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Topic: Do you trust USDT? - page 19. (Read 7077 times)

member
Activity: 1120
Merit: 68
August 29, 2020, 09:12:27 AM
In my case, I can safely say that USDT is one of the most stable coin in the market which I give my trust to invest with and knowing its stability which so happen that its value never went too low, I will give my hundred percent trust to it.
USDT is one of the most reliable stable coins in the crypto market. But I think it is not worth for a long-term investment because it will not give you a much huger profit, since it is a stable coin. But it is good to buy it if we are experiencing a bear market and to minimize the volatility of the price of it.
member
Activity: 281
Merit: 10
Futurov
August 29, 2020, 05:55:48 AM
In my case, I can safely say that USDT is one of the most stable coin in the market which I give my trust to invest with and knowing its stability which so happen that its value never went too low, I will give my hundred percent trust to it.
hero member
Activity: 1694
Merit: 502
★Bitvest.io★ Play Plinko or Invest!
August 29, 2020, 04:12:48 AM
I trust it, it's a good substitute for the dollar, it's good for trading, for holding your capital stable while the prices are dropping. It's a stable coin and for that it's good, for investing and holding just USDT there's no point in that, it's like you are saving dollars, and we are here for the cryptocurrencies, not for fiat and cash.
sr. member
Activity: 1372
Merit: 250
Seabet.io | Crypto-Casino
August 29, 2020, 04:02:03 AM
USDT is still very popular with investors, USDT is a pair that has a lot of interest as a trading tool besides that, there are quite a lot of USDT available networks and even more great, USDT has become a means of payment in the world of crypto currencies
hero member
Activity: 2408
Merit: 674
God, save BTC!
August 29, 2020, 03:54:21 AM
Only those who embezzling money will have problem using a centralized stablecoin like USDT because their money can be freeze, if you are the type and you don't want this to happen it's better to use decentralized stable coins
I am not sure that Tether can freeze your funds when USDT is on your personal wallet. This may be a feature of their smart contract, but I haven't heard about freezing money yet!
About the decentralized stablecoins - so far they have less trust than USDT...
sr. member
Activity: 1274
Merit: 252
August 29, 2020, 03:38:54 AM
I currently have confidence and trust in usdt, usdt is a stable coin that currently has pretty good market dominance. The concept, which is stable at 1dollar price, attracts many cryptocurrency users. Stable coin is a concept that is hot in discussion, because it is suitable for transaction and payment tools. But any altcoin can turn into a scam, stay alert because something can change drastically on the cryptocurrency market.
sr. member
Activity: 1680
Merit: 263
August 29, 2020, 03:09:49 AM
stable coins such as USDT or often called Tetherr are coins that have a fixed investment value. I mean stable at a fixed price and this coin is often used by users to convert your currency when trading. I personally use this stable coin for necessity and not for long term investment.
member
Activity: 224
Merit: 18
Sovryn - Brings DeFi to Bitcoin
August 29, 2020, 03:09:20 AM
Only those who embezzling money will have problem using a centralized stablecoin like USDT because their money can be freeze, if you are the type and you don't want this to happen it's better to use decentralized stable coins
full member
Activity: 1190
Merit: 100
August 29, 2020, 02:39:29 AM
To believe it or not, of course I personally still believe in Tether. However we don't believe in this stable coin, people still use it. Right now we have a lot of stable coins. And what's better than all of them is Tether, which is still reliable compared to other stable coins.
hero member
Activity: 1274
Merit: 500
Proof-of-Stake Blockchain Network
August 29, 2020, 02:17:42 AM
Tether has the protection of bank assets so it won't fall apart easily. Compared to other stable coins, Tether has many audit-related scandals and they have passed. I think Tether is still very trustworthy and I love tether like many other traders.
I will say that I only trust this stablecoin. As you said, there were many scandals around them and I like it. they were be able to prove that they can really be in this market and honestly do their job
full member
Activity: 532
Merit: 104
August 29, 2020, 01:47:34 AM
Tether has the protection of bank assets so it won't fall apart easily. Compared to other stable coins, Tether has many audit-related scandals and they have passed. I think Tether is still very trustworthy and I love tether like many other traders.
sr. member
Activity: 924
Merit: 256
August 28, 2020, 06:49:08 PM
yes I believe , even usdt is coin love and i believe he is stable reason , i often take usdt to trading and i am very comfortable with his prices are stable
of course the USDT price will be stable because the price movement depends on the USD so if you look at the USD only has very little price movements and the effect on USDT the price is still in place, so USDT can actually be used for long-term investment because of its price stability.
sr. member
Activity: 1162
Merit: 260
August 28, 2020, 03:33:37 PM
Currently the daily market volume of USDT is much higher than the BTC, soon it will go past the total XRP market volume, and in upcoming days ETH even BTC also. I have no doubt that the coin can play a vital role in the whole crypto coin market in the upcoming years.
But coming back to the OP's question how much trustworthy is it? I don't have too much technical knowledge and I have some questions regarding the trustworthiness.
1. Does Bitfinex still have total control over the coin?  
2. According to coinmarketcap Bitfinex has 0.04% of the total coin in their exchange, what will happen to the remaining USDT if the exchange goes down from the next day?
3. What are the possible cases that the USDT value could somehow decrease?
 
