Topic: Is USDT Tether safe? - page 14. (Read 23491 times)
we should not be worried about this, but rather rejoice. USDT Tether is really safe, it will not disappoint you.
Yes Tether(USDT) is safe as of now but many people are really curious what will happen with Tether in the future as they keeps on printing new coin and dump it on the market. Someone says they might have violated some laws, I dont know if it is true or not but this action is not help on top of crypto industry, we all are being manipulated by some people.
USTD is doing a really big thing, so continuing to print 250 million tether will give them a much stronger growth. This job is really something I have been looking forward to for a long time. I will seize the opportunity
In my opinion, USTD printing an additional 250 million tether is of course a must to raise the market capitalization and make it into the top 10 coinmarketcap. USTD is safe and even worth the investment. 
in my opinion the usdt price tends to be stable, and I think it's safe and if we pay attention, the price chart of usdt is almost similar to the american dollar. so I think it's safe to keep.
USDT has never been devalued and is still considered to be the safest option of many investors in this market. Most people who enter this market will have to use USDT because this coin is considered the currency in the crypto market. Beside , UDST will be more convenient and faster if you use ERC-20 or TRC-20 platform.Of course, depending on the preferences of investors and USDT is considered the best stable coin in this market.
I think every time USDT prints more, the price of Bitcoin increases, which is a good thing, USDT is only for volatile transactions for Bitcoin and holding USDT for long is not recommended.
Is usdt tether safe ?
Yes, it is safe but it does not mean that your 1 usdt will remain 1 usdt.
Sometimes, when the bear market is struck, your 1 usdt could go as low as 0.9usdt or 0.8 usdt.
For me individually, the safest storage of profit that i know is your fiat bank account
Yes, it is safe but it does not mean that your 1 usdt will remain 1 usdt.
Sometimes, when the bear market is struck, your 1 usdt could go as low as 0.9usdt or 0.8 usdt.
For me individually, the safest storage of profit that i know is your fiat bank account
in my opinion the usdt price tends to be stable, and I think it's safe and if we pay attention, the price chart of usdt is almost similar to the american dollar. so I think it's safe to keep.
USDT has never been devalued and is still considered to be the safest option of many investors in this market. Most people who enter this market will have to use USDT because this coin is considered the currency in the crypto market. Beside , UDST will be more convenient and faster if you use ERC-20 or TRC-20 platform.Of course, depending on the preferences of investors and USDT is considered the best stable coin in this market.
in my opinion the usdt price tends to be stable, and I think it's safe and if we pay attention, the price chart of usdt is almost similar to the american dollar. so I think it's safe to keep.
Tether is fine, but I dunno why every once in a while a FUD campaign raises against it, and really, there's a probability that someday this thing damages the trust of people and your investment suffers. It already did it once, but thankfully USDT survived it.
If you want to hodl it for short time it's okay. For long time keeping I'm not sure though...
They are rumoured to recklessly print USDT while not having reserved fund though it's just a rumour but it will be better if they could prove the rumours wrong by auditing their reserved fund. The massive pump back then was rumoured to happen because tether printing massive amount of USDT aswell that's why some people are against this stablecoin because they think it's shady and untrustworthy. but unfortunately that accusation lacking the proof. I'm more in a neutral position though and rarely use that stablecoin. If you want to hodl it for short time it's okay. For long time keeping I'm not sure though...
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?
I AM LEGEND
material here
Tether nears $5 billion today, and no reasonable audit of actual $ yet produced.
The safety of every cryptocurrency depends on how you the user keeps your wallet. So far as your wallet has good secure security protocols, your crypto coin is safe. USDT is safe in terms of avoiding reduction in the value of the capital you used to purchased the coin. USDT has no volatility compared to bitcoin. In terms of value, USDT is very safe.
USDT is considered a Fiat in this market and the coin is only maintained at $1 so there is no risk if you choose to hold. As I know, almost all big coins use this pair and the demand for USDT is huge, so this is the best option to know exactly your current profitability. Beside, you can exchange USDT to your national currency at any time if you want.In addition, you can also consider holding TUSD or USDC because these are also two very good stable coins and can help you a lot in investing.
The safety of every cryptocurrency depends on how you the user keeps your wallet. So far as your wallet has good secure security protocols, your crypto coin is safe. USDT is safe in terms of avoiding reduction in the value of the capital you used to purchased the coin. USDT has no volatility compared to bitcoin. In terms of value, USDT is very safe.
