Although I don't fully trust USDT, I still use it now because to store the value of my assets before I buy bitcoin or altcoin back at a low price, I will store them in other wallets. USDT is like a temporary stopover so I can save the profits from selling my assets to USDT or BTC.
So I guess I went for "I have a moderate amount of trust in Tether." I didn't make USDT a long-held asset pool after earning those profits.
Topic: Does the bitcoin community currently trust Tether? (Read 561 times)
I wonder why are you asking about that on the Altcoin thread. But I trust them enough to use it sometimes, but I wouldn't hold it for a long time.
...stable coins are no different to a fiat and we all know that BTC is created as opposed to that. ..
No, stablecoins are very different from fiat, since they are issued by private companies and have nothing to do with the state. This CBDC is similar to fiat money, since it is a different form of money issued by the state, but at the same time it has similarities with stablecoins, since it works on the blockchain.
I have a significant amount of trust in Tether and other stable coins also but mostly Tether. I keep them on https://wallet.bitcoin.com/tether where I feel they are safe.
Now that Japan is lifting its ban on usdt and other foreign stablecoins I am more confident in my trust for the oldest stablecoin to ever be used.
Now that Japan is lifting its ban on usdt and other foreign stablecoins I am more confident in my trust for the oldest stablecoin to ever be used.
I think Tether is a trustable Stablecoin and huge amount of people trust into usdt and a alot of people store his fund in tether so according to my experience is that Tether is a trustable but I can't say that its a fully secure but according to situation and see the tether past so we say that its a good for use.
Interesting community of bitcoiners on this forum. No one trusts Tether, but absolutely everyone uses it. This also means that if people use dollars (Tether), then they don't trust bitcoin (afraid that the price will fall and they will lose dollars, which they don't trust). Perhaps this paradox could be called hypocrisy. Why use something you don't trust?
Which user you mean they're not trust Tether but they're use Tether? I'm not the one of those people because I wouldn't use anything that I don't trust, it doesn't make sense at all. I think those people are newbie who didn't learn anything and made depth research before invest in Bitcoin, they invest in Bitcoin just because they're rely on so called professional.
I chose a little amount of trust in Tether. The only thing that makes me trust Tether a little is its being a long time player in the market. It has a longer track record compared to other stable coins. It hasn't also went through a serious issue of losing the peg on USD's value. So that's it. Other than that, I have reservations about it. We have the serious issue of Tether's backup and its shady audits. We also have another serious issue of its centralization.
I don't think that the Bitcoin community trusts Tether but rather sees Tether as an alternative to fiat, many traders use Tether to reduce more losses when the market is bearish they prefer to trade their altcoins to Tether because they feel the price is more stable than other altcoins, but it not a form of trust only find alternatives when the market moves out of control.
Tether and stable coins are a necessary evil, before stable coins were created if someone wanted to sell their coins for fiat they needed to receive a wire transfer to their bank accounts, and this was not only complicated but you ran the risk of your account being closed for dealing with cryptocurrencies.This was also a slow process, so if you wanted to buy a coin you could need to wait days for this to happen, stable coins solved those issues, but at the same time they brought a whole lot of other issues which we are still figuring out how to deal with.
It's true, stable coin is needed in the market, we all know stablecoin or altcoins in the market is centralized, and since it is centralized, they cannot be called safe. But their use is almost mandatory, we have no better solution to choose from.
I didn't vote because believe it or not I had no choice. I will still use USDT or stablecoins but will always be careful with everything, don't hold them for too long, and only use them when necessary. That's what I think we can do.
Only those who use stable coins are likely the traders who want to preserve the profit that they get. They only mostly came here for the money/profit though they still need the volatility to be able to buy low and sell high.
And for those people a tool was needed which helped them to sell their bitcoin but which at the same time allowed them to get back and buy bitcoin in the case there was a new positive trend, and stable coins are the perfect tool for those people, after all they are not interested in holding fiat either they just want to increase their bitcoin holdings by timing their movements to the best of their ability.
I don't think that the Bitcoin community trusts Tether but rather sees Tether as an alternative to fiat, many traders use Tether to reduce more losses when the market is bearish they prefer to trade their altcoins to Tether because they feel the price is more stable than other altcoins, but it not a form of trust only find alternatives when the market moves out of control.
