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Topic: Is USDT trusted to use? - page 3. (Read 1642 times)

sr. member
Activity: 1666
Merit: 268
July 29, 2020, 06:59:58 PM
Yeah, I like USDT very much, because it's not affected by volatile cryptocurrency prices. So it's very safe to store our assets,
after all USDT has the highest trading volume even above Bitcoin. So in my opinion with such a large USDT demand, no need
to be afraid of using USDT. Because I believe USDT is trusted to use.

sr. member
Activity: 1498
Merit: 251
KUWA.ai
July 29, 2020, 06:55:32 PM
I have no problem holding USDT on my trust wallet, all I avoid is buying the stable coins from unknown or less trusty source, I buy mine from binance meaning it's clean, stable coins like USDT is not something you can buy from just anybody, it can get freezed easily
Yeah, I don't know if I should glad or feel sad that USDT stabecoin today become almost like normal cash where if you take dirty cash, you could land yourself in the trouble.
Don't be upset for that. In this crypto world, there are a lot of coin for rising and falling. In personally I glad to see USDT as a stable coin.
Me too. There was a bunch of exchange sites that can be used to bought USDT. Some companies have already offered instant withdraw from USDT to the our bank. IDK why people keep say negatively when the ability that owned by USDT can be used to prevent the scammers to withdraw the stolen money.
jr. member
Activity: 448
Merit: 4
July 29, 2020, 06:41:22 PM
Yes of course USDT is stable coin that's why it is safe to use if you don't want to risk huge amount.
newbie
Activity: 1
Merit: 0
July 28, 2020, 07:40:44 PM
Let me be sure about this guy's it's about the utilities it have. Just like vechain, a1coin etc it's never going down. So go with cryptocurrency which have some good utilities.
jr. member
Activity: 78
Merit: 1
July 28, 2020, 06:09:44 PM
USDT so far is the safest cryptocurrency coin, having same value of USD without depreciating in price over time is enough reason to hold USDT without any fear.
sr. member
Activity: 1218
Merit: 254
Trphy.io
July 20, 2020, 12:01:17 AM
Same as me, I don't have any problem of storing my capital in USDT when the market is too volatile so far! There is rumors and doubts around Tether but honestly I don't give too much care about. We all know that people are whispering words about things that they don't believe in. I don't know, it may be personal opinion and personal opinion varies!
Yeah right, so far there are still many USDT users and it is likely continue to grow, when the Crypto market situation is volatile, then saving your assets to USDT might be the right choice, but that if you don't trade, if you trade then a fluctuating market situation is the right situation to get a profit.
sr. member
Activity: 499
Merit: 250
Chainjoes.com
July 19, 2020, 11:19:11 PM
For me in the cryptocurrency space, no money is 100% safe, so is USDT. Although since the USDT was created it has a lot of bad news but it is the most widely used stable currency, and for me USDT is just a currency to avoid volatility not to invest so I do not keep USDT long time.
The USDT don't have the US government consent before creation because they are the rightful owners of the said digital coin, this coin pose much danger to holders in the future because their funds can be frozen without their consent. Holding this digital coin should be with care as the coin can be stop. Remember, the US government digital currency will be USD pair and for USDT to make it will be under probability.
I have not seen anyone freeze their account when using USDT from this market. I think only the United States does this and this is why I don't like this country participating in the crypto market. Any news related to USDT will be available in this country so I usually never read this information even if USDT has FUD. Overall, USDT is too safe for me because the value of this coin is always at $1 and never changes.
hero member
Activity: 812
Merit: 503
July 19, 2020, 08:49:24 PM
To "use" tether, you do not need to trust it. So, you may make use of it for your trading like for locking profits from cryptos and to buy back cryptos. But, never ever plan up to use tethers for long term holding. Because, tether is issued by some company and they may face legal problems at any times. Still, as of now it is proven that tether is safe to use.

I am using usdt while I am selling my bitcoins in P2P platform. The maximum holding period of usdt is 1 hour to 3 hours so I guess I am making use of tether in safer mode.

I believe the legal issues is the more reason why OP asked if it's trusted to use. However, I've been trading USDT pairs and it helps a lot especially on weekends. Sometimes I just keep part of my portfolio in USDT just to take advantage of market dips. Personally I have up to 70% trust that nothing negative will happen to USDT in the long run with regards legal issues.
full member
Activity: 504
Merit: 100
Option Blitz
July 19, 2020, 08:36:24 PM
until now i have no issue by keeping my money on usdt when crypto market in red colour
maybe its risky, because as i know usdt is a centralized crypto
Same as me, I don't have any problem of storing my capital in USDT when the market is too volatile so far! There is rumors and doubts around Tether but honestly I don't give too much care about. We all know that people are whispering words about things that they don't believe in. I don't know, it may be personal opinion and personal opinion varies!
full member
Activity: 1190
Merit: 100
July 19, 2020, 08:31:45 PM
Currently, USDT daily trading volume is over the Bitcoin trading volume and fourth highest market cap according to Coinmarketcap. My opinion is We can't trust the centralized stable coin to keep the money. Also, news around the USDT is not good, and it may be shut down by the authorities.

