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Topic: Do you trust USDT? - page 11. (Read 7100 times)

full member
Activity: 812
Merit: 100
October 22, 2020, 09:12:09 PM
I trust USDT, it has been long since USDT has been created and now used by most people in cryptocurrency as their stable coin.
When many people using USDT coin, i won't be afraid if the coin turn to a scam coin later because many people will take the case to the court.
This is the power of community, bitfinex can be sued if they are exit scamming many USDT users.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
October 22, 2020, 12:20:29 AM
Yes, I agree with you. Because USDT is stablecoin. It does not affect the market crush.

It is Crash not Crush mate lol.



If you wanted a safer investment and wont bother of becoming zero value then USDT(tether) is the best place to put your money.
but if you are looking for risky but profitable then find other coins like Bitcoin and ethereum.
I am just shocked after seeing this thread. Because, I am using USDT for sending payment from a long time. BTW, Then, It’s good to avoid USDT?
we have our own perception in using crypto and not just by reading one post you will change that right away.
You have already mentioned using USDT for long time and now asking if you need to avoid USDT?
member
Activity: 868
Merit: 15
October 22, 2020, 12:01:48 AM
I am just shocked after seeing this thread. Because, I am using USDT for sending payment from a long time. BTW, Then, It’s good to avoid USDT?

I don't think it is better to avoid USDT because the USDT has to be used in different places to work in crypto and it applies to stable currency and fiat as the value of cryptocurrencies increases so will the value of the USDT. Also where there is no limit to easy transactions through the internet travel modernization international communication and comfortable modern transportation today has brought our world to a smaller range which will increase the value of USDT.
member
Activity: 124
Merit: 10
October 21, 2020, 11:54:34 PM
Yes, I agree with you. Because USDT is stablecoin. It does not affect the market crush.
jr. member
Activity: 559
Merit: 4
October 21, 2020, 11:31:26 PM
I am just shocked after seeing this thread. Because, I am using USDT for sending payment from a long time. BTW, Then, It’s good to avoid USDT?
copper member
Activity: 280
Merit: 0
October 21, 2020, 06:59:40 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?
USDT is a popular and stable stable  coin, for everyone, when trading things that want to cash out USDT to avoid many fluctuations in price and stability, I think about the future. It will still maintain more stability and development
sr. member
Activity: 1316
Merit: 254
United Crowd
October 21, 2020, 05:33:02 PM
I interpret scam as trash, deception, not last long, hype, & harm. USDT is a scam? all of that needs to be reviewed. usdt is an example of a stable crypto currency and has a large volume and scalability of up to $ 34.46B. I often use it as a means of payment on Binance, but it is not suitable for investment because of its stable value.
member
Activity: 239
Merit: 17
October 21, 2020, 03:59:48 PM
 There are a great deal of obscure things going on with Tether. Right now I feel like most traders have minimal decision on most trades with regards to a steady cash. That is the reason they "need to" trust Tether.
 Regardless of whether it is genuine is dependent upon you to choose. For the time being they have worked admirably at remaining stable. Yet, that could before long be turned around.
I would state be cautious don't put all your cash on it on the off chance that you don't need to.
legendary
Activity: 2506
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
October 21, 2020, 12:40:44 PM
Tether is the largest stable coin in the cryptocurrency market. For this reason, we have to trust. If anything happens to the usdt, the cryptocurrency market will be destroyed. People can't trust them again and can't recover for a long time.
member
Activity: 759
Merit: 15
October 19, 2020, 04:33:09 AM
usdt is my favorite stable coin and i think it will soon go to second place in the altcoins charts instead of eth, even if it is not 100% backsd with real dollars i trust it and a great way to make a profit day trading and to earn with the new defi platforms, in short, usdt is here to stay and help the world of crypto to grow in credibility and value
member
Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
October 19, 2020, 02:34:10 AM
No, Many investors has confirmed it that USDT is very stable in the market but it hard for them to make a good profit out of their businesses. With research  the coin will start dumping many investors in this season because of what people are experiencing in their environment.
full member
Activity: 1260
Merit: 100
October 18, 2020, 10:19:53 PM
If you are not trusting USDT coin, i think there are many other stable coins you can use for any purpose for example trading on exchange.
Try USDC, it is same as USDT, 1:1 ratio on USD and it is already in top 20 rank on coinmarketcap list and the volume is good.
full member
Activity: 336
Merit: 103
Proof-of-Stake Blockchain Network
October 18, 2020, 02:01:18 PM
There're so many stable coins nowadays but Tether is still of the most used of them. Even though there were a lot of bad news about USDT, and I doubt that it's really backed up by dollars at 1:1 ratio, but I still use it very often in my daily trading. Of course it's always good to have diversification even among stable coins, but I don't think that Tether can become SCAM on day. I could have such a huge impact on the market, that it's even hard to imagine.
legendary
Activity: 3766
Merit: 1217
October 18, 2020, 12:33:29 PM
Believe it or not, we are still using USDT now as a stable coin. Apart from Tether, there are still some coins like USDC or DAI. Of the many options, I always use USDT as a stable coin when the market is red for example. So until now I still really believe in USDT, as a stable coin.

