Negative Tether opinions
Summary:
So far,2 of opinions have been recorded for Tether. These opinions are not investment recommendations but the community's perspective on Tether. Please do not make a purchase decision based on these Tether opinions.
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Tether opinion #2
What don't you particularly like about this coin?
This coin is nothing else than an Inter-Exchange currency between the different exchange portals. It is easier for the user to transfer theter from one exchange to another or from one person to another without fear of volatile fluctuations. Therefore, many in the crypto scene also regard this coin as StableCoin. The transfer is faster and less complicated than transferring FIAT currency.
Moreover, this coin has no benefit in my eyes. For users in Germany, the exchange of real crypto currencies into this currency or from this currency to a crypto currency is always a tax transaction and therefore comparable to the exchange into or to a FIAT currency.
The market capitalisation only corresponds to what all users pump in as "dollars" to generate theter.
What is your forecast for this coin and why?
Investors will jump at theter because it suggests a stable value to hedge profits in volatile trading.
Tether opinion #1
What can I say concerning Tether? Well... I don't like this currency to be honest. There is one big reason for this. First of all, Tether is a stable Coin. A Stable Coin is backed by a fiat currency or any other value like gold, or sometimes other cryptocurrencys. Tether is backed by the US Dollar in a ratio 1:1. So one Tether is equal one Dollar. Its quite a good solution in the volatile cryptospace, but the currency must be trustworthy. Tether has a problem. No one knows, if the amount of money that should be blocked, to keep the value at one dollar is really available. Today there are 17 billion Tether, that means they need to have 17 billion US dollar in safe. The problem is, that they cant proof they have this amount. Thats why I don't like Tether and why i try to avoid haveing USDT. If i want to use a stable Coin I use USDC.