Topic: What are your thoughts on USDT? (Read 245 times)
Don't use to keep fiat especially but in situation like exchange usage instead of USDT you can use it.
Hello everyone,
So I just recently got into trading and really loving it. I have to admit I haven't been doing so bad. My main goal is to accumalate as much ETH as I can since Alt coins seem to perform better against it as opposed to Bitcoin.
My main question though is regarding USDT. I've done quite a bit of reading on it and I like that it is a stable coin, but I am very nervous as it seems that the team behind it is quite shady in that they refuse to be audited. I've stayed away from it even though I do see it as very useful to hold any profits incase Ethereum goes down, but I always have this fear that I'll wake up one day to a scandal behind Tether and they would be useless and no one would want them.
What are your thoughts on this coin? and if you have the same anxiety how do you get around it locking in profits?
USDT is a good altcoin and it's like a bank. It helps me hold my money without fear of losing. I do not need to through the bank to recharge the wallet, I just converted from USDT to another altcoin. Transaction time will be very useful and that is very convenient.So I just recently got into trading and really loving it. I have to admit I haven't been doing so bad. My main goal is to accumalate as much ETH as I can since Alt coins seem to perform better against it as opposed to Bitcoin.
My main question though is regarding USDT. I've done quite a bit of reading on it and I like that it is a stable coin, but I am very nervous as it seems that the team behind it is quite shady in that they refuse to be audited. I've stayed away from it even though I do see it as very useful to hold any profits incase Ethereum goes down, but I always have this fear that I'll wake up one day to a scandal behind Tether and they would be useless and no one would want them.
What are your thoughts on this coin? and if you have the same anxiety how do you get around it locking in profits?
I have 40000 USDT coins and I always believe in it. There will not be much profit, but it will help me make the transaction faster and lower cost.
I personally would not trust too much USDT until the team will allow and audit of their assets. After all, otherwise we would just to believe them, which in the era of trustless crypro is not really the best.
Hello everyone,
So I just recently got into trading and really loving it. I have to admit I haven't been doing so bad. My main goal is to accumalate as much ETH as I can since Alt coins seem to perform better against it as opposed to Bitcoin.
My main question though is regarding USDT. I've done quite a bit of reading on it and I like that it is a stable coin, but I am very nervous as it seems that the team behind it is quite shady in that they refuse to be audited. I've stayed away from it even though I do see it as very useful to hold any profits incase Ethereum goes down, but I always have this fear that I'll wake up one day to a scandal behind Tether and they would be useless and no one would want them.
What are your thoughts on this coin? and if you have the same anxiety how do you get around it locking in profits?
We can see that although in recent days the market is fluctuating continuously and is declining very seriously, but the price of USDT is still very stable and slightly increased. Therefore, in the days of Hurricane Hurricane market as the present time, USDT is a place where we can storm, very safe and convenient. So I just recently got into trading and really loving it. I have to admit I haven't been doing so bad. My main goal is to accumalate as much ETH as I can since Alt coins seem to perform better against it as opposed to Bitcoin.
My main question though is regarding USDT. I've done quite a bit of reading on it and I like that it is a stable coin, but I am very nervous as it seems that the team behind it is quite shady in that they refuse to be audited. I've stayed away from it even though I do see it as very useful to hold any profits incase Ethereum goes down, but I always have this fear that I'll wake up one day to a scandal behind Tether and they would be useless and no one would want them.
What are your thoughts on this coin? and if you have the same anxiety how do you get around it locking in profits?
I would recommend stay away of USDT, now a situation around it is quite tricky, and they dont stop emission of Tether, recently their management emited enormous amount of USDT, so I am afraid that this story has no happy end
Keeping your money in USDT for a long time is not good but we don't have any option to do trade with equal to USD value. this the only currency stable at $1 from a long time and that is why people use this coin as USD. The risk is there but for me i don't have any option if I do trade with other altcoins I will get confuse weather i am in profit or loss the calculations will become too much complicated. Hello everyone,
So I just recently got into trading and really loving it. I have to admit I haven't been doing so bad. My main goal is to accumalate as much ETH as I can since Alt coins seem to perform better against it as opposed to Bitcoin.
