DO NOT TRUST TO TETHER

[alexey14]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

[1715534469]

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[bigcash2011]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

You do have a valid point and it is arguable but uptill now according to the sources and tether officials company is safe and they have validated everything to regulators after which they have been cleared to do business. If banks will close doors for stablecoins then it will effect all fiat backed coins so i suggest to stop this propaganda against tether only please.

[GreatArkansas]

Well, for the others who still don't know other alternatives for Tether, we already lot of them, stable coins.
It's kinda difficult for Tether now since Tether is the highest market cap among other stable coins, but still, we can use some stable coin except Tether.
We have, USDC, DAI stable coin, PAX, TrueUSD, any more?
It's kinda difficult now to switch since as what I told, Tether is the highest market cap among other stable coins.

[mk4]

I have been advocating for the non-usage of stablecoins in general(probably besides when you're daytrading) for a while now. A lot of people are so unaware of the risks they're taking when holding most stablecoins.

Topic: PSA: Most Stablecoins Can Be Frozen, Even When in Your Own Wallets https://bitcointalk.org/index.php?topic=5204055

[joniboini]

We have, USDC, DAI stable coin, PAX, TrueUSD, any more?

Dozens of exchanges like Binance have already created their own stable coin too. They likely want to get the portion of the money, where they can fully control the supply of such tokens with little to no transparency. I'm not surprised if they start being as shady as Tether in this regard.

[notblox1]

Only thing that everyone is waiting is when will Tether explode.
When real auditors finally check them, that will also have bad effect on all crypto markets, as everyone is using Tether for washtrading.
I also don't like freezing of my money and coins, and that is what I get with USDT.

[o_e_l_e_o]

Tether is absolutely a scam.

They claimed they were backed up 1-to-1 with USD which was proven to be a lie. Then they claimed they were backed up 1-to-1 with a "cash-like assets" which was also proven to be a lie. Now we know that a small fraction of USDT is backed up with a variety of assets, including other cryptocurrencies and future interest payments on loans they have given out, including the $850 billion loan they gave to themselves to stop themselves from going bankrupt. If you want to use a coin that is backed up by an insolvent company paying interest to itself, then you have no one to blame but yourself when it all comes crashing down.

In the last 3 months, $4.5 billion USDT has been printed out of thin air, with zero audits or proof of funds. Tether is the money printer of cryptocurrency. If you want to trade bitcoin back and forth between fiat, then it is far safer to just trade to actual fiat than it is to use this scam coin.

[thesmallgod]

Tether is a centralized coin and from what I've read, it is being minted by some exchange such as bitfinex. It is already facing many legal issues and what the future holds for the coin is not certain. While it is used to mitigate the level of risk in trading, it is very risky to keep holding tether for a long period of time.

[GreatArkansas]

Tether is a centralized coin and from what I've read, it is being minted by some exchange such as bitfinex. It is already facing many legal issues and what the future holds for the coin is not certain.
(...)

Yet Tether still the highest market cap stable coin. I don't think why.
For me, it does not matter since I only using Tether on some exchange while I am doing trading like if I am trading Bitcoin in some exchange and I want to do a BTC/USD pair trade, that's the only time I am using Tether. But I think there are some people who always using Tether like buying using fiat or converting their Bitcoin to fiat like they will convert first their Bitcoins or other cryptocurrencies to Tether and convert it to fiat.

[NeuroticFish]

Tether never had a proper audit. This is a big problem. Their financial gimmicks are another big problem.
I fail to understand how can so many people trust them just like that, when we see so many (other) scams.

[o_e_l_e_o]

Yet Tether still the highest market cap stable coin.

It only has the highest market cap because iFinex print it at will, without paying any attention whatsoever to the reserves they claim to hold, a statement which has been proven repeatedly to be false. Having a large market cap says nothing about its stability, reliability, or trustworthiness.

For me, it does not matter since I only using Tether on some exchange while I am doing trading like if I am trading Bitcoin in some exchange and I want to do a BTC/USD pair trade, that's the only time I am using Tether.

Even if you are never withdrawing or transferring USDT, you are still at risk by using it. We know it isn't backed up as they claim, so the 1-to-1 peg is essentially a collective agreement between all users who are using Tether. At any point, one of the court proceedings against them could demand an independent audit or some government agency could start investigating them for money laundering, money printing, general scamming, etc. Suddenly, a sizeable chunk of users lose faith and the 1-to-1 peg is no more. Hell, at any point something as simple as too many people trying to redeem their Tether for USD could result in the same thing, essentially a bank run on Tether. As long as you hold Tether in any account or wallet, you are exposed to the risk of collapse.

[electronicash]

how come they are not seize by the government if they are not obvious of a scam?
its fascinating how big the scam is that most traders willingly hold the usdt when the markets crashes.  i myself hold this token for long time thinking its safe though. i've sent it back to the exchange and cashout to my bank account eventually. did US government failed to monitor them?

[Timmzzy]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

I believe you are to say Money laundering
Please do well to check your sentence so not to cause some confusion to forum user who ain't good in catching up words quickly.

Money Landing is a good Excuse for Central Bank to freeze tether money account.

[ScamViruS]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

Tether seems like a complete scam to me. If you watch Tether's current activities, you will understand how they are printing USDT as they wish, entering the market and manipulating the market. Seeing Tether's activities, almost all the exchanges (including Binance) are getting interested in creating their own stablecoin. This system makes them to take their volume to their own stablcoin. The main reason is that they want to use this scam to earn as much as they want. Because there is no transparency here. There is no one to catch them, no one can stop their  this scam show.

[gentlemand]

Money Landing is a good Excuse for Central Bank to freeze tether money account.

I doubt any bank holding the funds knows that it's related to Tether. The only way they will is if someone who works for them is forced to point out which account has it.

Tether have played it masterfully.

They have removed the need for them to redeem for dollars, that's your problem and you'll have to find another private individual willing to do it, and they've also offloaded the risk onto other exchanges. The exchanges can't afford to let it fail either and several have publicly stated they'll back the peg no matter what.

I don't believe they're a scam. I don't believe it's money out of thin air. I do believe this would be a healthier space without it. 

[sheenshane]

I think most people above agreed that USDT is a scam(same on me as well), but why there are traders still holding in it and used to trade in any exchange where USDT is accepted. So, how long traders still using this stable coin if this is scam and when those exchange delisted this coin if this scam?
Probably nobody can say they weren't warned.

For me, don't hold USDT as your asset in long term purpose, use this when you are trading only.

[layoutph]

I dont think USDT can be shutdown by government because its running on blockchain. They need to shutdown all miners first. For security reason we can just HODL our coins without hedging anything to stable coins.

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

[Twentyonepaylots]

I have been advocating for the non-usage of stablecoins in general(probably besides when you're daytrading) for a while now. A lot of people are so unaware of the risks they're taking when holding most stablecoins.

Topic: PSA: Most Stablecoins Can Be Frozen, Even When in Your Own Wallets https://bitcointalk.org/index.php?topic=5204055

I didn't know that they can freeze your tether in whatever wallet it is, I have been using tether for a long time every time I trade if I want to trade later or just saving my time to watch for the market before converting it to bitcoin. I've seen some people calling it a scam yet it does not trigger any thing, but who the hell would hold tether tho? If this is a literal scam, an obvious one then why it is still running ?

So if you guys have tether in your account, better to switch it immediately, don't be it in your bed.

[mk4]

I didn't know that they can freeze your tether in whatever wallet it is, I have been using tether for a long time every time I trade if I want to trade later or just saving my time to watch for the market before converting it to bitcoin. I've seen some people calling it a scam yet it does not trigger any thing, but who the hell would hold tether tho? If this is a literal scam, an obvious one then why it is still running ?

So if you guys have tether in your account, better to switch it immediately, don't be it in your bed.

People will argue the same way they make an excuse on why they leave funds on exchanges. "Why should I withdraw my funds? Binance/Coinbase/whatever is secure anyway". The same way with tether and most stablecoins. They will learn the hard way.

