Topic: Tether: not even a scam (Read 31060 times)
Have been introduced to tether as a hedge fund but its later realization about its value fluctuations with the real usd makes it a lot unreliable where it behaves as a normal altcoins. I this the Tusd is better for hedging. Would be preferred for such investments or savings but again I do not trust sending out to anyone to save for me in the guise of investments. Scams come in different shades
For the first time (since October) we are seeing a decrease in the market cap of Tether. This is how things should be, so maybe they are starting to be legit?
i like to believe that USDT was launched to replace fiat money in these exchange sites whose owners cant afford licence for handling fiat
at the same time this allows to bring more crowd in to the crypto culture
as long as USDT parity with USD keeps stable, we can use USDT as mediation channel
price of most of the coins popping up and down synchronously with BTC and exchange of one coin to another coin is in most cases pointless
Tether was fine until some exchanges like Kraken hate it. Tether to the moon! I expect a Tether pump soon.
If tether pumps then it is a failed coin. The whole idea is for it to have parity with USD. And divergence from that and it is not serving its purpose.
I agree with your thoughts, tether should be able to defeat ethereum if it has in common with the USD, but this does not and will never grow higher than ethereum
Tether causes many mixed feelings to many traders, they say that this project has a lot of scams, which today shows on the market, because the stable coin cannot show volatility. A lot of different opinions. Here everyone decides for himself.
Tether really is not a scam, it is a great altcoin. But these rumors are made by whales. They make it so that many traders sell off and make the price of Bitcoin increase. that is strategy. So do not believe the news, believe what you think.
Based on the recent news, Tether destroyed 500 million USDT tokens that were held in its treasury wallet.
https://coincodex.com/article/2538/tether-burns-500-million-usdt-tokens/
https://coincodex.com/article/2538/tether-burns-500-million-usdt-tokens/
I have been using Tether to edge my portfolio on Bittrex and Poliniex before but the news am hearing about them now is not that encouraging. There are speculation that they don't have the equivalent of fiat USD to USDT and they are unable to come out with tangible proof.
The price of USDT has fell to a low of $0.96 is continuing to fall as trader are buying any cryptocurrency in exchange for Tether or USDT, which also brought a rally in major cryptocurrencies. Bitcoin broke $7000 on Binance and Ethereum $228.
In relation to the Tether project, I have nothing wrong, because this project has really helped many traders to keep their deposit, since its price is not very volatile, but still it is a little felt on large volumes.
Tether is a project that has grown a long way in this market and I'm sure it will not scam. This market is in a lot of changes and bad news is constantly being released but be alert to the situation. 
The problem for tether is lack of transparency. We all know Tether is completely centralized, and Bitfinex said it's backed by the real USD value but we didn't know how the way it's exactly works. I love to hear more about the scheme of it. But personally, I'm will stay away from Tether. And also new stable coin are being launched.
In relation to the Tether project, I have nothing wrong, because this project has really helped many traders to keep their deposit, since its price is not very volatile, but still it is a little felt on large volumes.
Tether can not be a scam because Tether is the best friend an investor can have
It has a real Tether team working nicely. But is it reliable? NEVER! It will shock us I am sure.
It appears that Tether could be looking for new banking partners to hold the reserves backing its USDT stablecoin.
https://coincodex.com/article/2430/noble-bank-has-lost-bitfinex-and-tether-as-customers-according-to-report/
https://coincodex.com/article/2430/noble-bank-has-lost-bitfinex-and-tether-as-customers-according-to-report/
Have had to use this to trade against Bitcoin and some altcoins on Binance, was basically using USDT but there was a rumor that there is an impending attack on the coins that scared me to start hedging in TUSD instead
Tether is not a scam but a stable coin that traders or anyone can use to edge Crypto and reduce the risk of losing hugely if the market suddenly swing, we have many stablecoin like Tether and Tether is fighting hard yo stay afloat among other stable coins.
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