Topic: Do you trust USDT? - page 3. (Read 7077 times)
USDT is the most widely used stable coin and until now I still often use it to secure assets or make transactions so I still really believe, anyways, FUD is no longer heard in my ears
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?
Is it just me or is the very idea of a USDT "stablecoin" rather pointless? I can see in theory it has some use, but in practice it is essentially just replicating a payment network like Mastercard/Visa/American Express, but with less security because it is decentralized and held on all sorts of vulnerable devices. If somebody struggles with the means to open an online bank account because they are less technically minded or don't have ready access to the internet, then chances are they will have even more trouble properly securing a cryptocurrency wallet like this. It's not necessarily a scam, it just recreates the wheel really - the whole banking system is already doing this job and probably a lot more efficiently because of decades of experience. If I'm understanding right then Bitfinex is the weakest point in the trust chain, because someone has to be a guardian of the dollar reserves.
Currently USDT is a relatively stable coin in the cryptocurrency market, but USDT is influenced by someone who keeps USDT coins stable, I myself am a little hesitant about investing in USDT because it could be a scam.
It's funny when you say USDT is a scam, because currently there are so many tokens that are paired with USDT tokens and also USDT has a good rating in cryptocurrency from the past to the present. 
Yeah i trust it
But many gossips are hitting the market that usdt is not backed up by real $.
But i dont its real. Cause lots of people think that usdt is the most trusted stable coin.
But who knows despite these it might be scam
USDT is actually a digital token created using blockchain technology to represent fiat money (in this case real US dollars or other physical assets equivalent to the value of US dollars), which is owned and held by the company Tether Limited, so this shows If the USDT value is only pegged to USD only and there are many other cryptos that make real investments as their price pointers like Lgold which is pegged to the price of gold, so it is not in the sense that USDT is USD in the form of fiat.But many gossips are hitting the market that usdt is not backed up by real $.
But i dont its real. Cause lots of people think that usdt is the most trusted stable coin.
But who knows despite these it might be scam
USDT being the most used stablecoin. In cryptocurrency exchanges the most traded pair is now USDT. This is definitely a trusted coin so it is everyone's first choice. I often accumulate my asset in USDT and convert to other currency as required. I have never faced any problem during these transactions.
Yeah i trust it
But many gossips are hitting the market that usdt is not backed up by real $.
But i dont its real. Cause lots of people think that usdt is the most trusted stable coin.
But who knows despite these it might be scam
But many gossips are hitting the market that usdt is not backed up by real $.
But i dont its real. Cause lots of people think that usdt is the most trusted stable coin.
But who knows despite these it might be scam
I believe with USDT because best option when bitcoin lower price guarantee USDT have higher price, but your profit not increase faster if hold USDT only because this coin as saving assets only when btc or altcoin correction. But better saving your assets or money in USDT than you use bank as place for your money saving.
but USDT is influenced by someone who keeps USDT coins stable
Who? I don't think USDT can be influenced by someone.USDT is a kind of stable coin that's why the price of USDT relatively quite stable in the market.
I myself am a little hesitant about investing in USDT because it could be a scam.
In my opinion, USDT isn't a proper coin to invest in. You cannot expect the value of USDT to increase much. It is better to invest in a crypto coin with higher volatility such as Bitcoin, Ethereum, Tron, BNB, Stellar, LINK, etc. Indeed, the risk is bigger, but you have a better chance to take multiple profits by investing in those coins.How can you claim it is a scam? No proof if USDT is a scam.
Currently USDT is a relatively stable coin in the cryptocurrency market, but USDT is influenced by someone who keeps USDT coins stable, I myself am a little hesitant about investing in USDT because it could be a scam.
I have no reason not to trust USDT
because as long as I transact using USDT and so far there has never been a problem, for me as long as I exchange USDT to the currency of my country it is safe, I believe in USDT
You say you have no reason not to trust USDTbecause as long as I transact using USDT and so far there has never been a problem, for me as long as I exchange USDT to the currency of my country it is safe, I believe in USDT
because as long as you transact using USDT there is never a problem, and you also say that you feel safe in exchanging USDT into your country's currency.
well, what will you do if you suddenly have problems using the USDT even though today there are no problems.
then, how would you respond if your country has financial problems, what steps will you take.
Although there are controversies faced by tether (usdt) in the past but it is still widely used, probably because usdt has been around for a long time, compared to other stable coins. But maybe we shouldn't put all our trust in usdt, it's better if we diversify our portfolio to other stable coins if we plan to hold for long term in stable coins.
I think USDT is the first stable coin to emerge in the crypto world, and of course USDT is very trustworthy, I myself have never experienced any problems with USDT, in fact I think USDT has become the most important part in the world of crypto
I have no reason not to trust USDT
because as long as I transact using USDT and so far there has never been a problem, for me as long as I exchange USDT to the currency of my country it is safe, I believe in USDT
because as long as I transact using USDT and so far there has never been a problem, for me as long as I exchange USDT to the currency of my country it is safe, I believe in USDT
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 think that in the current market situation and against the background of all other stable coins Tether is the best one that exists so far. I don't think it's a scam, despite rumors that Tether lied about the liquidity of the coins they put on the market.
For me personally, the USDT coin is very interesting as it is completely similar to the dollar. And this coin is always stable and you can transfer certain coins to USDT for storage. I believe that the USDT coin is very necessary for working in the crypto industry. The USDT coin has been on the market for a long time and it has established itself on the good side.
I Don't know USDT will scam or not. USDT is most popular stable coin. So much people use USDT for sending stable payment. I also use usdt for sending payment. People using usdt from long time so, I believe usdt. But, I don’t khow their mind.
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 exists and has been serving us faithfully for a long time. What makes you think this is a scam? Perhaps there were some manipulations, I don't know for sure. But almost all traders outside the market keep their money in USDT. Do you trust USDT or believe it might be a scam?
As much as I know, tether started off the project in a shady manner but I careless about that its my coins am more concerned about, for example if I acquire some coins say a $20 on my wallet, as long as my 20 dollars remains 20 dollars at any given day or time I trust it! You just have to love these stable coins 
Though the blockchain it was built on really hurts it with the high transaction fees.
Though the blockchain it was built on really hurts it with the high transaction fees.
I use USDT more than every other stable coins follow by BUSD but not a single decentralized stable coin because I don't see any reason to use them, I use stable coins to keep funds for a short period of time and that's it, USDT just happened to be my favorite because of massive support and volume
Honestly, I do have trust on USDT, in fact, I made daily trade using USDT as my trading fair into altcoins.
And so far as good while doing using it mate. Moreover, it is much better to trade using USDT compared to ETH
it is because on ETH there is a fluctuation happen suddenly. Based on my experienced this a couple of days only.
well, I might be in the middle. for now I only use USDT as needed. however, USDT is still a better stable coin than any other stable coin. So, believe it or not, I'm still using it. I just haven't held it for very long, because I thought that holding an altcoin was worth more than that. And so far as good while doing using it mate. Moreover, it is much better to trade using USDT compared to ETH
it is because on ETH there is a fluctuation happen suddenly. Based on my experienced this a couple of days only.
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