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Topic: Do you trust USDT? (Read 7108 times)

full member
Activity: 416
Merit: 101
May 02, 2021, 02:42:00 PM
Why not. USDT is currently the most widely used of stable coins. There was a negative issue in court in the name of USDT. Which has been ruled in favor of USDT. Currently USDT as well as BUSD are being used. However USDT has become famous for its low transaction fees. Which is currently used by all investors and traders.
full member
Activity: 392
Merit: 123
May 02, 2021, 02:02:10 PM
Save USDT is better when bitcoin and altcoin down, but if want to get much profit you should looking for with good coin like BNB, LTC and Doge coin. If you still buy USDT just get little profit and I think is not enough profit earn like buy with other altcoin, I think best way for USDT only when bitcoin and altcoin have lower price, when up back altcoin again.
I think this amount should be around 20-30%. After all, there may always be an opportunity to buy some kind of coin. And keeping everything in altcoins is a very risky step for any investor)
sr. member
Activity: 1492
Merit: 269
May 02, 2021, 11:28:13 AM
Save USDT is better when bitcoin and altcoin down, but if want to get much profit you should looking for with good coin like BNB, LTC and Doge coin. If you still buy USDT just get little profit and I think is not enough profit earn like buy with other altcoin, I think best way for USDT only when bitcoin and altcoin have lower price, when up back altcoin again.
full member
Activity: 854
Merit: 102
April 28, 2021, 10:58:49 AM
USD Tether is a Bitfinex issued ERC-20 token which is claimed to be backed by dollar at 1:1 ratio. There are controversial opinions about this and some say it's a scam.

Do you trust USDT or believe it might be a scam?

Nearly 90% of exchanges in the world use USDT as their main method of trading. If we don't believe it, what about the other 90% who believe in USDT. I think we no longer need to question USDT trusts.
sr. member
Activity: 1526
Merit: 251
April 28, 2021, 10:02:30 AM
I believe TUSD more than USDT, even though the ranking shows that USDT is most popular but I don't know whether you know it or not but there are many conspiracy theories as well as confusion on how much % of USD is pegged for the coin. TUSD is 100% pegged so I would trust it more than USDT but there are many exchanges that give nice returns for holding USDT. Personally, I don't hold anything in both of them but I would prefer TUSD more than USDT.


at first I also questioned this but there were those who answered that in 100% backup there were those who denied it, so I still use it because usdt is the most popular stable coin, even if it will be a scam I don't really mind it because there are still other stable coin options, and so far no problem about USDT till now.
sr. member
Activity: 1492
Merit: 269
April 27, 2021, 10:02:07 AM
I wanna get more in cryptocurrency and take more than 10% or 30% profit every time but saving or hold USDT is not best way, we can't loss more and take little profit if use money for buying USDT coin, this very stable coin and better by altcoin like LTC, ETH or BNB to get more but have risk when price dump.
hero member
Activity: 854
Merit: 500
April 27, 2021, 08:41:47 AM
USD Tether is a Bitfinex issued ERC-20 token which is claimed to be backed by dollar at 1:1 ratio. There are controversial opinions about this and some say it's a scam.

Do you trust USDT or believe it might be a scam?
I don't trust it completely because it's not an altcoin. It only adds technology to bitcoin. Their projects are still obscure. I often use it as an intermediary coin to trade other coins. Its price also varies a lot and is always changing. But I used to use it for profit. Buy and sell.
 
sr. member
Activity: 1988
Merit: 453
April 27, 2021, 06:12:45 AM
The USDT market cap is going up with every week or so. Right now it stands at more than $50 billion. Do we trust such a huge amount with one unregulated cryptocurrency exchange, which had legal issues many times in the past? If by any chance USDT goes down, then it is going to be the largest cryptocurrency scam in the recorded history, many times larger than the PlusToken and Onecoin scams. I never had any USDT with me. I don't know why people trust USDT so much and put their hard earned money in this unreliable token.
legendary
Activity: 1568
Merit: 1002
April 27, 2021, 05:45:06 AM
Not anymore, I say no if you intend to invest because for me crypto is only used for investment then it would be better to choose another crypto. USDT has a stable price and thus it is difficult for it to go higher, even though the market trend is positive but in reality it still won't make the price go up fast.
member
Activity: 415
Merit: 29
April 27, 2021, 05:39:44 AM
Based on the fact that there are a lot of pairs with USDT on the exchanges, it seems to me all the same that conspiracy theories are just conspiracy theories. Anything can happen, but at the moment it is a very convenient tool for making deals. But everyone needs to make their own decisions, I think it is necessary to leave the experience of using.
full member
Activity: 1036
Merit: 100
April 27, 2021, 04:38:48 AM
i don't doubt usdt.
I think USDT is a stable coin. The rise and fall of the USDT price is also often experienced by USDT. I have even noticed that when the market is experiencing correction, the USDT price often experiences a surge.
The jump that occurs in USDT when the market is down is very natural, because most people always deposit their assets into USDT when others are experiencing a decline so this can cause a spike in the USDT price.