[o_e_l_e_o]

I doubt any bank holding the funds knows that it's related to Tether.

Tether use an unheard of bank by the name of Deltec, which is conveniently located in the tax haven and generally sparsely regulated Bahamas.

The only communication from this bank regarding Tether is the following letter dated around 2 years ago, which could have been written by a child, has an illegible signature and no name, and suspiciously talks about the "cash value" rather than the actual amount of money:

https://tether.to/wp-content/uploads/2018/11/Tether-Letter.pdf

I dont think USDT can be shutdown by government because its running on blockchain.

They might not be able to shutdown down USDT (the token), but they can definitely shut down Tether (the company), or Bitfinex/iFinex (the parent company). Doing so would cause thousands of USDT holders to immediately sell, which would cause a bank run and the value of USDT would plummet, since it isn't actually backed up 1-to-1 at all.

If you are looking for a trading pair with bitcoin, I don't have much faith in any stablecoin, but Tether is the worst of them all. Much preferable to just trade to actual fiat if you can.

[FanEagle]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

I have told this to people countless times but they ignore me. Tether is run by a company, company that is run by people. I do not like it when things are centralized like this and I have been involved with crypto for more than 7 years now, I have seen plenty of high level stuff becoming a scam by saying "we got hacked", they always get away with it by saying "we got hacked" it has been the defense of every single exit scam in the entire crypto history.

Of course that means if Tether decides that they "got hacked" one day, they will be capable of running away with billions of dollars and there is really not much we can do about it. Which is why as long as it is centralized I will not trust any stablecoin ever, not just tether but no other stablecoin neither since none of them are ever decentralized.

[MCobian]

I think the same thing that Tether cannot be 100% trusted, because there is a great power controlling it. Especially this tether
are very prone to scams occur, with very large volumes not a safe guarantee. Like banks in the real world, tether can also fall
suddenly one day. In conclusion, tether should be used only for pairing trading, not to make storage. Something that is centralized
very prone to scams, therefore I believe in bitcoin more because it has been proven decentralized.

[BitcoinTurk]

I have already stated my various thoughts about Tether in both Turkish and global topics and emphasized that it is definitely not a reliable cryptocurrency. Here again, I would like to say that although Tether is reaching more trading volume every day, it is definitely not a reliable cryptocurrency and Tether is the most important factor in many global investors' reasons for not relying on the cryptocurrency markets.
In addition to these thoughts, I would like to add a translation of the message I wrote about Tether in Turkish here;
'' Although the USDT (Tether) is getting stronger day by day, I think that it will lose its dominance in the market someday because many investors do not trust this project even if they are using USDT (Tether). Besides, even though there is no money supply in the market, I do not believe that there is a reserve of $ 10 million. This project, which has already created serious confidence problems in the reserve, will dominate the market for a while, but unfortunately, my expectation is that this dominance will not continue. In addition, it should not be forgotten that to comment today, USDT (Tether) has become the leader of the crypto money markets in terms of transaction volume. ''

[mersal]

Monopoly on centralized crypto currencies is happening in the form form continuous tether printing, this is really bad in long term that is why people are advising about holding tether on you wallet, since it is not supposed to be a coin for holding and we are losing portfolio value by holding the stable coins.

[Becky666]

Most of my coins are not in tether because of their reputation in cryptocurrency industry, the government could easily have their ways to crumble them within some few minutes. Personally, I won't advise anyone to hold their portfolios in tether because the government are not involved in this coin existence, so, they could easily get the coin off it track. I for one don't trust tether for a bit and won't do likewise to other stablecoins.

[Sebas.tian]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

You're right mate, the government will do such in a short time base in their nature of approach to cryptocurrency. They have attempted to can Bitcoin and wasn't able, so, they are likely to attack this stablecoin. We all know that, the dollars belonged to the United States government and they can act to it. Keep your coins far from this coin if you want to be safe while holding your portfolios. The Central Banks won't take it easy on these coins when time come, any action taken right now will save your actions against the bad days to come.

[7788bitcoin]

Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

It is a known fact that the team is not that transparent with the holdings and hope you meant money laundering and it is possible that it could happen and if the authorities start to freeze their assets then the fall will be not that great as the entire market will come down along with it. I am using tether for short term holding of funds while trading but i wont trust them to hold for a longer period.

[serjent05]

I dont think USDT can be shutdown by government because its running on blockchain.

They might not be able to shutdown down USDT (the token), but they can definitely shut down Tether (the company), or Bitfinex/iFinex (the parent company). Doing so would cause thousands of USDT holders to immediately sell, which would cause a bank run and the value of USDT would plummet, since it isn't actually backed up 1-to-1 at all.

If you are looking for a trading pair with bitcoin, I don't have much faith in any stablecoin, but Tether is the worst of them all. Much preferable to just trade to actual fiat if you can.

Not only holders will sell but rather it will cause the tether community into disarray.  We have seen an example of this kind of event when the lead developer/CEO  of the Centra Project was put to jail, the whole market collapse, and the token become worthless.  The same thing will happen to Tether if that happens.

I would do the same and not trust all stablecoins since they have no difference.  I would rather trade in actual fiat at least I am sure that I am holding the one that has "real" value.

[mk4]

If you are looking for a trading pair with bitcoin, I don't have much faith in any stablecoin, but Tether is the worst of them all. Much preferable to just trade to actual fiat if you can.

Unfortunately Tether has the most liquidity in exchanges, significantly higher liquidity compared to even real USD trading pairs so most traders would be geared towards it by default.

I'm personally fine with trading Tether though, but one thing's for sure, I wouldn't damn to hold that crap for more than 24 hours.

[meanwords]

Most of my coins are not in tether because of their reputation in cryptocurrency industry, the government could easily have their ways to crumble them within some few minutes. Personally, I won't advise anyone to hold their portfolios in tether because the government are not involved in this coin existence, so, they could easily get the coin off it track. I for one don't trust tether for a bit and won't do likewise to other stablecoins.

I don't get why people hold tether anyway. It's not like it's going to moon like other cryptocurrency. At this point, it's better holding real fiats than holding tether. I personally only use it to be the medium of exchange for other cryptocurrency because of its volume and liquidity but that's it. The first thing I saw when I googled "Reason to hold tether (USDT) are reasons to discard it.

[Sourhearrt]

DAI stablecoin is the best stable coin, can't be freeze or reclaim and also it's fully decentralized but USDT has the highest marketcap but still I'd prefer DAI of I'm planning to hold stablecoin for a long time

[andra73]

I don't get why people hold tether anyway. It's not like it's going to moon like other cryptocurrency. At this point, it's better holding real fiats than holding tether. I personally only use it to be the medium of exchange for other cryptocurrency because of its volume and liquidity but that's it. The first thing I saw when I googled "Reason to hold tether (USDT) are reasons to discard it.

seems different in certain situations. I hold Fiat for every trade that I start every day. it's safer than storing altcoin which can lose its value at any time. the list of exchanges is very much. we can choose to convert them to any asset. almost all exchanges have it. this is not a matter of profit nominally, but we can see a better function.

[mk4]

DAI stablecoin is the best stable coin, can't be freeze or reclaim and also it's fully decentralized but USDT has the highest marketcap but still I'd prefer DAI of I'm planning to hold stablecoin for a long time

Though while at least DAI is unconfiscatable(at least for now), it's no way fully decentralized. I mean, the MarkerDAO project has a centralized team of developers. The team still solely makes the decisions. And not to mention that the stablecoin could potentially be debased by huge black swan events. Their sort of "loan-backed" system definitely also has it's problems.

[bukham88]

in the world of cryptocurrency investment, there is no safe, because the rise and fall of coin prices are determined by market demand, so if there is a lot of market demand then the price will be relatively stable and continue to increase.

[michellee]

in the world of cryptocurrency investment, there is no safe, because the rise and fall of coin prices are determined by market demand, so if there is a lot of market demand then the price will be relatively stable and continue to increase.

That is right. As long as we know how to minimize the risk and prevent big risk, I think that will be fine for us. And if you don't trust Tether, you don't have to use Tether because there are many stable coins you can select. But remember, every stable coin will have advantages and disadvantages, so you need to search for yourself.

