Usdt is safeheaven and usdc | Bitcointalksearch.org

Silberman

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Quote from: magneto on March 05, 2022, 05:59:11 PM

Quote

And usdt and usdc not the usa dollar so they not related to any country currency.

Well, this is untrue.

The value of USDT and USDC is solely dependent on the actual USD value, which is obviously in perennial decline.

Unless you have a good reason to demand fiat exposure, these are not safe havens by any means. Sure, it can counter volatility in the short run, but you no longer have the ability to hedge against a fiat collapse.

Not only they offer no additional protection but they offer even greater exposure against several other risks, after all if I were to guess which could happen first between the collapse of the fiat system or the collapse of a private company which backs their tokens with fiat, I will assume the second option is the most likely out of the two, so if the fiat system collapses then you lose whatever money it was invested in those stable coins anyway, but if the company which created those coins collapses first while the fiat system is still in place, then this means holding those coins is even worse than holding fiat, as the risk of losing our money is even higher.

mdzahed134

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Quote from: manok jepang on March 05, 2022, 11:56:30 AM

it is undeniable that USDT is one of the most secure stablecoins, but this coin can't give you profits like BTC, ETH, and BNB, but at least USDT can protect your assets from depreciating in value caused by their decline market price, I think if you want to invest in the long term it's best to avoid stablecoins.

That's not true, even USDT is more risky than DAI and USDC when you will see to compare about security issues. Because USDT is decentralized network, So they have access/control to freeze your coins and they can anytime, How do you say it's a most secure stable coin? For long term investment in stable coins, have to make sense. It’s can be used for short term when market will bearish.

magneto

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Quote

And usdt and usdc not the usa dollar so they not related to any country currency.

Well, this is untrue.

The value of USDT and USDC is solely dependent on the actual USD value, which is obviously in perennial decline.

Unless you have a good reason to demand fiat exposure, these are not safe havens by any means. Sure, it can counter volatility in the short run, but you no longer have the ability to hedge against a fiat collapse.

dothebeats

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USDT and USDC are not safe havens. You would be a fool to believe that your funds are safe if you lock them into USDT and USDC. There are companies issuing them that reserves the right to seize your funds if and when they want to. The value of their coins are also not always a guarantee, because if something happens to the company, the stablecoins are also affected.

I would not keep my coins on the form of these stablecoins for an extended period of time. It's risky, and not really doing much for me compared to when I keep them in bitcoin.

SirLancelot

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Quote from: 325btc on March 04, 2022, 09:09:58 AM

Usdt and usdc not volatile and you can send them fast and cheap.
And usdt and usdc not the usa dollar so they not related to any country currency.
Dollars been just used some part of it to print and mint stable usdt.

Bitcoin not good as safeheaven as one day it goes up other day low.
Gold is also bad as you cant move this around the world and its volatile price can go down.

One thing...just we dont need regulations over crypto we need privacy only second point dont let anyone to freeze your usdt this is stealing anyone who justify that are crooks also.

The volatility is not store value it good only for the speculation like it is the gold and btc and other volatility coins.

If there is more privacy between them then that will be btc not usdt because usdt was related to usd or to the banks so we can assume that it is centralized. Usdt can be a safehaven for you because it is more stable than btc but not for us. for us, only btc is the crypto that can be considered to as a safe haven due to its robustness.

Don't know about usdc but AFAIK usdt is under the etherium network so transactions with it are not cheap but it's actually pretty costy. You said bad stuffs to gold where infact gold is much better than stable coins because of its volatility where you can earn some profits with it although I think gold is also a government owned. Btc is still the way to go.

MAAManda

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Quote from: 325btc on March 04, 2022, 09:09:58 AM

Usdt and usdc not volatile and you can send them fast and cheap.
And usdt and usdc not the usa dollar so they not related to any country currency.
Dollars been just used some part of it to print and mint stable usdt.

Bitcoin not good as safeheaven as one day it goes up other day low.
Gold is also bad as you cant move this around the world and its volatile price can go down.

One thing...just we dont need regulations over crypto we need privacy only second point dont let anyone to freeze your usdt this is stealing anyone who justify that are crooks also.

The volatility is not store value it good only for the speculation like it is the gold and btc and other volatility coins.

Usa is ahead of everybody now as they have USDT whoever made USDT is genius its best you can have private currency in your wallet and it has value.