Tether and stable coins are a necessary evil, before stable coins were created if someone wanted to sell their coins for fiat they needed to receive a wire transfer to their bank accounts, and this was not only complicated but you ran the risk of your account being closed for dealing with cryptocurrencies.This was also a slow process, so if you wanted to buy a coin you could need to wait days for this to happen, stable coins solved those issues, but at the same time they brought a whole lot of other issues which we are still figuring out how to deal with.
It's true, stable coin is needed in the market, we all know stablecoin or altcoins in the market is centralized, and since it is centralized, they cannot be called safe. But their use is almost mandatory, we have no better solution to choose from.
I didn't vote because believe it or not I had no choice. I will still use USDT or stablecoins but will always be careful with everything, don't hold them for too long, and only use them when necessary. That's what I think we can do.
Only those who use stable coins are likely the traders who want to preserve the profit that they get. They only mostly came here for the money/profit though they still need the volatility to be able to buy low and sell high.
Most crypto users are still using USDT for their trading or for transfer purposes mostly.
But I believe, a lot are now converting their funds to BTC and other non-centralized coins for long-term holding.
Because with the failure after failure in this market, it is no surprise that the next big stable coin will collapse.
Who would have thought that FTX will collapse? So people are now securing their funds more than ever.
People should remember about the admission of USDT team before that they had no 100% backing of assets.
Now, ask yourself, what is the ultimate truth about their assets today?
I don't think that the Bitcoin community trusts Tether but rather sees Tether as an alternative to fiat, many traders use Tether to reduce more losses when the market is bearish they prefer to trade their altcoins to Tether because they feel the price is more stable than other altcoins, but it not a form of trust only find alternatives when the market moves out of control.
Tether and stable coins are a necessary evil, before stable coins were created if someone wanted to sell their coins for fiat they needed to receive a wire transfer to their bank accounts, and this was not only complicated but you ran the risk of your account being closed for dealing with cryptocurrencies.This was also a slow process, so if you wanted to buy a coin you could need to wait days for this to happen, stable coins solved those issues, but at the same time they brought a whole lot of other issues which we are still figuring out how to deal with.
It's true, stable coin is needed in the market, we all know stablecoin or altcoins in the market is centralized, and since it is centralized, they cannot be called safe. But their use is almost mandatory, we have no better solution to choose from.
I didn't vote because believe it or not I had no choice. I will still use USDT or stablecoins but will always be careful with everything, don't hold them for too long, and only use them when necessary. That's what I think we can do.
Only those who use stable coins are likely the traders who want to preserve the profit that they get. They only mostly came here for the money/profit though they still need the volatility to be able to buy low and sell high.
I don't think that the Bitcoin community trusts Tether but rather sees Tether as an alternative to fiat, many traders use Tether to reduce more losses when the market is bearish they prefer to trade their altcoins to Tether because they feel the price is more stable than other altcoins, but it not a form of trust only find alternatives when the market moves out of control.
Tether and stable coins are a necessary evil, before stable coins were created if someone wanted to sell their coins for fiat they needed to receive a wire transfer to their bank accounts, and this was not only complicated but you ran the risk of your account being closed for dealing with cryptocurrencies.This was also a slow process, so if you wanted to buy a coin you could need to wait days for this to happen, stable coins solved those issues, but at the same time they brought a whole lot of other issues which we are still figuring out how to deal with.
It's true, stable coin is needed in the market, we all know stablecoin or altcoins in the market is centralized, and since it is centralized, they cannot be called safe. But their use is almost mandatory, we have no better solution to choose from.
I didn't vote because believe it or not I had no choice. I will still use USDT or stablecoins but will always be careful with everything, don't hold them for too long, and only use them when necessary. That's what I think we can do.
definitely i have enough trust in tether (usdt) because of i am still more using this stable coins from another stable coins,
in trading you can't imagine without it, i say it's high use cases in most of the trading pair,
but i will not holding it in short/long term, i am using it to exchange usdt to my native currency.
in trading you can't imagine without it, i say it's high use cases in most of the trading pair,
but i will not holding it in short/long term, i am using it to exchange usdt to my native currency.
In this case i said simple is that Tether usdt are not Full secure Stablecoin but alot of people still trust and use this Stablecoin so i think its a good Stablecoin but i am not say that its a fully secure so can't hold a huge fund in this but if anyone use so that is not bad Stablecoin we use Tether regular many years.
