Tether vs True USD? - page 2. | Bitcointalksearch.org

DanWalker

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Quote from: batang_bitcoin on February 09, 2019, 07:36:33 AM

I don't use stable coins but whatever you use to them, they're both fine. You may want to consider other stable coins too.

USDC
GUSD

GUSD has some problems atm:
https://www.coindesk.com/winklevoss-crypto-gemini-gusd-stablecoin-redemption
https://www.fxstreet.com/cryptocurrencies/news/gemini-punishes-otc-trading-desks-for-gusd-redemption-201902081137

It could be dangerous to keep large amounts of GUSD because of that. In contrast of GUSD, USDC looks pretty nice at the moment. But still we all should keep in mind the investor's golden rule.

VitKoyn

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Quote from: miguelau on February 09, 2019, 03:34:43 AM

Hello everyone, I'd like to know which of these two options is best to freeze my cryptos, which of these two recommend me? Based on your experiences, what is the best? thanks in advance Cheesy

It depends on you, but if what is more secured for me, I will choose to use usd or fiat to stop my cryptocurrencies from losing value in a bearish market, though I have been using tether for trading in some cases. If you choose it to stop your cryptocurrency from losing value and use exchange or online wallets to store it then you have to rely on exchanges the security of your coins which is of course very risky especially if you have plans to have your funds in tether for a long time. But of course you can secure it by your own. So for me, for short term tether and fiat if you don't actively trading cryptocurrencies or waiting for good timing to enter the market again.

crabwheel

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I don't trust this two but if I should pick one of them, It would be definitely Tether. Tether is first of its kind. And it was usefull for bear market.

After USDT one by one many coins has came. TUSD, PAX, Gemini USDC... Why we need that? Tether was enough.
No, we need more stablecoin in this market to make the market more competitive and make it more stable. Just like we were too dependent on USDT and its price was easily

ibrahim160994

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I see that USDT has a more crowded team and community, this means that investors are more interested in this coin so I think USDT is more promising than theter

BigBoy89

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Quote from: miguelau on February 09, 2019, 03:34:43 AM

Hello everyone, I'd like to know which of these two options is best to freeze my cryptos, which of these two recommend me? Based on your experiences, what is the best? thanks in advance Cheesy

If you have only Bitcoin and want to freeze it to it's dollar value for a short time, I would recommend you to use Bitmex or Debitit contracts, shorting.
I'm not a fan of stable coins, but most non-problematic for me is USDC.

dulinivanrus

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Personally, I use Tether when trading bitcoins on the stock exchange, but I don't like stable coins. I know that Tether likes to release new coins for personal use to buy bitcoins. It seems to me that this is wrong !

trash321

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Among such projects, I can confidently highlight the USDT despite all the doubts of people who have already arisen. Because they still can not conduct an audit of their project. I think that he will not appear.

Saint1990

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There are plenty of option now a days to take advantage of stable coins such as TUSD, PAX, USDT, USDC, GUSD, HUSD, DAI, USDS etc. Before choosing stable coins following points should be taken care of :-
1)Transparency — How transparent is the system? Does the system rely on the trust of a central actor? If so, are the procedures to view the inner-workings of that central system reliable?
2)Auditability — Can everyday users audit the systems financial fundamentals. Can the collateral be confirmed?
3)Stability Mechanisms — Assuming regular market operations, what factors keep the coin stable? Are they algorithmic based? Collateral based? Fiat based? What are the strengths and weaknesses of each system?
4)Fallback procedures — In the event of a failure in the particular system, how stable are the underlying assets. Do protections exist to return users funds?
5)Scalability — Can the system grow to support a broad ecosystem?
Source :- https://medium.com/makerdao/part-3-the-strengths-weaknesses-of-stablecoins-62f13b592e3f
Read this post also it will give you more knowledge about Stable coins
https://medium.com/makerdao/part-1-why-stablecoins-matter-3b273e1c529e
https://medium.com/makerdao/part-2-a-primer-on-dai-3b6d1506fa83

Out of Tether & TUSD i will choose TUSD because they provide monthly Audit reports of account holdings Where as we usually get news about tethers questionable audit quarterly which does not look safer to me.

cryptoman87

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Imho, there is no matter which stable coin to use. All of them are safe and its anyway better to fix your profit in fiat rather in BTC/alts.

bangkecol

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I prefer to use USDT(Theter) . this coins is the first stable coin in the cryptocurrency.
This coin has listed on the top big exchange like binance.

as9ardia

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I think both are same, both are stable coin, the price on stable coin usually not too significant changes , following the prevailing fiat rates. but if possible to give some advice, it would be better to use non-stable coin for long term trade.

beachbummer

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Quote from: hummer113 on February 09, 2019, 09:37:07 AM

I would not advise to use the stablecoins in the long term, they are convenient to trade but no more.

Yes, agree with this statement as fiat-pegged stablecoins are probably good for parking your coins for a short period of time before going back into the market. If the purpose is to hold the fiat-pegged stablecoin for a long period of time, it will be better to just hold on to the fiat currency.

hummer113

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I would not advise to use the stablecoins in the long term, they are convenient to trade but no more.

tamango

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I really don't understand why people will use stablecoins...they are not so safe as they seems and if you want a pegged coin I think the safest option is still to convert crypto to fiat.

Awesomus Maximus

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Stable coins work fine until they don't work any more. It is just a matter of when, not if, they will fail. And when they fail, they will fail strong. And when they fail, you don't want to have your money with them. What I want to say is that you are taking a risk every time you convert your crypto to stable coin. On the other side, you are taking a risk every time you send your crypto to an exchange as well. It is risky either way. I would choose USDT and pray it will remain stable during the time I need it.

novusordo

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Quote from: muslol67 on February 09, 2019, 07:41:03 AM

Quote from: miguelau on February 09, 2019, 03:34:43 AM

Hello everyone, I'd like to know which of these two options is best to freeze my cryptos, which of these two recommend me? Based on your experiences, what is the best? thanks in advance Cheesy

I don't trust this two but if I should pick one of them, It would be definitely Tether. Tether is first of its kind. And it was usefull for bear market.

After USDT one by one many coins has came. TUSD, PAX, Gemini USDC... Why we need that? Tether was enough.

No, we need more stablecoin in this market to make the market more competitive and make it more stable. Just like we were too dependent on USDT and its price was easily changed

pat4cryptoreal

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If you really need what is entirely risk free at any time it is the true USD that is the best. Though Tether have proven to be reliable for some time.

BitcoinHodler

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HODLing is an art, not just a word...

neither!

if you want to have something that can keep its value then go back to fiat, real USD is the only choice. anything else is considered a highly risky and volatile altcoin even if currently their prices may seem stable.
not to mention that these tokens are centralized and if anything happens to the company behind them (like Bitfinex company scamming) the token you bought (like Tether) would tank to zero in less than an hour.

indriasyifa

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the price is true USD and Tether tends to be the same, but I see true usd is more promising than tether, if I am in your position, I would choose to invest my money in True USD, because the graph follows usd prices. so that the risk conditions of the speculative cryptocurrency will be slightly controlled.

mindrust

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Neither.

These are centralized projects not different than your steam balance.

If you want to save USD, get yourself a bank account and keep them there.

If I had to use one, I would go with tether but that's not because I trust them, it is because they have a longer history than the others.

Topic: Tether vs True USD? - page 2. (Read 434 times)