In short, it's not perfect but for now it's the best we've got.
What we really need is some facility for quick cheap transfer back and forth between actual fiat and crypto.
Topic: What do you think about Tether? - page 3. (Read 499 times)
Sometimes when I see the price going down I use Tether to save my money, you might to see the Tether price because have a stable movement even though the prices of bitcoin and altcoins have decreased. And maybe most investors have the same way to save money in Thether when the crypto currency prices decline.
Tether is there so you can trade BTC/USDT. Its a safe pair to trade when btc rise, you can dump it to tether and then buy back when the price dip again. Its what its use for and its pegged to USD. Why would you hold tether? Of course you can hold it but you should really be buying coins with it to profit.
Many people use The Tether[USDT] as there Safe ´´Wallet´´ so they Purchase it and Tether always keeps up the Same Price as you can see it doesnt really went down since 6 Months
My Question about it Do you use Tether to?
I don't, i consider the fact that tether is centralized currency and the team has control over all of tether and tether blockchain. The team can freeze your money anytime. My Question about it Do you use Tether to?
It's a centralized token. And tether is lack of transparency about the how much-reserved funds backed each tether.
i never used tether because the stablecoin, in trading i want make more profit not just store my fund in stable coin like tether thats why i never used stablecoin
Many people use The Tether[USDT] as there Safe ´´Wallet´´
Fiat offers price security as the value barely fluctuates and does so around a very limited range.
Tether is useful for transferring funds to someone through the blockchain as it ensures the value as when sent is the same when received.
But for long term use I would rather hold some other cryptocurrencies.
I haven't tried tether, it looks stable and paid. The path of USDT does have a movement that is not too sharp so the risk is not alarming. Market capitalization can bring it to position 7 and there are still many who are interested.
Many people use The Tether[USDT] as there Safe ´´Wallet´´ so they Purchase it and Tether always keeps up the Same Price as you can see it doesnt really went down since 6 Months
My Question about it Do you use Tether to?
My Question about it Do you use Tether to?
I do use it, primarily when the markets are dropping, but I would only ever use it short-term.
It is easy to make the mistake of thinking that Tether is the same as US$. It isn't, and it has obviously had some trouble in maintaining the dollar peg - please do not consider it a safe haven; it is still crypto! There are always questions about how much actual $ they have in reserve to support the price, and it is still not really resolved.
Many people use The Tether[USDT] as there Safe ´´Wallet´´ so they Purchase it and Tether always keeps up the Same Price as you can see it doesnt really went down since 6 Months
My Question about it Do you use Tether to?
My Question about it Do you use Tether to?
Obviously tether is peg to USD that's why you won't see it the price fall significantly, is 1:1 as far as I know.
Other's used it to hedge when bitcoin price started to go down or have some wild swing. But I personally don't leverage my bitcoins to tether, there's so many doubts like the currency reserve to back all it has in circulation. Also, the fee's are too high, which doesn't sit with most crypto traders.
Stable coins are popular now but watch what happens during the next bull run. Who would chose to hold an asset that doesn't change when you can have something like BTC increasing value.
For me, the Tether currency has been in place for 6-9 months already, I do not see any reason to take it even though it is in the top 10. There are much better crypts. Take a closer look at others.
It has a stable value that is just a way for people that want to take USD rates. I don't use tether, I'm confident of my coins and I don't have to divert it to tether just to save my profit and value. And you just made this thread alive although it hasn't been active for months.
For me, the Tether currency has been in place for 6-9 months already, I do not see any reason to take it even though it is in the top 10. There are much better crypts. Take a closer look at others.
It was a really great way to sell and get "out" without going into fiat subjecting your gains to taxes.
Now that is not so much the case anymore as us in the US are being taxed for exchanging within crypto.
Now that is not so much the case anymore as us in the US are being taxed for exchanging within crypto.
Its not like we have a choice since most of exhanges dont work with real money,imo tether was first created as a way for exchanges to buy pass money laundering laws and as a way to get on us crypto market but now usdt creators realised that they have the power to influence in wich direction will market move buy puttin out more usdt if needed for pump
Many people use The Tether[USDT] as there Safe ´´Wallet´´ so they Purchase it and Tether always keeps up the Same Price as you can see it doesnt really went down since 6 Months
My Question about it Do you use Tether to?
I've used tether as there is a case about such a manipulation by the developers about the tether's total supply. But tether is very good place to secure your amount for short term and i'm not giving any recommendation to keep it for long term in tether form. Rather than put all of them in trader and fiat looks better than it. My Question about it Do you use Tether to?
Many people use The Tether[USDT] as there Safe ´´Wallet´´ so they Purchase it and Tether always keeps up the Same Price as you can see it doesnt really went down since 6 Months
My Question about it Do you use Tether to?
My Question about it Do you use Tether to?
I rarely use tether but would do in such a scenario as you described, only short term though. Long term tether is not backed by anything and if there is a run on it then it can easily drop below a 1:1 ratio with usd.
Many people use The Tether[USDT] as there Safe ´´Wallet´´ so they Purchase it and Tether always keeps up the Same Price as you can see it doesnt really went down since 6 Months
My Question about it Do you use Tether to?
My Question about it Do you use Tether to?
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