Will Tether crash to $0? - page 8. | Bitcointalksearch.org

Hypnosis00

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Quote from: Clement Kaliyar on August 23, 2021, 06:43:35 PM

Quote from: Slow death on August 23, 2021, 05:21:04 PM

this data proves that people trust and use more USDT compared to other establecoins, so you can already imagine what it means, in a nutshell: you can keep using USDT and of course always with your eyes wide open so that if shit happens you will be safe

The evidence is that majority of the users trust USDT and may be because they are not aware of the issues that are brewing for years or they think that the team will overcome these and keep on running without much audit. It is really popular but that does not make it trustworthy. Will see what happens in the next 5 years seals it fate.

Can't argue with that data, and I would have thought so also if anyone asked. Tether, as much as it has been talked about, and the proof and evidence over the years, but if you go to an exchange, even P2P, it's USDT that people sell the most for your crypto. Best prices, best liquidity. Too big to fail they all believe. Sort of like Ripple, how people just believe it'll improve and get over their problems. For no other reason than that it's way too successful.

yeah, and I usually used stablecoins for my trading pairs with altcoins like USDT or BUSD. I don't see any reason to happen that stablecoins will collapse in the crypto market. Now that to see many or I think the majority are using Tether for trading the more it gains confidence that it never becomes $0. That only happens when the crypto market will stop but seeing it won't, in fact, we can see it continue to spread and keep on growing which obviously tells that more people are using this one.

South Park

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Quote from: Orange89 on August 22, 2021, 04:34:53 PM

Never ever it can't be happen as USDT also called as Stable coin that's backed by USD which is used in real currency and no one wants it's country money value to get 0$ that's why it is technically impossibly Yes you may see fluctuation as in compared to last year it had shown huge fluctuation but yes it can't be zero that's i am sure but again no one can predict the future

It is not impossible, why do you think satoshi took the time to create a decentralized currency in the first place? Because he knew that if he created a centralized one then he risked all the servers being confiscated and the coin going to zero, this is why bitcoin cannot be killed and governments are frustrated because of this, but when it comes to a centralized currency like USDT the only thing the governments need to do is to freeze the accounts with all of those dollars and then the coin will be backed by nothing, then people will lose confidence in the coin and it will crash to zero.

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Quote from: Slow death on August 23, 2021, 05:21:04 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?

Source: https://coinmarketcap.com/

this data proves that people trust and use more USDT compared to other establecoins, so you can already imagine what it means, in a nutshell: you can keep using USDT and of course always with your eyes wide open so that if shit happens you will be safe

we can see from the past that usdt has always been on top. this shows that the market capitalization of usdt is still large when compared to other stablecoins. how can we say the usdt is not safe, or will even be worth $0, will the usdt holders take all the funds, until there is no market cap left. I guess logically it's not like that

Clement Kaliyar

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Quote from: Slow death on August 23, 2021, 05:21:04 PM

this data proves that people trust and use more USDT compared to other establecoins, so you can already imagine what it means, in a nutshell: you can keep using USDT and of course always with your eyes wide open so that if shit happens you will be safe

The evidence is that majority of the users trust USDT and may be because they are not aware of the issues that are brewing for years or they think that the team will overcome these and keep on running without much audit. It is really popular but that does not make it trustworthy. Will see what happens in the next 5 years seals it fate.

Slow death

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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?

Source: https://coinmarketcap.com/

this data proves that people trust and use more USDT compared to other establecoins, so you can already imagine what it means, in a nutshell: you can keep using USDT and of course always with your eyes wide open so that if shit happens you will be safe

tabas

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Quote from: crzy on August 23, 2021, 04:55:17 PM

I don't think it will happen because $1 is already the basis for Tether so technically it wont reach up to $0 and imagine that topic was created since 2017 and four years after the price of Tether is still the same so don't think about this one because the market is getting better and we need a stable token to at least secure our funds and Tether is one of the best option for that.

Tether is unlikely to crash but there's a handful of stable coins that just lost their value. I don't know how exactly it happened but there's a chance that it can too.
Maybe not with Tether or it could be.

crzy

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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 don't think it will happen because $1 is already the basis for Tether so technically it wont reach up to $0 and imagine that topic was created since 2017 and four years after the price of Tether is still the same so don't think about this one because the market is getting better and we need a stable token to at least secure our funds and Tether is one of the best option for that.

Fivestar4everMVP

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Well, ive been using tether usdt since I started my journey into stable coins, aside the fact I sometimes make use of BUSD on binance or trust wallet, usdt have been my most trusted stablecoin of choice.
Recently, alot of controversial news began to come up around tether which for sure will make anyone worry most especially when money is involved, but since this issues started around tether, nothing has really changed, the stablecoin continues to stand strong and even gain more users, so personally, I believe that tether isn't crashing to 0 anytime soon, this is if it will ever, maybe some day, a better stable coin might surface and people shift from tether, but that does not mean tether is returning to 0.

Fredomago

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Quote from: irixo10 on August 23, 2021, 02:36:41 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?

