follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: Why should I trust Tether?  (Read 5593 times)

Offline KobbyC

  • Full Member
  • *
  • Activity: 276
  • points:
    1639
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 4
  • Last Active: July 27, 2021, 08:40:22 PM
    • View Profile

  • Total Badges: 18
    Badges: (View All)
    10 Posts First Post Sixth year Anniversary
Why should I trust Tether?
« on: June 20, 2018, 08:23:39 AM »
People are saying tether is a scam, how true is this, why should I trust Tether?

Altcoins Talks - Cryptocurrency Forum

Why should I trust Tether?
« on: June 20, 2018, 08:23:39 AM »

For Monthly biddings Check Here


Offline altcoingamer

  • Hero Member
  • *
  • Activity: 1117
  • points:
    242
  • Karma: 24
  • Trade Count: (0)
  • Referrals: 11
  • Last Active: September 01, 2020, 06:02:18 AM
    • View Profile

  • Total Badges: 18
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Why should I trust Tether?
« Reply #1 on: June 20, 2018, 10:49:38 AM »
The short answer is you really shouldn't... The danger you play with this coin is if you are holding large amounts of USDT And you go to sleep one night and you wake up that there was an investigation and dollar per dollar that tether wasn't backed up in a bank account by Bitfinex, and there will be MASSIVE panic (the whole crypto world will feel the pain but if you have large amounts of tether, your portfolio could go to almost nothing in a few hours).   We all use USDT for an hour or maybe even 12-24 hours, but every time you touch it is like playing with fire!   Until there is some serious audit that shows look, there's no worry of this, I am very VERY concerned.

Offline Kitcho

  • Hero Member
  • *
  • Activity: 805
  • points:
    3113
  • Karma: 7
  • https://luckygames.io/?ref=32370165
  • Trade Count: (0)
  • Referrals: 2
  • Last Active: February 14, 2020, 05:58:24 PM
    • View Profile

  • Total Badges: 17
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Why should I trust Tether?
« Reply #2 on: June 24, 2018, 12:20:19 PM »
The short answer is you really shouldn't... The danger you play with this coin is if you are holding large amounts of USDT And you go to sleep one night and you wake up that there was an investigation and dollar per dollar that tether wasn't backed up in a bank account by Bitfinex, and there will be MASSIVE panic (the whole crypto world will feel the pain but if you have large amounts of tether, your portfolio could go to almost nothing in a few hours).   We all use USDT for an hour or maybe even 12-24 hours, but every time you touch it is like playing with fire!   Until there is some serious audit that shows look, there's no worry of this, I am very VERY concerned.

Hello altcoingamer ,

Thanks for your answer, I give you a Karma for your participation .  ;D

Offline sugarchrisp

  • Hero Member
  • *
  • Activity: 847
  • points:
    5443
  • Karma: 16
  • Beyond Protocol Street Team
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: July 09, 2021, 04:21:10 PM
    • View Profile

  • Total Badges: 19
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Why should I trust Tether?
« Reply #3 on: June 25, 2018, 06:36:34 AM »
I don't think you should necessarily trust tether, they aren't really backed by anything and can create more of their currency whenever they want.  It's honestly somewhat concerning, I wouldn't keep much money in it for very long.
Beyond Protocol Street Team
http://beyond.link | Coming Fall 2021
Official altcoinstalks thread

Offline laiya94

  • Jr. Member
  • *
  • Activity: 78
  • points:
    347
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: May 24, 2020, 12:22:51 PM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    Topic Starter 50 Posts 10 Posts
Re: Why should I trust Tether?
« Reply #4 on: July 01, 2018, 05:35:19 AM »
If you able to see the history of the tether all the time it's worth 1 us dollar so if you able to convert you BTC and ETH into Tether in a higher stage you will able to buy more at the dip because Tether never scales with BTC or ETH.

Offline trofim21

  • Hero Member
  • *
  • Activity: 708
  • points:
    5735
  • Karma: 1
  • bitgame
  • Trade Count: (0)
  • Referrals: 3
  • Last Active: April 11, 2022, 10:56:33 PM
    • View Profile

  • Total Badges: 18
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Why should I trust Tether?
« Reply #5 on: July 07, 2018, 12:34:42 AM »
why buy this coin, it is created for quick purchases, to keep this coin for a long time I do not advise

Offline altcoingamer

  • Hero Member
  • *
  • Activity: 1117
  • points:
    242
  • Karma: 24
  • Trade Count: (0)
  • Referrals: 11
  • Last Active: September 01, 2020, 06:02:18 AM
    • View Profile

  • Total Badges: 18
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Why should I trust Tether?
« Reply #6 on: July 08, 2018, 03:46:36 AM »
The short answer is you really shouldn't... The danger you play with this coin is if you are holding large amounts of USDT And you go to sleep one night and you wake up that there was an investigation and dollar per dollar that tether wasn't backed up in a bank account by Bitfinex, and there will be MASSIVE panic (the whole crypto world will feel the pain but if you have large amounts of tether, your portfolio could go to almost nothing in a few hours).   We all use USDT for an hour or maybe even 12-24 hours, but every time you touch it is like playing with fire!   Until there is some serious audit that shows look, there's no worry of this, I am very VERY concerned.

