Future of USDT after Justin Sun Resigning from TRON

peter0425

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Quote from: noormcs5 on December 17, 2021, 11:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

So this is the reason why Tron drops more these days?

I hate myself from not knowing this lol as i am holding good amount of Tron in my wallet for long time now , though i care noithing then because all of those coins are being bought in much cheaper prices and willing to keep the coins for many years.

So hope that this change of management will make good effect in the near future .

bitkanu

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Quote from: levyashin on January 20, 2022, 02:56:46 PM

I always think future of usdt is shaky cause of bitfinex doing shady things and not being transperent at all.

I know that you may feel contradicted with bitfinex as we know that bitfinex was always printing more and more stable coin but remember that so many people need it right now. So many times people talked about this but USDT is still exist in the market and more people are using USDT right now.
I should remind you that bitfinex has no correlation with tron foundation.

Quote from: levyashin on January 20, 2022, 02:56:46 PM

Yet, justin sun resigning from tron doesn't make any difference.

It makes a bit different as coz we know how hard justin was shilling his foundation.

soureden

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Quote from: noormcs5 on December 17, 2021, 11:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

As far as we can follow, USDT does not seem to be affected much by this event. It is increasing its demand in the market day by day.

levyashin

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I always think future of usdt is shaky cause of bitfinex doing shady things and not being transperent at all.

Yet, justin sun resigning from tron doesn't make any difference.

el kaka22

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It has been a case of USDT used on trc20 only for transactions and not for holding, people do not hold too much usdt on trc20 if you ask me, it is only between transfers. Like if I am sending money from my binance account to my friends binance account then I can use that network, but aside from that I do not think that people use tron network all too much. This was valid before Justin left, and it is after he left as well.

Tron was never a good project and it never really took up because nobody really wanted to build a project for it. Hopefully people get smarter about which network they pick but USDT needs some correction as well. They sold too much USDT to the public for now, one bad situation and they will be in big big big trouble and many people along with them.

bhadz

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Quote from: khiholangkang on January 20, 2022, 10:15:50 AM

USDT is not only on the tron network, but on all blockchain networks. So of course USDT will still do well in the market.
And regarding TRX I see the price is getting lower after being left by Justin

It's not because he left why the price is going down. It's the normal thing for its part of the market when bitcoin goes down, everything is also going down.
The same goes for the TRX and with such news, it adds to the effect of it but even if Justin stays, I think that the price of trx will eventually go down because of the market condition.

khiholangkang

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Quote from: camat gampong on January 20, 2022, 09:06:14 AM

Currently TRX and USDT are both still holding on in the market with very good volumes and it is clear that there has not been a bad impact and if this year can have a better performance, then we can be sure TRX will also rise to find new ATH in the year this.

USDT is not only on the tron network, but on all blockchain networks. So of course USDT will still do well in the market.
And regarding TRX I see the price is getting lower after being left by Justin

camat gampong

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Quote from: lalabotax on January 17, 2022, 07:55:48 PM

I'm surprised to know this. Of course, this news may have an impact on TRX or USDT price. But I don't think it will last a long time. Justin Sun isn't the only one in Tron Foundation, there will be another one to replace him. Except Tron Foundation is bankrupt, we don't need to worry about the future of TRX or USDT. Anyway, I don't see a significant impact on TRX price although we have this issue.

Currently TRX and USDT are both still holding on in the market with very good volumes and it is clear that there has not been a bad impact and if this year can have a better performance, then we can be sure TRX will also rise to find new ATH in the year this.

Oneandpure

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Although Justin Sun have resigning and quit from TRON project still not any impact because have the same mission and developer mind with TRON mission for the future, very hard how to make investor keep believing with TRON coin depend not stable and reach all time higher price. Maybe just spent investor only keep hold TRON coin after their project BTT coin have trouble with new upgrade and close trading on many exchange market, many investor and holder worry will BTT coin can reach higher price after new upgrade or still dump.

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Quote from: noormcs5 on December 17, 2021, 11:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

Many people had skipped the btc in 2013-2015.Now they feel about that lose of chance. But now, same trx had such a potential like a bitcoin.So it's best time to inverse in trx for the long running profit or for the future assets. They is no doubt, the investment was spilted amomg the trx and usdt.If you want to hold for the short period. You should use of the usdt.You can easily get some cents as just holding the usdt.

Ararbermas

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We have no choice if what will gonna happen to trx network (usdt) wherein we need to accept the fact since there's already a rumours, at least we are aware because of that news. Infact there's are still some options when it comes stable coins and different network, so let's be prepared instead to prevent losses however it will really gonna happen soon.

