, Tether is the worst altcoin of all times with the highest risk. but 99% of the time whenever you read something about it online it is posted purely to spread FUD and nothing else. and majority of them aren't even good FUD! they are the dumb ones. and i think they are one of the reasons why Tether got this big! because they hide the real issues with their nonsense which people eventually figure out and when they do they think the real issues were just as nonsense!

[1Referee]

I find it really weird how willing so many exchanges have been to embrace it. There's something about the entire set up that doesn't compute for me and never has.

You know what's weird? Poloniex has done nothing but lick asses of regulators and other legal entities, but also has done nothing to even question how potentially harming Tether could turn out to be for their operation. If I was a regulator, I would have forced Poloniex to get rid of Tether, or else not be granted approval for takeover at all.

It was their chance to replace USDT with an actual fiat pair, but they failed hard. Look at Poloniex now, what's the added benefit of that exchange? It's just a waste of resources with no possible way to regain its old full glory top tier status as exchange. $400 million disaster.

[aqila baruroh]

Cryptocurrency is filled with news like that, if you easily believe in the news that has just appeared you should not be here. vigilance does not mean not believing, but you must find out the truth.

[gentlemand]

You know what's weird? Poloniex has done nothing but lick asses of regulators and other legal entities, but also has done nothing to even question how potentially harming Tether could turn out to be for their operation. If I was a regulator, I would have forced Poloniex to get rid of Tether, or else not be granted approval for takeover at all.

It was their chance to replace USDT with an actual fiat pair, but they failed hard. Look at Poloniex now, what's the added benefit of that exchange? It's just a waste of resources with no possible way to regain its old full glory top tier status as exchange. $400 million disaster.

They've introduced their goldmansachscoin there now, but USDT is still the main game in town on there. I presume they're going to attempt an orderly transition but whatever customers they have left there may well resist unless that coin is taken on by a bunch of other places otherwise it'll just be Poloniexcoin.

It is v strange that they didn't immediately boot USDT considering its parentage now.

[figmentofmyass]

I find it really weird how willing so many exchanges have been to embrace it. There's something about the entire set up that doesn't compute for me and never has.

You know what's weird? Poloniex has done nothing but lick asses of regulators and other legal entities, but also has done nothing to even question how potentially harming Tether could turn out to be for their operation. If I was a regulator, I would have forced Poloniex to get rid of Tether, or else not be granted approval for takeover at all.

i'm not sure there's a legal basis for that. that might just be the beauty of stablecoins---regulators really only have legal standing against the issuer/redeemer. that's why the USA government came after ripple labs but never any exchanges that listed XRP.....because ripple laps was the issuer.

exchanges like USDT because it's liquid: they easily can bootstrap markets. trying to launch real fiat markets is probably a liquidity nightmare.

[pooya87]

I find it really weird how willing so many exchanges have been to embrace it. There's something about the entire set up that doesn't compute for me and never has.

You know what's weird? Poloniex has done nothing but lick asses of regulators and other legal entities, but also has done nothing to even question how potentially harming Tether could turn out to be for their operation. If I was a regulator, I would have forced Poloniex to get rid of Tether, or else not be granted approval for takeover at all.

i'm not sure there's a legal basis for that. that might just be the beauty of stablecoins---regulators really only have legal standing against the issuer/redeemer. that's why the USA government came after ripple labs but never any exchanges that listed XRP.....because ripple laps was the issuer.

exchanges like USDT because it's liquid: they easily can bootstrap markets. trying to launch real fiat markets is probably a liquidity nightmare.

it is not just liquidity. it is also about all the problems that will come with using fiat. for a fiat market they will have to rely on banks, banks that can be friendly to them now and when their account grew close it down because they had a change of heart about cryptocurrencies (eg. Indian Reserve bank). not to mention the AML/KYC that they are forced to follow and that may mean losing a large number of their users.
it is also the speed. fiat deposit/withdrawals will take a lot of time whereas tether is like any other crypto. it will be fast.

[signup01]

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

in my opinion the development of cryptocurrencies depends on the investor itself interest and desire will be the development of the currency if as a guideline is the dollar I feel has become a global currency of course cryptocurrency

[Oleg88]

Today there is a high probability that Tether collapsed. Now its price is already 1.11 per pair TUSD / USDT. I think it's all about the bad end

[cryptomining]

True Usd rose to 1.16. Binance will leave the tether and go to True Usd. If that's the reason, it's not really real.

[Oniko]

Cryptocurrency market is very unpredictable! Now we got + 10% for 1 hour.

And what if we get plus 100% for 1 day!? The market will revive again and everyone will start investing their fiat money in Bitcoin

[Sadyshagg]

Lots of post are saying that Tether (USDT) might be insolvent and everyone was bailing out of it into Bitcoin.
Be careful out there guys, lot's of misinformation is getting spread across social media.

[X-ray]

True Usd rose to 1.16. Binance will leave the tether and go to True Usd. If that's the reason, it's not really real.

Or that will be a short term hype and there will be a lot of people will try to jump back again to the tether, the majority of tether holders have been dumping their tether for bitcoin and then convert it into TUSD.
In the latest news said that there was a lot of new volumes come to the crypto market right now. Bitcoin is still trading with 6 billions daily trade volume.

[jeda2000]

After recent events, Tether has lost a lot of confidence, so it's more helpful to subcoin or bitcoin it with more confidence than to keep your money here. Also stay away from other coins claiming that they set out to combat inflation

[jeanniej4]

The possibility of tethering going down is enormous, because essentially it is a real money alternative to the USD as its developers have said.
In addition, tether can be made too much and unreasonable, causing its price to become unreasonable and diminishing - just like today happened on bitfinex.
The current tether is like a balloon that is inflated and can explode at any moment.
So I think staying away from Tether now is a wise move.

[Cnut237]

The question of whether Tether might collapse has been going on for years, and the answer is that no-one really knows. It could collapse right now or it could remain steady for many years.
However the key consideration as with any stablecoin is that it is not 100% safe. For short-term trading purposes it may function as an equivalent to fiat, but long-term it is much more of a risky proposition.
I would say only use Tether when you have to or in the short-term, e.g. if the whole market is dropping.
And never keep money as Tether for a long period of time.

[Lhaine]

The question of whether Tether might collapse has been going on for years, and the answer is that no-one really knows. It could collapse right now or it could remain steady for many years.
However the key consideration as with any stablecoin is that it is not 100% safe. For short-term trading purposes it may function as an equivalent to fiat, but long-term it is much more of a risky proposition.
I would say only use Tether when you have to or in the short-term, e.g. if the whole market is dropping.
And never keep money as Tether for a long period of time.