Did you know that Stablecoins are minted with real asset collateral? which means if Tether wants to mint 10$USDT, they have to provide 10USD to do that. And as we all know that FIAT is not a safe place to store assets, because there will be inflation.

So even if you think stablecoins are good assets for storage, that's really not true. Personally, I will always prioritize Bitcoin (BTC) or Gold because it is a store of value.

manok jepang

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it is undeniable that USDT is one of the most secure stablecoins, but this coin can't give you profits like BTC, ETH, and BNB, but at least USDT can protect your assets from depreciating in value caused by their decline market price, I think if you want to invest in the long term it's best to avoid stablecoins.

zasad@

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https://daistats.com/#/overview
If we talk about reliability, then I would look at these statistics. Any user can check this data and make sure it's true.

Or you can trust these reports
https://www.centre.io/usdc-transparency

If you write similar data about USDT, then I will give you merit.

riskarcher

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Yeah USDT is the safest asset but not as valuable as Gold, BTC and Stocks. We also need a large amount if you want to make a profit. even though assets are not volatile but USDT or USDC can be hacked to be stolen if we don't store them in a safe wallet because the system used by Decentralize, no one guarantees your assets are safe if you don't protect your assets properly different with bank

danherbias07

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Yeah right, thank you. You can calm down now.
Why would I store USDT if I could just get my hands with USD itself, in paper, cash.
IMO, USDT has only its good usage for trading and that is to protect yourself from recent pumps or dumps. Before it was the worry of many traders because they cannot hide when trading Bitcoin to altcoin. There are instances where both will be dumped so you really gained nothing.
USDT is the solution for that problem but keeping it as an investment is not wise. Much better use the banking industry.

Zotak337

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Gold and BTC can be use as real store of value if you want to keep them for long term but for quick spending stable coin is a good alternative still you need to choose the right stable coin, I prefer BUSD it's centralized but more transparent than USDT.

Similificator

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Look man, I know you have a good intention for posting this and that is to help but I suggest that you really study your facts very well before even posting such information like this since it is very misleading for the newbies out there that are not yet aware of most of the things and are in this forum with the intentions to learn more. Please be more careful from now on and research more. And while you're at it, it would be a good start for you to take a good look at the responses you got since there are quite a few informative responses before this one that can help you correct such assumptions.

Coyster

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Quote from: 325btc on March 04, 2022, 09:09:58 AM

Bitcoin not good as safeheaven as one day it goes up other day low.

Bitcoin is not a safe-haven asset, at least not yet, but its volatility would always favor its users in the long run, you're well aware that Bitcoin is a long term investment, and not minding some plunges/correction phases, it would always rise up and generate returns for its investors that are patient. Mind you also that Bitcoin is decentralized and as long as you store your coins in a non-custodial wallets and pay particular attention to your security, your funds are safe, no one can basically just lock your funds as is possible with centralized coins. Having said that, USDT is very risky, and i would not go over the risk concerns again as many users above have done that already, it is clearly not a safe-haven asset, and one would be a whole lot better hodling either Bitcoin, gold or even the USD itself that it.

Taskford

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Quote from: Jackl87 on March 05, 2022, 08:43:20 AM

Quote from: 325btc on March 04, 2022, 09:09:58 AM

Usdt and usdc not volatile and you can send them fast and cheap.
And usdt and usdc not the usa dollar so they not related to any country currency.
Dollars been just used some part of it to print and mint stable usdt.

Well i definitely agree that stablecoins are really great as a safehaven to "park" your profits once you sold another crypto project and that way you always have it available if you want to make a fast transaction because you quickly want to invest into a project that looks promising to you. If you would have to move your profits to FIAT all the time then you would have to make a bank transfer first which takes at least 1 day and then the opportunity of a great investment could already be gone.
I disagree though, that USDT and USDC are completely independent from the "real" USD. Those stable coins aim to always have the same price as the USD after all which means if the "real" USD loses value in comparison to other national currencies then USDT and USDC also lose value.

We can see their importance especially by know that we are experiencing a heavy market movements which is so unpredictable and even expert don't know if we can see more worse from its current situation or not. That's why for now I'm securing my assets and park it on USDT for a while maybe will do some action once Ukraine and Russia will end up their non sense war.

