in the world of cryptocurrency investment, there is no safe, because the rise and fall of coin prices are determined by market demand, so if there is a lot of market demand then the price will be relatively stable and continue to increase.
That is right. As long as we know how to minimize the risk and prevent big risk, I think that will be fine for us. And if you don't trust Tether, you don't have to use Tether because there are many stable coins you can select. But remember, every stable coin will have advantages and disadvantages, so you need to search for yourself. 
Topic: DO NOT TRUST TO TETHER - page 6. (Read 928 times)
in the world of cryptocurrency investment, there is no safe, because the rise and fall of coin prices are determined by market demand, so if there is a lot of market demand then the price will be relatively stable and continue to increase.
DAI stablecoin is the best stable coin, can't be freeze or reclaim and also it's fully decentralized but USDT has the highest marketcap but still I'd prefer DAI of I'm planning to hold stablecoin for a long time
Though while at least DAI is unconfiscatable(at least for now), it's no way fully decentralized. I mean, the MarkerDAO project has a centralized team of developers. The team still solely makes the decisions. And not to mention that the stablecoin could potentially be debased by huge black swan events. Their sort of "loan-backed" system definitely also has it's problems.
I don't get why people hold tether anyway. It's not like it's going to moon like other cryptocurrency. At this point, it's better holding real fiats than holding tether. I personally only use it to be the medium of exchange for other cryptocurrency because of its volume and liquidity but that's it. The first thing I saw when I googled "Reason to hold tether (USDT) are reasons to discard it.
seems different in certain situations. I hold Fiat for every trade that I start every day. it's safer than storing altcoin which can lose its value at any time. the list of exchanges is very much. we can choose to convert them to any asset. almost all exchanges have it. this is not a matter of profit nominally, but we can see a better function.
DAI stablecoin is the best stable coin, can't be freeze or reclaim and also it's fully decentralized but USDT has the highest marketcap but still I'd prefer DAI of I'm planning to hold stablecoin for a long time
Most of my coins are not in tether because of their reputation in cryptocurrency industry, the government could easily have their ways to crumble them within some few minutes. Personally, I won't advise anyone to hold their portfolios in tether because the government are not involved in this coin existence, so, they could easily get the coin off it track. I for one don't trust tether for a bit and won't do likewise to other stablecoins.
I don't get why people hold tether anyway. It's not like it's going to moon like other cryptocurrency. At this point, it's better holding real fiats than holding tether. I personally only use it to be the medium of exchange for other cryptocurrency because of its volume and liquidity but that's it. The first thing I saw when I googled "Reason to hold tether (USDT) are reasons to discard it.
If you are looking for a trading pair with bitcoin, I don't have much faith in any stablecoin, but Tether is the worst of them all. Much preferable to just trade to actual fiat if you can.
Unfortunately Tether has the most liquidity in exchanges, significantly higher liquidity compared to even real USD trading pairs so most traders would be geared towards it by default.
I'm personally fine with trading Tether though, but one thing's for sure, I wouldn't damn to hold that crap for more than 24 hours.
I dont think USDT can be shutdown by government because its running on blockchain.
They might not be able to shutdown down USDT (the token), but they can definitely shut down Tether (the company), or Bitfinex/iFinex (the parent company). Doing so would cause thousands of USDT holders to immediately sell, which would cause a bank run and the value of USDT would plummet, since it isn't actually backed up 1-to-1 at all.If you are looking for a trading pair with bitcoin, I don't have much faith in any stablecoin, but Tether is the worst of them all. Much preferable to just trade to actual fiat if you can.
Not only holders will sell but rather it will cause the tether community into disarray. We have seen an example of this kind of event when the lead developer/CEO of the Centra Project was put to jail, the whole market collapse, and the token become worthless. The same thing will happen to Tether if that happens.
I would do the same and not trust all stablecoins since they have no difference. I would rather trade in actual fiat at least I am sure that I am holding the one that has "real" value.
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.
It is a known fact that the team is not that transparent with the holdings and hope you meant money laundering and it is possible that it could happen and if the authorities start to freeze their assets then the fall will be not that great as the entire market will come down along with it. I am using tether for short term holding of funds while trading but i wont trust them to hold for a longer period. 
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 right mate, the government will do such in a short time base in their nature of approach to cryptocurrency. They have attempted to can Bitcoin and wasn't able, so, they are likely to attack this stablecoin. We all know that, the dollars belonged to the United States government and they can act to it. Keep your coins far from this coin if you want to be safe while holding your portfolios. The Central Banks won't take it easy on these coins when time come, any action taken right now will save your actions against the bad days to come. 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.
Most of my coins are not in tether because of their reputation in cryptocurrency industry, the government could easily have their ways to crumble them within some few minutes. Personally, I won't advise anyone to hold their portfolios in tether because the government are not involved in this coin existence, so, they could easily get the coin off it track. I for one don't trust tether for a bit and won't do likewise to other stablecoins.
Monopoly on centralized crypto currencies is happening in the form form continuous tether printing, this is really bad in long term that is why people are advising about holding tether on you wallet, since it is not supposed to be a coin for holding and we are losing portfolio value by holding the stable coins.
I have already stated my various thoughts about Tether in both Turkish and global topics and emphasized that it is definitely not a reliable cryptocurrency. Here again, I would like to say that although Tether is reaching more trading volume every day, it is definitely not a reliable cryptocurrency and Tether is the most important factor in many global investors' reasons for not relying on the cryptocurrency markets.
