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Topic: USDT keeps getting better - page 4. (Read 765 times)

jr. member
Activity: 420
Merit: 1
April 15, 2021, 12:32:57 PM
#33
Yes it is.
Its the safest place where yoyr assets are completely safe from fluctuations of the market.
Its better to convert your assrts in to usdt while a bull market is about to end any time.
So usdt is the best option to ensure the Safety of your assets.
sr. member
Activity: 1582
Merit: 264
Next Generation Web3 Casino
April 15, 2021, 10:46:19 AM
#32
What is the best network for usdt?  People say use tron because its cheaper than eth right?
As far as I know there is Ethereum, Tron and Omni network for USDT.  Of these, USDT transaction fee is lowest and speed is higher in Tron network. So I think Tron network is the best network for USDT.
full member
Activity: 826
Merit: 105
April 15, 2021, 10:36:33 AM
#31
I like Tether, every time they print more money, the crypto market continues to increase in value after a while. Tether has been printing a lot of money since March 2020, their market cap has surpassed 30 billion dollars today, Tether's daily trading volume of today is 145 billion dollars (topping volume of delivery translation on coinmarketcap). Tether has been a transparent stable since they successfully settled the lawsuit in March. I am confident that Tether will continue to help prop up Bitcoin and the entire market in the future.
legendary
Activity: 2030
Merit: 1189
April 15, 2021, 10:11:00 AM
#30
One reason is enough to hate USDT which is centralization because they are in the complete control over the coins and they keep minting tokens from nowhere which means the coin is highly inflated.
As well as that, USDT don't yet have proof (nobody has seen this) that they have their USDT tokens backed up by real USD. This has been a problem for years

now which is why some people dislike USDT but somehow USDT still seem to get away without having to show this proof despite being asked several times already  Shocked
copper member
Activity: 1428
Merit: 253
April 15, 2021, 10:05:23 AM
#29
it is something that has to happen naturally. Polkadot is the new popular network this year. of course, getting market attention will be very important. and later the user will judge how comfortable they are.
many network options are currently being adopted by USDT. but not all of them provide a pleasant and comfortable transaction experience.
At the moment the USDT TRC20 is the most fun for me.
member
Activity: 182
Merit: 14
April 15, 2021, 10:03:54 AM
#28
One reason is enough to hate USDT which is centralization because they are in the complete control over the coins and they keep minting tokens from nowhere which means the coin is highly inflated.

You are right here. USDT is in control of over all the stablecoins. Most holders prefer to keep their funds in usdt than any other stablecoins.
Yes, it is a stable coin and HODLing it does nothing for you however just assists you survive in the bear market by converting into it. But, Problem is the owners keep printing extra whenever point they need. There some platforms give you interest in the event that you hold a portion of the stable coins for longer than a month or something like that.



Whatever extra they prints shouldn't affect anybody, USDT works for whatever reason it was built to work for and that's to pegg USD, as far as my 1$ remains 1$ I'm fine with whatever updates they pull off, this is the best stablecoin coin so far I believe
sr. member
Activity: 2156
Merit: 323
April 15, 2021, 09:58:59 AM
#27
One reason is enough to hate USDT which is centralization because they are in the complete control over the coins and they keep minting tokens from nowhere which means the coin is highly inflated.

You are right here. USDT is in control of over all the stablecoins. Most holders prefer to keep their funds in usdt than any other stablecoins.
Yes, it is a stable coin and HODLing it does nothing for you however just assists you survive in the bear market by converting into it. But, Problem is the owners keep printing extra whenever point they need. There some platforms give you interest in the event that you hold a portion of the stable coins for longer than a month or something like that.


full member
Activity: 1750
Merit: 186
April 15, 2021, 01:17:06 AM
#26
What is the best network for usdt?  People say use tron because its cheaper than eth right?
hero member
Activity: 1792
Merit: 536
Leading Crypto Sports Betting & Casino Platform
April 13, 2021, 07:43:29 PM
#25
Come think of it, looks like they are dead serious in their attempts at expansion and with that they would be able to make the stable coin grow to billions in market cap in a very short time. That will make a lot of people be suspicious of their motives but nevertheless, it is a good move to expand to more and more platforms. I am not sure what's in store with the stable coin for the next few years but I am pretty confident that USDT is here to stay.
hero member
Activity: 1834
Merit: 566
April 13, 2021, 07:17:27 PM
#24
One reason is enough to hate USDT which is centralization because they are in the complete control over the coins and they keep minting tokens from nowhere which means the coin is highly inflated.
Centralization is not always bad as long as the authority keeps everything transparency and clean. The main reason people hate usdt because of many shady activities, not because of the centralization. And even though it is criticized, you cant refuse its benefit of making cryptocurrency trading smooth.
Centralization will be bad at some point and if the authority keeps every transparency now, there's no guarantee that the system will remain the same in the future when they see that the crypto is affecting the trust and the usage of their Central Bank Digital Currency. Have you not know that's the reason why the Chinese government never support Bitcoin and the last time decentralization was among the reason why Satoshi created Bitcoin then.
hero member
Activity: 1316
Merit: 561
Leading Crypto Sports Betting & Casino Platform
April 13, 2021, 05:01:34 PM
#23
One reason is enough to hate USDT which is centralization because they are in the complete control over the coins and they keep minting tokens from nowhere which means the coin is highly inflated.
Centralization is not always bad as long as the authority keeps everything transparency and clean. The main reason people hate usdt because of many shady activities, not because of the centralization. And even though it is criticized, you cant refuse its benefit of making cryptocurrency trading smooth.
hero member
Activity: 2184
Merit: 531
April 13, 2021, 04:57:52 PM
#22
USDT is getting more expansion by going on polkadot chain and kusama combined, this means USDT isn't playing around, I know not everyone likes USDT but what could go wrong on here?
As someone using USDt just to secure your profits for a while until you move into another coin you are not risking a lot with this stable coin but don't use it as a store of value. It's not fiat money! Having USDt does not equal having USD. You're holding a company promise that they are solvent and will pay you back, you are not holding fiat even though they say so.