Jackl87

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Quote from: 325btc on March 04, 2022, 09:09:58 AM

Usdt and usdc not volatile and you can send them fast and cheap.
And usdt and usdc not the usa dollar so they not related to any country currency.
Dollars been just used some part of it to print and mint stable usdt.

Well i definitely agree that stablecoins are really great as a safehaven to "park" your profits once you sold another crypto project and that way you always have it available if you want to make a fast transaction because you quickly want to invest into a project that looks promising to you. If you would have to move your profits to FIAT all the time then you would have to make a bank transfer first which takes at least 1 day and then the opportunity of a great investment could already be gone.
I disagree though, that USDT and USDC are completely independent from the "real" USD. Those stable coins aim to always have the same price as the USD after all which means if the "real" USD loses value in comparison to other national currencies then USDT and USDC also lose value.

cabron

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Quote from: asyakashi on March 05, 2022, 04:13:17 AM

Quote from: 325btc on March 04, 2022, 09:09:58 AM

Gold is also bad as you cant move this around the world and its volatile price can go down.

You are wrong with this, gold will tend to go up even though it can go down however gold is a real future money and alternative if financial technology becomes extinct.
When compared to currencies such as USD or in the form of cryptocurrency USDT, I believe this currency will soon be inflation and tend to continue to experience a decline in value in goods.
Whereas gold has a solid price, and some of the richest people in the world I believe have been saving gold for a long time because technology can easily become extinct.
Pure gold is the result of nature so that if one day there is a technological extinction, only gold is what we trade, of course when this happens the value of gold will beat all currencies, even USDT today.

Gold is too volatile so not stable

Nothing can be seen as safe heaven if you consider the volatility and stability because none including BTC. But if you only look at seizing of funds, you might just look into BTC. For hedging against the volatility is where the stablecoins that you mentioned.

There are several angles to look at it so which one are you trying to avoid is what you are going to be putting your money on. I personally like stablecoins but storing them on a private wallet is not something I would like to do. Rather want them on exchanges and trade at the right time.

bamb

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Usdt and Usdc are only useful in cryptocurrency as I have not been able to use it outside of crypto! The volatility of cryptocurrency does not affect stable coin but Stable coin have their own issue as well!
The risk of holding a stable that is not back by anything other than paperwork and unverifiable bank account balance is higher more than holding bitcoin! I think nothing is 100% safe heaven!

gurunanakji777

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Yes, it's not related to any country's currency even people use this as a stable coin. Nothing is safe hackers can hack anything I believe. To stop the scamming we need regulation. We all have a different opinion on this matter. I don't want to hide anything so KYC does not matter to me. I want this market should be secured and it can happen only when the regulation happens. I would also suggest its better to keep your money in US dollars rather than USDT or USDC if you don't plan to use it instantly because in long term we can not trust these stable coins also US $ is the best option and you can convert in cryptos anytime whenever you want.

asyakashi

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Quote from: 325btc on March 04, 2022, 09:09:58 AM

Gold is also bad as you cant move this around the world and its volatile price can go down.

You are wrong with this, gold will tend to go up even though it can go down however gold is a real future money and alternative if financial technology becomes extinct.
When compared to currencies such as USD or in the form of cryptocurrency USDT, I believe this currency will soon be inflation and tend to continue to experience a decline in value in goods.
Whereas gold has a solid price, and some of the richest people in the world I believe have been saving gold for a long time because technology can easily become extinct.
Pure gold is the result of nature so that if one day there is a technological extinction, only gold is what we trade, of course when this happens the value of gold will beat all currencies, even USDT today.

batang_bitcoin

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Quote from: 325btc on March 04, 2022, 09:09:58 AM

Usdt and usdc not volatile and you can send them fast and cheap.

Not cheap when you choose the wrong protocol like in ERC20. It's true that choosing the right network or protocol makes them cheap but there's also the fact that it's expensive if it's erc20. But as of now, seems like things are in favor of everyone that the fees have been dropping for ethereum network.

Quote from: 325btc on March 04, 2022, 09:09:58 AM

Bitcoin not good as safeheaven as one day it goes up other day low.

No, it's the safe haven if you are for the long term. There's more investors that are putting their money in bitcoin and understands the risk of its volatility. But there goes the stable coins if you want to just keep it on its stable value.

