Topic: Is USDT trusted to use? - page 7. (Read 1600 times)
Truly speaking it doesn't differ from any other centralized currency. Also, many shady 'news' relative to USDT makes it quite unpleasant for me. But it still is popular in China and among many traders to avoid volatility.
Can you recommend me other alternatives for USDT? I just know USDT is the biggest stablecoin in this market and it's the safest. In addition, the liquidity of USDT is also very large so we do not need to worry whether it will collapse or not
BUSD - Binance USD
This is the best alternative I'd take. I know that I'm somehow against exchanges like Binance, but when it comes to volume, security, trading experience, tokens they list, etc. I believe that Binance is very good. The only part I don't like about them are their KYC issues as well as no coinjoining allowed. Else, if you were to trust a coin, Binance USD is the best because this exchange won't go offline any time soon, and so the same applies to their homemade fiat too.
Can you recommend me other alternatives for USDT? I just know USDT is the biggest stablecoin in this market and it's the safest. In addition, the liquidity of USDT is also very large so we do not need to worry whether it will collapse or not
As most stable coins are created and maintained by exchange, there do exist many of them. I can mention Paxos and USD Coin USDC. The list is long.It's not apropriate to consider them alternatives, as their main use is within the exchange who created it.
Here a full list of known stable coins in the market: https://cryptoslate.com/cryptos/stablecoin/
Note that some of them may not be equal to 1$ price like bitCNY = 0,14$ and EGORAS dollar = 0,5$ (actual price)
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
Since I use USDT, I have never had any problems with it. USDT sometimes has FUD and has a slight effect on prices, but that's not a big deal. Things were resolved quickly and prices continued to stabilize. In the future I cannot predict the situation of USDT but it is certainly the safest of all stablecoins in this market.
I think we can be in USDT when we believe that BTC is going to dump against USD. That's it, that's the only use case I see for this USDT stable coin as it just gives us the opportunity to buy at lower value without having to remove our BTC to sell to our local exchange and buy back as there are premium rates compared to what we see in these trading exchanges like Binance and BitMex.
For me it's yes. I am using usdt for a very long time and for me I never received any kind of trouble. Usdt is the most popular and most used stable coin available in the market. Cause people trust it. And they chose it. I know there is many rumors regarding usdt. But I don't care much. If you are not okay with this I would suggest you to shift to other stable coin. Cause in the market there are lots of big alternative available. And you also can splite your asset. Just whatever you do do some research first.
So much talk about the usdt, so I don't think I will give it my full trust,but then it is good for saving the day, especially when there is a missive drop down of crypto value,the usdt will serve a very good purpose of retaining the price value so it's a two way thing for saving the current price value but if bitcoin moves it losses some days.
Eventhough so many people have said if USDT is a bad coin but USDT still becomes the most used stable coin right now. That means the trust to the USDT is more than what already accused by some people who were saying negativity about that. You didn't fully trusted this coin but you are still trusting this coin.
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
for me usdt is my alternative to save temporarily because it is quite stable and directly used as xlm. because the fee is cheap. nothing is completely stable in crypto, anything can happen. so if i get usdt i will definitely wd to xlm then to idr.
You can trust USDT as much as you can trust fiat. Both are centralized. I wouldn't recommend anyone storing their money with USDT or any other stablecoin for a long time, they may vanish anytime. However, shurt term traders need stablecoin to fix the profit, you can use this stablecoin for very short time though.
You are right, USDT should be called a pegged coin and not a Stable coin, also this one is not so good to use, looks like the Tether treasure is minting tokens without have real dollars behind it. A few articles are saying things like that, we can find some posts on twitter too.
I really believe in USDT, in my opinion the right decision to save some of the capital we have in USDT. Even the profit that I make from
trading, I save in USDT too. We can see data on the coinmarketcap website that the USDT is still the largest volume. This indicates that
USDT has many people who believe in USDT. Besides that, USDT is very safe to avoid the volatile crypto market, because USDT is
stablecoins which may not be affected by the market price.
USDT is the safest asset for me in this market and the value never changes over time, so in any investment I sell profits and keep only USDT. In fact, many other stable coins are available in this market but most have very low trading volumes and are not strong enough to compete with USDT. In addition USDT supports a lot of platforms so that you can withdraw money freely without worrying too much. trading, I save in USDT too. We can see data on the coinmarketcap website that the USDT is still the largest volume. This indicates that
USDT has many people who believe in USDT. Besides that, USDT is very safe to avoid the volatile crypto market, because USDT is
stablecoins which may not be affected by the market price.
What is your opinion about the USDT coin?
Why you should want to hold USDT coin. People exchange btc/eth to usdt because of unexpected market up down. That coin is not for hold i guess. And if you don't trust that stable coin then don't buy it. Hold your asset which one you trusted. For me i don't see any bad sign about this stable coin and i don't agree that it'll be shut down easily like you said. Beside USDT there are many stable coin approach in crypto in past couple of years. Besides DAI you can also try one of them if you want to.
