Do you trust USDT? - page 17. | Bitcointalksearch.org

3meek

hero member

Activity: 2590

Merit: 684

God, save BTC!

Quote from: mindrust on September 13, 2020, 10:20:47 AM

Quote from: 3meek on September 13, 2020, 09:04:33 AM

Quote from: mindrust on September 13, 2020, 05:51:42 AM

This is the undeniable proof that shows how retarded this space has become.

When Bitcoin goes moon next time and whoever buys it above its last ATH will suicide in masses.

Tether MC is now $14.7b. Another ~$500m was printed in the last few days.

GoxV2.0 loading.

What is even more sad, some people think these manipulative moon shots are good for bitcoin.

Yes, you are right! At this rate, Tether will be able to bypass the bitcoin in capitalization! But if another Gox happens to it, the whole crypto market will just collapse and I don't think it will ever recover!

When people like Peter Schiff who don't know jack shit about crypto say that crypto is a ponzi scheme, they unintentionally say the right thing. That's even more sad.

Bitcoin itself isn't a ponzi scheme but when you create USD out of thin air and inflate the price of bitcoin so you can sell your stash from a higher price, now that's criminal act.

I wonder where are the damn FEDs who caught the ceo of btc-e in Greece for money laundering while 'Finex is printing fake USD's in front of everybody's eyes.

Previously there were many claims to finex and Tether, but for some reason they still function... By the way, earlier Tether claimed that their token is not fully secured by the dollar as well as by various tokens! Wink

Fake is now provided by a fake! Grin

But no matter how paradoxical it may be, personally I don't see any other substitute for USDT on the stock exchanges...

By the way, there are many ponzi in crypto, especially new DeFi projects...

That's why people treat cryptocurrency as a casino or Wild West! One FED will probably not be enough here! Wink

azmirihaque

member

Activity: 224

Merit: 16

USDT is good and stable coin. Thousands of investors have already invested on this coin. USDT is one of the most trading coins in the blockchain trading platform. It is one my favorite coin. Crypto market is spreading very soon. So, I think, as a established coin in this market, it will never scam.

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: 3meek on September 13, 2020, 09:04:33 AM

Quote from: mindrust on September 13, 2020, 05:51:42 AM

This is the undeniable proof that shows how retarded this space has become.

When Bitcoin goes moon next time and whoever buys it above its last ATH will suicide in masses.

Tether MC is now $14.7b. Another ~$500m was printed in the last few days.

GoxV2.0 loading.

What is even more sad, some people think these manipulative moon shots are good for bitcoin.

Yes, you are right! At this rate, Tether will be able to bypass the bitcoin in capitalization! But if another Gox happens to it, the whole crypto market will just collapse and I don't think it will ever recover!

When people like Peter Schiff who don't know jack shit about crypto say that crypto is a ponzi scheme, they unintentionally say the right thing. That's even more sad.

Bitcoin itself isn't a ponzi scheme but when you create USD out of thin air and inflate the price of bitcoin so you can sell your stash from a higher price, now that's criminal act.

I wonder where are the damn FEDs who caught the ceo of btc-e in Greece for money laundering while 'Finex is printing fake USD's in front of everybody's eyes.

Snigdho07

jr. member

Activity: 32

Merit: 1

I never believe cryptocurrency 100% fully because every cryptocurrency have some pros and cons. But take them on a side I personally don't think that USDT is too much suspicious though it has some issue. It is a stable coin so sometimes I convert crypto into usdt.

3meek

hero member

Activity: 2590

Merit: 684

God, save BTC!

Quote from: mindrust on September 13, 2020, 05:51:42 AM

This is the undeniable proof that shows how retarded this space has become.

When Bitcoin goes moon next time and whoever buys it above its last ATH will suicide in masses.

Tether MC is now $14.7b. Another ~$500m was printed in the last few days.

GoxV2.0 loading.

What is even more sad, some people think these manipulative moon shots are good for bitcoin.

Yes, you are right! At this rate, Tether will be able to bypass the bitcoin in capitalization! But if another Gox happens to it, the whole crypto market will just collapse and I don't think it will ever recover!

jajorforce

full member

Activity: 399

Merit: 100

Quote from: HK88 on September 12, 2020, 10:55:23 PM

I personally don't trust USDT completely, you don't need to trust anything before using it. I can see USDT points as a stable coin to switch to when the crypto market is volatile. Keep your ideas right about USDT simple. so, use stable coins as trading pairs and not for long term investments.

I don't understand your point! Should we use USDT for trading to avoid huge losses? Tether is the very oldest coin in cryptocurrency and we can use it for a short or long term. 91% people trust USDT token, even vote also for Yes. Stable coin maximum supply can't be fixed, we have to trade with consider it. Although stable coin trading profits are very low.

Miaallen

member

Activity: 573

Merit: 30

I trust it the tether to the maximum trustworthiness. It is even the most trusted of all stable coins to me. I spoke with many friends who either sell their coins for fiat currencies or just tether which they hold for long period. That shows how much people trust it.

deathcode

copper member

Activity: 1428

Merit: 253

Quote from: wildan88 on September 13, 2020, 06:52:55 AM

same here i'm curious if the tether should be trusted some users say that it shouldn't be trusted and some says it could be trusted for a short time i'm not quite sure about the long term use of it. i think in my opinion i should hold btc or ethereum rather than holding usdt for a long term.

if you think for the long term of course it would be better for BTC or ETH as an asset to keep. USDT will not undergo major changes even if you save it for a very long time. but BTC and ETH can move up and have a higher value than your purchase price.
USDT is not a problem asset. we can believe it in a short time as you say. USDT is very useful and has a very wide market.

