Usdt safe heaven - page 3. | Bitcointalksearch.org

Gozie51

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Quote from: TheNineClub on December 16, 2021, 06:01:53 PM

My advice is, don't put all your eggs into one basket.

Exactly the point and like other contributors have mentioned inflation to be the underlying factor affecting USDT. If you convert or buy your money all into usdt so you also have to remember inflation. When USDT is pegged on the dollar we have to remember that it value won't remain the same at some point when it is either fiat. So buying some crypto is still good for diversification and not to tie down money in usdt as it has advantages and disadvantages.

TheNineClub

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Oncoming economic recession? Maybe, but economists have been prophesizing a recession saying that we are due for one, but honestly if the ongoing pandemic didn't kick it in overdrive, I'm not sure what will. But if a recession kick's in, then everything will be affected by it, and that includes the almighty dollar and its crypto counterpart. My advice is, don't put all your eggs into one basket.

Voxo2222

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Quote from: paxmao on December 16, 2021, 05:11:03 PM

Superfun post. At first I just was not sure if you were joking or actually serious about your mixed set of assertions, but after some consideration I am now certain that you are making fun of the whole thing. Yep, any establecoin is purely a joke: they have all the disadvantages of fiat, additional credibility issues around being backed up by anything at all and have a history of fraud and accusations. Anyway, perhaps useful for short times to avoid tax or artificially pump bitcoin price... all very legit activities.

Fiat currency is same the bankers we all know what they do who they are...not nice guys...still you use their currency daily.
So whats ur point ? Dont talk about morals in this world all the morals are gone allready everybody who power are corrupted big time as we all know this its not something new here

Quote from: Anguwa on December 16, 2021, 05:17:31 PM

Quote from: Voxo2222 on December 16, 2021, 04:36:29 PM

Quote from: ?? on ??

Welll usdt is most well lnown and a lot blockchains.
U wanna hold the asset wich has good liqutity options right ...usdc is also but circle sounds like more bankers centralized crap anyways if usdc getting more clear and they dont mess around with holders usdc...there is clear framework and protection for holders then usdc will be definately good one sure yeahh

I believe you, USDT is one of the trustable stable cryptocurrency token, usdt is available in most blockchain and its the trusted token to hold even if crypto market is down. There are other stable coins too like BUSD, which is also similar to usdt, holding these stable crypto tokens have not too much risk on them.

Smart guy goid exampke is ur post yeahh we dont need to listen those wall street shills or just brainwashed news junkies we see how the things are thts it black is black white is white.

Anguwa

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Quote from: Voxo2222 on December 16, 2021, 04:36:29 PM

Quote from: ?? on ??

Welll usdt is most well lnown and a lot blockchains.
U wanna hold the asset wich has good liqutity options right ...usdc is also but circle sounds like more bankers centralized crap anyways if usdc getting more clear and they dont mess around with holders usdc...there is clear framework and protection for holders then usdc will be definately good one sure yeahh

I believe you, USDT is one of the trustable stable cryptocurrency token, usdt is available in most blockchain and its the trusted token to hold even if crypto market is down. There are other stable coins too like BUSD, which is also similar to usdt, holding these stable crypto tokens have not too much risk on them.

paxmao

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Superfun post. At first I just was not sure if you were joking or actually serious about your mixed set of assertions, but after some consideration I am now certain that you are making fun of the whole thing. Yep, any establecoin is purely a joke: they have all the disadvantages of fiat, additional credibility issues around being backed up by anything at all and have a history of fraud and accusations. Anyway, perhaps useful for short times to avoid tax or artificially pump bitcoin price... all very legit activities.

passwordnow

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Quote from: Voxo2222 on December 16, 2021, 12:25:24 PM

Usdt is only true safe heaven asset.

No, I don't think so. The safe heaven asset for me is bitcoin. You haven't seen the news that revolved around USDT, don't you?
- Tether Freezes Millions of Dollars USDT in 40 Addresses Amid Regulatory Pressure
- Tether Can Freeze and Destroy Your USDT
How can it be a safe one if they have the freedom to freeze your asset?

Voxo2222

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Quote from: ?? on ??

Not just usdt but all stablecoins can be useful in the period where the market is down, right now it is hard to tell of we are in bull or bear, many crypto analysts seems to be bullish and some still insist btc will record a new ath, how true is this is yet to be known, so usdt can only be a safe heaven for some time and not while the bulls are back in the market because you will loss out on good profit.

Welll usdt is most well lnown and a lot blockchains.
U wanna hold the asset wich has good liqutity options right ...usdc is also but circle sounds like more bankers centralized crap anyways if usdc getting more clear and they dont mess around with holders usdc...there is clear framework and protection for holders then usdc will be definately good one sure yeahh

Voxo2222

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Quote from: Dragonfund on December 16, 2021, 03:07:27 PM

I don't know why you are so happy about USDT as a hold, beside it's only used to migrate value and protect users against volatility especially when the market is falling, it doesn't have any changes and may even be at risk of inflation, why not just hold bitcoin or any other coin that may of hedge against inflation.
Are you also aware that usdt( usdt )purchasing power has been reducing over the years, your $100 may not be able to purchase that same watch you bought today in near future.
My one cent advise, use usdt when it's necessary, never meant to hold for long term.