But that is just one way to look at the issue, you are relying on a centralized party to back those coins with as many dollars, and during the past years there have been huge doubts about whether or not there is one dollar for every unit of tether and if for some reason people lose the confidence in that stable coin its value is going to begin to go down and most likely it will never recover and that is going to severally affect the price of most cryptocurrencies in the market especially bitcoin.
The safety of every cryptocurrency depends on how you the user keeps your wallet. So far as your wallet has good secure security protocols, your crypto coin is safe. USDT is safe in terms of avoiding reduction in the value of the capital you used to purchased the coin. USDT has no volatility compared to bitcoin. In terms of value, USDT is very safe.
I am still not convinced that USDt is safe. As far I have red, they havent proved their legitimacy.
We have only seen negative proof in media and forums about their impact , they are very secretive and have been for years this indicates that there is shady bussines going on behind the curtian.
prehisto check the new stablecoin Monero Dollar (#xmrd) which is a secure, decentralized, private, untraceable Stablecoin https://bitcointalksearch.org/topic/m.53512987 We have only seen negative proof in media and forums about their impact , they are very secretive and have been for years this indicates that there is shady bussines going on behind the curtian.
The only real question you should ask about tether is: do they have the $ they represent with their token?
On web archives you can see in 2016 they claimed to have, and I think at the time they probably held atleast 90% of value represented by the token.
2016: "Every tether is always backed 1-to-1, by traditional currency held in our reserves. So 1 USD₮ is always equivalent to 1 USD."
In 3 short years they learned some traditional banking tricks, and this is what their website now states:
2019: "Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, “reserves”)."
So basically they have a safe full of IOUs, that all probably look something like an unsigned piece of paper saying "Bitfinex owes tether 1 billion $".
You could argue that this works because there is trust in the system, and banks do the same anyway... but the major difference is that the STATE will bail out a major bank in case of a disaster and will protect its clients.
Will Bahamas bail out tether when shit hits the fan?
On web archives you can see in 2016 they claimed to have, and I think at the time they probably held atleast 90% of value represented by the token.
2016: "Every tether is always backed 1-to-1, by traditional currency held in our reserves. So 1 USD₮ is always equivalent to 1 USD."
In 3 short years they learned some traditional banking tricks, and this is what their website now states:
2019: "Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, “reserves”)."
So basically they have a safe full of IOUs, that all probably look something like an unsigned piece of paper saying "Bitfinex owes tether 1 billion $".
You could argue that this works because there is trust in the system, and banks do the same anyway... but the major difference is that the STATE will bail out a major bank in case of a disaster and will protect its clients.
Will Bahamas bail out tether when shit hits the fan?
as far as I know USDT or Tether is a stable and rising coin and the fall in the price of this coin depends on rising dollar prices. so I think if you want to invest safely about the value of your investment, like USDT coins or Tether is a good coin for your choice.
I am still not convinced that USDt is safe. As far I have red, they havent proved their legitimacy.
We have only seen negative proof in media and forums about their impact , they are very secretive and have been for years this indicates that there is shady bussines going on behind the curtian.
We have only seen negative proof in media and forums about their impact , they are very secretive and have been for years this indicates that there is shady bussines going on behind the curtian.
The current Tether is still very safe because nearly all of the exchange platforms are listing USDT, but it is facing competition from other stablecoins that have more transparency like TUSD, USDC, PAX. Even exchanges also launch their own stablecoins like USDK of OKex, HUSD of Houbi. What if the big exchanges left USDT?
Tether is fine, but I dunno why every once in a while a FUD campaign raises against it, and really, there's a probability that someday this thing damages the trust of people and your investment suffers. It already did it once, but thankfully USDT survived it.
If you want to hodl it for short time it's okay. For long time keeping I'm not sure though...
I think this problem occurs every year and every time there is news related to Tether will make this market price increase. In my opinion, the USDT inflation has now been resolved and the purpose of USDT is definitely to make the market better in the near future. I personally prefer to hold USDT as this is the only way for me to know for sure my profit in this market and it is worth as much as Fiat.If you want to hodl it for short time it's okay. For long time keeping I'm not sure though...
In fact a lot of people want to overthrow this stablecoin but USDT is the only coin that can cause Bitcoin to rise in price.
Jump to: