USD vs USDT - page 2. | Bitcointalksearch.org

zhekinsp

full member

Activity: 882

Merit: 126

★777Coin.com★ Fun BTC Casino!

Quote from: Annisa_crypto on November 14, 2019, 07:22:58 AM

Do USD and USDT have more or less or the same thing in terms of the price difference? please suggest because I am planning to buy some USDT.

Actually stable coins have no difference,but I would like to know the purpose of buying a stable coin?

It has no benefits unless you are a trader so understand that and buy the right coin.

milesfull

jr. member

Activity: 114

Merit: 1

USDT is a blockchain version (not official) of USD, they should have ±same price

ashmodeus

hero member

Activity: 1638

Merit: 518

sometimes same , but sometimes it different , oh come on , u know time never stops right ?
everytime people trade with USDT pairs wich mean price fluctuactive always , but not too much .
the lowest price i know about 0.94.
but sometimes it can be 1.01 also ATH is 1.21 based on CMC data record.

jossiel

hero member

Activity: 2842

Merit: 625

USD has a constant value/price while USDT(Tether) changes but not that much. You can see the fluctuation from USDT within few centavos and it's not going far to that point. Why are you asking this?

Are you coming up of getting with USDT already?

tenakha

hero member

Activity: 1470

Merit: 509

Quote from: Sri rahayu on November 16, 2019, 10:04:21 AM

I want to ask, if we trade with a USDT pair, whether it will maintain the stability of the price of certain coins?

The pair does not determine the price. It changes only in accordance with demand and supply. That is why USDT can not maintain the price of a certain coin. USDT is an asset that helps us to protect our investment. For instance, if you want to hold your investment with BTC, you may lose money depending on the volatility of the price. USDT is more useful to avoid this risk.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: Annisa_crypto on November 14, 2019, 07:22:58 AM

Do USD and USDT have more or less or the same thing in terms of the price difference? please suggest because I am planning to buy some USDT.

USD is fiat dollar. USDT is stable coin backed by fiat dollar. People go to exchange deposit USD and they credit them with USDT. Since they are freely traded their price tiny bit fluctuate.

Sri rahayu

full member

Activity: 795

Merit: 108

Quote from: mrdeposit on November 16, 2019, 09:00:07 AM

Quote from: Annisa_crypto on November 14, 2019, 07:22:58 AM

Do USD and USDT have more or less or the same thing in terms of the price difference? please suggest because I am planning to buy some USDT.

What is USDT: https://www.investopedia.com/terms/t/tether-usdt.asp
What is USD: https://www.investopedia.com/terms/u/usd.asp
USDT is the stablecoin backed up with USD. The price is not exactly 1.0000, but it is much more stable than the crypto market.

Thank you for the information you have provided, I want to ask, if we trade with a USDT pair, whether it will maintain the stability of the price of certain coins?

kingcolex

sr. member

Activity: 254

Merit: 1258

Quote from: Pmalek on November 14, 2019, 08:16:00 AM

USDT is probably the most popular stablecoin. There is a lot of controversy around it but it is still widely popular.
In addition to what mjglqw suggested you can also check out DAI (Ethereum based) and USDC from Coinbase.

Except when there's tons of controversy which usually happens once or twice a year and then it falls a few cents and volume drops like a sack of potatoes.

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

Quote from: Annisa_crypto on November 14, 2019, 07:22:58 AM

Do USD and USDT have more or less or the same thing in terms of the price difference? please suggest because I am planning to buy some USDT.

USDT is a pretend stable coin. It is supposed to be backed by actual dollars, but this is in doubt (no auditor has confirmed the existence of the reserves).

Not sure why you would want to buy it to be honest. USDT just needs one successful investigation (and there are several ongoing) to tank the entire USDT market and send it to zero. Stay clear - either hold real cryptocurrencies (bitcoin, litecoin, ethereum, doge etc) or hold real dollars. Steer clear of the stable coins.

mrdeposit

hero member

Activity: 1358

Merit: 509

Quote from: Annisa_crypto on November 14, 2019, 07:22:58 AM

Do USD and USDT have more or less or the same thing in terms of the price difference? please suggest because I am planning to buy some USDT.

What is USDT: https://www.investopedia.com/terms/t/tether-usdt.asp
What is USD: https://www.investopedia.com/terms/u/usd.asp
USDT is the stablecoin backed up with USD. The price is not exactly 1.0000, but it is much more stable than the crypto market.

Rimueng

member

Activity: 373

Merit: 12

Smart World Global Token

Quote from: Annisa_crypto on November 14, 2019, 07:22:58 AM

Do USD and USDT have more or less or the same thing in terms of the price difference? please suggest because I am planning to buy some USDT.

The USD is a fiat currency that depends on world stock investments. This currency has a high value highly dependent on economic development in a country. USDT is a crypto currency that makes a benchmark value in accordance with the USD. In this case there are two different currencies with similarity values. If you ask which one is the best, then in my opinion it's better USD than USDT. Because USDT is managed by several people, while USD is managed by the state.

