reasons why someone wants to pay in tether and not bitcoin?

Stable090

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Quote from: sima_sara on February 11, 2023, 07:12:27 AM

What could be the reason for someone wanting to pay in Tether and not bitcoin?

my understanding is that using bitcoin, you will not have to worry about your crypto being frozen.

Could there be any reason for tether being advantageous in such transaction?

Most of them believe if they purchase bitcoin and they want to pay you, the bitcoin price might have drop before they end you the bitcoin, but if they purchase tether, the price will remain the same before they will pay you, they don’t have to be bothered about bitcoin price movement whenever they purchase bitcoin and they want to make payment. I don’t think tether will be frozen if you don’t involve yourself in any illegal activity, before your tether will be frozen, your wallet must have been under watch first.

Lainta

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Quote from: errorcode99 on March 21, 2023, 06:33:56 AM

Because when you have Tether you won't worry about price volatility but you won't have the chance to multiply your profit also you need to understand that having USDT in your wallet is not like owning bitcoin because nobody is there to freeze your account but when you hold Tether you are advised to withdraw as soon as possible to avoid things like that happening or something like that because it is centralized unlike Bitcoin.

It is true that holding Tether (USDT) can help reduce the impact of price volatility in the cryptocurrency market, as it is designed to maintain a stable value of 1 USDT = 1 USD. However, it is important to note that holding USDT is not the same as owning Bitcoin or other cryptocurrencies, as USDT is a centralized digital asset issued by a private company.
As a centralized entity, the Tether company has the authority to freeze or seize USDT balances in certain circumstances, which is not possible with decentralized cryptocurrencies like Bitcoin. Therefore, it is recommended to withdraw USDT from exchanges and other centralized platforms as soon as possible to minimize the risk of loss.

OpenCEX

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Reason 1: stability. Forex and stocks trading is usually carried out from a very stable currency such as EUR, USD, or GBP. As a result, it’s possible to pinpoint changes in the value of the asset that is being traded. Trading from a coin that is volatile might make the technical analysis harder to apply. Due to this, USDT and it’s stability can be a very good solution to trade altcoins according to your strategy.
Reason 2: USDT preserves its value during downtrends. When the bear market hit in 2018, holding any kind of unstable coin might have lost you some serious value. However, USDT stayed safe from the slaughter since it’s backed by real dollars.

Wiwo

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Quote from: errorcode99 on March 21, 2023, 06:33:56 AM

Because when you have Tether you won't worry about price volatility but you won't have the chance to multiply your profit also you need to understand that having USDT in your wallet is not like owning bitcoin because nobody is there to freeze your account but when you hold Tether you are advised to withdraw as soon as possible to avoid things like that happening or something like that because it is centralized, unlike Bitcoin.

Aside from short-term volatility, we still have transaction fees to consider as per why forks prefer Tether to Bitcoin because due to the high demand for Bitcoin and its network congestion miners are taking high fees to get transactions confirmed, but tether has a more faster and cheaper transaction process.

-We may find other reasons for this but to a certain point these two reasons are the major reasons why cryptocurrency holders prefer to receive payment in the tether and not Bitcoin.

mulia sabee

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Quote from: blockman on March 05, 2023, 04:59:17 PM

Despite that Tether has a stable value and people are aware that it can freeze anyone's asset anytime and have it blacklisted, they're choosing it because it's exempted from volatility.
And as we all know bitcoin, if someone wants to pay it, he's paying it depending on the market's value in real-time. That's why we get to see campaigns and other services getting paid in bitcoin based on USD value from the very moment the payment will be sent, so, as it's volatile the value might change and it's not stable.

tmaybe that's because the price continues to be stable or you could say it's just a store of value.
Tether always has a stable price, if you have bought $300 on USDT, and almost certainly it will be a fixed price, the percentage up and down shifts only slightly, unlike Bitcoin where the price will fluctuate or fluctuate. But if you want to speculate for profit then of course BTC is a very good choice in my opinion.

errorcode99

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Because when you have Tether you won't worry about price volatility but you won't have the chance to multiply your profit also you need to understand that having USDT in your wallet is not like owning bitcoin because nobody is there to freeze your account but when you hold Tether you are advised to withdraw as soon as possible to avoid things like that happening or something like that because it is centralized unlike Bitcoin.

Pamadar

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Quote from: carrie_white on March 20, 2023, 10:15:01 AM

of course this is due to the problem of fluctuations, what is feared and avoided from paying using bitcoin is the instability of bitcoin, the price of bitcoin which fluctuates very quickly makes people hesitate when they want to pay or be paid with bitcoin, so it is still safer if paid with stablecoin

Yeah, people who don't want to play with volatile market are people who will favor and choose tether for their transactions
and not to use Bitcoin to avoid losing money.