[slashz9]

I have been advocating for the non-usage of stablecoins in general(probably besides when you're daytrading) for a while now. A lot of people are so unaware of the risks they're taking when holding most stablecoins.

Topic: PSA: Most Stablecoins Can Be Frozen, Even When in Your Own Wallets https://bitcointalk.org/index.php?topic=5204055

but in fact people still use it because some people do daily trading and will exchange to stable coins if you are waiting to buy, come on you have to take risks if you want to cross the river.

[Google+]

in the world of cryptocurrency investment, there is no safe, because the rise and fall of coin prices are determined by market demand, so if there is a lot of market demand then the price will be relatively stable and continue to increase.

That is right. As long as we know how to minimize the risk and prevent big risk, I think that will be fine for us. And if you don't trust Tether, you don't have to use Tether because there are many stable coins you can select. But remember, every stable coin will have advantages and disadvantages, so you need to search for yourself.

well indeed there are still other pairs of trading but when using usdt can be used to make transactions throughout the world with very cheap and fast costs even some local exchange places are available usdt pairs so in my opinion there is no harm when using usdt for trading and transactions it's just still be vigilant because everything has its own risks.

[riso2015]

but in fact people still use it because some people do daily trading and will exchange to stable coins if you are waiting to buy, come on you have to take risks if you want to cross the river.

True, many traders use stable coins only for daily trading, I personally still often use Tether when trading. And I think that's okay. Stable coins like Tether often used to maintain the value of assets, some people don't like to take risks with volatility Crypto prices so they choose stable coins.

[so98nn]

I have been advocating for the non-usage of stablecoins in general(probably besides when you're daytrading) for a while now. A lot of people are so unaware of the risks they're taking when holding most stablecoins.

Topic: PSA: Most Stablecoins Can Be Frozen, Even When in Your Own Wallets https://bitcointalk.org/index.php?topic=5204055

This could be really disturbing for those who are not aware of the fact that these coins can be frozen at anytime.

This literally means that it has backdoor control over the funds that are in your wallet. Meaning they are kind of centralised one and legally can seize your money if they wish to. Due to the fact that stablecoins are backed up with US dollar they are having little legal backbone.

Even articles says that they can wipe out the frozen wallet completely thus diminishing all the proofs you had, like you were holding xyz amount in your stablecoin.

Considering such ability its one of the terrifying fact that one should be very much careful while investing and rather holding in the form of stablecoin.

[bitbollo]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

Absolutely agree with you. But I want add more since there is not the problem with "Central Banks" but also with their Terms of Service (TOS).
I mean using a service that has a TOS it's very risky.
Likewise I have serious difficulty to accept some sentences like:
https://tether.to/legal/

The Site may suspend or terminate the Services to you, your Digital Tokens Wallet, or to any of your Digital Tokens Address at its sole discretion, as required by applicable Laws or where Tether determines that you have violated, breached, or acted inconsistent with any of these Terms of Service.

You acknowledge that Tether may delay or suspend redemption under various circumstances, including but not limited to, in the event that Tether determines that you have engaged in a Prohibited Use (as defined in paragraph ; when Tether is directed to do so by any Government; if your Digital Tokens Wallet or other account or wallet is subject to pending litigation, investigation, or Government proceedings; or when Tether believes that someone is attempting to gain unauthorized access to your Digital Tokens Wallet or other account or wallet.

have more than one account and more than one Digital Tokens Wallet on the Site, or use any Digital Tokens Wallet on a one-time, ‘throwaway’ basis; any such additional Digital Tokens Wallets or one time ‘throwaway’ Digital Tokens Wallet may be terminated or suspended at the absolute discretion of Tether;

violate, cause a violation of, or conspire or attempt to violate these Terms of Service or applicable Laws.
Any use, whether actual or suspected, as described in this paragraph shall constitute a “Prohibited Use”. If Tether determines that you have engaged in any Prohibited Use, Tether may address such Prohibited Use through an appropriate sanction, in its sole and absolute discretion. Such sanction may include, but is not limited to, making a report to any Government, law enforcement, or other authorities, without providing any notice of you about any such report; confiscation of any Fiat, funds, property, proceeds, or Digital Tokens in any Digital Tokens Wallet that you have on the Site; and, suspending or terminating your access to any Services or Fiat, funds, property, or Digital Tokens from any Digital Tokens Address. Tether may, at its sole and absolute discretion, seize and deliver your property to any applicable Government, law enforcement, or other authorities where circumstances warrant. In addition, should your actions or inaction result in the imposition of economic costs to Tether, you shall pay an amount to Tether so as to render Tether whole, including without limitation, the amount of taxes or penalties that might be imposed on Tether.

Tether reserves the right to refuse registration to, to bar transactions from or to, or to suspend or terminate the administration of Services, Digital Tokens Address, or Digital Tokens Wallet for or with, any user for any reason (or for no reason) at any time, including but not limited to the provisions of paragraphs 8 and 11, subject to any limitations imposed by applicable Laws.
....
In lieu of refusing registration or ongoing administration of your Digital Tokens Wallet, Tether may perform enhanced due diligence procedures. At all times, you may be subject to enhanced due diligence procedures in your use of the Site and any Service. If you decline to provide requested due diligence information or otherwise do not reply timely or substantively with the documentation or data requested, the Site has the absolute discretion to suspend or terminate Services to you immediately.

I mean every tether user has already read their LEGAL Section? There are too many restrictions. We are using bitcoin just to "bypass" all of these kind of stuffs. It's sound a bit crazy for me accept some conditions (at their sole discretion) for using MY MONEY!

[mindrust]

It blows mind everyday seeing people that act like tether doesn't even exist.

They printed exactly 6 billion USD since the beginning of this year. More than their entire  2019 market-cap.

You would say; what if people really demand more tethers and finex have no other choice but print more?

I would say; do you see that demand? Do you feel it? Does this year even feel better than 2019 in terms of adoption? Especially after covid-19 happened?

No.



It is a ticking bomb waiting to explode. When that happens some heads gonna roll.

[mk4]

but in fact people still use it because some people do daily trading and will exchange to stable coins if you are waiting to buy, come on you have to take risks if you want to cross the river.

Sure. I'm not stopping anyone if they want to use Tether, as Tether is the most liquid stablecoin we have right now, which can be advantageous for trading. It's just that most people don't actually know that these companies can lock up the stablecoins even on your own non-custodial wallet. That is the problem.

[davidroux]

but in fact people still use it because some people do daily trading and will exchange to stable coins if you are waiting to buy, come on you have to take risks if you want to cross the river.

True, many traders use stable coins only for daily trading, I personally still often use Tether when trading. And I think that's okay. Stable coins like Tether often used to maintain the value of assets, some people don't like to take risks with volatility Crypto prices so they choose stable coins.

Up to now, there have not been any problems with me using Tether because USDT is generally considered to be fiat in this market. I think if you buy or sell any coin, you will convert to USDT to know exactly your current profit. I don't understand why so many people condemn this stable coin, but I'm sure USDT will always be stable at $1.

[bitbollo]

but in fact people still use it because some people do daily trading and will exchange to stable coins if you are waiting to buy, come on you have to take risks if you want to cross the river.

True, many traders use stable coins only for daily trading, I personally still often use Tether when trading. And I think that's okay. Stable coins like Tether often used to maintain the value of assets, some people don't like to take risks with volatility Crypto prices so they choose stable coins.

Up to now, there have not been any problems with me using Tether because USDT is generally considered to be fiat in this market. I think if you buy or sell any coin, you will convert to USDT to know exactly your current profit. I don't understand why so many people condemn this stable coin, but I'm sure USDT will always be stable at $1.

Have you ever read their Legal sections with all subtle meaning that involve using their service?
I mean when you use bitcoin you're accepting "mathematical" rules.
With tether you're using a service with all legal aspect linked to that.
I suggest every time to take a look about their condition of usage, here I made some example.
https://bitcointalk.org/index.php?topic=5258508.msg54702459#msg54702459
I don't trust a service that can seize my money at their solely discretion or because I have make a deal "with a suspect". In case of issue, I should make a lawsuit? It will worth?

