Topic: what you think About "Tether" coin. (Read 184 times)
Most people think tether is scam. But I don't think so. Tether is available on many major exchange. Although there are many scandals but it is a steady choice for the down mảket.
I throw all the money into it when there is a big fall on the market. So you can save your money, it does not drop more than 10% in price.
tether coin is one of the coins that has a stable price wherein I have a coin of tether in a few months only touches $ 1 and when the decline is at $ 0.9 but I think the stability of the tether coin is very large and difficult to dump the price.
In my opinion, this is a bubble. Now Tether is stable. Its cost = 1 dollar. It is convenient to use it to stabilize investments during the period of a sharp drop in the market.
But I try to keep money in Bitcoin or Ether, or NEO, it's not profitable in terms of profits when the whole market is down, but it's more secure than keeping all your money in Tether coin. After all, the bubble can burst at the very moment when it will have your money.
But I try to keep money in Bitcoin or Ether, or NEO, it's not profitable in terms of profits when the whole market is down, but it's more secure than keeping all your money in Tether coin. After all, the bubble can burst at the very moment when it will have your money.
Tether is a scam. There is no way that there is enough minted currencies that are made for all of the tether that are being pushed into the market. It is more of a bubble and people should stop converting their money into tether because it is not the same thing as USD and they should get out now before the price crashes
if you're saying it's a scam, it would be good to show some proofs or proper reasons why is that so. I'm not saying it's not, but I don't feel like accusing them from scam either.
Exchange coins that bring dividends (kucoin shares, binance coin, cryptopia shares, coss) should not fall as much as the rest in theory, those are things you want to hold. But with the dividends losing value their price will still drop. Then, you have to look for some coins that have been purchased in fiat as much as possible, now and in the past. Tether has inflated bitcoin and possibly ETH prices; if people got the coin without going through those it shouldn't crash.
I like the idea of Tether. It’s nice to be able to put the bleeding on pause and jump in and out of the market without going to fiat. It’s saved me a lot on losses.
I like this coin a lot for its stability. I usually change most of my cryptos to tether when prices are going down and later buy when prices start going up. I think it came to help safe our monies on the net. Without it, in times of big dips, all our monies would have gone away.
what you think About "Tether" coin.
Tether supposed to be a tool to get out of market volatility in bear market. There was rumors months ago that they are not keeping sufficient fiat reserves in USD but if that was really the case I think they would be gone by now. Google it and read up on it.
I wonder why tether still remain at $1 despite demand and supply of this stable cryptocurrency. Hope it doesn't burst
I think having a stable coin is a really useful thing. I also think having a few different options like trueusd, alchamint etc are really good too as many people have lost faith in tether lately
I personally don't believe tether doesn't have 1:1 backing with actual fiat so there could be a run on it leading to collapse, or regulator intervention. Binance must have fully checked out trueusd though as they are very thorough so I would imagine that is a safe stable coin
I personally don't believe tether doesn't have 1:1 backing with actual fiat so there could be a run on it leading to collapse, or regulator intervention. Binance must have fully checked out trueusd though as they are very thorough so I would imagine that is a safe stable coin
what you think About "Tether" coin.
And what about her can think. It's just a exchange dollars and nothing more. A convenient coin to buy assets and no more
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It is assumed to be a token backed by usd but i am not sure if it is really true, i mean there is already huge supply of usdt in the market we never know if it actually have same number of us dollars in the bank account backing this token or not, so the genuinity of this token is still under question, i hope there will be devised a way where we can track amount of dollars backing it.
I think Tether coin does not doing well in the market. It is also a risky project that’s why peoples are not showing any interest for invest there. This project belongs in the same stage. No improvement.
You do get that Tether is meant to hold its value around 1 USDT = 1 USD. The whole point for Tether is to remove the need for FIAT to store your crypto gains.
But still, USDT is kinda shady. Basically, one company has the power to print money when they want.
Crypto currency analogue of the dollar. Nothing is backed up (however, like the dollar itself) It keeps on trust. Theoretically it can depreciate in a second. I do not belong at all, because I keep money in Altcoins =))
I think this coin is a change of currency to the pairs of trades usdt. She has no other function, personally for me. To store a lot of money in it is not worth it.
Tether is a great coin to lock in your profit since it is stable coin. It has not deviated from it original price (1usd) for more than 20%. it can be use as a hedging strategy toward inflation coin.
Tether is a stable dollar substitute supposedly in one way or the other linked to the U.S. dollar. Experts fear that if tether collapses, it could have a "devastating" effect on the broader cryptocurrency market. its indeed a fast growing coin state to have an equivalent of 1dollar to 1 Tether.
I'm just thinking about it tho, if it were to collapse somehow, people would want to get rid of tether, right? Wouldn't that actually push the prices up since everyone would be looking to buy any cryptocurrency with their tether at any price?
Except for the volume in circulation, i think tether is still good to be used, but it is not a long one shpould hold for long. It should rather be a transient coin, because anything can happen to a coin with such nature at anytime. I do not use it though and i am not too sure if i will use it.
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