Topic: Is USDT trusted to use? - page 6. (Read 1600 times)
USDT is just like the fiat system. It's still safe for the purpose of which it is created to hedge funds In times when you want to maintain the stability of your funds.
I am afraid of the upcoming investigation on all stable coins, finally they would like to regulate/ruin them because in every country creating money is against the law and it is a crime.
I don't trust USDT or tether. I temporary convert my bitcoins to USDT as we have only this option avaible in most of exchanges. I will never keep my funds in USDT for long term. There is also a chance that in future the USDT may be banned.
USDT is highly risky to hold for longer time and most of the crypto experts suggest don't keep USDT on exchanges or in wallets more than one week, if you wanted its good to convert them into fiat and then convert back when you wanted to buy decentralized cryptos.Because USDT keeps injecting more money into the crypto market so at some time people may lose their trust on this stable coins.Anyother stable coin also undergoes the same situation so better to hold decentralized cryptos for holding purpose.
I think USDT is not that bad to untrusted it,you can trust this in a short period of time. DAI is good, but USDT is better! But don't hold your money to long in USDT . Safest use case of tokens is to secure digital asset not touchable . Becarefull Crypto is still crypto will be in crypto .
Nothing in this crypto world can be said to be completely secure & trusted. So if you want to hold for a long time basis, it's not safe for you to convert your savings into USDT in any way. But you can use it if you are a short term trader.
No currency is stable in crypto. but usdt stable. If you do not want to stand in face of loss. Then it is a good option. But you will not get also profit.
but the benefits of having a usdt are very long because the price movements are very stable making it difficult to grow assets in usdt, so I think usdt is not the right choice if you want to grow assets quickly.
No currency is stable in crypto. but usdt stable. If you do not want to stand in face of loss. Then it is a good option. But you will not get also profit.
In my opinion it's a big yes. Atleast I trust it. I know there is many rumours and fuds around usdt. But think it's is the most used stable coin. Cause majority of the people trust it. I am using it for s very long time. And I never faced any kind of problem regarding it. And it's almost listed in every trusted exchange so it's easy to grab for me. But if you are not sure about it then you could chose any stable coin you want. There are many stable coin available nin the market.
USDT is in the Top 5 Coinmarketcap, and that's a good thing now, everyone believes in USDT, and USDT is very useful, stable coins have an important role for crypto currencies, maybe this will help Bitcoin to become the world's digital currency
For long term for sure not, but if you follow news and predict some disaster then you can use it for short-term hedge against price drop. I am talking about issues that Tether has - probably not backed tokens, many problems around the world with legal authorities and so on. 
In my opinion it's a big yes. Atleast I trust it. I know there is many rumours and fuds around usdt. But think it's is the most used stable coin. Cause majority of the people trust it. I am using it for s very long time. And I never faced any kind of problem regarding it. And it's almost listed in every trusted exchange so it's easy to grab for me. But if you are not sure about it then you could chose any stable coin you want. There are many stable coin available nin the market.
I use USDT mainly to take profits. Keeping coins in fiat currency is really not entirely wise. They can be used as an aid.
I also only use UDST to take profit because after every investment I usually do this to know exactly how much my profit is. Of course this is a very important coin in the crypto market because any investor will use it when choosing to invest. Also, lots of new options are available to everyone like USDC, BUSD, TUSD but these are just alternatives.Then I advise you guys to start taking profit in USD or EUR and avoid USDt.
Until they become fully transparent and openly say how much they are able to cover in USD and how much is made out of thin air I'm going to avoid them and tell it to everyone that I know. USDt is like a disaster waiting to happen. Until they go transparent we won't know if they aren't manipulating the market.
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 trading
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.
I use USDT mainly to take profits. Keeping coins in fiat currency is really not entirely wise. They can be used as an aid.
I also only use UDST to take profit because after every investment I usually do this to know exactly how much my profit is. Of course this is a very important coin in the crypto market because any investor will use it when choosing to invest. Also, lots of new options are available to everyone like USDC, BUSD, TUSD but these are just alternatives. I am afraid of the upcoming investigation on all stable coins, finally they would like to regulate/ruin them because in every country creating money is against the law and it is a crime.
In a sense the stable coins are not creating money from thin air if you are doing it the right way with transparency and regular audit as they are pledging the dollar or equivalent to maintain the price, the problem happens when these stable coins keeps on producing new coins but the equivalent wealth they pledged are not transparent and there is no clarity and when that happens the authorities will intervene and that is the reason USDT was under scrutiny because they were not transparent. 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.
Dear in my opinion USDT will not stop because during COVID-19 most of the people turned to the crypto due to the lock-down. It will be helpful for ALTCoin to grow slowly gradually. If USDT will be stop then we can easy shift to an other coin/token like you did DAI.
Thank you
I use USDT mainly to take profits. Keeping coins in fiat currency is really not entirely wise. They can be used as an aid.
I am afraid of the upcoming investigation on all stable coins, finally they would like to regulate/ruin them because in every country creating money is against the law and it is a crime.
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.
If stable coins are to be shutdown according to the rumors (which in my opinion is just mere rumors), even DAI is not a safe haven. USDT has been aiding me in my trade over time, when there is need to take profit or stay sidelined from the market. I prefer USDT because its got more trading pairs and high volume comparatively. For me, USDT is safe to use, till a contrary law is passed against its use (which is not forthcoming).
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 if we do not trust USDT, there are many stable alternatives that can be used. With USDT trading in many large exchangers, I think we can trust it and can be used for transactions
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