It is alarming that Tether refused to cooperate with the audit company. Maybe they really do not have enough real dollars to cover USDT
Someone else is depositing that is when you have cash. Imagine everyone wants to withdraw their money at once, that is when you know that its just numbers we have and not real money and the same thing is going on here. 
Topic: The most stable coin" USDT" ,have the possibility of collapse?? (Read 653 times)
February 04, 2018, 09:30:36 AM
Yeah,the possibility of collapse is very high!
Do you notice the ratio of USDT??
it keeps dropping and dropping!
I remember the USDT-to-Yuan is about 7.5 in December,2017.
But now,Jan,2018,the ratio is about 6.5.
Dropping down about 15%,and The Tether is meeting a crisis of
trust.
The Tether company could not prove the USDT is a not infaltion coin!
That's very fatal!
So it's very dangerous to kepp USDT in a long term!
Do you notice the ratio of USDT??
it keeps dropping and dropping!
I remember the USDT-to-Yuan is about 7.5 in December,2017.
But now,Jan,2018,the ratio is about 6.5.
Dropping down about 15%,and The Tether is meeting a crisis of
trust.
The Tether company could not prove the USDT is a not infaltion coin!
That's very fatal!
So it's very dangerous to kepp USDT in a long term!
Wow you people are so stupid.
What did you not understand in the concept of USDT? It's supposed to have the value of 1 USD. Are you using YUANT? No, because there is NO SUCH THING.
How can you possibly blame 1 USDT for not following the value of the Yuan?
February 04, 2018, 09:30:05 AM
It is alarming that Tether refused to cooperate with the audit company. Maybe they really do not have enough real dollars to cover USDT
February 04, 2018, 09:18:42 AM
i think no
it is stable even when a lot of usdt was stolen from tether.to.
it is stable even when a lot of usdt was stolen from tether.to.
February 04, 2018, 06:53:46 AM
Yeah,the possibility of collapse is very high!
Do you notice the ratio of USDT??
it keeps dropping and dropping!
I remember the USDT-to-Yuan is about 7.5 in December,2017.
But now,Jan,2018,the ratio is about 6.5.
Dropping down about 15%,and The Tether is meeting a crisis of
trust.
The Tether company could not prove the USDT is a not infaltion coin!
That's very fatal!
So it's very dangerous to kepp USDT in a long term!
Do you notice the ratio of USDT??
it keeps dropping and dropping!
I remember the USDT-to-Yuan is about 7.5 in December,2017.
But now,Jan,2018,the ratio is about 6.5.
Dropping down about 15%,and The Tether is meeting a crisis of
trust.
The Tether company could not prove the USDT is a not infaltion coin!
That's very fatal!
So it's very dangerous to kepp USDT in a long term!
February 04, 2018, 03:57:24 AM
Tether has the possibility of collapse any day. There needs to be a audit.
February 03, 2018, 07:06:59 AM
But when more people are ready to hold, I guess there will be less possibilities for this coin to get collapsed. Still, there cannot be anything to be done when more people prefer not to hold.
So if tomorrow it's announced that there is only a small fraction of real fiat to back USDT, you're gonna hold yours?
Everyone will panic-sell it. You will see a BTC at say $9000 on Bitstamp or Kraken, and $35000 on Bitfinex/Bittrex. And that will be the first step, after that all crypto will crash again, even more. I'd say, it'd better be now once for all.
And then god knows what happens to USDT-supporting exchanges, they are gonna have massive debts.
February 03, 2018, 07:02:10 AM
usdt is not an investment vehicle. you don't "invest" in usdt. it's impossible for usdt to collapse unless the exchanges (or usd itself) collapses in which usdt is no more riskier than any other coins.
even if the so called scandal is true, and there isn't actually a single dollar in the bank, the value of usdt to usd will remain unaffected.
even if the so called scandal is true, and there isn't actually a single dollar in the bank, the value of usdt to usd will remain unaffected.
You can trade USDT/USD on Kraken, thus, yes of course it can collapse. Just this night it lost 5%.
..which doesn't mean there is anything wrong happening with it.. YET. Indeed, you can trade normal USD/EUR on Bitstamp, and it's not uncommon to see a gap of a few % between the pair on Bitstamp, and the "real" USD/EUR value. Hell, EUR even peaked at 1.4 USD for a brief moment on Bitstamp, probably because a whale made a mistake.
Still, the more you read about what's happening around USDT, the more you understand it's probably a scam. Seems to be all red flags.
Bitfinex isn't a small exchange, and some other big exchanges support USDT, I don't know when we will know the outcome of this, but it will be either really good or really bad.
February 03, 2018, 05:28:32 AM
The most stable coin ,have the possibility of collapse?
