Topic: Do you trust USDT? - page 26. (Read 7100 times)
USDT is listed and tradeable in most exchanges and it was good to use in trading pair because many trader use it despite of it's controversy ,i will continue to use it to gain a good profit. It is diffinitely a 1:1 ratio and it doesn't matter if it has a controversy as stable digital currency. I will continue to use it as long as it is listed in crypto market. But i will not going to hold it especially for a long term. Much better to hold decentralize currency than the stable one.
USDT is the most stable coin in the market and that's why everyone has reason to show their trust towards it. I think that's the way many investors have to think like that to gain profit when the market is down. Crypto is so volatile and that's why it is better sometimes to go with USDT.
Certainly, USDT is listed in almost every exchange in this market and its liquidity is also much larger than other stablecoins. For me this is the most reputable stablecoin in this market and everyone should use it
that is because almost all trades also release USDT as main assets on their exchanges. it certainly helps because daily traders will of course use USDT to secure their money when exiting a trade. I also trust USDT more than any other stable asset. 
Certainly, USDT is listed in almost every exchange in this market and its liquidity is also much larger than other stablecoins. For me this is the most reputable stablecoin in this market and everyone should use it
There is a lot of FUD with USDT, but it still exists and evolves to the present. So I fully trust this stablecoin and use it, most exchanges have USDT trading pairs and it has the largest liquidity in this market.
I am not sure when holding them they are too often and too long. Rumors are circulating that all stable coins can be frozen at any time by the developer, but some services e.g exchanges still been list these stable coins.
The only thing that might be safer from losing due to being frozen (globally) is storing them in a custodial wallet including a trusted exchanges (if they provide guaranteed asset ownership for customers).
The only thing that might be safer from losing due to being frozen (globally) is storing them in a custodial wallet including a trusted exchanges (if they provide guaranteed asset ownership for customers).
Of course yes, USDT is the biggest stablecoin at the moment and they have lots of liquidity. I have been using USDT for over 3 years now and have never had any problems with it. Sometimes USDT has a few FUDs but it is quickly over and the price is not affected too much
USDT is the stable coin used at all exchanges, and I don't see any problems holding USDT. There will be up to 90% of people choosing USDT to trade because the trading volume of this coin is very large, and certainly everyone has used this stable coin. I do not have any reason to object to the existence of USDT because this coin is so important in the crypto market, and not any stable coin can be compared. 
I have been using usdt for a long time now. And I never faced any kind of problem regarding usdt. I know many people talked about usdt scam or fud. But nothing happened to it no price fractuation or nothing like that. And most of the big exchanges used it and the volume of the coin is too much. So there are very few chance that usdt get scamed or something like that. And if you still hesitate to use usdt there are a lots of option available. You can pick any of it.
Mostly they are talking about the rumours but atleast it can make us be more alerted and didn't give room for USDT to do something fishy which is a good thing and yes people have been given a choice so many stablecoins out there and they are free to choose. I personally don't stick to only one stablecoin as long as these are reliable I'll sue them.
I have been using usdt for a long time now. And I never faced any kind of problem regarding usdt. I know many people talked about usdt scam or fud. But nothing happened to it no price fractuation or nothing like that. And most of the big exchanges used it and the volume of the coin is too much. So there are very few chance that usdt get scamed or something like that. And if you still hesitate to use usdt there are a lots of option available. You can pick any of it.
I have long believed in USDT, both for trading and for saving money, there is no problem with USDT,
all exchanges also use it, what should be feared?
You should not but some people may have a different opinion about that. So many people were feeling doubt after seeing the USDC cases and they were thinking tether could do the same like that too. all exchanges also use it, what should be feared?
In term of liquidity and everyone must never feel worried about USDT
We cant trust USDT 100% even its backed by dollars because many things can happen that it can turn it to scam depending on the people behind it.
Nevertheless USDT is good for storing our profit when there's a market correction so it depends on the investor if he/she will completely think its trustworthy.
Nevertheless USDT is good for storing our profit when there's a market correction so it depends on the investor if he/she will completely think its trustworthy.
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?
Do you trust USDT or believe it might be a scam?
I'd say yes and no. At the moment, I'm not leaning towards negativism as I've dealt with them and I can't say I can complain. However, their accusations have increased lately and going forward I think given that this platform is 100% centralised it is best to be cautious like with any other centralised platform.
Right now USDT is the most stable coin just like USDC from coinsbase.
People keep their money in USDT as assets, Its like a savings money.
TEX-LXRY
People keep their money in USDT as assets, Its like a savings money.
TEX-LXRY
Usdt is a good and stable coin for me, a coin that can be say a dollar price. And i yhink it doesn't go as a scam. Many inveatora would tend to convert their assets to usdt when market becomes low. So i think it ia not scam since the price hasn't got lower it's gap for a dollar price.
Almost all exchanges support USDT, and it seems to me quite enough to trust it! Especially, as we have already written here, USDT are released not only in the ERC-20 network, but also in OMNI and TRX...
By the way, in March 2019 Tether stated that USDT is not secured dollars 1:1...
By the way, in March 2019 Tether stated that USDT is not secured dollars 1:1...
Does it mean that for you a coin that is accepted on many exchanges cannot be a scam?
Even is USDt was not a scam does acceptance have anything to do with safety? You are exchanging your dollars into a centralized coin that tells everyone it's backed 1:1 when it is not. How does it make it trusted?
Surely I trust USDT, price always stable, I can trade in almost all exchanges, no fear of price going down, USDT is the only coin I can hold for a long time with zero doubt of losing my fund. So I believe everybody should atleast trust USDT.
On one hand I use USDT just to achieve something within a stipulated amount of time which must be very short while on the other hand, I don't trust it. In fact I do not trust all these stablecoins which are centralized because most of their activities are questionable just as people having different opinions and some saying USDT is scam, which might be from what they have experienced. Also, in my own opinion, I do not think it makes sense holding USDT for a very long time when taking into account the creators can do anything they want because it is centralized and also USDT being a stablecoin do not increase in value.
I do not trust them at all, why would I trust a centralized one? There is no way I would trust a centralized currency and would stay away from it as long as I can. Of course I do have a bit but very very tiny amount and if they are all gone, I wouldn't be upset about it.
I would say it is quite important to know that USDT has been printed by a company that is in a foreign nation with lax rules and that means they could print out 1 trillion dollars in USDT and sell it to you all and as long as people do not ask for their money back all at the same time they would have enough money to give it all back to you. They are not even showing this as a business to pay taxes, bank and government allows them to keep their money in their bank so that they would have billions in their bank account and by logic in the bank.
I would say it is quite important to know that USDT has been printed by a company that is in a foreign nation with lax rules and that means they could print out 1 trillion dollars in USDT and sell it to you all and as long as people do not ask for their money back all at the same time they would have enough money to give it all back to you. They are not even showing this as a business to pay taxes, bank and government allows them to keep their money in their bank so that they would have billions in their bank account and by logic in the bank.
Almost all exchanges support USDT, and it seems to me quite enough to trust it! Especially, as we have already written here, USDT are released not only in the ERC-20 network, but also in OMNI and TRX...
By the way, in March 2019 Tether stated that USDT is not secured dollars 1:1...
By the way, in March 2019 Tether stated that USDT is not secured dollars 1:1...
I don't think there's anythink wrong with USDT. To me it's most trusted and I have been using it since I joined Blockchain without issue. I do tag it same today and forever. Tether to me is the best and may not really disapppoint anyone. I trust tether for now. When other coins are messing up including BTC, usdt is usually the last hope.
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