Hello altcoingamer ,

Thanks for your answer, I give you a Karma for your participation .  ;D

Thank you so mu ch!  Apparently theres an ex FBI guy who looked into it and he says its all backed up?  I still don't trust this coin fully and never will, but I pray for its safety because if Tether ends up being a scam, all of crypto is going to be in trouble.. its too engrained into the infastructure.

Altcoins Talks - Cryptocurrency Forum

Re: Why should I trust Tether?
« Reply #6 on: July 08, 2018, 03:46:36 AM »


Offline CryptoZenWorld

  • Sr. Member
  • *
  • *
  • Activity: 601
  • points:
    1
  • Karma: 20
  • ShowMeBiz-New Era of Exhibition Industry
  • Trade Count: (0)
  • Referrals: 7
  • Last Active: April 05, 2020, 10:12:25 AM
    • View Profile

  • Total Badges: 20
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Why should I trust Tether?
« Reply #7 on: July 10, 2018, 12:38:09 AM »
There is no need to trust Tether. Because Tether itself has hidden his face to reveal his truth and as there is no legit third party to audit. Tether has not posted their audited accounts for several months, they had a contract with an auditing firm called Friedman LLP but was recently terminated for ‘unknown’ reasons.

So, why Tether still exists?

Tether argue that it's value is equal to 1 usd . Basically, it is just a statement but has no proof. USDT is not actually backed by the dollar at all.

So, why people still use Tether?

Mainly, people use Tether to make quick cash to USD of a large amount of Cryptocurrency when the market of cryptocurrency become cashless and the price goes down.

So, Tether is best for making hard cash, not for long-term investment. Because there is no secure reason to hold it.

Bitfinex supporting USDT and using USDT to manipulate the price of cryptocurrencies, especially Bitcoin.

So, just stay away from USDT. There is lots of trusted coins out there.

Thanks.
█████████
███
██████

█████████████
███████████████████
███████████████████
█████████████████
██████████████████
████████████████
█████████████████
██████████████████████
████████████████████████
█████████████████████████
████████████████████████
████████████████████████
███████████████
████████████████
██████████████████
█████████████████
███████████████████
███████████████████
█████████████
███████
███████
████
███████████


.ExpoCoin


























  №1 platform for Exhibition Industry
  Revenue sharing platform
  Highly secure platform














Offline natmuller68

  • Sr. Member
  • *
  • Activity: 357
  • points:
    1045
  • Karma: 3
  • Trade Count: (0)
  • Referrals: 2
  • Last Active: January 02, 2019, 01:18:02 PM
    • View Profile

  • Total Badges: 15
    Badges: (View All)
    Topic Starter 100 Posts 50 Posts
Re: Why should I trust Tether?
« Reply #8 on: July 14, 2018, 11:22:40 AM »
Hi ,

Never trust totaly a crypto coin because you never know if its a scam or not, even though it's really well presented.
|                   
||||              |||
||||||          |||||
|||||||||    ||||||||
|||||||||||||||||||||
|||| ||||||||||| ||||
||||    ||||||   ||||
||||      |      ||||
||||             ||||
||||||           ||||
 |||||||         ||||
   ||||||||      ||||
     ||||||||      ||
|      ||||||||     
|||       |||||||   
||||        ||||||||
||||           ||||||
||||             ||||
||||             ||||
|||||           |||||
||||||||      |||||||
   ||||||| |||||||| 
     ||||||||||||   
       |||||||       
         |||         
MyShield|                   
||||              |||
||||||          |||||
|||||||||    ||||||||
|||||||||||||||||||||
|||| ||||||||||| ||||
||||    ||||||   ||||
||||      |      ||||
||||             ||||
||||||           ||||
 |||||||         ||||
   ||||||||      ||||
     ||||||||      ||
|      ||||||||     
|||       |||||||   
||||        ||||||||
||||           ||||||
||||             ||||
||||             ||||
|||||           |||||
||||||||      |||||||
   ||||||| |||||||| 
     ||||||||||||   
       |||||||       
         |||         
Telegram | Twitter | Facebook | AltcoinTalk | Youtube | Reddit
[/td][/tr][/table]

Offline ASTRO77

  • Full Member
  • *
  • Activity: 141
  • points:
    421
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: July 23, 2019, 09:56:24 PM
    • View Profile

  • Total Badges: 16
    Badges: (View All)
    Topic Starter 100 Posts 50 Posts
Re: Why should I trust Tether?
« Reply #9 on: July 22, 2018, 02:01:36 PM »
Tether has got lot of promising ideas under its cap and some good team to back them up. So if they are successful with their ideas, they are definitely going to outshine other crypto.

