So I've been storing my earnings in USDT while I sleep; just asking what everyone thinks about how safe it is?
It seems to have been pretty stable since April.
Using USDT to sleep
Samuel Taylor
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Dylan Jenkins
I bought 5,000 USDT after a few days of analyzing graphs. Stable for so long, a moon is way overdue.
Christopher Wilson
kek
Colton Sanders
It's owned by bitfinex and they have recently been issuing it in 25 million dollar increments. The board members of bitfinex use it to trade on bitfinex, and use spoof trades and wash trades. The worst part of this is that Wells Fargo stopped partnering with them for banking back in April, and they've issued several hundred million dollars worth of tether since then. There's no way of knowing if USDT is even backed 1:1 by the USD unless bitfinex is audited.
Juan Foster
I just let my bot trade while im sleeping.
Asher Cook
>sleeping
Mason Robinson
tether is sketchy
Juan Wood
Tether and Bitfinex are going to cause the next crypto crash with this bullshit.
Jack Young
Bitfinex is the largest trading platform, I doubt they're shor of money to back up USDT
Jose Smith
short*
Landon Jackson
Don't do this. Tether isn't backed by anything.
Caleb Diaz
Could use litecoin as well
Brandon James
cool, just bought 100k
Aaron Cox
Totally 100% safe since it can be printed out of thin air by some guy in Hong Kong with no ties to any real banks
Jacob Martinez
>I doubt they're short on money
Justin Stewart
"Security breach" while they move money around to cover orders
Dude bitfinex and tether are sketchy as hell
Jacob Harris
Pic was from a year ago when they got "hacked"
Justin Moore
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
BTC and USDT are FUCKED
Bentley Bell
>bitfinex gets audited
>mass gnosis that crypto is rigged
>run marketcrash.exe
>kikepanic.jpg
>gas chamber construction begins
?????
>America made great again
I really, really want this to happen
Logan Campbell
So basically fractional reserve crypto is a thing now?
Carter Gutierrez
USDT is an amazing tool for securing gains, but the fact that there are likely more in circulation than have legitimate reserve backing makes me very suspicious.
medium.com
I'm up 200% on my initial crypto investment, and I was holding half in tether to secure my principal. After seeing this article published yesterday I pulled the plug and exchanged it back in to good old straylian dollarydoos. Come at me tax man.
Alexander Smith
If you're the same person posting this on every thread, god bless