yes, that's for sure. Usdt is often mentioned by many users as an asset storage token, but I am also still amazed by this USDT, why does this token price movement always look normal, its ups and downs only change a few percent.
hero member
Activity: 1106
Merit: 503
BabelFish - FISH Token Sale at Sovryn
April 26, 2021, 01:18:54 PM
I believe TUSD more than USDT, even though the ranking shows that USDT is most popular but I don't know whether you know it or not but there are many conspiracy theories as well as confusion on how much % of USD is pegged for the coin. TUSD is 100% pegged so I would trust it more than USDT but there are many exchanges that give nice returns for holding USDT. Personally, I don't hold anything in both of them but I would prefer TUSD more than USDT.
full member
Activity: 1246
Merit: 103
April 26, 2021, 01:17:12 PM
USD Tether is a Bitfinex issued ERC-20 token which is claimed to be backed by dollar at 1:1 ratio. There are controversial opinions about this and some say it's a scam.

Do you trust USDT or believe it might be a scam?

I really believe in USDT tokens, I don't think these tokens are a coin scam. usdt has a great value, and even the token price is as high as $ 1 per unit. But the problem with USDT is that the price always looks normal, the ups and downs are like having a small percentage so that it is less attractive in the market.
sr. member
Activity: 1492
Merit: 269
April 26, 2021, 12:25:57 PM
I really believe USDT even I can use USDT to secure assets when a token has a price decline and I quickly exchange it with USDT, this is very useful because USDT is a stable coin and has experienced a little price decline
Most useful place for saving assets when bitcoin and altcoin dump, our value keep stable when saving on USDT coin. But you can get much profit when bitcoin dump and hold your money in USDT, how ever always contras price between bitcoin and USDT, when bitcoin pump USDT looks dump and when bitcoin dump USDT always pump.
sr. member
Activity: 1190
Merit: 250
Buzz App - Spin wheel, farm rewards
April 26, 2021, 02:53:31 AM
I really believe USDT even I can use USDT to secure assets when a token has a price decline and I quickly exchange it with USDT, this is very useful because USDT is a stable coin and has experienced a little price decline
full member
Activity: 2590
Merit: 228
April 26, 2021, 12:43:36 AM
Until now i am still asking why would people had to choose USDT when they can easily use Fiat?  can someone elaborate what's the main objective of USDT against Fiat? sounds Noob but there are many others that still wanted to learn about what did i asked.
I don't think usdt is not reliable. I think it's a pair to trust. their behavior was said to be suspicious, but I would like to know what behavior they are.
All crypto that took rank 1-10 is trust worthy and no doubt about that.
hero member
Activity: 1820
Merit: 747
April 26, 2021, 12:11:08 AM
For now, USDT is the main stablecoin that was being used by exchanges whether P2P, spot, futures, etc. However, I am not saying that I fully trust USDT either. There are other stablecoins such as USDC, BUSD and DAI that we can use. However, USDT is the most dominant stablecoin for now and it would be a disaster if this one would phase out in crypto trading.
I also like that. although I don't believe 100%, however, the truth is that I always choose and use USDT as a stablecoin. probably many people feel that USDT is suspicious. however, I think USDT is the most widely used stablecoin today. in fact, almost every CEX has a USDT pair because of the high demand.
full member
Activity: 2520
Merit: 214
Eloncoin.org - Mars, here we come!
April 25, 2021, 11:58:09 PM
Of course i do trust USDT, i won't be a problem in my opinion, there is no reason for us to be worry about this coin.
Almost all of the Altcoins out there using USDT as a pair to buy. It's very easy and simple to convert another altcoins with USDT.
So yeah, i do believe in USDT.
Simple answer? USDT is Like a Fiat so if you are trusting Fiat then you will trust USDT also, imagine that you can convert your coins into a Fiat form Crypto coins just like that, so why not trust this right?
and also this is what i use since time that i start Trading and Success is what i experienced  as like now? before the price of Bitcoin drops i converted in USDT and Boom my funds are safer
member
Activity: 658
Merit: 10
April 25, 2021, 09:31:12 PM
Of course i do trust USDT, i won't be a problem in my opinion, there is no reason for us to be worry about this coin.
Almost all of the Altcoins out there using USDT as a pair to buy. It's very easy and simple to convert another altcoins with USDT.
So yeah, i do believe in USDT.
full member
Activity: 826
Merit: 111
April 25, 2021, 09:15:32 PM
USD Tether is a Bitfinex issued ERC-20 token which is claimed to be backed by dollar at 1:1 ratio. There are controversial opinions about this and some say it's a scam.

Do you trust USDT or believe it might be a scam?
I see no reason for fears or panic on usdt, no reason to doubt usdt.
Usdt is the most recognized stablecoin. USDT is not like bitcoin or other altcoins, I take usdt as my bank, I move all my assets to usdt cause I believe in usdt 100%
When you want to trade is simple to convert your usdt to any other crypto and trade with. Once you're out you can exchange them back to usdt and leave them on your wallet without panic cause is just the best way to save coin for me.
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