that is why i have never used Tether in my life, despite wanting to do it so much. i am always scared of its price, there is nothing really guaranteeing its price and it can go down from being worth $1
back in August when bitfinex was hacked and everything turned into shit, USDT price went down to $0.96 easily and stayed there for a couple of days.
who is to say it is not going to do that again, another exchange may get hacked like poloniex, heck it may even be bitfinex again.
Topic: how many people here are using tether? - page 2. (Read 1557 times)
https://tether.to/faqs/
Seems to cover mos of the main topics about USDT.
'Tethers are new assets that move across blockchain just as easily as other digital currencies. Tether currencies are not money, but are digital tokens formatted to work on blockchains. Tethers hold their value at 1:1 to the underlying assets.'
So you can only ever trade in a USDT for 1USD, so it can't be worth more than 1USD. It won't be worth less either, otherwise you can buy then for less than 1 USD and sell them for 1USD. I think that is how it works.
Seems to cover mos of the main topics about USDT.
'Tethers are new assets that move across blockchain just as easily as other digital currencies. Tether currencies are not money, but are digital tokens formatted to work on blockchains. Tethers hold their value at 1:1 to the underlying assets.'
So you can only ever trade in a USDT for 1USD, so it can't be worth more than 1USD. It won't be worth less either, otherwise you can buy then for less than 1 USD and sell them for 1USD. I think that is how it works.
This coin was always a mystery for me. Really can't understand it. How can you maintain a price with people buying and selling by the second.
If someone could explain it in a simple way, like I'm really really dumb, I would highly appreciate it.
And how safe it is to own it on bittrex and poloniex
If someone could explain it in a simple way, like I'm really really dumb, I would highly appreciate it.
And how safe it is to own it on bittrex and poloniex
I use tether sometimes, it is just a nice way to trade into fiat, without trading into fiat.
I think they will manage to weaken or strengthen tether back to 100c, it isn't supposed to be perfect all the time, but it has to return to the level of the USD.
Looking at cryptocoincap it is currently $0.999440, looking at the chart it is always very close. Seems good enough to me.
I think they will manage to weaken or strengthen tether back to 100c, it isn't supposed to be perfect all the time, but it has to return to the level of the USD.
Looking at cryptocoincap it is currently $0.999440, looking at the chart it is always very close. Seems good enough to me.
Does anyone read the fine print?
Crypto needs a pegged $ / portable / token.
The exchanges themselves need to manage (fund the cost of slippage prevention). It is to their benefit in trade fees.
The thing can scale, but it needs more LLP participants, lockin in blocks of $50k / $100k / $500k, some legalese, notary and audit agents.
not made to gain or loss profit
made to simplify the buying of cryptocurrency
Piece of cake.
Crypto needs a pegged $ / portable / token.
The exchanges themselves need to manage (fund the cost of slippage prevention). It is to their benefit in trade fees.
The thing can scale, but it needs more LLP participants, lockin in blocks of $50k / $100k / $500k, some legalese, notary and audit agents.
not made to gain or loss profit
made to simplify the buying of cryptocurrency
Piece of cake.
I ever heard but not too pay attention with that coin, the coin is always around 1$ and there no big swing, it is one of the most stable alt coin I ever seen, but because of this, it is not too profitable to trade using it
this coin was not made to gain or loss profit. it was made to simplify the buying cryptocurrency without undergoing different procedures.you can say it is like a paypal or any other virtual wallet but it is secured by cryptography that's why poloniex and bittrex use it. 
I ever heard but not too pay attention with that coin, the coin is always around 1$ and there no big swing, it is one of the most stable alt coin I ever seen, but because of this, it is not too profitable to trade using it
i think tether user is very low
and not all country can get register and use tether.io, in my country not supported if registe tether.io
in 2016 tether io only support 2 exchanger bitfinex and poloniex
and not all country can get register and use tether.io, in my country not supported if registe tether.io
in 2016 tether io only support 2 exchanger bitfinex and poloniex
hardly anyone is bothering to register with tether themselves.
if you hadn't noticed bitfinex and poloniex are the biggest exchanges in the world in their respective areas and tether is one of the main options on both of them.
i think tether user is very low
and not all country can get register and use tether.io, in my country not supported if registe tether.io
in 2016 tether io only support 2 exchanger bitfinex and poloniex
and not all country can get register and use tether.io, in my country not supported if registe tether.io
in 2016 tether io only support 2 exchanger bitfinex and poloniex
Damn, loads of people are using Tether to hold their coins through all the instability right now. If it properly fails it would cause a huge drop in the Bitcoin price along with Bittrex.
and are you fully aware of what's going on with it?
if not then you should get with the plan. the peg on kraken is now slipping. it's currently 96.99c to the dollar.
as ever, another pegged coin don't peg no more. i hope its shit gets sorted out but once again depending on a third party fails to pay off.
if not then you should get with the plan. the peg on kraken is now slipping. it's currently 96.99c to the dollar.
as ever, another pegged coin don't peg no more. i hope its shit gets sorted out but once again depending on a third party fails to pay off.
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