Topic: The World’s Most-Preferred Cryptocurrency Isn’t Bitcoin (Read 539 times)
Of course, buying and selling transactions on usdt basis have an effect on the increase of tether volume. For example btc/usdt, eth/usdt, xrp/usdt trading pairs like theese. However, another important factor is that the person can be his or her bank with the tether. For example, some people put their money in a tether wallet instead of depositing it in a bank, because they don't trust banks. I think it is a really important factor
I'd ask everyone: how much ( percent ) tether against all other crypto you hold ?
Me: 0
Me: 0
Oh my got, how can you compare something that is pegged to a dollar with real cryptocurrency? Of course that Tether has high trading volume because altcoins and BTC are traded in a pair with USDT. This makes trading volume so high, not that there is so much interest in Tether. 
Most preferred ?
Yes it is the most preferred when BTC is going down in price. Just sell the BTC and buy tether just to buy back the BTC when it starts to rise.
Although we don't know the time it bull/bear trend, I guess many people use USDT just so that they can trade with BTC at a later point in time.
I don't find any other usecase for tether hence making it least preferred for any other usecase.
Yes it is the most preferred when BTC is going down in price. Just sell the BTC and buy tether just to buy back the BTC when it starts to rise.
Although we don't know the time it bull/bear trend, I guess many people use USDT just so that they can trade with BTC at a later point in time.
I don't find any other usecase for tether hence making it least preferred for any other usecase.
People from world wide knows bitcoin. Most of the online businesses accept crypto only accept bitcoin hardly ETH or other old coins. USDT is not known worldwide at all. Take a look at a people near you to ask them if they heard about USDT at all ever. They would have no idea about USDT but some may have heard about Bitcoin. It's Funny that people comparing bitcoin with USDT even the second most popular crypto ETH is ahead of USDT.
USDT is already known as a shady coin that can collapse anytime. The only reason they are still in the market because they are supported by some big crypto exchanges. USDT was created because of bitcoin. So it would be childish of us if we say USDT is better than Bitcoin. USDT isn't even trusted by the community reason we have some regulated USD token aka TUSD USDC etc.
USDT is already known as a shady coin that can collapse anytime. The only reason they are still in the market because they are supported by some big crypto exchanges. USDT was created because of bitcoin. So it would be childish of us if we say USDT is better than Bitcoin. USDT isn't even trusted by the community reason we have some regulated USD token aka TUSD USDC etc.
Well-said. I mean all cryptocurrencies exist thanks to the Bitcoin. USDT is only the emergency escape ramp for all traders, all crypto enthusiast. I don't think USDT will be a major coin for adoption. I also do not support stable coins as well. They are just harming the blockchain and cryptocurrency prices. If stable coins did not exist Bitcoin price could be 50k-100k now. USDT only cause panic on the market, nothing more. I think all exchanges need to delete all of them. Because we are really don't need them in the first place.
I read that TETHER is temporarily used among cryptocurrencies, since its rate is tied to fiat, everyone buys it on cryptocurrency market pullbacks, but when the era of paper money ends, it will become unnecessary and everyone will buy up bitcoin)
No coin can take place of bitcoin. After all, bitcoin is the whole reason why we have the opportunity to invest in some other digital coin. I really don’t understand why it is difficult for investors of altcoins to accept that bitcoin is the top digital currency while they understand this fact very much. Also, anyone who would like to invest in something that can return huge profits in no time, he will choose bitcoin for sure.
yes, as we know that coins are stable, the opportunity to get profits is very small, because the rise and fall of stable coin prices depend on the value of the dollar and differ from bitcoin and other altcoins they depend on demand and supply in the market. so in my opinion the cryptoqurrency most liked by many people is BITCOIN is not a stable coin.
