audit will never happen because they are world largest financial fraud. That is the only reason not to prove that issued tethers are backed by anything.
You should hold on to that belief, RedDuke as it has produced great financial results for you for many years Do not under any circumstances change it
One has nothing to do with the other. I hold crypto and trading it. Actually trading it is quite interesting never seen such stable connection - Binance API is rock solid.
I seem to remember that you said you would buy bitcoin when Tether has failed and bitcoin is below $1k ($5k?) which is why you did not buy when it was $15k in 2022 Are you using Tether usdt on your Binance trading?
I do not have any bitcoins. Correct about BTC price levels. trading futures only and pairs are indeed USDT ones.
Thanks for the honest response, RedDuke To clarify for everyone else that are not native to crypto as a financial system.... You own USDT 10 figures (or higher) and your holding period of USDT is longer than a month on average (I would make a guess that you only sell your USDT for fiat during cashout schedules or some kind of break time in your trading) You can dispute any of the above or correct my mistakes usdt is superior to every single non-interest bearing form of the USD, this includes, eurodollars, physical usd bills, usd in bank checking account
totally disagree. My USDT can disappear in a blink of an eye, it is backed by nothing but 4 shady owners. My USD is very much safe in my bank. This makes USD a lot more superior to USDT.
Come on, RedDuke, you know better than that. USDT will not disappear in a blink of an eye even if Tether fails, which it won't And I know you are not that naive that the money in your bank is safe Money in the bank is not safe Ask the Canadian Truckers Ask any US person or company that experienced some kind of civil forfeiture Ask any US person that had a bad lawyer, through divorce, or any type of court judgement Ask Cyprus people Ask Lebanese people that had to bring a lot of guns to the banks Ask people from Venezuela Ask people from Arentina Ask people from Turkey Ask people from Sri Lanka Ask people from Peru Ask anyone who needs to access their money 80% out of the 365 days that the banks are closed And when you want to wire a big amount of money to someone in another country, good luck, they will ask you for everything, take weeks to transfer if successful, and you will be treated like a criminal With Tether, a few minutes and it's there If you really believe that Tether USDT is fake or worthless or unbacked, then you would not be using it, owning it, or touching it Do not give excuses that you use it for trading, that's bullsh*t excuse while you come around here and tell everyone it's fake and scare everyone while you enjoy the benefits of Tether USDT,
there is no forfeiture of USD, your examples are anecdotes. Yes in divorce you split. I never had any issue sending wires and they are free and if I send in the morning by afternoon it’s there. Talking about international. Domestic even faster along with ACH. I now have 0 doubt tether is full fledge fraud, when they said they can not comply with stable coin act. But while the music is playing why not part take in it? And there is a chance music will never stop.
Whole country of Lebanon had their USD accounts confiscated and you think it's anecdotes, look again on the list, happens all the time "they" take the money in the banks, Venezuela, Cyprus... But it sounds to me that you have found a way to cope and benefit from Tether Tether will not fail or collapse and you reap all the benefits of Tether USDT when you can switch to USDC Doesn't matter to me, but there are a lot of gullible anti-crypto people here on ET just eating up all your Tether FUD, which is probably a good thing, as they miss out on this greatest wealth creation