CryptoATM

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If you have to believe in a stable coin it should be DAI because it's not centralised like USDT and USDC, these two stable coins are not even transparent and that's a red flag, I do use USDT till date but I don't trust that stable coin 100%.

diminizio

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Quote from: 325btc on March 04, 2022, 09:09:58 AM

Usa is ahead of everybody now as they have USDT whoever made USDT is genius its best you can have private currency in your wallet and it has value.

I know the US Dollar is an international currency,but it's a different story if you compare gold to USDT.
USDT is a token that comes from dollars too, but that doesn't mean USDT is the best money you can spend in cryptocurrency,
because it is a token whose gas costs are determined by the network used.
If the USDT is on the ethereum network then USDT looks difficult to use with high gas costs.
Meanwhile, if you have gold there is no transaction fee required because it must be submitted directly to the buyer.
Besides that, gold is still the best in my opinion because when the world is really in an emergency,
even technology will disappear, only gold that we can use as a transaction tool.
from there I disagree with this:

Quote from: 325btc on March 04, 2022, 09:09:58 AM

Emas juga buruk karena Anda tidak dapat memindahkannya ke seluruh dunia dan harganya yang fluktuatif dapat turun.

mk4

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Quote from: 325btc on March 04, 2022, 02:43:14 PM

Those exchangers and companies who provide stable coins hosts and wallets.
They dont want to f...k around they not intwrested to get reputation and lose customers.

Think about one issue if someone will get hurt in binance?
It will lose all customers one day so ezchangers dont want to lose customers for sure.

Surprise surprise, even if they don't want to lose customers, they'll need to freeze funds on certain wallets if the authorities tell them to. It's either they comply, or they get shut down. The choice is pretty obvious, isn't it? Sometimes you need to look at it at the issuer's perspective.

Yogee

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Looks like discussion is getting out of hand or derailed and the original poster cannot accept the fact that USDT can be frozen by the company that mints it. It is not a safe haven as you thought it would be. You should probably start searching other stable coins that are more decentralized like DAI.

325btc

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Quote from: PX-Z on March 04, 2022, 03:31:34 PM

Quote from: 325btc on March 04, 2022, 03:18:22 PM

exchangers knows that if they f..k up with one customer they will lose reputation and if the losses getting bigger some people going to very unhappy

Tell that to every exchanges coz they usually do it that you could imagine.

Quote from: 325btc on March 04, 2022, 03:18:22 PM

Maybe u dont care about if someone will steal from u ...

What kind of brain someone's have with such statement.

You talk like you came from a religious sectors, and imagining things that all kinda every people will do good. Though its good to hear that, but you should face reality.

Stablecoins being safe haven is just for crypto volatility nothing else. Talking about freedom in stablecoins, you cannot have freedom if the company behind thee stablecoins go bankrupt, freeze your holdings, their banks go bankrupt and etc.

Can imagine its end of crypto we all know that thts one thing other thing they not real thing u can mint them and as long as there is users for usdt kind of coins nothing happens with them the bankers together wall street and crypto exchangers rob us with pump and dump schemes allready so they are not interested their suckers will go away so thats why even fbi protecting exchangets.

Casinos are safe u know why ? Off course to keep good reputation to have customers.

Crypto is other good example of greedy capitalists bankers and exchangers whales and other crooks but they dont steal the way they are guilty they steal smart ways like casino.

I dont mind their casino as long as they dont f..up this another MT gox f. Style the owner definately will get pyhiscally hurt in those days as people are frutustrated someone will get face f...up thts life.
Dont we all know that dont f..k up other person money live the way you want to be treated.

The exchangets knows if customers get hurt its a anarachy thats why they even hired homeland security tp protect exchangers.

The whole point is crypto is full casino and casino want to keep it safe as possible for suckers like we are.

PX-Z

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Quote from: 325btc on March 04, 2022, 03:18:22 PM

exchangers knows that if they f..k up with one customer they will lose reputation and if the losses getting bigger some people going to very unhappy

Tell that to every exchanges coz they usually do it that you could imagine.

Quote from: 325btc on March 04, 2022, 03:18:22 PM

Maybe u dont care about if someone will steal from u ...

What kind of brain someone's have with such statement.

You talk like you came from a religious sectors, and imagining things that all kinda every people will do good. Though its good to hear that, but you should face reality.