Actually some of people here saying that tether will be collapse for many years and some of them are thinking that it might be die. Honestly hard to believe because we all know that everything is possible and crypto is unpredictable.

[opv321]

Buy tether, if it goes back up to $1, garuanteed profit. If it falls to $0, all the value went to bitcoin and you've helped move bitcoin price.

[European Central Bank]

Buy tether, if it goes back up to $1, garuanteed profit. If it falls to $0, all the value went to bitcoin and you've helped move bitcoin price.

why aren't bitfinex or other insiders buying up as much as possible right now?

i'm finding the whole thing kinda strange. it's not as if it's the first time there have been banking problems, they carried on for months in the past, but the reaction was nowhere near as violent and rapid as this time.

[qwizzie]

$490 price difference of Bitcoin, thanks to Tether right now (going out of Tether and into Bitcoin)  :

Bitfinex (Tether)                                                                          : $6899
Bitstamp, Kraken, GDAX (Coinbase Pro), Gemini, CEX (Non-Tether) : $6409

When you have this much spread and it is not diminishing, then there clearly is a problem.
More exchanges are also starting to provide access to more reliable stablecoins : https://www.coindesk.com/crypto-exchange-okex-lists-4-new-stablecoins/

[carlisle1]

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

Im afraid it will,as for those threa thats talking about this.

Because this centralized coin has nothing to benfits in future,notlike ripple is being backed by bankers,tether backd up by nothing but the developers only,and now many investors are full out their investments inside and convert to more beneficial crypo

[terrific]

Buy tether, if it goes back up to $1, garuanteed profit. If it falls to $0, all the value went to bitcoin and you've helped move bitcoin price.

But he lost his money.
I never bought USDT but the news last year about tether printing around $300M.
It has been proven and said that its real money. If you think that $.85 is a good buy now.
You'll just sell when it goes a bit high.

[BryanK]

Today we all saw a strange situation, as the usd fell to the level of 0.94 dollar, as it can be called after that stable coin?

[xfaqs01]

Today we all saw a strange situation, as the usd fell to the level of 0.94 dollar, as it can be called after that stable coin?

not anymore it is now unstable coin, unless tether and bifinex can show solid proof that they really have the backing of the current usdt circulation supply now which is $2 billion dollar tether will never go back to normal, its the trust of the community not the money that they lost,

[Open4lies]

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

The possibility of Tether collapsing is very difficult because this crypto shows excellent stability in the crypto market. Although there was negative news yesterday for the USDT to fall to $ 0.95, the rate is now back to its $ 1. The failure of the USDT is impossible.

[Black Coffee]

very confusing and do we have to worry? what is the biggest impact if tether experiences collapse? will the market get worse?

[Getcoinsite]

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

If i will look into the threads created here about tether,for sure same thiing will be on my mind that thisoin will die soon
But lets see what will happen for tomorrow lol

[Sephire]

Do not know for sure if it will collapse or not but it is surely risky to hold it. Couple of exchanges suspended tether deposits/withdrawls today and its price is below $1, both red flags.

[tadpole_bitfrog]

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

Yesterday there was a lot of news that USDT was a scam and many investors sold it off and made the price of Bitcoin rise dramatically. This is a news that makes the USDT lose a lot of prestige and will soon collapse and lose to the USD. it is an obvious thing.

[Siti Nurbaya]

One negative news is able to collapse one of the coins above, so you should be able to read the situation so you can take advantage of this time.

[BryanK]

Today we all saw a strange situation, as the usd fell to the level of 0.94 dollar, as it can be called after that stable coin?

not anymore it is now unstable coin, unless tether and bifinex can show solid proof that they really have the backing of the current usdt circulation supply now which is $2 billion dollar tether will never go back to normal, its the trust of the community not the money that they lost,

Totally agree with you, to replace usdt it's a lot different stable coins with them I hope such history will not repeat itself.

[CryptoAssasin]

That also what i am thinking with tether and this might be listed as one of the biggest cryptocurrency scam. Because of the issue last time with bitfinex, tether will surely be on the hotseat again. I stopped using USDT as a trading pair because i dont wanted to be surprised that my funds turn to zero surprisingly if there will be a massive sell if they will accused as scam.

[i7claufe]

Yes! If Tether which is supposed to backed by real USED, is not backed by USD. Exchanges, specifically Bitfinex "is said to be" creating Tether out of thin air and using it to BUY BTC which obviously contributes to the downfall of crypto. If it's like that, it's a lot better not having "Tether" at all.

[Vit83]

IMHO it can't collapse. This is just rumors to through week hands from the market. It already lost its volumes and most of the exchanges replacing it. So nothing will happen even if it will disappear.

[Sylvial]

There are rumours that this is pure FUD and some old screenshot from Binance. This is a screenshot from CZ of Binance
. Now earlier today, a tweet from Bitfinex announcing their new fiat deposit system to replace Tether, just a day after.
.

Seems to me like this whole thing was well orchestrated.

[afroman1131]

Some famous youtuber said, it will probably not collapse, even if there is no real dollar behind. And seems logical, it is a very popular coin. But personally would not buy it anyways, if I want to hodl in some stable coin, I pick Bitcoin.

[Ewinsane]

Today there is a high probability that Tether collapsed. Now its price is already 1.11 per pair TUSD / USDT. I think it's all about the bad end

That would probably call for the pump in btc actually when compared to Tether whereas the normal fiat market did not really make any serious move. It is a crazy thing to see such thing happening and I have always known most of the time that one way or the other USDT will end up imploding and being discarded.

A lot of the exchanges like Bittrex are already coming up with direct fiat trading, and possibly we are seeing more reputable digital currencies to hedge with compared to USDT and it certainly looks like this is becoming a gradual end for tether in every way and there is no bailing out from this one.

[xfaqs01]

Some famous youtuber said, it will probably not collapse, even if there is no real dollar behind. And seems logical, it is a very popular coin. But personally would not buy it anyways, if I want to hodl in some stable coin, I pick Bitcoin.

those famous youtuber said that probably are holding tether, even in every angle you analize there is no future on coins that can be created anytime by someone without credible evidence and transparency of audit, its inflationary and will just ruin the whole cryptoverse, no hope for tether, trust havr been lost.

[Cmoh]

For the cryptocurrency market, it is always you will listen to the negative talk by the renowned people. But, if you prompt with these talk then you will go in loss. As you already know that it is decentralized and anonymous so nobody will take effect in this segment. But, you will only be affected by the demand and supply of the coin. So, hold Tether as it is like the Ethereum.

