How does USDT wallet change our live？

ankit10

sr. member

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Quote from: ivan1975 on April 25, 2019, 02:08:15 AM

Is there a desktop wallet for USDT like Bitcoin Core or only exist online wallets like tether wallet?

There are no such Tether wallets like BTC core wallet is. Official sites of Tether has had only Web Wallet. You have to register on their website to use the wallet and pass KYC to convert USDT to USD. Here are some https://cryptocreed.com/best-tether-usdt-wallets-in-2019/ best tether wallets.

And for Official tether wallet was hacked and more than 31 Million of USDT was stolen in back 2017.

Jrfranco

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Quote from: TidaPay on April 10, 2019, 06:09:45 AM

Within these several months, there is a bear market in cryptocurrency.
As we know, USDT is a dollar-pegged token, each USDT is backed by one U.S. dollar without fear of market fluctuations.

But how can we use USDT to make a profit in such this market？
The majority might say no.

Is there any decentralized wallet can do this for users in the case of ensuring the principal?
wanna figure it out

USDT is a stable coin, but if you are into trading this is very useful, why because, you can put your money in their wallet, and whenever the market is down you can use this to trade others, id rather use USDT rather than other coins, for me it is very useful compared to the others out there.

ATSgrowth

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homt.net

Quote from: TidaPay on April 10, 2019, 06:09:45 AM

Within these several months, there is a bear market in cryptocurrency.
As we know, USDT is a dollar-pegged token, each USDT is backed by one U.S. dollar without fear of market fluctuations.

But how can we use USDT to make a profit in such this market？
The majority might say no.

Is there any decentralized wallet can do this for users in the case of ensuring the principal?
wanna figure it out

At first, I do not think that USDT is really pegged 1:1 to USD.
At second, I do not think that it is a decentralized cryptocurrency, so why you are thinking about a decentralized wallet? It doesnt matter or?

dungp3132

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Quote from: Whosdaddy on April 25, 2019, 06:09:16 AM

If I may get it right, I am just trying to get use to this whole tether idea and its usage, I thought tether is only to preserve your investment, and since there is not form of increase or decrease going on, you can only use it to store your fund, so even if they pair it with other altcoins, it is not the USDT that is increasing, it is the altcoins itself that is performing the increase, while people change it immediately to USDT to preserve that particular value of the altcoins, instead of keeping it in the coin because of its high fluctuation rate.

Tether USD is something like an insurance stable asset and can be used to determine value of Bitcoin at first, then altcoins. It is a bit strange to see Tether USD has such role in crypto, especially for Bitcoin because it is built on the second layer of Bitcoin network. Today, years after the birthday of Tether USD, it has played solid position in crypto. There are some potential substitutes, but itis hard for them to really replace Tether USD.

Whosdaddy

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Quote from: take_off on April 23, 2019, 01:08:02 AM

Why not, there are many altcoin listed with USDT, you can invest in altcoin that can increase. It is investment and investment always comes with risks

If I may get it right, I am just trying to get use to this whole tether idea and its usage, I thought tether is only to preserve your investment, and since there is not form of increase or decrease going on, you can only use it to store your fund, so even if they pair it with other altcoins, it is not the USDT that is increasing, it is the altcoins itself that is performing the increase, while people change it immediately to USDT to preserve that particular value of the altcoins, instead of keeping it in the coin because of its high fluctuation rate.

ivan1975

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Is there a desktop wallet for USDT like Bitcoin Core or only exist online wallets like tether wallet?

dungp3132

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Merit: 26

USDT plays a key role in crypto, just behind bitcoin. In other words, if bitcoin is the first backbone of crypto world, USDT is the second one. It has also been considered as one of the most stable altcoins, that operates on the second layer of bitcoin network. Bitcoin and USDT has mututal correlation, and can not survive without each other, in my perspective. So, if bitcoin has changed our lives, it will be the same for USDT because they can not be separated each other.

raven7886

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Quote from: TidaPay on April 10, 2019, 06:09:45 AM

Within these several months, there is a bear market in cryptocurrency.
As we know, USDT is a dollar-pegged token, each USDT is backed by one U.S. dollar without fear of market fluctuations.

But how can we use USDT to make a profit in such this market？
The majority might say no.

Is there any decentralized wallet can do this for users in the case of ensuring the principal?
wanna figure it out

Tether is not created for the purpose of making profit because its being controlled and the value does not fluctuate, since tether market is not a volatile market, the only benefit of it are the ones you and I knows, having you money stacked in a safe zone.

It is also very effected as utility token, it is tether that I see can really compete with cash and banks. The principal use of tether is use to keep ones coin value from other tokens without having to change it to fiat when the market is going down, I think tether is more beneficial to traders too, not in profit making but in terms of the services being rendered by it.

take_off

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Why not, there are many altcoin listed with USDT, you can invest in altcoin that can increase. It is investment and investment always comes with risks

EdenHazard

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As everyone says above I'll agree with it. USDT just stable coin that you won't have a chance to gain profit with it, either for long term investment or short term investment. I never watch the USDT price up more then $1,5 the price just touch $1,5 in a high. Most people just use USTD for trading pair or they safe the coin into USDT when the market ongoing.

SistaFista

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Merit: 251

Hexhash.xyz

Quote from: TidaPay on April 10, 2019, 06:09:45 AM

Within these several months, there is a bear market in cryptocurrency.
As we know, USDT is a dollar-pegged token, each USDT is backed by one U.S. dollar without fear of market fluctuations.