Stablecoins being safe haven is just for crypto volatility nothing else. Talking about freedom in stablecoins, you cannot have freedom if the company behind thee stablecoins go bankrupt, freeze your holdings, their banks go bankrupt and etc.

325btc

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Quote from: PX-Z on March 04, 2022, 02:52:54 PM

Quote from: 325btc on March 04, 2022, 02:43:14 PM

Think about one issue if someone will get hurt in binance?
It will lose all customers one day so ezchangers dont want to lose customers for sure.

Hurt by what? by freezing their accounts or freezing user's stablecoins? They will do it without exception if you are an odd fish, yet they still have many customers.

Before making decisions and making opinions regarding stablecoins and being a safe heaven, try to research more about stablecoins, its risks and its relation to freedom, because it all contradicts of what you're saying.

Person who touch others money is a thief.
World is small and person safe if he touch other people money money is seriois matter some people dont let it go easy anyways exchangers knows that if they f..k up with one customer they will lose reputation and if the losses getting bigger some people going to very unhappy and people move big enough money with usdt so the exchangers do their best to not f..k up then they lose all the customers and its a bad for crypto people will leave crypto overnight if its not going to be safe.

The exchangers knows this and thats why work hard to please customers.
At the end of the day all exchangers owners are responsble for our funds and if they hide world is small you can hire mercants military for cheap now days who will hunt down so exchange owners also knows this eveybody knows where is money there is serious responsebility.

Maybe u dont care about if someone will steal from u but dont think others will accept that.

teosanru

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Quote from: 325btc on March 04, 2022, 09:09:58 AM

Usdt and usdc not volatile and you can send them fast and cheap.
And usdt and usdc not the usa dollar so they not related to any country currency.
Dollars been just used some part of it to print and mint stable usdt.

Bitcoin not good as safeheaven as one day it goes up other day low.
Gold is also bad as you cant move this around the world and its volatile price can go down.

One thing...just we dont need regulations over crypto we need privacy only second point dont let anyone to freeze your usdt this is stealing anyone who justify that are crooks also.

The volatility is not store value it good only for the speculation like it is the gold and btc and other volatility coins.

Usa is ahead of everybody now as they have USDT whoever made USDT is genius its best you can have private currency in your wallet and it has value.

USDT is safer than USD? Even though you are right it's hard to trust any government around the world be it the government of the biggest superpower but despite that I have more trust on a central government than merely one single private exchange. Yes, you read it right, there is one single exchange, Bitfinex, which is responsible for the creation, minting & burning of USDT, they control the supply too and cater to the demand too. Moreover, the reason why they are able to maintain the stable value is that they say they have enough USD reserves to back up the currency that they have generated. So if you don't trust the USD in first place how can you trust a derivative of the USD?

PX-Z

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Quote from: 325btc on March 04, 2022, 02:43:14 PM

Think about one issue if someone will get hurt in binance?
It will lose all customers one day so ezchangers dont want to lose customers for sure.

Hurt by what? by freezing their accounts or freezing user's stablecoins? They will do it without exception if you are an odd fish, yet they still have many customers.

Before making decisions and making opinions regarding stablecoins and being a safe heaven, try to research more about stablecoins, its risks and its relation to freedom, because it all contradicts of what you're saying.

325btc

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Those exchangers and companies who provide stable coins hosts and wallets.
They dont want to f...k around they not intwrested to get reputation and lose customers.

Think about one issue if someone will get hurt in binance?
It will lose all customers one day so ezchangers dont want to lose customers for sure.

zasad@

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Quote from: 325btc on March 04, 2022, 11:31:58 AM

Quote from: zasad@ on March 04, 2022, 11:23:35 AM

Quote from: 325btc on March 04, 2022, 09:09:58 AM

Usdt and usdc not volatile and you can send them fast and cheap.
And usdt and usdc not the usa dollar so they not related to any country currency.
Dollars been just used some part of it to print and mint stable usdt.

Bitcoin not good as safeheaven as one day it goes up other day low.
Gold is also bad as you cant move this around the world and its volatile price can go down.

One thing...just we dont need regulations over crypto we need privacy only second point dont let anyone to freeze your usdt this is stealing anyone who justify that are crooks also.

The volatility is not store value it good only for the speculation like it is the gold and btc and other volatility coins.