[brightemo]

FUD like this is harming the industry. Without tether it will collapse. Do you know about it volume?

[slashz9]

but in fact people still use it because some people do daily trading and will exchange to stable coins if you are waiting to buy, come on you have to take risks if you want to cross the river.

Sure. I'm not stopping anyone if they want to use Tether, as Tether is the most liquid stablecoin we have right now, which can be advantageous for trading. It's just that most people don't actually know that these companies can lock up the stablecoins even on your own non-custodial wallet. That is the problem.

Will they do it after gathering reputation and trust all this time? ok we assume they did it and tether no longer believed, whether it will make stable points no longer in demand, I don't think so.
people will still make transactions using stable coins because this cycle will continue to spin.

knowing or not knowing I don't think it will make much difference.

[minairia3]

Its not I trust them but having the option to be so liquid is the best part for usdt. I know the company hold our stablecoin and anytime they can do it but how big is the chance this is happening anytime sooner? If there's a trusted stablecoin maybe this is tether. Once they collapsed, Im not sure if the market would be able to withstand the damge it will inflict.

[trauchot]

Everyone has their own opinion and maybe you are right in something, so we should always think before making investments or just to keep our money in cryptocurrencies such as Tether, but I constantly change Tether to other cryptocurrencies and back from various cryptocurrencies back to Tether and I hope that in the future everything will be fine with Tether.

[Gunday_07]

Tether stable coin is centralized if that's what you mean by not been safe well you may be right, the best stablecoin that one can hold for long should be decentralized like DAI but the fact is even dex projects can turn scam any time, it's still risky than even holding bitcoin.

[Reid]

Bullseye.

A good reason for it to be shutdown.
There is an incentive for that coin.
Use it as much as you can in trading to make profits but never stay with that coin for a long time.
Try as much as possible to buy another coin back, just not with Tether.
Anytime there is a chance of explosion. 

[mk4]

FUD like this is harming the industry. Without tether it will collapse. Do you know about it volume?

FUD? LOL. Read around the web. It doesn't take much Google searches to land upon dozens and dozens of articles about Tether's shadiness. Also, Tether have higher volume doesn't make it any better. In fact, it makes it worse that people are actually trusting this stablecoin.

Will they do it after gathering reputation and trust all this time? ok we assume they did it and tether no longer believed, whether it will make stable points no longer in demand, I don't think so.
people will still make transactions using stable coins because this cycle will continue to spin.

knowing or not knowing I don't think it will make much difference.

Tether being centralized and the concept of stablecoins isn't the problem here. Tether's shadiness is the problem. There's a reason why the people are calling out Tether specifically and not other stablecoins like USDC/TUSD/etc.

[IamAltcoinfan]

From 2018 i am listening the same in the fear of that i didnt convert my holding to Tether because of Taxation problem i dint convert into fiat currency . Finally i lost most of my holdings but there is other alternative for stable currency Binance USD , DAI . Even more but still i am converting my holding in USDT as if now it is the best option.

[wiggi]

Have you ever read their Legal sections with all subtle meaning that involve using their service?
I mean when you use bitcoin you're accepting "mathematical" rules.
With tether you're using a service with all legal aspect linked to that.
I suggest every time to take a look about their condition of usage, here I made some example.
https://bitcointalk.org/index.php?topic=5258508.msg54702459#msg54702459
I don't trust a service that can seize my money at their solely discretion or because I have make a deal "with a suspect". In case of issue, I should make a lawsuit? It will worth?

In practice they can refuse to do business with you, but can't freeze tokens on ether or bitcoin/omni blockchain.
If you own the privkey, you can trade the token on any exchange.

Actually they can freeze individual USDT through a hardfork of the underlying coin or protocol. Omni made a hardfork once when 30 million Tethers got stolen,
that's where the "Quarantined USDT" on their transparency page come from. But it's not a threat to the average user.

[LbtalkL]

In previous days and month, I keep getting alert from @whale_alert on twitter that another USDT is being minted like $20 million or more, that is a huge amount of money. I have a conversation with fellow crypto enthusiasts, we are talking about USDT. He says they cannot mint unless they have deposited dollar somewhere. The question is do they really have deposited millions of dollars in a particular bank? So, that is what makes USDT suspicious but still, it is the most popular stablecoin.

[0verseer]

Well, from my reception, not many people willing to trust Tether or any stable coin thing as we understand how they keep "minting" over time. I think soon or later, Banking will have to accept cryptocurrencies and from there, the trust for Tether would change in a positive way.

[ameliana]

Honestly, I only believe in BTC, as we know that in the cryptoqurrency industry offering thousands of new coins or altcoins, as investors we must be wiser before investing here. related to USDT I think it's better to use it only for necessity, stable coins have a fixed price and are better suited for trading.

[Synerggy]

Everyone is scared of centralization in crypto space but every where I turn to in crypto space centralized projects are doing better, for  example the best exchanges in crypto space are centralized exchanges, dex aren't even close. Usdt is centralized, accepted but its well supported and most used than DEX stablecoin projects, I have no issue with USDT, it's my favorite and I tend to keep it that way

[bitgolden]

Eventually there will be a moment when tether can't sustain of selling all the tether they are printing out and won't be able to sell it to the market prices and just get money back, but they will be failing at repaying people who want to cash out as well, so that means they will agree that they are a fake company that doesn't have the money they claim they do.

All of this will cause a 10 billion dollar drop in the market, it is going to create so much shock that everything will fall, not just alts or tether but bitcoin as well. This is why I have kept saying that XRP and Tether are two companies who will cause crypto markets to be destroyed one day. Of course, we will rebuild it better but as long as companies make profits from the gullible people in the market, the risk will continue and it will become bigger as well.

[suzanne5223]

FUD like this is harming the industry. Without tether it will collapse. Do you know about it volume?

This is totally not a FUD because Tether never provided a genuine audit showing their reserve funds and what they provided is digits without any evidence. However, i dont see any reason why this will harm crypto industry because Tether is not the only trading pair stablecoin will have in the market.

[posi]

Everyone is scared of centralization in crypto space but every where I turn to in crypto space centralized projects are doing better, for  example the best exchanges in crypto space are centralized exchanges, dex aren't even close.

The last time i checked centralized project never flourish than decentralized project and the best exchanges you used as an example operate in semi centralize way.

Usdt is centralized, accepted but its well supported and most used than DEX stablecoin projects, I have no issue with USDT, it's my favorite and I tend to keep it that way

Tether was supported the most supported years ago before their scam activities was exposed by the NYC Attorney and despite that no proper audit was done, so i dont see any reason for genuine crypto enthusiast should see it as a favorite stablecoin cause nothing will stop them from scamming people as before and i hope you wont blame yourself in the future if you still intent hold it.

[StephenJH]

Why do you think that TETHER is not reliable? l don't agree with your opinion on that, your opinion is not enough to say that Tether is unbelievable or we must not trust to TETHER. l don't deny these facts that Tether has a lot of disadvantages like this coin is just centralized. But no doubt there are just some people hold this coin.

[Mr.Zero]

how about other Stablecoin, tether are audited by regulator and managed by big company, i don't think you're argue is valid

[htsy585]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

I think tether isn't facing any threat now and going by there recent updates, they are very much still in game.  I think the only turn down to the usage of tether is the fact that regulators can set an unfavourable rules against them but that's a threat being face by every stablecoins out there so you topic would have been more appealing if at all it was focused on all the stablecoins instead of just tether 

[kawetsriyanto]

how about other Stablecoin, tether are audited by regulator and managed by big company, i don't think you're argue is valid

For analysis of other stablecoins, you can see the information from @mk4's thread here: Most Stablecoins Can Be Frozen, Even When in Your Own Wallets. I think @mk4's thread described them very clearly and he also explained it with proofs. Anyway, OP has stated that he didn't try to blame Tether developers but he just worried that Tether can be manipulated by Central bank mafia. Please, read again on OP above!!

