|
rhomelmabini
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 22, 2021, 01:28:02 AM |
|
Not until we see some light about this lawsuit more like we should await from the NY Attorney General for 30 days again and this is now or never for Tether https://www.coingeek.com/buckle-your-seatbelts-ny-attorney-general-to-decide-on-tether-in-30-days/I guess tether won't go into crisis like xrp. Because if I am not mistaken, they defended very well and put everything forward as far as I have heard. Tether will bypass this process smoothly without fraying and without problems like xrp.
It isn't everyday a Tether or XRP day they may have defended in the past but somehow there's some ruling to follow.
|
|
|
|
asriloni
Legendary
Offline
Activity: 3136
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 22, 2021, 03:41:25 AM |
|
I guess tether won't go into crisis like xrp. Because if I am not mistaken, they defended very well and put everything forward as far as I have heard. Tether will bypass this process smoothly without fraying and without problems like xrp.
Tether was much more transparent compared with XRP. Tether was also never doing the illegal security token offering to get the money from the investors unlike XRP that has been doing billions illegal security token sale. That's why SEC was aiming ripple rather than tether, it's very bad to see that people didn't even understand about the main concern that has become the main problem for XRP. It's clearly stated by SEC too. IDK why people are keep hoping tether will be sued by SEC. We will see that in the next 30 days.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
kolesozw
Legendary
Offline
Activity: 1316
Merit: 1004
FRX: Ferocious Alpha
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 22, 2021, 06:21:13 AM |
|
Not until we see some light about this lawsuit more like we should await from the NY Attorney General for 30 days again and this is now or never for Tether https://www.coingeek.com/buckle-your-seatbelts-ny-attorney-general-to-decide-on-tether-in-30-days/I guess tether won't go into crisis like xrp. Because if I am not mistaken, they defended very well and put everything forward as far as I have heard. Tether will bypass this process smoothly without fraying and without problems like xrp.
It isn't everyday a Tether or XRP day they may have defended in the past but somehow there's some ruling to follow. Oh boy, it's getting interesting for Tether. Should we switch to USDC or any of the other stablecoins? IF US NY Attorney hits Tether, the whole crypto world will suffer big time...
|
|
|
|
Ken_terrance
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 574
Merit: 18
Making Smart Money Work
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 22, 2021, 07:07:39 AM |
|
Don't compare XRP with USDT because USDT operates legally through and through in some cases, this isn't the first time that USDT will face the law and everything went smoothly, as for XRP nothing like this ever happened
|
|
|
|
Shallow
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 22, 2021, 07:19:07 AM |
|
The issue with XRP started from small talks, or rumours and many people aired their opinion on how big XRP is and so on, but today they are having still issues with SEC which is yet to be solved and which people are yet to understand how everything will turn out, even at that, exchanges have started making moves towards it. Therefore in the case of Tether, remember for a long time there have been talks or fud about Tether, and no one knows the truth, and today they are gradually going the path of XRP. In my own opinion, it is better to be safe and not take chances, I don't know what will become of Tether at the end, no one knows if everything will end up in favour of Tether, hence in order not to be caught off guard, I think it's better using other stablecoins for now till everything calms down, at least you can still use other stablecoins to achieve whatever you want to achieve.
|
|
|
|
hugeblack
Legendary
Offline
Activity: 2632
Merit: 3890
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 22, 2021, 09:35:20 AM |
|
All altcoins have some degree of risk. Unless there is a currency well based on proof of work, we cannot describe that we are safe when used or that it is decentralized. Ripple is one example of a central currency. When we talk about a central currency, the regulatory problems must be taken into consideration. USDT is a central currency, Therefore, the problem will happen soon or later. It is best to use stablecoins within central platforms when you want to stabilize the price and make profits, but it is wrong to use them for long-term hodling.
|
|
|
|
Eddyc
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 22, 2021, 09:43:36 AM |
|
Stablecoin is neutral in trade and has no evidence of fraud, speculation or commercial dramas. The market and fluids is a variation of $0.02 more or less and therefore the name itself guarantees stability. However Tether represents the American dollar in the world of crypto and maybe the only crisis that can happen is the American government to create norms and rules of purchase of the same but that will hardly happen. Now XRP has violated some market rules and hid some information from the main American monetary regulatory body and the process is ongoing.
|
Note* I write about projects that can do something for society. Now whether this will happen depends not on me, but on the project team. I'm just a writer... DYOR
|
|
|
batang_bitcoin
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 22, 2021, 05:54:58 PM |
|
Oh boy, it's getting interesting for Tether. Should we switch to USDC or any of the other stablecoins?
DAI would be the next good choice instead of another centralized stable coins. but it is wrong to use them for long-term hodling.
