Will Tether crash to $0?

[cafucafucafu]

No, it never was safe and never will be safe.

The recent dissection of their reserves has confirmed the community's worst fears - they are definitely moving towards a more fractional reserve model.

I'm not sure why people still trust it so much. There are better alternatives for even just Stablecoins. It seems like people really don't learn.

[superman184]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

I think tether is still safe. That's not all tether tokens issued by the company backed by 1 tether 1 dollar. Any cryptocurrency can collapse even bitcoin when there is no demand, but tether has grown to a large enterprise and it is very unlikely for it to go down or crash. Tether had fallen so hard in the past. which has taught a lesson that tether can die at any time but people still feel confident about it because they still use tether as a token to keep its value stable or avoid volatility from the market. I remember a few years ago when FUD news about USDT was chained to an email and the USDT price had fallen below $1 due to panic from traders but prices recovered quickly, there was no reason that USDT would fall to $0.

[mindrust]

Well, I think it's a little odd Bittrex is printing new USDT like there's no tomorrow. It could be nothing more than a move to manipulate the market to its own benefit. Unless Tether is really backed by USD reserves, I would take it with a grain of salt. You can never trust a centralized stablecoin subject to fraud, manipulation, and corruption. Trusting Tether is no different than trusting banks. I've seen cases where USDT funds where frozen (blacklisted) on the ETH blockchain. This greatly goes against what crypto was established in the first place. If this keeps up, Tether could go all the way to zero soon. I don't want to be pessimistic, but the facts speak for themselves. How long will Tether last is a mystery. I won't be surprised if the crypto market goes all the way down the drain after Tether's demise. Just my thoughts

I did the mistake by not trusting bitfinex&tether before and it costed me dearly. I am not buying that bullshit anymore. Tether and Bitfinex are rock solid and Bitfinex can create as many tethers as they want.

Please don't be a FUD super spreader. Crypto is not for the weak hands.

Tether won't go to zero. It will go to a trillion.

[smartaction]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

It is not possible to crashing Tether to $0 from $1. Tether is a stable coin like American USD. and USDT is much better then others Stable coin like USDC, DAI, USDN. tether is still safe.  So it will never happen any days

[budi12]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Stable coins will follow dollar values, so I think it's safe to hold Tether when you feel the market isn't good enough to enter a trade. People invented tether to replace FIAT because every exchange has a different FIAT system, Tether was founded to make it universal, so people can send FIAT (USDT) between exchanges now.

[Abiky]

No, it never was safe and never will be safe.

The recent dissection of their reserves has confirmed the community's worst fears - they are definitely moving towards a more fractional reserve model.

I'm not sure why people still trust it so much. There are better alternatives for even just Stablecoins. It seems like people really don't learn.

People can think what they like about Tether, but the facts are all that matters. I'd never trust a stablecoin that's centralized. The risks are simply to high. Either Tether goes to zero, or keeps itself afloat for generations. What's important is that you minimize risks as much as possible by diversifying your investment into other crypto assets. Tether is no different than Fiat (USD) as it's backed by a single entity. It's mainly a "tool" to reduce costs and wait times for traders. Cashing out to real USD is your safest bet to obtain stability without losing everything in an instant. There are many other stablecoins on the market, so Tether's loss will be other competitors' gain. Just my thoughts

[popovicbit]

I can't believe the cognitive dissonance going on around here. Bitcoin/cryto used to be about not trusting 3rd parties by cutting out the middle man.

"don't trust, verify" turned into "haven't verified, but I trust them" LOLOLOLOL!

Ask yourself why you trust Tether so much? I think the simple answer is greed, people "in the know" realize there is something shady going on, but everyone wants to get rich. The party is not going to end well...this will make mt. gox seem like child's play because back then your average joe wasn't invested in crypto.

Remember the part in the move "The Big Short" when the stripper says she has 4 or 5 condos? Well that's the crypto community at the moment...having too much fun chasing dollars and not stopping to ask if this is sustainable or healthy.

BTW, the lights will turn off all at once, so don't think you will have time to get out.

[Kyraishi]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

No, Tether is a giant pile of fractional reserve backed fiat.

