Do you trust USDT? - page 25. | Bitcointalksearch.org

Twinkledoe

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Quote from: Ifemini on July 24, 2020, 04:59:21 PM

I fo trust usdt 100%, it is a stable coin employed on the short term basis to maintain value for my capital / profits during a market fluctuations. You cannot trust usdt as an investment option, it is not designated to function that way. Always do your own research

Long term investment? I would say no. As far as I remember, last year they admitted that they are not fully backed by US$ assets. So what are the chances that they are very honest with their current assets? But if you just want to hold USDT for short period of time to avoid volatility aspect, you can do so. But not for long term in my opinion.

Ifemini

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There are consequences for every action

I fo trust usdt 100%, it is a stable coin employed on the short term basis to maintain value for my capital / profits during a market fluctuations. You cannot trust usdt as an investment option, it is not designated to function that way. Always do your own research

Diamond_Darrell

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Quote from: AnonBitCoiner on July 24, 2020, 12:16:37 PM

It's seems lot of transaction was made with USDT as like Eth, so Usdt had a good support. My opinion of usdt is it will good for transaction and it won't be better option for long term investment.

Quote from: Jannyh on July 17, 2020, 04:23:26 PM

For me, in my opinion,I think usdt has really helped a lot of us trader, especially when you are fortunate to know that the bear market is coming,you can quickly sell your coins to usdt and that will help save the value of your asset till when you gain the trust of the market to convert, so far I trust usdt.

To gain more profit, you should hold usdt without any panic. Panic selling will be the worst option will be chosen by new traders to save their money. But it's not true, holding is better option.

Bro, in 1991 the whole country ceased to exist, and with it its bank "Sberbank" ceased to exist together with the accounts of depositors who kept money there) And you assure everyone that some kind of surrogate from a private "shop" is safe

AnonBitCoiner

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It's seems lot of transaction was made with USDT as like Eth, so Usdt had a good support. My opinion of usdt is it will good for transaction and it won't be better option for long term investment.

Quote from: Jannyh on July 17, 2020, 04:23:26 PM

For me, in my opinion,I think usdt has really helped a lot of us trader, especially when you are fortunate to know that the bear market is coming,you can quickly sell your coins to usdt and that will help save the value of your asset till when you gain the trust of the market to convert, so far I trust usdt.

To gain more profit, you should hold usdt without any panic. Panic selling will be the worst option will be chosen by new traders to save their money. But it's not true, holding is better option.

Valak

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Quote from: Desscount on July 17, 2020, 09:41:52 AM

Quote from: Valak on July 17, 2020, 09:07:20 AM

Quote from: karsyla on February 09, 2020, 04:14:42 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 believe in the value of USDT. And these coin are real, even though they use ethereum platoform. Basically, USDT is only one platform, Tether Omni. After the main platform was successful, an ERC20 version was developed.
Tether value is lower or higher than the value of USD (Fiat Dollar) between plus mines 0.1%.

why be afraid of USDT?

Why do you ask me? From what I have said, there are no words "afraid" with USDT.
I believe in the value of USDT and pay attention to any changes in USDT supply. Not just talking stable value.

Blue_oxen

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Quote from: ?? on ??

Quote from: Denreal on July 17, 2020, 04:29:56 PM

I use USDT, as a matter of fact, i use it more than any other stablecoin, but i do not have full trust in it, which is why it rarely store it in my wallet. My use of USDT does not exceed exchange sites, where i trade. It is a very useful tool while trading. Till date, there are still controversies over USDT, which is one of the reasons i cannot totally rely on it.

Most people also using it for exchanging to crypto across many exchange platform and what the use of holding USDT anyway? might aswell convert it to real USD since it's not that big of hurdle and I'm sure most of us could convert it to real USD within minutes. Trusted or not totally depends on the person who uses it.

It's true that the opinion varies. However, I have to say that Tether is one of the most-used stable coins in the market. For me, I don't trust anything in the field completely even BTC or ETH. I consider USDT as a way to store my capital while the market is too volatile. Until now, I don't have too many doubts about Tether and I can say most traders think as same as me. It is useable and reliable for now.

FanEagle

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Quote from: marilynmanson21 on July 17, 2020, 02:16:56 PM

Yes, I do believe on USD Tether since it's remain stable since a long time ago until now, even there's so many rumors and negative thougths about it, but as we can see even with all of that USDT are remain stable. But I also more believe to my own local stable currency, since I don't need to convert and calculate based on USD anymore.