I read that TETHER is temporarily used among cryptocurrencies, since its rate is tied to fiat, everyone buys it on cryptocurrency market pullbacks, but when the era of paper money ends, it will become unnecessary and everyone will buy up bitcoin)
There is a truth in what you say because after I check, it turns out to be true if usdt has a large enough transaction volume and beats the number of bitcoin transactions, maybe this happens because usdt is an altcoin which has a stable price nature, so many people make transactions sell and buy usdt in exchange, but we know that if the risk of investing in stable altcoin will only get a small profit and is different as if we invest in bitcoin or other altcoin.
Even though the volume of tether is already high, but without bitcoin there is no price, everything that moves in the cryptocurrency world is very influential on bitcoin,for me bitcoin is still number one and very difficult to compete with,Exchanges that use tether are limited, so this is very different from bitcoin.
This development is just temporary because investors and traders are looking to protect their assets from bearish crypto markets and in turn used Tether as a tool for volatility protection, and as a result, Tether's volume went larger than Bitcoin's!
Lets just wait until these crypto uncertainties have subsided and the bulls began rallying together again, then we shall see the real "most preferred cryptcurrency" in cryptoverse!
Lets just wait until these crypto uncertainties have subsided and the bulls began rallying together again, then we shall see the real "most preferred cryptcurrency" in cryptoverse!
Although your points are somewhat correct but do you actually think without Bitcoin if Tether would be in existence. That's by the way, let's go practical, are all exchanges using Tether? The answer is no, some are using other stable coins. Also, how many exchanges can Tether be traded with virtually all coins? The answer is none, Tether trading is always limited might not even pass 20 coins. But coming in the case of Bitcoin, the reverse is the case, because Bitcoin can be traded against any coin listed on any exchange unless in rare cases, so with this, which coin is the most preferred and widely used? The answer is clear, Bitcoin.
The volume is tether is very high because most peoples trades their cypto coins against USDT.
btc/usdt, eth/usdt, xrp/usdt, etc. that's why the volume of tether is very high, but it is a quite wrong to call it 'world most preferred coin' by the trading volume in coinmarketcap.
It is not going to affect Bitcoin. People don't want to pay for things that was built in thin air. btc/usdt, eth/usdt, xrp/usdt, etc. that's why the volume of tether is very high, but it is a quite wrong to call it 'world most preferred coin' by the trading volume in coinmarketcap.
Another issue-peddling, eh?
I have yet to hear someone who tells me that he prefers Tether more than Bitcoin. If somebody tells me that, I will be torn between ignoring him completely for life or get angry at him and lectures him about why Tether is a speck of dust as compared to the giant Bitcoin. I cannot see anything good with Tether except that its value does not lost much. Well, that is its purpose, anyway. Other than that, no more.
I have yet to hear someone who tells me that he prefers Tether more than Bitcoin. If somebody tells me that, I will be torn between ignoring him completely for life or get angry at him and lectures him about why Tether is a speck of dust as compared to the giant Bitcoin. I cannot see anything good with Tether except that its value does not lost much. Well, that is its purpose, anyway. Other than that, no more.
as we know that Tether is one of the stable coins and they only focus on the financial system but not decentralized. so the rise in the price of a coin is centralized depending on the value of the dollar. so if someone compares a stable currency with bitcoin, the difference is very clear. I think the answer is that bitcoin coins are preferred by all traders.
Without Bitcoin, the existence of Tether doesn't matter for the crypto traders. The high volume on the Tether is related to the bear market and the profit realization accelerates the daily turnover of stable coins. The 4th place of the most-preferred stable coin has an association with the high volume by the big exchanges which preferred to give a higher ranking for the specific stable coin.
Without bitcoin, Tether will not be needed. So I don't think that's really the case
That's true and without tether's claim if that is fully backed by dollar to give tether the stable value and we will never need tether. But its claim has already used to fool so many people and this time the company is doing whatever they wanna do even to issue more and more tether anytime. Tether is also getting its value from its fake claim to be fully backed by fiat and then changed it after so many people have been fooled by tether company.
Currently Tether may have surpassed Bitcoin's trading volume due to many traders and holders using it to mitigate Bitcoin's somewhat downward fluctuating value right now thus protecting their portfolios to its volatility. Yet, should the bullish market commence once again, I would assume it will trigger a signal for holders to convert their Tether into Bitcoin and should propel Bitcoin to regain its spot in crypto markets once again.
I would also like to point out that Tether did overtake Bitcoin in terms of trading volume but this is only across exchanges and not about real transactions occurring across its ecosystem. Also, Tether's volume could be manipulated to influence the perception of other people on Bitcoin's dominance! In terms of mass adoption, Bitcoin still is the king and not Tether which is mostly confined within exchanges and not across the real world so that we can safely say that Bitcoin is still the "preferred" cryptocurrency! Imho.
Am I stupid to say that the best cryptoqurrency is bitcoin?
Am I wrong to see that bitcoin has ever reached the price of $ 19.5k?
Is cryptoqurrency stable one of the most preferred coins in the world? (Tether)
yes ... I hope you can judge from this basic aspect.
Am I wrong to see that bitcoin has ever reached the price of $ 19.5k?
Is cryptoqurrency stable one of the most preferred coins in the world? (Tether)
yes ... I hope you can judge from this basic aspect.
Bitcoin which weighs around 70% of all computerized resource world's reasonable worth was whipped by Tether which presently reigns as the most utilized cryptographic money in the advanced market exceptional.
In flunky's fund market reports and consequences of any exchange and volumes are elusive in any outlines present on the web.
An as of late announced information from CoinMarketCap.com shows Tether having the most elevated volume in both day and month to month exchanges, Yet Tether has multiple times littler market upper casing, But in April Tether took over Bitcoin for having a higher exchanging volume and has Increased from that and has been stretching around $21 Billion every day, seen toward the beginning of August.
Tether is presently right now exchanging at $1.01 USD and has a ROI (Return on Investment) of 0.52%, It has a Globally assigned position of #4. It has a market top of $4,129,600,377 USD, it has an all out inventory of 4,207,771,504 USDT . Tether has an identical estimation of 500,902 BTC in Bitcoins. In the present month Tether's exchanging volume was 18% more than that of Bitcoin, which imprints tie as a significant coin and resource in the digital currency biological system.
News Source: TheCoinRepublic
Do not compare stable coin with non stable coin, even if tether have biggest market cap this doesn't make it better than bitcoin, i guess many traders favour tether than other stable coins and they prefer is because its the oldest, without traders stable coin will be useless now that many exchanges have fiat access on their platform In flunky's fund market reports and consequences of any exchange and volumes are elusive in any outlines present on the web.
An as of late announced information from CoinMarketCap.com shows Tether having the most elevated volume in both day and month to month exchanges, Yet Tether has multiple times littler market upper casing, But in April Tether took over Bitcoin for having a higher exchanging volume and has Increased from that and has been stretching around $21 Billion every day, seen toward the beginning of August.
Tether is presently right now exchanging at $1.01 USD and has a ROI (Return on Investment) of 0.52%, It has a Globally assigned position of #4. It has a market top of $4,129,600,377 USD, it has an all out inventory of 4,207,771,504 USDT . Tether has an identical estimation of 500,902 BTC in Bitcoins. In the present month Tether's exchanging volume was 18% more than that of Bitcoin, which imprints tie as a significant coin and resource in the digital currency biological system.
News Source: TheCoinRepublic
Without bitcoin, Tether will not be needed. So I don't think that's really the case
That's true and without tether's claim if that is fully backed by dollar to give tether the stable value and we will never need tether. But its claim has already used to fool so many people and this time the company is doing whatever they wanna do even to issue more and more tether anytime. Tether is also getting its value from its fake claim to be fully backed by fiat and then changed it after so many people have been fooled by tether company.
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