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Topic: Do you trust USDT? - page 28. (Read 7100 times)

newbie
Activity: 32
Merit: 0
February 11, 2020, 03:26:51 AM
#70
The tether tokens is best stablecoin in crypto market and it is giving best service from past few years with any issues. and most of popular crypto exchanges are using usdt for stable coin the tether have great reputation in crypto market and It is my favorite also.
yeah unlike xrp does lately so yes I do believe in USDT.
member
Activity: 400
Merit: 12
February 11, 2020, 03:20:49 AM
#69
The tether tokens is best stablecoin in crypto market and it is giving best service from past few years with any issues. and most of popular crypto exchanges are using usdt for stable coin the tether have great reputation in crypto market and It is my favorite also.
sr. member
Activity: 994
Merit: 278
February 11, 2020, 02:45:31 AM
#68
At this point, Tether seems to be teflon for all the accusations it gets. I am starting to believe, that even if they aren't transparent enough, they are legit. If it would be a proven scam later, it wouldn't affect just in usdt, it would too big of a problem that would bring tons of exchanges down with it.
sr. member
Activity: 1638
Merit: 278
February 11, 2020, 02:37:56 AM
#67
So many conflicts about USDT but so what still i trust this stable coin. A several times spreads fud for reasons of printed coin. But those issues cannot stopped it's popularity, most of the uses coin if you will compare with others coin daily trading activities. But i don’t recommend you should all of coins for move in USDT.             
Tether is gaining its popularity because of its use-case; most of traders are now a days using tether instead of fiat and this is the core reason why we are seeing lost of FUDs against it. At the same time we cannot ignore there are flaws in the reserve system of tether. It may collapse at any time when more number of people opting for cashing out of tether. Still, I believe there will be enough buyers for it so that it may withstand against the any such brutal enforce of cashing out.

I am also trusting tether but not for long term holding. I use it for trading purposes and I never think about holding it in my personal wallet.
member
Activity: 700
Merit: 27
Sovryn - Brings DeFi to Bitcoin
February 11, 2020, 02:11:22 AM
#66
The most popular stablecoin is usdt, its listed on every top exchanges in crypto space, if there is any form of untrust this coin won't get listed on binance and crypto traders can't do without this usdt, very useful in trading pairs so yes its can be trusted
full member
Activity: 1316
Merit: 108
February 11, 2020, 01:43:07 AM
#65
Actually, I only trust bitcoin and other few currencies like, Ethereum but I see that Tether has an interesting potential like the value of market cap ( more than 4 Billion dollars ) and their price ( less than $1 usd )  is pretty appropiate for buying a significant amount of it. But will this progress continue ?
I have no idea, despite everything is pretty possible, we may see this coin on the TOP 3 due to XRP does not have tha ability for progess IMO, and the opposite may also happen. For me, don't take that risk for this coin try to buy just a medium amount especially in this, after the halving event, we will see the next step of this Tether.
The fact is that, in fact, USDT is very profitable to use when the cryptocurrency market falls to minimize losses.  I am 100% sure of Tether, because over the several years of its activity in the cryptocurrency market, USDT practically did not change in price, even despite the bullish or bearish trend of the cryptocurrency market.  To date, a significant part of my money is USDT, which is ready for investment in various projects and at the same time I have no fear in reducing their value.
full member
Activity: 868
Merit: 116
February 10, 2020, 06:28:45 PM
#64
Actually, I only trust bitcoin and other few currencies like, Ethereum but I see that Tether has an interesting potential like the value of market cap ( more than 4 Billion dollars ) and their price ( less than $1 usd )  is pretty appropiate for buying a significant amount of it. But will this progress continue ?
I have no idea, despite everything is pretty possible, we may see this coin on the TOP 3 due to XRP does not have tha ability for progess IMO, and the opposite may also happen. For me, don't take that risk for this coin try to buy just a medium amount especially in this, after the halving event, we will see the next step of this Tether.
hero member
Activity: 2282
Merit: 505
February 10, 2020, 05:40:47 PM
#63
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.
I have the same thought like you dude but just try to rely on the fact we are still seeing so many demands to the USDT and that makes use become try to use it caused by it's still having a very huge volume compared with another stable coin. Im expecting i will not use this coin forever as it's not having fully money to backed all of the issued token.
sr. member
Activity: 2226
Merit: 259
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February 10, 2020, 05:05:03 PM
#62
So many conflicts about USDT but so what still i trust this stable coin. A several times spreads fud for reasons of printed coin. But those issues cannot stopped it's popularity, most of the uses coin if you will compare with others coin daily trading activities. But i don’t recommend you should all of coins for move in USDT.             
full member
Activity: 1470
Merit: 148
February 10, 2020, 04:11:48 PM
#61
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?
Candidly speaking, I trade with cryptocurrency and most of my conversion are all into USDT because of it stability as a coin. Many traders could attest to this fact. Although, I would not want to preach this because, this coin is been control by somebody|group, it could lead to scam. "It might be a scam" on a long-term, so, let be warn.
member
Activity: 394
Merit: 14
February 10, 2020, 04:04:36 PM
#60
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.
full member
Activity: 896
Merit: 108
February 10, 2020, 03:52:35 PM
#59
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?
Excessive worries will not make progress. Be careful, but don't cross the line. Despite many doubts, so far the USDT has provided consistent performance as a stable coin. I only use USDT under certain conditions, don't keep it for a long time. For example when you have to move assets from one exchange to another exchange, and when suddenly there is a price movement that is unexpected, the USDT is quite effective in freezing funds.
sr. member
Activity: 1568
Merit: 321
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February 10, 2020, 12:44:13 PM
#58
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?