Can you use it for short term speculative purposes? Absolutely. You might want to dump some cryptos in the short term for liquidity to hedge against your existing exposure and stablecoins are pretty good at that in general.

But can you actually use it as a store of value long term? NO. a) the value of fiat that is backing it will crumble to zero and b) it is likely that the fractional reserve that is propping up Tether will implode sooner or later.

[mindrust]

I can't believe the cognitive dissonance going on around here. Bitcoin/cryto used to be about not trusting 3rd parties by cutting out the middle man.

"don't trust, verify" turned into "haven't verified, but I trust them" LOLOLOLOL!

Tether proven itself to be trusted over the years. Their balance sheet is nearly  $70b and that's bigger than the most US banks. If there was anything shady, the US would shut them down.

Ask yourself why you trust Tether so much? I think the simple answer is greed, people "in the know" realize there is something shady going on, but everyone wants to get rich. The party is not going to end well...this will make mt. gox seem like child's play because back then your average joe wasn't invested in crypto.

Tether is too big to fail now. If there are any misdoings, the central bank of Bitfinex will fix the situation by printing more tethers. It is that easy.

Remember the part in the move "The Big Short" when the stripper says she has 4 or 5 condos? Well that's the crypto community at the moment...having too much fun chasing dollars and not stopping to ask if this is sustainable or healthy.
BTW, the lights will turn off all at once, so don't think you will have time to get out.

That's all hater/bear talk. Enjoy staying poor.

[xmonkeyx]

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

very safe, I think there is no way Tether will become worthless, currently Tether is the most stable coin and also very widely used. for what will happen in the future no one knows for sure but speculation about the worthlessness of Tether coins will be beyond guess.

[domoy77]

very safe, I think there is no way Tether will become worthless, currently Tether is the most stable coin and also very widely used. for what will happen in the future no one knows for sure but speculation about the worthlessness of Tether coins will be beyond guess.

I don't think it's necessary to think about it because from past evidence that Tether is really valuable and has always been a stable coin, so the first stable coin category in cryptocurrency is Tether, not the other even though there are many stable coins at this time.

[feelideb]

Tether has always been in the news for as far as I know.  Cryptocurrency market is blossoming as a result of stable coin  that help traders to go in and out of position and tether is the big stable that make it possible.  Tether will not go to zero but there are bumping ride for tether with the regulators.  I believe tether will find legitimacy and trust of the market and the  regulators

[BuNga_cute]

very safe, I think there is no way Tether will become worthless, currently Tether is the most stable coin and also very widely used. for what will happen in the future no one knows for sure but speculation about the worthlessness of Tether coins will be beyond guess.

I don't think it's necessary to think about it because from past evidence that Tether is really valuable and has always been a stable coin, so the first stable coin category in cryptocurrency is Tether, not the other even though there are many stable coins at this time.

Tether is the best stable coin compared to other stable coins, it can be seen from its high volume and also always in the top 10 crypto. It's impossible
for Tether to drop to $0, so I never hesitate to use Tether to save money when the market crashes. Maybe the person who thinks that Tether will drop
to $0, that person hasn't studied Tether well. Because Tether is indeed one of the popular coins that many traders use, so Tether is indeed valuable,
so it is impossible for the price to be $0.

[Bonenx14]

Tether has always been in the news for as far as I know.  Cryptocurrency market is blossoming as a result of stable coin  that help traders to go in and out of position and tether is the big stable that make it possible.  Tether will not go to zero but there are bumping ride for tether with the regulators.  I believe tether will find legitimacy and trust of the market and the  regulators

Tether will know very well what to do when they get a bad issue because news about bad things for USDT should also be checked for the continuation because I myself haven't searched about it all this time, because I still really believe in USDT or Tether

[geegaw]

Tether has always been in the news for as far as I know.  Cryptocurrency market is blossoming as a result of stable coin  that help traders to go in and out of position and tether is the big stable that make it possible.  Tether will not go to zero but there are bumping ride for tether with the regulators.  I believe tether will find legitimacy and trust of the market and the  regulators

