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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: miguelau on February 09, 2019, 07:34:43 AM



Title: Tether vs True USD?
Post by: miguelau on February 09, 2019, 07:34:43 AM
Hello everyone, I'd like to know which of these two options is best to freeze my cryptos, which of these two recommend me? Based on your experiences, what is the best? thanks in advance  :D


Title: Re: Tether vs True USD?
Post by: batang_bitcoin on February 09, 2019, 11:36:33 AM
I don't use stable coins but whatever you use to them, they're both fine. You may want to consider other stable coins too.

  • USDC
  • GUSD
-- they have currently experiencing a problem


Title: Re: Tether vs True USD?
Post by: muslol67 on February 09, 2019, 11:41:03 AM
Hello everyone, I'd like to know which of these two options is best to freeze my cryptos, which of these two recommend me? Based on your experiences, what is the best? thanks in advance  :D

I don't trust this two but if I should pick one of them, It would be definitely Tether. Tether is first of its kind. And it was usefull for bear market.

After USDT one by one many coins has came. TUSD, PAX, Gemini USDC... Why we need that? Tether was enough.


Title: Re: Tether vs True USD?
Post by: casperBGD on February 09, 2019, 11:44:12 AM
Hello everyone, I'd like to know which of these two options is best to freeze my cryptos, which of these two recommend me? Based on your experiences, what is the best? thanks in advance  :D

it is easier to keep USDT, since it is easier to convert USDT to any kind of crypto, then always convert to fiat and convert back afterwards


Title: Re: Tether vs True USD?
Post by: belli4388 on February 09, 2019, 11:52:58 AM

on a personal level i prefer true usd even if it seems that has already done a split / swap but only because it is on the blockchain of eth, however there are also other stable coins to consider (usdc)


Title: Re: Tether vs True USD?
Post by: LUGHUL on February 09, 2019, 12:00:48 PM
Tether had shown that he was a stable coin. When all the crypto prices dropped, Tether was the only stable coin. So I think it would be better to choose Tether, because we will easily exchange tehter with other crypto.


Title: Re: Tether vs True USD?
Post by: mindrust on February 09, 2019, 12:11:49 PM
Neither.

These are centralized projects not different than your steam balance.

If you want to save USD, get yourself a bank account and keep them there.

If I had to use one, I would go with tether but that's not because I trust them, it is because they have a longer history than the others.



Title: Re: Tether vs True USD?
Post by: indriasyifa on February 09, 2019, 12:26:03 PM
the price is true USD and Tether tends to be the same, but I see true usd is more promising than tether, if I am in your position, I would choose to invest my money in True USD, because the graph follows usd prices. so that the risk conditions of the speculative cryptocurrency will be slightly controlled.


Title: Re: Tether vs True USD?
Post by: BitcoinHodler on February 09, 2019, 12:42:33 PM
neither!

if you want to have something that can keep its value then go back to fiat, real USD is the only choice. anything else is considered a highly risky and volatile altcoin even if currently their prices may seem stable.
not to mention that these tokens are centralized and if anything happens to the company behind them (like Bitfinex company scamming) the token you bought (like Tether) would tank to zero in less than an hour.


Title: Re: Tether vs True USD?
Post by: pat4cryptoreal on February 09, 2019, 12:55:25 PM
If you really need what is entirely risk free at any time it is the true USD that is the best. Though Tether have proven to be reliable for some time.


Title: Re: Tether vs True USD?
Post by: novusordo on February 09, 2019, 01:00:46 PM
Hello everyone, I'd like to know which of these two options is best to freeze my cryptos, which of these two recommend me? Based on your experiences, what is the best? thanks in advance  :D

I don't trust this two but if I should pick one of them, It would be definitely Tether. Tether is first of its kind. And it was usefull for bear market.

