Is USDT Tether safe? - page 17. | Bitcointalksearch.org

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legendary

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Quote from: Impaler on September 23, 2019, 05:39:54 PM

I think at this moment usdt is safe. I used usdt for a long time and I never faced a problem with a problem with it. But at a time usdt has a problem. There is a news about usdt that usdt doing something wrong. There is news about usdt that they are printing unusual. And that point many people don't like ustf. And at this time many stable coin comes up. But I think still usdt is fine for use.

It is safe and it has many pluses. The main one is almost no volatility. USTD is close 1 dollar all the time. Secondly, transactions are very fast, and sometimes, they are completely free. Of course, Tether is mostly for using it not for investing money. This is a great tool to deal with the digital form of fiat, getting fast-speed and very safe operations. Thus, I would add Tether into the wallet.

3x2

legendary

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USDT was created just to be equivalent to USD. people love it and when the market is down the streets in blood they love to convert all assets to USDT as it guarantees the usd price at the timestamp we bought it.

there are few issues of institutions making more and more USDT which can be a dangerous sign in long term.

You can read Article by Forbes that USDT no longer guarantees 1:1 USDT to USD peg. https://www.forbes.com/sites/francescoppola/2019/03/14/tethers-u-s-dollar-peg-is-no-longer-credible/

Impaler

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Yes I think So. I am a long time user of usdt. And I never faced any kind of problem. There was a fomo about usdt about it backed up asset. But its going fine. And still it ihas the most volume among all stable coins. And if you think it is not safe then you can go for other stable coins. There are so many available.

tonyvo2017

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USDT is really important in the CMC market. Every time the whales print USDT, it means that the market is about to be pumped up and USDT is an integral part of the market.
But I'm quite concerned about printing so much money, where does it rely on to print money automatically?
I am afraid that the amount of money printed too much will affect the market in the coming years.

asradoni

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I use USDT as an islet of earnings on the depreciation rate, it is more stable and hard times can be spent on it. At the expense of security, I would not keep it as the main asset.

esofelap

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Quote from: MMA Rats on September 24, 2019, 01:25:51 PM

Many people write that USDT is not stable, I personally have been using this coin for a long time and I am fully satisfied with it, it has proved its safety over time

First of all, USDT is a token and not a coin, and secondly, why exactly do you use USDT and for how long?

MMA Rats

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Many people write that USDT is not stable, I personally have been using this coin for a long time and I am fully satisfied with it, it has proved its safety over time

esofelap

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Quote from: Vishnu.Reang on September 23, 2019, 12:27:04 PM

Quote from: esofelap on September 23, 2019, 12:19:54 PM

Quote from: benycoin on September 23, 2019, 08:48:32 AM

Nowadays i am very confused about that usdt, it become terrible about more than blockchain, i stopped to use it.

If you want to buy btc, you can do it with usd or tether, but I don’t understand for what reason people buying usdt and hold it.

Holding USDT is having the same risk as holding your cryptocurrency in an exchange wallet. In case of the second option, your coins are being held by the exchanges and they can get hacked, or the owners may vanish with your coins at anytime. On the other hand, if you hold USDT then you are holding the tokens by yourself. But these tokens can become worthless, as their real value is being held by the individuals who store the backup for Tether tokens.

Keeping your funds on exchanges is not the right idea, it’s better to use purses specially made for each cryptocurrency.

Impaler

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I think at this moment usdt is safe. I used usdt for a long time and I never faced a problem with a problem with it. But at a time usdt has a problem. There is a news about usdt that usdt doing something wrong. There is news about usdt that they are printing unusual. And that point many people don't like ustf. And at this time many stable coin comes up. But I think still usdt is fine for use.

martina14

full member

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This USDT is safe but most whales in the cryptocurrency says that USDT is a resting place and you dont need to stay there long.
Which means if you want to get off yout ETH and BTC you will just go to USDT which is safe and not moving.
But the rest your belonging there too long.

Vishnu.Reang

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Quote from: esofelap on September 23, 2019, 12:19:54 PM

Quote from: benycoin on September 23, 2019, 08:48:32 AM

Nowadays i am very confused about that usdt, it become terrible about more than blockchain, i stopped to use it.

