DO NOT TRUST TO TETHER

[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.

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[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.