Btc and usdt people trust | Bitcointalksearch.org

Etranger

hero member

Activity: 504

Merit: 816

Top Crypto Casino

Quote from: Cling18 on March 29, 2022, 12:49:05 PM

we can't question investors why they always choose to trust Bitcoin and USDT among other coins.

Yes, we can. There are other stable coins like USDC and BUSD, which are in the first 15 in capitalization, so I guess we can trust them as well more or less. But for some reason USDT is chosen by much more investors. That`s why itis interesting to know the reasons for it. Also I believe that for clear trading fiat can also be used. From what I have read in this topic a lot of people choose USDT to emmediately understand their profits and losses. In my opinion, it can also be done using EUR or other fiat currency, presented at the exchanges.

LUCKMCFLY

legendary

Activity: 2394

Merit: 1848

Leading Crypto Sports Betting & Casino Platform

Quote from: Ararbermas on March 27, 2022, 12:31:30 PM

Quote from: 325btc on March 23, 2022, 03:19:18 PM

Traders and alot rich traders investors are in 2 things.
Btc and usdt as USDT is safe place to hold funds but how the exchangers protect this ?
Imagine if something happens with usdt many people will lose so much that they never cant deal with crypto anymore so what is the exvhangers security plan to fully protect customers ?
As myself fully depend on usdt thats how much i trust usdt and usdc also.

People want to be in crypto if they can funds in stable coins to give them safety but if usdt not safe as there is rumours about usdt then all the crypto game will be over.
I can never sleep well if i know my money will be in volatile coins so USDT is now very important and gives confidence for investors and crypto lovers such us myself

"not your key not you coin" these means once USDT will collapsed for sure there will be a massive losses from all traders who relies in stable coins to protect their money from the volatility of the market.

Actually that negative news seems nothing for me IMO because it's been how many months now and there's no changes in TETHER and the growth rate has increased instead despite of that rumors. However if you really scared, i think much you should find new stable coin since it's not the only one in the market.

Well, due to the bad news that can be given regarding USDT or any cryptocurrency, even so, if it includes Bitcoin, it does not matter, because I interpret it as an option to buy, I see it as manipulation, for the weak-minded or weak-handed it is a reason to "sell" immediately and for the smart ones or for the Strong Hands it is an opportunity to buy, of course this applies to Bitcoin, I don't know if tether lovers defend or seek that a stablecoin has more interaction or that it rises in price, which I see as a bit difficult, but the decision of each person and how they face it is respectable.

lixer

hero member

Activity: 2492

Merit: 586

Quote from: YOSHIE on March 29, 2022, 09:41:11 AM

As far as I know investors don't have two things in trading, what they have is two ways investors trade.
1. Bitcoin
2. USDT.

Speaking of trust, what is certain is that investors have their own beliefs to trade Bitcoin of their choice and usdt as well as their choice, fact, if rich investors already know about Bitcoin they will leave usdt.

Bitcoin trading is much more profitable than USDT, in the current situation, I think investors trust Bitcoin more than USDT, If it is explained here why they believe in Bitcoin, it may take two pages, the point is: investors believe in Bitcoin more, usdt only as a means or bridge to cross.

I disagree with this, people trust way more than just btc and usdt, they trust altcoins as well. By the looks of it they unfortunately trust in wrong things as well, they are trusting like apecoin or whatever these days for example, they did that to doge and shiba at one point as well.

I am not saying that they are trusting in the great altcoins and doing awesome, they are sometimes trusting into the horrible stuff as well but that doesn't mean that they do not trust other stuff. Obviously, the most trusted ones are btc and usdt and I agree with that. However "the most trusted" and "only trusting" are different things. They do trust btc and usdt the most, but they also trust other coins as well.

Zilon

sr. member

Activity: 966

Merit: 421

Bitcoindata.science

i would rather trust total privacy to a centralized crypto dollar. Privacy is one thing i will choose a million times over publicly centralized and manipulative sort of coin. If the worries is just about volatility then i have nothing to worry so far my total number of coin remains intact if the market dips i wait if it surges then i take profit and wait to buy more. Never will i choose Usdt over BTC

BIT-BENDER

hero member

Activity: 1498

Merit: 702

Does any one trust the dollar? Well I don't think so but people uses it, that is how USDT is to Crypto users, USDT is like our on form of USDT, it may be a stablecoin coin buy it's far from a trusted Crypto-currency.
Bitcoin on the other hand is trusted because investors believes they can make profits from their Investment placed on Bitcoin, and if Bitcoin starts to drop and their trust weakens they can switch to USDT.

doomloop

hero member

Activity: 2268

Merit: 581

Quote from: Etranger on March 29, 2022, 03:54:38 PM

Quote from: Cling18 on March 29, 2022, 12:49:05 PM

Most of us always want assurance when it comes to investment and since these two are well established, they could surely provide a good profit in time.

From what I have read in this topic a lot of people (me included) doubt the assuarance of USDT. That is why all this discussion about comparison between BTC and USDT started. USDT is a nice instrument to make clear your profits and loses. But it is not itself an asset to earn and safe. And that is why it can not be compared to other cryptos whih are created to grow in price.

USDT is a stable coin that is pegged to the US dollar, so you can’t expect it to grow like Bitcoin, ethereum and other cryptocurrencies that are not stable coins. I know that a lot of people do not trust USDT this time around because we all now know that it is not fully backed by the US dollar, but even at that it still stays as the top stable coin. I don’t think it is going to fail like some people think it would.

Even till now there are still lots of people who are making use of this stable coin and are using it for their daily trading. So, I believe that it is going to keep going strong everyday. But with that said, people should also know what is right for them to do, if you don’t trust it you still have other coins to select.

Etranger

hero member

Activity: 504

Merit: 816

Top Crypto Casino

Quote from: Cling18 on March 29, 2022, 12:49:05 PM

Most of us always want assurance when it comes to investment and since these two are well established, they could surely provide a good profit in time.

From what I have read in this topic a lot of people (me included) doubt the assuarance of USDT. That is why all this discussion about comparison between BTC and USDT started. USDT is a nice instrument to make clear your profits and loses. But it is not itself an asset to earn and safe. And that is why it can not be compared to other cryptos whih are created to grow in price.

Cling18

full member

Activity: 1708

Merit: 126

Quote from: Joshapat on March 29, 2022, 10:19:57 AM

The presence of stable coins makes investors no longer hesitate to enter cryptocurrencies, and so far there are more than 10 popular stable coins, I am actively trading with stable coins because I can immediately know profit or loss, and the presence of stable coins is certainly the best solution for investors to move assets when the market is going down.

Stable coins have a huge role in the whole crypto industry and we can't question investors why they always choose to trust Bitcoin and USDT among other coins. Most of us always want assurance when it comes to investment and since these two are well established, they could surely provide a good profit in time.

Wiwo

hero member

Activity: 1022

Merit: 667

Leading Crypto Sports Betting & Casino Platform

If you must know, not only do exchanges have control overused unless the ones that are stored on the exchange that USTD in the private wallet of users are more secure in case of any security challenges.
Bitcoin&USTD function differently bitcoin is decentralized so it holders have the total control of their funds but that can not be said with used as it is centralized and controlled by third parties aside from its holders.

Joshapat

sr. member

Activity: 1526

Merit: 255

The presence of stable coins makes investors no longer hesitate to enter cryptocurrencies, and so far there are more than 10 popular stable coins, I am actively trading with stable coins because I can immediately know profit or loss, and the presence of stable coins is certainly the best solution for investors to move assets when the market is going down.

YOSHIE

legendary

Activity: 2086

Merit: 1759

Quote from: 325btc on March 23, 2022, 03:19:18 PM

Traders and alot rich traders investors are in 2 things.

As far as I know investors don't have two things in trading, what they have is two ways investors trade.
1. Bitcoin
2. USDT.

Speaking of trust, what is certain is that investors have their own beliefs to trade Bitcoin of their choice and usdt as well as their choice, fact, if rich investors already know about Bitcoin they will leave usdt.

Bitcoin trading is much more profitable than USDT, in the current situation, I think investors trust Bitcoin more than USDT, If it is explained here why they believe in Bitcoin, it may take two pages, the point is: investors believe in Bitcoin more, usdt only as a means or bridge to cross.

Mamun74

full member

Activity: 1358

Merit: 104

People use bitcoin for investment. Bitcoin is decentralization and decentralization will never be stable. USDT is a stable coin.People hold USDT in certain time. People still using bitcoin investment and holding for long time.I Think most people trust to investment in bitcoin. Both are coin but i think People still believe in bitcoin and bitcoin is a long term survive coin.

Ararbermas

sr. member

Activity: 1988

Merit: 283

Quote from: 325btc on March 23, 2022, 03:19:18 PM

Traders and alot rich traders investors are in 2 things.
Btc and usdt as USDT is safe place to hold funds but how the exchangers protect this ?
Imagine if something happens with usdt many people will lose so much that they never cant deal with crypto anymore so what is the exvhangers security plan to fully protect customers ?
As myself fully depend on usdt thats how much i trust usdt and usdc also.

People want to be in crypto if they can funds in stable coins to give them safety but if usdt not safe as there is rumours about usdt then all the crypto game will be over.
I can never sleep well if i know my money will be in volatile coins so USDT is now very important and gives confidence for investors and crypto lovers such us myself

"not your key not you coin" these means once USDT will collapsed for sure there will be a massive losses from all traders who relies in stable coins to protect their money from the volatility of the market.

Actually that negative news seems nothing for me IMO because it's been how many months now and there's no changes in TETHER and the growth rate has increased instead despite of that rumors. However if you really scared, i think much you should find new stable coin since it's not the only one in the market.

Kimonoe

member

Activity: 700

Merit: 10

Quote from: 325btc on March 23, 2022, 03:19:18 PM

Traders and alot rich traders investors are in 2 things.
Btc and usdt as USDT is safe place to hold funds but how the exchangers protect this ?
Imagine if something happens with usdt many people will lose so much that they never cant deal with crypto anymore so what is the exvhangers security plan to fully protect customers ?
As myself fully depend on usdt thats how much i trust usdt and usdc also.

People want to be in crypto if they can funds in stable coins to give them safety but if usdt not safe as there is rumours about usdt then all the crypto game will be over.
I can never sleep well if i know my money will be in volatile coins so USDT is now very important and gives confidence for investors and crypto lovers such us myself

this will be very useful for a short term trader, where the linkage of btc and usdt is always needed. after making a profit it will be converted to usdt and wait for the next buying area, after it is a good time to buy then it is converted back to btc, and so on, it was previously heard that usdt was in trouble, but until now it is still the highest stable coin . even if not usdt there is still another stable coin that works the same, namely busd

Anguwa

member

Activity: 714

Merit: 30

★Bitvest.io★ Play Plinko or Invest!

I consider USDT to be a steady coin, not one in which I have total trust; as a trader, the only coin in which I have total trust is BTC, which I am confident will never lose value fully. I hold USDT for a certain period of time, depending on market conditions, in order to plan for the next currency I'll trade.

pragna

full member

Activity: 1582

Merit: 101

Actually USDT is more trusted to all because its price is stable but on the other hand BTC price goes ups and down. So If anybody wants to risk free he can convert into usdt. But if you wants to take profit you have to take risk in investment so that you can make investment into BTC. At the end of day you may gainer or loser but if you only convert into only usdt, at the end of year your total assets will be same. So choice is yours.

sarmrakib

full member

Activity: 1292

Merit: 101

Vave.com

Quote from: 325btc on March 23, 2022, 03:19:18 PM

Traders and alot rich traders investors are in 2 things.
Btc and usdt as USDT is safe place to hold funds but how the exchangers protect this ?
Imagine if something happens with usdt many people will lose so much that they never cant deal with crypto anymore so what is the exvhangers security plan to fully protect customers ?
As myself fully depend on usdt thats how much i trust usdt and usdc also.

