Topic: what do you think about USDT? - page 3. (Read 752 times)
one of the stable coin that has a stable price ? of course , what do we expect . for what it was called a stable coin anyway ? lol . it is a stable coin and its name is usdt and we expect that it works like a usd . whats the catch ? printing usd is restricted and they cant just print and print so why are you worrying . that can happen the same on usdt they cant also create or mint lots of usdt but they can only produce depending on the demand of those who convert thier crypto to usdt . about the price its not bothering at all because usd dont dump heavy
I also heard that USDT can be made whatever the maker does and it proves that if USDT will one day have an unlimited amount, this is cause for concern by everyone if suddenly the token maker makes a very large amount which will then make dump prices and for that I don't really believe in USDT
All those involved in cryptocurrency need more or less USDT.
Because we use USDT to keep our funds safe when the value of cryptocurrency falls.
So whatever you say, the need for USDT is immense to me.
Because we use USDT to keep our funds safe when the value of cryptocurrency falls.
So whatever you say, the need for USDT is immense to me.
My main problem with USDT is that they can and have frozen people's USDT. That feature is a deal breaker for me. The whole point of cryptos is that they are decentralized and free from human intervention. For that reason I don't like USDC or most of the other stable coins. I think your best bet is to go with Dai - where your funds cannot be frozen and you don't have to trust that someone has the USD in reserve like they say. The only issue I guess is collapse of ethereum.
^ I think that despite the various controversies behind USDT, we need to admit that in times of volatile markets like now, we need stable assets and I think USDT is still the best choice.
Agreed, I will not even try to blame it caused by I'm also still using USDT as the main stable coin to hodl my asset. A lot of controversies happened with USDT but people are still trusting it. The only problem for USDT if the US lawmaker will try to create a regulation for the stable coin company must have banking license. That could be the main problem for USDT. We will always need a stable coin. I don't even care about what people said about that as long as it can still give me benefit and why not?
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?
I have used usdt many times in the past without any issues whatsoever and i am sure it will continue to be up and in business in the future as well but just to be safe or you can say extra careful i have now tilted towards usdc that seem to be more transparent stablecoin, again i do not have any issues with usdt but due to a lot of critics and to be on the safe side i now prefer usdc. 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?
I think we need to review the characteristics of each asset a bit.
If we evaluate the following parameters of each asset we can have a better opinion.
Parameters to consider:
Main takeaways
Trading volume is much higher on Tether than on fiat USD and this holds true over time.
BTC/USDT markets are far less concentrated than BTC/USD markets.
BTC-USDT and BTC-USD closing prices (cross exchanges) closely mirror each other with very small tracking errors.
BTC-USDT and BTC-USD daily returns display different volatility regimes over time.
Intraday extremes between BTC-USDT and BTC-USD show higher dispersion than the usual close to close measure.
Complete comparative review...
https://blog.kaiko.com/tether-vs-usd-is-a-dollar-a-dollar-when-it-comes-to-trading-4632380f4284
I would think that each of these assets have their investment niche.
Regards,
If we evaluate the following parameters of each asset we can have a better opinion.
Parameters to consider:
Main takeaways
Trading volume is much higher on Tether than on fiat USD and this holds true over time.
BTC/USDT markets are far less concentrated than BTC/USD markets.
BTC-USDT and BTC-USD closing prices (cross exchanges) closely mirror each other with very small tracking errors.
BTC-USDT and BTC-USD daily returns display different volatility regimes over time.
Intraday extremes between BTC-USDT and BTC-USD show higher dispersion than the usual close to close measure.
Complete comparative review...
https://blog.kaiko.com/tether-vs-usd-is-a-dollar-a-dollar-when-it-comes-to-trading-4632380f4284
I would think that each of these assets have their investment niche.
Regards,
There are rumors and accusations around Tether and its team that USDT has much less dollars than stated, meaning it essentially creates empty coins!
Precisely because the company operates on General rights and rules, there are already guarantees that the government will keep everything under control and will not allow investors to be deceived.
Precisely because the company operates on General rights and rules, there are already guarantees that the government will keep everything under control and will not allow investors to be deceived.
yeah, i remember that last year. they admitted that they were not fully backed by US$ - https://www.newsbtc.com/news/crypto-community-reacts-to-tether-admitting-usdt-not-fully-backed/.
now, in the current scenario, how do we know that they are now claiming the absolute truth about their assets?
are we going to see another confession few months or years from now that they really don't own the assets that they should have? so imo, if youre a holder of USDT, dont let it sit in your wallet for long time. better look for other top alts that you know will not lie about their very basis of foundation.
There are rumors and accusations around Tether and its team that USDT has much less dollars than stated, meaning it essentially creates empty coins!
