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Topic: Do you trust USDT? - page 20. (Read 7108 times)

jr. member
Activity: 84
Merit: 3
August 28, 2020, 10:21:00 AM
USDT is more stable than any other crypto. Whenever you are marketing altcoin that is actually USDT, is more preferable for trader to purchase their coin that suit them.
full member
Activity: 262
Merit: 100
August 28, 2020, 10:16:28 AM
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
member
Activity: 224
Merit: 28
August 28, 2020, 03:02:46 AM
USDT is far from scam and it's gaining more ground in crypto space through regulations, I trust this stable coin and again I don't plan to use USDT to store large amount of money or hold for too long, the highest I hold is just two months
sr. member
Activity: 1932
Merit: 300
August 28, 2020, 02:51:20 AM
As George Martin said with the mouth of Varys, the power "Power resides where men believe it resides".
Similar is the case with Tether, even though people know they have issues, almost all of the exchanges use it as the default stable coin and it's currently the most traded crypto ahead of bitcoin and ethereum. Their valuation is close to Ripple's total market cap and no one knows how and how far they would grow. Until people believe in it's price, it would hold it's price.
copper member
Activity: 1400
Merit: 103
August 28, 2020, 02:49:13 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.
full member
Activity: 616
Merit: 100
August 28, 2020, 02:03:28 AM
As long as the coin is stable and not making some irregularities then for me I can give my total trust like what I am doing regarding USDT. It is one of the altcoin that I have a high trust with because it is one reliable and consistent coin in the market for a long time.
hero member
Activity: 2436
Merit: 503
Cryptocasino.com
August 28, 2020, 01:45:11 AM
Is a bit risky holding it but from the way i see it I think is already used in many exchanges and is like the most dominant crypto stablecoin out there Personally I think having those strings and holding positions make it a coin to be relied on for now.
In my opinion if that was not giving any risky to the holders as the price was fully pegged with the dollar. It has big volume and all exchange sites were also accepting it too.

Only those who are feeling skeptical said this is a scam coin but it doesn't mean those who are saying like that was not using USDT. This is a reliable coin to be used to avoid the volatile.
full member
Activity: 487
Merit: 100
August 27, 2020, 10:16:01 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 suppose that there will be not fair if say that USDT is a scam project. If it is a scam , why many people and almost the exchanges still recognize and use it. The bottom line that lead community think it scam is collateral behind it is not yet transparent. I believe this thing will be clear in the  near future.
full member
Activity: 815
Merit: 101
August 27, 2020, 07:47:57 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 not a scam, yes I trust this coin. currently USDT is one of the best coins out there, it is one of the stable coins used by many people today. So I thought why don't we trust USDT nowadays.
full member
Activity: 686
Merit: 107
August 27, 2020, 07:34:52 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 not fully backed by USD. I'll trust BUSD more it is fully regulated and is 100% backed with fiat USD. But we cannot call USDT as a scam, it is still legitimate. Like any other stable coin, it is used by many traders to preserve the value of their holdings whenever the market goes down.
legendary
Activity: 2450
Merit: 1140
duelbits.com
August 27, 2020, 06:54:53 PM
I trust USDT and I don't see any reasons to state it "scam". If you mean the risk in using the USDT, even it has a lower risk in inflation than keeping Bitcoin or ETH. USDT is a stable coin, it has low volatility. That's why people prefer to choose it once the values of most crypto coins are decreasing. In addition, USDT has been in fourth place in coinmarketcap ranks. It cannot be placed in that position if USDT is probably a scam.
sr. member
Activity: 924
Merit: 256
August 27, 2020, 06:50:45 PM
Is a bit risky holding it but from the way i see it I think is already used in many exchanges and is like the most dominant crypto stablecoin out there Personally I think having those strings and holding positions make it a coin to be relied on for now.
of course USDT is one of the coins that is safe to hold long-term because with USDT which has very little price movement it will make investors more confident that the profits that will be obtained will indeed take a long time because it has slow price movements but the level of risk is very small.
full member
Activity: 1470
Merit: 103
COMBO 2.0
August 27, 2020, 06:45:47 PM
Is a bit risky holding it but from the way i see it I think is already used in many exchanges and is like the most dominant crypto stablecoin out there Personally I think having those strings and holding positions make it a coin to be relied on for now.
hero member
Activity: 1232
Merit: 858
August 27, 2020, 06:26:35 PM
I know perfectly well that the provision of USDT dollars exists only as long as everything is good on the crypto market and there is no very large collapse and panic. Therefore, I try not to keep my money in the USDT for a long time. However, I would like to say that in recent weeks, to transfer my money between exchanges, I most often use USDT, because the cost of transactions in it is one of the smallest.
sr. member
Activity: 1988
Merit: 254
PredX - AI-Powered Prediction Market
August 27, 2020, 03:52:27 PM
Why would you buy USDT? Only when you would like to stay in crypto when you expect a dump, right? But, you should know that all of these stable coins are at the edge of the law and we don´t know for how long they will survive. So, be careful and do not hold these stable coins for a long time.  Smiley
Obviously, we will never be profitable if we buy USDT and hold it, Stablecoin only helps us to stabilize when the price crashes and easily trade. Btw I totally agree that stablecoins can crash at any time, so always be careful with it.
jr. member
Activity: 34
Merit: 1
August 27, 2020, 02:39:03 PM
I trust USDT so much, of course as for me I say it's the most stable it's certain unlike crypto like BTC and others, people say it's a scam? Personally saying it's not and as a matter of fact it's part of the most stable.
member
Activity: 746
Merit: 10
https://axiomapay.com/
August 27, 2020, 02:26:19 PM
I believe the Theter altcoin or USDT is one of the stable coins that can maintain its value in any situation. and I'm also not sure if the USDT is a scam. I like this coin because it is safe for investment or at least it can minimize investment losses.
sr. member
Activity: 952
Merit: 267
Vave.com - Crypto Casino
August 27, 2020, 02:22:40 PM
I'm not sure I trust usdt, especially usdt can lock our coin and actuall trust more in stablecoins besides usdt, it's just that sometimes in some exchange stablecoins available only usdt so forced if I want to secure assets I think only usdt I can used .

I'm interested in knowing some points why you don't trust USDT? is it due to the fact that SEC drags the Tether firm and Bitfinex on different occasions or there is more to it? I don't think there is anything wrong with making use of USDT, besides its the most widely used stablecoin with the greatest Liquidity and mcap.
full member
Activity: 1106
Merit: 103
♦♣♥♠
August 27, 2020, 02:22:35 PM
The best stable coins are cash in the mattress. But for the purpose of transferring them through the narrator without declaring it is of course good to use USDT. But this is of course just my opinion))
full member
Activity: 2142
Merit: 183
August 27, 2020, 01:19:51 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?
In the world of cryptocurrency, it is hardly worth trusting anything unconditionally. In our actions with cryptocurrency, we must take into account a certain percentage of even the most incredible negative coincidences and not invest, as they say, all eggs in one basket. However, sometimes it's worth the risk. It is often a significant risk that brings a large profit. There can be no unequivocal advice here.
As for the USDT stablecoin, it has always generated confidence so far.
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