Topic: DO NOT TRUST TO TETHER - page 4. (Read 901 times)
Over and over again, I will still maintain my stand on stablecoins which is, holding them is a very bad idea not that it even grows. Stablecoins are only better for trading and/or during bear market to be on the safer side, anything else than this, which is holding for long is not advisable in my own opinion. Also, the fact that Tether is centralized is a huge concern because anything can happen; yes it is growing everyday with huge users but the government ( or central bank) can still play their cards to disrupt everything, hence let everyone in the crypto space be extremely careful and trade very cautiously when it comes to stablecoins starting with Tether.
Tether may not look legitimate to many forum members but for the sake of helping in time of volatility should be applause. Many would have Loo's their portfolios but with the help of tether things are not bad with them. Some how, I still trust on tether because it help me with less lose. Though, I won't allow anyone to hold some huge sum of tether on their wallets because of it possibility of disappearance from the radar.
its well supported and most used than DEX stablecoin projects, I have no issue with USDT, it's my favorite and I tend to keep it that way
Only the crypto currency exchange site supported the coin, it not even all exchange sites and you can hardly see a personal wallet holding the coin.Why do you think that TETHER is not reliable? l don't agree with your opinion on that, your opinion is not enough to say that Tether is unbelievable or we must not trust to TETHER. l don't deny these facts that Tether has a lot of disadvantages like this coin is just centralized. But no doubt there are just some people hold this coin.
A coin being highly and extremely centralized IS a huge risk and disadvantage though. Yes to be fair,,, most altcoins are centralized but at least they have efforts to slowly decentralize with more and more nodes being added, less and less governance being in the hands of the few but with Tether, you have absolute centralization with almost no transparency.
Why do you think that TETHER is not reliable? l don't agree with your opinion on that, your opinion is not enough to say that Tether is unbelievable or we must not trust to TETHER. l don't deny these facts that Tether has a lot of disadvantages like this coin is just centralized. But no doubt there are just some people hold this coin.
A coin being highly and extremely centralized IS a huge risk and disadvantage though. Yes to be fair,,, most altcoins are centralized but at least they have efforts to slowly decentralize with more and more nodes being added, less and less governance being in the hands of the few but with Tether, you have absolute centralization with almost no transparency.
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 have a good point and this can be done also by inside job because there are large Money inside tether now and this can be a good target.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.
Lucky for me that i really don't like a stable currency thats why there is no chance of me investing in tether even n future.
how about other Stablecoin, tether are audited by regulator and managed by big company, i don't think you're argue is valid
actually Op is only giving us warning,yeah why not this can be happen in other stable coin in future?nothing of us certain about everything until it happen. Tether is becoming more and more valuable as it is heavily printed in the market for manipulation and this will likely cause the USDT's value to decline due to inflation. Besides, USDT seems to be printing unconsciously. Money is always printed every day and there is no evidence that USD has been deposited into Tether's fund. I suspect that USDT was created by whales and they are willing to manipulate value and quantity to easily manipulate the whole market. What do you think guys?
I think your theory is believable and probably has some real evidence to it, however we can't be 100% sure until they'll get busted.I'm pretty sure there are a lot of people who watches after tether's every move and their partners' too, so its only a matter of time when they'll get busted IF they were cheating in the first place
Tether is becoming more and more valuable as it is heavily printed in the market for manipulation and this will likely cause the USDT's value to decline due to inflation. Besides, USDT seems to be printing unconsciously. Money is always printed every day and there is no evidence that USD has been deposited into Tether's fund. I suspect that USDT was created by whales and they are willing to manipulate value and quantity to easily manipulate the whole market. What do you think guys?
Tether gave their words that they will be backed by USD, but what's their current situations now? what is their peg price? USDT is failed to keep their words and not 100% backed by actual dollars. For this reason, I do not like USDT, but I don't think the USDT market will be collapsed, cause it has huge users and market capitalizations is stronger too.
