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Topic: reasons why someone wants to pay in tether and not bitcoin? - page 2. (Read 595 times)

legendary
Activity: 2674
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my understanding is that using bitcoin, you will not have to worry about your crypto being frozen.
Whether Bitcoin or any other cryptos, they can be frozen on a Cex if anything goes wrong. So, it doesn't really matter. I think why people don't like transfering Bitcoin but instead choose Tether won't be far from the high transfer commission on Bitcoin, especially if one is moving it out from another exchange. I use Binance but I can say for over two years now I haven't withdrawn Bitcoin from it. If I have to do a withdrawal I convert it to a stablecoin and then withdraw for my use. Bitcoin withdrawal fee is very high compared to stablecoins.
legendary
Activity: 2982
Merit: 1028
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?

If I base it on what's happening in the market right now about stabecoins crashing, only Tether didn't go down to 1$ but most of them went down by 1$ even usdc went down to the amount of 1$.

Maybe they trust Tether more now compared to Bitcoin because we know that the volatility range of Btc is high in this field industry and that cannot be denied. Then the tether is still 1 is to 1 its ratio.

Tether value will continue to be friendly for experienced traders and investors, they will use as token for investment a pair that will give them some good edge in terms of shorting the market.

Bitcoin, still unpredictable using it for payment, can either favor you or will leave some regrets,
depends on how you understand what you are doing.
fvb
member
Activity: 1470
Merit: 13
In my humble opinion, this is convenient for both parties. That is, the approximate price is immediately clear. This is why everyone uses stablecoins
legendary
Activity: 2744
Merit: 1111
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The advantage is that Tether is more stable than Bitcoin because not everyone likes the volatily of Bitcoin prices and also the choice of Tether may depend on the person's target on the transaction he is doing, but the main reason is stability and that is not found in Bitcoin and altcoins besides from stablecoins, and with what is happening right now with USDC it can change people's view that stablecoins can also lose their value from USD.
sr. member
Activity: 1666
Merit: 453
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?

If I base it on what's happening in the market right now about stabecoins crashing, only Tether didn't go down to 1$ but most of them went down by 1$ even usdc went down to the amount of 1$.

Maybe they trust Tether more now compared to Bitcoin because we know that the volatility range of Btc is high in this field industry and that cannot be denied. Then the tether is still 1 is to 1 its ratio.
full member
Activity: 1386
Merit: 107
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the only and main reason is because USDT has a stable value and is inversely proportional to bitcoin which has a fluctuating value. or payments everyone prefers USDT because of its stable value, but for investment purposes everyone prefers bitcoin because the price of bitcoin can grow rapidly. so it depends on the intended use  Wink
legendary
Activity: 1750
Merit: 1152
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Whoever is playing the USDC and the rest of the stablecoins probably wants people to lose faith in stablecoins, and start buying bitcoin? Before stablecoins appeared in 2014, people stored their money in bitcoins. Perhaps it's time to remember the old days.
hero member
Activity: 2170
Merit: 530
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?
In the most simplest reason is maybe he still knows that bitcoin price might pump anytime, and converting it to usdt is not a good idea or by using it. As time passes by if you will buy usingn10$ worth of Bitcoin you need gas and also that 10$ can now be more than the value now so it is very important to decide clearly because there's a lot to consider such as gas fees, time etc in bitcoin so it more convenient for now not to use bitcoin.
legendary
Activity: 2982
Merit: 1028
I simply think that they believe in usdt as a traditional paper currency because of its pure value, not bitcoin. They may have overlooked the larger and more serious risks to tether such as a massive tether withdrawal or a sudden and rapid loss of trust in Tether. What is happening with USDC and BUSD. Lol, I guess bitcoin still deserves more acceptance.


Yeah, pure value and serve as a representation of the US dollar. They are willing to use it as payment and not Bitcoin because of other factors, especially the volatility of its value.

Using USDT, the transaction will proceed without worrying of any possibility that the value will fall or the
value will pump, with USDT to tether there're no changes and it will continue as it is.
sr. member
Activity: 1022
Merit: 252
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Tether is a stablecoin, meaning that its value is pegged to the US dollar. This makes it a more stable asset than Bitcoin, which is known for its price volatility. For merchants who want to avoid the risk of Bitcoin's fluctuating value, accepting Tether may be a more attractive option.
Another reason why someone might prefer Tether is that it is faster and cheaper to transact with than Bitcoin. Bitcoin transactions can be slow and expensive, especially during times of high network congestion. Tether transactions, on the other hand, are usually processed quickly and with lower fees.
full member
Activity: 784
Merit: 108
I simply think that they believe in usdt as a traditional paper currency because of its pure value, not bitcoin. They may have overlooked the larger and more serious risks to tether such as a massive tether withdrawal or a sudden and rapid loss of trust in Tether. What is happening with USDC and BUSD. Lol, I guess bitcoin still deserves more acceptance.
hero member
Activity: 2786
Merit: 606
It depends on what kind of payment we're talking about. If the value in BTC is fixed at the time of purchase, you can either buy the item cheaper if BTC rises, or more expensive if it falls. USDT is a surrogate for the dollar, so you cannot lose value here. That's why many people prefer to pay in USDT, which is practically in dollars.
I think that each merchant will always update the price of their items because if they won't do that, they will only lose as most of the times, the price of Bitcoin is declining. There are times that it can pump but it does not stay there for a long time and what if the merchants will be a little late of selling their Bitcoins to fiat?

