Very Important Warning About USDT(tether)!steemCreated with Sketch.

in tether •  7 years ago 

Dear crypto traders and investors

I just want to point to an important point about USDT(tether)

https://coinmarketcap.com/currencies/tether/

USDT market cap was
$61.247.792 on 15th May 2017
and now it is
$452.771.404 on 30th Oct 2017

USDT Circulating Supply is increased 7,4 times

Normally this is a good thing for crypto world
but if all USDT is %100 reserved with FIAT

If USDT is not %100 reserved with FIAT then
in future we will see an exploding balloon on USDT

One day when you wake up you can see all your USDT = 0$

Maybe I am wrong but I am just a skeptical person
This is why I am warning

SOLUTION
You can protect yourself with bitUSD
it is always equal to $1 mathematically
because all bitUSD created with minimum $2 worth of bitshares(BTS)
If value of BTS decreased then bitUSD borrower need to deposit more BTS
It shows us bitUSD is %100 trustuble crypto USD
You can watch this video to understand how you can create bitUSD

Thanks for reading...

tether bitusd bitshares bts
7 years ago by

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    • [-]
      ·  7 years ago (edited)

    Yes it’s worth finding out more about bitassets

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    [-]
      ·  7 years ago 

    Thanks for pointing that out i was about to make an investment here good thing i read your post it helped a lot. I think i would hold off for awhile and just obeserve where this crypto is going. Good job. You have earned yourself a follower sir

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    [-]
      ·  7 years ago 

    thank you

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      [-]
        ·  7 years ago 

      after the upcoming bull market I will hedge my profits in bitUSD or bitCNY. This simple process is really worth learning about when dealing with cryptos.

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      [-]
        ·  7 years ago 

      I’m doing the same with also hero coin. BitGold. BitSilver. And also bit euro.

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      [-]
        ·  7 years ago 

      Im sure i read an article posing the same problem about USDT - but later was provided with evidence showing each USDT was 100% backed to 1 USD. Might be worth a double check though :)

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        [-]
          ·  7 years ago 

        Hi,
        These are interesting facts. Nice share and keep it up for awareness in Community. I am attaching a link which will guide you to upload your profile picture. I see its missing. Cheers

        https://steemit.com/steemit/@tusharvasave/how-to-set-and-upload-profile-picture-and-cover-image-on-steemit

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          [-]
            ·  7 years ago 

          Hi, kuruharbi! I just resteemed your post!
          I can also re-steem and upvote some of your other posts

          Curious? Check out @resteembot's' introduction post
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            [-]
              ·  7 years ago 

            awesome thanks

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