Usa is ahead of everybody now as they have USDT whoever made USDT is genius its best you can have private currency in your wallet and it has value.

Usdt and usdc are completely insecure to store and can be blocked
Stablecoins and Blacklists
https://bitcointalksearch.org/topic/stablecoins-and-blacklists-5247581

I recommend reading:
Tether Papers: This is exactly who acquired 70% of all USDT ever issued
https://protos.com/tether-papers-crypto-stablecoin-usdt-investigation-analysis/

Manipulation is not my problem.
What i want is privacy and stable value.
Thats it and its good to use everywhere who ever disturb stable coins users are enemy of freedom.
Also those ones who say they can freeze ur coins.
Usdt is good thing created please dont f... it up like everything are f...messed up in this world.

I use these stablecoins and am not their hater. I try to warn users about hidden information, because many do not know this. I encourage people to diversify, but most of my stablecoins are DAI. If you read the legal agreements of these companies, you will understand that they are not required to maintain the prices of these tokens at the level of 1 token = 1 dollar.

mk4

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Quote from: 325btc on March 04, 2022, 11:31:58 AM

Also those ones who say they can freeze ur coins.
Usdt is good thing created please dont f... it up like everything are f...messed up in this world.

Why are you speaking as if that it was our choice/decision that both USDC and USDT can be frozen lol? If you'd ask me then jeebus I'd really LOVE these stablecoins to be totally censorship resistant, but no — because these stablecoins are totally centrally controlled by companies(Bitfinex for USDT and Circle for USDC).

Silberman

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Quote from: 325btc on March 04, 2022, 11:31:58 AM

Quote from: zasad@ on March 04, 2022, 11:23:35 AM

Usdt and usdc are completely insecure to store and can be blocked
Stablecoins and Blacklists
https://bitcointalksearch.org/topic/stablecoins-and-blacklists-5247581

I recommend reading:
Tether Papers: This is exactly who acquired 70% of all USDT ever issued
https://protos.com/tether-papers-crypto-stablecoin-usdt-investigation-analysis/

Manipulation is not my problem.
What i want is privacy and stable value.
Thats it and its good to use everywhere who ever disturb stable coins users are enemy of freedom.
Also those ones who say they can freeze ur coins.
Usdt is good thing created please dont f... it up like everything are f...messed up in this world.

If you do not want to hear the warning that is up to you, without a doubt those coins are convenient which is why stable coins are so popular in the market, but make no mistake they are incredibly risky, it is just the risk is hidden, as an example lets compare gold and gold certificates, which one do you think it is more risky? And the obvious answer is gold certificates, why? Because with physical gold you are only taking the risks that are inherent to gold, but with gold certificates you have all of those risks but you have additional risks like the financial institution where you bought those certificates being unable to fulfill the promises of those certificates, and the same is true for fiat currencies and stable coins.

325btc

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Quote from: zasad@ on March 04, 2022, 11:23:35 AM

Quote from: 325btc on March 04, 2022, 09:09:58 AM

Usdt and usdc not volatile and you can send them fast and cheap.
And usdt and usdc not the usa dollar so they not related to any country currency.
Dollars been just used some part of it to print and mint stable usdt.

Bitcoin not good as safeheaven as one day it goes up other day low.
Gold is also bad as you cant move this around the world and its volatile price can go down.

One thing...just we dont need regulations over crypto we need privacy only second point dont let anyone to freeze your usdt this is stealing anyone who justify that are crooks also.

The volatility is not store value it good only for the speculation like it is the gold and btc and other volatility coins.

Usa is ahead of everybody now as they have USDT whoever made USDT is genius its best you can have private currency in your wallet and it has value.

Usdt and usdc are completely insecure to store and can be blocked
Stablecoins and Blacklists
https://bitcointalksearch.org/topic/stablecoins-and-blacklists-5247581

I recommend reading:
Tether Papers: This is exactly who acquired 70% of all USDT ever issued
https://protos.com/tether-papers-crypto-stablecoin-usdt-investigation-analysis/

Manipulation is not my problem.
What i want is privacy and stable value.
Thats it and its good to use everywhere who ever disturb stable coins users are enemy of freedom.
Also those ones who say they can freeze ur coins.
Usdt is good thing created please dont f... it up like everything are f...messed up in this world.

zasad@

legendary

Activity: 1932

Merit: 4602

Buy on Amazon with Crypto

Quote from: 325btc on March 04, 2022, 09:09:58 AM

Usdt and usdc not volatile and you can send them fast and cheap.
And usdt and usdc not the usa dollar so they not related to any country currency.
Dollars been just used some part of it to print and mint stable usdt.