[bitkanu]

how about other Stablecoin, tether are audited by regulator and managed by big company, i don't think you're argue is valid

Some people may not believe it again after tether has stated if they were not fully backed by the dollars. I know even some people were accusing this has a backdoor to frozen the user's amount.
This is more than a year i have been using tether and so far i never encounter any problem even i leave it on my cold wallet.

[michellee]

how about other Stablecoin, tether are audited by regulator and managed by big company, i don't think you're argue is valid

Some people may not believe it again after tether has stated if they were not fully backed by the dollars. I know even some people were accusing this has a backdoor to frozen the user's amount.
This is more than a year i have been using tether and so far i never encounter any problem even i leave it on my cold wallet.

People can do as you do, and I think that can save the value of the money in the crypto. With the volatility of the crypto price itself, Tether can be a way for us to keep the amount of money that we have, while we can directly buy any coins at the market, especially if we can see the price drops too deep. Maybe people don't like to hold Tether for a while because they can not make a nice profit, but Tether itself can save them from the dump for the coin.

[Swordsoffreedom]

Tether gave their words that they will be backed by USD, but what's their current situations now? what is their peg price? USDT is failed to keep their words and not 100% backed by actual dollars. For this reason, I do not like USDT, but I don't think the USDT market will be collapsed, cause it has huge users and market capitalizations is stronger too.

[dragon695]

Tether gave their words that they will be backed by USD, but what's their current situations now? what is their peg price? USDT is failed to keep their words and not 100% backed by actual dollars. For this reason, I do not like USDT, but I don't think the USDT market will be collapsed, cause it has huge users and market capitalizations is stronger too.

Same thought! I don't think either USDT or Tether is backed by real fiat money (USD) 100%. Despite the stability of USDT and Tether, they're vulnerable to be manipulated by the global economy. The proof is that when the pandemic comes, the global economy is extremely affected and collapsed. That leads to the decreasing value of USDT and Tether.

[chip1994]

Tether is becoming more and more valuable as it is heavily printed in the market for manipulation and this will likely cause the USDT's value to decline due to inflation. Besides, USDT seems to be printing unconsciously. Money is always printed every day and there is no evidence that USD has been deposited into Tether's fund. I suspect that USDT was created by whales and they are willing to manipulate value and quantity to easily manipulate the whole market. What do you think guys?

[big kid]

Tether is becoming more and more valuable as it is heavily printed in the market for manipulation and this will likely cause the USDT's value to decline due to inflation. Besides, USDT seems to be printing unconsciously. Money is always printed every day and there is no evidence that USD has been deposited into Tether's fund. I suspect that USDT was created by whales and they are willing to manipulate value and quantity to easily manipulate the whole market. What do you think guys?

I think your theory is believable and probably has some real evidence to it, however we can't be 100% sure until they'll get busted.
I'm pretty sure there are a lot of people who watches after tether's every move and their partners' too, so its only a matter of time when they'll get busted IF they were cheating in the first place

[kotajikikox]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

you have a good point and this can be done also by inside job because there are large Money inside tether now and this can be a good target.

Lucky for me that i really don't like a stable currency thats why there is no chance of me investing in tether even n future.

how about other Stablecoin, tether are audited by regulator and managed by big company, i don't think you're argue is valid

actually Op is only giving us warning,yeah why not this can be happen in other stable coin in future?nothing of us certain about everything until it happen.

[leea-1334]

Why do you think that TETHER is not reliable? l don't agree with your opinion on that, your opinion is not enough to say that Tether is unbelievable or we must not trust to TETHER. l don't deny these facts that Tether has a lot of disadvantages like this coin is just centralized. But no doubt there are just some people hold this coin.

A coin being highly and extremely centralized IS a huge risk and disadvantage though. Yes to be fair,,, most altcoins are centralized but at least they have efforts to slowly decentralize with more and more nodes being added, less and less governance being in the hands of the few but with Tether, you have absolute centralization with almost no transparency.

[hulla]

its well supported and most used than DEX stablecoin projects, I have no issue with USDT, it's my favorite and I tend to keep it that way

Only the crypto currency exchange site supported the coin, it not even all exchange sites and you can hardly see a personal wallet holding the coin.

Why do you think that TETHER is not reliable? l don't agree with your opinion on that, your opinion is not enough to say that Tether is unbelievable or we must not trust to TETHER. l don't deny these facts that Tether has a lot of disadvantages like this coin is just centralized. But no doubt there are just some people hold this coin.

A coin being highly and extremely centralized IS a huge risk and disadvantage though. Yes to be fair,,, most altcoins are centralized but at least they have efforts to slowly decentralize with more and more nodes being added, less and less governance being in the hands of the few but with Tether, you have absolute centralization with almost no transparency.

The funny aspect is that they claimed to be transparency where as it just a hype to tease newbies and inexperienced crypto investors.

[Sebas.tian]

Tether may not look legitimate to many forum members but for the sake of helping in time of volatility should be applause. Many would have Loo's their portfolios but with the help of tether things are not bad with them. Some how, I still trust on tether because it help me with less lose. Though, I won't allow anyone to hold some huge sum of tether on their wallets because  of it possibility of disappearance from the radar.

[Shallow]

Over and over again, I will still maintain my stand on stablecoins which is, holding them is a very bad idea not that it even grows. Stablecoins are only better for trading and/or during bear market to be on the safer side, anything else than this, which is holding for long is not advisable in my own opinion. Also, the fact that Tether is centralized is a huge concern because anything can happen; yes it is growing everyday with huge users but the government ( or central bank) can still play their cards to disrupt everything, hence let everyone in the crypto space be extremely careful and trade very cautiously when it comes to stablecoins starting with Tether.

[elyas772]

There are already True USD, USDC, PAX, USDS. Binance does not take ANY risk listing tether, customers take ALL risk when they decide to buy Tether, that's their choice.

[pixie85]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

And I think they might be scammers. There's a lot of suspicious activity in Tether starting from how they used to hide the fact that they aren't 100% covered. If they aren't it means they are vulnerable just like banks.

They aren't mirroring USD but acting like a bank and a currency issuer combined.

If any government agency goes after them their collapse is going to be brutal.

[Kelvinid]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

I will ask you to show some evidence to prove your claims. TETHER has existed for a long time and then you'll say that it was backed up by scammers? I don't such illegalities that TETHER has made. Not that many projects turns into a scam it also entirely affects the whole crypto market and then turns into a scam as well.
Well, I only give you the support of you can show some illegalities that TETHER has proven guilty, and (may) my trust for this project will change. But for now, I'll keep TETHER in my trust list.

[TastyChillySauce00]

There are already True USD, USDC, PAX, USDS. Binance does not take ANY risk listing tether, customers take ALL risk when they decide to buy Tether, that's their choice.

You are joking about that as binance has already listed tether since it was created. You should visit the binance exchange site and try to choose the USD pair and then you will see tether already traded there,
Are you missing it?

[Peanyut991]

Do you have solid proof of your argument? If not then don't scare us as a crypto community. Our crypto assets are entirely our responsibility, the central bank cannot interfere with that.

[MadeMen]

I've heard contradicting allegations about tether. Some persons are saying that the project doesn't have sufficient back up in USD for the tether in circulation. I've also read that the audit carried out vindicated tether which proofs that the company is solvent and have the required back up.

[Bezobraznike]

I've heard contradicting allegations about tether. Some persons are saying that the project doesn't have sufficient back up in USD for the tether in circulation. I've also read that the audit carried out vindicated tether which proofs that the company is solvent and have the required back up.

   MadeMen you are right, we all read contradicting allegations about Tether. I don't like stable coins, they are good only for traders
who have pairs with crypto-currencies. But it's not recommended holding it for too long, as we can see anything can happen if
authorities try to seize them for money laundering, and that can happen just like OP said.

[mindrust]

I've heard contradicting allegations about tether. Some persons are saying that the project doesn't have sufficient back up in USD for the tether in circulation. I've also read that the audit carried out vindicated tether which proofs that the company is solvent and have the required back up.