But how can we use USDT to make a profit in such this market？
The majority might say no.

Is there any decentralized wallet can do this for users in the case of ensuring the principal?
wanna figure it out

I think with the existence of stable coin such as USDT, many traders can trade and making profits with this coin.
Some companies reserve their cryptocurrency by converting it to USDT to facing the volatility of cryptocurrency value.
I guess you can use USDT for trading to get most profit.

Gab20

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Since the price of USDT is already fixed, there is no way profit can be made, except you invest it into a coin.
Although, if you keep or store your fund in USDT and btc dumps, if you eventually buy bitcoin at a lower price and wait for it to rise, you will make your profit.

wuvdoll

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Quote from: TidaPay on April 10, 2019, 06:09:45 AM

Is there any decentralized wallet can do this for users in the case of ensuring the principal?

Ensuring what principles ? You mean that you want to be sticking within decentralization yet you want good returns for your capital along with US dollar backing for not worrying about market fluctuations, right ? I guess there is no such opportunity is existing. Reserve backing up is possible only for stable coins hence you cannot multiply your capital with stablecoins.

Quote from: TidaPay on April 10, 2019, 06:09:45 AM

But how can we use USDT to make a profit in such this market

USDT can be used to STORE or LOCK dollar value. I heard traders are going for shorting way of trading by making use of stablecoins such as USDT.

Peruvyn

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Usdt is only useful in retaining the USD value of a coin especially when it's drastically going down and you are looking for something to edge out the risk and buy again later when there's a sense of stability in the market. As per usdt being peg with USD, I don't think all usdt in circulation are being pegged with USD

blockchaincroatia23

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I still don't fully get stable coins' universe and what's going on with them and how to react. However altcoins look like going to be over and these BTC fluctuations a little bit above 5000$ were the last-ditch effort. The market signals show there are no plenty of alternatives. new era of crypto is coming, and it won't be like bets or stock exchange. lets try to adapt to it and accept it as real money.

Polar91

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Filipino Translator 🇵🇭

Quote from: futile-resistance on April 13, 2019, 02:31:03 AM

Quote from: TidaPay on April 10, 2019, 06:09:45 AM

Within these several months, there is a bear market in cryptocurrency.
As we know, USDT is a dollar-pegged token, each USDT is backed by one U.S. dollar without fear of market fluctuations.

But how can we use USDT to make a profit in such this market？
The majority might say no.

Is there any decentralized wallet can do this for users in the case of ensuring the principal?
wanna figure it out

I am not a fan of USDT, but I can tell you that USDT have made me a lot of profit in the trading market and still making money, especially when we are having a bearish market.

Since, the price of USDT is stable and can't change, it is possible to swap a coin to USDT once the market is bad, and then swap back to that same coin once the market wants to look good, trading between USDT and other coins make me up to 10% profit daily.

There is no guarantee to earn 10% profit daily with USDT but your idea on how to use it is correct and being used by a lot of traders. Actually, we can just convert our altcoins into fiat money; however there are limits and fees are expensive if we're going to do it vice versa. With USDT also, we're using cryptocurrency as a bank and not as an asset.

futile-resistance

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Quote from: TidaPay on April 10, 2019, 06:09:45 AM

Within these several months, there is a bear market in cryptocurrency.
As we know, USDT is a dollar-pegged token, each USDT is backed by one U.S. dollar without fear of market fluctuations.

But how can we use USDT to make a profit in such this market？
The majority might say no.

Is there any decentralized wallet can do this for users in the case of ensuring the principal?
wanna figure it out

I am not a fan of USDT, but I can tell you that USDT have made me a lot of profit in the trading market and still making money, especially when we are having a bearish market.

Since, the price of USDT is stable and can't change, it is possible to swap a coin to USDT once the market is bad, and then swap back to that same coin once the market wants to look good, trading between USDT and other coins make me up to 10% profit daily.

thekrakennnm

newbie

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Merit: 0

Tether is not about profit, it serves for the development of cryptocurrency. The more stable the cryptocurrency, the more people will use it, the more easily it will be for all of us to live.
In particular, it is very convenient for institutional investors and business in general: fast, anonymous, and at the same time stable transactions. You wouldn't make such transfers with ETH, cause it "jumps". Well, probably you can, but on a global scale, it won't become popular. As I said before, the business still needs stability.

pelumi20

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SmartFi - EARN, LEND & TRADE

USDT is a game changer in the crypto market and any wise trader should learn to use it to their advantage. The value is pegged against the US dollars which makes it stable. So traders use it to hold up the value of their investments during the bear market or dump period, then use the money to buy the bottom and wait for the bull run or pump to make maximum profit. It is a necessity for every wise trader.

capcaypro

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Betking.io - Best Bitcoin Casino

Quote from: stfN2128 on April 11, 2019, 03:38:39 AM

For trading and speculation reasons usdt is a good tool. if you think market will go down, sell for usdt and buy your cryptos on a lower point back.
me personally havent used or owned usdt ever, im not a trader i'm an investor. i believe in bitcoin so i'm in for the longterm.

Yes, bitcoin is good for the long term, while USDT is only for daily trading, because prices will not go up high will not go down.

Topic: How does USDT wallet change our live？ (Read 478 times)