This question Troubled me for long time，Thanks for answer
This question Troubled me for long time，Thanks for answer
USDT is currently experiencing a scandal, and its future will collapse. Investors will now invest in BTC, ETH as well as cryptos in the top 10. The USDT collapse is also understandable because of the stability of the cryptos, while the remaining cryptos are falling unstable, USDT only fluctuates at the rate of $ 1.
usdt is not an investment vehicle. you don't "invest" in usdt. it's impossible for usdt to collapse unless the exchanges (or usd itself) collapses in which usdt is no more riskier than any other coins.
even if the so called scandal is true, and there isn't actually a single dollar in the bank, the value of usdt to usd will remain unaffected.
it can be collapsed because the coin is not backed with anything and you can create as much as you want, which is against the rules of finance and cause inflation in long term.
But when more people are ready to hold, I guess there will be less possibilities for this coin to get collapsed. Still, there cannot be anything to be done when more people prefer not to hold. February 02, 2018, 09:09:57 PM
it can be collapsed because the coin is not backed with anything and you can create as much as you want, which is against the rules of finance and cause inflation in long term.
February 02, 2018, 04:44:16 PM
Of course nothing is forever and USDT is the same . USDT will collapse very soon IMO. At the moment, Both Bitfinex and USDT are having big trouble with US government, maybe it'll make the value of USDT dump really quickly and you guy won't never thinking that USDT is the most stable coin anymore .
. USDT will collapse very soon IMO. At the moment, Both Bitfinex and USDT are having big trouble with US government, maybe it'll make the value of USDT dump really quickly and you guy won't never thinking that USDT is the most stable coin anymore . February 02, 2018, 03:23:21 PM
usdt is not an investment vehicle. you don't "invest" in usdt. it's impossible for usdt to collapse unless the exchanges (or usd itself) collapses in which usdt is no more riskier than any other coins.
even if the so called scandal is true, and there isn't actually a single dollar in the bank, the value of usdt to usd will remain unaffected.
You are wrong on that. USDT is nothing more than a shitcoin in reality. Its value should at all times remain equal to that of the USD, but the initial goal has turned out to be a worthless promise of Tether itself.even if the so called scandal is true, and there isn't actually a single dollar in the bank, the value of usdt to usd will remain unaffected.
The value of USDT has climbed above and taken a dive below $1 numerous times already. USDT is tradable against USD as well, which makes it an investment as well, but one that doesn't yield much.
Tether is a pest that should be exterminated as soon as possible, and the fact that they are directly linked with Bitfinex should raise even more suspicion. People will realize what can go wrong when it actually goes wrong.
February 02, 2018, 03:10:18 PM
The most stable coin ,have the possibility of collapse?
This question Troubled me for long time，Thanks for answer
This question Troubled me for long time，Thanks for answer
USDT is currently experiencing a scandal, and its future will collapse. Investors will now invest in BTC, ETH as well as cryptos in the top 10. The USDT collapse is also understandable because of the stability of the cryptos, while the remaining cryptos are falling unstable, USDT only fluctuates at the rate of $ 1.
usdt is not an investment vehicle. you don't "invest" in usdt. it's impossible for usdt to collapse unless the exchanges (or usd itself) collapses in which usdt is no more riskier than any other coins.
even if the so called scandal is true, and there isn't actually a single dollar in the bank, the value of usdt to usd will remain unaffected.
February 01, 2018, 06:59:41 AM
The most stable coin ,have the possibility of collapse?
This question Troubled me for long time，Thanks for answer
This question Troubled me for long time，Thanks for answer
USDT is currently experiencing a scandal, and its future will collapse. Investors will now invest in BTC, ETH as well as cryptos in the top 10. The USDT collapse is also understandable because of the stability of the cryptos, while the remaining cryptos are falling unstable, USDT only fluctuates at the rate of $ 1.
February 01, 2018, 02:30:42 AM
The most stable coin ,have the possibility of collapse?
This question Troubled me for long time，Thanks for answer
This question Troubled me for long time，Thanks for answer
Even your own local money have a possibility to collapse or go down. This is about " the only constant in this world is changes", back when I was in secondary level. How about more in crypto currency, expect more than the usual, sounds like " expecting the unexpected". But, don't worry too much, if you are not comfortable, go find other profitable token as well. Just choose coins that has a good foundation ( for example, a project that has a multiple famous company partners ).
February 01, 2018, 01:53:23 AM
USDT won't collapse not any time soon just because of its nature. It equals 1 dollar that is the argument we were made to believe but the issue is when bitfinex was hacked and about 30 million USDT was stolen, was the same amount stolen from their bank account? Obviously no and they didn't even feel it be cause they could just create additional 50 million USDT without anybody setting limit for that.
It simply shares the same characteristics with fiat because despite the million of notes that is being shred on a daily basis, they just print more, if the value drops as a result of inflation, they increase minimum wage and simply print more notes which means it won't crash.