Sayeds56

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Quote from: Kodok Bencot on December 26, 2021, 04:04:01 AM

Quote from: Pejoh Asu on December 26, 2021, 02:14:50 AM

I'm sure if Justin's role in TRON is not significant anymore so he leaves, we don't know behind the scenes of TRON, maybe there are many problems that made Justin choose to leave and of course TRON will never depend on Justin Sun so without Justin TRON will still continue to shine.

Exactly, TRON and USDT are big projects that of course will never depend on 1 or 2 people, and I'm sure even if Justin Sun left TRON there is already a team that can perform functions like Justin Sun.

True. Exit of Justin sun won't make much difference as it is already well established organization and its coins are listed on majority of Exchanges , though it may have some temporary negative effect on Tron price but Traders will continue using Tron and USDT for transferring funds as the transaction fee is the lowest on this network.

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Quote from: noormcs5 on December 17, 2021, 11:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

It feels great to hear those amazing stories about TRON, no matter what happens I go for positive impact despite of lots of controversies over time, not just trx but also for other promising assets. USDT's future just depends on different pairing but trx network I guess it remains stronger in time as the fluctuations hasn't going down so bad. It continue to develop as time gets older.

lalabotax

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I'm surprised to know this. Of course, this news may have an impact on TRX or USDT price. But I don't think it will last a long time. Justin Sun isn't the only one in Tron Foundation, there will be another one to replace him. Except Tron Foundation is bankrupt, we don't need to worry about the future of TRX or USDT. Anyway, I don't see a significant impact on TRX price although we have this issue.

YinShuiSiYuan

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Quote from: noormcs5 on December 17, 2021, 11:30:58 AM

Justin Sun quits Tron to become WTO ambassador for Grenada, so what will be the future of tron and more importantly USDT ? I am really concern about this news and how will it impact our investment in trx and stable coin usdt Roll Eyes

As for what will happen to USDT, I think his resignation doesn't matter too much.
The situation is definitely worse with the TRON project. I think that we can expect significant price drops in the near future. If someone likes speculation, TRON will be a great long-term investment for sure in a few days or weeks, because I think that its price may temporarily drop by several percent.

Teraboy

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Quote from: ymckartal on January 11, 2022, 04:43:42 PM

Tron and USDT are optional investment vehicles.

Hell yeah but USDT was not an optional for investment purpose. USDT is a way for people in crypto to keep their value to be stable and it will be affected by the volatility in the market. USDT has nothing to do with the resign of justin. USDT is using tron caused by it's cheap and to be optional blockchain for ethereum when there's no a lot of alternative blockchain to be used as a way to avoid the big fees on ethereum. It doesn't make sense to create a correlation between resigning of justin will be affecting the future of USDT. If this is about tether and that will actually affecting the future of USDT.
Tether can decide whether it will be using tron forever or not. The key should be on tether and not justin. Low transaction fees is main reason for tether to pick tron blockchain.

ymckartal

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Tron and USDT are optional investment vehicles. Currently usdt is in the 3rd rank as far as I know. The demand will always be positive, as Tron money transfers are processed with the lowest commission.

Nazmul012

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If justin sun resign then of course that will impact on tron but not on usdt! Cause usdt isn’t depending on tron only, let you know there are many alternative ways for usdt transactions. Might be impact on daily volume but the fact is, tron Isn’t suppose to be a good coin! justin sun has talent but tron always disappoints people by its failed movement. So don't set high expectations from it. Now It's all about waiting for new ceo as well as his steps about tron

Gudhal Untu

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Quote from: Pejoh Asu on December 26, 2021, 02:14:50 AM

I'm sure if Justin's role in TRON is not significant anymore so he leaves, we don't know behind the scenes of TRON, maybe there are many problems that made Justin choose to leave and of course TRON will never depend on Justin Sun so without Justin TRON will still continue to shine.

Right, big projects and companies must have a good and neat management system, for example Microsoft without Bill Gates or Facebook without Mark Zuckerberg will run normally, this is a system and of course the thoughts of Justin Sun are already contained in the TRON system.

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Quote from: virasog on December 29, 2021, 11:07:48 AM

This means he will still have his say in the Tron foundation and he will get his profit shares too ?
If this is the case, then nothing is gonna change for tron and i am not gonna change my perception about this project. I consider tron a shit coin which is hyped by justin sun.

It will be like Charlie Lee in Litecoin. They will still involve in Litecoin and TRON projects. It is only they won't involve too much in coins or tokens they hold.

Shit coin or not, TRON already achieves good things. The token is accepted on many exchanges and before the growth of Solana, TRON and TRC-20 is the best alternative for crypto users when Bitcoin and Ethereum had expensive transaction fees.

Before the shill and attempts of CZ to shill Binance Smart Chain, by increasing withdrawal fee on TRC-20 chain, the fee is 0 that is very attractive.

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