Topic: Is USDT Tether safe? - page 11. (Read 23470 times)
No it is not safe. This is a stable coin which we have no knowledge of what it's being backed with. Thees always a new print of the currency what drives its supply?
For me it's yes. I use usdt and I used it for long time. But there were many talk about tether and many gud. But it's the most popular and most used stablecoin in the market. Cause people are using it. So it's okay to me to go with usdt. But if you think it's not safe then chose others there are lots of stablecoin available. And you also can devide your asset and can use 3 or 4 stablecoin tooo.
Today I noticed that the circulating supply for Tether has increased very significantly. A few backs back, the total market cap for USDT was somewhere around $4.5 billion. When I checked coinmarketcap today, they were displaying a figure of around $6.4 billion. This sudden increase makes me even more suspicious. I have never trusted Tether, especially after the USDT-Bitfinex scandal.
Tether is safe to some extent especially when the crypto market is going through bearish season, majority of the people tends to tether in other to stop them from loosing much and so far it has been of great help. I have used USDT for a while now and it hasn't disappointed. But the main thing to understand is to always follow the thrend in Crypto i. e don't tether when there is Bull run
I can't say the coin is safe because as we can see government can come in and freeze their account. One thing I know is that people do not give Tether enough credit for the good they are doing in the space, we are people going to hid in time like this,moving in and out of the space would have gave more power to banks but Tether provide that safety in time of panic and I believe Tether is set to over take ripple in the third position on CMC. There is no stable coin in the space that compares to USDT none and is still growing strong, we need stable coins to be successful
USDT prints of the whales are one of their plans. I remember that once USDd was printed an additional 300 million and the price of bitcoin dropped from $ 10k2 to $ 3k7 in just 3 days. The whale's money-making move is very unpredictable, don't trust what it's doing.
About USDT, I do not believe it is one of the reputable stable money funds. whales are constantly making money without worrying about inflation. Sooner or later this is a scam coin and you should be careful in storing it too much.
About USDT, I do not believe it is one of the reputable stable money funds. whales are constantly making money without worrying about inflation. Sooner or later this is a scam coin and you should be careful in storing it too much.
Tether is basically like a corporate version of US dollars, both have no supply cap, and both keep printing as much as they want to improve liquidity,,, basically just a form of saying, if we need more, let us make more of it. They say they have audits and I have looked at one or two but none of it is transparent. So against the concepts of crypto these guys.
Just read an article about the amount of stable coin most of the exchanges have and if stable coin is banned these exchanges will be in big loss. So the days of stable coin will be over and no more corporate coins in the future.
USDT prints of the whales are one of their plans. I remember that once USDd was printed an additional 300 million and the price of bitcoin dropped from $ 10k2 to $ 3k7 in just 3 days. The whale's money-making move is very unpredictable, don't trust what it's doing.
About USDT, I do not believe it is one of the reputable stable money funds. whales are constantly making money without worrying about inflation. Sooner or later this is a scam coin and you should be careful in storing it too much.
About USDT, I do not believe it is one of the reputable stable money funds. whales are constantly making money without worrying about inflation. Sooner or later this is a scam coin and you should be careful in storing it too much.
Tether is basically like a corporate version of US dollars, both have no supply cap, and both keep printing as much as they want to improve liquidity,,, basically just a form of saying, if we need more, let us make more of it. They say they have audits and I have looked at one or two but none of it is transparent. So against the concepts of crypto these guys.
Today, the tether continues to print 250 million tether, raising the tether's market capitalization to more than $ 2.7 billion to reach the top 10 coinmarketcap. People say that every time a tether is printed, the bitcoin price increases because the tether pumped USDT onto the floor to push the bitcoin price. What do you think about this and keep the USDT safe?
USDT prints of the whales are one of their plans. I remember that once USDd was printed an additional 300 million and the price of bitcoin dropped from $ 10k2 to $ 3k7 in just 3 days. The whale's money-making move is very unpredictable, don't trust what it's doing.About USDT, I do not believe it is one of the reputable stable money funds. whales are constantly making money without worrying about inflation. Sooner or later this is a scam coin and you should be careful in storing it too much.
From the time when they admitted that they are really not fully backed by what they are claiming to have, I started not to trust this stable coin. It is like you are dealing with a stable coin that at anytime it will collapse. They should have been honest about their true assets to begin with. Now, are you really sure they are saying the absolute truth about their holdings? So just be careful in holding this for so long, you have no assurance if they can keep what they are supposed to be as stable coin.
https://www.newsbtc.com/2019/04/30/crypto-community-reacts-to-tether-admitting-usdt-not-fully-backed/
https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents
My opinion USDT is safe. Many people trading with USDT for easy profit. In coinmarketcap USDT rank is 4. Personally i have using it for short times. I suggest don't hold your usdt for long time.
Today, the tether continues to print 250 million tether, raising the tether's market capitalization to more than $ 2.7 billion to reach the top 10 coinmarketcap. People say that every time a tether is printed, the bitcoin price increases because the tether pumped USDT onto the floor to push the bitcoin price. What do you think about this and keep the USDT safe?
USDT prints of the whales are one of their plans. I remember that once USDd was printed an additional 300 million and the price of bitcoin dropped from $ 10k2 to $ 3k7 in just 3 days. The whale's money-making move is very unpredictable, don't trust what it's doing.About USDT, I do not believe it is one of the reputable stable money funds. whales are constantly making money without worrying about inflation. Sooner or later this is a scam coin and you should be careful in storing it too much.
