How does USDT wallet change our live？ - page 2.

Artemis3

legendary

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CLEAN non GPL infringing code made in Rust lang

Quote from: ?? on ??

Some of the Top usdt wallets are -

MyEtherwallet: MyEtherWallet (MEW) is a free, open-source tool for creating wallets that work with the Ethereum platform.

OmniWallet: OmniWallet is a web wallet that supports BTC, OMNI, USDT, MAID, SAFEX, AMP, ALT.

Tether Wallet: Tether wallet is a Web-based official wallet used to store USDT.

Which one of these lets you send USDT without having to pay tx fees in either ETH or BTC? Can people still open accounts for the official online Tether wallet?

ivaf

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Quote from: TidaPay on April 10, 2019, 05:09:45 AM

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

If you see such a wallet - know, they are fraudsters.
Do you want to increase the number of USDT? Use the trade: buy bitcoin for 5000 dollars, and sell for 6000 dollars. So much for the profit in USDT!

valek.bruno

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Many people who were able to successfully fix their profits really became much richer now, and those who did not have time to do so now became very poor. These situations are comparable to real life situations in the real world.

stfN2128

member

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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.

Indrawan77

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Quote from: Micerker on April 10, 2019, 06:23:05 AM

Quote from: TidaPay on April 10, 2019, 05:09:45 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

You may not be right to say that we cannot make a profit from USDT. This is possible because in our country there is an exchange platform where you can make transactions to make a profit based on the USDT price difference. You can still earn profits from USDT.

The chances for making profit using usdt is very slim, this currency is very stable and fluctuate really slow, its good to be used as currency but for trading or CFD it's not a good coin, usually people used the usdt features as the pair for trading, not to make any profit

kawetsriyanto

legendary

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duelbits.com

Quote from: Micerker on April 10, 2019, 06:23:05 AM

~sip~
You may not be right to say that we cannot make a profit from USDT. This is possible because in our country there is an exchange platform where you can make transactions to make a profit based on the USDT price difference.

Even if we can make profits from USDT, I am sure the amount should be not really high. Why not choose other coins that have higher potential to make profits. There are a lot of choices such as Ethereum, Ripple, Litecoin, Binance Coin, and etc. Those coins are much better to buy as our investment. They have high volatility and it allows for significant increases.

Wittny

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I don't believe in USDT wallet, for me is another way scammers are using to gain their ground. Scamming now becoming rampant this days and with this USDT wallet, a set of new people will be scammed again

Lagduf

sr. member

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Quote from: herurist on April 10, 2019, 08:55:04 AM

Quote from: alisafidel58 on April 10, 2019, 06:38:55 AM

Quote from: TidaPay on April 10, 2019, 05:09:45 AM

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

It's impossible to profit in the market if you are using USDT. Cryptocurrency market fluctuates a lot while Tether sticks with USD, so its really impossible no matter what you do to profit in the market while there is a run in price.

So USDT will continue to be stable there will be no drastic decline so many people use USDT to hold and trade.

And the title of this thread is a little bit misleading. The USDT is only good to save our profit from the market and that's it the real point of USDT, until we will never try to put it into the promising platform and that will never grow.
It backed by fiat that makes USDT stable.

eagleman

hero member

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You want to deposit USDT and take some interest of it while it's sitting on that dedicated wallet?

Don't look for a wallet like this, you are peg to scammers if you have a mindset like this. Just accept the fact that the main use of USDT is to save the value of your holding for awhile if you are afraid of fluctuations.

mrdeposit

hero member

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With stable crypto, profit will be a little bit hard. Yes, there are small movements, but you need to know the time of those movements and have a very big money. A couple of months ago there was a big price difference, but we can not know when it will be repeated.

vit05

hero member

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You are looking for a wallet where your USDT can earn interest. That does not exist. USDT is not a currency. There is no lending market using USDT, nor banks or financial operators. USDT is only a currency used by exchanges to facilitate transactions.

But there are several other stable coins projects where you can earn interest. One of the main ones is the DAI. Where you can profit from DAI or ETH.

https://makerdao.com/en/

DAi uses what is called collateralized debt positions (CDPs). They are smart contracts that allow you to borrow or receive a loan.

masterrex

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Quote from: TidaPay on April 10, 2019, 05:09:45 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

Honestly i dont get and fully understand what you mean even the Thread title is confusing, But lets put it these way, USDT is a stable coin so dont expect to make a huge profit out of it stable coin is pegged in US dollar so its like you are doing a forex thing like fiat trading, and you mention also a USDT Wallet i think it has already USDT wallet in existince just try to look around im sure you can find it.

herurist

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Quote from: alisafidel58 on April 10, 2019, 06:38:55 AM

Quote from: TidaPay on April 10, 2019, 05:09:45 AM

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

It's impossible to profit in the market if you are using USDT. Cryptocurrency market fluctuates a lot while Tether sticks with USD, so its really impossible no matter what you do to profit in the market while there is a run in price.

So USDT will continue to be stable there will be no drastic decline so many people use USDT to hold and trade.

khufuking

sr. member

Activity: 840

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That is something that can be said for all other stable coins too not only USDT, I do agree that stable coins made trading much easier but at the same time stable coins are one from many reasons responsible for the falling of Bitcoin even if it is not in a direct way, we all remember when people would convert their coins to Bitcoin in bad market so even when other coins was falling Bitcoin may hold its ground but now since stable coins are widely used people started to convert to stable coins which helped the market to fall farther.

Debonaire217

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Activity: 644

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In Code We Trust

Quote from: nicecrypto on April 10, 2019, 05:55:24 AM

I was also under the impression that one can use usdt to preserve the value of earnings since its pegged to the value of usd and as such should be very stable compare to other coin, which means you can sell btc to usdt when the price is high and latter buy back btc with usdt when the price is low since usdt is suppose to be stable and don't fluctuate, but the question now is does usdt actual can be stable even in the worst condition of market?

Definitely yes, as they are created to be a stable coin, people will still consider it as stable even the market seems no good. In addition, developers might also set the exact price of the USDT in order to avoid it to be dumped when the market is critical. That is so, USDT can stay at its position no matter what happens, maybe small fluctuations may do.

levyashin

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$CYBERCASH METAVERSE

Quote from: TidaPay on April 10, 2019, 05:09:45 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

You can't make a profit with usdt expect some uncanny times (like when it was 0.80-0.90$ each)

However if you turn crypto to usdt right time you can grow your portfolio. Like if you turn btc to usdt when it was 20k and buy back when 4k it means you have still 20k worth of money but instead of 1 btc you have 5 now.

Thomas-s

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Proof-of-Stake Blockchain Network

Stable coins are a tool for hedging risks and not for making a profit. So people fix their profits in stable coins

muslol67

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I don't use it as much as possible even for trading

Why should I use its wallet

It makes more sense to use TrueUSD instead of Tether. The reserve can be traced for TUSD.

omone1

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I only use USDT when market is falling, I quickly convert about 70% of my coin holdings to USDT in other for my portfolio not to over depreciate in an unfavorable condition. I do trade BTC against the USDT too. I am not aware of any program that pays dividend in USDT except some very few rare bounties that pay in USDT instead of their native tokens.

aylabadia05

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The concept of a stablecoin, or a cryptocurrency which has its value pegged to a fiat currency, is mostly thought to be beneficial to traders. Tethers (USDT) are often seen as a safe haven for traders who want to avoid periods of market volatility.

Topic: How does USDT wallet change our live？ - page 2. (Read 499 times)