DO NOT TRUST TO TETHER | Bitcointalksearch.org

Police Indo

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Quote from: Rafiqul on July 23, 2020, 09:47:00 AM

Quote from: ttcsalam on July 20, 2020, 05:56:03 AM

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"securing here means not long, only a short time after that assets are withdrawn / traded / invested again"

Anonymous100

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Quote from: alexey14 on June 27, 2020, 05:00:31 PM

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.

Rafiqul

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Quote from: ttcsalam on July 20, 2020, 05:56:03 AM

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.

lixer

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Quote from: alexey14 on June 27, 2020, 05:00:31 PM

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.

sana54210

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Quote from: Vishnu.Reang on July 20, 2020, 04:33:31 AM

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 Grin

.

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.

Quote from: ?? on ??

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.

Diamond_Darrell

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Quote from: ?? on ??

Quote from: alexey14 on June 27, 2020, 05:00:31 PM

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

ttcsalam

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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.

Vishnu.Reang

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Quote from: r32godzilla on July 19, 2020, 04:17:03 PM

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.

wozzek23

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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.

r32godzilla

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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.

FLHippy

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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. Roll Eyes

Diamond_Darrell

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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

gaston castano

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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.

pixie85

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Quote from: ?? on ??

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. Grin

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

inoes

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United Crowd

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.

husencoe

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Quote from: alexey14 on June 27, 2020, 05:00:31 PM

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.

qigong13

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Quote from: jrrsparkles on July 09, 2020, 01:08:14 AM

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.

pixie85

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Quote from: GREENch on July 08, 2020, 02:39:33 PM

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. Wink

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

jrrsparkles

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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.

GREENch

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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)

Topic: DO NOT TRUST TO TETHER (Read 914 times)