Topic: Is USDT trusted to use? - page 4. (Read 1620 times)
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
I never hold USDT for the long term, I only buy USDT when Bitcoin goes to bearish trend while trading and wait for bullish, but if you want to hold electronic money, You have to trust someone or other. Reviewing BTC USD Trading Volume, it can be said that it is trusted because a huge amount of trades are made, if you don't trust USDT, there would not be so much volume.
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.
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.
I am more interested in USDT. And I am sure that the USDT will survive well despite many negative issues that develop. The journey of the USDT has been very successful, in a short time the USDT was able to reach the position of three CMC. Even daily trading volume is number one.
In my opinion, the USDT is a means of financial stability that aims to insure its immediate values of a coin or token for a possible future of manipulation or to enter markets where the USDT is most valued and required. We can consider a diversity and not an investment bank because the value cannot exceed 1 Dollar.
in my opinion instead the success of usdt is in the fact that people who trade or other financial transactions need a tool to park the crypto momentarily (pause).
it is very useful for this, moving to FIAT means paying taxes for operations that may not have been completed (in some country)
In my opinion, the USDT is a means of financial stability that aims to insure its immediate values of a coin or token for a possible future of manipulation or to enter markets where the USDT is most valued and required. We can consider a diversity and not an investment bank because the value cannot exceed 1 Dollar.
Tether acts like bank indeed but where is their banking license?
Tether is not a bank and they have no right to print USD because they ain't the FED neither.
It is a major scam no matter how you look at it.
Tether is not a bank and they have no right to print USD because they ain't the FED neither.
It is a major scam no matter how you look at it.
so feds with their money printer are totally legit?
I don't see any threat for users from Tether.
sometimes it doesn't matter what's on paper if your mind tell you where is scam.
Although USDT is being used by a vast number of trading site. It is a not a good option to transfer money from USDT to another USDT wallet. There are tons of horror stories about failed transaction so for me it cannot be trusted.
Is that really true though? as far as I'm concerned it just works like any other token out there. I mean so many people have used USDT for transfer but they're doing just fine. maybe small fraction amount of people are doing somekind of mistake when sending their transaction. 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.
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.
Although USDT is being used by a vast number of trading site. It is a not a good option to transfer money from USDT to another USDT wallet. There are tons of horror stories about failed transaction so for me it cannot be trusted.
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.
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.
the news is indeed true that the company or those who manage usdt can close it at any time.
but that will not just eliminate USDT, until now almost all exchanges have USDT pairs that are more famous than other stable coins and are more widely used.safe or not we don't know.
but that will not just eliminate USDT, until now almost all exchanges have USDT pairs that are more famous than other stable coins and are more widely used.safe or not we don't know.
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.
I don't know how to use USDT except, trade it and using it as safe investment, even though USDT daily trading volume is over the Bitcoin trading volume, but this is stablecoin, you can't get a lot of profits. And recently USDT have bad news about freeze, centralized, etc, this is so bad. For me, i will stay away from this coin 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.
At the end of the day tether will still exists and remain at $1 even if it is a fractional reserve rather than 1:1 . Heck the money in our banks are fractional reserves too but that does not stop everyone from mass panicking and withdrawing.
If it's fully backed and it will always be stable because it's pegged with the commodity that has already used to backed tether with 1:1 ration. Sometimes the flash dump can make it goes even lower than the 1;1 rate caused by the market has no liquidity but it looks like everything is stable right now. 
At the end of the day tether will still exists and remain at $1 even if it is a fractional reserve rather than 1:1 . Heck the money in our banks are fractional reserves too but that does not stop everyone from mass panicking and withdrawing.
If it's fully backed and it will always be stable because it's pegged with the commodity that has already used to backed tether with 1:1 ration. Sometimes the flash dump can make it goes even lower than the 1;1 rate caused by the market has no liquidity but it looks like everything is stable right now. 
To be honest, there is no guarantee of safety in the world of cryptocurrency, but the USDT includes cryptocurrency that has existed from
2015 and now already in the top 3 ranks. Then the trading volume is above Bitcoin, with all the evidence it is actually very safe to use USDT.
But there is no harm in us being more careful, so use stablecoins like USDT only to avoid volatility in the crypto world. Not for long-term
investments or saving large amounts of money in USDT.
2015 and now already in the top 3 ranks. Then the trading volume is above Bitcoin, with all the evidence it is actually very safe to use USDT.
But there is no harm in us being more careful, so use stablecoins like USDT only to avoid volatility in the crypto world. Not for long-term
investments or saving large amounts of money in USDT.
At the end of the day tether will still exists and remain at $1 even if it is a fractional reserve rather than 1:1 . Heck the money in our banks are fractional reserves too but that does not stop everyone from mass panicking and withdrawing.
as long we could withdraw the money fine and have no problem or struggle doing anything most of us won't mass panicking. sure they'll collapse if people are mass withdrawing but well that happens the same too to most of the banks.
At the end of the day tether will still exists and remain at $1 even if it is a fractional reserve rather than 1:1 . Heck the money in our banks are fractional reserves too but that does not stop everyone from mass panicking and withdrawing.
Tether acts like bank indeed but where is their banking license?
Tether is not a bank and they have no right to print USD because they ain't the FED neither.
It is a major scam no matter how you look at it.
At the end of the day tether will still exists and remain at $1 even if it is a fractional reserve rather than 1:1 . Heck the money in our banks are fractional reserves too but that does not stop everyone from mass panicking and withdrawing.
Tether acts like bank indeed but where is their banking license?
Tether is not a bank and they have no right to print USD because they ain't the FED neither.
It is a major scam no matter how you look at it.
I think the USDT daily trading volume will always be the highest in the market,
it is because most peoples usually trading all kind of crypto coins with USDT pair, causing the volume of USDT is highest among the others.
I don't think they can easily shut down USDT coin because many peoples already used it.
it is because most peoples usually trading all kind of crypto coins with USDT pair, causing the volume of USDT is highest among the others.
I don't think they can easily shut down USDT coin because many peoples already used it.
Given that there is a very large number of different stablecoins on the market now, they should redistribute the volume of trading in USDT in their favor. But I do not have 100% confidence in any stablecoin, although I have to use them in trading.
At the end of the day tether will still exists and remain at $1 even if it is a fractional reserve rather than 1:1 . Heck the money in our banks are fractional reserves too but that does not stop everyone from mass panicking and withdrawing.
I think @mt55 is making a fair point. In real practice nothing is can be trusted even if its legitimacy stands momentarily but because there are no or very few options left people still rely on them because that's the best there is. However, one would be wrong to think that there are 100% no drawbacks, hacking nowadays can bring companies to its brinks within matter of seconds. So it is best to remain skeptical and vigilant at all times as things can change very quickly.
At the end of the day tether will still exists and remain at $1 even if it is a fractional reserve rather than 1:1 . Heck the money in our banks are fractional reserves too but that does not stop everyone from mass panicking and withdrawing.
For me usdt just works fine. And I fully trust this coin. Usdt is the most used and most popular stable coin available in this market. Cause people trade this coin most and people trust it. I know there is some fud about usdt. But I never faced any kind of scam or problem regarding usdt. Now it's your choice caus in this market there are a lots of stable coin available. You can go with them too.
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