Tether Market Cap Soars $2B Since March- Biggest Monthly Inflow Ever
While Tether (USDT) is currently the most popular stablecoin by far when it comes to trading volume and market capitalization, the latest Exchange Review from CryptoCompare shows that other stablecoin projects such as USD Coin (USDC), Paxos Standard (PAX) and TrueUSD (TUSD) have gained modest ground in the last few months, reducing USDT’s market share in monthly Bitcoin (BTC) volume traded into stablecoins from approximately 98% in July 2019 to 92% in March.
https://cointelegraph.com/news/tether-market-cap-soars-2b-since-march-biggest-monthly-inflow-ever
While Tether (USDT) is currently the most popular stablecoin by far when it comes to trading volume and market capitalization, the latest Exchange Review from CryptoCompare shows that other stablecoin projects such as USD Coin (USDC), Paxos Standard (PAX) and TrueUSD (TUSD) have gained modest ground in the last few months, reducing USDT’s market share in monthly Bitcoin (BTC) volume traded into stablecoins from approximately 98% in July 2019 to 92% in March.
https://cointelegraph.com/news/tether-market-cap-soars-2b-since-march-biggest-monthly-inflow-ever
Today, the tether continues to print 250 million tether, raising the tether's market capitalization to more than $ 2.7 billion to reach the top 10 coinmarketcap. People say that every time a tether is printed, the bitcoin price increases because the tether pumped USDT onto the floor to push the bitcoin price. What do you think about this and keep the USDT safe?
Though Tether is continuously positioning at rank number 4 yet the price remaining at 1$ so maybe the safe thing is indeed if you can wait for much even longer time from the investment period?Well, at the moment this is the only way I think it’s possible to store funds. Well, in rubles, I certainly would not). Although hearing about the endless print of dollars makes me think and get a little nervous. Actually for me this is also a difficult question.
yeah the news that US is creating more Dollars now means the low opportunity of profits for now.but for tether supporters?time can will come but not this soon,also the economic crisis is hindering everyone to make a good ROI these year.
I don`t think that this coin is absolutely safe, but it`s one of the most stable coins and I reckon that people can use it if they want do nothing on market in this economy situation, but I still prefer common fiat dollar to USDT
Agree with you that USDT is not really safe, its price may collapse if there is FUD like in 2019. But you may be a little confused about USD and USDT, basically both are the same together. The exchange rate between USD and USDT is always equal because USDT is guaranteed by USDAgree, in 2019 we have seen some negative rumors about the USDT coin, but later again the price of coin start reaching to the same value. Of course, now we are seeing there are many other stable coins which recently Binance exchange has been launching the stable coins.
I don`t think that this coin is absolutely safe, but it`s one of the most stable coins and I reckon that people can use it if they want do nothing on market in this economy situation, but I still prefer common fiat dollar to USDT
Agree with you that USDT is not really safe, its price may collapse if there is FUD like in 2019. But you may be a little confused about USD and USDT, basically both are the same together. The exchange rate between USD and USDT is always equal because USDT is guaranteed by USDWe can't know this, but there is a slight chance that usdt will collapse.
I personally think it won't happen anytime soon
Biggest Winner in Crypto Crash Is Most Controversial Coin
While crypto bellwether Bitcoin’s market capitalization has shrunk 37% since mid-February, Tether’s increased by 38%, or nearly $2 billion, according to researcher Messari.
https://www.bloomberg.com/news/articles/2020-04-01/biggest-winner-in-crypto-crash-is-most-controversial-coin
While crypto bellwether Bitcoin’s market capitalization has shrunk 37% since mid-February, Tether’s increased by 38%, or nearly $2 billion, according to researcher Messari.
https://www.bloomberg.com/news/articles/2020-04-01/biggest-winner-in-crypto-crash-is-most-controversial-coin
Well, at the moment this is the only way I think it’s possible to store funds. Well, in rubles, I certainly would not). Although hearing about the endless print of dollars makes me think and get a little nervous. Actually for me this is also a difficult question.
I don`t think that this coin is absolutely safe, but it`s one of the most stable coins and I reckon that people can use it if they want do nothing on market in this economy situation, but I still prefer common fiat dollar to USDT
You might be a little wrong, because a stable coin is absolutely safe to use, both for storing assets and for other things, and between fiat dollars and USDT is actually equally valuable and the value is the same between the two. USDT is the 1st usd backed crypto coin and for that reason it will always remain high on the list of USD based coins.
Not so sure if its really backed up by USD maybe those are their words but not from the US government. As far as I know they arent supported. So be careful, it is own by Bitfinex, so this still falls on hands of a private entity. No crypto has ever been backed up so far except those stablecoin. Also it will not change its stance for now.I don`t think that this coin is absolutely safe, but it`s one of the most stable coins.
Yes it is not totally safe so better to trade them as long as you need. We never know, it is owned by private company and whatever happens to them will likely affect the tether. Bitfinex has a lot of issues regarding tether and so far they didnt have any good response to some issues.
I don`t think that this coin is absolutely safe, but it`s one of the most stable coins and I reckon that people can use it if they want do nothing on market in this economy situation, but I still prefer common fiat dollar to USDT
USDT is the 1st usd backed crypto coin and for that reason it will always remain high on the list of USD based coins.
But in the past, it has come under some scrutiny as regards official claims of bitfinex
So i still prefer TrueUSD or BUSD i.e binance USD coin because binance has proven itself over & over again to be reputable and a pace setter in the crypto market.
But in the past, it has come under some scrutiny as regards official claims of bitfinex
So i still prefer TrueUSD or BUSD i.e binance USD coin because binance has proven itself over & over again to be reputable and a pace setter in the crypto market.
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