Topic: Is USDT trusted to use? - page 5. (Read 1620 times)
I don't know about you but I don't use USDT to keep funds, I only use it when the need arises not that I hold it for long, therefore since am not holding for long because it doesn't appreciate in value, then I don't bother much. Also, till date I think people have find it better dealing with USDT more than other stablecoins, the daily trading volume alone proves that, therefore with this daily volume amongst other reasons, I think it can be trusted. Lastly many people have their preferences when it comes to stablecoins for me, it is USDT.
I just use USDT when trading coins that doesn't have a trading pair. It is just like a moment when I buy and sell if for the coin I really want. When it goes on trust issues, I think it is safe and trusted since it is a centralized coin and if you want to keep some coins for future trades, it is better to keep it in that form.
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.
USDT volume is high because traders and investors trust it and of course USDT is very safe, 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 cannot prohibit you, but USDT is better than DAI, USDT has also become a pair of all exchanges
for me personally trust a stable coin or USDT only as a means of exchange and not use it for investment. I think everyone will say the same thing that stable coins are better used as needed and not for long-term investments.
I wouldn't trust it myself, many many people trust it and it has over 3 billion dollars in valuation so maybe I am wrong. Think of it this way, there is a stable currency that will not move in value, you are going to own what you own and that's it, nothing more nothing less, so there is no risk involved. You can use it to buy, sell, send, receive any way you want and its pegged to worlds strongest currency. You can trade it because it has as many pairs as bitcoin nowadays. Those are all great parts.
The bad part is, its owned by people, its controlled by people, its just bunch of humans who have the total power over all of it. That doesn't mean they are bad people, I don't know them, I don't even know who they are. But I am just not willing to risk it.
The bad part is, its owned by people, its controlled by people, its just bunch of humans who have the total power over all of it. That doesn't mean they are bad people, I don't know them, I don't even know who they are. But I am just not willing to risk it.
every cryptocurrency there will be price changes because the movement is determined by supply and demand, so that the USDT will also experience price fluctuations, so there is no safe investment in crypto.
USDT is definitely not a safe stablecoin to hold and you shouldn't plan to hold USDT for a longer time like several months.
However, USDT also has a lot of liquidity at the same time. If you a short term trader, I don't think using USDT will be a big problem.
There was no problem with USDT, and this is still the best stable coin in this market, and USDT liquidity has always been at the top. I think investors do not need to choose other stable coins because it only makes you more tired because for me, USDT is okay. Of course, this is just my personal opinion and depends on each person's choice.However, USDT also has a lot of liquidity at the same time. If you a short term trader, I don't think using USDT will be a big problem.
yeah . it makes no sense to choose because all stable coins have same value anyway but only name changed however usdt is the most popular so why not choose other else ?
dunno why the other user said that usdt is risky when the value is not volatile at all but even coins that are volatile like btc for example is still safe compare other because of its age and background . but i think all still depend on the people if they will continue to use cryptos or not .
USDT is definitely not a safe stablecoin to hold and you shouldn't plan to hold USDT for a longer time like several months.
However, USDT also has a lot of liquidity at the same time. If you a short term trader, I don't think using USDT will be a big problem.
There was no problem with USDT, and this is still the best stable coin in this market, and USDT liquidity has always been at the top. I think investors do not need to choose other stable coins because it only makes you more tired because for me, USDT is okay. Of course, this is just my personal opinion and depends on each person's choice. However, USDT also has a lot of liquidity at the same time. If you a short term trader, I don't think using USDT will be a big problem.
Well I don't use USDT just for storing funds not because centralized I prefer to store in my local digital money. USDT is useful for me like when the price of crypto is getting down then i convert it into USDT so that i will not losing more money.
Truthfully we can't trust centralized platforms in the crypto space when it comes to keeping funds but in this case, USDT have been around for a long time now, hence its value and potential took it to the position it is now on coinmarketcap. Therefore in my own opinion, irrespective of the news about it, it is still growing therefore I will continue using it as there have been no issue with it ever since. But when it comes to holding long term I prefer other trustworthy coins like BTC.
USDT is definitely not a safe stablecoin to hold and you shouldn't plan to hold USDT for a longer time like several months.
However, USDT also has a lot of liquidity at the same time. If you a short term trader, I don't think using USDT will be a big problem.
However, USDT also has a lot of liquidity at the same time. If you a short term trader, I don't think using USDT will be a big problem.
USDT has liquidity against what? BTC? That doesn't mean anything because bfinex can print and create as much liquidity as they want.
The real question is, does it have any real liquidity against real hard USD? Don't think so.
USDT is definitely not a safe stablecoin to hold and you shouldn't plan to hold USDT for a longer time like several months.
However, USDT also has a lot of liquidity at the same time. If you a short term trader, I don't think using USDT will be a big problem.
However, USDT also has a lot of liquidity at the same time. If you a short term trader, I don't think using USDT will be a big problem.
Trust is a relative term. My trust to USDT is an inverse dependence on BTC price. When the latter is high I tend to move all funds to BTC and vice versa as such action makes my money less vulnerable to market and the management of my crypto-portfolio more efficient.
That means you trust USDT... After all, you wouldn't sell BTC for USDT...
I use USDT a lot too and have no problems!
Actually, if Tether goes down, the whole cryptocurrency will go down!
Tether has been talked about negatively for years, and it's still stable!
For me it's fully trusted. I didn't see any point not to trust usdt. I am using it for a long time. I know in this market there are lots of stable coin available. But usdt has the most volume. Cause people use it and trust it. There are many rumors among usdt but I never faced a single problem. If you don't trust it then I would say pick other stable coin. Or divide your asset to 3-4 asset.
usdt is the most used stable coin, some rumors however say that there are not enough funds to transform(backed) all the existing usdt in fiat/usd but this does not matter because they are the most used by the exchanges and are used to exit from day trading and then to return and not to transform them in fiat, if we really don't trust there are many other valid alternatives among stable coins
I say it is not safe because it is not real cash and it can turn to zero value at any time. USDT is the most used stable coin and we keep it when we are not trade, to avoid loss. Because if we keep Bitcoin or altcoins they can crash more than 10% after a day. USDT has been run a long time but no one sure, i recommend not to put all of your money in USDT.
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 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.
USDT is indeed not suitable for investment and most people use USDT only to secure their assets from a sharp decline and after the decline has passed they will buy another altcoin using USDT, I am a USDT user too and always use USDT when trading
You are right, I did that a while ago when there was a fall in the price of bitcoin and all altcoin. and when prices began to improve I transferred all the assets that I had on crypto In my own point of view, we can't rely on usdt if we intend to invest on it, such that it cannot give us good profit since it is stable coin. We can just use it, say for exmple if we hodl a coin that is decreasing continuosly its value, we can transfer it to usdt to overcome the lose profit.
USDT is indeed not suitable for investment and most people use USDT only to secure their assets from a sharp decline and after the decline has passed they will buy another altcoin using USDT, I am a USDT user too and always use USDT when tradingperhaps precisely USDT is more suitable to be used as an alternative type of coin for trading needs and is not suitable if it is used as a form of investment that can be profitable for a long time because Usdt is one type of stable coin that is only used by most traders to convert their money to buy several other types of altcoin to trade
USDT is stable currency, it is tasted. But i also think that USDT is a cryptocurrency so it has some risk one the other hand USD is trusted in world economy. So i can’t think USDT is Trusted to USD.
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