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Topic: what do you think about USDT? (Read 751 times)

full member
Activity: 1456
Merit: 148
January 24, 2021, 01:53:39 PM
#93
I have been holding my investments in USDT for a long time and I have not had any problems with USDT, of course there have been some rumors lately that the SEC wants to sue USDT or this is probably really true, but so far I see that everything is fine with USDT, but of course we can protect ourselves and just keep your investments in other stable coins, but in general I think that everything will be fine with USDT, we just need to wait when all these problems with USDT and SEC will be solved.
Currently the USDT aren't into any problem with the SEC at the moment but there might be an outbreak soon and everyone who pair or solely have their investment in USDT should trend carefully. My problem with them is there legal document which said "if eventually they run into any danger they aren't or won't be liable to any legal tussle of any kind, so, there disappearance equal no query".
sr. member
Activity: 1036
Merit: 250
January 24, 2021, 01:48:15 PM
#90
For me usdt works fine. I am holding my asset in usdt for a long time. And I don't face any kind of problem. I know there are many talks around usdt. But it's also have a huge marketcap so people also using it. And every big exchange have usdt pairs. So I don't think it's risky or something. If you think you can't trust usdt then there are lots of stable coin available you can choose one or more from them.

You always have your own decision, I agree, if you don't trust this stable coin you still have lots of options to choose from,.

This coin is good whenever you need to convert your crypto into a fiat value while waiting for the opportunities buying a much lower

value of your chosen assets.
legendary
Activity: 2688
Merit: 1208
Once a man, twice a child!
January 24, 2021, 01:24:39 PM
#89
USDT is one of the stable coins that has a stable price using the original USD underlying, but did you know that USD currency can be printed arbitrarily without an underlying different from IDR or rupiah printed based on gold underlying
 in other words USDT can also print coins at will like USD can USDT be trusted?  without the underlying USD, which becomes the underlying of USDT, it could experience a sudden drop in price, in other words if the USD is problematic, it will also affect the USDT price.
 what do you think about this?
Well, I say so far so good with my experience of using USDT as a tether option. It has remained relatively stable for me and to this I believe it can be trusted. It will be a thing of concern for me any day it crashes below $0.80. Even doing that will be it losing 20% of its price. But we have had several tokens/coins lose over 80% in price yet those coins bounced back. There isn't any issues with USDT, at least till now. That's my take.
member
Activity: 1050
Merit: 10
Martian Swap - Anti Whale Measures New Yield Farmi
January 24, 2021, 01:16:34 PM
#88
For me usdt works fine. I am holding my asset in usdt for a long time. And I don't face any kind of problem. I know there are many talks around usdt. But it's also have a huge marketcap so people also using it. And every big exchange have usdt pairs. So I don't think it's risky or something. If you think you can't trust usdt then there are lots of stable coin available you can choose one or more from them.
member
Activity: 392
Merit: 10
January 24, 2021, 12:59:34 PM
#87
USDT it is not the most reliable stablecoin but it is the most convenient stablecoin. I try not to keep money in it but if i need to move my funds quickly then i use this.
I still remember how once 1 usdt cost 70 cents.
member
Activity: 406
Merit: 14
January 24, 2021, 12:27:31 PM
#86
I have been holding my investments in USDT for a long time and I have not had any problems with USDT, of course there have been some rumors lately that the SEC wants to sue USDT or this is probably really true, but so far I see that everything is fine with USDT, but of course we can protect ourselves and just keep your investments in other stable coins, but in general I think that everything will be fine with USDT, we just need to wait when all these problems with USDT and SEC will be solved.
SEC want to sue USDT for what reason? That isn't a real news mate, infact USDT have no issues with laws at all, everything have been carefully registered and USDT is fully backed with reserves, it's more transparent than decentralized stable coins, there is nothing to hide here since USDT is centralized
member
Activity: 784
Merit: 21
January 24, 2021, 11:23:24 AM
#85
USDT is one of the stable coins that has a stable price using the original USD underlying, but did you know that USD currency can be printed arbitrarily without an underlying different from IDR or rupiah printed based on gold underlying
 in other words USDT can also print coins at will like USD can USDT be trusted?  without the underlying USD, which becomes the underlying of USDT, it could experience a sudden drop in price, in other words if the USD is problematic, it will also affect the USDT price.
 what do you think about this?
Do your own research using Google to find more answers about USDT, this stable coin is centralized and there is nothing hideous about the project, it's popular and well known, it's also regulated too so don't worry about SEC, the only reason why anyone should be worried about USDT is if they are scammer or hacker or they ate criminals that engage in illegal funding
member
Activity: 1764
Merit: 10
January 24, 2021, 09:08:41 AM
#84
I have been holding my investments in USDT for a long time and I have not had any problems with USDT, of course there have been some rumors lately that the SEC wants to sue USDT or this is probably really true, but so far I see that everything is fine with USDT, but of course we can protect ourselves and just keep your investments in other stable coins, but in general I think that everything will be fine with USDT, we just need to wait when all these problems with USDT and SEC will be solved.
copper member
Activity: 54
Merit: 0
January 24, 2021, 08:44:19 AM
#83
yes I think  USDT is a stable and safe coin. on the other hand it has a selling value that is almost like a dollar currency. Stablecoins such as Tether have stirred the industry by offering more stability in a volatile market. Tether USDT helps digitize the US dollar and make transactions easier, faster, and cheaper on the blockchain. It is a practical cryptocurrency which makes it a viable investment.
member
Activity: 153
Merit: 10
January 24, 2021, 08:04:06 AM
#82
Tether (USDT) is a Hong Kong-based company. It's a profitable coin. The price of USDT is almost the same as USD as a mirror. The founder of USDT launched it to improve the transaction and wanted to make it a stable coin. Right now, USDT is a trustable, securable, and stable coin in the crypto market.
jr. member
Activity: 148
Merit: 2
December 27, 2020, 01:17:36 PM
#81
I know that the best way for everyone dealing with J usdt cryptocurrency is to convert J. coin into usdt with a cell. There is no possibility of loss because of jar because usdt is in one place. The only way to protect. And this usdt buy and sell inventory from each exchange is so valuable to me. Thanks for your feedback.