As far as I know tether was never audited officially. They said that they were audited we have the funds bla bla bla but it wasn't an audit at all. It was fake.

Tether has repeatedly claimed that they would present audits showing that the amount of tethers outstanding are backed one-to-one by U.S. dollars on deposit. They have failed to do so.[42] A June 2018 attempt at an audit was posted on their website in June 2018 which showed a report by the law firm Freeh, Sporkin & Sullivan LLP (FSS) which appeared to confirm that the issued tethers were fully backed by dollars. However, FSS stated "FSS is not an accounting firm and did not perform the above review and confirmations using Generally Accepted Accounting Principles," and "The above confirmation of bank and tether balances should not be construed as the results of an audit and were not conducted in accordance with Generally Accepted Auditing Standards."[43]

In June 2018, USDT's marketcap was 2.5billion USD.

Now it is over $9.000.000.000!

scam.

[shushu9977]

I see tether is a good coin for investment. I saw it’s demand and price good long time. Therefore, it will be trustable in my thought.Tether is a such a coin which price is still holding as his posirion.

[chichidori]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

It's just your speculation and you should provide evidence to justify your accusation, money laundering is a serious offense, and surely central bank will not sit idly.... tether is now also backed by gold and other crypto assets.

[Febo]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

Central bank can destroy value of tether even easier, just devaluate USD. Tether is worth exactly as much as 1 USD. If 1 USD gets worth 100 tomes less so will tether. It does not matter how big tether will be then.

[coolcoinz]

Those poor people who believe a stable coin like tether is a safe coin to store value when Bitcoin becomes volatile will one day suffer huge losses.
I often read posts where people advice others to keep some money in tether because Bitcoin is too volatilke, or they even say we should "invest in tether". You have no idea what you're getting into when you start treating tether like a safe asset or a long-term investment.

You're not buying a share in a company here, you're buying a worthless IOU from some random guys like this JL van der Velde. I bet most of you tether holders never even heard this name!

They still lie on their webpage about their backing:

Tether is a token backed by actual assets, including USD and Euros. One Tether equals one underlying unit of the currency backing it, e.g., the U.S. Dollar, and is backed 100% by actual assets in the Tether platform’s reserve account

It has been proven over and over that they are not 100% backed and often print Tether to satisfy demand or even supply their partner exchange Bitfinex. If they keep lying about a well known fact like that, it's obvious they're running a scheme here.

[ScamViruS]

I see tether is a good coin for investment. I saw it’s demand and price good long time. Therefore, it will be trustable in my thought.Tether is a such a coin which price is still holding as his posirion.

Tether is not a good coin for invest ! I don't know how much you know about Tether. Because the way you say it means you don't know much about tether. Tether is a stablecoin, the price of this coin is always $1 usd. So you will not make any profit by investing in these coins. However, you can buy / sell bitcoin using tether, you can trade bitcoin using tether. However, be careful when using tether. Because there is no guarantee of their words. They print usdt as they wish and use it in manipulation in the crypto market.

[Vishnu.Reang]

Tether is a good coin for invest ! I don't know how much you know about Tether. Because the way you say it means you don't know much about tether. Tether is a stablecoin, the price of this coin is always $1 usd. So you will not make any profit by investing in these coins. However, you can buy / sell bitcoin using tether, you can trade bitcoin using tether.

Your statement is full of contradictions. How can you invest in a stablecoin? If you are investing in USDT, then what prevents you from making a direct investment in US Dollar? After all USDT is risky, because someone else is storing the money for you. When Bitcoin was invented by Satoshi Nakamoto, one of the primary objectives was to allow the storage of money without the help from any intermediaries (such as banks and other financial institutions).

[ScamViruS]

Tether is a good coin for invest ! I don't know how much you know about Tether. Because the way you say it means you don't know much about tether. Tether is a stablecoin, the price of this coin is always $1 usd. So you will not make any profit by investing in these coins. However, you can buy / sell bitcoin using tether, you can trade bitcoin using tether.

Your statement is full of contradictions. How can you invest in a stablecoin? If you are investing in USDT, then what prevents you from making a direct investment in US Dollar? After all USDT is risky, because someone else is storing the money for you. When Bitcoin was invented by Satoshi Nakamoto, one of the primary objectives was to allow the storage of money without the help from any intermediaries (such as banks and other financial institutions).

You do not understand my opinion. So I'm editing it. He said tether is a good coin to invest in. He probably doesn’t know much about tether and doesn’t understand, so I tried to explain to him about tether. Tether is a risky asset in case of long hold. Because their entire activities are in the dark, they have no public data that everyone can trust.

[Midy]

every coin in the crypto world at any time the price may fall, because all that is not apart from market demand, but in monitoring, until now the price of teather is relatively stable.

[pixie85]

Tether is a good coin for invest ! I don't know how much you know about Tether. Because the way you say it means you don't know much about tether. Tether is a stablecoin, the price of this coin is always $1 usd. So you will not make any profit by investing in these coins. However, you can buy / sell bitcoin using tether, you can trade bitcoin using tether.

Your statement is full of contradictions. How can you invest in a stablecoin? If you are investing in USDT, then what prevents you from making a direct investment in US Dollar? After all USDT is risky, because someone else is storing the money for you. When Bitcoin was invented by Satoshi Nakamoto, one of the primary objectives was to allow the storage of money without the help from any intermediaries (such as banks and other financial institutions).

You do not understand my opinion. So I'm editing it. He said tether is a good coin to invest in. He probably doesn’t know much about tether and doesn’t understand, so I tried to explain to him about tether. Tether is a risky asset in case of long hold. Because their entire activities are in the dark, they have no public data that everyone can trust.

You changed it from Tether is a good coin to invest into Tether is not a good coin to invest and you dare to say that he did not understand you? Are you for real?

It was you who did a 180 turn from advising to buy that shitcoin into advising not to.

[BintangBuleun]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

I don't think the bank might freeze Tether's account. Freezing will occur if there is a report of fraud committed by Tether. Because Tether is an official company, so they have a strong legal foundation. And the central bank can also take legal steps if something happens scams.

[doctor877]

This is indeed a valid point. Somehow the introduction not stable coin is leaving a big hole I'm the crypto space because most if the project now come to be backed by stable coin is a very big lie. If any further proper check is done on tether, it will definitely cause some big issue for cryptocurency for a while.

[oriontab]

If it turns out to be bad,it will be devastating for the entire cryptocommunity. They are not new to controversies and they have published a comprehensive independent audit for the printed tethers

[GreenStox]

Well, for the others who still don't know other alternatives for Tether, we already lot of them, stable coins.
It's kinda difficult for Tether now since Tether is the highest market cap among other stable coins, but still, we can use some stable coin except Tether.
We have, USDC, DAI stable coin, PAX, TrueUSD, any more?
It's kinda difficult now to switch since as what I told, Tether is the highest market cap among other stable coins.

well, this is true because the tether has become the biggest stable coin, it will be difficult to remove or move from the tether, even though people know what will actually happen with their coins the risk or anything that can harm them in the future, the fact that people still use them and become coins with the largest daily volume in the crypto market.

[ScamViruS]

Tether is a good coin for invest ! I don't know how much you know about Tether. Because the way you say it means you don't know much about tether. Tether is a stablecoin, the price of this coin is always $1 usd. So you will not make any profit by investing in these coins. However, you can buy / sell bitcoin using tether, you can trade bitcoin using tether.

Your statement is full of contradictions. How can you invest in a stablecoin? If you are investing in USDT, then what prevents you from making a direct investment in US Dollar? After all USDT is risky, because someone else is storing the money for you. When Bitcoin was invented by Satoshi Nakamoto, one of the primary objectives was to allow the storage of money without the help from any intermediaries (such as banks and other financial institutions).

You do not understand my opinion. So I'm editing it. He said tether is a good coin to invest in. He probably doesn’t know much about tether and doesn’t understand, so I tried to explain to him about tether. Tether is a risky asset in case of long hold. Because their entire activities are in the dark, they have no public data that everyone can trust.