The truth is, it's had to say if USDT is scam or not; yes there have many news but instead traders etc are still using it or trading with it. Although there might be underlying things we don't know but for now I have no reason not to trust it. I trade with it, store it against the downtrend in the market and there have been no issue ever since.
Lastly, exchanges are still using it, so why won't I trust it.

So many people using it because it is the firstcomer. First ones are always be special (look at BTC)
I am complaining about Tether sometimes but I am still using it also.

BTW, after ETH and TRX token, today minted ALGO Tether is Algorand network also.
full member
Activity: 812
Merit: 100
February 10, 2020, 12:43:32 PM
#57
I have more confidence in USDT because this is more guarantee than other stablecoin, lately many stablecoin have tried to join and instead I feel the new stablecoin has a big chance of scam because I see they are not as promising as tether.
member
Activity: 1022
Merit: 20
RiveMont
February 10, 2020, 12:37:52 PM
#56
Personally i have never faced any issue using or trading usdt and it is listed and traded on all the big exchanges and platforms so i believe it is legit and it is backed by fiat dollar otherwise no other exchange or platform would have listed them if they were scam, i do use usdt for hedge trading or buying coins at their support prices, always works for me.
copper member
Activity: 966
Merit: 14
February 10, 2020, 12:36:11 PM
#55
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?

The truth is, it's had to say if USDT is scam or not; yes there have many news but instead traders etc are still using it or trading with it. Although there might be underlying things we don't know but for now I have no reason not to trust it. I trade with it, store it against the downtrend in the market and there have been no issue ever since.
Lastly, exchanges are still using it, so why won't I trust it.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
February 10, 2020, 12:11:23 PM
#54


Was already planing to store my money in two stablecoin incase bears are going to come again for more than 3 years. But I might have to divide them to tow or 3 stablecoin just in case. probably USDT, TUSD and maybe BUSD.

When they say don't put all your eggs in one basket, it make sense to do this as well. You never know which of them will go cray for money.
jr. member
Activity: 392
Merit: 2
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February 10, 2020, 11:23:14 AM
#53
USDT is the trusted and stable coin in the crypto market that is backed by dollar, but i hear a conflicting news that the project of USDT never audited itself, whenever in the future the project gets a audit the stability will loose but i hope this will not the case as i just heard it somewhere.
full member
Activity: 896
Merit: 100
February 10, 2020, 10:14:28 AM
#52
why should I not believe in USDT? Many exchanges already have a list of these assets at their exchange. and I also use it to save assets after my daily trading is done. I always use USDT and not other assets.
full member
Activity: 554
Merit: 100
February 10, 2020, 10:10:47 AM
#51
i even dont know about Tether is issued by Bitfinex,i mean about tether erc-20,even its true its doesn't change anything,USDT still and always be popular for people who want buy fiat crypto.
about scam ? well, i dont know and even people like charlie lee or justin sun also dont know, i guess.
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