Im not happy no emotions in money world only rational thinking.
I and other very educated and smart people want to see things always how they are.
I dont dream...or alice wonderland i stand strong feet and no hopes no pointless dreaming.

QuickAccount

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In a world of coins, use them.

Quote from: Voxo2222 on December 16, 2021, 02:39:11 PM

Quote from: teosanru on December 16, 2021, 01:29:29 PM

Quote from: Voxo2222 on December 16, 2021, 12:25:24 PM

Usdt is only true safe heaven asset.
As usa will create good demand for dollars thpe usdt is safe heaven not gold not btc but usdt.

Truth never outspoken if too many people knows truth then whos gona lose at the end...lol
Keep fuds over USDT i keep buying all ur Usdt and laugh ur face.

The coming economic recressions will make every asset to go down only safe heaven is usdt.

Mynmar goverment are most smartest in the world and im surprised that they made usdt legal currency its easy for othets to visit country to use stable currency and specially now when dollar get stronger and stronger.

Haha it's really too funny you think USDT is a safe haven, it's backed just by one exchange which too isn't in very good shape these days, it's just that one exchange that claims that yes I am managing the whole USDT and I am keeping the whole amount of USDs safe with me against which this USDT is backed.

So basically you are saying we should trust a currency called USDT which is backed by USD in some account, while USD will definitely crash in the coming future. How does all of this make any sense tell me?

The usa dollar can crash no problem but usdt is not usa dollar usdt is not legal tender as currency of usa now so even the real usd can crash and it will crash usdt dont be affected you will learn about this soon.
If they wanted to crash usdt together with dollar then they would added usdt as legal tender of usa long time ago.

By law usdt neither dai or usdc is not usa dollar.
I can make my own stablecoin and call it usa dollar but if its not officially approved as legal usd currency by the state until then its not a currency.

And if people start losing their usdt due to frozen uadt or whatever reason it will be global chaos and i dont think it will happening.

People should use more their tiny brain b4 they really say something

Dont talk what you hear on the news news are on purpose wrong always to lead you where the rich want you to be.
But learn real things education guys education.

If you believe that USDT is a safe haven asset, why hold that instead of the US dollar? as mk4 said, if you're holding USDT why not hold USD on its own, you probably already are if you have any amount of money in your bank. This is a useless argument because USDT is not USD, they might have a close value, but they are not the same. One day USDT could disappear at the creators hands and theres nothing you could do about it. If you plan on holding USD, go to an ATM, withdraw your limit and put it in your floorboards.

Dragonfund

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I don't know why you are so happy about USDT as a hold, beside it's only used to migrate value and protect users against volatility especially when the market is falling, it doesn't have any changes and may even be at risk of inflation, why not just hold bitcoin or any other coin that may of hedge against inflation.
Are you also aware that usdt( usdt )purchasing power has been reducing over the years, your $100 may not be able to purchase that same watch you bought today in near future.
My one cent advise, use usdt when it's necessary, never meant to hold for long term.

Voxo2222

jr. member

Activity: 70

Merit: 2

Quote from: teosanru on December 16, 2021, 01:29:29 PM

Quote from: Voxo2222 on December 16, 2021, 12:25:24 PM

Usdt is only true safe heaven asset.
As usa will create good demand for dollars thpe usdt is safe heaven not gold not btc but usdt.

Truth never outspoken if too many people knows truth then whos gona lose at the end...lol
Keep fuds over USDT i keep buying all ur Usdt and laugh ur face.

The coming economic recressions will make every asset to go down only safe heaven is usdt.

Mynmar goverment are most smartest in the world and im surprised that they made usdt legal currency its easy for othets to visit country to use stable currency and specially now when dollar get stronger and stronger.

Haha it's really too funny you think USDT is a safe haven, it's backed just by one exchange which too isn't in very good shape these days, it's just that one exchange that claims that yes I am managing the whole USDT and I am keeping the whole amount of USDs safe with me against which this USDT is backed.

So basically you are saying we should trust a currency called USDT which is backed by USD in some account, while USD will definitely crash in the coming future. How does all of this make any sense tell me?

The usa dollar can crash no problem but usdt is not usa dollar usdt is not legal tender as currency of usa now so even the real usd can crash and it will crash usdt dont be affected you will learn about this soon.
If they wanted to crash usdt together with dollar then they would added usdt as legal tender of usa long time ago.

By law usdt neither dai or usdc is not usa dollar.
I can make my own stablecoin and call it usa dollar but if its not officially approved as legal usd currency by the state until then its not a currency.

