Tether | Bitcointalksearch.org

goyal.dkg

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Quote from: GFE on February 14, 2018, 01:12:44 PM

Quote from: Ravvish2 on February 14, 2018, 12:39:15 PM

What is the speciality of tether?Why most people use it?

Personally I use it during big BTC/altcoin correction. Tetcher is most stable coin comparing to USD during market dumps

tether is back up by USD , so how it is more stable in compare to USD ??
it is just easy to transfer between exchanges , but bcoz of recent news it caused a lot of panic .

VanKleiss

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Quote from: Ravvish2 on February 14, 2018, 12:39:15 PM

What is the speciality of tether?Why most people use it?

Be careful in using it, or better not use it at all because the platform that make it doesn't even cash it out as fiat. They create it to gain bitcoin which means it has no value at all. Even the US government don't consider it as a backup cryptocurrency for US dollar.

Martinkuhn

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0xf54CA5618b90810722B0e833DC150a97743A40B4

I think as a stablecoin, tether is the best and the default that we all are using.

But with the subpeona over their heads, I try not to be holding tether too long and use it to take profit when I sell altcoins and I tend to buy other low valued altcoins immediately.

I only hope that they can prove that they have the money to back up all the tether that has been printed so far; since this was their starting promise.

As a industry, we all need stablecoins.. tether being the best of them at this moment.

littleDarper

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Quote from: Herbert2020 on February 14, 2018, 01:07:08 PM

Tether is worth $1 and have been worth $1 for 99.99% of the times. that makes it special.

but "most people" don't use it because it is shady and it is risky although it may seem convenient at times. the company behind it is printing more and more of it like mad men and if some day that company (which is the owner of bitfinex also) disappears Tether will disappear with them.

Agreed, a lot of suspicions have arisen lately surroudning Tether. But notice on their official wallet they haven't minted any new coins for a very long time now. Perhaps they're attempting compliance and no longer wish to be a printing press like the federal reserve?

Herbert2020

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Quote from: yinyangwinwang on February 14, 2018, 01:11:25 PM

Quote from: Herbert2020 on February 14, 2018, 01:07:08 PM

Tether is worth $1 and have been worth $1 for 99.99% of the times. that makes it special.

but "most people" don't use it because it is shady and it is risky although it may seem convenient at times. the company behind it is printing more and more of it like mad men and if some day that company (which is the owner of bitfinex also) disappears Tether will disappear with them.

The only reason people think that is because of the current on going investigations, but they have reason to suspect shady business. Tell me, why would a company who has a transparent blockchain not hand over records right away and say here look 1:1 dollars in every account; it is all there accounted for. I will tell you why, it is because they probably don't have it and for that reason I stay very clear of this weird token.

well it has always been shady, it is not just because of investigation or not being backed by dollar 1:1
it is also because it is weird. if you check the website for example they are not even guaranteeing the 1:1 thing and they are not even guaranteeing the exchange of 1 USDT with USD at any rate! you have to accept it "as is".
not to mention that it is centralized and they are rejecting certain countries! what is that all about in a cryptocurrency!

jerry0

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dang, so you are basically saying that when btc and of course altcoin prices drop, you sell it for btc to usdt. Then if the market keeps getting worst and worst, thats great for you because you are holding usdt waiting to buy at a really low price. So the more it drops, the better than right? Then once it drops to a certain point or rises just a bit, you buy the btc back or btc and buy the altcoin back? Thus imagine prices keep going down then up and then down etc. Say the btc or altcoin goes back to same price but there were a lot of ups and downs. The holder even though he doesnt sell anything, well even if he did, he make none because a coin could hit 10 dollars, drop to 5, and repeat itself right? Thus you would be making real profit by trading it right? Im curious but do you do this with btc or mainly with altcoins with what you used in your example. Because im thinking altcoins are probably better to trade than bitcoin, eth etc?

stigmacryptonight

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Quote from: Ravvish2 on February 14, 2018, 12:39:15 PM

What is the speciality of tether?Why most people use it?

Easy, simple, of course, ordinary people who are not professionals can use well

JetSet11

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Quote from: Ravvish2 on February 14, 2018, 12:39:15 PM

What is the speciality of tether?Why most people use it?

It's a genuine crypto "currency" in the sense that it's stable. It's matched 1:1 to the dollar, and people use it to hold stable monetary value, which can be traded for other cryptocurrency on exchanges, in an otherwise volatile market. For example, lots of people put their money into Tether during the recent market crash in order to protect themselves from losses.

A cryptocurrency like Tether is extremely useful for the reasons mentioned above. However, Tether itself is under investigation for not having the funds that it says it does, and I would be cautious before pursuing any Tether investments at the moment. Besides, I think that they've closed new signups anyway, unfortunately.

Casmania

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As per research in the internet, Tether was established in November 2015.The company is integrated in Hong Kong with offices in the United States. Tether is a cryptocurrency token claimed by its originators to be backed by one dollar for each token issued and is the most widely integrated digital-to- fiat currency today.Tether is closely connected with Bitfinex, the largest Bitcoin exchange in the world.

dangdangdang

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Quote from: entemeister on February 14, 2018, 02:46:03 PM

People should be cautious about Tether , although it´s value is allegedly pegged 1:1 to dollar , it´s just a cryptocurrency and not fiat money

Thanks to USDT because we can freeze and keep our Crypto Assets fix even Bitcoin drops we still have the same asset worth.
When Bitcoin drops we could make more money buy buying Bitcoin and when it surged then we sell Bitcoin and turn it into USDT again and wait for another Bitcoin dip and that's it! We made a lot of money because of USDT, isn't that wonderful?
Altcoins today should be paired ALT:USDT or ALT:USD or ALT:Euro so that whatever happens on Bitcoin, we don't care, our Crypto Assets will not be affected.
Let Bitcoin die...

dangdangdang

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THE WORLD'S FIRST FIXED MONTHLY ALLOWANCE PLAN

Quote from: rezurect on February 14, 2018, 02:56:17 PM

Wouldn't be surprised if tether would be the next catastrophe in crypto, I avoid tether and don't use it anyway.

