Topic: Usdt is here for reason (Read 266 times)

Maybe you forgot that stable coins are still the best in this bear market. At least you can easily swap your other coins to stable coins so you can buy at good rate when the market goes bear. I know some stable coins have much promises that most can not be fulfilled but they are still adopted due to volatility of the market. You may seems to dislike their uses but they can be a safe ground doing market fall.

Yes of course it is here for a reason and that is to secure the value of our unstable cryptos but I don't really think there is a strong connection between usd and usdt in terms of power. They can make usd more powerful but in the crypto world, usdt is not the strongest but there are more cryptos that are stinger than usdt and what is the connection of military for having a strong currency?

I think to have a strong currency, a country must have a strong economy first. The dollar didn't get weaker but in fact usd is still the world's reserve currency. If there is a currency that got weaker lately then that would only be the Russian ruble, we already know why.

It's a media of transaction so it will very helpful for all over the whole world cause all world wants democracy does not want one-man army direction mass people needs democracy so USDT will help for Fear transaction this section.

This sounds to me like one of those "Newbie" Crypto traders that invested in a Alt coin and then he/she think that they can post something on Social media and this will influence other people to invest in that too.... pushing up their tokens value, but that only work for people like Elon Musk! 

The reality is .... All Stable coins are shit.... and backed by promises that cannot be proven. So people invest in them, because they are less volatile ..and supposed to be a safe bet. 

Dude, that is not called as stealing, that’s called as imposing court orders on your wallet or anyone whose in the possession of USDT for example.

You do understand what federal restriction mean right? Moreover they are able to do this because tether is not decentralised which means the company is properly under regulation and surveillance of feds. If they see a stone with fowl activity they gonna turn it on the company at any time. That’s why USDT is little bit shaky coin.

If you really care much about it then you can simply put money in your bank account for your safety.

That's true stable coins like USDT or BUSD are nothing but most people just use them to store assets temporarily,
even so the existence of stable coins is indeed as you say that it is very necessary and useful for sure,
many people already believe because it will be safe to keep it there

Stable coins are usually very much needed by traders, especially for those who trade short term, so the presence of stable coins like USDT is very much needed. indeed the purpose of this coin is not for investment, but to temporarily store our assets so that their value remains the same before we decide to buy coins or withdraw them into fiat currency. and until now usdt is the oldest and most trusted stable coin, judging from its market capitalization

There's no need to keep it for long term since it will not have any difference in value unlike if they will put it in bitcoin and any other coins. It is no different in bank protocols and rules, what good in it only is for short term if we don't want to trade in a certain days we can leave it their without the risk of volatility of the market provided it is not too much that can cause account freeze. It is indeed created for a reason of being a stablecoin in this too volatile market but not as investment purposes that we expect to increase in value in time.

The reason why rather was created years ago is because fiat on ramps are difficult and it was to make it easier to send and receive USD with crypto exchanges.

Right now most exchanges have many coins and tokens but in the past usually the larger exchanges only had some mid cap coins and large cap coins. If you wanted to trade small cap or more mid cap coins you were out of luck.

So by using tether you can just deposit to a exchange like binanace which has many alts and trade it there instead of having to deal with US wire by banks.

The usual question for these stablecoins is how true is their USD backing for this stablecoin? For those who can remember, USDT team itself admitted way back in 2019 that they were not fully backed by USD assets. So now, do you think they are already saying the actual truth about their backing of assets. Based from their circulating supply,  they have about $82.5B coins, it means they have the same USD assets. That's a huge amount of money. Also, they can also freeze their assets if they need to. USDT is good maybe for short-term holding to avoid the volatility of the market. But for long-term, I believe it is not so secure.

All existing USDT, USDC, ADA and other “Stablecoins”, which are allegedly provided by the “ghost of money” buried in unknown places, are no different from Fiat and whose action can be terminated at any time, since they are manually controlled and someone is personally responsible for their release.

Lol dude, nobody is even asking you for an advice here, so what makes you think that anyone here is going to be paying $50 to $100 to give them any advice? I would rather keep investing my money in bitcoin than investing it in the USD. Bitcoin is going to be more profitable for me than USD. Fiat is an inflationary currency, and over the years it’s going to lose value, while Bitcoin would keep growing.

And it seems you don’t know that it is not the whole of Europe that is at war, because I don’t why you’re saying that Europe is at war. The only countries that have been on conflict are Russia and Ukraine, although Europe has been backing Ukraine by sanctioning Russia, but EU hasn’t been the only one sanctioning Russia, Even the US and some other countries has done the same.

That is it, I hardly even make use of the USDT. Not only is it being controlled by the officials, but it is also not hundred percent backed by the USD. There have been other stable coins which I prefer to buy than the USDT, such as the BUSD and DAI (which a lot of people likes for being decentralized).

But, all these stablecoins, none of us really hold it as an investment, it’s just for trading. USD might be the strongest currency in the world, but it loses value, as it has done over the years and especially during the pandemic due to lots of printing, and stablecoins paired to it are also the same. So they are just temporary, because they are used for trading or if you feel like you want to convert and store in the USD.

