Is USDT a trustable? - page 10. | Bitcointalksearch.org

blockman

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Quote from: Swopon on October 19, 2021, 12:56:04 PM

There are some stablecoin in the market and also performing well though the highest transaction is still done by tron network using USDT.

Because tron is cheaper than Erc20 and BSC. That's why people are turning to USDT in tron network because they're saving a lot of fees.

Quote from: Swopon on October 19, 2021, 12:56:04 PM

Now the point it, simply, you can switch to use another stablecoin which you feel safe and better.

There's dai that makes other safer than USDT despite having a lot of network protocol because it's still centralized unlike the first one that has been mentioned.

blue_hurricanger

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Quote from: ?? on ??

I've been in crypto since 2016 and during that time the usdt lost in its price at the first rumors of trials and then returned to its peg. The other day there was a trial where they finally dropped all charges against Tether a small fine is all they were able to charge in the end. The unpleasant residue in the end did not go away but in the use and implementation of their product is one of the best on the market right now.

New crypto users don't know about the USDT's crash and it's trial. It still shows how much unreliable the USDT was and the reason why many new stablecoin players come to the market. I think in the end, it was really up to users to actually trust which stablecoin and use it. For me, I don't trust USDT at all and have been moved in BUSD.

mumang siat

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Quote from: the ghabbar on October 18, 2021, 05:11:18 AM

I wonder how people like this can make statements about usdt as a scam, even though transactions and their use is increasing nowadays, even if we see the usdt trend in the market is good, this is not based on the obvious assumptions, which refers to the posts made and It's unfortunate that this issue continues to grow, although the level of truth is uncertain, the certainty of knowledge greatly influences actions in making posts.

That is, if knowledge is not based on science, it gives birth to assumptions that have no reference to the problems that are happening in viewing the current development of usdt, most likely what is conveyed in this post is a hoax that we do not believe, even though the condition of usdt is very good and growing in the market, but it is an insider condition to make a post which is not based on in-depth study and we also have no right to take any further action on this matter.

Swopon

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Quote from: hak13 on October 09, 2021, 05:13:02 AM

In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

There are some stablecoin in the market and also performing well though the highest transaction is still done by tron network using USDT. Now the point it, simply, you can switch to use another stablecoin which you feel safe and better.

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Quote from: mumang siat on October 18, 2021, 04:01:32 AM

Quote from: hak13 on October 09, 2021, 05:13:02 AM

In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

Not so true the issue developed, how could USDT be considered fraud, if the number of transactions and their use is so high today, it is necessary to compare fraud with the issue, because USDT is a necessity in conducting current transactions, even though they have to exchange first, There are sources that we can believe that USDT is a scam, you need to change the mindset to submit this kind of post, otherwise you will be considered a person who spreads a lie news, or at least you must include a link, a strong reference to the contents of the post.

Doubts about how reliable is the USDT coin have existed from the very beginning, we must remember that we are in a decentralized market and that USDT is centralized so it is natural that many people do not trust in it blindly, however if that was not enough over the years there have been serious questions about whether or not the coin was always backed one to one with dollars and this is why despite its huge market cap many are still unsure of the credibility of the coin.

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Quote from: hak13 on October 09, 2021, 05:13:02 AM

In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

Best is that never entrust your coins longer than the necessary meaning you will Only put your funds in USDT when there is a need to keep safe for a while but never take it permanently as holding.
Bitcoin and other coins is the best as the value will grow while USDT stays as is forever.

Quote from: ?? on ??

Is it possible that the USDT token is a scam, if the news is true, then why is this token still on the market until now? In my opinion, this could be just a trick from them, who deliberately spread FUD news in the hope that the price will decrease, so that they can buy it at a very cheap price, and they will be able to keep it, and sell it when the USDT price increases.

Remember that scammers sometimes took long time before revealing their main intention .

budlo

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Quote from: ice18 on October 18, 2021, 03:55:20 AM

Quote from: budlo on October 18, 2021, 01:47:21 AM

At the moment i believe that usdt it isn't a scam it's just that the project was the first in its time and therefore collected many problems on its way due to the fact that there was no clear legislation for their work. Yes some claims made in the case but if we look at it the US dollar has not been backed by anything for a very long time (i'm talking about gold) and we live normally.

The problem is if USDT is really backed by fiat? As you can see minting of USDT happens almost every minute with millions of dollars fresh new and ready to circulate in the crypto market. Thether must prove this and show documents to public to avoid doubts. Why until now they have a lot of controversies? Why not settled it first so that no problems will occur in the future? So many questions but still no clear answers from the company.

USDT showed its storages twice and in both cases there was no peg 1 USDT = 1 usd. USDT is backed by a whole basket of assets that are fully pegged to the usd, which is what allows us to speak of a full peg to the dollar. In long-term storage i like more dai but usdt is more convenient to use.

coinzzzpro

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Quote from: ?? on ??

Is it possible that the USDT token is a scam, if the news is true, then why is this token still on the market until now? In my opinion, this could be just a trick from them, who deliberately spread FUD news in the hope that the price will decrease, so that they can buy it at a very cheap price, and they will be able to keep it, and sell it when the USDT price increases.

If you think about it this way, why are hundreds of tokens being traded? Like DOGE, SHIBA and others. They are of no use except for speculation. I'm not saying that USDT is a scam, but you have to protect yourself and use an alternative, such as USDC.

Yamifoud

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Quote from: hak13 on October 09, 2021, 05:13:02 AM

In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

Don't ever going to believe that. Hearing those negatives things is just about to divert your mindset, are these things could prove it? I don't think so. I've been using USDT as my trading pairs and even to keep them longer on the trading site but never have the time that I'd lose it (or so-called scam). No, USDT can no longer be a scam unless if you are using a scam site and take all your deposit there but if you were using reputed exchanges, I'd never see such a thing.

