Is tether safe?

Is tether safe?

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right until the moment it goes straight to 0

If tether goes down, everything else will follow. So I don't know if it's safe but you better hope so if you want to invest in crypto.

i belive so

it's safe until you drink a little too much champagne the night LINK goes to $1,300 but you manage to tether up at $1,069 and get to sleep. you wake in the morning and open the curtains the deep summers sun burning your face, tears already streaming down your cheeks from your dreams. you are now a multimillionaire.

you check the news on your phone to look for things on LINK, there's a few articles but it is mostly buried under some strange news on Tether. you wonder why. you open the first article "TETHER HAS CRASHED TO ZERO"

there is no way out

oh god stop you're scaring me

kek

Well there used to be an Hungarian currency in the 19th century that continued to retain its value even after it became known that the gold reserve that it was supposedly backed by had been lost.

If you think this is a good indicator, then yes it is safe. I'll prefer not to hold Tether.

>If tether goes down, everything else will follow.
Correct but if Tether goes down, I'll rather be holding a proper currency than Tether. One will eventually come back, Tether won't. Tbh I hope it implodes now rather than later. It's the FED behind it.

Everytime you buy Tether, you invest into the death of crypto for short term gains while destroying your long term gains. In short you fuck yourself.

I'd give it another month, maybe two, then it's done for.

Prisoner's dilemma.

yes its safe, finex moving to fiat which confirmes tether is safe

It only needs to survive another 6 months or so until there is an entire ecosystem of stablecoins spreading out the risk.

>If I back my stablecoin with Tether, we shift the danger of probably billions in fiat siphoned out of the market into nothing

Seriously, do you sniff the coins?

It’s safer than being raped by a bear

is the USD safe?

either than or until binance comes through with fiat pairings

but yes a legitimate stablecoin can't happen soon enough

Lol tether gets traded on all exchanges
Even if it is a scam all the exchanges will bail it out.

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Yes, its backed by the largest military in the world by several factors.

>is this fake unaudited internet money safe?
Oh yeah goy. Tether up.

let's just say that if tether was the only coin I had bought since entering crypto, i'd be a very rich man right now

>1 $ goes in
>1 $ goes out
Yep it's pretty damn safe. Literally a bank coin. Only problem would be if there is no more Tethers to buy in with, in which case you'd be stuck with whatever shitcoin you got.

Safe to short