Tether will know very well what to do when they get a bad issue because news about bad things for USDT should also be checked for the continuation because I myself haven't searched about it all this time, because I still really believe in USDT or Tether

Although also a strong believer in Tether but inner turmoil is something inevitable because today there has been a lot of bad talk about Tether when a lot of tabloid information has been rumored that the founders of Tether are scams and are being investigated by several government organizations, Tether CEO's twitter also disappeared as a sign of bad luck. So many doubts and most of us are Tether holders, if they don't voice their voices soon on the explanation, people will be in a bad mood and may move to another stablecoin

[gamer4156]

A chance is suspension of tie because of their case anyway they as of now win the case by paying some cash. Tie at any point slammed so hard before. that has been giving an illustration if tie could kick the bucket whenever yet individuals are as yet feeling certainty with it as they are as yet utilizing tie as the token to keep their worth to be steady or keep away from the unpredictability from the market.

[velosepur]

I dont thins so, but there is nothing 100%. Tether (USDT) is the third biggest cryptocurrency by market capitalization. It's also the biggest stablecoin on the market. But its popularity doesn't necessarily make it a safe investment.

[popovicbit]

I can't believe the cognitive dissonance going on around here. Bitcoin/cryto used to be about not trusting 3rd parties by cutting out the middle man.

"don't trust, verify" turned into "haven't verified, but I trust them" LOLOLOLOL!

Tether proven itself to be trusted over the years. Their balance sheet is nearly  $70b and that's bigger than the most US banks. If there was anything shady, the US would shut them down.

Ask yourself why you trust Tether so much? I think the simple answer is greed, people "in the know" realize there is something shady going on, but everyone wants to get rich. The party is not going to end well...this will make mt. gox seem like child's play because back then your average joe wasn't invested in crypto.

Tether is too big to fail now. If there are any misdoings, the central bank of Bitfinex will fix the situation by printing more tethers. It is that easy.

Remember the part in the move "The Big Short" when the stripper says she has 4 or 5 condos? Well that's the crypto community at the moment...having too much fun chasing dollars and not stopping to ask if this is sustainable or healthy.
BTW, the lights will turn off all at once, so don't think you will have time to get out.

That's all hater/bear talk. Enjoy staying poor.

1. Idk if you are following the news lately, but the US government is coming after Tether.  The head of the SEC has been on a public road show for the past couple of months saying "WE ARE COMING". That's why Binance and other exhcanges are trying their hardest to clean up their act by taking away leverage and cutting off lots of countries. The music is slowing down and people on the inside know it. The Coinbase CEO is basically crying on Twitter every week now bc he knows what's coming. The US government works very, very slow..tons of bureaucracy.  Once they get you in their cross hairs, then you are in for a world of pain.

2. One of the main reasons the US government is coming now is precisely because their balance sheet is $70 billion. Tether failing now might spill over into other financial markets, so they want to stop this before the bubble gets even bigger.

3. Bitfinix can do nothing once Tether goes down because people will lose confidence in Tether. Once confidence is gone then you can print all you want, it won't matter if nobody will touch it.

4. I'm actually replying to you because you seem like a real person...most of the other reply's look like "copy/paste" jobs (I wonder by whom?). I'm a believer in crypto long term, but the sooner this gets cleaned up the better. The technology is too good to have bozos like Tether and Bitfinix associated with it.

[Wahyuihib]

If I personally still choose Tether as an option to store assets, if you see the price of the coin is unstable. because by making Tether the assets I have still have the same value. but this is what i do. maybe friends on this forum, have a different opinion..

[elisabetheva]

I dont thins so, but there is nothing 100%. Tether (USDT) is the third biggest cryptocurrency by market capitalization. It's also the biggest stablecoin on the market. But its popularity doesn't necessarily make it a safe investment.

popularity will clearly determine people to make USDT still used as one for trading. because as a stable coin that is still very reliable today. like you said USDT market capitalization is also very good is an acknowledgment, because indeed all use USDT for transactions more efficiently so that prices do not change according to their wishes. Therefore, it is not surprising that it is often used as the most secure transaction tool to date.
When it comes to being safe or not, you can be sure that everything in crypto can change at any time, but realistically it's not that easy to disappear right away.