Will Tether crash to $0? | Bitcointalksearch.org

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Quote from: Abiky on July 28, 2023, 04:49:10 PM

If they play by the rules, there should be nothing to worry about. But I have a feeling people will trust CBDCs more than stablecoins, because they will be backed by the government. Tether's been known to have a shady past, so I'd proceed with caution.

If you want something reliable (sort of), then I'd advise you sell your crypto to Fiat (especially the USD). Ultimately, the market will determine the fate of stablecoins like Tether and USD Coin. Who knows if they're eventually replaced by CBDCs? Just my thoughts Grin

I wouldn't really compare them. USDT is just pegged to fiat money, backed by fiat money, while CBDC is a platform to move actual fiat money in a new way.
But i am not following your logic why people should sell their crypto for Fiat. Sure, if you don't want volatility, you can keep your money in usd which will slowly lose value. Plus side for it is that it won't probably crash in a day, and even if it would, so would everything else.

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Quote from: bitkanu on May 05, 2023, 06:48:18 PM

what important is not popularity, its whether the reserved funds of tether as a company matched with their total supply, we all know stablecoin backed by something in retaining its value and if it didn't match it only means one thing, a disaster.

If they play by the rules, there should be nothing to worry about. But I have a feeling people will trust CBDCs more than stablecoins, because they will be backed by the government. Tether's been known to have a shady past, so I'd proceed with caution.

If you want something reliable (sort of), then I'd advise you sell your crypto to Fiat (especially the USD). Ultimately, the market will determine the fate of stablecoins like Tether and USD Coin. Who knows if they're eventually replaced by CBDCs? Just my thoughts Grin

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Yes it's can happen. Now people will say you don't know nothing it's pegged to 1$ blah blah. Cheesy

Look what happened to USDC, UST. In this mortal world nothing is permanent. It's also applies to USDT. So don't keep all your money in USDT, divide it invest or keep in different ways. Cuz you know that there is an old saying "Never put your all eggs in the same basket". I learned my lesson from UST crash and also FTX, Celsius incidents. Cool

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Quote from: BuyingBitcoin on August 09, 2021, 11:11:25 PM

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

I think obviously right you told. But in 2021 stable coin crash. It was an exceiden i think. After that all cryptocurrency price are ok ńow. There are many ways to found and learn properly. If we saw to ust, usdc and ftx we will see how it crashed. So i think anything is possible. Ustd is strong project there has no doubt. But we couldn’t tell strongly that it will never crash. But we tell that Tether is strong project so possibility to crush this coin is very tuff.

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Quote from: Amejoaquim on July 16, 2023, 01:05:13 AM

Everything possible in crypto investment. LUNA and FTX has giving us a big lesson, we can't trust no one in this kind of investment. So, just don't be greedy and never spend money you can't afford to lose. Crypto is very volatile.

If we refer to what you said, I totally agree that nothing lasts forever and it is possible that anything will happen because the name of investment is always associated with the worst risk, which is, of course, losing the invested funds because they are no longer worth it.
There have been experiences that have occurred, and this will certainly teach you to always do whatever might happen.
But in my opinion, and the possibility could be wrong, ethereum will certainly be different from what has happened because, until now, ethereum has been a highly sought-after asset and is the target of investors, so if there is even the slightest movement, someone will intervene to prevent it from happening. Ethereum is almost as highly coveted as bitcoin.

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Everything possible in crypto investment. LUNA and FTX has giving us a big lesson, we can't trust no one in this kind of investment. So, just don't be greedy and never spend money you can't afford to lose. Crypto is very volatile.

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Quote from: barhavsky on May 05, 2023, 03:47:54 PM

Quote from: BuyingBitcoin on August 09, 2021, 11:11:25 PM

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

in my opinion Tether is still safe to hold my funds, because Tether is still popular and many people are still using Tether to hold the money (seen from the volume of Tether which is still high), thus making Tether safe to use and hold, so as long as there are still many people who support Tether and until then Tether is still safe and feasible to use.

it's most certainly gonna be safe for the upcoming decades, I think it's actually quite easy to determine whether a stablecoin like tether is safe to use that is by seeing if the accounted money in reserve equal to the money in distribution basically doesn't reflect something wrong going on, I think tether has been consistently releasing the detailed information of their reserve to public and I think that alone enough to make them trusted.
but the thing is, we never know if something gonna goes wrong like ust by luna where the money suddenly vanish into thin air, but honestly the case with luna's ust and usdt is definitely different stablecoin with different mechanism. so can't really compare each other.

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Quote from: Sebas.tian on April 26, 2023, 12:26:16 AM

Yes, Tether is very safe to hold my funds because their teams are potential team and they are very ready to do everything possible to ensure the price of Tether continue to increase higher to enable their investors have every reason to invest in tether again.