And if people start losing their usdt due to frozen uadt or whatever reason it will be global chaos and i dont think it will happening.

People should use more their tiny brain b4 they really say something

Dont talk what you hear on the news news are on purpose wrong always to lead you where the rich want you to be.
But learn real things education guys education.

teosanru

hero member

Activity: 2114

Merit: 618

Quote from: Voxo2222 on December 16, 2021, 12:25:24 PM

Usdt is only true safe heaven asset.
As usa will create good demand for dollars thpe usdt is safe heaven not gold not btc but usdt.

Truth never outspoken if too many people knows truth then whos gona lose at the end...lol
Keep fuds over USDT i keep buying all ur Usdt and laugh ur face.

The coming economic recressions will make every asset to go down only safe heaven is usdt.

Mynmar goverment are most smartest in the world and im surprised that they made usdt legal currency its easy for othets to visit country to use stable currency and specially now when dollar get stronger and stronger.

Haha it's really too funny you think USDT is a safe haven, it's backed just by one exchange which too isn't in very good shape these days, it's just that one exchange that claims that yes I am managing the whole USDT and I am keeping the whole amount of USDs safe with me against which this USDT is backed.

So basically you are saying we should trust a currency called USDT which is backed by USD in some account, while USD will definitely crash in the coming future. How does all of this make any sense tell me?

NeuroticFish

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Quote from: Voxo2222 on December 16, 2021, 01:25:22 PM

Who cares its backed or not ?

I care. And that's because I don't afford to not care.
Not backed means a risk. The risk to end up with worthless token no longer accepted anywhere.
If you don't, that's your problem, but please don't teach others into carelessness.

Voxo2222

jr. member

Activity: 70

Merit: 2

Quote from: adaseb on December 16, 2021, 01:15:34 PM

There are many risks to this. Not that I am against tether or anything but you need to consider this...

1) USDT is actually centralized even though if you keep it on the Bitcoin or Ethernet blockchain. The USDT creator can easily blacklist any coins at any time, and it did so in the past when some USDT was stolen.

2) USDT - This is very controversial but there is debate if USDT is actually backed 1:1.

3) USD in general is highly inflated. Look how expensive everything has gotten in the last year or even 10 years or so.

Who cares its backed or not ?
Usa dollar is backed by bonds what are bonds ?
Bonds are just someones liability or obligation to pay back.

Stop this ....oo backed or not at the end of the day it dint really matter.

Grow up kids stop asking pointless questions what matters is if a lot people use the currency and liqutity options usdt has best liqutity so far and thats matters the most.

Just grow people ...the fiat currency not backed either with no real physical things.
But as long as there is enough users and liqutity options the currency will not collapse so same goes for usdt and all other stablecoins.

adaseb

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There are many risks to this. Not that I am against tether or anything but you need to consider this...

1) USDT is actually centralized even though if you keep it on the Bitcoin or Ethernet blockchain. The USDT creator can easily blacklist any coins at any time, and it did so in the past when some USDT was stolen.

2) USDT - This is very controversial but there is debate if USDT is actually backed 1:1.

3) USD in general is highly inflated. Look how expensive everything has gotten in the last year or even 10 years or so.

NeuroticFish

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Quote from: Voxo2222 on December 16, 2021, 12:25:24 PM

Usdt is only true safe heaven asset.

USD is already eroded by inflation.
USDT is in theory tied to USD value, but in reality sometimes it's not. Also for USDT you have to trust the issuer, which is a private company that can go bankrupt and your preciousss USDT will become worthless lightning fast.
Then you should read a little more about USDT and the issuer company called Tether. You'll see that they're not as nice as you'd think and the USDT they issue are not backed as good as they pretend it to be. And this also the potential to turn USDT into a "castle made of playing cards".

USDT and the other stable coins too are great for traders, for short term use, for transferring value in a very fast manner (value usually different than Bitcoin, since they use it for arbitrage), but let's not make the mistake to be overly confident in USDT.

mk4

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If you're THAT bullish on the US Dollar then why not just hold USD directly? And not stablecoins?

And I don't even know how you look at the USD as a good hold with this level of inflation; besides for temporary purchasing power when timing a trade.

Voxo2222

jr. member

Activity: 70

Merit: 2

Usdt is only true safe heaven asset.
As usa will create good demand for dollars thpe usdt is safe heaven not gold not btc but usdt.

Truth never outspoken if too many people knows truth then whos gona lose at the end...lol
Keep fuds over USDT i keep buying all ur Usdt and laugh ur face.

The coming economic recressions will make every asset to go down only safe heaven is usdt.

Mynmar goverment are most smartest in the world and im surprised that they made usdt legal currency its easy for othets to visit country to use stable currency and specially now when dollar get stronger and stronger.

Topic: Usdt safe heaven - page 3. (Read 340 times)