DO NOT TRUST TO TETHER

[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.

[1714314623]

1714314623

[1714314623]

1714314623

[1714314623]

1714314623

[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.