Correct. I won't use it for long term holding especially if it's USDT that has a very active issue since years ago. It's best to choose those stable coins that don't have much issue such as DAI which is decentralized.
|
|
|
|
bekti3
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1078
Merit: 15
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 22, 2021, 06:40:43 PM |
|
I'm not sure if Tether will experience something similar to Ripple's current fate. Tether has a huge force in the market and has been a huge conversion in bitcoin pairs over a long period of time. with the same link between Tether and Ripple, would this be dangerous? perhaps for now it will appear to be still in the realm of safety.
|
|
|
|
Clement Kaliyar
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 22, 2021, 07:10:35 PM |
|
It's not just XRP that is having problems linking the reason the SEC reporting on a source doesn't verify over data. Tether also goes into issues to interact with the dispute with Bitfinex.
Tether is a controversial coin in the eyes of the authorities way much before XRP came under fire and the cryptocurrency enthusiast especially bitcoin enthusiast were against XRP simply because of its centralized authority and you need to expect Tether coming under fire right now or in the future as they are always shady with the way in which they create coins out of thin air without any transparency especially when the market shows signs of a rally.
|
|
|
|
ScamViruS
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 22, 2021, 07:34:55 PM |
|
Don't compare XRP with USDT because USDT operates legally through and through in some cases, this isn't the first time that USDT will face the law and everything went smoothly, as for XRP nothing like this ever happened
Tether is not fully clear. Much of the USDT's information is still hidden for ordinary crypto users. The promise they make to print 1 USDT for real 1 USD is much questioned by many. Are they really printing that amount of usdt with real USD reserve? If they do not do it right then they are doing illegal things. And if they do illegal things, there must be problems. Because the reality is that there is a real impact between the crypto market and crypto users. So now I think the SEC should look harder on usdt, it will make the crypto market more secure.Altcoin means risk exists which is the real reality.
|
|
|
|
IkonaDro4ku
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 392
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 22, 2021, 08:15:50 PM |
|
I think USDT will be fine. Although it cannot be ruled out that the price may go lower remember this has happened before.
|
|
|
|
ElaineGanda
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 422
Merit: 103
Futurov
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 22, 2021, 08:42:00 PM |
|
I think no. Because first, tether and ripple have a different scenario with regards to their current situation. In the case of ripple, they have an unresolved issue with SEC which is why ripple is experiencing some crisis. On the other hand, tether has no problem with their project in general terms. So, I find it nonsense if we will compare the two projects/coin.
|
|
|
|
eckmar
Legendary
Offline
Activity: 1878
Merit: 1038
Telegram: https://t.me/eckmar
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 22, 2021, 08:48:50 PM |
|
I think its possible. They don't have 1:1 dollar backing. They are printing more and more of USDT without backing. Its just a matter of time
|
|
|
|
1l1l11ll1l
Legendary
Offline
Activity: 1274
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 22, 2021, 09:30:03 PM |
|
I think its possible. They don't have 1:1 dollar backing. They are printing more and more of USDT without backing. Its just a matter of time
Yes, this has been a very hot issue lately. And I guess if they can't prove it, of course they are in pretty big trouble considering that Tether is a "stablecoins" that has almost twice the volume of bitcoins
|
|
|
|
heyhat
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 350
Merit: 129
fallenangel
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 22, 2021, 09:38:02 PM |
|
It seems so, unfortunately. Though they prepared 2.5 million page text to defend themselves they probably have too many defects and SEC knows it. But Tether cooperates more than Garlinghouse and XRP. So, they may solve the problem easier.
|
|
|
|
GreekCoiner
Newbie
Offline
Activity: 62
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 22, 2021, 09:42:34 PM |
|
What does Tether (USDT) stablecoin has to do with the XRP altcoin? XRP was created by Ripple and they were controlling 100% of the supply when it started. They made millions by selling this token to the people and THEY ARE STILL SELLING without stop on the market despite the legal issues. Ripple guys became rich while XRP, which is a nice blockchain project I can say, couldn't hold any high it reached.
From the other hand, USDT is a stablecoin. They minted tokens based on their USD holdings (at least that's what they claim they did). There are other stablecoins too if you dont trust USDT. Use DAI, USDC, PAX, BUSD etc.
|
|
|
|
kolesozw
Legendary
Offline
Activity: 1316
Merit: 1004
FRX: Ferocious Alpha
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 23, 2021, 05:21:32 AM |
|
Oh boy, it's getting interesting for Tether. Should we switch to USDC or any of the other stablecoins?
DAI would be the next good choice instead of another centralized stable coins. but it is wrong to use them for long-term hodling.
Correct. I won't use it for long term holding especially if it's USDT that has a very active issue since years ago. It's best to choose those stable coins that don't have much issue such as DAI which is decentralized. I agree with you that DAI is a much better choice than centralized stablecoin. The problem I'm facing is that 99% of the exchange trading pairs are XXX/USDT, and keeping my stable coins in DAI will add another 0.1%/0.2% in conversion fees. It sounds like a small amount, but it's adding up when you are trading daily. Still, I will follow the news closely and gladly pay the price if Tether will bust.
|
|
|
|
Bitstar_coin
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 23, 2021, 06:57:18 AM |
|
I didn't know tether is having problems with the sec, I hope it is not something serious enough to result to them getting delisted in exchanges like xrp because that will be the beginning of a big problem, in any case, thanks for the heads up, I have some of my funds in tether so I guess I better pay more attention from now on.
|
|
|
|
|