What you mean by stable since a long time? You mean it is stable among haters' criticism and rumors or sustaining among them?
It is stable in value because it is designed to be so (it may hardly fluctuate +/- 3% of 1 USD and nothing more and nothing less to that). It is existing with us because of the innovation it has brought into the crypto space.

Still, why people do ask about trusting USDT? Because, it is not a mineable cryptocurrency like most other altcoins but is in different format and being controlled by a corporate. So, it may get seized by government if they suspect money laundering for terrorism is happening through USDT whereas if it is a truly decentralized coin then it kind of problem could have been eliminated by characteristics itself.

coolon

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Quote from: karsyla on February 09, 2020, 04:14:42 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?

Many people trust Tether and trade with it. Of course it looks stable but there are a lot of bad rumors around this token. When I trade I try not to use it, I always trade using btc, bitcoin in the last turn will turn out to be a Scam.

Denreal

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I use USDT, as a matter of fact, i use it more than any other stablecoin, but i do not have full trust in it, which is why it rarely store it in my wallet. My use of USDT does not exceed exchange sites, where i trade. It is a very useful tool while trading. Till date, there are still controversies over USDT, which is one of the reasons i cannot totally rely on it.

Jannyh

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For me, in my opinion,I think usdt has really helped a lot of us trader, especially when you are fortunate to know that the bear market is coming,you can quickly sell your coins to usdt and that will help save the value of your asset till when you gain the trust of the market to convert, so far I trust usdt.

Leah38

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I trust and trade USDT pairs. I'm comfortable using it for trading. It has gained popularity at many futures exchanges now. I haven't heard any negative feedbacks yet so as far as I'm concerned, its safe.

Diamond_Darrell

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It all depends on the purpose for which you use USDT / if for long-term storage, then definitely not. But for financial transactions, it is a good alternative to real money.

marilynmanson21

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Yes, I do believe on USD Tether since it's remain stable since a long time ago until now, even there's so many rumors and negative thougths about it, but as we can see even with all of that USDT are remain stable. But I also more believe to my own local stable currency, since I don't need to convert and calculate based on USD anymore.

Poppy_ALTStrader

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Personally I trust USDT. I think it's easier to use USDT than USD. More secure

asder250

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Tether is the oldest stable coin in the market, it survives the bear market, it survives all attacks and all claims that Tether is connected to the negative business. But you see, Tether is still here, still has value 1USD. While MakerDao and its DAI has not only one problem with the stability in the future.

husencoe

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of course, I believe in USDT coins, and now USDT is ranked 3rd, which makes USDT much in demand because the price is relatively stable, I hope the stable level of this coin in the cryptocurrency market will last forever.

Dpat

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USD Tether is a very trustable crypto coin as far as we think about the Stable coin. This coin is traded highest in the exchanges among all other crypto currency that are representing a stable coin. Actually, all stable coins are backed by a real asset like the dollar or the Gold. But the USDT is backed by real Gold which make it more trustable.

rajakulam

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Quote from: karsyla on February 09, 2020, 04:14:42 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?

looking at the progress of the current USDT I think is not a scam, for a relatively stable price may not last forever because all that is determined by supply and market demand.

Desscount

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Quote from: Valak on July 17, 2020, 09:07:20 AM

Quote from: karsyla on February 09, 2020, 04:14:42 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 believe in the value of USDT. And these coin are real, even though they use ethereum platoform. Basically, USDT is only one platform, Tether Omni. After the main platform was successful, an ERC20 version was developed.
Tether value is lower or higher than the value of USD (Fiat Dollar) between plus mines 0.1%.

why be afraid of USDT? USDT is indeed the best stable coin for now, look at the USDT marketcap entering the 3rd place at Coinmarketcap, I think using USDT is very safe from all other stable coin risks

Valak

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Quote from: karsyla on February 09, 2020, 04:14:42 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 believe in the value of USDT. And these coin are real, even though they use ethereum platoform. Basically, USDT is only one platform, Tether Omni. After the main platform was successful, an ERC20 version was developed.
Tether value is lower or higher than the value of USD (Fiat Dollar) between plus mines 0.1%.

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