You changed it from Tether is a good coin to invest into Tether is not a good coin to invest and you dare to say that he did not understand you? Are you for real?

It was you who did a 180 turn from advising to buy that shitcoin into advising not to.

Yeah. There was a misunderstanding. And it started by me. Because I expressed my thoughts with symbols. I have edited it later to remove the misunderstanding.

I always tell people to be careful in using usdt. No one can make a profit by investing in usdt, because its price is unchanged (stablecoin). 

[Slow death]

it’s just a matter of time for Tether to overcome ETH.

I also don't like Tether and that's why I started using USD to trade bitcoin and ETH... after some time I switched all my USDT to USD because I'm afraid to wake up and realize that Tether disappeared due to some scandal involving government authority and to this day I wonder how the US governments have not yet asked if Tether has these reserves that he claims to have or is it not necessary that stablecoin have a license from central banks?

[takana212]

the price can be as you mentioned at any time, because if there are large investors who sell TEther in large quantities then the price will fall very deep.

[peter0425]

the price can be as you mentioned at any time, because if there are large investors who sell TEther in large quantities then the price will fall very deep.

same reason why i hate stable coins because of this possibilities .

Tether has been taking position this past months but for me?this is not enough for me to trust these coins.

i rather Buy Litecoin and wait for recovery than having Stable coins.

[kotajikikox]

I don't think the bank might freeze Tether's account. Freezing will occur if there is a report of fraud committed by Tether. Because Tether is an official company, so they have a strong legal foundation. And the central bank can also take legal steps if something happens scams.

True, the Central Bank will not take silly actions if an accusation has not been proven right, because they have a legal basis when following up on something that they suspect, and so far I personally have never found anything scam with the Tether company.

tether s a big company and a high value project so i dont think that there are scam behind this currency and besides if this is scam then what about all those Stable coins?

But not because i am not believing about the scams in tether yet i still dont trust Stable coins even if this top 3 currency is involved because there are no concrete profit in investing here not like to other coins that you cane easily feel the income or the losses.

[filterMX]

tether alone development is still relatively stable, but to anticipate the disposal of prices we must monitor at all times and if you want to invest in the long term it is better to invest in BTC alone.

[yhiaali3]

Despite all the controversial problems around Tether but I think it's still the number one stable coin, we all remember when the big drop in the crypto currency market occurred due to the Corona virus and the bitcoin price fell about 40% in one day most people converted their coins to Tether to keep the value Coins, this means investor confidence in Tether.
But despite all that I agree with you that Tether cannot be completely trusted because it can be frozen at any moment by the central bank in case the problem of covering digital assets is repeated.

[Zazzu]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

what else can I do ?, only USDT has the most volume and everyone uses it too,
although this project controversial, I don't think it's a problem for saving USDT

It is true, although there are many FUD about USDT. But this is still the largest stablecoin in this market and has a lot of liquidity. Therefore, it will still be the first choice for investors and all traders in this market

[pixie85]

https://i.imgur.com/D3uRI5b.png

it’s just a matter of time for Tether to overcome ETH.

I also don't like Tether and that's why I started using USD to trade bitcoin and ETH... after some time I switched all my USDT to USD because I'm afraid to wake up and realize that Tether disappeared due to some scandal involving government authority and to this day I wonder how the US governments have not yet asked if Tether has these reserves that he claims to have or is it not necessary that stablecoin have a license from central banks?

If we measure how fast USDt grows it will also overcome Bitcoin. It will happen because:

1. They have no boundaries. They can keep making as much usdt as they want.
2. They will have demand because USDt is used to buy all cryptocurrencies so it can technically have a market cap comparable to total market cap of all cryptocurrencies together.

At some point people will realize that those guys from Tether were giving them fresh made usdt in exchange for their cryptos that they were hoarding. Then they go bankrupt all usdt will lose value and they will exit with all those cryptocurrencies and all that people have on bitfinex. Good game!

[MadeMen]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

I'm actually not very certain of how things work in this sphere. I believe Tether is a cryptocurrency, just like bitcoin and every other cryptocurrencies. But the distinct fact about tether is that its backed with USD. Several persons believe that they don't have the amount of USD they need to back up the coin, but I once read that an audit was carried out and the report shows that tether is properly backed by USD.

[bbc.reporter]

I created a tether Big Short thread, however, when reading all the replies from respected members of this forum, it appears that some of them are in denial. Bitfinex, Ifinex and Tether might also be only shell companies.

https://bitcointalk.org/index.php?topic=5250676.msg54488969#msg54488969

[DDante]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

Tether business is only functioning properly because they've been allowed to do business, it's Centralized, if it is bad for Central bank the war will be over already, something that happened to Libra coin would have happened to USDT, I don't see anything wrong with this stable coin at the moment

[aemma]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

I agree that Central Bank mafia can play around ones money account which might even drastically bring Tether down and so on but currently, which stablecoin can we trust? This is the big question begging for answers when having in mind that all stablecoins are the same, that is, have no utility other than using to fix funds from decreasing in price, mostly backed by a centralized entity and so on. My only opinion is, do not hold any stablecoin for long term and if one wants to hold Tether, I do not actually see it going down immediately as there will probably be warnings owing to how huge it has grown.

[Dildo Shwaggins]

Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

Tether is a scam and the people involved are inflating the scam. It will eventually collapse and it will be jail time for many.

[poodle63]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

what else can I do ?, only USDT has the most volume and everyone uses it too,
although this project controversial, I don't think it's a problem for saving USDT

Some people may feel contradicted with it and when you are trusting USDT and you can save it, this time is more than 2 years I'm using USDT especially to be my reserved funds to anticipate the bad or good trend that will always happen in the crypto.

[barbara44]

Not just with tether, it is always a good practice to ignore all corporate shits.

For the people who are still wondering on how to identify corporate things, I guess this simple checking will be more helpful: If you are able to mine a coin then it is somehow fine to go with them. All smart contract things are non-mineable but they are already running on a decentralized platform hence we are fine to go with them.

Almost all the stablecoins we are having right now, are just corporate based things and government may seize them at any time. As they are not compatible with most of the decentralization characteristics, it is possible for them to manipulate on their own wish hence  it is not at all safer to deal with them.

[Reatim]

it’s just a matter of time for Tether to overcome ETH.

I also don't like Tether and that's why I started using USD to trade bitcoin and ETH... after some time I switched all my USDT to USD because I'm afraid to wake up and realize that Tether disappeared due to some scandal involving government authority and to this day I wonder how the US governments have not yet asked if Tether has these reserves that he claims to have or is it not necessary that stablecoin have a license from central banks?

That is more than Half of its capitalization mate and i don't think that Tether would be like Bitcoincash last year that took the rank 2 position from ETH for couple of times but look where is Bitcoincash now?

and besides looking at the chart now? https://coinmarketcap.com/

XRP is coping back again and with just only 200 million+ it will take the number 3 rank again and USDT will fall once again.

Sorry to say this But Stable coins has no Place in TOP 5 currencies mate lets admit that reality.


and my personal opinion?TETHER cannot be consider as Crypto.

[Blackrain13]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

I think you have a point ,we should not trust to Tether cryptocurrency because it could be down and useless someday. It is a controversial cryptocurrency  because of the company's failure to provide a promised audit showing adequate reserves backing tether and its alleged role in manipulating the price of bitcoin. But i think for now we should take advantage on this coin while it is still valuable and traded in crypto market.

[DarkDays]

Well, that's the case with any stablecoin really. You can't just single out Tether here.

I don't think they could freeze the bank account even if they wanted to, since they're using a bank account in Puerto Rico.

Even if they did shut down Tether, it wouldn't stop the problem really, and they would actually be causing potentially millions of people to lose money.

Not saying I think Tether is trustworthy—far from it. But they're definitely not the only stablecoin at risk of a bank freeze.