Same thought! I don't think either USDT or Tether is backed by real fiat money (USD) 100%. Despite the stability of USDT and Tether, they're vulnerable to be manipulated by the global economy. The proof is that when the pandemic comes, the global economy is extremely affected and collapsed. That leads to the decreasing value of USDT and Tether. legendary
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Tether gave their words that they will be backed by USD, but what's their current situations now? what is their peg price? USDT is failed to keep their words and not 100% backed by actual dollars. For this reason, I do not like USDT, but I don't think the USDT market will be collapsed, cause it has huge users and market capitalizations is stronger too.
how about other Stablecoin, tether are audited by regulator and managed by big company, i don't think you're argue is valid
Some people may not believe it again after tether has stated if they were not fully backed by the dollars. I know even some people were accusing this has a backdoor to frozen the user's amount. This is more than a year i have been using tether and so far i never encounter any problem even i leave it on my cold wallet.
how about other Stablecoin, tether are audited by regulator and managed by big company, i don't think you're argue is valid
Some people may not believe it again after tether has stated if they were not fully backed by the dollars. I know even some people were accusing this has a backdoor to frozen the user's amount. This is more than a year i have been using tether and so far i never encounter any problem even i leave it on my cold wallet.
how about other Stablecoin, tether are audited by regulator and managed by big company, i don't think you're argue is valid
For analysis of other stablecoins, you can see the information from @mk4's thread here: Most Stablecoins Can Be Frozen, Even When in Your Own Wallets. I think @mk4's thread described them very clearly and he also explained it with proofs. Anyway, OP has stated that he didn't try to blame Tether developers but he just worried that Tether can be manipulated by Central bank mafia. Please, read again on OP above!! 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 tether isn't facing any threat now and going by there recent updates, they are very much still in game. I think the only turn down to the usage of tether is the fact that regulators can set an unfavourable rules against them but that's a threat being face by every stablecoins out there so you topic would have been more appealing if at all it was focused on all the stablecoins instead of just tether
how about other Stablecoin, tether are audited by regulator and managed by big company, i don't think you're argue is valid
Why do you think that TETHER is not reliable? l don't agree with your opinion on that, your opinion is not enough to say that Tether is unbelievable or we must not trust to TETHER. l don't deny these facts that Tether has a lot of disadvantages like this coin is just centralized. But no doubt there are just some people hold this coin.
Everyone is scared of centralization in crypto space but every where I turn to in crypto space centralized projects are doing better, for example the best exchanges in crypto space are centralized exchanges, dex aren't even close.
The last time i checked centralized project never flourish than decentralized project and the best exchanges you used as an example operate in semi centralize way. Usdt is centralized, accepted but its well supported and most used than DEX stablecoin projects, I have no issue with USDT, it's my favorite and I tend to keep it that way
Tether was supported the most supported years ago before their scam activities was exposed by the NYC Attorney and despite that no proper audit was done, so i dont see any reason for genuine crypto enthusiast should see it as a favorite stablecoin cause nothing will stop them from scamming people as before and i hope you wont blame yourself in the future if you still intent hold it. hero member
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FUD like this is harming the industry. Without tether it will collapse. Do you know about it volume?
This is totally not a FUD because Tether never provided a genuine audit showing their reserve funds and what they provided is digits without any evidence. However, i dont see any reason why this will harm crypto industry because Tether is not the only trading pair stablecoin will have in the market. 
Eventually there will be a moment when tether can't sustain of selling all the tether they are printing out and won't be able to sell it to the market prices and just get money back, but they will be failing at repaying people who want to cash out as well, so that means they will agree that they are a fake company that doesn't have the money they claim they do.
All of this will cause a 10 billion dollar drop in the market, it is going to create so much shock that everything will fall, not just alts or tether but bitcoin as well. This is why I have kept saying that XRP and Tether are two companies who will cause crypto markets to be destroyed one day. Of course, we will rebuild it better but as long as companies make profits from the gullible people in the market, the risk will continue and it will become bigger as well.
All of this will cause a 10 billion dollar drop in the market, it is going to create so much shock that everything will fall, not just alts or tether but bitcoin as well. This is why I have kept saying that XRP and Tether are two companies who will cause crypto markets to be destroyed one day. Of course, we will rebuild it better but as long as companies make profits from the gullible people in the market, the risk will continue and it will become bigger as well.
Everyone is scared of centralization in crypto space but every where I turn to in crypto space centralized projects are doing better, for example the best exchanges in crypto space are centralized exchanges, dex aren't even close. Usdt is centralized, accepted but its well supported and most used than DEX stablecoin projects, I have no issue with USDT, it's my favorite and I tend to keep it that way
Honestly, I only believe in BTC, as we know that in the cryptoqurrency industry offering thousands of new coins or altcoins, as investors we must be wiser before investing here. related to USDT I think it's better to use it only for necessity, stable coins have a fixed price and are better suited for trading.
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