My main question though is regarding USDT. I've done quite a bit of reading on it and I like that it is a stable coin, but I am very nervous as it seems that the team behind it is quite shady in that they refuse to be audited. I've stayed away from it even though I do see it as very useful to hold any profits incase Ethereum goes down, but I always have this fear that I'll wake up one day to a scandal behind Tether and they would be useless and no one would want them.
What are your thoughts on this coin? and if you have the same anxiety how do you get around it locking in profits?
USDT is a good altcoin and it's like a bank. It helps me hold my money without fear of losing. I do not need to through the bank to recharge the wallet, I just converted from USDT to another altcoin. Transaction time will be very useful and that is very convenient.So I just recently got into trading and really loving it. I have to admit I haven't been doing so bad. My main goal is to accumalate as much ETH as I can since Alt coins seem to perform better against it as opposed to Bitcoin.
My main question though is regarding USDT. I've done quite a bit of reading on it and I like that it is a stable coin, but I am very nervous as it seems that the team behind it is quite shady in that they refuse to be audited. I've stayed away from it even though I do see it as very useful to hold any profits incase Ethereum goes down, but I always have this fear that I'll wake up one day to a scandal behind Tether and they would be useless and no one would want them.
What are your thoughts on this coin? and if you have the same anxiety how do you get around it locking in profits?
I have 40000 USDT coins and I always believe in it. There will not be much profit, but it will help me make the transaction faster and lower cost.
I would recommend stay away of USDT, now a situation around it is quite tricky, and they dont stop emission of Tether, recently their management emited enormous amount of USDT, so I am afraid that this story has no happy end
Keeping your money in USDT for a long time is not good but we don't have any option to do trade with equal to USD value. this the only currency stable at $1 from a long time and that is why people use this coin as USD. The risk is there but for me i don't have any option if I do trade with other altcoins I will get confuse weather i am in profit or loss the calculations will become too much complicated. for trading the idea of usdt is great , you have a safe place to go to when you think the market is going down and you don't want to lose any value. but there has been a lot of talk about price manipulation of bitcoin with usdt. the fact that they can't prove that every usdt is backed by a dollar makes it even harder to trust them. so while i like the idea i don't trust them enough to put my money there.
I used Usdt a lot, but to the best of my knowledge, Usdt has become a manipulator, so it has to be the counterpart of the USDT's on the market. I think the reason for Bitcoin's depreciation is to use the USDT as a manipulation tool.USDT is biggest SCAM in crypto and my biggest fear. I trully believe they are one of the biggest players when it comes to manipulating the market and If BTC ever dies or is close to death, USDT will be among top reasons if not THE reason.
Just google a bit about USDT and DYOR.
I rarely say stuff like this, but this time I am firmly standing behind my believes and research.
Stay away from it. You have been warned!
for trading the idea of usdt is great , you have a safe place to go to when you think the market is going down and you don't want to lose any value. but there has been a lot of talk about price manipulation of bitcoin with usdt. the fact that they can't prove that every usdt is backed by a dollar makes it even harder to trust them. so while i like the idea i don't trust them enough to put my money there.
I used Usdt a lot, but to the best of my knowledge, Usdt has become a manipulator, so it has to be the counterpart of the USDT's on the market. I think the reason for Bitcoin's depreciation is to use the USDT as a manipulation tool.
USDT , something fishy about this coin, they increased the volume supply last time and market ceash and suddenly news scandal about this they said its shady some sort of scam internal system. I doubt about this coin but its fine if you sabe some small amount of it don’t put all your hard money to usdt i’d rather be stay with eth or btc for sure and lo gterm good luck with that.
I would recommend stay away of USDT, now a situation around it is quite tricky, and they dont stop emission of Tether, recently their management emited enormous amount of USDT, so I am afraid that this story has no happy end
USDT is a crypto-currency asset issued on the basis of a bitcoin blockchain through the Omni Layer protocol. Each USDT unit is backed by the US dollar, which inspires confidence. USDT was created to facilitate the transfer of national currencies, providing users with a stable alternative to bitcoin and checking exchanges and swallets that are currently unreliable. Thus, we get an extremely reliable and transparent system that relies on the oldest and most secure bitcoin`s blockchain and provides users with a stable asset for national currencies.
I would agree with you if tether wasn't facing so many problems with audits. What you are saying is the model under which tether should work, but we just don't know if that is true. There is no way to know if they everything single tether in circulation is really backed on a 1:1 ratio with the USD. This is there the problem starts, and the reason why tether doesn't bring any confidence to the market, as you are referring. It's quite the opposite right now, and tether brings a lot of doubts, even on the bitcoin price itself, because some people claim that maybe tether was printed like fiat, out of thin air, and used to pump bitcoin price. Without audits, we simply cant know for sure. This is why I don't really like tether, and I don't use it.
I'm talking about how it should be, and you're talking about how it is. I agree with you that the USDT has problems, which are not resolved at the moment. I very much hope that the company's statements can be trusted and they will justify the hopes. The main advantage of the NDAP is that it solves two problems: not the availability of real assets and the volatility of the exchange rate. According to Tether, USDT is secured by US dollars in the proportion of 1 to 1. Now we can not find out if this is true, but time will tell. However, if this is so, then It allows you to trade on the crypto exchange markets as a substitute for the US dollar with low commissions and almost instantly. And this is exactly why I like tether.
for trading the idea of usdt is great , you have a safe place to go to when you think the market is going down and you don't want to lose any value. but there has been a lot of talk about price manipulation of bitcoin with usdt. the fact that they can't prove that every usdt is backed by a dollar makes it even harder to trust them. so while i like the idea i don't trust them enough to put my money there.
Hello everyone,
So I just recently got into trading and really loving it. I have to admit I haven't been doing so bad. My main goal is to accumalate as much ETH as I can since Alt coins seem to perform better against it as opposed to Bitcoin.
My main question though is regarding USDT. I've done quite a bit of reading on it and I like that it is a stable coin, but I am very nervous as it seems that the team behind it is quite shady in that they refuse to be audited. I've stayed away from it even though I do see it as very useful to hold any profits incase Ethereum goes down, but I always have this fear that I'll wake up one day to a scandal behind Tether and they would be useless and no one would want them.
What are your thoughts on this coin? and if you have the same anxiety how do you get around it locking in profits?
So I just recently got into trading and really loving it. I have to admit I haven't been doing so bad. My main goal is to accumalate as much ETH as I can since Alt coins seem to perform better against it as opposed to Bitcoin.
My main question though is regarding USDT. I've done quite a bit of reading on it and I like that it is a stable coin, but I am very nervous as it seems that the team behind it is quite shady in that they refuse to be audited. I've stayed away from it even though I do see it as very useful to hold any profits incase Ethereum goes down, but I always have this fear that I'll wake up one day to a scandal behind Tether and they would be useless and no one would want them.
What are your thoughts on this coin? and if you have the same anxiety how do you get around it locking in profits?
Seems you are not an old person in touch with trading, my first suggestion is be-careful. Trading is not simple as buy at low price and sell at high price, even seems so. You need to do sufficient preparation, for basic knowledge of trading can see this link : https://bitcointalksearch.org/topic/just-a-little-guide-for-new-crypto-traders-2960563
Related with USDT, that is a virtual USD that should be almost same with USD. So I think it will be mostly influenced by USD price in non-virtual (real) world, and non virtual currency is depending many factors including government which is not independent that opposite with blockchain and cryptocurrency as independent characteristics. So becareful to trade with USDT.