I really believe in USDT, in my opinion the right decision to save some of the capital we have in USDT. Even the profit that I make from
trading, I save in USDT too. We can see data on the coinmarketcap website that the USDT is still the largest volume. This indicates that
USDT has many people who believe in USDT. Besides that, USDT is very safe to avoid the volatile crypto market, because USDT is
stablecoins which may not be affected by the market price.
trading, I save in USDT too. We can see data on the coinmarketcap website that the USDT is still the largest volume. This indicates that
USDT has many people who believe in USDT. Besides that, USDT is very safe to avoid the volatile crypto market, because USDT is
stablecoins which may not be affected by the market price.
Tether literally printed out 600 MILLION DOLLARS worth of tether, we are talking about SIX HUNDRED MILLION DOLLARS!
Are you aware how much that money is? They literally sold over 6 billion dollars worth of tether to public so far, I can not believe there are so many people who are willing to buy something that has zero value and make it such a big thing, over 6 billion dollars just given away to these people for no reason at all, they have used it for all their expenses.
What is next? They are going to start charging taxes on what you spend your tether on? They are literally doing what the government has done with fiat for centuries and they are doing it illegally as well. I have done my warning a million times, anyone who gets their money stolen when tether runs away is an idiot who never listened to me.
I'm amazed as well. People trust this company that popped out of nowhere and made some false claims like the one that their coin is going to be backed by USD. When asked they were avoiding to give a clear answer to where their dollars are stored and finally admitted that they are only partially backed! So where's the rest of it? It's fake!Are you aware how much that money is? They literally sold over 6 billion dollars worth of tether to public so far, I can not believe there are so many people who are willing to buy something that has zero value and make it such a big thing, over 6 billion dollars just given away to these people for no reason at all, they have used it for all their expenses.
What is next? They are going to start charging taxes on what you spend your tether on? They are literally doing what the government has done with fiat for centuries and they are doing it illegally as well. I have done my warning a million times, anyone who gets their money stolen when tether runs away is an idiot who never listened to me.
If you did not understand and need me to repeat: at least 20% of tether in circulation is completely fake and cannot be redeemed in USD! If people decide to dump it make sure you're not one of the last people to do it because tether is one of those few tokens that literally can go to 0 and have no value because they will go bankrupt long before all of usdt holders are able to convert to USD.
So much talk about the usdt, so I don't think I will give it my full trust,but then it is good for saving the day, especially when there is a missive drop down of crypto value,the usdt will serve a very good purpose of retaining the price value so it's a two way thing for saving the current price value but if bitcoin moves it losses some days.
very true what you say about this coin, but ask yourself a question.
Are other coins equally dangerous or not?
For example, USDC?
I don't feel like drawing conclusions - better to trust little of everyone
personally, I prefer to differentiate
Are other coins equally dangerous or not?
For example, USDC?
I don't feel like drawing conclusions - better to trust little of everyone
personally, I prefer to differentiate
When you talk about trust in this regard I would say NO, USDT shouldn't be trusted at anytime because there have been stories concerning its existence and should be carefully use. Those who actually used the said coin or still using it are just holding their coins there because of other coins volatility. Though, this is what I usually do whenever there's a market downtrend, I save all my Bitcoins in USDT for the safety of my investment, but am afraid that of their existence till date.
People can Trust USDT but for a short period of time coz it can be controlled like Fiat. The deal should be if you trading and Altcoins are losing covert to USDT when they start to bull you recover your tokens from USDT.
The tactics is called tethering. Before the USDT and other stable pairs came up, crypto trading was either buy low and then sell high. There was no way anyone could "hang" or convert a coin in expectation that it was going to crash for a quick gain. But now all that is possible. This is what I use the USDT coin for.So it's very risky when you use it for a long time, you might lose big time.
It's not that you may lose. It's just that you may not make extra profit if you tether a coin and it begins to pump. That's just it. But what about you don't tether and the coin begins to crash? Is that any better? Well, it's not.
Tether literally printed out 600 MILLION DOLLARS worth of tether, we are talking about SIX HUNDRED MILLION DOLLARS!
Are you aware how much that money is? They literally sold over 6 billion dollars worth of tether to public so far, I can not believe there are so many people who are willing to buy something that has zero value and make it such a big thing, over 6 billion dollars just given away to these people for no reason at all, they have used it for all their expenses.
What is next? They are going to start charging taxes on what you spend your tether on? They are literally doing what the government has done with fiat for centuries and they are doing it illegally as well. I have done my warning a million times, anyone who gets their money stolen when tether runs away is an idiot who never listened to me.
Are you aware how much that money is? They literally sold over 6 billion dollars worth of tether to public so far, I can not believe there are so many people who are willing to buy something that has zero value and make it such a big thing, over 6 billion dollars just given away to these people for no reason at all, they have used it for all their expenses.
What is next? They are going to start charging taxes on what you spend your tether on? They are literally doing what the government has done with fiat for centuries and they are doing it illegally as well. I have done my warning a million times, anyone who gets their money stolen when tether runs away is an idiot who never listened to me.
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