What do you think about Tether? | Bitcointalksearch.org

ckorbba

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Quote from: styca on January 24, 2019, 02:21:59 PM

Tether is often necessary as fiat-to-crypto and crypto-to-fiat is difficult, slow and expensive.
But we do always need to remember that just because something is called a 'stable coin', that doesn't guarantee that it will remain stable. There is always an element of risk involved.

The fact is that recently a stable coin equivalent to a dollar is very often used to minimize its risks from losses. Thus, this coin will always have prospects, and most of all, when the cryptocurrency market will have an unstable appearance.

styca

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Tether is often necessary as fiat-to-crypto and crypto-to-fiat is difficult, slow and expensive.
But we do always need to remember that just because something is called a 'stable coin', that doesn't guarantee that it will remain stable. There is always an element of risk involved.

South Park

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Quote from: Predator47 on January 18, 2018, 04:36:07 PM

Many people use The Tether[USDT] as there Safe ´´Wallet´´ so they Purchase it and Tether always keeps up the Same Price as you can see it doesnt really went down since 6 Months
My Question about it Do you use Tether to?

I do not think of tether as a cryptocurrency since it is backed by fiat but there have been many doubts that each tether is backed by one dollar as their creators have stated, this has profound ramifications if true, all of those that are using tether to take refuge of the difficult market conditions could lose everything if it is confirmed that they have been lying, for such a coin the most important factor is to keep the trust of their investors and once they lose that its price could crash to zero.

Endikadija

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Quote from: sham100899 on January 23, 2019, 08:50:30 PM

Quote from: Predator47 on January 18, 2018, 04:36:07 PM

Many people use The Tether[USDT] as there Safe ´´Wallet´´ so they Purchase it and Tether always keeps up the Same Price as you can see it doesnt really went down since 6 Months
My Question about it Do you use Tether to?

so far tether will always be as it is, no big movement for it because it is very much stable and not volatile unlike uts counterparts the altcoin. Most of us wants to see tether to be paired up in every cryptocurrency exchange because of its stability.

The only big movement is the creator was creating more and more tether and it distributed it to the market. The fact there was a lot of people are getting fear caused by this cion has a lot of problem with the auditors. So many people are feeling doubt about how much reserved funds owned by the company.

Cnut237

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Quote from: Predator47 on January 18, 2018, 04:36:07 PM

Many people use The Tether[USDT] as there Safe ´´Wallet´´ so they Purchase it and Tether always keeps up the Same Price as you can see it doesnt really went down since 6 Months
My Question about it Do you use Tether to?

I use it when necessary, but I wouldn't hold anything in Tether for a long period of time. It is still crypto and is still risky. It doesn't always maintain the dollar peg.

coingecko

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The bigger question would be, if today the crypto market is gone one day, would you be able to exchange your USDT for actual Fiat USD?

ethereumhunter

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Quote from: Predator47 on January 18, 2018, 04:36:07 PM

Many people use The Tether[USDT] as there Safe ´´Wallet´´ so they Purchase it and Tether always keeps up the Same Price as you can see it doesnt really went down since 6 Months
My Question about it Do you use Tether to?

I think after we've got bitcoin from trading bitcoin against altcoin, we can sell it into tether but this only if bitcoin price is on the green area so we can get value from bitcoin. And if bitcoin price is on the red area, we need to hold for a while until the colour is changed into green. So if we can hold tether, when bitcoin price is on the red area, we can buy that bitcoin in a large number.

rosmerius

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Indeed, Tether looks stable and the movement is slow, and many of them choose to make transactions both digital and real.
I use it for my resistance and later I can collect other coins that have high volume and potential.

sham100899

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Quote from: Predator47 on January 18, 2018, 04:36:07 PM

Many people use The Tether[USDT] as there Safe ´´Wallet´´ so they Purchase it and Tether always keeps up the Same Price as you can see it doesnt really went down since 6 Months
My Question about it Do you use Tether to?

so far tether will always be as it is, no big movement for it because it is very much stable and not volatile unlike uts counterparts the altcoin. Most of us wants to see tether to be paired up in every cryptocurrency exchange because of its stability.

Horas1976

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Tether looks stable and this can be used to raise funds so that later it can be used to buy bitcoin.
I think Tether is safer and for losses is very minimal so as a tool for transactions that are a little risky.

cp_underground

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i don't interest to use stablecoin for holding, but today i just bought Tether for increase the stock of my Tether in preparation for buy bitcoin when the price is going down again in the market

CPN99

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I think tether up to now is still very well used as an option to save funds because of its still stable property. but lately a lot of stable coins have appeared to rival tether. so I hope tether will further improve the system to always be the best stable coin.

rjefferson

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Quote from: Predator47 on January 18, 2018, 04:36:07 PM

Many people use The Tether[USDT] as there Safe ´´Wallet´´ so they Purchase it and Tether always keeps up the Same Price as you can see it doesnt really went down since 6 Months
My Question about it Do you use Tether to?

Centralized and not in line with the goal of crypto. makes sense for most people but I don't see it sticking around forever.

asayoyaasa

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Yeah, that is tether for. Sometime when I busy with my work I just tethered my fund to make sure they are safe and still the same, no floating or something.
I think we need coin like this, stable and safe. Maybe JPY or GBP will make their crypto coin.

Umkar

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I am just like many of us use Tether to trade on the stock exchange, but now I try to keep most of my funds in it and wait for the crypto market to reach a new bottom to buy more cryptocurrency for the future at a low price. I think so intends to do not only me.

xenomorphe1

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I used it mainly when trading with BTC or altcoins. Tether is mostly used for trading as it is pegged with USD. Some people don't like Tether, but it is here since a very long time.

sonicwave

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Quote from: Predator47 on January 18, 2018, 04:36:07 PM

Many people use The Tether[USDT] as there Safe ´´Wallet´´ so they Purchase it and Tether always keeps up the Same Price as you can see it doesnt really went down since 6 Months
My Question about it Do you use Tether to?

So far this is the most stable asset that is pegged to the dollar and is massively used as an alternative wallet. And as many claim so far while is no danger in this.

niteroy

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The fact that the price of Tether does not fall is not unusual, because its price is tied to the price of a dollar. It is convenient for trading on a crypto exchange, but to consider it as an investment is not correct, because Tether is just a stock exchange tool that replaces the fiat dollar.

Prosperityforall

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tether is the biggest stablecoin ever and it seems for me in case of usdt failure, the whole crypto market will disappear, because tether is something connected closely with crypto ecosystem

TheReverend

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tether is good for short-term trade, you can convert to tether if you know the coin will go down and buy when the price goes down then sell when it goes up.
I do not recommend storing tether in the long term, it is better to change to fiat or BTC.

Topic: What do you think about Tether? (Read 560 times)