Topic: What do you think about Tether? - page 2. (Read 499 times)
I always lean my back on tether before when there will be a massive sell out in the market and the bears on the attack. At first, I thought that is it one of the safest thing to do but I am wrong. It only giving you a smaller opportunity to learn more instead of using ETH or BTC as a trading pair. Why? When BTC / ETH went down the price, most of the altcoins are on the rise and vice versa.
As for me, I use usdc by Circle if I need to buy stable coin. But I think usdt is also a good variant. They passed an independant audit so these 'bad news' are just fud to make an influence on the market.
the USDT is the first stable currency. but its price fell sharply on October 15 last year. it caused a great panic in the market. there may not be enough dollar support behind it. I will choose PAX, now.
Tether is a very dangerous tool. The official information is that the audit was made and ended positively. However, in my opinion it is a very alarming that one exchange can be able to just add zero and create as much virtual dollars as it wants.
This is a rat trap.. i have been always stayed away of this.. there are may complains and raised flags regarding the real backing of this asset. I will bet they dont have any vault anywhere with a single $ cent.. In the future, there will come a day, when many people that though they were the smartest of all, protecting their gains after shifting to Tether, will see their asets valued at 0,0$. And i really dont care for them..they were warned many times about what could happen!
I do not think that Tether is backed by real dolar. They have not submitted any documents proving that they have several billion dollars in their bank accounts. They have not passed any audit. The fact that there is a pair of USDT/USD on Bitfinex proves once again that they are fraudsters.
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
That's why they're called Stable Coins because they don't fluctuate that much and the price is 1:1 to US dollar.
My Question about it Do you use Tether to?
I don't use Tether because I don't like it simply as that. I would rather trade and taken advantage of the high volatility of the market to make money. If you put your funds in Tether then it will just go and sleep there. It could be a good leverage though specially for newbies, but for far more experience trader I will assume that they don't trust Tether at all, simply answer.
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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?
My Question about it Do you use Tether to?
Sometimes I use the tether to save my money from decreased the bitcoin or altcoin price so I can use the tether to rebuy the coin when it's down. But it is not happening in all time I used tether because when the price of altcoin start to increase, I will sell the altcoin to get more bitcoin and I will hold it in bitcoin only until bitcoin price can increase too. But some people who trade in the market will prefer to use tether against bitcoin or altcoin so they can increase the amount of tether.
It doesn't fall a big amount because it is a kind of backed up by usd. You will get 1:1 ratio whenever you want. People who don't like to take risk and want liquid money they buy tether. You have some other option too like TrueUSD or some others.
You're with what you said because Tether was implement to cryptoneirs and crypto investors/traders profit intact but I dont like the fact that Tether was backed with USD because they government failure was the reason why crypto currency was implement from the get go. However, I like other stable coins which back with metal (gold).
In trading, most people choose to be profitable and full of risks, while Tether seems stable, this will not be an explosion. And I have never used Tether, it looks safe and stable and this will be used by investors who don't need much profit.
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It doesn't fall a big amount because it is a kind of backed up by usd. You will get 1:1 ratio whenever you want. People who don't like to take risk and want liquid money they buy tether. You have some other option too like TrueUSD or some others.
Tether is very useful when the market is dumping you should go convert it into tether because it's a stable coin your money will be safe.
Tether does look stable, and many use tether for investment, but I've never used it. This was seen as a good move in the CMC despite a decline but did not shake his position.
Tether has been in controversial news many times in the past. Now there are many new stable coins so there are choices.
I don't use tether at all and I don't trust it. Tether is centralized and as long as they are auditing themselves I will not use them or trust in their promises. If they wanted to be transparent they would do it so you should ask yourself why aren't they? Maybe because they know that greedy idiots will keep coming and will be using their stablecoin because it's the most popular.
I know transparency is very important to gain trust investors and its attraction also but somehow many were not doing it, not just Tether. Maybe there are things to hide and protected, and we can't push them to let the public know as they have the rights also, we respect them. There is no need to push our self into this if we feel uncomfortable and to see no future. Tether won't give satisfaction to you but the others have it, let the things evolve.
I don't use tether at all and I don't trust it. Tether is centralized and as long as they are auditing themselves I will not use them or trust in their promises. If they wanted to be transparent they would do it so you should ask yourself why aren't they? Maybe because they know that greedy idiots will keep coming and will be using their stablecoin because it's the most popular.
Many people use The Tether[USDT] as there Safe ´´Wallet´´ so they Purchase it
Tether isn't a wallet, you should use as a way to save the value of the crypto that will be exchanged to that stable coin.and Tether always keeps up the Same Price as you can see it doesnt really went down since 6 Months
Because it is a stablecoin.My Question about it Do you use Tether to?
No. 
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?
My Question about it Do you use Tether to?
I rarely use tether but would do in such a scenario as you described, only short term though. Long term tether is not backed by anything and if there is a run on it then it can easily drop below a 1:1 ratio with usd.
This is exactly why I'm NOT using Tether. It's far away from 1:1 with USD.
Even current ratio 1.02 to 1 and I've been watching it in past 3 month varying from 0.97 to 1.03. For somebody those 6% maybe sound like a stable coin, but not to me. It's affecting my trades badly.
I think best time to get in tether was when btc price was at the highest level and now was time to reenter in btc or eth with all that tether, for now only expert traders should use it to make profit, traders who are 24/7 active and know how to swap and profit between btc and tether.
In short, it's not perfect but for now it's the best we've got.
What we really need is some facility for quick cheap transfer back and forth between actual fiat and crypto.
yes of course, trade in Tether is profitable when any event in bitcoin ex : bitcoin dumping we can buy in tether like condition now i'm holding tether for buyback bitcoin when bitcoin price drop again, and i'm still waiting this moment What we really need is some facility for quick cheap transfer back and forth between actual fiat and crypto.
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