U.S. Regulators have Subpoena the popular Crypto Exchange Bitfinex and Tether. This crackdown was bound to happen as many have suspected Tether and Bitfinex of problematic activity. Are you holding or looking for buying opportunities?
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Best advice is to sell the shit out of your Tether and move it into other Cryptocurrency
I'm finally here on Steemit with you guys! We're going to be fine. Everyone breathe!
Great to see you on Steemit! Welcome to the community! I have been watching your YT for some time now! My thought is that it is good that a regulator intervene as they have not been transparent enough with the concept of tether. Tether is not a bad concept if done responsibly and transparently; it is very similar to money market funds which serve as short term investments for investors "parking" cash in the short term. If something is not being done right with investor money, then it should come to light so that investors can make informed decisions with their money. I personally avoid USDT and rather have the money in fiat or one of the bigger cryptos like BTC, BCH, LTC or ETH. I also have these positions in hardware wallets to protect me from the exchanges.
Thanks @newageinv, we really appreciate the support! I agree and do the same to avoid Tether. Seems like a solid audit is the least they could do to calm the market right?
I certainly feel the tension between wanting to put your crypto into tether to buffer your portfolio but at the same time it just isn't trustworthy. Might be why people are pulling out faster than... I'll leave it at that
USDT sounds pretty centralized to me but they can't prove it yet. Hope everyone dumps out of it. Doesn't sound like a smart buy for anyone. Great video Jeff as per usual. Keep giving quality content @altcoinbuzz team. Shout out to the #altcoinarmy and all the new users
NO Tethering!!
Buy on the dips!