I don't think that the Bitcoin community trusts Tether but rather sees Tether as an alternative to fiat, many traders use Tether to reduce more losses when the market is bearish they prefer to trade their altcoins to Tether because they feel the price is more stable than other altcoins, but it not a form of trust only find alternatives when the market moves out of control.
Tether and stable coins are a necessary evil, before stable coins were created if someone wanted to sell their coins for fiat they needed to receive a wire transfer to their bank accounts, and this was not only complicated but you ran the risk of your account being closed for dealing with cryptocurrencies.This was also a slow process, so if you wanted to buy a coin you could need to wait days for this to happen, stable coins solved those issues, but at the same time they brought a whole lot of other issues which we are still figuring out how to deal with.
Trust can mean many things. Overall, it is assured reliance on the character, ability, strength, or truth of someone or something. In this case, I want to gauge how much this community currently trusts Tether ($USDT). Before answering the poll, consider the following:
I just believe into tether due to its long running feature and nothing else. We cannot verify their reserves and cannot audit anything about their business operations but for the decentralized environment, I guess being pioneer without any significant problems, we may go with.Your trust in a cryptocurrency is not solely indicative or related to how much coin you hold with them, but rather your overall comfortability and blessing given to an entity to decide present and future factors in your life.
I feel a little bit controversy in your statements. I mean if you are comfort with one coin then only you may plan to hold that in short or long term. Comfortability is the measure and outcome of strong technical and fundamental analysis. So, if you plan for holding with one coin means you are comfortable with that coin. 
I have a little trust in Tether, enough to use it to get in & out of some trades. A few times I gambled with Tether, but after that, I would buy some coins back. I never hold it longer than I need it...
I guess all stable coins are shady, but until now everything was fine with most of them. TerraUSD collapse shows that every stablecoin can drop big time and make a pretty nasty situation for all the people that got trapped holding that stable coin!
I guess all stable coins are shady, but until now everything was fine with most of them. TerraUSD collapse shows that every stablecoin can drop big time and make a pretty nasty situation for all the people that got trapped holding that stable coin!
I have a moderate trust in tether because it is the first stable coin I am familiar with and have used up to this point, but I don't want to rely on it 100% after what we've seen with other centralized products. I must say that FTX really opened my eyes and mind to the fact that we can't put our hard money into anything in the crypto space. It's a harsh time for a centralized product currently, it's a wake-up call for both users and developers (especially them with their centralization). I'll keep using tether, but I'll spread it out more among other stable coins to anticipate another downfall.
I don't think that the Bitcoin community trusts Tether but rather sees Tether as an alternative to fiat, many traders use Tether to reduce more losses when the market is bearish they prefer to trade their altcoins to Tether because they feel the price is more stable than other altcoins, but it not a form of trust only find alternatives when the market moves out of control.
Not only USDT but almost all centralized stablecoins are unreliable, but since they are the bridge that makes it easy for us to convert from fiat to other cryptocurrencies, we still use them on a daily basis.
This is the riskiest investment market, so you don't need to trust them too much, you only need to use them when necessary and never hold them for long because no one knows what will happen in this market. Use them wisely and don't trust anyone in this market.
This is the riskiest investment market, so you don't need to trust them too much, you only need to use them when necessary and never hold them for long because no one knows what will happen in this market. Use them wisely and don't trust anyone in this market.
I believe that Tether is the most popular and most successful among all types of stablcoins. Of course, you need to understand that this token is centralized, and it must be taken into account that this asset is managed by a certain fund. But I prefer Tether more because it has the largest capitalization among all stablecoins, and to be precise, its market capitalization is equal to two subsequent stablecoins.
I have no trust for Tether most especially to save my funds I would rather covert my funds Into it and sell out to fiat, stable coin like usdt are only needed in terms of payment measurements where a trader needed a fix value amount to detect if really he got exact values and after which they would make their investment to any other cryptocurrency so, likely the recent developments and turbulences has made trust to fail drastically on those centralized currencies. I do not trust any stable coin.
Stable coins have their uses, if someone wants to sell their investments in this market but at the same time they are not really thinking about converting to fiat yet, then stable coins can be a useful tool for such a person.However the issue is that people instead use stable coins as a way to store their wealth for months or even years, and if someone is thinking about doing something like this then it is better for them to just get fiat instead.
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