Review on Tether by Sefa can Yüksel
Tether
Having a stable Investment portfolio is indeed, so you can prepare dry powder in case of market downturn but that money will blow up the market, I am worried about using this money for a long time. Having a precious coin like Tether to redistribute your portfolio when the market crashes is an invaluable bow. I really like this money to help me sleep better at night when the market is tight. Whenever I use it to get out of the descending position, this problem makes me feel sick.
Tether is technically based on the Omni platform. The platform is used to link to Bitcoin's various digital ads. When a purchase opportunity arises, traders can quickly transfer the US dollar back to the exchange without having to wait a few days to clear the bank transfer. Tether, fiat website nearby. Attachment is also very concentrated, you can take a vacation or rely on trust. Such a system violates the principles of Bitcoin and other cryptocurrencies.
Books still classified as speculative assets. Tether is the perfect way for traders and Investors to securely transfer their overseas purchases to the decentralized world and start their first journey in the cryptocurrency world. Tether to a safe harbor to store fluctuations in its business. As most exchanges trade cryptocurrencies, it's easy to find a marketplace to buy and sell the digital currency.
The Tether token was initially launched on the Omni Layer flip platform Bitcoin blockchain, but since then the Ethereum blockchain has been installed on various other chains such as Tron, EOS and Algorand. That's why Tether tries to maintain full transparency of its reserves by issuing financial and accounting statements and adapting them to public tokens on the blockchain.
This is the only advantage of Tether, because when we buy cryptocurrency (such as BTC), we don't need escrow funds, we just need to use Tether as a trust currency in the exchange. The idea of usdt will come back when investors want to sell their bitcoins on similar networks. Imagine that trading is really difficult without these tokens. We need to convert our cryptocurrency to real currency, which takes a long time.
This not only represents a crisis of trust in the cryptocurrency world. But it is very disturbing to see currencies act like fiat money like the Federal Reserve. It also helps speed up the transfer of funds and is not immediately regulated on any exchange, if it becomes worthless, all owners lose their investment without applying for insurance.
Pros
- It was a great way to invest money in cryptocurrencies, in the crash shooting.
- Once approved, it becomes the best choice to save downtime and reinvest in droplets
- Tether backed by a dollar and checked regularly
Cons
- There is not much more to say. Investment is not very good. Investing in dollars can also be good.
- Tether is not a project looking for a financial or technological revolution
- Banking Headlines. It is thought that Tether cannot be used in USD.
- Tether is almost non-existent in nature. Its issuance and pricing is completely under the control of the company behind it
- Financial support is real money, and if the company goes bankrupt, it may lose its exchanges.
- This is a cryptocurrency legal tender and will always be linked to legal payment.
- The trust problem caused by this currency cannot be ignored.
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Comments (1)
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