hero member
Activity: 966
Merit: 500
December 27, 2020, 12:37:21 PM
#80
Tether is a tail of USD. I have seen many more times tether and USD are going collateral in coincap market. This crypto always been declared as a stable coin. So, it's not a abnormal affair if USD is problematic then tether also be in problematic. That's mean USD and USDT each other complementary at all and they will affect by this types inconvenient.
Not a complementary, USDT is indeed backed by USD. therefore they are called stablecoins. Currently USDT is the strongest and probably the best stablecoins with the most usage and volume. even currently occupying the number 3 position shifting XRP which is having problems with the SEC
full member
Activity: 983
Merit: 100
December 27, 2020, 12:10:53 PM
#79
Yes,your post is so positive. I am agree with your post.Thank you so much for you information.
If you just wanted to say thank you, I think there are many other posts that are better and deserve more thanks for them, but when it comes to discussions in forums, people want good advice and direction for them more, not just just thanks.
member
Activity: 160
Merit: 10
December 24, 2020, 02:37:54 PM
#78
Tether is a tail of USD. I have seen many more times tether and USD are going collateral in coincap market. This crypto always been declared as a stable coin. So, it's not a abnormal affair if USD is problematic then tether also be in problematic. That's mean USD and USDT each other complementary at all and they will affect by this types inconvenient.
legendary
Activity: 2100
Merit: 1058
December 11, 2020, 02:09:44 PM
#77
I just hope nobody gets screwed over because of this. I do not like centralized things that are based on centralized organizations. Today tether only has a value because tether company says so, and that's it. The day when tether says "from now on we are not backing usdt anymore, we are cutting all our ties with it" or simply put just exit scam it, usdt suddenly will worth one cent or even less and we are going to end up losing sooooo much money, over 10 billion dollars gone in a single day.

Now I understand you may say why would they do that, but how do you know they won? Since all of this is possible, I hate usdt and would like to never use it. I sometimes use it to move money around but I would like to change it to DAI very soon hopefully because it is fully decentralized.
sr. member
Activity: 1596
Merit: 264
December 11, 2020, 01:58:38 PM
#76
It's our cover when storm of correction happens.I never fully got used to USDT because I didn't last that long to trading anyway.
It's simply a stable coin, opposite of Bitcoin that's why people tend to put their profits to USDT so that fluctuations could be avoided.
member
Activity: 686
Merit: 10
December 11, 2020, 01:17:10 PM
#75
I hate to say it but the high volume is the key factor leading people to buy the stablecoin. I personally use it
But with the emergence of many other stablecoins like usdc the dominance of USDT dropped to 80%
Are we witnessing an end of an era?
member
Activity: 686
Merit: 10
December 11, 2020, 01:12:01 PM
#74
I think that USDT cryptocurrency is controversial for failing to provide for the public a promising audit backing their reserve and especially the rumours accusing tether of market manipulation
member
Activity: 728
Merit: 10
https://gptverse.art/
December 11, 2020, 12:49:46 PM
#73
Crypto world is full of volatility, USDT pair is the safe ground and way of securing profit.
I think USDT is fairly important especially to small traders like me.

yes, USDT is a stable and safe coin. on the other hand, it has a selling value that is almost like a dollar currency. Usually crypto traders use the stable USDT coin as a trading coin pair because of its significant value at the price of $ 0.9 - $ 1.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
December 11, 2020, 12:45:11 PM
#72
USDT is one of the stable coins that has a stable price using the original USD underlying, but did you know that USD currency can be printed arbitrarily without an underlying different from IDR or rupiah printed based on gold underlying
 in other words USDT can also print coins at will like USD can USDT be trusted?  without the underlying USD, which becomes the underlying of USDT, it could experience a sudden drop in price, in other words if the USD is problematic, it will also affect the USDT price.
 what do you think about this?
USDT being a centralized coin has all the underlying problems of centralized coins, governments have gained over and over again through history the trust of the people to manage the money supply and do so in a responsible manner, and each one of them have failed, and USDT will be no exception, they promised that for each USDT in circulation they will have a dollar on reserve and help the market get liquidity this way and we know this is not true, so eventually they will print more money than what they can manage and the coin will crash as all fiat currencies have done before it.
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