Offline levyashin

  • Sr. Member
  • *
  • *
  • Activity: 448
  • points:
    806
  • Karma: 24
  • Trade Count: (0)
  • Referrals: 14
  • Last Active: January 05, 2022, 06:26:50 AM
    • View Profile

  • Total Badges: 16
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Why should I trust Tether?
« Reply #10 on: July 28, 2018, 08:13:47 AM »
I think you shouldn't trust tether. I never hold any of it. If you really must, i suggest holding for a little time.

They say that they have every tether backing with us dollars they have on reserve. But they are not showing any audit reports. And i don't think they have more than 2 billion dollars on reserve.

So it is a ticking time bomb.

Offline bdamenaakter

  • Plagiarism strike
  • Full Member
  • *
  • Activity: 244
  • points:
    423
  • Karma: -38
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 30, 2019, 12:24:01 PM
    • View Profile

  • Total Badges: 16
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Why should I trust Tether?
« Reply #11 on: October 02, 2018, 03:41:00 PM »
About as much as I trust any fiat currency, to be honest. Which in reality means, I use it if I have to, but I don't hold on to it for longer than I need. They're almost the same thing, in my view, one pegged to the other. Both can and always regularly are created out of thin air. Got to "respect" their audacity I suppose. And as long as we keep using Tether, I guess we can only grumble as we feed the system. We can pretend to be against something but if we use it, we should not get too uptight.

Offline Carbitcoin

  • Legendary
  • *
  • Activity: 1377
  • points:
    41820
  • Karma: 135
  • Binance #SWGT and CERTIK Audited
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 20, 2024, 04:26:50 PM
    • View Profile

  • Total Badges: 23
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary Quick Poster
Re: Why should I trust Tether?
« Reply #12 on: October 07, 2018, 01:56:25 PM »
Tether has got lot of promising ideas under its cap and some good team to back them up. So if they are successful with their ideas, they are definitely going to outshine other crypto.
if the USDT will actually remain the most stable coin, then its demand in the cryptocurrency market will return several times.
SWG.IO.
Smart World
Global Token
.
▒▒▒▒▒▒▒▒▒▒▒▄██▄
▒▒▒▒▒▒▒▒▒▄██████▄
▒▒▒▒▒▒▒▄██████████▄
▒▒▒▒▒▄█████▀▒▒▀█████▄
▒▒▒▒▒▀██▒▒▒▄▄▒▒▒▀█▀▒▒▒
▄███▄▒▒▒▒▒▄████▄▒▒▒▒▒▄███▄
▀██▀▒▒▒▒▒▀████▀▒▒▒▒▒▀██▀
▒▒▒▒▒▒▄██▄▒▒▀▀▒▒▄██▄
▒▒▒▒▒▀█████▄▒▒▄█████▀
▒▒▒▒▒▒▒▀██████████▀
▒▒▒▒▒▒▒▒▒▀██████▀
▒▒▒▒▒▒▒▒▒▒▒▀██▀
BINANCE
#SWGT
.
█▀▀▀










█▄▄▄
.BUY NOW.
▀▀▀█










▄▄▄█
███  ICOHOLDER  ███
✅ TOP-3 PRE-SALE
✅ 4.45 RATING
.

Offline waitingforday

  • Jr. Member
  • *
  • Activity: 59
  • points:
    204
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: November 23, 2018, 01:21:54 PM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Why should I trust Tether?
« Reply #13 on: October 09, 2018, 11:15:50 AM »
really good question, no audit, no real proof that money are real. If its all fall apart for market its gonna be huge problem

Offline Gunung_ulo

  • Sr. Member
  • *
  • Activity: 349
  • points:
    586
  • Karma: 0
  • EndChain - Complete Logistical Solution
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: January 13, 2019, 11:40:28 PM
    • View Profile

  • Total Badges: 14
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Why should I trust Tether?
« Reply #14 on: October 31, 2018, 03:15:47 AM »
USDT is very good and I also strongly believe in USDT, and I am sure that in the future it will become very popular and very profitable for us if we hold back until prices rise again.

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod