Do You trust Tether (USDT) Stablecoin? - page 12.

lunnatic

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Quote from: ScamViruS on June 04, 2023, 12:17:25 PM

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Absolutely yes i already trust USDT stable coin and hopefully USDT as well and better from others stable coin just we need to forget Justine Sun previously all.

Trust is good but it is not right to trust it 100% and think it is safe. Because USDT is not fully backed, you have to keep in mind that it can have a negative impact at any time. So it is always better to think of alternative ways which can save you from any sudden danger. I myself use USDT but I am not totally dependent on usdt. After the Luna incident, many crypto investors became more cautious about stablecoins.

nothing is 100% safe do you remember the USTC incident? and take a good look at that incident,
the price of USTC was originally $ 1 and they said it was backed by USD but in fact now USTC has regressed -99%,
and can even be said to be the worst stable coin event in the world of crypto currency,
so with that incident of course we also have to be careful of other stable coins, including USDT

Dr.Osh

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Quote from: yhiaali3 on June 03, 2023, 05:10:18 AM

Only at the moment, but in the long run, nothing is guaranteed, especially in light of the ongoing campaign by the US government on cryptocurrencies in general and stablecoins in particular.

Also, buying large amounts of Bitcoin by Tether can be a double-edged sword. Good in terms of diversifying reserves, but negative in terms of that it can have an indication of fear of something.

I think most people would think the same thing. if you want to keep coins stable in the long term like USDT, it's better to keep them in a bank, because it's more secure than keeping them in a wallet or exchange. However, for the short term, I also always hold in stable coins, and USDT is my top choice because it is the stable coin I trust the most out of all the stables out there. However, that doesn't mean I believe it 100%. however, it's my go-to choice, but I never keep it for long.

deepblue01

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Quote from: Aliem Nur on June 04, 2023, 11:42:59 AM

Indeed, Tether is not real dollars but tether reserves have also been told to all of us that they have real dollar reserves at the Tether company,
so why should you hesitate? I'm sure everyone here still uses USDT as their stable coin, and from this it's clear the answer is that they still believe,
even Binance still keeps a lot of USDT on their exchange.

That's because the risk is even greater if the tether collapses. you can look at this and check marketcap.
you should see the history 1st january 2020 total marketcap around 4.6Billion USD and now 82Billion USD. only 3 years marketcap already 10x, maybe next year will be 20x.
if that bubble pop, i dont want to see the price of bitcoin that days Grin

Or maybe you should know about luna and UST. The drama is so good, maybe we should make a movie for them

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Quote from: ?? on ??

Absolutely yes i already trust USDT stable coin and hopefully USDT as well and better from others stable coin just we need to forget Justine Sun previously all.

Trust is good but it is not right to trust it 100% and think it is safe. Because USDT is not fully backed, you have to keep in mind that it can have a negative impact at any time. So it is always better to think of alternative ways which can save you from any sudden danger. I myself use USDT but I am not totally dependent on usdt. After the Luna incident, many crypto investors became more cautious about stablecoins.

BADecker

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Tether is a fiat Ponzi, basically similar to all fiat currencies. They have become as strong as they are because they copied the fiats, especially the US dollar and the way it is handled by the banks.

The more people place their trust in Tether, the more the banking cabal will work against the USD in some way.

Cool

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Quote from: fzkto on June 03, 2023, 06:22:58 AM

Quote from: kesmex on June 03, 2023, 04:55:09 AM

Quote from: fzkto on June 03, 2023, 03:41:01 AM

Quote from: mich on June 01, 2023, 01:10:29 AM

Tether will mine Bitcoin using renewable energy in the country of Uruguay. This is after last month saying it will invest portion of its profits in Bitcoin.

It is for reasons like that I trust this stablecoin. It has new ideas and giving back to Bitcoin. https://finance.yahoo.com/news/tether-start-mining-bitcoin-uruguay-024131625.html

I guess Tether understands the perspective of bitcoin, which is why they invest in bitcoin and even decided to go into mining. That means they are doing well in business and can really be trusted. But it still doesn't mean they can't have problems with the US government because usdt is a surrogate dollar.

that's the problem because in the US we know how strict the rules regarding crypto currency are,
moreover USDT was in the US a lot of FUD a few years ago but USDT was able to answer emphatically that they were fine in terms of reserves,
so I think we can trust USDT for now.

I wasn't talking about reserves, I was talking about the fact that Tether is not a real dollar. I think at any moment there could be problems because of this. Especially when the US develops CBDC. Tether will turn out to be a competitor for that digital currency because any user can use it.

Indeed, Tether is not real dollars but tether reserves have also been told to all of us that they have real dollar reserves at the Tether company,
so why should you hesitate? I'm sure everyone here still uses USDT as their stable coin, and from this it's clear the answer is that they still believe,
even Binance still keeps a lot of USDT on their exchange.

Abiky

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Quote from: mich on June 01, 2023, 01:10:29 AM

Tether will mine Bitcoin using renewable energy in the country of Uruguay. This is after last month saying it will invest portion of its profits in Bitcoin.

It is for reasons like that I trust this stablecoin. It has new ideas and giving back to Bitcoin. https://finance.yahoo.com/news/tether-start-mining-bitcoin-uruguay-024131625.html

The stablecoin has contributed largely to this industry. But that doesn't mean it's guaranteed to last forever. Since Tether is tied to the USD, anything can happen. Would you imagine the USD losing its position as the reserve currency of the world? That would cause the USD's value to plummet, as well as, stablecoins pegged to it.

One thing for sure is that Tether is issued by a private company without the backing of the US government. Why would investors' funds be safe from harms way into something like this? The same can be said about USDC, and other stablecoins on the market. Fortunately, USDT has held its peg even during the worse of times. Who knows if it survives in the long run? Just my thoughts Grin

deepblue01

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Quote from: fzkto on June 03, 2023, 06:22:58 AM

I wasn't talking about reserves, I was talking about the fact that Tether is not a real dollar. I think at any moment there could be problems because of this. Especially when the US develops CBDC. Tether will turn out to be a competitor for that digital currency because any user can use it.

yeah, that is not good.

Quote

A CBDC is a digital national currency. In the case of the United States, a CBDC would be a digital form of the U.S. dollar. Like paper dollars, a CBDC would be a liability of the Federal Reserve. But unlike paper dollars, a CBDC would offer neither the privacy protections nor the finality that cash provides

so this is why a lot of stablecoins out there are lowering their marketcap.
If CBDC is coming and can be a bridge to buy cryptocurrency then we are no longer need to use stablecoin anymore

fzkto

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Quote from: kesmex on June 03, 2023, 04:55:09 AM

Quote from: fzkto on June 03, 2023, 03:41:01 AM

Quote from: mich on June 01, 2023, 01:10:29 AM

Tether will mine Bitcoin using renewable energy in the country of Uruguay. This is after last month saying it will invest portion of its profits in Bitcoin.

It is for reasons like that I trust this stablecoin. It has new ideas and giving back to Bitcoin. https://finance.yahoo.com/news/tether-start-mining-bitcoin-uruguay-024131625.html

I guess Tether understands the perspective of bitcoin, which is why they invest in bitcoin and even decided to go into mining. That means they are doing well in business and can really be trusted. But it still doesn't mean they can't have problems with the US government because usdt is a surrogate dollar.

that's the problem because in the US we know how strict the rules regarding crypto currency are,
moreover USDT was in the US a lot of FUD a few years ago but USDT was able to answer emphatically that they were fine in terms of reserves,
so I think we can trust USDT for now.

I wasn't talking about reserves, I was talking about the fact that Tether is not a real dollar. I think at any moment there could be problems because of this. Especially when the US develops CBDC. Tether will turn out to be a competitor for that digital currency because any user can use it.

yhiaali3

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Only at the moment, but in the long run, nothing is guaranteed, especially in light of the ongoing campaign by the US government on cryptocurrencies in general and stablecoins in particular.

Also, buying large amounts of Bitcoin by Tether can be a double-edged sword. Good in terms of diversifying reserves, but negative in terms of that it can have an indication of fear of something.

kesmex

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Quote from: fzkto on June 03, 2023, 03:41:01 AM

Quote from: mich on June 01, 2023, 01:10:29 AM

Tether will mine Bitcoin using renewable energy in the country of Uruguay. This is after last month saying it will invest portion of its profits in Bitcoin.

It is for reasons like that I trust this stablecoin. It has new ideas and giving back to Bitcoin. https://finance.yahoo.com/news/tether-start-mining-bitcoin-uruguay-024131625.html

I guess Tether understands the perspective of bitcoin, which is why they invest in bitcoin and even decided to go into mining. That means they are doing well in business and can really be trusted. But it still doesn't mean they can't have problems with the US government because usdt is a surrogate dollar.

that's the problem because in the US we know how strict the rules regarding crypto currency are,
moreover USDT was in the US a lot of FUD a few years ago but USDT was able to answer emphatically that they were fine in terms of reserves,
so I think we can trust USDT for now.

fzkto

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Quote from: mich on June 01, 2023, 01:10:29 AM

Tether will mine Bitcoin using renewable energy in the country of Uruguay. This is after last month saying it will invest portion of its profits in Bitcoin.

