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.
Topic: DO NOT TRUST TO TETHER - page 2. (Read 914 times)
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.
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.
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?
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.
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.
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.
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, 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.
although this project controversial, I don't think it's a problem for saving USDT
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.
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.
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.
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 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 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://bitcointalksearch.org/topic/m.54488969
https://bitcointalksearch.org/topic/m.54488969
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.
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.
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?
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!
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, 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.
although this project controversial, I don't think it's a problem for saving USDT
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.
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.
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.
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.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.
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.
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.
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?
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).
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.
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.
Jump to: