Without bitcoin, Tether will not be needed. So I don't think that's really the case
Exactly. Without BTC, this market could not exist and USDT also does not make any sense. USDT only supports people coming to bitcoin faster 
Topic: The World’s Most-Preferred Cryptocurrency Isn’t Bitcoin - page 2. (Read 558 times)
Even if the volume of Tether overtook bitcoin, we still can't call it the preferred crypto. Though there is a small number of people that are attracted by the interest provided in the stablecoin no trader or investor would prefer to keep their money in stablecoin. If they were, they wouldn't be exchanging it from fiat.
Tether might be the universal stablecoin at the moment but they are slowly losing their grounds with the introduction of new stablecoins.
tether can be only use online as stable coin and nothing more to offer so i ithink is gonna hard for them to make it a main crypto currency . other than that this is only build in eth platform not even have there own blockchain . Tether might be the universal stablecoin at the moment but they are slowly losing their grounds with the introduction of new stablecoins.
Before I even click the link...Coinmarketcap data?
Bingo, what else!
Now, before anything stupid gets posted here:
Checking the pairs usdt is traded against by volume and exchanges, the first 10 and 19 out of 20 are USTD/BTC.
So...no BTC...no tether!
Second, just because some shady exchanges inflate their trading numbers this doesn't make tether the "world" most preferred cryptocurrency. When tether will have as many shops accepting only tether as bitcoin does, then it will be.
Till then, it's just another shitty stable coin.
And yeah, a website ranked on the 250000 place in the world by traffic is doing 600 million $ in volume.
Legit!!!
Bingo, what else!
Now, before anything stupid gets posted here:
Checking the pairs usdt is traded against by volume and exchanges, the first 10 and 19 out of 20 are USTD/BTC.
So...no BTC...no tether!
Second, just because some shady exchanges inflate their trading numbers this doesn't make tether the "world" most preferred cryptocurrency. When tether will have as many shops accepting only tether as bitcoin does, then it will be.
Till then, it's just another shitty stable coin.
And yeah, a website ranked on the 250000 place in the world by traffic is doing 600 million $ in volume.
Legit!!!
That's what I thought so too. There's no way that a shitty stablecoin like that would beat bitcoin in cryptocurrency usage. Like there must be something fishy about it. In my experience, Bitcoin is still the number cryptocurrency that merchants accept. I don't see any tether in most of the shops I know. Even online games accepts Bitcoin now.
At this point, we all know that coinmarketcap data is inaccurate.
Even if the volume of Tether overtook bitcoin, we still can't call it the preferred crypto. Though there is a small number of people that are attracted by the interest provided in the stablecoin no trader or investor would prefer to keep their money in stablecoin. If they were, they wouldn't be exchanging it from fiat.
Tether might be the universal stablecoin at the moment but they are slowly losing their grounds with the introduction of new stablecoins.
Tether might be the universal stablecoin at the moment but they are slowly losing their grounds with the introduction of new stablecoins.
Honestly for me bitcoin is still the king even if it's price is continue to fall time will come that bitcoin will recover and steal the crown again as king of all coin. All we know that all here in crypto world ia temporary so be ready of every possibilities specially in change of price value quickly and regularly.
I dont want to be bias but he got a point Tether is traded also in most exchange and will probably have a consistent and stable price since it is pegged and known to be USD in our term of currency but in digital form. Meaning it will be based on price of the USD, but what it makes me wonder is why the hell they made stablecoin for. I guess to balance the marker trading for cryptocurrency. That's its only purpose so btc will always be the great innovation ever added in world.
If we are going to look at the reason why some traders including me uses tether, that is because tether is a good stable coin that can be good to pair with BTC. For example, if the market price of bitcoin is downtrend, we sell BTC and buy tether in a sense that we need to save the value of our bitcoin, in which is we preferred right from the start, not the tether. The title best suits to be, tether: The most used trading pair to bitcoin (BTC/USDT). We, traders, aren't investing on stable coins, we want profit.
You are right with your analysis, but let me ask you, how many coins can you trade Tether with? In every exchange you have the highest opportunity to trade Bitcoin with whatsoever coins you want, while Tether on the other hand is only used to hedge funds, that's for traders. So apart from using Tether to hedge funds what other use does it have? How many coins can be traded with it? Just few. Till years to come, Bitcoin will remain the top and most preferred cryptocurrency.
Nope it's never my option to hodl Tether I have nothing to do with a stable coin whose functionality depends on Bitcoin, like all the others are saying it is Bitcoin dependent nothing more than that and will stay that way, all my newbie friends are asking me about these stable coins and I always say forget it, it is Bitcoin dependent, there's a lot of coins out there with usage.
I don't buy this info about Tether. I mean, yeah, it is a widely used 'cryptocurrency', that's true. But, as some other people have already mentioned, remove Bitcoin and there won't be that much of Tether left. And the Tether that will remain still would not mean much. Tether is used instrumentally, as an intermediary between fiat and cryptocurrencies. And it's used specifically for trading because it's useful to have a coin with a very stable price in a trading pair. It's not a coin that's getting adoption in other areas, even though some could also benefit from its stability. But tether is a very risky project. They used to say each coin was backed up by one dollar. Then they said that it's backed up with something valuable. But it might turn out to be backed up by nothing but hype! And in this situation, it can collapse at once, which is something that would not happen to an actual decentralized and not a fiat-based cryptocurrency like Bitcoin.
OP, there's a reason Bitcoin dominates the market with a whooping percentage. 70% is no mean feat. I know a lot of people will wish this data is anything to go by just so they see Bitcoin relegated. Well, from the look of things this isn't going yo be any time soon.
That's a lie. Bitcoin is the most preferred and famous and accepted cryptocurrency all over the world, by a large margin.
Is tether even a cryptocurrency in the full meaning of this word?
It's centralized and can be made up whenever its owners choose to.
It was supposed to be pegged to the dollar 1:1 but is not. In reality a lot of it is made out of thin air.
It's called a stablecoin for a reason. These coins aren't made to function on their own. They offer a way to exit to something that is meant to simulate the dollar to people who for some reason cannot use the dollar due to lack of licenses or something else.
Like others said in this thread: no BTC = no USDT. The only use of USDT is to make trading BTC easier. Without BTC there won't be a reason for it to exist.
It's centralized and can be made up whenever its owners choose to.
It was supposed to be pegged to the dollar 1:1 but is not. In reality a lot of it is made out of thin air.
It's called a stablecoin for a reason. These coins aren't made to function on their own. They offer a way to exit to something that is meant to simulate the dollar to people who for some reason cannot use the dollar due to lack of licenses or something else.
Like others said in this thread: no BTC = no USDT. The only use of USDT is to make trading BTC easier. Without BTC there won't be a reason for it to exist.
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
This is due to the long bearish market going on in the past. People want to keep their holdings in USDT instead of risking any of it in BTC or any other altcoins. Moreover the best part about USDT is it's standardized Value which means if you are keeping price of something as 10 USDT it will always fetch you the same amount if FIAT as it is directly pegged against the USD. However recently it has been brought to light that it is highly manipulated by some major exchange like bitfinex and not all the USDT present in circulation is pegged against USD infact a very low percentage of that is pegged rest is without any backing. But despite of many competitors like USDC, PAX it still remains the most used dollar pegged coin. 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
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
First and foremost i do not believe the data presented by CMC as the volumes given by the exchanges are not accurate. Second of all i consider Tether as a centralized coin which will blow up any time. They lied before that they are pegging every coin with the united states dollar but then they were forced to reveal that it was not the truth. Even if you are seeing huge volumes in Tether does not mean it can be trusted, it is just a disaster waiting to explode in my opinion 
.
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.
Before I even click the link...Coinmarketcap data?
Bingo, what else!
Now, before anything stupid gets posted here:
Checking the pairs usdt is traded against by volume and exchanges, the first 10 and 19 out of 20 are USTD/BTC.
So...no BTC...no tether!
Second, just because some shady exchanges inflate their trading numbers this doesn't make tether the "world" most preferred cryptocurrency. When tether will have as many shops accepting only tether as bitcoin does, then it will be.
Till then, it's just another shitty stable coin.
And yeah, a website ranked on the 250000 place in the world by traffic is doing 600 million $ in volume.
Legit!!!
Bingo, what else!
Now, before anything stupid gets posted here:
Checking the pairs usdt is traded against by volume and exchanges, the first 10 and 19 out of 20 are USTD/BTC.
So...no BTC...no tether!
Second, just because some shady exchanges inflate their trading numbers this doesn't make tether the "world" most preferred cryptocurrency. When tether will have as many shops accepting only tether as bitcoin does, then it will be.
Till then, it's just another shitty stable coin.
And yeah, a website ranked on the 250000 place in the world by traffic is doing 600 million $ in volume.
Legit!!!
Damn I'm glad you are the first one to reply after this fake news, I have not seen any shop accepting Tether and I don't think I will encounter that many, so many posts are rephrasing and finding data just to prove that the coin they are supporting is beating Bitcoin, I don't buy it, we can hardly find Tether topic until you bring it here with a very catchy title.
One way to find out which coins got the most support is to just open your eyes and you can see the truth.
Places that accept bitcoins as payment option: thousands.
Places that accept Tether as payment: none that I know.
You said Bitcoin has 70% of mining power in the world.
For me it is just a trick to make Tether look more popular. They always looked sketchy, in my opinion
Places that accept Tether as payment: none that I know.
You said Bitcoin has 70% of mining power in the world.
For me it is just a trick to make Tether look more popular. They always looked sketchy, in my opinion
And you did not even took the liberty to tell why?
You just input numbers and some crappy definition and more garbage.
Have you tried trading my friend?
Have you seen the pairs?
Mostly Tether had been the escape route to avoid losses. It is not really because they want to invest with it.
It is just a way to make profit with other crypto currencies against.
So it doesnt matter if it goes up until it hits the roof. It is just being abused for now.
You just input numbers and some crappy definition and more garbage.
Have you tried trading my friend?
Have you seen the pairs?
Mostly Tether had been the escape route to avoid losses. It is not really because they want to invest with it.
It is just a way to make profit with other crypto currencies against.
So it doesnt matter if it goes up until it hits the roof. It is just being abused for now.
Cryptocurrency? I never even treated tether as one, these centralized coins keeps on popping out of nowhere, and even though there is news regarding this most used cryptocurrency in the world and they are referring tether as this cryptocurrency, I guess this is just fo show to make tether popular in the eye of the public, In my opinion, there are people behind the increase of the price of this stable coin, and they are moving in secret and in silent in pushing this stable coins into being a cryptocurrency.
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