I guess you will have to stop thinking that and be open to seeing the positive side. Maybe you have to try using this and for you know then.

7788bitcoin

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Quote from: ?? on ??

You can change to BUSD or DAI if you want but I don't think USDT is a scam stable coin, it's just this stable coin has many haters they spread FUD news. USDT is the most popular coin in the market and I think every exchanges has USDT. If you are not comfortable using USDT then you can change stable coins like BUSD or DAI these two are trusted.

There are many users who will not listen to the multiple warnings and keeps on supporting the project unless they get busted or the developers run away with the money. All you need to do is to check their collateral and each and everyone can make their own assessment and see whether these are FUD or there is a chance that the developers are lying about the collateral.

carlisle1

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Quote from: lenovop-70 on October 18, 2021, 01:19:52 PM

Yup its trusted, no doubt with that, and everyone in the world put it into USDT when market is crashing, and no worry about that.
Beside that, every market has that pair, wich mean USDT really reliable to market as their income from us that do trade. The big volume in the marketcap also make USDT still trusted, even no guarantee if it really trusted

With those reasons, traders who understand how USDT works will continue to support this coin, from that point of view,

USDT still getting the kind of trust from traders and investors, most of those experienced traders use this asset the same way.

Converting crypto to avoid losing the fiat value.

lenovop-70

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Yup its trusted, no doubt with that, and everyone in the world put it into USDT when market is crashing, and no worry about that.
Beside that, every market has that pair, wich mean USDT really reliable to market as their income from us that do trade. The big volume in the marketcap also make USDT still trusted, even no guarantee if it really trusted

cafee_orange

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In my opinion, USDT has been hit by negative / skewed issues not only this time, even since last year there have also been issues that are not good for USDT. but believe usdt is an Altcoin that can maintain the value of your Assets. if you have a lot of Bitcoin, ethereum or Binance, you can put it in USD and your assets will remain safe. this is the advantage of USDt in my opinion. Don't believe in USDT negative issues.

coinbitrade

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Quote from: ?? on ??

You can change to BUSD or DAI if you want but I don't think USDT is a scam stable coin, it's just this stable coin has many haters they spread FUD news. USDT is the most popular coin in the market and I think every exchanges has USDT. If you are not comfortable using USDT then you can change stable coins like BUSD or DAI these two are trusted.

USDT is as stable as regular USD. The United States prints the USD constantly in large quantities, but as we see it has not fallen in price yet.

the ghabbar

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Quote from: mumang siat on October 18, 2021, 04:01:32 AM

Not so true the issue developed, how could USDT be considered fraud, if the number of transactions and their use is so high today, it is necessary to compare fraud with the issue, because USDT is a necessity in conducting current transactions, even though they have to exchange first, There are sources that we can believe that USDT is a scam, you need to change the mindset to submit this kind of post, otherwise you will be considered a person who spreads a lie news, or at least you must include a link, a strong reference to the contents of the post.

I wonder how people like this can make statements about usdt as a scam, even though transactions and their use is increasing nowadays, even if we see the usdt trend in the market is good, this is not based on the obvious assumptions, which refers to the posts made and It's unfortunate that this issue continues to grow, although the level of truth is uncertain, the certainty of knowledge greatly influences actions in making posts.

vermigerous

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I think USDT is a trusted coin and is commonly stable by its value. Several investors and traders tend to atrach by USDT since it is a stable coin such that investors converts it to USDT in order that they may not lose their coin's value when fluctuation occurs at such time. For me, it is a trusted coin and not a scam.

mumang siat

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Quote from: hak13 on October 09, 2021, 05:13:02 AM

In recent days lots of bad news are hearing from usdt and what will be happen if the usdt is a scam,should i change other stable coin,any recomendation for the stable coin?

Not so true the issue developed, how could USDT be considered fraud, if the number of transactions and their use is so high today, it is necessary to compare fraud with the issue, because USDT is a necessity in conducting current transactions, even though they have to exchange first, There are sources that we can believe that USDT is a scam, you need to change the mindset to submit this kind of post, otherwise you will be considered a person who spreads a lie news, or at least you must include a link, a strong reference to the contents of the post.

ice18

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Quote from: budlo on October 18, 2021, 01:47:21 AM

At the moment i believe that usdt it isn't a scam it's just that the project was the first in its time and therefore collected many problems on its way due to the fact that there was no clear legislation for their work. Yes some claims made in the case but if we look at it the US dollar has not been backed by anything for a very long time (i'm talking about gold) and we live normally.

The problem is if USDT is really backed by fiat? As you can see minting of USDT happens almost every minute with millions of dollars fresh new and ready to circulate in the crypto market. Thether must prove this and show documents to public to avoid doubts. Why until now they have a lot of controversies? Why not settled it first so that no problems will occur in the future? So many questions but still no clear answers from the company.

budlo

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At the moment i believe that usdt it isn't a scam it's just that the project was the first in its time and therefore collected many problems on its way due to the fact that there was no clear legislation for their work. Yes some claims made in the case but if we look at it the US dollar has not been backed by anything for a very long time (i'm talking about gold) and we live normally.

Slow death

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Despite always being involved in controversies like these:

https://cointelegraph.com/news/cftc-slaps-tether-and-bitfinex-with-a-combined-42-5-million-fine

USDT is still the most used on the market, so just keep using it but never hold USDT, don't do that. use only for day trade and don't trust USDT

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