Topic: Need not just stimulus but usdt stimulus (Read 497 times)
Why not bitcoin then and just usdt almost same thing as fiat
Most people don't use their stimulus checks to invest in the stock market or crypto. If you really need the stimulus check then the stock market is the last place you are going to be depositing it in. Sure there are those who are already wealthy and they might see it as free money and decide to gamble it on stocks. However most people won't do that. Even if they are wealthy, they will maybe go to Walmart and buy a TV instead.
Hence why this idea doesn't make too much sense. Hence if someone really wants to use stimulus cheque to buy crypto, they can send it to their exchange and buy USDT themselves. Exchanges sometimes do have incentives. For example, Binance gave away TrustToken (TWT) to every trader on Binanance. Currently that token is worth $60 USDT or so.
Hence why this idea doesn't make too much sense. Hence if someone really wants to use stimulus cheque to buy crypto, they can send it to their exchange and buy USDT themselves. Exchanges sometimes do have incentives. For example, Binance gave away TrustToken (TWT) to every trader on Binanance. Currently that token is worth $60 USDT or so.
To help crypto we need usdt stimulus.
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
Crypto exchange is n entity created by two or more individuals with sole aim of. Making profit and not to share wealth. But government on the other hand is created to serve the people with their tax been paid by the citizens and hence it's their responsibility to make sure that are economy is well handled with optimum satisfaction.
Exchanges give most of this airdrops and give away solely to attract more customers, and most of them are still spend within the exchange. You should have asked yourself why aren't they compensating traders who made lost during this pandemic.
It's not their responsibility for your profit and loss, you are making your gains and loss and they are making also from the fees you pay for trading.
Platforms such as 1inch, uniswap, cake, and most recently idex are rewarding traders on their platforms; perhaps this is the kind of stimulus you reference ?
I am not trading in any of these platforms and hence i am not able to understand what you are saying, are you telling that the platforms you mentioned are providing rewards in USDT, usually they will reward with their token that they created and inflate the valuation .OP is talking about getting free money for trading and he wants that in USDT
. I Want free money yes to Invest in real assets.
And sell them to get more money!
Platforms such as 1inch, uniswap, cake, and most recently idex are rewarding traders on their platforms; perhaps this is the kind of stimulus you reference ?
I am not trading in any of these platforms and hence i am not able to understand what you are saying, are you telling that the platforms you mentioned are providing rewards in USDT, usually they will reward with their token that they created and inflate the valuation .OP is talking about getting free money for trading and he wants that in USDT
.
I find it off-putting that OP is asking for free money in the first place. And of course by doing the bare minimum which is, trading. Of course you are obliged to trade if you wanna earn big bucks, not because of free airdrops and stuff like that. I personally would like to be part of an airdrop like that but I want to side to the exchanges as it is bad for their business, and ultimately bad for us.
Initially, the Tether team stated that almost 20 or 40% of USDT is backed by the dollar, and there was never any talk of full backing with the dollar. Of course, USDT is an asset that raises doubts, but nevertheless, it is he who saves traders in difficult situations in the cryptocurrency market.
I am not saying that there shouldn't be something people can't move into, there should be something but it shouldn't be Tether that's all I am saying. For example DAI looks to be promising, I am checking it and trying to find a way to see how it could go wrong, but the premise is the fact that your money doesn't stay with one person, it stays with you and that is the very important part of it, it is not Tether, it is not Binance, it is not any company or organization behind it, fully decentralized stablecurrency and I like that idea and I am still looking to figure out if there is anything wrong with it.The need for some stablecurrency pegged to dollar and even other national currencies are there and I do suggest that it should happen, there is absolutely nothing wrong with that, however fact is that people need to realize these companies are not good at all and they are very risky.
To help crypto we need usdt stimulus.
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
You know fully well that the crypto currency market is a decentralized space; yet you seek stimulus? grants? Who do you want or expect or have in mind should fund this stimulus. How would you be sure who and who not deserves ? It is not going to work.
Platforms such as 1inch, uniswap, cake, and most recently idex are rewarding traders on their platforms; perhaps this is the kind of stimulus you reference ?
just buy doge coin with that money that's it
The Fed has no intention to make crypto more acceptable. Moreover, stimulus checks are launched to help the citizens survive, not to teach them invest in crypto wisely.
In my opinion there will be no exchanges that will provide free USDT to traders because they are active. Don't equalize exchanges with
the government, because the government is obliged to help its people by providing stimulus. Since the people have already paid taxes,
whereas exchanges are companies created to generate profits. Therefore each exchanges has trading fees to get profit from traders,
so it is not possible for the exchanges to provide USDT as a stimulus.
the government, because the government is obliged to help its people by providing stimulus. Since the people have already paid taxes,
whereas exchanges are companies created to generate profits. Therefore each exchanges has trading fees to get profit from traders,
so it is not possible for the exchanges to provide USDT as a stimulus.
