Topic: USDT are safeheaven (Read 344 times)

Sometimes I've seen people investing in USDT. Lol, I could never understand how someone can invest in a coin which clearly isn't going to rise is price because that's the whole point of its existence.
USDT is dangerous and useless. It's useless because if you want the value to remain more or less the same over time or slightly devalue, why bother using cryptos at all? Just keep everything in USD. It's dangerous because it's actually more risky than just keeping money in USD. The problem is that while at some point USDT team claimed that every coin of theirs was backed by 1 USD thus ensuring the stability, then they admitted that it's not quite like that and that the backup is actually in various assets. The bottomline is that there's a good chance that USDT is way less backed up than to truly ensure $1 per coin, and so in case of some info getting leaked or just some general crypto FUD with people selling the coins rapidly, it would be almost impossible for the team to keep the price stable, and the coin will devalue very fast.

Nop!!  Usdt is not going dowm its a token it does not feel the inflation.
Usdt is good to hold if real dollar will lose more value.

The value of USDT will be following USD and when it goes down and then the price for each USDT will be also going down as well. that being said that USD is equal with USDT ratio but it doesn't mean USDT can stand without the help from the value of USD. The value of USD will determine how much each USDT will worth,
the correlation between both are really strong.

usdt was only the first of this vein of altcoin but it does not distinguish itself in anything from the others, perhaps only dai is different from all the others the rest is similar to choose one or another it has no difference this does not detract from their usefulness at least to go out in the day trading

A stable value is the main advantage of USTD, so far USDT is still the most popular stablecoin among other stablecoins. Despite USDT being one of the most popular stablecoins, some people have speculated that the (Tether Limited) side doesn't actually back up any existing USDT with real fiat (USD) money. I mean, they only print USDT only. If my assumptions are correct, then the biggest risk faced is loss of assets and there is no guarantee against losses for users.
If you are a fan of USDT and still have it in your wallet, I recommend that you always monitor USDT developments to prevent big losses in the future.

AFAIK USDT is pledged by USD. If USD goes down so will be value of each USDT. I don’t think this logic is valid that even if USD goes down the value of USDT remains unchanged.

Well, if you would create only one thread you would have noticed that I have answered you already here.
As said, if you use stable coins you trust directly that the issuer really holds the dollar amount. These are all unregulated providers (with some exception, Coinbase is semi-regulated). The system as stable coins are currently set up invites abuse by the operator. Just look at the history of USDT and you know everything.

And now I stop feeding the troll.

I prefer decentralized stablecoins like DAI. What is the difference between centralized stablecoins, which include USDT and decentralized, I think everyone understands. But if I chose from centralized stablecoins, then I would choose BUSD, because I mainly trade on the Binance and the exchange provides various forms of incentives for holders that allow you to earn additional income.

most people run to USDT when BTC is going to crash, also been doing this to be able to get away from a crashing market, every time, and I never saw USDT falls below .9 USDT for me I can consider it safe in USDT, it's just my opinion, everybody has their own opinion when it comes to USDT.

How those cbdc benefits private indviduals?
Remember If nobody owns anything nobody Don't Care those things Can't function for long.

If they create Something new there should be some visible actions all ready.
With USDT we see they Invest all the dollars in USDT. 

I think thats not going to happen because the reason why governments want to create CBDC's is to counter, compete, or directly impose a replacement of cryptocurrency usages like Bitcoin, Ethereum, and many others, and because USDT and other so-called Stablecoin are all cryptocurrencies thats why in my opinion it will never be approved as a CBDC coin even in the near future.

Techically the usdt is not dollar.
Tomorrow FED can Say dollar will be devalued.
Even If the real dollar will be devalued then Everybody knows Nothing happens with USDT.
Becouse of high liquitity of USDT so it has good value.
USDT will go down only If :
Poloniex,  binance,  okex,  kraken,  and many others will shut down completely.
And it will never happend.

The USDT minting does not require any dollar existing You can Mint it on the blockchain.
So the USDT are just Independent currency with world greatest liquitity.
If one day Something happens with USDT it will damage whole crypto.
I know many retail traders who Holding on USDT most of their money If Something happens with USDT then the wallet provider or Exchanger are fully responsble and need to providde info whats going on
But its not gona happening the crypto creators and Secret satoshis the owners of crypto system are too smart they do their best to keep the crypto safe and secure becouse crypto is future of money so they protect the system with their full power.

Here is one important point:
The Dark web people are the very bad people and they use crypto wich is good for us becouse If they Trust we can Trust those guys hold therr a lot wealth one guy who I use to know was very big Person he told me the crypto is Where Every serious level bad people deal.
Well the good is that nobody Don't mess with those people and That's good If they Trust crypto we can trust those people becouse those people run all the world its not our business what they do
But only matters that If You use same system as they use it You are safe.
Becouse nobody Don't mess around with them.
So they Don't let Anything to happening with crypto If this is not their Plan.



Those are facts and think logically.

That's why its called USDT because it is stable and that's why its called Stable coin because the price stays as is.

but CBDC approval will take time i believe .

are you serious  on this? how stupid comment when this is stable coin of course like everything it will maintain the value.

If You Say against me Something bring Up some facts
If You just making me down then good luck for u
Bring some poiknts out
Otherwise Don't talk

Either the thread creator has no idea at all or he is a troll. In the Bitcoin Discussion Forum he made another post very similar to this one, see https://bitcointalksearch.org/topic/--5326499
I tend to say he is a troll, so do not feed him.

The USDT are Backed by liquitity of All over the World crypto trading.
So its Backed Better then any  asset You Can imagine.
Life is Logical process we got to look at the facts and Reality.
The USDT Don't need the dollar it can exist Even without that USA dollar.

for traders who understand the need to hedge funds against falls, usdt remains a resourceful  instrument of finance for them as they leverage on them to stay offa yo-yo market there by cutting their losses in bear seasons and also transacting with specifics.

That's true but the fact that people are still using USDT as a way to safe their money even 1 USDT is not totally backed with the 1 USD.
That being said that if people are seeing it based on the reability of token and it doesn't matter whether it's fully backed by the dollar or not and we rarely seen a problem that happened with tether, right? this may not become a good stable coin to be used as long term holders.

Regardless, for now USDT and any other stable coin are what we still result to when we have to secure our funds during any cryptocurrency transaction during the down trend of market price except where the exchanges we trade in have provision for trading with your local currencies which is also good but the problem in not having many alt pairs with your local currency and we still have to trade those pairs to any of the stable coins. 

I found an article online that suggest otherwise, that is "USDT's are not as safe as we think" . In this article, it is summarised that there are uncertainties to the claims that $1 USDT is backed up by $1 USD.


Read more here, I am certain your disposition will change
source