Looks like you have no idea about Tether Tongue

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Quote from: Sebas.tian on April 26, 2023, 12:26:16 AM

Now that the Tether price has increased to $1 showed that before the end of next year 2024 the price of Tether will hit $2 to allow those long term holders to make a huge amount of money from their investments. If you have the money to invest on a stablcoins, I will advise you to invest in Tether because there is a hope that the price will increase more in future which will be favourable to those that will invest now.

The team claims that they are backed by the US dollar on a 1:1 ratio and you can expecting that to reach $2 Roll Eyes

Quote from: Abiky on April 27, 2023, 11:25:42 AM

~
What's surprising is that in the midst of the banking crisis, Tether managed to retain its peg against the US Dollar. Other well-known stablecoins collapsed (mainly USDC and DAI) for a short period of time because of this. Either Tether is being heavily-manipulated on the market, or there's something else going on. With the issuing company (Bitfinex) adding new units of USDT to the supply, I'd take this stablecoin with a grain of salt.

It is heavily manipulated and minting new coins without any proof of backing and with all the issues with regulators and their claims that it is backed entirely was false and hence i will think twice holding them as a stable currency.

Quote from: Abiky on April 27, 2023, 11:25:42 AM

You can never trust something that's isn't officially backed by the government (with the exception of Bitcoin and some other decentralized coins). If stablecoins are banned by the US government, you can say goodbye to your money for good. Who knows how long will USDT last? Just my opinion

If a project is able to provide the audit report where everyone can verify regarding the actual money that is backed then you can trust them.

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Quote from: barhavsky on May 05, 2023, 03:47:54 PM

Quote from: BuyingBitcoin on August 09, 2021, 11:11:25 PM

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

in my opinion Tether is still safe to hold my funds, because Tether is still popular and many people are still using Tether to hold the money (seen from the volume of Tether which is still high), thus making Tether safe to use and hold, so as long as there are still many people who support Tether and until then Tether is still safe and feasible to use.

There are no guarantee with any stable coin on the market if you believe it or not that's upto you. Yeah, Tether (USDT) is the most renowned and popular stable coin as per as it’s uses against in every coin trading in the exchanges but that's doesn't mean it’s safe to hold in the long term.

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Quote from: barhavsky on May 05, 2023, 03:47:54 PM

Quote from: BuyingBitcoin on August 09, 2021, 11:11:25 PM

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

in my opinion Tether is still safe to hold my funds, because Tether is still popular and many people are still using Tether to hold the money (seen from the volume of Tether which is still high), thus making Tether safe to use and hold, so as long as there are still many people who support Tether and until then Tether is still safe and feasible to use.

what important is not popularity, its whether the reserved funds of tether as a company matched with their total supply, we all know stablecoin backed by something in retaining its value and if it didn't match it only means one thing, a disaster.

lobo13hf

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if tether is not safe and could crash to zero, I wonder which stablecoin actually is safe enough, tether has been standing for so long I doubt it could crash rather easily.
instead, it will always be the most trusted stablecoin ever, it's among the pioneer, it's gonna stands for many years into the future.

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Quote from: barhavsky on May 05, 2023, 03:47:54 PM

in my opinion Tether is still safe to hold my funds, because Tether is still popular and many people are still using Tether to hold the money (seen from the volume of Tether which is still high), thus making Tether safe to use and hold, so as long as there are still many people who support Tether and until then Tether is still safe and feasible to use.

However, popularity doesn't guarantee that Tether to survive for a long time. If it has a problem/case in the near future, it may crash the value. XRP is one of the examples of crypto coins that ever crashed because it has a problem with SEC. Also, many people who hold Tether, can't guarantee anything. They hold Tether now because it has good popularity. But when it is no longer as popular as now, people may move their money (funds) from Tether to another stablecoin. Don't fully 100% trust on stable coin!!

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Quote from: BuyingBitcoin on August 09, 2021, 11:11:25 PM

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

in my opinion Tether is still safe to hold my funds, because Tether is still popular and many people are still using Tether to hold the money (seen from the volume of Tether which is still high), thus making Tether safe to use and hold, so as long as there are still many people who support Tether and until then Tether is still safe and feasible to use.

Abiky

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Quote from: Wiwo on April 25, 2023, 04:32:04 PM

Tether is centralized and pegged to the US dollars which give it some level of credibility, but the assurance is not there that it can be impossible to crashed to zero then also we can have some rare situations that can force the price to crash below recovery and one of such situation is were there is a back in tether network, this could impact its price beyond recovery level and also if the big bag holders decide to walk away pulling an exit one on the remaining tether communities.