After USDT one by one many coins has came. TUSD, PAX, Gemini USDC... Why we need that? Tether was enough.
No, we need more stablecoin in this market to make the market more competitive and make it more stable. Just like we were too dependent on USDT and its price was easily changed


Title: Re: Tether vs True USD?
Post by: Awesomus Maximus on February 09, 2019, 01:21:46 PM
Stable coins work fine until they don't work any more. It is just a matter of when, not if, they will fail. And when they fail, they will fail strong. And when they fail, you don't want to have your money with them. What I want to say is that you are taking a risk every time you convert your crypto to stable coin. On the other side, you are taking a risk every time you send your crypto to an exchange as well. It is risky either way. I would choose USDT and pray it will remain stable during the time I need it.


Title: Re: Tether vs True USD?
Post by: tamango on February 09, 2019, 01:28:27 PM
I really don't understand why people will use stablecoins...they are not so safe as they seems and if you want a pegged coin I think the safest option is still to convert crypto to fiat.


Title: Re: Tether vs True USD?
Post by: hummer113 on February 09, 2019, 01:37:07 PM
I would not advise to use the stablecoins in the long term, they are convenient to trade but no more.


Title: Re: Tether vs True USD?
Post by: beachbummer on February 09, 2019, 02:29:34 PM
I would not advise to use the stablecoins in the long term, they are convenient to trade but no more.

Yes, agree with this statement as fiat-pegged stablecoins are probably good for parking your coins for a short period of time before going back into the market. If the purpose is to hold the fiat-pegged stablecoin for a long period of time, it will be better to just hold on to the fiat currency.


Title: Re: Tether vs True USD?
Post by: as9ardia on February 09, 2019, 02:32:08 PM
I think both are same, both are stable coin, the price on stable coin usually not too significant changes , following the prevailing fiat rates. but if possible to give some advice, it would be better to use non-stable coin for long term trade.


Title: Re: Tether vs True USD?
Post by: bangkecol on February 09, 2019, 02:32:40 PM
I prefer to use USDT(Theter) . this coins is the first stable coin in the cryptocurrency.
This coin has listed on the top big exchange like binance.


Title: Re: Tether vs True USD?
Post by: cryptoman87 on February 09, 2019, 02:35:07 PM
Imho, there is no matter which stable coin to use. All of them are safe and its anyway better to fix your profit in fiat rather in BTC/alts.


Title: Re: Tether vs True USD?
Post by: Saint1990 on February 09, 2019, 02:56:35 PM
There are plenty of option now a days to take advantage of stable coins such as TUSD, PAX, USDT, USDC, GUSD, HUSD, DAI, USDS etc. Before choosing stable coins following points should be taken care of :-
1)Transparency — How transparent is the system? Does the system rely on the trust of a central actor? If so, are the procedures to view the inner-workings of that central system reliable?
2)Auditability — Can everyday users audit the systems financial fundamentals. Can the collateral be confirmed?
3)Stability Mechanisms — Assuming regular market operations, what factors keep the coin stable? Are they algorithmic based? Collateral based? Fiat based? What are the strengths and weaknesses of each system?
4)Fallback procedures — In the event of a failure in the particular system, how stable are the underlying assets. Do protections exist to return users funds?
5)Scalability — Can the system grow to support a broad ecosystem?
Source :- https://medium.com/makerdao/part-3-the-strengths-weaknesses-of-stablecoins-62f13b592e3f
Read this post also it will give you more knowledge about Stable coins
https://medium.com/makerdao/part-1-why-stablecoins-matter-3b273e1c529e
https://medium.com/makerdao/part-2-a-primer-on-dai-3b6d1506fa83

Out of Tether & TUSD i will  choose TUSD because they provide monthly Audit reports of account holdings Where as we usually get news about tethers questionable audit quarterly which does not look safer to me.


Title: Re: Tether vs True USD?
Post by: trash321 on February 09, 2019, 03:05:28 PM
Among such projects, I can confidently highlight the USDT despite all the doubts of people who have already arisen. Because they still can not conduct an audit of their project. I think that he will not appear.


