will tether collapse?

[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

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[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