Or a government policy could also force its price to fall below that recovery benchmark mark, so even though it seems impossible for the tether to crash to zero, it is also important we are aware of thepossibility for that happen also.

What's surprising is that in the midst of the banking crisis, Tether managed to retain its peg against the US Dollar. Other well-known stablecoins collapsed (mainly USDC and DAI) for a short period of time because of this. Either Tether is being heavily-manipulated on the market, or there's something else going on. With the issuing company (Bitfinex) adding new units of USDT to the supply, I'd take this stablecoin with a grain of salt.

You can never trust something that's isn't officially backed by the government (with the exception of Bitcoin and some other decentralized coins). If stablecoins are banned by the US government, you can say goodbye to your money for good. Who knows how long will USDT last? Just my opinion

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Quote from: BuyingBitcoin

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Yes, Tether is very safe to hold my funds because their teams are potential team and they are very ready to do everything possible to ensure the price of Tether continue to increase higher to enable their investors have every reason to invest in tether again. Now that the Tether price has increased to $1 showed that before the end of next year 2024 the price of Tether will hit $2 to allow those long term holders to make a huge amount of money from their investments. If you have the money to invest on a stablcoins, I will advise you to invest in Tether because there is a hope that the price will increase more in future which will be favourable to those that will invest now.

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Quote from: kevinzxz on April 25, 2023, 12:06:01 PM

Quote from: BuyingBitcoin on August 09, 2021, 11:11:25 PM

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

of course it's still safe, because the possibility that the price of Tether can become $0 is very small, so of course your funds will be safe in Tether, especially now that Tether is a very popular stable coin, so it's very difficult for the price of Tehter to be $0 and if that happens, then I believe it is a bad sign for cryptocurrencies (bad news).

many are trusting tether so much already, even if tether did withdraw it reserve fund about 50% i'm sure many gonna gets confused and still use tether anyway.
i think it becoming zero is really difficult unless the company itself declared bankruptcy or even doing some underhanded methods.

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Quote from: BuyingBitcoin on August 09, 2021, 11:11:25 PM

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

Tether is centralized and pegged to the US dollars which give it some level of credibility, but the assurance is not there that it can be impossible to crashed to zero then also we can have some rare situations that can force the price to crash below recovery and one of such situation is were there is a back in tether network, this could impact its price beyond recovery level and also if the big bag holders decide to walk away pulling an exit one on the remaining tether communities.

Or a government policy could also force its price to fall below that recovery benchmark mark, so even though it seems impossible for the tether to crash to zero, it is also important we are aware of thepossibility for that happen also.

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Quote from: BuyingBitcoin on August 09, 2021, 11:11:25 PM

Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?

of course it's still safe, because the possibility that the price of Tether can become $0 is very small, so of course your funds will be safe in Tether, especially now that Tether is a very popular stable coin, so it's very difficult for the price of Tehter to be $0 and if that happens, then I believe it is a bad sign for cryptocurrencies (bad news).

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Quote from: Weawant on April 08, 2023, 10:42:15 PM

Don't trust any stablecoin, they can all crash at any moment, Tether is the oldest of the stablecoin and has gone through more FUD than any other one yet it's still standing and that's because it's very centralized.

I think because there are so many companies invested in tether stablecoin that's why it's still holding strong. Tether has drop to below $1 on several occasions but it has always bounced back and that's good for the market.

If tether was to collapse like other stablecoin, this might make the market lose trust in stablecoin entirely and that'll be very difficult for the market to operate without stablecoin as they are the saviors when price is dumping.

I'd rather trust a CBDC than a stablecoin, simply because it's backed by the government. The latter is issued by a private company, who doesn't provide the same protections or guarantees as banks do with Fiat deposits. I think stablecoins will die in the long run due to their heavily-centralized nature.

Governments will simply force stablecoin issuers to shut down their operations to pave the way for CDBCs to take over the world. Only decentralized cryptocurrencies like BTC and ETH will survive a lifetime. Who knows for how long Tether (USDT) will be able to hold its peg to the US Dollar? Just my thoughts Grin

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Quote from: JayTrain on April 09, 2023, 02:45:33 PM

It's important to note that Tether has faced controversy and skepticism over its transparency and reserves in the past. However, it still remains one of the most widely used stablecoins in the cryptocurrency market. Whether or not it is safe to hold funds in Tether ultimately depends on an individual's risk tolerance and belief in the stability and transparency of the stablecoin.

There are no problems with Tether, they are completely transparent and Tether also has no bad news and is completely safe in this crypto world,
moreover, USDT has been adopted by many exchanges so don't worry about the price of USDT in the future.

Topic: Will Tether crash to $0? (Read 2045 times)