Kgn78692

newbie

Activity: 37

Merit: 0

USDT is the most famous crypto stable coin in the world in my opinion this can't be fake because it's already in the market for almost 2-3 years but it is still running and I think this coin has very bright future as compared to any other stable coin

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

Quote from: Banulit on September 13, 2020, 06:14:33 AM

Yes I definitely trust usdt because of its being one of the most stable coin in the market and it is also one of the popular stablecoin that is being using by many crypto enthusiast that makes it very unique and awesome coin.

Most stable coin? Dude, all the stable coins in the market are stable. That's why they are called as stable-coins. They are pegged against fiat currency and therefore they will be devoid of volatility unlike the other cryptocurrencies. But the question is whether you can trust them or not. Stablecoins are just tokens issued by various cryptocurrency exchanges. If the exchange goes down, then the corresponding stablecoin will also become worthless.

wildan88

legendary

Activity: 1862

Merit: 1046

same here i'm curious if the tether should be trusted some users say that it shouldn't be trusted and some says it could be trusted for a short time i'm not quite sure about the long term use of it. i think in my opinion i should hold btc or ethereum rather than holding usdt for a long term.

Arkann

full member

Activity: 714

Merit: 104

Quote from: landoffaucets on September 13, 2020, 05:42:17 AM

Stay away from Tether and Bitfinex. I have read an article that says that in November finally problem with Tether will be solved. What does it mean for cryptocurrencies? No one knows, but when you look where is the biggest USDT volume, you find out that Binance and Huobi exchanges will be the most affected crypto exchanges.

In any case, caution does not hurt, especially given the fact that in the cryptocurrency market, you always need to be careful and attentive. But nevertheless, for several years I have been using USDT as an asset, which serves as an intermediate link between the bank and the cryptocurrency for me, as well as when market indicators decline. As of today, I am generally happy that Tether also uses the erc-20 platform, as this simplifies many tasks for me. At least until now, despite the fact that the indicators were in the cryptocurrency market, too bad or too good, USDT has never given a reason to doubt its effectiveness.

Banulit

full member

Activity: 674

Merit: 100

Yes I definitely trust usdt because of its being one of the most stable coin in the market and it is also one of the popular stablecoin that is being using by many crypto enthusiast that makes it very unique and awesome coin.

xerorex

newbie

Activity: 10

Merit: 0

I'm confused with that they how they maintain the prize of this USDT to 1:1 .
By the way It's very complicated to answer this question. Although it is the best coin for transaction i would prefer it for not to hold.

mindrust

legendary

Activity: 3276

Merit: 2442

This is the undeniable proof that shows how retarded this space has become.

When Bitcoin goes moon next time and whoever buys it above its last ATH will suicide in masses.

Tether MC is now $14.7b. Another ~$500m was printed in the last few days.

GoxV2.0 loading.

What is even more sad, some people think these manipulative moon shots are good for bitcoin.

landoffaucets

hero member

Activity: 1204

Merit: 502

Stay away from Tether and Bitfinex. I have read an article that says that in November finally problem with Tether will be solved. What does it mean for cryptocurrencies? No one knows, but when you look where is the biggest USDT volume, you find out that Binance and Huobi exchanges will be the most affected crypto exchanges.

escalante28

member

Activity: 742

Merit: 42

Of all the stable coin released Tether (USDT) is the most common widely used by traders now, though we can sense there are a lot of shady things going on with Tether. So it's up for us to decide if wether to trust Tether or not. For now, they have done a good job of staying stable. But that could soon be reversed. So just be careful in putting money on it.

btc-facebook

legendary

Activity: 1862

Merit: 1015

I have heard about rumors circulating like that for a long time, but to this day I have not found solid evidence that can clarify it, and because there is no solid evidence yet, there is a possibility that the issue is not true,
and in fact to this day USDT is a stable coin which has a market capitalization greater than any other stable coin.

3meek

hero member

Activity: 2590

Merit: 684

God, save BTC!

That's right! You don't have to trust USDT to fix your money in it! But I know the guys who kept it for 2018-2019, and with any bad news about USDT they were very worried...
But still, in my opinion there is no worthy replacement for Tether yet...

Bezobraznike

sr. member

Activity: 1274

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

Quote from: HK88 on September 12, 2020, 10:55:23 PM

I personally don't trust USDT completely, you don't need to trust anything before using it. I can see USDT points as a stable coin to switch to when the crypto market is volatile. Keep your ideas right about USDT simple. so, use stable coins as trading pairs and not for long term investments.

HK88 you are right, USDT is good just as trading pair, and for times when prices
are declining, but just for some time, when price stop falling to buy sold coins. USDT
is not investment, it's a stable coin that has a dollar value, and that will stay like that.
Construction and purpose of stable coins is not totally clear for me, I know it's issued
and distributed by centralized exchanges, and I don't fully trust them because of that
centralization. I have Kore trust in decentralized projects.

Topic: Do you trust USDT? - page 17. (Read 7108 times)