Tether ranked 3rd on CMC

Fragmaster

Senior Member

Apr 3, 2016

986

1,445

• May 15, 2020

• #1

Cancer of crypto, USDT is eating us alive.

What do you think happens next?

Will it be market crash, strict regulation or something else?

 

addictedtolearning

Regular Member

Sep 1, 2019

441

321

• May 15, 2020

• #2

Dump on all the "late" (recent) buyers and then continue upward.

 

ibansepacom

Registered Member

Jul 9, 2020

57

11

• Jul 14, 2020

• #3

it will definitely fail
but nobody knows when... or may be some us prosecutors do

 

J

jasonforrest

Regular Member

Jun 30, 2014

434

143

• Jul 14, 2020

• #4

If people are really concerned about tether they need to use BUSD, USDC, GUSD or the many other choices. Before when USDT was our only stable coin it had the capacity to really cripple entire crypto market, now i think it'd be much less significant, since there are tons of others we can use.

Ofc if Tether did fall, it would be a harsh few months. But also keep in mind, Tether won't fall easily. They've been under attack since many years ago.

 

defi logic

Regular Member

Apr 22, 2012

228

85

• Jul 14, 2020

• #5

This is a myth.. Tether has the reserve and noone has proved otherwise.

Bitfinex'd? Is that you?

 

J

jasonforrest

Regular Member

Jun 30, 2014

434

143

• Jul 14, 2020

• #6

praer said:

This is a myth.. Tether has the reserve and noone has proved otherwise.

Bitfinex'd? Is that you?

Click to expand...

Agreed!
And Bitfinex'd LOL. That guy was #1 Bitcoin troll for a while (via USDT FUD)

 

ibansepacom

Registered Member

Jul 9, 2020

57

11

• Jul 14, 2020

• #7

praer said:

This is a myth.. Tether has the reserve and noone has proved otherwise.

Click to expand...

They have, but not 100%
And use it to bid on secondary markets causing massive conflict of interest

 

defi logic

Regular Member

Apr 22, 2012

228

85

• Jul 14, 2020

• #8

ibansepacom said:

They have, but not 100%
And use it to bid on secondary markets causing massive conflict of interest

Click to expand...

Proof?

 

ibansepacom

Registered Member

Jul 9, 2020

57

11

• Jul 14, 2020

• #9

https://www.forbes.com/sites/francescoppola/2019/03/14/tethers-u-s-dollar-peg-is-no-longer-credible/#66cac6dc451b
and they never revealed what assets do they have where to back the token
and auditor declined to work with them as no auditor will say they are backed
also talk to professional marketmakers like pyfagoras, qcp capital, cumberland, jump trading - all they were motivated in hard cash to bid usdt when it fell below parity