It is for reasons like that I trust this stablecoin. It has new ideas and giving back to Bitcoin. https://finance.yahoo.com/news/tether-start-mining-bitcoin-uruguay-024131625.html

I guess Tether understands the perspective of bitcoin, which is why they invest in bitcoin and even decided to go into mining. That means they are doing well in business and can really be trusted. But it still doesn't mean they can't have problems with the US government because usdt is a surrogate dollar.

mich

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Tether will mine Bitcoin using renewable energy in the country of Uruguay. This is after last month saying it will invest portion of its profits in Bitcoin.

It is for reasons like that I trust this stablecoin. It has new ideas and giving back to Bitcoin. https://finance.yahoo.com/news/tether-start-mining-bitcoin-uruguay-024131625.html

deepblue01

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Quote from: GelatikKembar on May 27, 2023, 01:40:38 AM

yeah, there's no need to talk about it anymore because the credibility and trust in USDT is really very big,
it's proven that all exchanges use USDT and that can't be denied,
and don't worry about the peged from USDT, it's from real USD, so it's impossible for USDT to be a scam in the future, don't worry.

Wow i don't think it's scam but it's not save.
i think history will repeat it self, USDT marketcap is so big right now, but it wont be 100% fully backed.
i mean do you know gold standart is? it will be like that

GelatikKembar

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yeah, there's no need to talk about it anymore because the credibility and trust in USDT is really very big,
it's proven that all exchanges use USDT and that can't be denied,
and don't worry about the peged from USDT, it's from real USD, so it's impossible for USDT to be a scam in the future, don't worry.

Lagduf

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Quote from: JayTrain on May 26, 2023, 02:51:20 PM

As a relatively new participant in the crypto world, I've been hearing discussions about Tether and its potential impact on the market. Some have raised concerns about Tether being a scam that could crash the crypto market. I'm interested in hearing from more experienced individuals about their personal views on Tether and which stablecoin they find most credible in the crypto space.

Anyone who hate it will alway call that as a scam while tether is still trusted by so many people in the cryptocurrency. it's credibility was even better compared with the stable token that being issued by circle foundation.
I have been using it since it was released to the crypto market and nothing happen. The ban function has been only used to ban suspicious activity

JayTrain

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As a relatively new participant in the crypto world, I've been hearing discussions about Tether and its potential impact on the market. Some have raised concerns about Tether being a scam that could crash the crypto market. I'm interested in hearing from more experienced individuals about their personal views on Tether and which stablecoin they find most credible in the crypto space.

deepblue01

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Quote from: Ahli38 on May 24, 2023, 03:43:38 PM

Quote from: bayudndy on May 24, 2023, 02:39:06 PM

Of course I believe in tether; I've been using it ever since I got into this market and have traded around with it many times on various blockchains. That's great that it meets my needs and doesn't disappoint when I use it. Around USDT, there are still other currencies like USDC or BUSD, but USDT is still something more prominent. Also, many people prefer to use USDT for p2p exchange.

In the last year I trust BUSD more. But after a piece of fud news about Paxos circulated, I left BUSD and switched to USDT. Yes, because this stablecoin is the only stablecoin that still looks strong today.

But even though I currently use Usdt, that doesn't mean I fully trust Usdt. It's just that the best choice for now is Usdt. And I also read about Usdt that will continue to accumulate BTC for their reserve assets. I forgot to put the news link where. maybe I'll link to it when I find it. but basically I think the news is a positive thing for Usdt.

That's good news, because they will earn money when bitcoin go to the moon but otherwise they will in ruin when they cannot pay back.
can you see this long position. That's proof they just bought bitcoin

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I trust USDT the most, but of course there are risks. If you don't use a stablecoin, how can you trade on the stock exchange?
I remember how bloggers advised using USDC, it didn't look professional

BitcoinTurk

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Although it is one of the most popular and well-established projects in the cryptocurrency markets at the moment, I do not trust USDT too much. It is a stable cryptocurrency that has partially proven itself even though USDT has been mentioned in quite complex events from the beginning until now. Especially the fact that serious sensational statements have been made about its reserves since the first day, company assets have been added to the reserves and the reserve provision has not been presented clearly are among the events that have shaken my confidence in this stable cryptocurrency. Also, regardless of the bull or bear season, the constant printing of USDT at times when the Bitcoin price rises causes my confidence in the project to be shaken.
As a result, it is a stable cryptocurrency that I use to protect my profits and portfolio in short-mid term periods, but I do not prefer to use it much for the long-term periods.

Topic: Do You trust Tether (USDT) Stablecoin? - page 12. (Read 3297 times)