But for those who understand it well, they will continue to support the process,
either they will choose to recieve Bitcoin or they will use it to purchase to show
support with this industry.

carrie_white

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of course this is due to the problem of fluctuations, what is feared and avoided from paying using bitcoin is the instability of bitcoin, the price of bitcoin which fluctuates very quickly makes people hesitate when they want to pay or be paid with bitcoin, so it is still safer if paid with stablecoin

Xal0lex

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Quote from: Bay_Harbour_Butcher on March 18, 2023, 11:39:04 PM

the reason why people prefer to be paid with tether rather than bitcoin is because bitcoin is very volatile, while tether is a stablecoin, bitcoin is indeed profitable if the price goes up, but what if the price of bitcoin at that time is go down, then of course no one wants to be paid with bitcoin, so bitcoin it is an uncertain thing

In a way, you're right and people who prefer stablecoins are understandable. Bitcoin payments are very profitable during the bull run and, conversely, extremely unprofitable during the dumps. Sometimes you have to wait for a very long time to get back to the previous bitcoin price, but all people do not have that much time, so they have to fix bitcoin at the actual price, calculating the loss. The same participants in various campaigns, I think, have often faced this problem.

Huppercase

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Quote from: kryptocanon on March 14, 2023, 04:11:24 PM

The buyer is wise, and that is why he/she prefers to transact using stable coin and not bitcoin as bitcoin is more valuable than every other crypto asset combined. I definitely will save my bitcoin too.

It might also be that it is due to price fluctuation, some people fear when they see their money becomes less and when they see that it will become a problem in the future, they will prefer to have their payment in USDT instead. The bitcoin also have low demand if you try to sell them on exchanges, I have experience this problem in P2P when I wanted to sell Bitcoin, the rate were low and I have to convert from Bitcoin to USDT and as soon as I did the conversion, the rate which I sold were very Okay and reasonable when you compare it to the rate of bitcoin.

b3j0

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Your advantage if you transact using tether is that the value of the goods you sell or buy will not change, if you transact using BTC you will have difficulty determining the price because the value of BTC changes frequently. Stable coin was created to make transactions easier and BTC is used for investment. I think you need to understand the function of these two coins.

Pelana vreo

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It's likely that the person only has Tether for payments, as @Pmalek explained, it's an option and you don't have to worry about tether if you have it in a personal wallet.

Payments using bitcoin are usually made by service providers and transaction fees also affect this choice, choose a payment method with the coins you have, it will be easier.

Bay_Harbour_Butcher

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the reason why people prefer to be paid with tether rather than bitcoin is because bitcoin is very volatile, while tether is a stablecoin, bitcoin is indeed profitable if the price goes up, but what if the price of bitcoin at that time is go down, then of course no one wants to be paid with bitcoin, so bitcoin it is an uncertain thing

coinerer

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Different people are comfortable making USDT payments for different purpose. No one makes any payment with Bitcoin because they don't want to spend their Bitcoin. Others find it more cost-effective to pay in Bitcoin as Bitcoin transaction fees are higher than USDT (bsc & trx) chains. And on the other hand Bitcoin takes a little longer to complete a block than USDT so I think people use USDT more than Bitcoin to make faster payments.

juhobtc

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If for someone bitcoin is an investment, then it is understandable why he does not want to pay with bitcoin at the moment. If I have some savings that I can convert into a tether, then they will be the equivalent of a dollar for me, and I will not mind paying them off.

Bobrox

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Tether are stable coins but depend with kinds network did you choose, did you got latest update with stable tether coins from USDC was dropping until $0,9? there are have been familiar with many people interested use tether stable coins for payment than Bitcoin due consistency and stable values. But keep priority with popularity tether coins and always have stable price if won't bad thing happen like stable coins from USTC and USDC.

Tether could be long term payment currencies and all countries adopt this payment kinds although using fiat dollar, but looking on price both stable tether fiat or cryptocurrency have the same function and not any difference yet.

Pierre 2

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In such circumstances I tend to buy in usdt but sell in Bitcoin. You can see why this happens. Tether is very stable kind of cryptocurrency equal to usd so I can be sure how much money I will pay and it will not quickly change. But I see Bitcoin as better opportunity so I would like get Bitcoin instead of Tether.
Many people in crypto businesses prefer USDT as better version of real Dollar. Less fees, truly international, easy to trade with other altcoins so on. Tether's existence is about its usefulness. Its never gonna be treated as cryptocurrency but alternative united states dollar.

kryptocanon

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The buyer is wise, and that is why he/she prefers to transact using stable coin and not bitcoin as bitcoin is more valuable than every other crypto asset combined. I definitely will save my bitcoin too.

Yogee

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Quote from: Unbunplease on March 12, 2023, 05:09:13 PM

[.....] Before stablecoins appeared in 2014, people stored their money in bitcoins. Perhaps it's time to remember the old days.

I didn't know there's already a stable coin in that period. Maybe it is time to use bitcoin in gambling again over stable coin like tether but let's not bring back the time when BTC was basically valued so low. People have been tossing it around or giving it away like it was nothing during the early days so it's only natural that they also wouldn't care to use it for gambling.

Questat

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I'm not sure if the reason is from us but probably because it was the only option that the receiver had offered. Because people will use their Bitcoin if it was accepted and in the case that it was not, it leaves us no option but to convert their BTC to USDT. Because even the price of Bitcoin will dump (or pump) it was not the loss of the payor but a loss of the person who receives the money. And to keep safe in their position, a payee will likely give no other option but just a stablecoin (USDT). If I have that position, I'll do the same, especially during the bear season.

Topic: reasons why someone wants to pay in tether and not bitcoin? (Read 673 times)