It simply shares the same characteristics with fiat because despite the million of notes that is being shred on a daily basis, they just print more, if the value drops as a result of inflation, they increase minimum wage and simply print more notes which means it won't crash.
they cannot do that. if 30 million USDT is stolen, obviously the attacker immediately traded for another coin and withdrew them hence they now have a $30 million obligation (loss) to their customers.
usdt is not the feds, new money is not printed because the ticker exists
That is exactly what they can do and that is why there is no noise of what went down. 30 million if withdrawn at once is not enough to change the direction of the market. The exchange that was hacked in Japan where over $700 million was taken, there was still no effect on price not to talk of a 30 million USD effect. Another reason is that, the attacker does not hack and leave it on the exchange site, its taken out because if its still on the exchange site, it would have been tracked and found couple with withdrawal of such amount from a single account will need manual processing which of course will need some investigation.
All of the money we have in our banks account are not backed by cash its when you withdraw because someone else is depositing that is when you have cash. Imagine everyone wants to withdraw their money at once, that is when you know that its just numbers we have and not real money and the same thing is going on here.
at the end of the day, they are responsible for the $30 million loss it'll simply be taken out of their profit when customer withdraws. They definitely feel the loss. It is an account payable. They might have replenished the tokens, however it will be counted against their income statement as losses in order for their balance sheet to balance.
banks are different, banks are in the business of fractional reserve, exchanges are not. Banks lend out money they don't have in order to maximize their profits and hence why they cannot afford a bank run. Exchanges have easily liquidable assets, if people can't get fiat out in an exchange because they don't have enough in the bank for whatever reason, customers will simply withdraw them in crypto, take them elsewhere and cash out. usdt will still be a safe $1.00.
The reason why I trust large exchanges even if they are my worst enemy is because of the amount of fees they make. $2billion marketcap for USDT is nothing when the top dozen exchanges can cumulatively do almost $10 billion in trades in a single day. In trading fees alone that comes out to tens of millions every single day. unlike mt. gox, There isn't even an incentive for them to runoff.
What I am saying is, your deposit risks (regardless if it's fiat or coins or tokens) is with the exchange, if they don't pay, gets hacked, runaway usdt is no riskier than any other coins.
There are no scenario in which usdt would not be valued at $1.00 since it can always be exchanged for tokens of equivalent value of the site.
Imagine you go to a casino and have $10,000 worth of poker chips (usdt) that can be redeemed for exactly $10,000 USD or $10,000 worth of gold (btc) or silver (ltc).
a robbery occurred and half of the casino's money is gone. They no longer have enough money on hand to cashout everyone in fiat. Do you think your $10,000 worth of poker chips is now worth $5,000?
no, because you can still redeem them for $10,000 worth of gold and take that gold elsewhere to exchange them for cash.
Now let's say, everything is gone. no gold, no silver, no cash, nothing. casino runsaway overnight. Then it doesn't matter what asset you have deposited there, whether it's poker chip (usdt), gold (btc), silver (ltc).
On the other hand, it is very much possible for USDT to lose its fame and popularity soon its market value gets stable as investors only invest in that coin which can later on help them in having more profit instead of getting nothing good.
January 31, 2018, 11:08:40 PM
I stay away from USDT for a while to avoid such investment lose, but I think it will not collapse that easy other ppl will still invest in USDT and use it as a trading pair it will not collapse the foundation it will only give an assurance that USDT is a stronger altcoin.
P.S But I stay away from it, it is better safe than sorry or prevention is better than cure.
P.S But I stay away from it, it is better safe than sorry or prevention is better than cure.
January 31, 2018, 05:07:42 PM
The most stable coin ,have the possibility of collapse?
This question Troubled me for long time，Thanks for answer
This question Troubled me for long time，Thanks for answer
Yes.
I didn't understand it too. In what situations could Tether colapses? It's a stable currency, always following Dollar's price, good to move your trading profits into this to avoid fluctuations and losses. Do people here mean there isn't any guarantee Tether will keep following Dollar's price and may fail like a scam or it will colapse only if Dollar colapse as well?
January 31, 2018, 01:55:31 AM
This time USDT has led to the collapse in the price of bitcoin. On the subpoena from the USDT the reserve of usd has termed to be an issue. This has made price of bitcoin go low to $10000. Even now it is speculated and believed that price will increase by the starting of the falling month.
btc to usdt ratio is going down more.
usdt is now even more valuation relative to btc.
still, usdt has not changed in value.
January 30, 2018, 11:21:15 PM
This time USDT has led to the collapse in the price of bitcoin. On the subpoena from the USDT the reserve of usd has termed to be an issue. This has made price of bitcoin go low to $10000. Even now it is speculated and believed that price will increase by the starting of the falling month.
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