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Re: The most stable coin" USDT" ,have the possibility of collapse??
by
Kevin77
on 03/02/2018, 10:28:32 UTC
Quote from: kurimiri on February 02, 2018, 08:10:18 PM
Quote from: ngavanngo22 on February 01, 2018, 11:59:41 AM
Quote from: hungchenyao on January 23, 2018, 03:59:39 PM
The most stable coin ,have the possibility of collapse?

This question Troubled me for long time，Thanks for answer Smiley

USDT is currently experiencing a scandal, and its future will collapse. Investors will now invest in BTC, ETH as well as cryptos in the top 10. The USDT collapse is also understandable because of the stability of the cryptos, while the remaining cryptos are falling unstable, USDT only fluctuates at the rate of $ 1.

usdt is not an investment vehicle. you don't "invest" in usdt. it's impossible for usdt to collapse unless the exchanges (or usd itself) collapses in which usdt is no more riskier than any other coins.
even if the so called scandal is true, and there isn't actually a single dollar in the bank, the value of usdt to usd will remain unaffected.
The only thing in which most of the investors are actually interested is that which help them in making of more amount of money. There are investments like that of gold which were once considered as the best way of investing your money but since they have got the stable market value, none of the investor invested his money into it. Same is the case when it comes to that of USDT. People will lose their interest in USDT as it is getting stable market value.

Quote from: simpleholmes on February 03, 2018, 02:09:57 AM
it can be collapsed because the coin is not backed with anything and you can create as much as you want, which is against the rules of finance and cause inflation in long term.
But when more people are ready to hold, I guess there will be less possibilities for this coin to get collapsed. Still, there cannot be anything to be done when more people prefer not to hold.