For me it is so very risky. It is not advisable to hold USDT specially in a long term investment. Actually all of crypto is risky specially USDT this is only back up and unlike bitcoin USDT nothing proves it's power yet. So for me even bitcoin will suffer in dump situation I will still trust and invest in BTC rather than USDT. But remember that nothing is safe in this industry.
You cannot compare bitcoin and a so called stable coin which is not transparent, the entire market is created because of bitcoin and you cannot trust the rest of the coins, but bitcoin is here to stay and if you are investing in bitcoin and do not make stupid decisions no one will end up in a loss. USDT is already under investigation because of their business practices and as you said it is not safe as you never know when the USDT market will vanish to zero. 
Topic: Is USDT Tether safe? - page 19. (Read 23520 times)
I personally do not trust tether, there are other better options on the market such as tusd for example.
I think USDT is a fairly secure cryptocurrency. Based on a real capital in dolar. This coin is stable and helps traders and investors. But the market has not yet experienced a complete collapse, so no one knows if the USDT crisis will survive.
Show me where it is backed by real $
They admit themselves its not.
There used to be an allegation on USDT that they don't have the funds to back up the coin until sometime around June, last year when an audit was conducted and it was announced that USDT had the necessary funds to back up the coin. With this, I can say that to a large extent, USDT is safe and can be relied upon.
STOP LYING...show us where it was announced the Audit links then?USDT has NEVER been audited....in 5 years 0 audits.
They were in Court recently and clearly admitted they only have around 75% backed and even that is not with realfiat, but a mixture of assets.
Also nobody knows where the 75% assets backing came from.
USDT is printed from thin air by scammers and backed with lies.
I think USDT is a fairly secure cryptocurrency. Based on a real capital in dolar. This coin is stable and helps traders and investors. But the market has not yet experienced a complete collapse, so no one knows if the USDT crisis will survive.
USDT is very safe, but not for investment, because these coins tend to be stable, making it less suitable for long-term investing or short-term trading. USDT will be more useful for securing our assets temporarily. if you trade and want to secure your profit, save it temporarily in USDT, and then you can use it to buy coins again
NO please do not do this, the day is not far when tether drops to its real price 0...dont fall asleep holding this scam, or you will wake up oneday broke.Only use real fiat exchanges and trade coins for real fiat.
There used to be an allegation on USDT that they don't have the funds to back up the coin until sometime around June, last year when an audit was conducted and it was announced that USDT had the necessary funds to back up the coin. With this, I can say that to a large extent, USDT is safe and can be relied upon.
I think USDT is as safe as any other Cryptocurrency from Top 10 (except that it is stable)...
And it is possible that it could collapse or even disappear...
So, I think it is not so safe as fiat...
And it is possible that it could collapse or even disappear...
So, I think it is not so safe as fiat...
As Lisa Abramowicz of Bloomberg Radio reports, William Quigley, both the CEO of WAX and the Co-founder of Tether, believes that having the exact amount of USD reserves to back USDT is not that important. In fact, what is important is that investors believe it is worth $1.
In case any of this is true, then we should avoid USDT like plague. I would never trust any of the stablecoins. They are diametrically opposite to the idea of decentralized cryptocurrencies. Linking the cryptocurrency technology with fiat currency is never going to work. Take Bitcoin for example. The advantage with Bitcoin is that you are capable of storing your money by yourself. That is not applicable for USDT. You may be holding the tokens, but the real money is being held by someone else.
https://beincrypto.com/tether-co-founder-it-doesnt-really-matter-if-usdt-backed-by-equal-amount-of-dollars/
The whole crux of the Tether controversy rests on the fact that the leading stablecoin likely is not backed by what it claims to have in reserves. With the Tether Treasury minting more USDT on a semi-consistent basis, it may feel like a lot of USDT is just some hot air based on ‘trust.’ However, in a shocking admission by the co-founder of Tether, that may just be all there is to it.
As Lisa Abramowicz of Bloomberg Radio reports, William Quigley, both the CEO of WAX and the Co-founder of Tether, believes that having the exact amount of USD reserves to back USDT is not that important. In fact, what is important is that investors believe it is worth $1.
The whole crux of the Tether controversy rests on the fact that the leading stablecoin likely is not backed by what it claims to have in reserves. With the Tether Treasury minting more USDT on a semi-consistent basis, it may feel like a lot of USDT is just some hot air based on ‘trust.’ However, in a shocking admission by the co-founder of Tether, that may just be all there is to it.
As Lisa Abramowicz of Bloomberg Radio reports, William Quigley, both the CEO of WAX and the Co-founder of Tether, believes that having the exact amount of USD reserves to back USDT is not that important. In fact, what is important is that investors believe it is worth $1.
As for me, USDT is safe, I often use it and it suits me completely like steyblkoin, but on the other hand I hear a lot of negativity in its direction
Tether can be used for short-term storage of funds when there is no desire or opportunity to go to fiat. I would not use USDT as the main currency for long-term storage.
If you have no desire or opportunity to go to fiat, then prepare to be REKT.Holding USDT risk is now the highest it has ever been...same goes for having funds on exchanges that offer no fiat options.
Tether can be used for short-term storage of funds when there is no desire or opportunity to go to fiat. I would not use USDT as the main currency for long-term storage.
Tether isn't safe
It doesn't have any backing whatsoever
It's price isn't dependent on anything
There's no supply cap rather it gets printed from time to time.
It doesn't have any backing whatsoever
It's price isn't dependent on anything
There's no supply cap rather it gets printed from time to time.