Title: Re: Tether vs True USD?
Post by: dulinivanrus on February 09, 2019, 03:19:49 PM
Personally, I use Tether when trading bitcoins on the stock exchange, but I don't like stable coins. I know that Tether likes to release new coins for personal use to buy bitcoins. It seems to me that this is wrong !


Title: Re: Tether vs True USD?
Post by: BigBoy89 on February 09, 2019, 04:27:10 PM
Hello everyone, I'd like to know which of these two options is best to freeze my cryptos, which of these two recommend me? Based on your experiences, what is the best? thanks in advance  :D

If you have only Bitcoin and want to freeze it to it's dollar value for a short time, I would recommend you to use Bitmex or Debitit contracts, shorting.
I'm not a fan of stable coins, but most non-problematic for me is USDC.


Title: Re: Tether vs True USD?
Post by: ibrahim160994 on February 09, 2019, 05:02:48 PM
I see that USDT has a more crowded team and community, this means that investors are more interested in this coin so I think USDT is more promising than theter


Title: Re: Tether vs True USD?
Post by: crabwheel on February 10, 2019, 10:39:14 AM
I don't trust this two but if I should pick one of them, It would be definitely Tether. Tether is first of its kind. And it was usefull for bear market.

After USDT one by one many coins has came. TUSD, PAX, Gemini USDC... Why we need that? Tether was enough.
No, we need more stablecoin in this market to make the market more competitive and make it more stable. Just like we were too dependent on USDT and its price was easily


Title: Re: Tether vs True USD?
Post by: VitKoyn on February 10, 2019, 11:29:15 AM
Hello everyone, I'd like to know which of these two options is best to freeze my cryptos, which of these two recommend me? Based on your experiences, what is the best? thanks in advance  :D
It depends on you, but if what is more secured for me, I will choose to use usd or fiat to stop my cryptocurrencies from losing value in a bearish market, though I have been using tether for trading in some cases. If you choose it to stop your cryptocurrency from losing value and use exchange or online wallets to store it then you have to rely on exchanges the security of your coins which is of course very risky especially if you have plans to have your funds in tether for a long time. But of course you can secure it by your own. So for me, for short term tether and fiat if you don't actively trading cryptocurrencies or waiting for good timing to enter the market again.


Title: Re: Tether vs True USD?
Post by: DanWalker on February 10, 2019, 11:58:29 AM
I don't use stable coins but whatever you use to them, they're both fine. You may want to consider other stable coins too.

  • USDC
  • GUSD

GUSD has some problems atm:
https://www.coindesk.com/winklevoss-crypto-gemini-gusd-stablecoin-redemption
https://www.fxstreet.com/cryptocurrencies/news/gemini-punishes-otc-trading-desks-for-gusd-redemption-201902081137

It could be dangerous to keep large amounts of GUSD because of that. In contrast of GUSD, USDC looks pretty nice at the moment. But still we all should keep in mind the investor's golden rule.


Title: Re: Tether vs True USD?
Post by: Wildwest on February 10, 2019, 12:12:39 PM
I think Tether is the best, because all this time the price is always stable and you can take advantage of every reflection calmly without fear of losing a lot


Title: Re: Tether vs True USD?
Post by: publicjud on February 10, 2019, 12:13:22 PM
I don't trust this two but if I should pick one of them, It would be definitely Tether. Tether is first of its kind. And it was usefull for bear market.

After USDT one by one many coins has came. TUSD, PAX, Gemini USDC... Why we need that? Tether was enough.
No, we need more stablecoin in this market to make the market more competitive and make it more stable. Just like we were too dependent on USDT and its price was easily

Same thoughts about Tether, but I disagree with you about the rest part about stablecoins. To me we need as many stablecoins as possible for diversification. We can't be sure at any of them, so it would be reasonable to have them all to reduce risks.