full member
Activity: 600
Merit: 100
SAPG Pre-Sale Live on Uniswap!
August 28, 2020, 03:04:36 PM
USDT is one of the most popular stable coins nowadays because the price follows the USD currency, USDT pairs are many in every market small and large
maybe from that factor that made me believe in USDT
legendary
Activity: 2730
Merit: 1288
August 28, 2020, 03:00:00 PM
No currency is completely trustworthy, that includes the legit currency we're using.

Monero and Bitcoin are fully trustworthy to me. Its code is open source and anyone can check it if it have any backdoor.  It is permissionless and decentralised.  Yes there can be bugs and value can go to zero. So the risk exist.  But trust the is there.  
member
Activity: 1078
Merit: 21
COMBONetworkio
August 28, 2020, 02:20:48 PM
Bitfinex is one of the most controversial exchanges at the beginning. They are not as transparent as Binance so I wouldn´t be surprised if Bitfinex ends up catastrophically. Some of the banks already closed their accounts.  Roll Eyes
What do you mean? we are talking about USDT why talking about Bitfinex? Are USDT and Bitfinex related?
USDT is still used on top exchangers so I think if Bitfinex ends up being a scam, USDT will not get the effect
copper member
Activity: 133
Merit: 1
love to live honestly & try to be self-dependent
August 28, 2020, 12:16:22 PM


No currency is completely trustworthy, that includes the legit currency we're using. But USDT, also some of stablecoins are trustworthier than the extorting cryptocurrencies

sr. member
Activity: 966
Merit: 254
August 28, 2020, 12:05:24 PM
Bitfinex is one of the most controversial exchanges at the beginning. They are not as transparent as Binance so I wouldn´t be surprised if Bitfinex ends up catastrophically. Some of the banks already closed their accounts.  Roll Eyes
hero member
Activity: 1540
Merit: 500
August 28, 2020, 11:59:35 AM
from what I have seen in past years it has been quite stable so it serves its purpose as a stable coin. Obviously, you don't want to hold usdt for too long either but as far as I am concerned it is safe for converting alts to usdt when you are unsure of the market movement.
member
Activity: 243
Merit: 10
August 28, 2020, 11:35:43 AM
So far I have trusted USDT because I can secure my assets from high price fluctuations, because a stable USDT price is unlikely to go down much.
Not only will it ensure your assets can become safe, it will even ensure that you can have a relative return like other cryptocurrencies as long as you hold it, this has been recognized by everyone for a long time and believes in USDT is a very normal thing but it takes two conditions to gain that belief. First, the crypto market needs to continue to develop in a good direction, besides, the developers and corporations behind USDT need to be sustainable over time, these are two indispensable conditions for us to believe in USDT
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