Bitcoin not good as safeheaven as one day it goes up other day low.
Gold is also bad as you cant move this around the world and its volatile price can go down.

One thing...just we dont need regulations over crypto we need privacy only second point dont let anyone to freeze your usdt this is stealing anyone who justify that are crooks also.

The volatility is not store value it good only for the speculation like it is the gold and btc and other volatility coins.

Usa is ahead of everybody now as they have USDT whoever made USDT is genius its best you can have private currency in your wallet and it has value.

Usdt and usdc are completely insecure to store and can be blocked
Stablecoins and Blacklists
https://bitcointalksearch.org/topic/stablecoins-and-blacklists-5247581

I recommend reading:
Tether Papers: This is exactly who acquired 70% of all USDT ever issued
https://protos.com/tether-papers-crypto-stablecoin-usdt-investigation-analysis/

Moneyprism

member

Activity: 454

Merit: 10

Quote from: 325btc on March 04, 2022, 09:09:58 AM

Usdt and usdc not volatile and you can send them fast and cheap.
And usdt and usdc not the usa dollar so they not related to any country currency.
Dollars been just used some part of it to print and mint stable usdt.

Bitcoin not good as safeheaven as one day it goes up other day low.
Gold is also bad as you cant move this around the world and its volatile price can go down.

One thing...just we dont need regulations over crypto we need privacy only second point dont let anyone to freeze your usdt this is stealing anyone who justify that are crooks also.

The volatility is not store value it good only for the speculation like it is the gold and btc and other volatility coins.

Usa is ahead of everybody now as they have USDT whoever made USDT is genius its best you can have private currency in your wallet and it has value.

do you really believe in such stablecoins? who often manipulate their supply and are not transparent? how can you be sure that 1 USDT/USDC is actually backed by 1 USD? you should do your research first before issuing this statement because USDT and USDC in my opinion are not safeheaven.

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Quote from: 325btc on March 04, 2022, 09:09:58 AM

Gold is also bad as you cant move this around the world and its volatile price can go down.

Gold price CAN go down or up, USD value is going only in one direction and it is down. And now, during high inflation is loosing ~10% annually and nothing shows it will stop anytime soon. So if you define an asset that will lose 90% of purchaing power in next 10 years a safe-haven ... for certain ... without any possibility of going up ... I dont know what's not a safe-haven for you.

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Quote from: 325btc on March 04, 2022, 09:09:58 AM

Usdt and usdc not volatile and you can send them fast and cheap.
And usdt and usdc not the usa dollar so they not related to any country currency.
Dollars been just used some part of it to print and mint stable usdt.

This is false.

USDT and USDC are not safer than USD (US Dolar), they are even riskier.

Each USDT/USDC is supposed backed up by a USD, but you can't really be sure. It is much safer to hold USD directly than some stable coin backed by it.

Quote

Bitcoin not good as safeheaven as one day it goes up other day low.
Gold is also bad as you cant move this around the world and its volatile price can go down.

USD can also go down. It just lost 7.5% value last year to inflation.
In long term, that inflation is not irrelevant:

https://howmuch.net/articles/rise-and-fall-dollar

BTC volatility can be your friend. THere is no way to have a safe haven without volatility.

325btc

jr. member

Activity: 224

Merit: 5

Usdt and usdc not volatile and you can send them fast and cheap.
And usdt and usdc not the usa dollar so they not related to any country currency.
Dollars been just used some part of it to print and mint stable usdt.

Bitcoin not good as safeheaven as one day it goes up other day low.
Gold is also bad as you cant move this around the world and its volatile price can go down.

One thing...just we dont need regulations over crypto we need privacy only second point dont let anyone to freeze your usdt this is stealing anyone who justify that are crooks also.

The volatility is not store value it good only for the speculation like it is the gold and btc and other volatility coins.

Usa is ahead of everybody now as they have USDT whoever made USDT is genius its best you can have private currency in your wallet and it has value.

Topic: Usdt is safeheaven and usdc (Read 306 times)