If you want to buy btc, you can do it with usd or tether, but I don’t understand for what reason people buying usdt and hold it.

Holding USDT is having the same risk as holding your cryptocurrency in an exchange wallet. In case of the second option, your coins are being held by the exchanges and they can get hacked, or the owners may vanish with your coins at anytime. On the other hand, if you hold USDT then you are holding the tokens by yourself. But these tokens can become worthless, as their real value is being held by the individuals who store the backup for Tether tokens.

esofelap

jr. member

Activity: 182

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Quote from: benycoin on September 23, 2019, 08:48:32 AM

Nowadays i am very confused about that usdt, it become terrible about more than blockchain, i stopped to use it.

If you want to buy btc, you can do it with usd or tether, but I don’t understand for what reason people buying usdt and hold it.

benycoin

newbie

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Nowadays i am very confused about that usdt, it become terrible about more than blockchain, i stopped to use it.

Burogh

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Quote from: Impaler on September 22, 2019, 05:42:00 PM

I think so. I am a old user of usdt and for me its working fine. I am using usdt from late 2017 and in never face any issues. But at a pint there were some news about thether that they are not backed up properly. So people are bit of scared and many of them started to out form the usdt and shifted to coin like tusd and Gemini. But still usdt is the oist used stable coin in the market and just working fin as you see. So I think its safe. You can easily go with usdt there is no pwile

Many people are afraid that if it is not backed up but if it is not backed up then the big exchanger will not trade it. Large exchangers will definitely verify this and in my opinion tether is still safe to use

Annisa_crypto

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Yes, USDT is still widely used by many people. We can buy tether with btc.

Impaler

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I think so. I am a old user of usdt and for me its working fine. I am using usdt from late 2017 and in never face any issues. But at a pint there were some news about thether that they are not backed up properly. So people are bit of scared and many of them started to out form the usdt and shifted to coin like tusd and Gemini. But still usdt is the oist used stable coin in the market and just working fin as you see. So I think its safe. You can easily go with usdt there is no pwile

LUCKMCFLY

legendary

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According to what I have read about Tether, they want to support him with the Yuan, and they are also seeking their support with the Euro and major currencies worldwide, I think the idea of all this is that they want to take care of their backs in case one of These currencies suffer some important fall, in the end I think it is an important and intelligent movement by them.

thisnewcoin

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Of course, it is safe. Billions of dollar trading with USDT pair every day. In all stable coins, USDT still the first choice for most of the traders. Though sometimes their behavior seemed fishy but still USDT is safe.

tippytoes

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Quote from: esofelap on September 22, 2019, 03:47:18 PM

In my opinion, Tether is safe at huge jumps in bitcoin, it is convenient for trading, but it remains to be an ordinary cryptocurrency, that is, it is not safe.

I believe, we still have hesitations towards USDT because it is owned by one group that their existence is dependent on them. Whatever problem they might encounter within their team, might affect the continuous presence of it in the market. Though it is a stable coin, is it really backed by the same number of US$s?

Quote from: Mrpumperitis on September 07, 2019, 02:59:37 PM

Quote from: Mrpumperitis on September 06, 2019, 11:29:10 AM

https://beincrypto.com/tether-co-founder-it-doesnt-really-matter-if-usdt-backed-by-equal-amount-of-dollars/

The whole crux of the Tether controversy rests on the fact that the leading stablecoin likely is not backed by what it claims to have in reserves. With the Tether Treasury minting more USDT on a semi-consistent basis, it may feel like a lot of USDT is just some hot air based on ‘trust.’ However, in a shocking admission by the co-founder of Tether, that may just be all there is to it.

As Lisa Abramowicz of Bloomberg Radio reports, William Quigley, both the CEO of WAX and the Co-founder of Tether, believes that having the exact amount of USD reserves to back USDT is not that important. In fact, what is important is that investors believe it is worth $1.

Made it a bit larger for those that cant read clearly.

This is the reason why I am doubting that they don't have the amount of USD to back this stable coin. But what they marketed before was that USDT is backed by fiat USD. They are still deceiving the crypto community. It might be the reason of their fall later on.

esofelap

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In my opinion, Tether is safe at huge jumps in bitcoin, it is convenient for trading, but it remains to be an ordinary cryptocurrency, that is, it is not safe.

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