[smoolae]

There has always been this fog of great mystery around Tether. We have no certain bank confirmations of Tether really being backed by real USD, nor does it look good that more Tether can be just "printed" when Bitfinex says so.

I do not trust Tether, definitely wouldn't hold it for a longer period of time.

[renemagritte]

There have always been tether fuds in this market. I can't remember how many times I heard "tether will collapse". It didn't.

I believe they proved that they backed every usdt with a usd in their bank account. But there was a problem with their bank lately, that's the cause of this new fud. And even if tether collapses, people will sell their usdt for btc and btc will rise like yesterday not a bad thing for most of us.

But these stable coins should be stable. We don't want them to go below or higher than $1. Maybe Tusd or other stable coins will take the lead, we will see.

[btc78]

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

Tether is still on move to recovery and i kow that this coin has a good future,yes being centralized is a big question mark for future yet tether is tried and tested for contributing the last growth of bitcoin in 2017 so lets not lose hope instead be positive that after this economic problem worldwide things will come to better and back to what the cryptocurrencies meant to be

[renes]

No it will not collapse but there are anymore many better alternatives, so there is negative news about tether. I would personally not use tether if any other one is available on a exchange because transparency is important issue.

[Sengoko]

my worry stems more from the fact that they keep losing banks. WTF are they gonna do when they've got billions of dollars in USD and EUR that they can't pay to their customers? also, if banks are feeling pressured not to work with them, you have to ask why and whether regulators are waiting to pounce on them.

What bank would want them? They're unregulated and largely a mystery. I find it incredibly arrogant on their part that they'd expect any bank to want to business with them. They're an instant red flag.

Obviously they've been doing it for years now. There's thousands of banks out there; apparently some of them are less risk averse than you.

I find it really weird how willing so many exchanges have been to embrace it. There's something about the entire set up that doesn't compute for me and never has.

Binance became the biggest exchange in the world without any fiat money processing at all. There's definitely some appeal in offloading USD custody on someone else. If Bitfinex goes up in smoke tomorrow, it's not Binance that'll lose, but Binance's USDT depositors.

I really do feel you in that last part which is actually one of the obvious reasons people should be very careful with the USDT market as it is now. A lot of shady things which I believe, is going on with this one and like you said, only the USDT holders or depositors will really be the ones losing a whole lot and this would possibly affect the market actually one way or the other if we get to see USDT implode and probably cause another fundamental rush selling to the downside. Let's just hope it does not get to come up to that eventually as that would really be terrible for a whole lot of people.

[xfaqs01]

my worry stems more from the fact that they keep losing banks. WTF are they gonna do when they've got billions of dollars in USD and EUR that they can't pay to their customers? also, if banks are feeling pressured not to work with them, you have to ask why and whether regulators are waiting to pounce on them.

What bank would want them? They're unregulated and largely a mystery. I find it incredibly arrogant on their part that they'd expect any bank to want to business with them. They're an instant red flag.

Obviously they've been doing it for years now. There's thousands of banks out there; apparently some of them are less risk averse than you.

I find it really weird how willing so many exchanges have been to embrace it. There's something about the entire set up that doesn't compute for me and never has.

Binance became the biggest exchange in the world without any fiat money processing at all. There's definitely some appeal in offloading USD custody on someone else. If Bitfinex goes up in smoke tomorrow, it's not Binance that'll lose, but Binance's USDT depositors.

I really do feel you in that last part which is actually one of the obvious reasons people should be very careful with the USDT market as it is now. A lot of shady things which I believe, is going on with this one and like you said, only the USDT holders or depositors will really be the ones losing a whole lot and this would possibly affect the market actually one way or the other if we get to see USDT implode and probably cause another fundamental rush selling to the downside. Let's just hope it does not get to come up to that eventually as that would really be terrible for a whole lot of people.

i urge all of you guys to avoid tether because it will collapse sonner or later, if you really want to use stable coins there is a lot out there that are much bettet than tether across all exchanges and to name them are $DAI, $PAX, $GUSD, $TUSD, these are stable coins pegged to a dollar that is better than tether, choose among them whichever is available on your prefered exchange...

[adaseb]

Look don't buy into all this tether FUD.

In my opinion people are making all this fear just because one guy on Twitter who sold BTC at like $1600 is calling Bitfinex and Tether a big scam.

There is a 4-5% premium right now you its basically free money just to arbitage this. Also don't look into the USDT./USD pair on Kraken, it has very little liquidity and most people are just arbing with the Tether vs Cash exchanges.

[xtrump101]

if you really want to use stable coins there is a lot out there that are much bettet than tether across all exchanges and to name them are $DAI, $PAX, $GUSD, $TUSD, these are stable coins pegged to a dollar that is better than tether, choose among them whichever is available on your prefered exchange...

wow wonderful i never thought that there is a lot of STABLECOINS pegged to dollar other than tether, thank you for this information! i saw $DAI is in a lot of exchanges like forkdelta and many more, and $PAX and $TUSD too in binance and kucoin and many more, although $GUSD i think is available only in gemini.

after reading your comment i immediately search and it is really are stablecoin better than tether!

THANK YOU so much for the info

[Hueristic]

yup i heard this one and the issue is all over youtube reviews about the controversy and i believe that they are creating tether out of thin air and they used it to buy bitcoin and dumping the bitcoin back to us, thats exactly what happend after the bull run last December we screwed up, since they cannot bring down btc they create altcoin itself to bring it down and people are slowly recognizing this and eventually tether will collapse just like bitconnect become zero, so be carefull on tether stay away from it!

Uh, I don't think you get it. Tether was used to pump bitcoin and the alts last year, and the fear is that the billions of dollars of usdt was unbacked. This would make last year's pump entirely artificial. This is way bigger for crypto's image than what you are making it out to be.

What you don't get is this doesn't matter.

Even if it was an artificial pump the price has been held up for months now without any artificial parachute and therefore is at market value by definition.

[Febo]

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

Whatever you hold on the exchange you dont really hold.  If Bitcoins from one exchange will get stolen and you will hold Monero on that same exchange you will most likely end up without any founds.

Stable coins like tether are meant to be used by exchanges that dont have fiat pairs. So they buy tether from Bitfinex and then can offer it on their platform.  It is not you or me or anyone else that buys tether from Bitfinex. But companies that run exchanges. And they risk if something from some reason goes wrong with tether.  All that you or me can do about it is to not leave our cryptocoins on exchanges.

[Sephire]

There are many new stablecoins coming in the market so days of tether being the primary choice are numbered. It has been through such FUD before also so hard to know if it will be fine or not. Probably safer to just avoid it.

