Topic: Do you trust USDT? - page 10. (Read 7100 times)
At some point, I consider usdt as good. When I am going to scalp in market I prefer to use stable coins as pair. I use usdt because it is stable. I can see the difference of my capital to the profits I make. But in a long run, I don't believe that usdt will remain its value as dollar continuously moving down, suffering from inflation. I doubt usdt will become stable as its value is decreasing.
I choose to believe, why? because the only reliable coin is USDT, there are indeed USDC and USDN in exchanges,
but USDT has more market cap, this shows that many users trust USDT, and exchange platforms are like that.
if you are in doubt, you can analyze it on coinmarketcap, USDT comes in third and beat the marketcap of Ripple
but USDT has more market cap, this shows that many users trust USDT, and exchange platforms are like that.
if you are in doubt, you can analyze it on coinmarketcap, USDT comes in third and beat the marketcap of Ripple
I believe in USDT COIN most of the time. It is a currency that does not allow my fund to shrink. Other crypto currency prices go up and down, but it does not go up or down. Which protects my funds from getting depleted.
Yes I trust USDT, I've been using this stable coin for years now, if this project can't be trusted binance exchange won't list the stablecoin, USDT is very popular and available on all crypto exchanges, if USDT is bad or unsafe majority of top crypto exchanges won't list them.
I guess in this crypto currency world you can’t really trust a coin or token 100%... right now there is no reason not to trust them and it has actually been stable for a while but the problem is they have been accused as a scam token before... i don’t really buy USDT for a long time.. i most use it as an intermediary
If you are into any illegal money making do not use USDT to keep fund, USDT is spying on every people using the platform, they don't tolerate any illegal storing of money, instead use stable coins like DAI which is a complete decentralized stable coin
If you wish to get into Tether from Bitcoin, say for a few days, then it might pose minimal risks and if you want to move money using Tether between exchanges probably it’s fine.
The reason why people don't trust usdt is because of freezings that's happening around on some wallet address but they don't know that usdt as a Centralized platforms have ways to detect illegal funds or stolen funds, I can't go against this since I'm sure I'm not into any scam shits.
I would not say that I trust USDT 100%, with it clearly not everything is transparent. But this is the most convenient coin, the rest I don't like at all. And as long as all exchanges support USDT, I will use it.
Most likely has already been said.......
But with any "crypto dollar" you hope the company has those assets in dollars - one to one - for every dollar you are putting in at all times. And, if there is a dollar crash, you better hope you don't have your money in "stable" coins at that time.
IMHO.
- Ringo -
But with any "crypto dollar" you hope the company has those assets in dollars - one to one - for every dollar you are putting in at all times. And, if there is a dollar crash, you better hope you don't have your money in "stable" coins at that time.
IMHO.
- Ringo -
I think the market's confidence in USDT is beyond doubt.
I have mentioned this earlier in this thread itself, the market confidence of well known traders is not beyond doubt, if you ask anyone they will not trust USDT as a stable coin that you can trust in the long run, we know the issues they faced in the past and if reports comes out that they are having issues with the amount pledged as collateral then the entire things comes down. I am not telling it will happen but you need to understand the risk and the possibilities too. 
Judging from the chart, USDT is very stable and there is no significant increase or decrease because this is indeed backed by the dollar at 1:1 ratio. and I really believe USDT, because this coin is in the top best altcoins.
for now I still believe usdt is not a scam because it has been around for a long time and is also often used as an exchange or pairs to tokens for the first time it was listed on the market, and now USDT is a stable currency, it's hard to believe it will be a scam because almost all exchanges now have USDT
It is not any kind of a scam, and I suppose that Tether will be even used soon in banks’ operations. It is connected with the “head” of the traditional currency, dollar. If you deal with online transactions and crypto often, it will be reasonable to hold USTD (at least for making couples in trading).
USD and usdt have a different rate usdt have rated a lower price to the current price of usdt unstable if the price of bitcoin increases then usdt will drop the price usdt could not keep value quiet because the price is not really stable and have a price that is different from the USD is normal because usdt also part of cryptocurrency there must be up and down the price although very thin rate difference.
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?
For now I have faith in it, because to some extent nothing has made my mind change. Although we can't know for sure whether it is actually dollar-backed or not, and so far they are really stable and have a price tag of roughly the same as the dollar. I do not know some information about the correctness of the project, so as long as there is no proof so I am more towards "not sure" for voting, but most of the voting chose to believe it because in fact the USDT is stable and has a 1: 1 dollar ratio. Do you trust USDT or believe it might be a scam?
I mean why not? they already big and estabislished, it's also respected stablecoin, so i think there's no way that it will be turn into shitcoin or something like that. tether is most also most used stablecoins so far
for now I still believe usdt is not a scam because it has been around for a long time and is also often used as an exchange or pairs to tokens for the first time it was listed on the market, and now USDT is a stable currency, it's hard to believe it will be a scam because almost all exchanges now have USDT
Generally its known to us, there are many stable Crypto available in the crypto industry and Tether, known as USDT, is one of the oldest stable crpto among those. lunched in year 2014, till from then it is able to gain trust & helps us lots when uncertain Vulgar market condition occurred. Often i use usdt during bearish situation and honestly i didn't expriance any issue.but i can trust on it temporary, not for long
I think for someone who's been in the crypto market for a long time like you, you will know how to take advantage of a stable asset like USDT. investors also will not hold onto this asset for very long. they always convert their money into crypto and USDT at certain times. I think the market's confidence in USDT is beyond doubt. 
Generally its known to us, there are many stable Crypto available in the crypto industry and Tether, known as USDT, is one of the oldest stable crpto among those. lunched in year 2014, till from then it is able to gain trust & helps us lots when uncertain Vulgar market condition occurred. Often i use usdt during bearish situation and honestly i didn't expriance any issue.but i can trust on it temporary, not for long
Yes I do. In this market there are lots of stable coins available. But usdt had the biggest marketcap. Because people use it the most and people use it cause people trust it. I know there are many people who said usdt is not doing things in right way. But I never faced any kind of problem regarding usdt. So I used it but if you thing usdt is not suitable for you then you can go for other stable coins. And if you are scared to hold your assets in one single stable coins then I would suggest you to devide your asset into two or three different stable coins.
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