Tether may be having a higher market capitalization, but my preferred stablecoin is Binance USD (BUSD). Obviously you can't use it in exchanges apart from Binance platforms, but I regard BUSD to be more trustworthy when compared to the other options such as USDT, USDC and HUSD. All that said, I never store any of my money in stablecoins. I use them only for trading.
full member
Activity: 1190
Merit: 100
October 18, 2020, 12:07:17 PM
Believe it or not, we are still using USDT now as a stable coin. Apart from Tether, there are still some coins like USDC or DAI. Of the many options, I always use USDT as a stable coin when the market is red for example. So until now I still really believe in USDT, as a stable coin.
full member
Activity: 714
Merit: 104
October 18, 2020, 10:56:52 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?

Hardly would you find anyone in the crypto currency world today that do not trust USDT, stable coins literally makes life of a trader easier; it helps to keep your funds  safe from dumps or pumps; it helps you to convert to btc or eth quicker. And if you use the usdt based on tron, you have an opportunity to send your usdt to exchanges at 0 charges, because charges is in tron which is extremely cheap. I trust usdt, i own and keep it alot.
I completely agree with your opinion. At the time when I was just starting out in the cryptocurrency market, I was very much concerned about the volatility of the market, as well as the high volatility of cryptocurrencies. But I was very often rescued by USDT, which allowed me to quickly react to the situation and reduce my losses. Plus, I am very happy that USDT is also on the erc20 platform as this does not pose much of an inconvenience since most of all my assets are on the Ethereum platform.
member
Activity: 1050
Merit: 10
Martian Swap - Anti Whale Measures New Yield Farmi
October 17, 2020, 03:08:45 PM
Yes I absolutely trust usdt. Usdt is the most used stable coin in the market. There are lots of stable coin available in the market but still usdt hold s the number one position among them. And usdt also have a very big marketcap cause people used it a lot and its supported by almost every big exchanges. Inknow there are lots of negative news about usdt but I never faced any kind of issue using usdt. So for me usdt is may main  stable coin. But if you don't like it you could go with other coins   there are lots of stable coin available in the market.
full member
Activity: 339
Merit: 100
October 17, 2020, 11:59:24 AM
USDT is one of the factors helping the crypto market grow as it is today. There are many FUDs associated with it from its inception, but then the market and Tether itself continued to grow. So I still believe in it. Tether will keep as the largest stable coin on the market.
member
Activity: 224
Merit: 16
October 17, 2020, 11:46:08 AM
USDT and USD are totally different coin. USDT is one of the popular coin in the crypto world. It is maintain on a strong technological base which ensures safety and security. I think, there has less possibility of scam of this coin. Though USDT value is maintained matching with the value of USD, its acceptance is not matched. But investment on this coin is increasing day by day and it always maintains a standard value.That's why I always believe in this coin.
jr. member
Activity: 163
Merit: 1
October 17, 2020, 10:40:04 AM
USDT is most used coin.
Its prize all time vary with US Dollar.
So I believe in USD Tether.
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