You are seeing the wrong Catastrophe then.
That is why Altcoins are being affected by Bitcoin because Altcoins are being paired mostly by Bitcoin and if Bitcoin is dropping it shouldn't affect Altcoins to drop with it because I am investing on Altcoins and not on Bitcoin.
Indeed, USDT is killing Bitcoin, why everybody concerned about Bitcoin? Bitcoin is slow and unreliable. Bitcoin cannot accommodate fast-food chains and other quick trade services. Bitcoin has higher transaction fees...
Many investors are forgetting about Bitcoin, if Bitcoin dies, good! Altcoins are the real currency for the future because they could make people adapt into Cryptocurrency.

dangdangdang

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THE WORLD'S FIRST FIXED MONTHLY ALLOWANCE PLAN

Quote from: terible.hunter on February 14, 2018, 01:01:43 PM

Everything is very simple. Once you start trading on the stock exchanges, you will realize that you need such an instrument to save money. And this tool is Tether, it allows you to fix your deposit in USDT.

Indeed, I've been using Tether USDT for two months now and I use it as my stash. After I sell my Altcoins I will turn my Ethereum into USDT to freeze or fix my Crypto Assets and wait for my favorite Altcoins go down, and when it's time to buy then I will then convert my USDT to Ethereum and buy more Altcoins as I could and then wait for them to go up and then convert my Altcoins into Ethereum and Ethereum into USDT. Super easy, no more Crypto Asset droppings.
If only Altcoins should be pair into Altcoin:USD or Altcoin:Euro then we don't need Bitcoin and Ethereum. And I'm sure Bitcoin will drop or surge, we don't care because this time our Altcoins will never be affected anymore.

danielhodous

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Tether is Lehman Brothers just watch.

CryptoRama

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You use it for a "crypto" dollar, it's allways at the price of dollar, but I suggest you that instead of tether you use real EUR or USD, this is possible on Kraken and bitstamp, because that who owns tether, is only earning on behalf all of us, the users, because how can you maintain a currency that is allways worth 1$ if you can't generate more of tether? Then from this means also more money for them, also, bitfinex is the owner, or the crypto exchange connected with tether, so why do you think do they have second most bitcoin in theyir wallet? https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

It's because of tether...

now you can say the same for banks of america or europe, that are printing out unbacked up money, but we in crypto, well at least some of us, we are here because of decentralisation, so here you have some words to consider. Tether isn't neither a cryptocurrency or decentralised. Cryptocurrencyes are getting trough mining or contract like token, you can't just make them more and more whenever you wish.

we should know what we are doing. gl

rezurect

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Wouldn't be surprised if tether would be the next catastrophe in crypto, I avoid tether and don't use it anyway.

entemeister

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People should be cautious about Tether , although it´s value is allegedly pegged 1:1 to dollar , it´s just a cryptocurrency and not fiat money

trobin

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Quote from: yinyangwinwang on February 14, 2018, 01:11:25 PM

Quote from: Herbert2020 on February 14, 2018, 01:07:08 PM

Tether is worth $1 and have been worth $1 for 99.99% of the times. that makes it special.

but "most people" don't use it because it is shady and it is risky although it may seem convenient at times. the company behind it is printing more and more of it like mad men and if some day that company (which is the owner of bitfinex also) disappears Tether will disappear with them.

The only reason people think that is because of the current on going investigations, but they have reason to suspect shady business. Tell me, why would a company who has a transparent blockchain not hand over records right away and say here look 1:1 dollars in every account; it is all there accounted for. I will tell you why, it is because they probably don't have it and for that reason I stay very clear of this weird token.

That right there sums it up. There's no good or logical reason not to just be like 'oh right here's the records that prove we have the funds in an account somewhere'.. They don't have the funds, it will go boom at some point and anyone too slow to get out of Tether will lose out.

I must admit I do use Tether but only on very rare occasions for a day trade, looking to sell my BTC and rebuy a little lower as it's facing some resistance. Holding Tether long term is a sure fire way to lose your hard earned cash.

Nevermind344

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Tether is a crypto-fiat hybrid currency, created for the convenience of converting and trading on exchanges.
Developers argue that every tether (USDT) is always backed 1-to-1 with USA dollar. It means that 1 USDT is always equivalent to 1 USD. But in fact, this system is not transparent, we dont know about real validity of USDT emission, just check the news about Tether and Bitfinex U.S. Commodity Futures Trading Commission (CFTC) investigation.

NITCoinOfficial

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It's a way to trade on cryptocurrency exchanges which do not accept fiat deposit/withdrawl. USDT is used instead of US $ in order to stabilize your profits in dollar value. For example, if the cryptocurrency market is dropping rapidly, your stop-losses are made to USDT - since the value is stable to US $.

GFE

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Quote from: Ravvish2 on February 14, 2018, 12:39:15 PM

What is the speciality of tether?Why most people use it?

Personally I use it during big BTC/altcoin correction. Tetcher is most stable coin comparing to USD during market dumps

Topic: Tether (Read 250 times)