You could've just started with this tbh,in that case you should move your thread to the lending section (you may get red tagged along the way)

It all comes down to a simple dilemma OP and if you can change my mind about it maybe I'll believe that what you're saying about USDt is true.

I have $100k in cash and I'm thinking of investing and also saving my money from inflation. My main goals are security profit and total control over my money.
Cash gives me security and control but depreciates in value, can be damaged in a natural disaster, can burn, can be lost if drunk fuel truck driver hits my house or something
Why would I choose to hold USDt instead of BTC when BTC is better on every level?

What's so special about USDt? It doesn't grow in value, it's not decentralized, not safe from defaulting, I can't buy anything with it and most random people won't even know what I'm trying to sell them. Bitcoin on the other hand is already a recognized name, a well known brand.

USD derives its strength from the strength of the United States, but it is linked in one way or another to oil, and therefore the increase in oil prices may make the dollar weaker, which is what will happen if any economic sanctions are imposed on the oil and gas sector in Russia.

USDT is a much worse currency than USD, it is centralized and backed by a company, and therefore if any crisis occurs in that company, it may lose its value.

• There aren't enough assets to back it up and so it all depends on trusting an unknown company.
• USDT is down about a third of its value ( 1 USDT equal to 0.7 USD) and is therefore not always 1 USDT== 1 USD
• There are many other stablecoinss that are much better supported than USDT as USDc, DAI

USDT have a good liquidity and low fees on torn exchange but this will change within 5 Years.

Everything he says seems to be saving us with USDT, but it's not. You are too confident about bullshit things. After all, who would give $50 for this advice? sorry in this case individual freedom especially ours comes first. It's not that I don't take your advice, it's just far-fetched to think that nothing is more perfect than USDT.

That's the point, they can "steal" it for whatever reasons they want and they can make it look perfectly legal no matter how you want. They control the data behind your account and so if they deem that they could take it, then they would, easy as that.

Yea I don't know what kind of dumbass fantasy world you're living in but it doesn't work that way, at least not anymore. Maybe go back to idk, thousand years back? Not really sure, but yea, it doesn't work that way nowadays.

Cryptocurrencies are decentralized but not all, there are many that are not completely decentralized but still better, but tether is the worst among all as it is far from decentralized currency, it is completely a currency that is centralized. It is worse than USD because it is backed by USD. Government can tell tether to stop operation. Tether can freeze any coin even on noncustododial wallet. There are many stable coins that are existing but I do not know the reason most people are still preferring to choose tether which is the worst among stable coins.

It has to be person hand who does it not computer
For me it means someone took my money.
If my local bank freezes my funds i take it as its stealing
Its stealing if i put my money in one place then its not there later then its stolen if we allow this things its anarchy anyone say to me i just took ur money then my next answrre is good punch to face and then asking double ammount what was taken
My friends dont argue they just use hands and after will be reinburse and apoligize world is small and if you own money u cant hide for ever.
Every business every banks and corporations have the owners and addreses locations of offices

Thief can only steal from soft people when they see tough guys they pay them fast and its not problem for them pay look from how many people they steal for they relax time no problem they will from other soft people money its always like this.

Think men u lose like 100k+ and u dont do nothing??
Sure real person will do find who stole and he pay double thats rule in life double from thief

You're praising USDT a bit too much as if it doesn't have all the problems that it has. You do realize that USDT is just slightly better just because it's tokenized? Because the authorities can just order Tether(the company) to freeze USDT on your wallet if they wanted to, just as how your local bank can freeze your funds.

1. USDT isn't backed with 100% USD or Federal Reserve, we don't know what does other component from Tether.
2. USD going inflated every year, this mean USD power to purchase always decrease.
3. In this space we shouldn't trust anyone, means my investment doesn't depends on your advice.
4. What the hell you ask for $50 and $100? You're talking non sense and useless guide.

As we know biden priority is to make usd strong again.
To keep currency strong the host country of currency need strong military.so 2022 will be year usa can show again how powerful is usa military and it gives confidence to usd currency again.
The usdt is here for reason world will need to use USDT standard usdt will have strongest purache power soon.
Usa dollar is going to be very strong year 2022 so you can literally buy all the currencies.
As we know usdt and stable coins created from FED and they are also controlled by fed.

Euro currency will have big trouble and those who have access to usdt as we go in USDT standard those will do fine.
There is plan to turn europe in war zone therefore also european people will face on with bank runs and 20-40% mortgace home rates rise but first instant euro fall down best way to protect yourself is USDT most liquid
Usdt and wide used around the world was created by usa fed and china and switzerland justin sun as tron will be one of strongest new world central bank. Everything is for reason but usdt is safe heaven for rich people even wealthy people in russia all are prepared with USDT ,USDC,PAX,DAI

The biggest problem with people they dont want to listen what they need to know but times we are right now we need to know.
People who have banking financial or economic degree you can put your degree in toilet if you dont know those things i mentioned here !

My next advice will cost you 50 usdt its small money but it can save your life. And if u complain ill ask 100$ to give you advice.