Precisely because the company operates on General rights and rules, there are already guarantees that the government will keep everything under control and will not allow investors to be deceived.
Precisely because the company operates on General rights and rules, there are already guarantees that the government will keep everything under control and will not allow investors to be deceived.
Like best helpful currency which makes more profits when i work in trade. Very short answer usdt is a stable currency where is the best safety for all holders because you can convert unstable currency to usdt. Although best opportunity of trading for useing usdt.
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.
Don't worry, the SEC has studied how USDT's money printing system works and it's completely legal. As far as I know about USDT's money printing system, in order to be able to print more USDT, the printer must provide USD with the same value and then they are allowed to print more USDT. Therefore, USDT is trusted and very useful until now. Therefore, it is very difficult for USDT to collapse because their mechanism is legal. 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.
Is there any decent way to keep USD value coins? Is it just best to sell the crypto for Payeer or WebMoney? Then buy bitcoin back at a later stage.
This must be the reason why US lawmakers seek to make stablecoins illegal without federal approval
The US congress is about to create a law about this issue in order to control the the creation of stablecoins, they could have prevented some if they were just actively watching the crypto industry or they were just trying to let facebook do it and now they are to stop competition before everybody else does.
That's ridiculous. You could just operate outside of the US. They can't do anything then.
Securing a profit? Pray tell?
Everyone in the US uses USD so are you telling me they all are "securing profit" ?
This must be the reason why US lawmakers seek to make stablecoins illegal without federal approval
The US congress is about to create a law about this issue in order to control the the creation of stablecoins, they could have prevented some if they were just actively watching the crypto industry or they were just trying to let facebook do it and now they are to stop competition before everybody else does.
That's ridiculous. You could just operate outside of the US. They can't do anything then.
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.
I think USDT is fairly important especially to small traders like me.
Securing a profit? Pray tell?
Everyone in the US uses USD so are you telling me they all are "securing profit" ?
not everyone in the US is a trader, I'm applying my statement for me, not to all the citizens. Common sense pls.
^ I think that despite the various controversies behind USDT, we need to admit that in times of volatile markets like now, we need stable assets and I think USDT is still the best choice.
if the USD is problematic, it will also affect the USDT price.
what do you think about this?
what do you think about this?
I think you are missing the idea behind a stable coin being pegged to a FIAT currency, 1 USDT will always have value approximately equal to a dollar, this makes it nonvolatile comparatively. I don't think there is any issue with USDT regarding your points, even though I understand your concerns. USDT has helped me a lot to limit loss before massive market drops since I mostly trade USDT pairs.
USDT have faced some hardship in the past, SEC, regulations, etc but till date this centralized stable coin have managed to be the most successful stable coin so far, yes USDT is centralized and they can mint when they like, that isn't my own business, my own is to use the coin for it's real purpose as far as it works, right? Even DAI stable coin that's decentralized can't beat USDT, decentralized? Hm whatever, the choice is yours
It it’s being used to pump bitcoin then I love it, otherwise I am numb to it & don’t have any interest in it. I’ve never had any dealings with it myself if I’m honest.
My point of view about usdt is that it's a great alternative if the crypto market is on a downside movement, you can easily convert your crypto holdings into usdt thus maintaining it at a higher price before it goes down in value.
That will be applied on US territory and if you are not coming from US or US citizen and then that's not a big problem for you to use the stable coin. It looks like the majority of stable coins will be banning US customer from their service.
I guess the exchange site will not also let the US citizens to use stable coins too. It will be giving a big impact to the US citizens.
It is very true, it will only apply to the people of US, but of course it will also have a big effect if it is true that they will implement strict regulations on USDT. But considering the large number of US users, maybe there will be an adjustment to the regulation? I'm not really sure about that I guess the exchange site will not also let the US citizens to use stable coins too. It will be giving a big impact to the US citizens.
USDT is one of the most stable coin. USDT is stable coin and is based on USD. These coins exist in all exchanges. Almost all exchanges trade more with this coin. I still prefer to use USDT in crypto if I'm not using my funds in trading because it was stable and safe for my funds. And when it comes to trading, we do USDT in this peer.
Although USDT got into some shit from the past, controversies after controversies I still use it for stabilizing my balances to avoid market fluctuation, one thing you should do is not to let your funds sleep in any currency but only with decentralized currency so you can sleep peacefully. There are bunch of stable coins in the market but it isn't paired with every coins, unlike USDT, so most probably people will just use USDT. If you're a trader like me, you won't have any problem using USDT 
that's the positive side USDT can be used for the best asset storage like today .. so I think maybe USDT has a lot of advantages and USDT should always remain in crypto to balance crypto Jump to: