will tether collapse? - page 2. | Bitcointalksearch.org

ophyrim

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Activity: 994

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Quote from: xfaqs01 on October 12, 2018, 05:28:31 PM

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

Many people dont trust Tether because of low transparency of Tether. They need to be more transparent. After the last volatility, they have shown a report (proof of funds according to them) which shows that Tether has 100% backing. But the problem the report is not enough because it belongs just for 1 day and it belongs to a law firm, not an auditing firm.

fasdorcas

hero member

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Quote from: Q2kc on October 18, 2018, 02:26:57 AM

Maybe the best move now is to stay away from Tether it is a very controversial stable coin if you want to use a Stable coin, try True USD or USDC if tether cannot answer all these controversies I'm sure it will collapse someday.

That is just the best practical and sane move for anyone who is smart now. There are lots and lots of eyebrow and concerns with the tether team even being truthful, there is no transparency in the aspect of audit as well as they are just busy minting tether out of the blue.

I only pity those who are going to be caught holding tether when it eventually collapses. We have seen the scenario of something that would likely happen recently, and I hope people are really taking note to know they should not be thinking of tether as an option anymore. It is just a matter of time!

Yamifoud

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Quote from: Sinone on October 20, 2018, 06:58:30 PM

I think both possibilities has in Tether. A few days ago bitcoin suddenly pumped and reached at 6900 USD that time Tether price came at 95 USD if I am not wrong! So, collapse can happen or Tether always will remain strong!

Tether is just similar to other coin in the market. Yes it have a current low price as what we've seen but still it is still alive and moving. We can't particularly determine what will happen for these certain coin in the future cause the downtrend of its price isn't good enough to say that it will totally vanish in the market.

Laxus215

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Quote from: xfaqs01 on October 12, 2018, 05:28:31 PM

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

Yes there are negative news going on around about the tether in the market as they have failed to proove the backing of USDT tether pegged with US dollar in the audit. The things with the bank and bitfinex are not going well and they have parted ways. So it's better to make practical decision now and move on to another stable coins like GUSD, TUSD, USDC, PAX, or HUSD which are also fulfilling the same objectives and are backed by VCs.

nelson208

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https://arker.io

I hope yes, and they go to TrueUSD, better and real.

sockpuppet1911

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https://twitter.com/cryptomanran/status/1054072679488241664

So they are buying back the tokens under a dollar? and then issue new ones $1 a pop. All the fud is making them even richer.

https://twitter.com/cryptomanran/status/1054080450916990976

MuffinMaster

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Pepemo.vip

Quote from: ?? on ??

I think this completely depends on the fact if it's really 100% backed 1:1 by USD or if they were lying.
However it seems there are already many alternatives.

The audit showed that everything is fine - and I personally hope it is. The problem is that no one has checked the credibility of the auditing company.
If it turned out that Tether does not have coverage, it would be a disaster that would could trigger a crisis for the entire cryptocurrency market for many years.

Sinone

member

Activity: 597

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I think both possibilities has in Tether. A few days ago bitcoin suddenly pumped and reached at 6900 USD that time Tether price came at 95 USD if I am not wrong! So, collapse can happen or Tether always will remain strong!

raven.tiu17

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I hope it will so traders will jump into thr crypto and shill, Which I believe that the price of bitcoin will pump through. Let's trust the bitcoin protocol and its users.

Crypdon

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It would be safer to switch to other stablecoins like USDT or the newly created geminiUSD. Good to see better alternatives available, we should not be too over reliant on tether are the calamity late last year

aeternus

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Activity: 686

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Quote from: xfaqs01 on October 12, 2018, 05:28:31 PM

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

Tether has been criticized from the very beginning and not long ago there was an investigation to see if each tether was in fact backed by dollars and it seems this issue is begin put into question again, so if you want to get out of the market of cryptocurrencies or you want to protect your investment then just use dollars, there is not much of a point to use tether to begin with.

Alijiindahaus

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Activity: 406

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Quote from: r95222 on October 19, 2018, 01:46:19 PM

Quote from: Bidnant on October 19, 2018, 01:39:31 PM

Quote from: BitLendingClub on October 19, 2018, 01:13:42 PM

Quote from: KyberJaxx on October 19, 2018, 12:37:30 PM

I would not want to be a pessimist, but I think that Tether can make some unpleasant surprise in the future for the entire cryptographic market

Do you think that UDSC, PAX or TUSD more stable and valuable USDT? I wait when we will live without this streak USD worldwide. This is a main idea of cryptocurrency. Not for USD profit. But I have more and more doubt that it will happen

I heard the those coins (stable) have federal insurance. So they are more reliable.