Furious 7

hero member

Activity: 2842

Merit: 641

https://duelbits.com/

The price of USDT on Coinmarketcap currently $ 1.01 tends to go up a little but I think buying USDT would be better than holding fiat-USD money, honestly buying USDT would be very easy if you are in other transactions or trades, in crypto there must be a lot of people who have chosen USDT as a stable money even though sometimes the price is slightly different.

Annisa_crypto

member

Activity: 128

Merit: 13

Quote from: desticy on November 14, 2019, 08:54:56 AM

This guy says smart things. The problem is that USDT is not a fiat currency, but only represents it like any stable coin of this type.
The Bitfinex exchange is responsible for USDT, however, this exchange has a lot of attention from the law and regulators, which is not very good.

I advise you to study all possible stable coins, you can start with this topic.

https://bitcointalksearch.org/topic/stablecoin-comparison-and-opportunities-4318735

Thank you for your advice. I will definitely read about all stable coins and meanwhile if it is possible I will try to buy some of it.

mk4

legendary

Activity: 2716

Merit: 3817

🪸 NotYourKeys.org 🪸

Quote from: acdc on November 14, 2019, 09:08:24 AM

USDT is the dollar of the cryptocurrency market, it is pegged to the real dollar so it has a very small difference from the real dollar.

Well, it should be pegged to the real dollar and should be backed by real US dollars. They've been denying the accusations of them being solvent for months and months, and then.. suddenly then needed an IEO to cover the "inaccessible" funds https://www.theblockcrypto.com/post/22413/the-bitfinex-ieo-how-did-we-get-here

crairezx20

legendary

Activity: 1638

Merit: 1046

If your plan is to buy USDT better buy now before the price increase a bit it sometimes increases in value if the price of crypto drop based on my observation.

Can you share with US if what is your plan why you want to buy USDT? is it for trading purposes?

If you are going to trade I suggest you trade in Binance and buy some BNB to get less fee when trading.

acdc

sr. member

Activity: 939

Merit: 256

USDT is the dollar of the cryptocurrency market, it is pegged to the real dollar so it has a very small difference from the real dollar. USDT is a place where people often hide while the market plummets, USDT also has many exchange markets with many different coins.
You can buy USDT on most exchanges today, the way to buy is also very simple, you just need to create an account, then deposit and buy.

desticy

sr. member

Activity: 1512

Merit: 292

www.cd3d.app

Quote from: mk4 on November 14, 2019, 07:57:46 AM

Why are you planning on buying USDT in the first place? When you're holding USDT, you're trusting Bitfinex that the value will stay $1, which I really don't suggest doing. They've been pretty shady for a while now so I personally wouldn't hold USDT for more than 24 hours. If holding actual USD is not possible for you, I'd trust other stablecoins like PAX and TUSD instead.

Do you due diligence as always.

This guy says smart things. The problem is that USDT is not a fiat currency, but only represents it like any stable coin of this type.
The Bitfinex exchange is responsible for USDT, however, this exchange has a lot of attention from the law and regulators, which is not very good.

I advise you to study all possible stable coins, you can start with this topic.

https://bitcointalksearch.org/topic/stablecoin-comparison-and-opportunities-4318735

coupable

hero member

Activity: 2338

Merit: 757

Another problem with USDT is that it helps you freeze your balance within the exchange but can't easly withdraw it; i remember see Tether under Omni [btc blockchain] so you can withdraw it into an Omni wallet, and another under Ethereum blockchain. The two coins are USDTether and can be stored, but it would not be an easy task looking for exchange that accept your storage in Tether, depends on its Kind.
I don't know if the two kinds of Tether are exchangeble each to other, as i don't also know how to know Tether in your exchange belongs to which wallet, omni or eth. So i can't trust Tether as i can't store it safely out of the exchange who made it.
Just now, i realise there are more stable coins. But the problem remains the same as it's always created, hosted, manupilated (probably) by its exchange creator.
I would also like to know why you want to buy Tether at first place.

Pmalek

legendary

Activity: 2730

Merit: 7065

Farewell, Leo. You will be missed!

USDT is probably the most popular stablecoin. There is a lot of controversy around it but it is still widely popular.
In addition to what mjglqw suggested you can also check out DAI (Ethereum based) and USDC from Coinbase.

mk4

legendary

Activity: 2716

Merit: 3817

🪸 NotYourKeys.org 🪸

Why are you planning on buying USDT in the first place? When you're holding USDT, you're trusting Bitfinex that the value will stay $1, which I really don't suggest doing. They've been pretty shady for a while now so I personally wouldn't hold USDT for more than 24 hours. If holding actual USD is not possible for you, I'd trust other stablecoins like PAX and TUSD instead.

Do you due diligence as always.

Topic: USD vs USDT - page 2. (Read 348 times)