Quote
It's still the best stable coin I've known till date,  Wink

The biggest market cap doesn't mean the bast. They have so much because they're probably printing USDt with no backing just to have more investment possibilities. If I had the ability to make money out of thin air I'd do it and buy other things with it like gold, fiat money and bitcoin. They're probably doing the same and we won't know about it until the system collapses.
hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
April 07, 2021, 06:06:58 PM
#21
USDT is getting more expansion by going on polkadot chain and kusama combined, this means USDT isn't playing around, I know not everyone likes USDT but what could go wrong on here? It's still the best stable coin I've known till date,  Wink don't mind me if you are USDT hater 
There are many things that could go wrong, a government or a collective effort could seize USDT and they are not known to display any form of transparency and if they are seized and if you are holding the coins you have zero value and do you think it is not possible, just search about Liberty Reserve and how that stable centralized currency was seized by the actions of multiple government agencies, you will get an idea that it is possible Tongue.
legendary
Activity: 2408
Merit: 1442
April 07, 2021, 02:46:09 PM
#20
USDT is getting more expansion by going on polkadot chain and kusama combined, this means USDT isn't playing around, I know not everyone likes USDT but what could go wrong on here? It's still the best stable coin I've known till date,  Wink don't mind me if you are USDT hater   Grin, read the full news below

https://www.theblockcrypto.com/post/100614/tether-usdt-stablecoin-polkadot-kusama

Despite its sultry reputation, Tether is doing remarkably well from a marketing/tactical standpoint.

Too bad that such mistrust of users exists  Roll Eyes  (and there are reasons for this, notably the vagueness that has existed for so long around the way funds are backed up)
hero member
Activity: 2884
Merit: 579
Hire Bitcointalk Camp. Manager @ r7promotions.com
April 07, 2021, 01:54:48 PM
#19
They're expanding the protocol so that everybody can have the option to choose which is better and which has the lower fees.

I think this is very good for those who usually use USDT for their trades and usually convert into this coin. I'm not into and I know that they're centralized and can freeze addresses that have been used for illegal trades and hacking.

It's the most liquid stable coin, no doubt.
legendary
Activity: 2268
Merit: 1655
To the Moon
April 07, 2021, 01:44:33 PM
#18
One reason is enough to hate USDT which is centralization because they are in the complete control over the coins and they keep minting tokens from nowhere which means the coin is highly inflated.

Despite the centralization of USDT, which is negative from the point of view of decentralization, we see the development of this stablecoin in the cryptocurrency market. Now it would be impossible to provide liquidity using only decentralized stablecoins. Therefore, the extension of USDT to the Polkadot and Kusama blockchains is logical.
full member
Activity: 926
Merit: 100
April 07, 2021, 01:00:42 PM
#17
I think USDT is the best stable altcoin right now, I prefer this altcoin as alternative to secure the money that I have, because when other altcoins are down USDT can survive in every way, many exchanges use USDT as medium of the exchange because it provides free fees.  Transper,
legendary
Activity: 3094
Merit: 1069
DGbet.fun - Crypto Sportsbook
April 07, 2021, 11:20:14 AM
#16
USDT has became so large that noone could ignore it. The largest boost in my opinion came after it moving to tron blockchain. When the gas fees were high, ETH based stable coins like USDC and TUSD were nearly unusable while USDT provided a free transfer between exchanges and wallets. I try my best to not hold USDT and prefer BUSD but BUSD has one of the lowest coverage outside of Binance and you are left with no options.
sr. member
Activity: 1386
Merit: 250
1XBit.com
April 07, 2021, 10:56:43 AM
#15
Personally, I have nothing against USDT, and I am quite happy with the current developments. besides, it made me think of using USDT alone as a stable alternative to the coin compared to the others. although there are a lot of bad issues, I still use USDT. nice to see USDT expand.
I personally make usdt an alternative coin to secure the money that I have when other altcoins dump in the market, because like you, I also think that usdt is the best stable altcoin right now but as an investment of course usdt is not a good choice because it is Its stable movement is certainly not possible it will provide great benefits for us as traders and usually USDT will be a little more active in moving up when the price of bitcoin and other altcoins moves down because when that happens many traders will convert their assets into USDT so that demand for USDT will increase rapidly.
sr. member
Activity: 2030
Merit: 323
April 07, 2021, 10:36:22 AM
#14
USDT is getting more expansion by going on polkadot chain and kusama combined, this means USDT isn't playing around, I know not everyone likes USDT but what could go wrong on here? It's still the best stable coin I've known till date,  Wink don't mind me if you are USDT hater
Some of the people who are hating USDT are doing so because of how it is and there are some reasons why.
The first reason that some of them hates tether is that it is centralized and is not even hundred percent backed by the US dollars, but can be backed by any other assets, and some people are feeling that the USDT is heavily being pumped by the company or devs that runs it, so they feel that it is not reliable. That’s why there have been a lot of people talking bad about them as of recent. It all depends on you and what you like, if you don’t like USDT there are many other stable coins that you can be making use of and if you like it, then it’s up to you to be making that decision for yourself.
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