Haven'used USDT ever since but I think it will secure the value of your investment when market collapse the only question somehow is the transparency and the credibility of its creators. The coin is no doubt a helpful tool, however it needs to be transparent to be trustworthy enough for investors so they must show off their real funds if its real and for auditing.
USDT is a crypto-currency asset issued on the basis of a bitcoin blockchain through the Omni Layer protocol. Each USDT unit is backed by the US dollar, which inspires confidence. USDT was created to facilitate the transfer of national currencies, providing users with a stable alternative to bitcoin and checking exchanges and swallets that are currently unreliable. Thus, we get an extremely reliable and transparent system that relies on the oldest and most secure bitcoin`s blockchain and provides users with a stable asset for national currencies.
I would agree with you if tether wasn't facing so many problems with audits. What you are saying is the model under which tether should work, but we just don't know if that is true. There is no way to know if they everything single tether in circulation is really backed on a 1:1 ratio with the USD. This is there the problem starts, and the reason why tether doesn't bring any confidence to the market, as you are referring. It's quite the opposite right now, and tether brings a lot of doubts, even on the bitcoin price itself, because some people claim that maybe tether was printed like fiat, out of thin air, and used to pump bitcoin price. Without audits, we simply cant know for sure. This is why I don't really like tether, and I don't use it.
The idea of USDT is good one, it should back USD but time will showe how it going to hold up...
USDT is a crypto-currency asset issued on the basis of a bitcoin blockchain through the Omni Layer protocol. Each USDT unit is backed by the US dollar, which inspires confidence. USDT was created to facilitate the transfer of national currencies, providing users with a stable alternative to bitcoin and checking exchanges and swallets that are currently unreliable. Thus, we get an extremely reliable and transparent system that relies on the oldest and most secure bitcoin`s blockchain and provides users with a stable asset for national currencies.
I would agree with you if tether wasn't facing so many problems with audits. What you are saying is the model under which tether should work, but we just don't know if that is true. There is no way to know if they everything single tether in circulation is really backed on a 1:1 ratio with the USD. This is there the problem starts, and the reason why tether doesn't bring any confidence to the market, as you are referring. It's quite the opposite right now, and tether brings a lot of doubts, even on the bitcoin price itself, because some people claim that maybe tether was printed like fiat, out of thin air, and used to pump bitcoin price. Without audits, we simply cant know for sure. This is why I don't really like tether, and I don't use it.
Hello everyone,
So I just recently got into trading and really loving it. I have to admit I haven't been doing so bad. My main goal is to accumalate as much ETH as I can since Alt coins seem to perform better against it as opposed to Bitcoin.
My main question though is regarding USDT. I've done quite a bit of reading on it and I like that it is a stable coin, but I am very nervous as it seems that the team behind it is quite shady in that they refuse to be audited. I've stayed away from it even though I do see it as very useful to hold any profits incase Ethereum goes down, but I always have this fear that I'll wake up one day to a scandal behind Tether and they would be useless and no one would want them.
What are your thoughts on this coin? and if you have the same anxiety how do you get around it locking in profits?
Yes not everything clear with USDT. But if you worry so much you can trade on Bitstamp they have the real USD So I just recently got into trading and really loving it. I have to admit I haven't been doing so bad. My main goal is to accumalate as much ETH as I can since Alt coins seem to perform better against it as opposed to Bitcoin.
My main question though is regarding USDT. I've done quite a bit of reading on it and I like that it is a stable coin, but I am very nervous as it seems that the team behind it is quite shady in that they refuse to be audited. I've stayed away from it even though I do see it as very useful to hold any profits incase Ethereum goes down, but I always have this fear that I'll wake up one day to a scandal behind Tether and they would be useless and no one would want them.
What are your thoughts on this coin? and if you have the same anxiety how do you get around it locking in profits?
Too, I think the USDT token is not the best option for storing its investments in it. It is not known how many of these tokens are released and at any time its price can collapse very much.
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