Title: Re: Tether vs True USD?
Post by: bitcoinmar on February 10, 2019, 12:17:41 PM
Hello everyone, I'd like to know which of these two options is best to freeze my cryptos, which of these two recommend me? Based on your experiences, what is the best? thanks in advance  :D

Currently Tether is still a better choice because it is popular on almost all exchanges. And most OTCs allow them to sell cash. So you should choose USDT


Title: Re: Tether vs True USD?
Post by: veekky on February 10, 2019, 12:27:33 PM
To my mind tether is better than true usd simply because there is more trust and entire crypto system was created with tusd.
 That's the best stable coin ever! Don't miss it!


Title: Re: Tether vs True USD?
Post by: whatthesith on February 10, 2019, 12:30:27 PM
Paxos is the best one, they claim to be first regulated and audited stable coin on the market. They have nice support from Binance - zero trading fees offers and many more!


Title: Re: Tether vs True USD?
Post by: makerst on February 10, 2019, 12:33:54 PM
In the real world today there are a large number of people who are beginning to doubt that the projects of stable Coins generally make sense. Think what it is? This is after all the implementation of fiat money into digital assets. Why sell BTC today for candy wrappers that cost nothing?


Title: Re: Tether vs True USD?
Post by: sssergy on February 10, 2019, 05:28:10 PM
This two coin is for frozen your invest, here I like Tether old and experience. You should check supply this two coin and also those trading volume.


Title: Re: Tether vs True USD?
Post by: Cianix on February 10, 2019, 05:34:26 PM
Hello everyone, I'd like to know which of these two options is best to freeze my cryptos, which of these two recommend me? Based on your experiences, what is the best? thanks in advance  :D
I use for a long time already usdt and I have never had a claim to this coin as it is very common on exchanges that is much more convenient, still would have allocated usdc he was audited in the United States


Title: Re: Tether vs True USD?
Post by: Spider A4 on February 10, 2019, 05:36:07 PM
Tether (USDT) is the best in the people commendation and i think almost holder trustworthy if you can check USDT volume. In every exchange high volume is Tether pair with other coin. But i think if you have to need freeze small amount than try TUSD.


Title: Re: Tether vs True USD?
Post by: EdenHazard on February 10, 2019, 05:40:28 PM
Choose both because they have the same system (centralized system) unless you give other choices that are truly pure have a decentralized system like bitcoin, surely I prefer to choose bitcoin than the two tokens.


Title: Re: Tether vs True USD?
Post by: ololajulo on February 10, 2019, 05:44:09 PM
Tether (USDT) is the best in the people commendation and i think almost holder trustworthy if you can check USDT volume. In every exchange high volume is Tether pair with other coin. But i think if you have to need freeze small amount than try TUSD.
A lot of investigation had been done on the project's account and team, and was found worthy and credible. It has the longest track record of stable coin. I am also thinking of making a better use of the coin in the future.


Title: Re: Tether vs True USD?
Post by: batang_bitcoin on February 11, 2019, 12:02:55 PM
I don't use stable coins but whatever you use to them, they're both fine. You may want to consider other stable coins too.

  • USDC
  • GUSD

GUSD has some problems atm:
https://www.coindesk.com/winklevoss-crypto-gemini-gusd-stablecoin-redemption
https://www.fxstreet.com/cryptocurrencies/news/gemini-punishes-otc-trading-desks-for-gusd-redemption-201902081137

It could be dangerous to keep large amounts of GUSD because of that. In contrast of GUSD, USDC looks pretty nice at the moment. But still we all should keep in mind the investor's golden rule.
Hey thanks for the heads up!

I'm not aware of that so with that kind of news, I'll remove GUSD for the meanwhile and use a better stable coin if someone would convert their crypto into stable ones.


Title: Re: Tether vs True USD?
Post by: whatthesith on February 11, 2019, 12:16:04 PM
This two coin is for frozen your invest, here I like Tether old and experience. You should check supply this two coin and also those trading volume.
That is why they were created - to be stable when market is crashing. You can easily sell your coins for stable coins, after market situation changes, then buy more cheap cryptocurrencies ;).


