Do you trust USDT? - page 27. | Bitcointalksearch.org

CuriousGeorge

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Quote from: Untomabur on July 10, 2020, 04:08:31 PM

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?

I have been using USDT since 2018 and everything is fine. Maybe some people feel doubt caused by the ability that owned by the creator of USDT to block the wallet.
As long as the your capital is not coming from the criminal act and everything will be fine.

qwizzie

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Tether freezes 7.9 Million USDT
https://hive.blog/hive-167922/@themarkymark/tether-freezes-7-9-million-usdt

Quote

Did you know Tether can freeze your wallet address?

Over 7.9M USDT has been frozen by Bitfinex as requested by law enforcement.

"Turns out 39 addresses have been banned from using USDT on Ethereum as of now."
- Philippe Castonguay

No, i don't trust Tether.
It is not trustless.

klavyemaus52

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Quote from: karsyla on February 09, 2020, 05:14:42 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 don't know how its work a lot but in bittrex we have both ''USDT'' and ''USD''.
At this point im always using normal usd because as u say usdt is in someones control.
Of course usd is not best way to hold your money you just can't trust anything in this exchanges. Its really hard.
And im just selling bitcoin to usd and usd to bitcoin altcoins are too risky right now.

JHORN

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I don't believe that usdt is a scam, centralized stablecoin isn't a scam, they can be controlled or manipulated but people who are into criminal acts will definitely go against this stable coin because funds can be freezed or reclaim, if you are clean you have nothing to worry about

IvugeoEvolutionCoin

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Quote from: Untomabur on July 10, 2020, 04:08:31 PM

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?

I really do not know why many keep being skeptical about USDT, probably because SEC keeps dragging Bitfinex / Tether on several occasions which always make the news. As for me, I'm very comfortable keeping funds in USDT, especially when the market is about to go on a downtrend from my TA.

memed97

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Quote from: bukham88 on July 11, 2020, 09:27:48 AM

USDT price movements are very stable compared to other altcoins, however, USDT prices are also influenced by market demand, where prices can drop at any time.

Don't make useless jokes here, USDT is a stable token whose base price follows the dollar price in general, and it would be very wrong to compare USDT with other Altcoins which are not supported by any country's currency. The price of a token is influenced by the amount of demand on the market, but for USDT tokens the effect is on the price of the currency significantly, different from other tokens whose effect is on the volume of demand in the market.

WSDN

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Quote from: Untomabur on July 10, 2020, 04:08:31 PM

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?

I agree with you. There is nothing to be afraid of holding USDT because generally all exchanges in this market use it, and if they want to switch to fiat, investors will use USDT more. Besides, USDT is supported on a variety of platforms, so any investor can be sure to trade easily and without any problems. You can also use USDC or TUSD because these two stable coins are no different USDT.

bukham88

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USDT price movements are very stable compared to other altcoins, however, USDT prices are also influenced by market demand, where prices can drop at any time.

jrrsparkles

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Quote from: Untomabur on July 10, 2020, 04:08:31 PM

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?

Saving money in USDT? Even if it is perfectly backed up by USD in 1:1 ratio still the value losses due to inflation and in the recent days USDT is printing more and more money which makes them to reach high position on daily trading volume even higher than bitcoin but it is not really a good thing for a stable coin, the trust on tether can get broken at any time so you are in risk while holding it.

Untomabur

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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?

hamaravijay

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What about another stable coins like Binance usd...? and other stable coins......?

Mulann2

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USDT is like any other crypto so if you can trust any other crypto, you can as well trust usdt, besides usdt is the safe heaven of most crypto enthusiast who like to save their earnings when the market is going down, the point usdt is serving great purpose at least this is how i see it.

BlackFor3st

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Quote from: karsyla on February 09, 2020, 05:14:42 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 can't fully trust this altcoin also but it's popularity to the investors are very high even if it is a stablecoin. It's current rank is at #8 base on coinmarketcap which is a good spot for a stable coin.

Though there are other investors out there that will convert their assets into stablecoin if they are not yet ready to invest. Stablecoins are the safest option also for investors that don't want a high ROI or to those people who are only saving their money.

nennanem

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Not only many traders trust USDT but also there are many exchanges that trust this stablecoin. I can't name any other stablecoin that is listed on that many exchanges. Some platforms offer USDT-based markets. I guess such trust from the exchanges' side speaks in favor of Tether.

Aaroenz0r

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Quote from: charlesmichel1 on February 11, 2020, 04:42:45 AM

Cryptocurrency was created because people supposed that fiat money couldn't be trusted. Tether is nothing more, but digitalized dollar. If you trust USD, you trust USDT too.

USDT is a stable asset to know exactly my profit when participating in this market, so I fully believe in Tether. In fact, many platforms are starting to support this stable coin, so this is the number one choice for all investors. Currently, USDT and USDC are the two stable coins that people use a lot in trading and hope that there will be more stable coins available in this market.

bustomi

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i dont trust USDT because as long this currency have a connection to dollar bills, i dont think this gonna hold for long. but there is still functional currency as comparison for altcoin price Grin

WalkerIVIV

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Quote from: sockpuppet1911 on February 12, 2020, 05:46:15 PM

Quote from: charlesmichel1 on February 11, 2020, 04:42:45 AM

*snip*
If you trust USD, you trust USDT too.

Actually i trust USD way more then USDT, if some regulators wants to shut that service down some day, they most probably can.

As long as it has reserved amount and all will be safe. There was no different to trust USDT or USD as USD has already used to backed tether token. More than 40% of my current assets are still in the USDT form and this token can still be trusted by anyone.

Sebas.tian

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Quote from: ntsdm1 on February 10, 2020, 05:04:36 PM

Quote from: karsyla on February 09, 2020, 05:14:42 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 trust because I always use this coin.But there are suspicions, of course.There is a saying: trust but verify.So keep the eggs in different baskets.

Personally I don't trust USDT because people are the ones in control over the system. Am always afraid of any coin that been control by humans, most especially those control by Bitcoin haters. The price is been decided by these group of persons acting as the owner of these coins. They may as well collapse one day or disappear.

sockpuppet1911

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Quote from: charlesmichel1 on February 11, 2020, 04:42:45 AM

*snip*
If you trust USD, you trust USDT too.

Actually i trust USD way more then USDT, if some regulators wants to shut that service down some day, they most probably can.

charlesmichel1

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Cryptocurrency was created because people supposed that fiat money couldn't be trusted. Tether is nothing more, but digitalized dollar. If you trust USD, you trust USDT too.

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