In addition to these thoughts, I would like to add a translation of the message I wrote about Tether in Turkish here;
'' Although the USDT (Tether) is getting stronger day by day, I think that it will lose its dominance in the market someday because many investors do not trust this project even if they are using USDT (Tether). Besides, even though there is no money supply in the market, I do not believe that there is a reserve of $ 10 million. This project, which has already created serious confidence problems in the reserve, will dominate the market for a while, but unfortunately, my expectation is that this dominance will not continue. In addition, it should not be forgotten that to comment today, USDT (Tether) has become the leader of the crypto money markets in terms of transaction volume. ''
In addition to these thoughts, I would like to add a translation of the message I wrote about Tether in Turkish here;
'' Although the USDT (Tether) is getting stronger day by day, I think that it will lose its dominance in the market someday because many investors do not trust this project even if they are using USDT (Tether). Besides, even though there is no money supply in the market, I do not believe that there is a reserve of $ 10 million. This project, which has already created serious confidence problems in the reserve, will dominate the market for a while, but unfortunately, my expectation is that this dominance will not continue. In addition, it should not be forgotten that to comment today, USDT (Tether) has become the leader of the crypto money markets in terms of transaction volume. ''
I think the same thing that Tether cannot be 100% trusted, because there is a great power controlling it. Especially this tether
are very prone to scams occur, with very large volumes not a safe guarantee. Like banks in the real world, tether can also fall
suddenly one day. In conclusion, tether should be used only for pairing trading, not to make storage. Something that is centralized
very prone to scams, therefore I believe in bitcoin more because it has been proven decentralized.
are very prone to scams occur, with very large volumes not a safe guarantee. Like banks in the real world, tether can also fall
suddenly one day. In conclusion, tether should be used only for pairing trading, not to make storage. Something that is centralized
very prone to scams, therefore I believe in bitcoin more because it has been proven decentralized.
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 have told this to people countless times but they ignore me. Tether is run by a company, company that is run by people. I do not like it when things are centralized like this and I have been involved with crypto for more than 7 years now, I have seen plenty of high level stuff becoming a scam by saying "we got hacked", they always get away with it by saying "we got hacked" it has been the defense of every single exit scam in the entire crypto history.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.
Of course that means if Tether decides that they "got hacked" one day, they will be capable of running away with billions of dollars and there is really not much we can do about it. Which is why as long as it is centralized I will not trust any stablecoin ever, not just tether but no other stablecoin neither since none of them are ever decentralized.
I doubt any bank holding the funds knows that it's related to Tether.
Tether use an unheard of bank by the name of Deltec, which is conveniently located in the tax haven and generally sparsely regulated Bahamas.The only communication from this bank regarding Tether is the following letter dated around 2 years ago, which could have been written by a child, has an illegible signature and no name, and suspiciously talks about the "cash value" rather than the actual amount of money:
https://tether.to/wp-content/uploads/2018/11/Tether-Letter.pdf
I dont think USDT can be shutdown by government because its running on blockchain.
They might not be able to shutdown down USDT (the token), but they can definitely shut down Tether (the company), or Bitfinex/iFinex (the parent company). Doing so would cause thousands of USDT holders to immediately sell, which would cause a bank run and the value of USDT would plummet, since it isn't actually backed up 1-to-1 at all.If you are looking for a trading pair with bitcoin, I don't have much faith in any stablecoin, but Tether is the worst of them all. Much preferable to just trade to actual fiat if you can.
I didn't know that they can freeze your tether in whatever wallet it is, I have been using tether for a long time every time I trade if I want to trade later or just saving my time to watch for the market before converting it to bitcoin. I've seen some people calling it a scam yet it does not trigger any thing, but who the hell would hold tether tho? If this is a literal scam, an obvious one then why it is still running ?
So if you guys have tether in your account, better to switch it immediately, don't be it in your bed.
So if you guys have tether in your account, better to switch it immediately, don't be it in your bed.
People will argue the same way they make an excuse on why they leave funds on exchanges. "Why should I withdraw my funds? Binance/Coinbase/whatever is secure anyway". The same way with tether and most stablecoins. They will learn the hard way.
I have been advocating for the non-usage of stablecoins in general(probably besides when you're daytrading) for a while now. A lot of people are so unaware of the risks they're taking when holding most stablecoins.
Topic: PSA: Most Stablecoins Can Be Frozen, Even When in Your Own Wallets https://bitcointalksearch.org/topic/updated-psa-most-stablecoins-can-be-frozen-even-in-your-own-wallets-5204055
I didn't know that they can freeze your tether in whatever wallet it is, I have been using tether for a long time every time I trade if I want to trade later or just saving my time to watch for the market before converting it to bitcoin. I've seen some people calling it a scam yet it does not trigger any thing, but who the hell would hold tether tho? If this is a literal scam, an obvious one then why it is still running ? Topic: PSA: Most Stablecoins Can Be Frozen, Even When in Your Own Wallets https://bitcointalksearch.org/topic/updated-psa-most-stablecoins-can-be-frozen-even-in-your-own-wallets-5204055
So if you guys have tether in your account, better to switch it immediately, don't be it in your bed.
I dont think USDT can be shutdown by government because its running on blockchain. They need to shutdown all miners first. For security reason we can just HODL our coins without hedging anything to stable coins.
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 most people above agreed that USDT is a scam(same on me as well), but why there are traders still holding in it and used to trade in any exchange where USDT is accepted. So, how long traders still using this stable coin if this is scam and when those exchange delisted this coin if this scam?
Probably nobody can say they weren't warned.
For me, don't hold USDT as your asset in long term purpose, use this when you are trading only.
Probably nobody can say they weren't warned.
For me, don't hold USDT as your asset in long term purpose, use this when you are trading only.
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