Tether is not the only stable coins that we have here and there are people who avoid it for some reason. These people can go with other stable coins like USDC and Busd because they think that it was more safer and more stable. Yes, even the stable coins can fluctuate too although not too much like the typical crypto.
sr. member
Activity: 2310
Merit: 355
I think it's just a stability issue. tether is a stablecoin. people sometimes choose to use USDT to store their assets in crypto to make it easier for them to use them without thinking about the volatile levels that occur. if someone wants to be paid using tether then he/she is most likely avoiding the volatile thing that happens with bitcoin. I don't think he's worried about his assets being frozen, rather he's afraid the price could decrease more than he thought.
That’s the purpose of stablecoin, to protect your money from further dropping on any market situation because its value should be stable on that price, that’s why many prefer to have this on a bear market so they can easily buy again when they saw a good signal to buy. I just don’t like the idea of holding this in the long run, because you are just wasting opportunities to increase your money’s worth by staying on that stablecoin, better to buy a good crypto that can give you good profit in return.
hero member
Activity: 1932
Merit: 622
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What could be the reason for someone wanting to pay in Tether and not bitcoin? 
I am sure that one of the strong reasons why people choose prefer to tether over Bitcoin is because of the volatility. Some people don't like high volatility because they need to cash out it a short-term period. Bitcoin is volatile and it has a higher risk to lose its price, although it may also lead the price to be much higher in a short time. But here, it is about the expectation, the reality, and also the risks to take. Some people are not high-risk takers, so this will also influence how people will love choosing Thether or Bitcoin.
hero member
Activity: 1120
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Tether is considered to be a stable cryptocurrency, which means that one need not worry about the volatility associated with other cryptocurrencies. However, it should be noted that accepting payment in Tether may not result in any gains. In contrast, Bitcoin payments offer the possibility of holding for profits if its value appreciates.

Ultimately, the decision to accept Tether or Bitcoin payments is a matter of individual preference.
No one is talking about gains, because one is already paying for bills, not trading for profits. Everyone has their own motives for choosing tether over bitcoin. Taking bitcoin as payment is dangerous because one could lose money if the market crashes or make money if the market is bullish. While Bitcoin moves up and down in bull and bad markets, Tether is a stable coin with minimal volatility. We should exercise caution when sending or accepting payments in cryptocurrency because the number of scams has sharply increased.
full member
Activity: 1708
Merit: 126
Tether is considered to be a stable cryptocurrency, which means that one need not worry about the volatility associated with other cryptocurrencies. However, it should be noted that accepting payment in Tether may not result in any gains. In contrast, Bitcoin payments offer the possibility of holding for profits if its value appreciates.

Ultimately, the decision to accept Tether or Bitcoin payments is a matter of individual preference.

Anyone can use any of these currencies because they are both trusted and reliable. It's just that some users prefer tether because of its stability compared to Bitcoin which has high volatility. Stablecoins are good for transacting because we won't worry about price changes, unlike other coins which could completely change the price anytime which is not under our control. Some coins are better as an investment while others are for transacting and payments.
full member
Activity: 854
Merit: 130
Tether is considered to be a stable cryptocurrency, which means that one need not worry about the volatility associated with other cryptocurrencies. However, it should be noted that accepting payment in Tether may not result in any gains. In contrast, Bitcoin payments offer the possibility of holding for profits if its value appreciates.

Ultimately, the decision to accept Tether or Bitcoin payments is a matter of individual preference.
legendary
Activity: 2492
Merit: 1001
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I think it's just a stability issue. tether is a stablecoin. people sometimes choose to use USDT to store their assets in crypto to make it easier for them to use them without thinking about the volatile levels that occur. if someone wants to be paid using tether then he/she is most likely avoiding the volatile thing that happens with bitcoin. I don't think he's worried about his assets being frozen, rather he's afraid the price could decrease more than he thought.
sr. member
Activity: 1722
Merit: 269
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?

If i had the choice to choose between Bitcoin and USDT or any other stablecoin out there to pay for something then i would also choose to pay with stablecoins to be honest. For me Bitcoin nowadays is not really a normal currency to pay your daily stuff anymore because it just has become way to rare and valuable. Now for me bitcoin is an investment asset just like gold, that you buy and hodl in order to make some profit with it in the future. So if you pay your 100$ bill with Bitcoin now it is very much possible that the amount of Bitcoin, that you have spent to pay this bill is worth 500$ in a few years. Of course the other way around is also possible.
sr. member
Activity: 771
Merit: 258
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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?
People may prefer to pay in Tether instead of Bitcoin due to its stability, lower transaction fees, faster transaction processing, and compliance with stricter cryptocurrency regulations in some countries. These factors make Tether a more attractive option for those who are concerned about price volatility, want to save on transaction fees, or need to ensure regulatory compliance.
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