Why so many negative opinions about Tether? - page 2.

Poink

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Quote from: Nebell on January 10, 2018, 01:54:36 PM

I see.

Still I find Tethers very useful.

If I was to exchange crypto to fiat only if I wanted to save my money, I would get into a tax nightmare.

Only if you withdraw it out of the exchange. If it sits there, then you don't have to worry about tax.

Nebell

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I see.

Still I find Tethers very useful.

If I was to exchange crypto to fiat only if I wanted to save my money, I would get into a tax nightmare.

adurakov

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Quote from: Nebell on January 10, 2018, 06:24:28 AM

I think it's the best thing since Bitcoin because I can use it to save my altcoins when shit start hitting the fan and then buy them when they are low, while Tether pretty much never moves from $1.

Now from my understanding people don't like it because an exchange created this coin and it can be made out of nothing?
But I'm not sure about this.

Any input?

As I understood Tether - they have one real USD in reserve for each USDT on market.

commanderbitcoin

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Quote from: Nebell on January 10, 2018, 06:24:28 AM

I think it's the best thing since Bitcoin because I can use it to save my altcoins when shit start hitting the fan and then buy them when they are low, while Tether pretty much never moves from $1.

Now from my understanding people don't like it because an exchange created this coin and it can be made out of nothing?
But I'm not sure about this.

Any input?

You already answer your question. First, it is not considered as cryptocurrency and the fact that it is created by nothing, they can accumulate bitcoin out of nothing. Since bitcoin is not regulated, they are free to do that.

Nebell

full member

Activity: 406

Merit: 104

I think it's the best thing since Bitcoin because I can use it to save my altcoins when shit start hitting the fan and then buy them when they are low, while Tether pretty much never moves from $1.

Now from my understanding people don't like it because an exchange created this coin and it can be made out of nothing?
But I'm not sure about this.

Any input?

Topic: Why so many negative opinions about Tether? - page 2. (Read 268 times)