Title: Re: Tether vs True USD?
Post by: Bravext on February 11, 2019, 12:24:16 PM
To be honest, I have not used True USD before, I have been hearing if it quite alright but I have never used it, Tether is the one I have used and I can recommend it to you anyday, anytime.


Title: Re: Tether vs True USD?
Post by: Chemcrier on February 11, 2019, 12:25:40 PM
Tether has proven beyond reasonable doubt a that they are here to stay, can you remember the last scandal that rocked Tether? Even with all the controversy, the price didn't change much, it was still pretty much stable, to be that is the definition of a dependable stable coin.


Title: Re: Tether vs True USD?
Post by: CoinsOrDie on February 11, 2019, 02:18:18 PM
To be honest, I have not used True USD before, I have been hearing if it quite alright but I have never used it, Tether is the one I have used and I can recommend it to you anyday, anytime.
Obviously, USDT is too popular and most people here use USDT in trading. I am like you when I have never used another stablecoin, I have seen a lot of stablecoin created but I only trust and use USDT because it has become a habit


Title: Re: Tether vs True USD?
Post by: Caladonian on February 11, 2019, 02:21:54 PM
To be honest, I have not used True USD before, I have been hearing if it quite alright but I have never used it, Tether is the one I have used and I can recommend it to you anyday, anytime.
Obviously, USDT is too popular and most people here use USDT in trading. I am like you when I have never used another stablecoin, I have seen a lot of stablecoin created but I only trust and use USDT because it has become a habit
USDT already cater traders needs in terms of activity inside the exchange, this trading pairs have a good volumes and really being used by traders
who understand the benefits, price are being kept and still can be classified as stable coin, when you are not sure what to use while working with
day trading, this coin is one of those best options.


Title: Re: Tether vs True USD?
Post by: TastyChillySauce00 on February 11, 2019, 02:24:58 PM
To be honest, I have not used True USD before, I have been hearing if it quite alright but I have never used it, Tether is the one I have used and I can recommend it to you anyday, anytime.
Obviously, USDT is too popular and most people here use USDT in trading. I am like you when I have never used another stablecoin, I have seen a lot of stablecoin created but I only trust and use USDT because it has become a habit
USDT already cater traders needs in terms of activity inside the exchange, this trading pairs have a good volumes and really being used by traders
who understand the benefits, price are being kept and still can be classified as stable coin, when you are not sure what to use while working with
day trading, this coin is one of those best options.
USDT also one of the earliest stable coin, they also have undergo an audit done by rhe authority therefore making them more legit.
However some people said that exchanges which provide usdt always requires KYC, that actually does makes sense because they need to avoid moneu laundry.


Title: Re: Tether vs True USD?
Post by: beerlover on February 11, 2019, 03:29:28 PM
Hello everyone, I'd like to know which of these two options is best to freeze my cryptos, which of these two recommend me? Based on your experiences, what is the best? thanks in advance  :D
Tether is really nothing I will ever use. I never used it and I will continue not using it. True usd is always the correct version to use.

Why would I use something that represents dollar when I can actually get dollar itself. It makes no sense to have a stable coin for something that already exists, bitcoin is not the digital version of another thing, bitcoin is what bitcoin is, tether just acts as if it was dollar when its not.

Also there was a whole news cycle about how they store their "billions of dollars" in some shady bahama bank where even the mafia puts their money in and drug dealers of Latin america as well so there is no point of trusting the tether company behind the stablecoin neither since they are shady as hell and do not look like they will continue for a long time. They may just take all the money and leave and we wouldn't be capable of doing anything since the money is offshore and untouchable. If they put all that money into some trusted countries huge bank then I will reconsider.


Title: Re: Tether vs True USD?
Post by: deodivine1 on February 11, 2019, 03:38:00 PM
Nice question, but asking which is best between two stable coins is really not easy to make a choice. Both are good, I've been converting my portfolio to both, but most times USDT. worry not, you can convert to any since both are safe. I understand why you asked because some acclaimed stable coins are not really meeting up with their aim, but that's not the case for the ones you mentioned.