[MuffinMaster]

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

Whatever you hold on the exchange you dont really hold.  If Bitcoins from one exchange will get stolen and you will hold Monero on that same exchange you will most likely end up without any founds.

Stable coins like tether are meant to be used by exchanges that dont have fiat pairs. So they buy tether from Bitfinex and then can offer it on their platform.  It is not you or me or anyone else that buys tether from Bitfinex. But companies that run exchanges. And they risk if something from some reason goes wrong with tether.  All that you or me can do about it is to not leave our cryptocoins on exchanges.

This is a good description of what is happening with your investment when it is exchanged for Theter. I do not believe that all transactions are realy covered in this currency. I am afraid that the moment will come when it will turn out that everything was only virtual. Hopefully not..

[CryptoBry]

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD? What are your thoughts?

I have been reading many negative things and speculations on Tether too and it is quite sad that this happened to this platform which had been performing well in the past many years. There has been an ongoing concern of internal problems with Tether and there are many speculations about what really goes on inside the platform. Sadly, Tether management is not doing well arresting those problems whether true or not. Right now, there are many who are thinking that maybe Tether is collapsing and this can be the reason why many are dropping it in its role as the stable coin and there are already who replaced it with something else with the same function. It will be interesting to see what can happen next...whether Tether can survived or will it eventually die a natural death.

[prtty2gal2]

very confusing and do we have to worry? what is the biggest impact if tether experiences collapse? will the market get worse?

Yes, you have to worry if you are holding Tether at the moment, because whether you like it you may just end up holding a shit coin in the long run when it implodes. For now, there are a lot of shady things going on with tether, and the possibility of people dumping it pretty fast will always be there which in this case would actually make us see the kind of situation we just saw recently.

I really do think, it may not be affecting the market negatively much as that would possibly have effect only on those who are holding it, and that would amount to some huge loss as far as I am concerned, if care is not taken.

[pageraji]

i never buy or holding tether, because its stable coin and have no fun to hold it, just go colapse, i dont regret this coin.

[rickadone]

if you really want to use stable coins there is a lot out there that are much bettet than tether across all exchanges and to name them are $DAI, $PAX, $GUSD, $TUSD, these are stable coins pegged to a dollar that is better than tether, choose among them whichever is available on your prefered exchange...

wow wonderful i never thought that there is a lot of STABLECOINS pegged to dollar other than tether, thank you for this information! i saw $DAI is in a lot of exchanges like forkdelta and many more, and $PAX and $TUSD too in binance and kucoin and many more, although $GUSD i think is available only in gemini.

after reading your comment i immediately search and it is really are stablecoin better than tether!

THANK YOU so much for the info

Yeah, there are lots of them and they are by far more legitimate and trustworthy in their dealings with solid backing than Tether which is one of the reasons people should understand that tether days won't last pretty much and the chances of seeing the USDT market being dumped by then will be terrific which I believe by now, this is something everyone should either be bailing out now or at least, picking the new stable coins that have solid bank backing and real life funds and not just some shady stable coin called Tether.

Most exchanges pretty soon will be delisting Tether as far as I am concerned and I am trying to see how that would place the USDT market.

[go4crypto]

Tether had gone down to $0.92 with similar rumors last year and came back fine. Nevertheless, it is hard to trust  since the bank account backing tether is unaudited.

[Leo]

It's just a normal FUD tether won't collapse,  it's just a normal manipulation of the market by whales,  as you can see it has an effect on bitcoin going up,  tether won't collapse it will still be strong

[xtrump101]

It's just a normal FUD tether won't collapse,  it's just a normal manipulation of the market by whales,  as you can see it has an effect on bitcoin going up,  tether won't collapse it will still be strong

i think its not a fud its a fact! among the stable coins ount there and to name are $DAI, $PAX, $GUSD, $TUSD, $USDC and TEHTER which would you like to choose? only tether has no audited backing among them..

[xfaqs01]

It's just a normal FUD tether won't collapse,  it's just a normal manipulation of the market by whales,  as you can see it has an effect on bitcoin going up,  tether won't collapse it will still be strong

i think its not a fud its a fact! among the stable coins ount there and to name are $DAI, $PAX, $GUSD, $TUSD, $USDC and TEHTER which would you like to choose? only tether has no audited backing among them..

i would reject tether and choose the first  five of the stablecoin list, and diversify my portfolio among the five which has the backing of dollar audited, unlike tether, though im not a fan of coin pegged to dollar but that 5 list is legit for me

[puremage111]

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

Well, USDT has been having a long time accusation on their holdings because they couldn't show or proof their audits
I believe it might still sustain in the space for a short terms as it is still one of the famous USD Pegged coin (From what they have said)

But time by time, i believe TRUEUSD could perform well and replace USDT in the long term
TrueUSD is regulated and it is escrowed by auditing firms which shows more transparency

[batang_bitcoin]

Its not practical to have it, IMO.

I don't have it and never bought it. A stable coin that evens goes down, how can that be? Usually looking on it around $1 - $0.99 but I've seen it went down to $0.8. I'd stay away with that coin if I were you guys and won't sit my money there for a very long time, this is why you only use bitcoin.

[Q2kc]

Maybe the best move now is to stay away from Tether it is a very controversial stable coin if you want to use a Stable coin, try True USD or USDC if tether cannot answer all these controversies I'm sure it will collapse someday.

[auliahr]

Its not practical to have it, IMO.

I don't have it and never bought it. A stable coin that evens goes down, how can that be? Usually looking on it around $1 - $0.99 but I've seen it went down to $0.8. I'd stay away with that coin if I were you guys and won't sit my money there for a very long time, this is why you only use bitcoin.

from this incident we can conclude that stable coins cannot always be stable and can fall anytime. you are right and there is no benefit if we hold stable coins, we better swap it directly into fiat money and we will not feel worried if at any time a stable coin collapses.

[Krendom]

As long the company hold fiat same as they have token, usdt will survive. Until now im not recommended hold on central token/coin. Just doin what you thing the best for hold.

[sana54210]

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

If i will look into the threads created here about tether,for sure same thiing will be on my mind that thisoin will die soon
But lets see what will happen for tomorrow lol

It is just a matter of days or months, but however it ends up turning out, the days of tether are numbered. This is a stable coin market that has been known for some shady stuff and then refused being audited, and a lot of other atrocities which I believe one way or the other, is either they get nabbed or something terrible just happens.

We cannot say exactly the impact this would have on the general crypto space, but this would most definitely make a lot of people to be opting out of the Tether market with so many people losing a whole lot which isn't a good thing.

[karthcrypt]

Tether and other stable coin in cryptocurrency have been the lifeline for many investors and market for stability. Cryptocurrency fiat is good for the market and I don't see issues with tether,  they only need to sort out the dollar backing issue!

