Do you trust Tether? - page 5. | Bitcointalksearch.org

Tilbrook007

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Quote from: Jansaa on April 02, 2018, 05:30:07 AM

Quote from: Tilbrook007 on April 02, 2018, 01:43:07 AM

I don't. How they get away with the way they run their business is unbelievable.
Tether could potentially destroy the market if the American government pursue this matter.

https://btcmanager.com/summary-on-tether-and-where-were-at/

I do not trust all times, always switch to USDT to reduce the price and exchange with other types of coin!

Good idea...do not trust Tether. If this Tether situation ignites they will be worth ZERO along with all the other coins in the market

djsugar

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The Tether scam has been building for quite a time now. Tether is a base for whole crypto market. Its collapse can ruin the Bitcoin market. The huge amount of tether printing in December was considered as the main reason for Bitcoin pump. Recently, the $300 million of tether printing was expected to boost the market condition. But this has brought the Bitfinex again under scrutiny. During the last research, they were able to prove the backing fund. But now the security officials have gone more stringent as direct involvement of dollars has been a major concern for US officials.

Jansaa

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Quote from: Tilbrook007 on April 02, 2018, 01:43:07 AM

I don't. How they get away with the way they run their business is unbelievable.
Tether could potentially destroy the market if the American government pursue this matter.

https://btcmanager.com/summary-on-tether-and-where-were-at/

I do not trust all times, always switch to USDT to reduce the price and exchange with other types of coin!

Tilbrook007

jr. member

Activity: 294

Merit: 3

The article states:

"Based on what you can see above, the panic and insolvency that would ensue will (not could, will) cripple the whole cryptocurrency market."

The Tether saga is a sleeping giant for the moment and if it awakens the market will be in ruins.

Institutional investors will not get involved in a market place that has something like this in the background.

Docbee

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I totally trust it, there has been a lot of rumors around it but yet it remain strong and hardly dip like other altcoin during a dip. Their team a great.

StickySteeez

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Yes, I do trust USDTether. I even heard that they passed some of the audits required. It would, besides that, not be in their interest to conduct illegal activities. They are earning serious amounts of money and I do not see why they would want to break that down.

BitcoinTurk

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Certainly not, like every subcontract, Tether is a subcoin, and it is certainly not as safe as it is said to be. The USDT parity is unnecessary when there is a USD parity. Keeping your investments with the Tether is not a mental task, but what happens is not known. It is also not safe to see the stealing of the news on the market arbitrarily.

olsyd

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No, I don't believe that Tether can provide the number of released tokens, it is a great chance that Tether bubble sometime will burst

tachi641

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I don't trust Tether. But if you want you can keep some money and try.

slaman29

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About as much as I trust any fiat currency, to be honest. Which in reality means, I use it if I have to, but I don't hold on to it for longer than I need. They're almost the same thing, in my view, one pegged to the other. Both can and always regularly are created out of thin air. Got to "respect" their audacity I suppose. And as long as we keep using Tether, I guess we can only grumble as we feed the system. We can pretend to be against something but if we use it, we should not get too uptight.

bazar111

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I think almost all crypto traders know that Tether ( USDT ) is scam coin, and in future something terrible can happen to it). That's why, Bittrex listed another coin, named TrueUSD, you d better to buy it.

Nunoluck

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Quote from: Tilbrook007 on April 02, 2018, 01:43:07 AM

I don't. How they get away with the way they run their business is unbelievable.

Yes I trust Tether, all theters are munted and burned automatically through smartcontract. But sometimes it price still fluctuates but mostly stable. Investors are pretend all cryptocurrency as investment now so most of them are still interested in volatile cryptocurrency.

Reez

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I don't trust them nor should anyone hodl large amounts of money in USDT. But for small amounts I think Tether is pretty useful. Also so much money into the hands of a single company is very risky and whenever something goes wrong it is going to be catastrophic.

michael shikany

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In fact, I think the USDT issued by Tether is trustworthy.
Because when the bear market comes, most of the tokens are going down, and the value of the USDT is not going to go down because of the volatility of the market.

Tilbrook007

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Activity: 294

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Quote from: pumpmydump on April 02, 2018, 02:45:07 AM

I remember people saying Tether was shady in the poloniex trollbox one full year ago ... the fact they don't redeem tethers for USD ... the fact they don't prove they have in their reserves as many USD as tethers and that they don't use that reserve for anything else ...

And then there is the fact they cut ties with their auditor (or was it the other way around?) despite promising a full audit for a year ... the fact there is a correlation between tether printing and BTC price pumps ... the fact they can print Tethers at will and use them to prop up the whole market ... the fact they received a subpoena from the SEC a few months back ... the fact the Bitfinex heads have been involved in shady stuff in the past ...

When the whole thing blows up, people will rush to sell their Tethers en masse, if you're among the first then you will get a good price for them, if you're not soon after almost no one will want to buy your Tethers and you'll be left with worthless tokens, billions evaporating in an instant. You're much better off holding fiat than Tethers, and if you can't have fiat then rather put it in genuinely promising coins not built on hype and stop looking at the prices

WELL SAID, Tether could potentially level the crypto market. Do you think the SEC will hunt them down?

pumpmydump

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I remember people saying Tether was shady in the poloniex trollbox one full year ago ... the fact they don't redeem tethers for USD ... the fact they don't prove they have in their reserves as many USD as tethers and that they don't use that reserve for anything else ...

And then there is the fact they cut ties with their auditor (or was it the other way around?) despite promising a full audit for a year ... the fact there is a correlation between tether printing and BTC price pumps ... the fact they can print Tethers at will and use them to prop up the whole market ... the fact they received a subpoena from the SEC a few months back ... the fact the Bitfinex heads have been involved in shady stuff in the past ...

When the whole thing blows up, people will rush to sell their Tethers en masse, if you're among the first then you will get a good price for them, if you're not soon after almost no one will want to buy your Tethers and you'll be left with worthless tokens, billions evaporating in an instant. You're much better off holding fiat than Tethers, and if you can't have fiat then rather put it in genuinely promising coins not built on hype and stop looking at the prices

xbiv2

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exit SCAM soon

Tilbrook007

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Quote from: asriloni on April 02, 2018, 02:28:36 AM

Quote from: Tilbrook007 on April 02, 2018, 01:43:07 AM

I don't. How they get away with the way they run their business is unbelievable.

Until tether can prove the reserve funds to backed tether token and I will never trust tether company. How company just released another 300 millions tether just in some months. Man there is no difference between tether company and bankers that always printed fiat money anytime.

Does it seem good for you?

Just waiting for the result of audit from bitfinex to the tether company.

I am with you on what you say. The directors of Tether are answerable to many questions. I would not want to be in their shoes.

asriloni

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Quote from: Tilbrook007 on April 02, 2018, 01:43:07 AM

I don't. How they get away with the way they run their business is unbelievable.

Until tether can prove the reserve funds to backed tether token and I will never trust tether company. How company just released another 300 millions tether just in some months. Man there is no difference between tether company and bankers that always printed fiat money anytime.

Does it seem good for you?

Just waiting for the result of audit from bitfinex to the tether company.

Tilbrook007

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Quote from: azalea69 on April 02, 2018, 01:54:16 AM

Quote from: Tilbrook007 on April 02, 2018, 01:43:07 AM

I don't. How they get away with the way they run their business is unbelievable.

it could be with them having a good strategy with the coins they have. most of them are preparing a strategy for each coin. so they are relaxed with all the circumstances.

I think you missed the point

Topic: Do you trust Tether? - page 5. (Read 1217 times)