Exactly my point. Yes, government provides stimulus in various sector like housing, agriculture, local businesses but for traders? I never heard of that, at least in my countries.
The only possible way is that you need to stand in the election and win and then you start changing the law and include these kind of stimulus. If people like Trump who was not a full time politician can become the president then you can also try and become one and then change all the rules that favors you 
. Is your government providing stimulus for housing for the ultra rich as well. If you really understand the meaning of stimulus then you will understand the difference 
. 
This does not guarantee that the money would go back to the economy. The purpose of the stimulus fund is to actually stimulate the economy and make sure that money is revolving around the domestic economy to help some of the main industry/sectors. Traders would just make money out of money, and it will only go amongst themselves and not help the immediate economy, so why should they be given free money?
Well, the stimulus check that will be given to everyone does not guarantee anything at all either, there are those that desperately need that money and will use it to buy food and pay their bills but for the rest this is free money that they can use in whatever way they want, and while some may decide to spend that money in small luxuries to make their lives slightly more comfortable there are going to be many people that will decide that it is better to invest that money.And what is the best investment around the world right now? Bitcoin of course, so a great deal of that money will come to the market anyway even if that was not the intention of the government.
Bruh, exchange is a company that seek for profit. They don't care about giving out stimulus or airdrop, from business perspective it's just ridiculous.
Government could give out stimulus because it's taxpayer's money which is the money from the people who receives the stimulus themselves and a country aims to better the living standart of their citizens meanhwile an exchange exist just to earn some money.
Government could give out stimulus because it's taxpayer's money which is the money from the people who receives the stimulus themselves and a country aims to better the living standart of their citizens meanhwile an exchange exist just to earn some money.
To help crypto we need usdt stimulus.
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards
Sounds like a cutting edge and futuristic plan in the making.
American markets are banned from purchasing and owning USDT afaik.
It might be possible for foreign nations to do so.
Quote
Seven Countries Where Cryptocurrency Investments Are Not Taxed
Jun 24, 2019
1. Germany
2. Singapore
3. Portugal
4. Malta
5. Malaysia
6. Belarus
7. Switzerland
https://www.forbes.com/sites/rogerhuang/2019/06/24/seven-countries-where-cryptocurrency-investments-are-not-taxed/
Jun 24, 2019
1. Germany
2. Singapore
3. Portugal
4. Malta
5. Malaysia
6. Belarus
7. Switzerland
https://www.forbes.com/sites/rogerhuang/2019/06/24/seven-countries-where-cryptocurrency-investments-are-not-taxed/
The type of policy OP proposed could be best suited to nations granting crypto investments tax exemption.
If the united states wishes to retain its status as the "#1 country in the world" they would be wise to tax exempt crypto investments and remove regulation prohibiting purchasing of stable coins like USDT imo.
and why will they do airdrop for traders. if this was all about stimulus there are only specific people that can recieve the money and do you think that itl help crypto when they gave usdt instead of usd because usdt is still like a usd and not totally related to crypto and theres a probabilty that people will cash out it imediately after recieveing it . government might be giving stimulus in a form of usd but i saw many people use their stimulus money to play crypto gambling , invest in crypto and do other crypto activities .
I don't think it would be a good idea, although this will create more movement on the market in general, but this is like printing more banknotes, which leads to a decrease in their real value, if you distribute more USDT coins for free to traders, this will lead to a large amount of infusion Of the currency in the market and this may lead to instability in its value. We want to maintain the stability of the USDT because it is used in a way similar to the dollar and the instability of its value will make it lose this important advantage.
To help crypto we need usdt stimulus.
I somehow understand your good intention for our crypto community but this time I will say that it was out of place, no offense meant. Majority still don't know even what crypto is so pushing through your suggestion will be a selfish deed. I mean, others can't use crypto and you can still use fiatthen the adjustment should be on yout part. Besides, eerything should be keep simple so that the process would be fast and the $600 will be delivered to the hands of the needy ASAP
. But if you are really eager to have usdt then convert the stimulus after you received. Just hoping you won't regret if things don't go well. 
Does the government support Crytpo asset trading? In my opinion, it is not effective because we know that the average crypto trader has an upward economic status, while the economic stimulus is carried out because the most expected impact is that people with middle and lower economies can still continue economic activities because by rolling back the stimulus money that has been given. in order for the economy to spin. The wheels of the Crypto market economy seem a little different from the economy of people's lives.
1. I'd say that at least a part of the bull run is financed by central bank stimulus. With record low interest rates, investors are flocking to assets that have the capacity to produce high returns with higher volatility.
2. This idea is completely ridiculous.
This would essentially put the fate of BTC in the hands of the credibility of USDT, and by that stage, what difference is there between BTC and the fiat that it had sworn to destroy?
2. This idea is completely ridiculous.
This would essentially put the fate of BTC in the hands of the credibility of USDT, and by that stage, what difference is there between BTC and the fiat that it had sworn to destroy?
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