People want to be in crypto if they can funds in stable coins to give them safety but if usdt not safe as there is rumours about usdt then all the crypto game will be over.
I can never sleep well if i know my money will be in volatile coins so USDT is now very important and gives confidence for investors and crypto lovers such us myself

USDT is just a stable coin .We use it for taking profit and when we trade on its pair that's it .Our fund qill not double and multiply if we just hold it as a stable coin .There is nothing has surety on this world even we can loose our fund from bank though we trust it .Exchange always try and give their best security to keep safe your fund and if any incident happen they also make plan for it .So that there is nothing about to worry if you use a top and trusted exchange to hold your fund and trade .If you have any doubt about USDT yo may use BUSD and also there are many stable coin available on crypto market .We all know that crypto market is high volatile if you are a good trader you may earn a good amount from here So i want to suggest you try and learn how to trader it will be better from just holding coin on USDT.

Marvell1

legendary

Activity: 2352

Merit: 1101

Leading Crypto Sports Betting & Casino Platform

Quote from: coolcoinz on March 26, 2022, 11:32:04 AM

Quote from: 19Nov16 on March 26, 2022, 05:36:49 AM

The presence of stable coins makes anyone more calm, when feeling profit, then immediately move to a stable coin, or vice versa when the market is very fluctuating and in the negative direction then immediately divert it to a stable coin into the best solution, this makes the use of stable coins the biggest and Daily transaction volume can reach 2x from Bitcoin.

I see no point in doing it, unless you live in a country where every single trade on exchange has to be reported and taxed. First of all I don't hold coins on exchanges so I never exit to a stable coin or fiat juzt to "feel safe". I feel pretty safe holding bitcoin. That said, if I had to exit, I'd always choose fiat money not a stable coin that relies on a third party (coin's creator and issuer) and can be delisted from an exchange or lose value. A fiat currency is always better than a half measure like USDt

I agree that holding USDT is very risky as it is centralized it can disappear or worse your account gets frozen. But it also has benefits, when the market is volatile stablecoins will be a safe place for your assets avoiding market fluctuations.
Currently Iam using binance centralized exchange and so far I have not had any problem with CEX and stablecoins, centralized exchanges and USDT are almost an integral part of the market, so don't get too strict on them.

Myleschetty

member

Activity: 1155

Merit: 77

Quote from: 325btc on March 23, 2022, 03:19:18 PM

Traders and alot rich traders investors are in 2 things.

Most cryptocurrency traders and investor diversify their investment so it is impossible to base on just these 2 crypto.

Quote from: 325btc on March 23, 2022, 03:19:18 PM

Btc and usdt as USDT is safe place to hold funds

BTC is safe haven while USDT on the other hand is not cause it is backed by fiat currency.

Quote from: 325btc on March 23, 2022, 03:19:18 PM

Imagine if something happens with usdt many people will lose so much that they never cant deal with crypto anymore so what is the exvhangers security plan to fully protect customers ?

USDT is once into shady business with a crypto exchange site which i forget the site name. It is important to only hold for the long term the crypto you trust the team involved.

Quote from: 325btc on March 23, 2022, 03:19:18 PM

As myself fully depend on usdt thats how much i trust usdt and usdc also.

It is not good to depend on a centralized or censorship crypto.

coolcoinz

legendary

Activity: 2604

Merit: 1102

Quote from: 19Nov16 on March 26, 2022, 05:36:49 AM

The presence of stable coins makes anyone more calm, when feeling profit, then immediately move to a stable coin, or vice versa when the market is very fluctuating and in the negative direction then immediately divert it to a stable coin into the best solution, this makes the use of stable coins the biggest and Daily transaction volume can reach 2x from Bitcoin.

I see no point in doing it, unless you live in a country where every single trade on exchange has to be reported and taxed. First of all I don't hold coins on exchanges so I never exit to a stable coin or fiat juzt to "feel safe". I feel pretty safe holding bitcoin. That said, if I had to exit, I'd always choose fiat money not a stable coin that relies on a third party (coin's creator and issuer) and can be delisted from an exchange or lose value. A fiat currency is always better than a half measure like USDt

Topic: Btc and usdt people trust (Read 527 times)