There have been many scenarios where Tether was said to face SEC, in fact there have been many cases which people said were filed against Tether for a long time now, but yet here it is, with the biggest market cap when it comes to stablecoins. For a platform as big as Tether I find it hard to believe that it will ever crash to $0 not after all these years and moreover the team are doing a good work in making the coin available through many blockchain networks. Also, taking the case of Ripple as an example, even with all the tough cases it faced against SEC, it still didn't crash that is to say, most of these big projects which have been developing for a long time now, will hardly crash to $0.
In my opinion, I would say it better to use more than one stablecoins, Tether is good quite alright but having another in addition to Tether is also better.

Much better, if you are doubting this stable coin then use other alternatives there are many stable coins now inside the market.

You can pick one of those or use multiple to secure your funds, though just like how you explained it, been a long time since we seen those issues about tether but still the coin still usable and traders still enjoying it,.

Crashing to zero still far to happened unless a major problem take place inside the project itself.

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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?

USDT is a very good stable coin we has a market cap of a out $65k showing that a lots of traders and investors are holders of USDT. This coin is the best stable coin I've known for long now and I don't think there is any reasons that will make it fall to zero. I think op needs to make good research on this coin to really know it value.

I always convert my other volatility coins to usdt in order to be safe especially when the market is falling and there is no way I can keep on holding the them, so I usually convert them to usdt until the market is positive again before I will change it back.

irixo10

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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?

There have been many scenarios where Tether was said to face SEC, in fact there have been many cases which people said were filed against Tether for a long time now, but yet here it is, with the biggest market cap when it comes to stablecoins. For a platform as big as Tether I find it hard to believe that it will ever crash to $0 not after all these years and moreover the team are doing a good work in making the coin available through many blockchain networks. Also, taking the case of Ripple as an example, even with all the tough cases it faced against SEC, it still didn't crash that is to say, most of these big projects which have been developing for a long time now, will hardly crash to $0.
In my opinion, I would say it better to use more than one stablecoins, Tether is good quite alright but having another in addition to Tether is also better.

Ruvi2000sew

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I believe it is still safe as long as there are transactions, especially for altcoins like Tether. The problem of dropping pricing can be caused by a variety of circumstances. You can check how the Tether coin's Trading Volume grew by 2.6 percent today to determine whether it is safe to preserve cash.

speedforce

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Its impossible, to many people backed the price and see the drop as the opportunity to take profit after.
So if the price goin down for some percentage, it will going back to normal really fast.

Orange89

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Never ever it can't be happen as USDT also called as Stable coin that's backed by USD which is used in real currency and no one wants it's country money value to get 0$ that's why it is technically impossibly Yes you may see fluctuation as in compared to last year it had shown huge fluctuation but yes it can't be zero that's i am sure but again no one can predict the future

Chato1977

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Nope, tether had been here for long and the first ever popular stable coin , I also had hold tether for years .
i trust this coin and i know that there is a safer place for this to keep.

Quote from: Samurai trieng on August 21, 2021, 02:58:24 PM

I don't believe if tether crashes to $0, because in my opinion this altcoin has great potential even though its current growth is very slow, but the movement of this altcoin is very stable, rising not too high and falling not too flashy, very suitable as a long-term investment.

Like all of us do.

domoy77

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Quote from: Samurai trieng on August 21, 2021, 02:58:24 PM

I don't believe if tether crashes to $0, because in my opinion this altcoin has great potential even though its current growth is very slow, but the movement of this altcoin is very stable, rising not too high and falling not too flashy, very suitable as a long-term investment.

Hehe sometimes I laugh reading your statement Grin

, it seems you don't know what Tether is, Ok, let me explain a little about this that Tether is a stable coin whose security to use it is very large and also very strong because of the large number of pairs with Altcoins, so potentially it it's fixed and won't experience growth on the price side because it's a stablecoin, so its ups and downs only occur in very low percentage sizes, so I think this is very clear for you to understand.

litepool.ru

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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?

There's no reason for me to think USDT is $0, because it's already defaulted to value. Many may argue that it is insecure and lacks transparency, but those are just small comments for the value it has brought in the market.

Samurai trieng

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I don't believe if tether crashes to $0, because in my opinion this altcoin has great potential even though its current growth is very slow, but the movement of this altcoin is very stable, rising not too high and falling not too flashy, very suitable as a long-term investment.

South Park

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Quote from: Shohanur on August 18, 2021, 03:03:07 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?

We are not in 2017 and we are now in 2021. We should think about smartly. It won't be happened with tether because it is one of the popular and most establish. I think it is safe to hold funds on tether.

Just because it has not happened yet we cannot really say that it is never going to happen in the future, this is flawed thinking, is true that USDT has been a coin that has performed up to the expectations of the market but that doesn't mean that this is going to keep being the case forever, and we have evidence of this being the case with thousands of coins that many people thought will skyrocket and make them rich only for the opposite to happen, so you need to always be ready to get rid of any coin no matter how stable it may seem.

arifteguhr

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Quote from: lenovop-70 on August 20, 2021, 11:18:38 PM

You were right, and i am do agree with your opinion, Tether is stable coin wich is did not have ability to increase or decrease sharply, and as we know Tether is favourite trading pair besides BTC and ETH, so he will long last as cryptocurrencies grown in the next day.

Tether will never grow as long as the value of the USD fiat currency does not grow, because the value of Tether is always equated with the value of fiat USD in general, so that is what makes Tether called a stable coin that will last a long time in cryptocurrency.

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