What is your opinion about the USDT coin?

I use the DAI to keep the stable value & will shift to the SAI in the near future where the money I'm not investing.

until now i have no issue by keeping my money on usdt when crypto market in red colour
maybe its risky, because as i know usdt is a centralized crypto

Even though USDT is a stable coin which is centered. But until now I also have no problems and there is also nothing that I fear when holding USDT when the market falls. In fact, I have never used DAI as a stable coin. Because USDT is the best choice for me.
sr. member
Activity: 1036
Merit: 252
Dolphins Finance TRUSTED FINANCE
July 19, 2020, 05:17:45 PM
Currently, USDT daily trading volume is over the Bitcoin trading volume and fourth highest market cap according to Coinmarketcap. My opinion is We can't trust the centralized stable coin to keep the money. Also, news around the USDT is not good, and it may be shut down by the authorities.

What is your opinion about the USDT coin?

I use the DAI to keep the stable value & will shift to the SAI in the near future where the money I'm not investing.

until now i have no issue by keeping my money on usdt when crypto market in red colour
maybe its risky, because as i know usdt is a centralized crypto
sr. member
Activity: 1750
Merit: 267
July 19, 2020, 05:15:39 PM
I have no problem holding USDT on my trust wallet, all I avoid is buying the stable coins from unknown or less trusty source, I buy mine from binance meaning it's clean, stable coins like USDT is not something you can buy from just anybody, it can get freezed easily
Yeah, I don't know if I should glad or feel sad that USDT stabecoin today become almost like normal cash where if you take dirty cash, you could land yourself in the trouble.
Don't be upset for that. In this crypto world, there are a lot of coin for rising and falling. In personally I glad to see USDT as a stable coin.
sr. member
Activity: 616
Merit: 250
July 18, 2020, 03:21:25 PM
Thank you for this amazing information. I have heard some people had such issue and it has made me more wise. Buying from reliable sources it's actually the best. Buying from exchanges I think it's better and converting to fiat if one wishes on some exchanges. It's usdt and should be handled careful.
member
Activity: 1260
Merit: 21
July 18, 2020, 03:20:10 PM
I have been reading from different source that usdt is a bit shady and not very transparent especially since the the team keeps minting new coins in circulation and they claim the supply is as equal to usd which would be insane, I think with this questionable behavior of usdt team, user should be careful with this stable coin.
member
Activity: 124
Merit: 10
July 18, 2020, 02:36:19 PM
I have no problem holding USDT on my trust wallet, all I avoid is buying the stable coins from unknown or less trusty source, I buy mine from binance meaning it's clean, stable coins like USDT is not something you can buy from just anybody, it can get freezed easily
Yeah, I don't know if I should glad or feel sad that USDT stabecoin today become almost like normal cash where if you take dirty cash, you could land yourself in the trouble.
full member
Activity: 2240
Merit: 187
Hire Bitcointalk Camp. Manager @ r7promotions.com
July 18, 2020, 02:31:47 PM
For me in the cryptocurrency space, no money is 100% safe, so is USDT. Although since the USDT was created it has a lot of bad news but it is the most widely used stable currency, and for me USDT is just a currency to avoid volatility not to invest so I do not keep USDT long time.
The USDT don't have the US government consent before creation because they are the rightful owners of the said digital coin, this coin pose much danger to holders in the future because their funds can be frozen without their consent. Holding this digital coin should be with care as the coin can be stop. Remember, the US government digital currency will be USD pair and for USDT to make it will be under probability.
member
Activity: 721
Merit: 19
Trident Protocol | Simple «buy-hold-earn» system!
July 18, 2020, 02:22:42 PM
What is your opinion about the USDT coin?

Actually I also suspect the USDT volume is too large. Where they get that much money. Their supply continues to grow. Supplay moves slowly. I think USDT is chasing Ethereum. Ethereum has a time for low values so that the total marketcap will decrease, while the USDT marketcap continues to increase.
sr. member
Activity: 1750
Merit: 267
July 18, 2020, 02:10:34 PM
I have no issue with USDT.I am using it for a long time. I trade USDT and it is very benefited. As USDT is a stable coin, it has more advantages. It is trusted and safe to to use. For holding coin, USDT can be perfect choice because of being stable. There is no risk to big loses.
member
Activity: 166
Merit: 10
July 18, 2020, 01:47:25 PM
Stable coins are so useful

1. For trading
2. For taking advantage of red market
3. For storing $$$ at 1$ pegged price

About been centralized or not, that's your choice to make, I believe you shouldn't be in worries unless you are into illegal stuffs which can get your USDT address frozen
member
Activity: 166
Merit: 12
July 18, 2020, 01:01:17 PM
People don't need to completely trust USDT/stablecoin when using it. Because USDT/stablecoin is the only way to keep your asset's value when market on a down trend.
USDT can be used to trade and I think that's what they are very good for, trading, I store few USDT so I can buy top coins when or if bears market comes unexpectedly, USDT and other stable coins like USDC are very very good for those who know their worth
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