Is USDT Tether safe? - page 7. | Bitcointalksearch.org

lizarder

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Quote from: daoquanghuan on June 26, 2018, 08:00:44 AM

Today, the tether continues to print 250 million tether, raising the tether's market capitalization to more than $ 2.7 billion to reach the top 10 coinmarketcap. People say that every time a tether is printed, the bitcoin price increases because the tether pumped USDT onto the floor to push the bitcoin price. What do you think about this and keep the USDT safe?

Due to the high demand, tether continues to be printed in large quantities for now, they are pursuing maximum numbers in recent years and it is possible that tether has good potential in the future, so tether continues to increase well until it reaches the top 10 coin market.

Many people analyze that tether pumping bitcoin is at the maximum amount and affects the increase in bitcoin price, but what is the extent of tether's chances of reaching the target market of the top 10 coins. If both are not able to provide benefits simultaneously, it is certain that everything that has been agreed upon will not work.

USDt itself has an influence if the market is stable and not manipulated by other coins, meaning that if a lot of manipulation makes USDt unstable, to keep USDt safe it is necessary to stabilize the market, so that it does not have a big effect on USDt stability. If bad play continues on the market, it will not only be USDt that is in trouble, but all coins will be affected by this action.

wajik-tempe

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From it's marketcap i think USDT is the most used if people want to hold fiat, so i will assume this coin is the safest fiat based on cryptocurrency. If i'm not wrong USDT is also the first fiat based crypto on the market, so i think it's safe and it's okay to hold some when the market crash

kokrokok

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Koinomo

as long as Tether USDT is made and until now it is still fairly safe but there is no guarantee that in the future it will remain as it is now, in the crypto world there are risks so it would be better if your money is not forever in crypto

mich

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Heres a Bullish article saying why its good to invest in USDT.

https://www.analyticsinsight.net/forget-bitcoin-invest-in-tether-right-now-heres-why/

shadow123

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Yes mate Tether is safe than other coins .USDT value change around 0.01 probably. There is no more dump or up. Actually it is form of like USD. If market get down You can safe your crypto by converting to USDT.

mich

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USDT will now launch on its 9th blockchain Avalanche.

https://www.avalabs.org/

https://beincrypto.com/tether-launch-high-speed-avalanche-blockchain/

ijeb

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As you probably remember, USDT was accused not long for issuing assets worth $35.2 billion while liabilities in digital stablecoin issuance was $35 billion and recently they got audited by an independent auditor Moore Cayman that stated:

Tether is backed by “cash and cash equivalents” of more than 100% of its liabilities.

So for now I think it can be safe and trusted but in the the end it is still a centralized coin.

rahmathidayat93

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Quote from: Mr.Scott on May 10, 2021, 10:28:14 AM

USDT is popular stable coin in crypto space. True thing is, USDT is safe alternative. Luckily, we have so many option, but USDT/BUSD is safe to hold money as a stable coin. We may oppose centralize things but true picture is decentralized product first choice. I also curious about that thing.

That's right, and as long as the use of USDT / BUSD is still in the safe category, it will be difficult for everyone to switch to another, especially the use of the two tokens is also very helpful in saving asset value when the market is corrected.

prosperoustop

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Quote from: daenarys_stormborn on May 04, 2021, 12:35:34 PM

of course USDT tether is safe, USDT tether is the first stable coin in crypto, it is like bitcoin, and USDT has also been integrated with many altcoins and a variety of large exchanges to small exchanges. I myself have never experienced problems with USDT tether

USDT it is not like bitcoin, because it was created to fix all prices, it is stable coin. BTC it is not stable coin from 3000$ to 50000$ for 2 year it is anti stable

imran101

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I think it's much safer. In the current situation of the market, the safest transaction is to keep USDT. The way the market goes up and down again, if you want to make a good profit from here, you must make a lot of money in USDT. And I think it's much safer.

Mr.Scott

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Quote from: oscarftw on May 06, 2021, 02:10:26 PM

Quote from: daenarys_stormborn on May 04, 2021, 12:35:34 PM

of course USDT tether is safe, USDT tether is the first stable coin in crypto, it is like bitcoin, and USDT has also been integrated with many altcoins and a variety of large exchanges to small exchanges. I myself have never experienced problems with USDT tether

Topics aren't about recent times but the future. Some people can't trust Tether for it's centralization. Even Binance USD has the same problem. DAI is more reliable than others. But I don't want to lie, but I'm using Tether on Tron blockchain to send USDT, but freezing your money could be risky. After everything, we love centralized exchange instead of decentralized exchange.

USDT is popular stable coin in crypto space. True thing is, USDT is safe alternative. Luckily, we have so many option, but USDT/BUSD is safe to hold money as a stable coin. We may oppose centralize things but true picture is decentralized product first choice. I also curious about that thing.

shogun47

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Quote from: Golftech on May 05, 2021, 12:09:52 PM

Quote from: daenarys_stormborn on May 04, 2021, 12:35:34 PM

of course USDT tether is safe, USDT tether is the first stable coin in crypto, it is like bitcoin, and USDT has also been integrated with many altcoins and a variety of large exchanges to small exchanges. I myself have never experienced problems with USDT tether

With usages inside crypto exchange USDT is indeed safe, those experienced traders use this coin as good

alternative when market is unfavorable to traders and investors, instead of keeping your assets while the market

is falling, you can use USDT to divert your asset,.