[GREENch]

Every month (and sometimes more often) when reading crypto news and articles on various platforms, I find information that we should not trust Tether. Most of the arguments are completely unconvincing and uninformative. And the question of trust in a particular cryptocurrency sounds funny, if you consider the entire background)

[jrrsparkles]

Tether itself can freeze anyone's money even if you are holding them on your own wallet which have private keys that is what centralized coins are created for.So its a trading material not a holding asset so everyone who is holding huge amount of tether always having the risk of losing their coins or its value for different reasons.

[pixie85]

Every month (and sometimes more often) when reading crypto news and articles on various platforms, I find information that we should not trust Tether. Most of the arguments are completely unconvincing and uninformative. And the question of trust in a particular cryptocurrency sounds funny, if you consider the entire background)

I'd be willing to educate you about the dangers of using Tether.

Please tell me which arguments you find unconvincing? I'd start with the one where they lied about being backed by USD.

[qigong13]

Tether itself can freeze anyone's money even if you are holding them on your own wallet which have private keys that is what centralized coins are created for.So its a trading material not a holding asset so everyone who is holding huge amount of tether always having the risk of losing their coins or its value for different reasons.

True, the recent news about the account holding stablecoin like Telther can be frozen easily really make it become more unreliable in the eye of traders and holders. Sure, we can use it as a trading asset and nothing else but knowing how it could be like that really worrisome.

[husencoe]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

there is no safe investment in cryptocurrency although current monitoring of Tether prices is now relatively stable, the role of large-capital investors is very influential on it.

[inoes]

either Tether or other stable coins are the same. the same meaning here is do not to be used for investment. but use it as payment. so the concern for money being taken away / scam is getting smaller. because the funds do not last long but only for transactions.

[pixie85]

I think we have passed the point to wonder if Tether going to be trust or not. In the end, we have to use it to finalize our gain no matter we like it or not.

Yes' you're right.

I forgot that there's no fiat anymore and there are no exchanges that don't use stablecoins and we are forced to exchange to Tether every time we execute a trade.

We've definitely passed a point of no return with Tether. Now it's USDt or bust 

[gaston castano]

because tether is the largest stable coin, it will be difficult to move even if everyone knows this truth.
let's just say this has become a risk that will be experienced if indeed bad predictions will occur.
and also the stable type of coins on the market is quite a lot, maybe it can anticipate if something bad happens.

[Diamond_Darrell]

Honestly, I have not yet come across a coin / token that would be suitable for pre-term storage. But why keep your funds sewn into a mattress, we do not live in the Middle Ages when time passed by for a long time and slowly

[FLHippy]

It is a pitty that decentralized protocols and its stablecoins can´t provide such stability as Tether can. Look for example at USDQ how it fluctuates, I wouldn't believe it in the long run when it has problem to keep the value in short term. 

[r32godzilla]

If you are not satisfied with Tether you can choose more transparent alternatives, for example from Binance Labs - BUSD, from Circle and Coinbase Labs - USDC or from Winklevoss brothers - Gemini USD. All of them have third-party audits, so they seem to be trusted.

[wozzek23]

I'm not having any reasons to trust tether as I'm not planning them for any of long-term holding. I believe only the traders who are planning to make use of tether with long-term plans must need to worry about its credibility in long run. But, we need to consider its past performance, as far as I'm concerned I'm not seeing any problem with tether to make use of it while we're trading without any plan to hold them.

One of my friend sold 1 BTC for tether when BTC was trading at $18k and the kept that $18k worth of tether within exchange to buy back BTC and when BTC prices fall below $9k, he bought 2 BTC for those tether (if he waited a little more then he might have got chances to buy more BTC when BTC prices fell below $4k levels by December 2018). I am just mentioning about how people are trusting tether and how long they are preferring to hold it.

[Vishnu.Reang]

If you are not satisfied with Tether you can choose more transparent alternatives, for example from Binance Labs - BUSD, from Circle and Coinbase Labs - USDC or from Winklevoss brothers - Gemini USD. All of them have third-party audits, so they seem to be trusted.

BUSD is much better than USDT, because at least in the case of that token, it is being managed by one of the most reputable cryptocurrency exchanges in the world. One thing I don't like about USDT is that they have increased the circulating supply very steeply during the recent months. Tether is now the 3rd largest cryptocurrency in terms of market cap with a circulating supply worth more than $9 billion. Just a few months back, it was worth around $4 billion.

[ttcsalam]

That could be good news.Through this everyone can be aware.But how can this be possible.Most investors trade in this pair.If there is such news, you have to be aware now. Most of the trades I think should be traded on BTC pair and Etherium pair.

[Diamond_Darrell]

Tether getting bigger every day but it doesn't mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a Good Excuse for Central Bank to freeze tether money account.

Tether is getting bigger every single day because it has huge potential in its growth and that's why investors have made a really great investment in it. Your allegation is useless because Tether has a market cap of almost $9 bn. If your allegation were true this platform would collapse already. But anything that you had mentioned above is bullshit. As well without any strong evidence how could you target the token?

Okay, you're right and USDT is so cool that you can safely and recklessly store tens and hundreds of thousands of dollars in it. How much are you willing to

[sana54210]

Tether is now the 3rd largest cryptocurrency in terms of market cap with a circulating supply worth more than $9 billion. Just a few months back, it was worth around $4 billion.

You refer un-regulated supply? We cannot do anything about that because it is like token economic, they will keep issuing as per market demands. There cannot be any logic behind their circulating supply. They can even beat bitcoin in terms of total market cap by manipulating the circulating supply; just for the reason of being realistic they are not doing that, it seems .

Tether is a corporate company and their supply is as per their own wish. So, issuing another 200 billion units of tether to beat bitcoin in terms of higher market capitalization is just a few click work for them. Please never look for coinmarketcap ranking to assume about which is 2nd largest cryptocurrency or 3rd largest or anything like that; all these are just manipulation when they are not having controlled supply like bitcoin is doing.

As well without any strong evidence how could you target the token?

Just not being a mineable coin is more than enough evidence to target it. Tether is being issued by a corporate and such corporate are known for seized by governments when they are getting suspected about involving in money laundering.

[lixer]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

You’re not the first person that has pointed finger at Tether, I have seen so many complain about whether tether can really be trusted and some of them have said that it is not fully backed by the US dollar. There was an article that was posted on Coin Rivet, and according to the editor, the Tether is not fully backed by the USD, only about 70% of it is backed by the USD. I don’t know about other stablecoins, they might be the same thing, that’s if this is true about Tether. Although PAX seems to be something different.

[Rafiqul]

That could be good news.Through this everyone can be aware.But how can this be possible.Most investors trade in this pair.If there is such news, you have to be aware now. Most of the trades I think should be traded on BTC pair and Etherium pair.

I also agree with you that investors can be aware through this news. But I don't think it's going to be risky to trade in a pair of teasers. I believe that if you want to retain the money you have invested at the end of the transaction, it will be safer and more profitable to invest it in BTC.

[Anonymous100]

Tether getting bigger every day but it doesnt mean you can trust them.
Im not gonna say tether developers are scammer but tether could be fall very hard by Central bank mafia, Money Landing is a good Excuse for Central Bank to freeze tether money account.

I'm not sure they have the same amount of money they have on the Tether blockchain.
But the Tether that exists today, say based on the volume of cmc does not belong to one person. But it belongs to many investors who hold Tether. So there is no way to freeze the Tether company account by the Central Bank.

[Police Indo]

That could be good news.Through this everyone can be aware.But how can this be possible.Most investors trade in this pair.If there is such news, you have to be aware now. Most of the trades I think should be traded on BTC pair and Etherium pair.

I also agree with you that investors can be aware through this news. But I don't think it's going to be risky to trade in a pair of teasers. I believe that if you want to retain the money you have invested at the end of the transaction, it will be safer and more profitable to invest it in BTC.

Isn't it safer to secure money from trading / investment results into stable coins? yes it does not have to be tether, because there are many other stable coins. if securing the results of trading into coins such as BTC, Eth or others then the value is volatile and erratic, in terms of profit it is difficult to predict accurately. So I thing tether is not bad

"securing here means not long, only a short time after that assets are withdrawn / traded / invested again"