Federal insurance? Yes, it's so serious Wink

I heard same about USDT whet Bitfinix started work with it only. Reliable bank with solid base says they. Try to research what is it USDC for example. After we can watch on the USD base and who is his owner actually. Sorry, nothing personal

guys, you can not argue about this. If this coin is really in demand in our society, then it should have the right to exist and to support all users of cryptocurrency. In any case, USDT saves cryptocurrency users from large fluctuations in the cryptocurrency market. I have repeatedly withdrawn my funds in the USDT when certain coins fell very low.

r95222

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Quote from: Bidnant on October 19, 2018, 01:39:31 PM

Quote from: BitLendingClub on October 19, 2018, 01:13:42 PM

Quote from: KyberJaxx on October 19, 2018, 12:37:30 PM

I would not want to be a pessimist, but I think that Tether can make some unpleasant surprise in the future for the entire cryptographic market

Do you think that UDSC, PAX or TUSD more stable and valuable USDT? I wait when we will live without this streak USD worldwide. This is a main idea of cryptocurrency. Not for USD profit. But I have more and more doubt that it will happen

I heard the those coins (stable) have federal insurance. So they are more reliable.

Federal insurance? Yes, it's so serious Wink

I heard same about USDT whet Bitfinix started work with it only. Reliable bank with solid base says they. Try to research what is it USDC for example. After we can watch on the USD base and who is his owner actually. Sorry, nothing personal

Bidnant

newbie

Activity: 15

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Quote from: BitLendingClub on October 19, 2018, 01:13:42 PM

Quote from: KyberJaxx on October 19, 2018, 12:37:30 PM

I would not want to be a pessimist, but I think that Tether can make some unpleasant surprise in the future for the entire cryptographic market

Do you think that UDSC, PAX or TUSD more stable and valuable USDT? I wait when we will live without this streak USD worldwide. This is a main idea of cryptocurrency. Not for USD profit. But I have more and more doubt that it will happen

I heard the those coins (stable) have federal insurance. So they are more reliable.

BitLendingClub

full member

Activity: 378

Merit: 101

Quote from: KyberJaxx on October 19, 2018, 12:37:30 PM

I would not want to be a pessimist, but I think that Tether can make some unpleasant surprise in the future for the entire cryptographic market

Do you think that UDSC, PAX or TUSD more stable and valuable USDT? I wait when we will live without this streak USD worldwide. This is a main idea of cryptocurrency. Not for USD profit. But I have more and more doubt that it will happen

KyberJaxx

jr. member

Activity: 168

Merit: 1

I would not want to be a pessimist, but I think that Tether can make some unpleasant surprise in the future for the entire cryptographic market

armarsterling7

member

Activity: 420

Merit: 10

Quote from: xfaqs01 on October 12, 2018, 05:28:31 PM

hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?

What are your thoughts?

It has been reported by some journalists that bad news about it and its price has gone down to $ 0.96. That was a very bad thing and it made the price of Bitcoin rise rapidly to $ 7k7. But I think this is a whale's strategy. They do so to investors who fear and buy Bitcoin. then the price of Bitcoin is high, they will sell it and Bitcoin has returned $ 6k5. Tether does not collapse, it's just being manipulated and exploited.

ajdaj

full member

Activity: 532

Merit: 100

Quote from: CowboyX on October 19, 2018, 08:04:30 AM

Quote from: Q2kc on October 18, 2018, 02:26:57 AM

Maybe the best move now is to stay away from Tether it is a very controversial stable coin if you want to use a Stable coin, try True USD or USDC if tether cannot answer all these controversies I'm sure it will collapse someday.

for some reason I think so too. My Tether is not credible at all. It is better to transfer altcoins immediately to Fiat

in any case, if attacks of certain groups of intruders began that manipulate the cryptocurrency market, they will still be plagued by that cryptocurrency, which is equivalent to a dollar.

CowboyX

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Quote from: Q2kc on October 18, 2018, 02:26:57 AM

Maybe the best move now is to stay away from Tether it is a very controversial stable coin if you want to use a Stable coin, try True USD or USDC if tether cannot answer all these controversies I'm sure it will collapse someday.

for some reason I think so too. My Tether is not credible at all. It is better to transfer altcoins immediately to Fiat

LDenis555

full member

Activity: 317

Merit: 100

Bitcoin is now at a crossroads: become a normal means of payment or die. The first is unlikely to suit you, since you have invested in bitcoin money - for the normal circulation of the bitcoin rate in relation to other currencies should be reduced to a reasonable.

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