[batang_bitcoin]

Its not practical to have it, IMO.

I don't have it and never bought it. A stable coin that evens goes down, how can that be? Usually looking on it around $1 - $0.99 but I've seen it went down to $0.8. I'd stay away with that coin if I were you guys and won't sit my money there for a very long time, this is why you only use bitcoin.

from this incident we can conclude that stable coins cannot always be stable and can fall anytime. you are right and there is no benefit if we hold stable coins, we better swap it directly into fiat money and we will not feel worried if at any time a stable coin collapses.

That's right, they should be stable all of the time but they are also fluctuating.

It is a reason for people to stay away those that are converting their assets sometime to USDT or any other stable coin. And this will serve as a warning as well that not all the time stable coins are stable, they have flux so be careful with what you buy and keep on researching while observing the market.

[Hueristic]

Calling anything Stable coin is a misnomer, everything fluctuates.

[jackky]

Tether and other stable coin in cryptocurrency have been the lifeline for many investors and market for stability. Cryptocurrency fiat is good for the market and I don't see issues with tether,  they only need to sort out the dollar backing issue!

I do not think Tether will collapse because it is a kind of coin that is priced at par with USD for easier trading in the cryptocurrency market. Although that is very simple but Tether has been in this market for a long time and let it disappear is difficult because of the large number of people hold.

[abanansah]

Those negative news about USDT has existed a long time till it went live but it must be noted that it is the best coins to hold when the price of all coins in the market goes red. It is best use in aiding arbitrage trading.

[NeverSop]

I think they are still a stablecoin. compared to the development of the market. It does not have the strength to fill up the market. So, we see that GUSD or TUSD is probably the necessary addition. I think that is a special point for the market to go up.

[Harriti]

It is doubtful that the Tether (USDT) is crypto with great potential and receives support from many organizations. Although the USDT is currently only $ 0.97, it will soon return to $ 1. This large impact of USDT is due to the sale of USDT series makes the exchange rate down more than 30%.

[suprex333]

Bad news Tether does give an advantage to those who hate it. I think the Tether development team will try their best to not lose a lot of their communities.

[desfira]

don't think too long to buy.
now is the perfect time to buy and store it for a long time.
because currently the price is still too cheap, and that is a very good opportunity

[Bitcotalk]

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD? What are your thoughts?

I have been reading many negative things and speculations on Tether too and it is quite sad that this happened to this platform which had been performing well in the past many years. There has been an ongoing concern of internal problems with Tether and there are many speculations about what really goes on inside the platform. Sadly, Tether management is not doing well arresting those problems whether true or not. Right now, there are many who are thinking that maybe Tether is collapsing and this can be the reason why many are dropping it in its role as the stable coin and there are already who replaced it with something else with the same function. It will be interesting to see what can happen next...whether Tether can survived or will it eventually die a natural death.

Well, it is a platform that was meant for a greater good when it comes to hedging of funds, no doubt it has been very useful over the years, and would have keep being useful if the team is not busy doing some shady things with the USDT market which most of the time has resulted to unnecessary pumps of the BTC market.

The problem now is that Tether is not even allowing auditing and that shows entirely that there is a skeleton in their cupboard they do not want to let out to the world, but it is only going to be a matter of time before the truth eventually comes out. For now, investors have lost their trust in the use of Tether as a hedge.

[Wong Gendheng]

Tether is a good and stable token, I keep around $ 200 for Tether, and the thing that keeps tether alive is devs. the active and real fiat hold can guarantee investors.

[LDenis555]

Bitcoin is now at a crossroads: become a normal means of payment or die. The first is unlikely to suit you, since you have invested in bitcoin money - for the normal circulation of the bitcoin rate in relation to other currencies should be reduced to a reasonable.

[CowboyX]

Maybe the best move now is to stay away from Tether it is a very controversial stable coin if you want to use a Stable coin, try True USD or USDC if tether cannot answer all these controversies I'm sure it will collapse someday.

for some reason I think so too. My Tether is not credible at all. It is better to transfer altcoins immediately to Fiat

[ajdaj]

Maybe the best move now is to stay away from Tether it is a very controversial stable coin if you want to use a Stable coin, try True USD or USDC if tether cannot answer all these controversies I'm sure it will collapse someday.

for some reason I think so too. My Tether is not credible at all. It is better to transfer altcoins immediately to Fiat

in any case, if attacks of certain groups of intruders began that manipulate the cryptocurrency market, they will still be plagued by that cryptocurrency, which is equivalent to a dollar.

[armarsterling7]

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

It has been reported by some journalists that bad news about it and its price has gone down to $ 0.96. That was a very bad thing and it made the price of Bitcoin rise rapidly to $ 7k7. But I think this is a whale's strategy. They do so to investors who fear and buy Bitcoin. then the price of Bitcoin is high, they will sell it and Bitcoin has returned $ 6k5. Tether does not collapse, it's just being manipulated and exploited.

[KyberJaxx]

I would not want to be a pessimist, but I think that Tether can make some unpleasant surprise in the future for the entire cryptographic market

[BitLendingClub]

I would not want to be a pessimist, but I think that Tether can make some unpleasant surprise in the future for the entire cryptographic market

Do you think that UDSC, PAX or TUSD more stable and valuable USDT? I wait when we will live without this streak USD worldwide. This is a main idea of cryptocurrency. Not for USD profit. But I have more and more doubt that it will happen

[Bidnant]

I would not want to be a pessimist, but I think that Tether can make some unpleasant surprise in the future for the entire cryptographic market

Do you think that UDSC, PAX or TUSD more stable and valuable USDT? I wait when we will live without this streak USD worldwide. This is a main idea of cryptocurrency. Not for USD profit. But I have more and more doubt that it will happen

I heard the those coins (stable) have federal insurance. So they are more reliable.

[r95222]

I would not want to be a pessimist, but I think that Tether can make some unpleasant surprise in the future for the entire cryptographic market

Do you think that UDSC, PAX or TUSD more stable and valuable USDT? I wait when we will live without this streak USD worldwide. This is a main idea of cryptocurrency. Not for USD profit. But I have more and more doubt that it will happen

I heard the those coins (stable) have federal insurance. So they are more reliable.

Federal insurance? Yes, it's so serious  I heard same about USDT whet Bitfinix started work with it only. Reliable bank with solid base says they. Try to research what is it USDC for example. After we can watch on the USD base and who is his owner actually. Sorry, nothing personal

[Alijiindahaus]

I would not want to be a pessimist, but I think that Tether can make some unpleasant surprise in the future for the entire cryptographic market

Do you think that UDSC, PAX or TUSD more stable and valuable USDT? I wait when we will live without this streak USD worldwide. This is a main idea of cryptocurrency. Not for USD profit. But I have more and more doubt that it will happen

I heard the those coins (stable) have federal insurance. So they are more reliable.

