How reliable is Tether?

>>3001395
There are slight fluctuations overall obviously your best hedge against crash second to fiat

>>3001395
I just know that someday shit will hit the fan and there will be a run from Tether leaving you with another worthless Crypto

>>3001424

This. This is absolutely correct. Tether is essentially a "fiat" asset, backed, supposedly, by USD reserves. There is no guaranteeing that they have the necessary reserves (and there are multiple questions about this). It is issued on top of Omni.

>>3001395
It's no yuro, that's for sure.

>>3001424
This.

OP use fiat for very short term trading, as it is extremely risky. Never long term. Just short term trading in and out of ETH or BTC or something when you need to. That's pretty much it.

tether uses the bitcoin blockchain to move your usdt

so if bitcoin shits itself and goes under, your tether is stuck

but as another anon said, its way easier to have usdt than fiat, but fiat will always be best

>>3001467
my only concern with this is that when you convert to fiat, that it becomes a taxable event, doesn't it?

>>3001505
Yes and what he meant was use fiat in the very long term, and tether in the short and hope it wont shit itself.

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https://medium.com/@bitfinexed/the-curious-tale-of-tethers-6b0031eead87

https://x8currency.com/

This is going to make tether unnecessary

It's hosted on Cofoundit so you just KNOW it's legit

Monero or Litecoin is unironically a better store of wealth during a crash

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>great tither sir safe investment

>>3001414
It also prevents you from reporting to the IRS as realized gains, as they still see it as "property" just like BTC.

Trading to real FIAT will force you to report those earnings.