When the USDT tether printer switches off, expect Bitcoin and the whole crypto market to drop Minimum 10x.
Tether has never been audited and they admit its not backed by 1-1 real dollars.
They admit USDT is up to 75% backed by a mix of assets.
"reserves, which include traditional currency and cash equivalents and, from time to time,other assets and receivables from loans made by Tether to third parties."
Aside from inflating the crypto market, USDT offers alot of fake buy support, keeping prices high.
When the buy support gets shut down, liquidity buy side will disappear and almost everyone will make huge losses.
Tether scam will make all crypto look like a scam as most do not understand the difference....
Many Tether backed exchanges will go off aswell, taking users coins/funds.
So no, Tether is not safe and we are all at risk more now than ever before thanks to Tether and its friends.
Long term once USDT is shut down, Stablecoins will be replaced with CBDC.
Tether has never been audited and they admit its not backed by 1-1 real dollars.
They admit USDT is up to 75% backed by a mix of assets.
"reserves, which include traditional currency and cash equivalents and, from time to time,other assets and receivables from loans made by Tether to third parties."
Aside from inflating the crypto market, USDT offers alot of fake buy support, keeping prices high.
When the buy support gets shut down, liquidity buy side will disappear and almost everyone will make huge losses.
Tether scam will make all crypto look like a scam as most do not understand the difference....
Many Tether backed exchanges will go off aswell, taking users coins/funds.
So no, Tether is not safe and we are all at risk more now than ever before thanks to Tether and its friends.
Long term once USDT is shut down, Stablecoins will be replaced with CBDC.
Remember Bitfinex/USDT MUST hand in all requested documents by the NYAG regarding USDT before 14th Oct 2019
IMO
Do not hold any USDT.
Do not trade on USDT only exchanges.
If you have profits just now...take them.
If you are breaking even, get out now.
If you have a bit of loss, accept it before you lose all.
Wait until the investigation is finished then decide what to do...Good luck everyone.
It's stable coin and not have so much pump or dump, do in my opinion, it's safe.
If you want to save funds, it's good to choose usdt because usdt often experience stable price movements, but in this case, as a trader certainly is not a safe point to look for, because without an increase in price there is certainly no profit to be gained from investing usdt, for those of you who wants to look for profit, it's better to invest in another altcoin that is more potential than usdt 
When the USDT tether printer switches off, expect Bitcoin and the whole crypto market to drop Minimum 10x.
Tether has never been audited and they admit its not backed by 1-1 real dollars.
They admit USDT is up to 75% backed by a mix of assets.
"reserves, which include traditional currency and cash equivalents and, from time to time,other assets and receivables from loans made by Tether to third parties."
Aside from inflating the crypto market, USDT offers alot of fake buy support, keeping prices high.
When the buy support gets shut down, liquidity buy side will disappear and almost everyone will make huge losses.
Tether scam will make all crypto look like a scam as most do not understand the difference....
Many Tether backed exchanges will go off aswell, taking users coins/funds.
So no, Tether is not safe and we are all at risk more now than ever before thanks to Tether and its friends.
Long term once USDT is shut down, Stablecoins will be replaced with CBDC.
Tether has never been audited and they admit its not backed by 1-1 real dollars.
They admit USDT is up to 75% backed by a mix of assets.
"reserves, which include traditional currency and cash equivalents and, from time to time,other assets and receivables from loans made by Tether to third parties."
Aside from inflating the crypto market, USDT offers alot of fake buy support, keeping prices high.
When the buy support gets shut down, liquidity buy side will disappear and almost everyone will make huge losses.
Tether scam will make all crypto look like a scam as most do not understand the difference....
Many Tether backed exchanges will go off aswell, taking users coins/funds.
So no, Tether is not safe and we are all at risk more now than ever before thanks to Tether and its friends.
Long term once USDT is shut down, Stablecoins will be replaced with CBDC.
Even with all the controversy surrounding Tether, there is no doubt that it is much needed in the crypto market right now and so it's a neccessary sin and therefore safe, this is evidenced by the fact that:
1. It is being used daily especially when it comes to Stop-loss
2. It is being integrated into more and more blockchains
3. It has been around for a long time (I think it's first stablecoin)
4. If anything ever happens to Tether, the crypto market might not recover from it fast.
1. It is being used daily especially when it comes to Stop-loss
2. It is being integrated into more and more blockchains
3. It has been around for a long time (I think it's first stablecoin)
4. If anything ever happens to Tether, the crypto market might not recover from it fast.
Just buying a tether like any other stable coins makes no sense, since they alone cannot make a profit. Stable coins are created more for ease of use of cryptocurrency, so as not to withdraw our fiat cryptocurrency funds in some critical situations, and then, when the time is right, do not return these funds back to cryptocurrency. Previously, without stable coins it was quite difficult, and they make it easier for us to move from one type of cryptocurrency to another, when it is urgent to withdraw, and investing in another type is still early.You can invest on btc to usdt for good returns
The best thing you can take from the answers here is a list of cryptocurrencies that have been recommended, then conduct your own analysis to evaluate which cryptos may have a good future.
The best thing you can take from the answers here is a list of cryptocurrencies that have been recommended, then conduct your own analysis to evaluate which cryptos may have a good future.
I don't know why some people are scared of Tether, for me there is nothing to worry about, all these FUD stated with the influx of more stable coins to the market and since they all want to have a share of the market they need to fight the top dog in the space, Tether is save and people need to credit the team for all they have done for the space
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