Federal insurance? Yes, it's so serious  I heard same about USDT whet Bitfinix started work with it only. Reliable bank with solid base says they. Try to research what is it USDC for example. After we can watch on the USD base and who is his owner actually. Sorry, nothing personal

guys, you can not argue about this. If this coin is really in demand in our society, then it should have the right to exist and to support all users of cryptocurrency. In any case, USDT saves cryptocurrency users from large fluctuations in the cryptocurrency market. I have repeatedly withdrawn my funds in the USDT when certain coins fell very low.

[aeternus]

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

Tether has been criticized from the very beginning and not long ago there was an investigation to see if each tether was in fact backed by dollars and it seems this issue is begin put into question again, so if you want to get out of the market of cryptocurrencies or you want to protect your investment then just use dollars, there is not much of a point to use tether to begin with.

[Crypdon]

It would be safer to switch to other stablecoins like USDT or the newly created geminiUSD. Good to see better alternatives available, we should not be too over reliant on tether are the calamity late last year

[raven.tiu17]

I hope it will so traders will jump into thr crypto and shill, Which I believe that the price of bitcoin will pump through. Let's trust the bitcoin protocol and its users.

[Sinone]

I think both possibilities has in Tether. A few days ago bitcoin suddenly pumped and reached at 6900 USD that time Tether price came at 95 USD if I am not wrong! So, collapse can happen or Tether always will remain strong!

[MuffinMaster]

I think this completely depends on the fact if it's really 100% backed 1:1 by USD or if they were lying.
However it seems there are already many alternatives.

The audit showed that everything is fine - and I personally hope it is. The problem is that no one has checked the credibility of the auditing company.
If it turned out that Tether does not have coverage, it would be a disaster that would could trigger a crisis for the entire cryptocurrency market for many years.

[sockpuppet1911]

https://twitter.com/cryptomanran/status/1054072679488241664

So they are buying back the tokens under a dollar? and then issue new ones $1 a pop. All the fud is making them even richer.

https://twitter.com/cryptomanran/status/1054080450916990976

[nelson208]

I hope yes, and they go to TrueUSD, better and real.

[Laxus215]

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

Yes there are negative news going on around about the tether in the market as they have failed to proove the backing of USDT tether pegged with US dollar in the audit. The things with  the bank and bitfinex are not going well and they have parted ways. So it's better to make practical decision now and move on to another stable coins like GUSD, TUSD, USDC, PAX, or HUSD which are also fulfilling the same objectives and are backed by VCs.

[Yamifoud]

I think both possibilities has in Tether. A few days ago bitcoin suddenly pumped and reached at 6900 USD that time Tether price came at 95 USD if I am not wrong! So, collapse can happen or Tether always will remain strong!

Tether is just similar to other coin in the market.  Yes it have a current low price as what we've seen but still it is still alive and moving.  We can't particularly determine what will happen for these certain coin in the future cause the downtrend of its price isn't good enough to say that it will totally vanish in the market.

[fasdorcas]

Maybe the best move now is to stay away from Tether it is a very controversial stable coin if you want to use a Stable coin, try True USD or USDC if tether cannot answer all these controversies I'm sure it will collapse someday.

That is just the best practical and sane move for anyone who is smart now. There are lots and lots of eyebrow and concerns with the tether team even being truthful, there is no transparency in the aspect of audit as well as they are just busy minting tether out of the blue.

I only pity those who are going to be caught holding tether when it eventually collapses. We have seen the scenario of something that would likely happen recently, and I hope people are really taking note to know they should not be thinking of tether as an option anymore. It is just a matter of time!

[ophyrim]

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

Many people dont trust Tether because of low transparency of Tether. They need to be more transparent. After the last volatility, they have shown a report (proof of funds according to them) which shows that Tether has 100% backing. But the problem the report is not enough because it belongs just for 1 day and it belongs to a law firm, not an auditing firm.

[Rune]

https://twitter.com/cryptomanran/status/1054072679488241664

So they are buying back the tokens under a dollar? and then issue new ones $1 a pop. All the fud is making them even richer.

https://twitter.com/cryptomanran/status/1054080450916990976

Now that is something this is something I never even considered if they make 5% profit on tether thats like a hundred million dollars. Geeze there is so many possible ways to scam people ever day there seems like a new one.
but I'm still worried that that they don't have all the money they should it would be very bad for crypto if this super inflated "coin" goes under. stay safe people

[Bitcotalk]

It's just a normal FUD tether won't collapse,  it's just a normal manipulation of the market by whales,  as you can see it has an effect on bitcoin going up,  tether won't collapse it will still be strong

i think its not a fud its a fact! among the stable coins ount there and to name are $DAI, $PAX, $GUSD, $TUSD, $USDC and TEHTER which would you like to choose? only tether has no audited backing among them..

i would reject tether and choose the first  five of the stablecoin list, and diversify my portfolio among the five which has the backing of dollar audited, unlike tether, though im not a fan of coin pegged to dollar but that 5 list is legit for me

Tether is already on the verge of collapsing. New exchanges are rejecting it, there are various other options that are more legit than tether, auditing is a problem with tether, investors and traders who use it to hedge already lost the trust, and in that case, I believe there is nothing left for tether and it is just a scam that would end up imploding pretty soon and we will all see it happen eventually unless may be the team are able to gain that trust back but for now, I feel they have gotten so greedy to some extent that they have done shady things with tether they are now trying to cover up.

[Dodoymabs]

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

Based from its origin, Tether has been specifically designed to maintain its stability because it is backed by fiat currencies. As we can recall its history, it was started trading in February 2015 and in November 2017, millions of Tether coins has been hacked. Furthermore, this definitely affect its reputation, and doubts has been build which may affect the fear of collapse. But I think, this will always remain to be stable and probably already make their security more upgraded.

[dat.ho12492]

It's just a normal FUD tether won't collapse,  it's just a normal manipulation of the market by whales,  as you can see it has an effect on bitcoin going up,  tether won't collapse it will still be strong

i think its not a fud its a fact! among the stable coins ount there and to name are $DAI, $PAX, $GUSD, $TUSD, $USDC and TEHTER which would you like to choose? only tether has no audited backing among them..

i would reject tether and choose the first  five of the stablecoin list, and diversify my portfolio among the five which has the backing of dollar audited, unlike tether, though im not a fan of coin pegged to dollar but that 5 list is legit for me

Tether is already on the verge of collapsing. New exchanges are rejecting it, there are various other options that are more legit than tether, auditing is a problem with tether, investors and traders who use it to hedge already lost the trust, and in that case, I believe there is nothing left for tether and it is just a scam that would end up imploding pretty soon and we will all see it happen eventually unless may be the team are able to gain that trust back but for now, I feel they have gotten so greedy to some extent that they have done shady things with tether they are now trying to cover up.

Although I did not read too much information about tether but I still felt it came very close to collapse because a lot of bad news about them is published, even a person who does not care about news like me, I can still know the bad news. It means their prestige has fallen dramatically, market capitalization also encountered many problems, competitors are trying to encroach on tether land, with such a situation, it probably can not continue to exist

[doycku]

It's just a normal FUD tether won't collapse,  it's just a normal manipulation of the market by whales,  as you can see it has an effect on bitcoin going up,  tether won't collapse it will still be strong

i think its not a fud its a fact! among the stable coins ount there and to name are $DAI, $PAX, $GUSD, $TUSD, $USDC and TEHTER which would you like to choose? only tether has no audited backing among them..

i would reject tether and choose the first  five of the stablecoin list, and diversify my portfolio among the five which has the backing of dollar audited, unlike tether, though im not a fan of coin pegged to dollar but that 5 list is legit for me

Tether is already on the verge of collapsing. New exchanges are rejecting it, there are various other options that are more legit than tether, auditing is a problem with tether, investors and traders who use it to hedge already lost the trust, and in that case, I believe there is nothing left for tether and it is just a scam that would end up imploding pretty soon and we will all see it happen eventually unless may be the team are able to gain that trust back but for now, I feel they have gotten so greedy to some extent that they have done shady things with tether they are now trying to cover up.

Although I did not read too much information about tether but I still felt it came very close to collapse because a lot of bad news about them is published, even a person who does not care about news like me, I can still know the bad news. It means their prestige has fallen dramatically, market capitalization also encountered many problems, competitors are trying to encroach on tether land, with such a situation, it probably can not continue to exist

guys, actually. Today, the entire cryptocurrency market is in a fever and all the coins are in very poor condition. But in this situation we are talking about problems with the cryptocurrency equivalent of the USDT dollar. I think that this coin reduced the risks of a falling market for many cryptocurrency users who sold coins for USDT to wait out bad times.

[ryap12]

It's just a normal FUD tether won't collapse,  it's just a normal manipulation of the market by whales,  as you can see it has an effect on bitcoin going up,  tether won't collapse it will still be strong

i think its not a fud its a fact! among the stable coins ount there and to name are $DAI, $PAX, $GUSD, $TUSD, $USDC and TEHTER which would you like to choose? only tether has no audited backing among them..

i would reject tether and choose the first  five of the stablecoin list, and diversify my portfolio among the five which has the backing of dollar audited, unlike tether, though im not a fan of coin pegged to dollar but that 5 list is legit for me

Tether is already on the verge of collapsing. New exchanges are rejecting it, there are various other options that are more legit than tether, auditing is a problem with tether, investors and traders who use it to hedge already lost the trust, and in that case, I believe there is nothing left for tether and it is just a scam that would end up imploding pretty soon and we will all see it happen eventually unless may be the team are able to gain that trust back but for now, I feel they have gotten so greedy to some extent that they have done shady things with tether they are now trying to cover up.

Although I did not read too much information about tether but I still felt it came very close to collapse because a lot of bad news about them is published, even a person who does not care about news like me, I can still know the bad news. It means their prestige has fallen dramatically, market capitalization also encountered many problems, competitors are trying to encroach on tether land, with such a situation, it probably can not continue to exist

guys, actually. Today, the entire cryptocurrency market is in a fever and all the coins are in very poor condition. But in this situation we are talking about problems with the cryptocurrency equivalent of the USDT dollar. I think that this coin reduced the risks of a falling market for many cryptocurrency users who sold coins for USDT to wait out bad times.

For now we will just have to watch over TETHER price. I guess the best option left is not to hold  TETHER, instead use the alternate stable coins. That way we can really secure our funds not to go down. If the news was FUD, then it will eventually be forgotten and people will again start using TETHER maybe after 2-3 months.

[Teraboy]

It's just a normal FUD tether won't collapse,  it's just a normal manipulation of the market by whales,  as you can see it has an effect on bitcoin going up,  tether won't collapse it will still be strong

i think its not a fud its a fact! among the stable coins ount there and to name are $DAI, $PAX, $GUSD, $TUSD, $USDC and TEHTER which would you like to choose? only tether has no audited backing among them..

i would reject tether and choose the first  five of the stablecoin list, and diversify my portfolio among the five which has the backing of dollar audited, unlike tether, though im not a fan of coin pegged to dollar but that 5 list is legit for me

Tether is already on the verge of collapsing. New exchanges are rejecting it, there are various other options that are more legit than tether, auditing is a problem with tether, investors and traders who use it to hedge already lost the trust, and in that case, I believe there is nothing left for tether and it is just a scam that would end up imploding pretty soon and we will all see it happen eventually unless may be the team are able to gain that trust back but for now, I feel they have gotten so greedy to some extent that they have done shady things with tether they are now trying to cover up.

Although I did not read too much information about tether but I still felt it came very close to collapse because a lot of bad news about them is published, even a person who does not care about news like me, I can still know the bad news. It means their prestige has fallen dramatically, market capitalization also encountered many problems, competitors are trying to encroach on tether land, with such a situation, it probably can not continue to exist

guys, actually. Today, the entire cryptocurrency market is in a fever and all the coins are in very poor condition. But in this situation we are talking about problems with the cryptocurrency equivalent of the USDT dollar. I think that this coin reduced the risks of a falling market for many cryptocurrency users who sold coins for USDT to wait out bad times.

This kind of tokens have been used by some parties to printed more and more USDT. I'm feeling doubt if they can prove it each of USDT or TUSD backed by a dollar. Remember the result of tether audit and it's so vague and it was having a lot of uncertainties thing. It looks like tether will be difficult to go back equal with a dollar for each tether.   It's so rediculous for a token that backed by a dollar.

[Allxblx]

I do not trust Tether and wait for others to change their opinion about him! It is time to think again and understand that this project will not lead anywhere. I will be glad when the main exchanges clean it.

[Markperop]

It's just a normal FUD tether won't collapse,  it's just a normal manipulation of the market by whales,  as you can see it has an effect on bitcoin going up,  tether won't collapse it will still be strong

i think its not a fud its a fact! among the stable coins ount there and to name are $DAI, $PAX, $GUSD, $TUSD, $USDC and TEHTER which would you like to choose? only tether has no audited backing among them..

i would reject tether and choose the first  five of the stablecoin list, and diversify my portfolio among the five which has the backing of dollar audited, unlike tether, though im not a fan of coin pegged to dollar but that 5 list is legit for me

Tether is already on the verge of collapsing. New exchanges are rejecting it, there are various other options that are more legit than tether, auditing is a problem with tether, investors and traders who use it to hedge already lost the trust, and in that case, I believe there is nothing left for tether and it is just a scam that would end up imploding pretty soon and we will all see it happen eventually unless may be the team are able to gain that trust back but for now, I feel they have gotten so greedy to some extent that they have done shady things with tether they are now trying to cover up.

Although I did not read too much information about tether but I still felt it came very close to collapse because a lot of bad news about them is published, even a person who does not care about news like me, I can still know the bad news. It means their prestige has fallen dramatically, market capitalization also encountered many problems, competitors are trying to encroach on tether land, with such a situation, it probably can not continue to exist

guys, actually. Today, the entire cryptocurrency market is in a fever and all the coins are in very poor condition. But in this situation we are talking about problems with the cryptocurrency equivalent of the USDT dollar. I think that this coin reduced the risks of a falling market for many cryptocurrency users who sold coins for USDT to wait out bad times.

This kind of tokens have been used by some parties to printed more and more USDT. I'm feeling doubt if they can prove it each of USDT or TUSD backed by a dollar. Remember the result of tether audit and it's so vague and it was having a lot of uncertainties thing. It looks like tether will be difficult to go back equal with a dollar for each tether.   It's so rediculous for a token that backed by a dollar.

I'm a little worried about your words. Do I really make a mistake when I keep a large part of my funds in the USDT? Today, I was calm for the safety of my money in the form of cryptocurrency and hoped for their stability.

[Hartmas]

And not soon will come stabilization. Vaughn will finish checks on Chinese exchanges - zakolbasilo bitcoin again here and there. Just have time to buy and dump.

[desfira]

As long the company hold fiat same as they have token, usdt will survive. Until now im not recommended hold on central token/coin. Just doin what you thing the best for hold.

if at this time I better hold more coins.
because now is the right time to buy.
do not hesitate with crypto, this will develop every day as long as there are people who buy it.

[Eraldo Coil]

Even though there are issues revolving around tether collapsing, I don't think it will collapse just because of those reasons. Even though it has its own issues I think tether should be able to respond well.

[droptableguy2]

I do not trust Tether and wait for others to change their opinion about him! It is time to think again and understand that this project will not lead anywhere. I will be glad when the main exchanges clean it.

Tether coin is quite stable and potential, in my opinion they decline in a short time, they can not collapse completely as many people predict, the end of this year will be the rise of the penny. And all the coins will rise to the moon. so let's wait patiently.

[kopijos]

It's just a normal FUD tether won't collapse,  it's just a normal manipulation of the market by whales,  as you can see it has an effect on bitcoin going up,  tether won't collapse it will still be strong

i think its not a fud its a fact! among the stable coins ount there and to name are $DAI, $PAX, $GUSD, $TUSD, $USDC and TEHTER which would you like to choose? only tether has no audited backing among them..

i would reject tether and choose the first  five of the stablecoin list, and diversify my portfolio among the five which has the backing of dollar audited, unlike tether, though im not a fan of coin pegged to dollar but that 5 list is legit for me

Tether is already on the verge of collapsing. New exchanges are rejecting it, there are various other options that are more legit than tether, auditing is a problem with tether, investors and traders who use it to hedge already lost the trust, and in that case, I believe there is nothing left for tether and it is just a scam that would end up imploding pretty soon and we will all see it happen eventually unless may be the team are able to gain that trust back but for now, I feel they have gotten so greedy to some extent that they have done shady things with tether they are now trying to cover up.

Although I did not read too much information about tether but I still felt it came very close to collapse because a lot of bad news about them is published, even a person who does not care about news like me, I can still know the bad news. It means their prestige has fallen dramatically, market capitalization also encountered many problems, competitors are trying to encroach on tether land, with such a situation, it probably can not continue to exist

guys, actually. Today, the entire cryptocurrency market is in a fever and all the coins are in very poor condition. But in this situation we are talking about problems with the cryptocurrency equivalent of the USDT dollar. I think that this coin reduced the risks of a falling market for many cryptocurrency users who sold coins for USDT to wait out bad times.

For now we will just have to watch over TETHER price. I guess the best option left is not to hold  TETHER, instead use the alternate stable coins. That way we can really secure our funds not to go down. If the news was FUD, then it will eventually be forgotten and people will again start using TETHER maybe after 2-3 months.

holding a tether can be a security because tether now has a stable price. maybe we can see the price of tether does not experience a significant decrease or increase, but believe me tether will still be the best.

[wndrbr3d]

If you afraid of this, you can use other stable coins: Gemini dollar (USDG), TrueUSD (TUSD) for example.
Fortunately, more and more popular exchanges list them and we now can choose which one to use.

[desfira]

Tether and other stable coin in cryptocurrency have been the lifeline for many investors and market for stability. Cryptocurrency fiat is good for the market and I don't see issues with tether,  they only need to sort out the dollar backing issue!

right bro, but if for me I am more pleased with the challenges and risks, at an unstable price, then we have a very big chance to make a profit.
because the movement is quite fast

[opv321]

I  think Tether is earmarked to fail. Thankfully we have seen a number of other stable coins come to market which should insulate some the collapse of Tether in the future.

[desfira]

I do not trust Tether and wait for others to change their opinion about him! It is time to think again and understand that this project will not lead anywhere. I will be glad when the main exchanges clean it.

indeed the exchange is the main purpose of trading assets by investors.
without an exchange, investors will be harmed, because the items they buy do not function properly.
so the exchange must be used

[Hueristic]

https://archive.fo/C44kh

[aeternus]

I think this completely depends on the fact if it's really 100% backed 1:1 by USD or if they were lying.
However it seems there are already many alternatives.

The audit showed that everything is fine - and I personally hope it is. The problem is that no one has checked the credibility of the auditing company.
If it turned out that Tether does not have coverage, it would be a disaster that would could trigger a crisis for the entire cryptocurrency market for many years.

If it was in fact proven that not every USDT is backed by a dollar then this could create a crisis similar to what happened to MT GOX and the crash that it brought to cryptocurrencies and it is likely it will be a blow that will take years for the market to recover and this is even more problematic if we consider the price of bitcoin crashed already so we could see prices way lower than what we are seeing now.