This coin gives you enough time to analyze, you won't be worrying that the value of your entire assets will fall
while keeping it using USDT.

Yes but the centralization issue remains a dangerous reality. Also they can print as many USDT as they want. The probably won't but they could. As USDT is fully collateralized with 1 USD per coin what is going to happen if governments attack banks that actually hold the collateral? Do we even know that the collateral is there? I don't know if Tether publishes reports frequently, but there is a variety of ways in which they could screw their users.

oscarftw

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Quote from: daenarys_stormborn on May 04, 2021, 12:35:34 PM

of course USDT tether is safe, USDT tether is the first stable coin in crypto, it is like bitcoin, and USDT has also been integrated with many altcoins and a variety of large exchanges to small exchanges. I myself have never experienced problems with USDT tether

Topics aren't about recent times but the future. Some people can't trust Tether for it's centralization. Even Binance USD has the same problem. DAI is more reliable than others. But I don't want to lie, but I'm using Tether on Tron blockchain to send USDT, but freezing your money could be risky. After everything, we love centralized exchange instead of decentralized exchange.

BintangBuleun

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Quote from: daoquanghuan on June 26, 2018, 08:00:44 AM

Today, the tether continues to print 250 million tether, raising the tether's market capitalization to more than $ 2.7 billion to reach the top 10 coinmarketcap. People say that every time a tether is printed, the bitcoin price increases because the tether pumped USDT onto the floor to push the bitcoin price. What do you think about this and keep the USDT safe?

For now, USDT is not in any lawsuit from the SEC even though their supply count continues to grow. But myself believe in USDT and it is safe for us to keep it as a currency that is equivalent to the USD standard.

Galley

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Almost all trading on cryptocurrency exchanges is tied to USDT as an analog of the American dollar. The prices of the main cryptocurrencies are tied to it and it really is a guarantee of the stability of your deposit in the event of a market crash.

Golftech

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Quote from: daenarys_stormborn on May 04, 2021, 12:35:34 PM

of course USDT tether is safe, USDT tether is the first stable coin in crypto, it is like bitcoin, and USDT has also been integrated with many altcoins and a variety of large exchanges to small exchanges. I myself have never experienced problems with USDT tether

With usages inside crypto exchange USDT is indeed safe, those experienced traders use this coin as good

alternative when market is unfavorable to traders and investors, instead of keeping your assets while the market

is falling, you can use USDT to divert your asset,.

This coin gives you enough time to analyze, you won't be worrying that the value of your entire assets will fall
while keeping it using USDT.

shogun47

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Quote from: ?? on ??

Quote from: shogun47 on May 03, 2021, 04:23:26 AM

Quote from: 1l1l11ll1l on May 01, 2021, 10:00:05 AM

Quote from: shogun47 on May 01, 2021, 09:54:19 AM

Tether has its history as far as I know in terms of being shut down or being put on ice by authorities. Not sure, was a couple of years ago where nobody could access or move anything for two or so weeks. That's terrifying if you parked a substantial amount in Tether. It is a centralized stable coin solution. Whatever is centralized brings about the risks that come with centralization.

Yeah, you know things are bad enough that you can't verify if what they distribute is actually backed by a 1:1 ratio. So far tether has been quite capable of answering some of the challenges posed for them, but still, for a centralized stable coin it is not convincing enough, at least for me.

I 100% concur with what you said. First you can't verify if everything is backed up 1:1, secondly all the funds that are used to back up USDT 1:1 must be stored on bank accounts and any of these bank accounts could be shut down or get frozen literally anytime.

I am sure back when the first shut down of Tether happened for two weeks or so I think it was, a lot of traders and investors were sitting in front of their screens with shaking hands typing on their keyboard to search for the most recent news. Tether is efficient because it's centralized. You don't have any hassles with a stuck transaction and so on. But once shit hits the fan, that's when it becomes interesting!

it is still a question but so far USDT is still the most widely used and looks safe, the problem of 1: 1 backup with the original usd is no one knows in detail.
but if that's not true then people would have left usdt and looking for another stable coin.

Usdt is still the most used because as long as it doesn't get attacked nobody will notice how dangerous it is to shift you money into USDT.

suryogandul

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very safe for now, because what we know is USDT can be a counterweight to crypto. currently USDT is widely used as an exchange option on all exchanges. so besides that USDT is also a safe storage because it does not experience high fluctuations

daenarys_stormborn

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of course USDT tether is safe, USDT tether is the first stable coin in crypto, it is like bitcoin, and USDT has also been integrated with many altcoins and a variety of large exchanges to small exchanges. I myself have never experienced problems with USDT tether

iphone5s

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Quote from: Samurai trieng on May 04, 2021, 07:53:45 AM

I think that currently it is very safe to transact with USDT, because this altcoin can be relied on in the crypto world, in addition to its stable price, this altcoin is also ranked in the top 5 in CMC, of course this provides very positive things for the development of USDT in the future. Come,

It makes sense with all your words, but do you have any other references or information from other websites to make sure USDT is safe to invest in. Maybe you have news that makes people believe more. Or this can be some other information : https://blog.coinbase.com/tether-usdt-is-now-available-on-coinbase-214f075deaa2

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