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Bitcoin which weighs around 70% of all computerized resource world's reasonable worth was whipped by Tether which presently reigns as the most utilized cryptographic money in the advanced market exceptional.

In flunky's fund market reports and consequences of any exchange and volumes are elusive in any outlines present on the web.

An as of late announced information from CoinMarketCap.com shows Tether having the most elevated volume in both day and month to month exchanges, Yet Tether has multiple times littler market upper casing, But in April Tether took over Bitcoin for having a higher exchanging volume and has Increased from that and has been stretching around $21 Billion every day, seen toward the beginning of August.

Tether is presently right now exchanging at $1.01 USD and has a ROI (Return on Investment) of 0.52%, It has a Globally assigned position of #4. It has a market top of $4,129,600,377 USD, it has an all out inventory of 4,207,771,504 USDT . Tether has an identical estimation of 500,902 BTC in Bitcoins. In the present month Tether's exchanging volume was 18% more than that of Bitcoin, which imprints tie as a significant coin and resource in the digital currency biological system.

News Source: TheCoinRepublic (https://www.thecoinrepublic.com/tether-beats-bitcoin-as-the-worlds-most-used-cryptocurrency/)

Before I even click the link...Coinmarketcap data?
Bingo, what else!

Now, before anything stupid gets posted here:

Checking the pairs usdt is traded against by volume and exchanges, the first 10 and 19 out of 20 are USTD/BTC.
So...no BTC...no tether!

Second, just because some shady exchanges inflate their trading numbers this doesn't make tether the "world" most preferred cryptocurrency. When tether will have as many shops accepting only tether as bitcoin does, then it will be.
Till then, it's just another shitty stable coin.

And yeah, a website ranked on the 250000 place in the world by traffic is doing 600 million $ in volume.
Legit!!!

Based on data tether might have gained more exchange volume against bitcoin over the past few days. This doesn't mean tether to be the most preferred cryptocurrency. If tether is the most preferred cryptocurrency why can't we find online stores as well as other platforms to accept tether into their businesses same as bitcoin or ethereum. Tether is just a Stablecoin which is much preferred for the trading needs. This is where it gets the increased volume, and if the same is achieved through transactions and other forms of spending then it is agreeable that tether is the most preferred among cryptocurrencies.

I have just a very short answer to this...

 Btc is accepted technically every crypto-currency recognized establishments,  not Tether

 I guess a part of you already knew that Btc is king.

Tether is very much limited on exchange-exchange trades/transactions and not really P2P or people to establishments/services in the real world, so no, Tether is far from being the preferred cryptocurrency on real-world transactions. The description of the OP doesn't match what the real world has, and have playfully misinterpreted the data--or mixed it up, whichever you prefer--on what it really does. Coinmarketcap only posts market movements within exchange platforms, and it does not include other establishments accepting cryptocurrencies as payment.

Heck, if you can even go to one establishment, just one, which will accept USDT in exchange for goods or services, I'd be in awe.

CMC data is always incorrect. Sometimes a coin we've never heard of can suddenly enter the top 10. Moreover, the comparison of Bitcoin and USDT is not even correct. Tether is just a tool. Bitcoin is the actual cryptocurrency. I think you should first understand what Tether is.

Yeah, i have seen this. If you want to see how much Tether is better than Bitcoin, just try comparing their use cases. You won't find merchants or services accepting Tether. Not to mention that numerous exchanges tend to inflate their trading numbers. And don't even get me started on Tether controversies.

Let's do one thing. Remove all trading pairs from the crypto exchanges and make one unified rule where traders are allowed to buy and sell any cryptos using only fiat. No other trading pairs will be allowed.

I want to see how much volume USDT receives after this! USDT is just a vehicle of investment and trade. It is a mediator currency, not a preferred one!

We cannot deny that the transaction regarding tether is very high compared to bitcoin since tether is US dollar itself. Tether is like a digital number on your bank account when you deposit some cash and this digital currency that represents dollar is stable in value compared to cryptocurrency out there. Thus because of its nature it has more volume of transactions compared to bitcoin and other crypto currencies. But people does not really see tether as a cryptocurrency but they see it as a US dollar representative. Hence, bitcoin is still the worlds most preferred cryptocurrency for me.

One thing that cannot be argued about here is that BTC is the generally accepted coins for most transactions/exchange in the cryptosphere, and not tether. I'm not going to even argue whether or not this information shared is tru or reliable, but one thing is certain here, and it is the fact that the world's most preferred cryptocurrency is bitcoin.

You should take a look this website. https://coinmarketcap.com/ and you have to check volume 24H section. I think this posts and blogs completely clickbait and completely for google ads  ;D But nobody reads them in shock because it's all bullshit.

I agree with you 100%, a lot of exchanges fake their trading volumes and I think this isn't a new thing: https://www.coindesk.com/fake-volume-on-crypto-exchanges-isnt-the-half-of-it
Also there is a little talk about tether.
And also again, tether isn't a stablecoin at all. But if we talk about it's popularity, then tell me, are these businessmen sane when they prioritize bitcoin over other cryptocurrencies? If any shop or business accepts cryptocurrency, that's bitcoin at first, also it's possible to pay taxes with bitcoin in Uhio, not with tether, yeah, it's like that.

ROFL.
before i even opened this topic i knew i would see a centralized shitcoin i never though that shitcoin is tether, i thought a coin that usually people bag hold like XRP or something.
as for tether what do you think people are using it for? they are day traders who are utilizing this shitcoin to make profit and put it in their bitcoin wallets as they increase their [bitcoin] wealth. in fact the only usage tether has is in the altcoin market as people don't want to get dumped on and don't have access to fiat markets so they are stuck with a fiat-lookalike to trade altcoins and make profit.

Cryptocurrency? I never even treated tether as one, these centralized coins keeps on popping out of nowhere, and even though there is news regarding this most used cryptocurrency in the world and they are referring tether as this cryptocurrency, I guess this is just fo show to make tether popular in the eye of the public, In my opinion, there are people behind the increase of the price of this stable coin, and they are moving in secret and in silent in pushing this stable coins into being a cryptocurrency.

And you did not even took the liberty to tell why?

You just input numbers and some crappy definition and more garbage.
Have you tried trading my friend?
Have you seen the pairs?
Mostly Tether had been the escape route to avoid losses. It is not really because they want to invest with it.
It is just a way to make profit with other crypto currencies against.
So it doesnt matter if it goes up until it hits the roof. It is just being abused for now.

Places that accept bitcoins as payment option: thousands.

Places that accept Tether as payment: none that I know.

You said Bitcoin has 70% of mining power in the world.

For me it is just a trick to make Tether look more popular. They always looked sketchy, in my opinion

Damn I'm glad you are the first one to reply after this fake news, I have not seen any shop accepting Tether and I don't think I will encounter that many, so many posts are rephrasing and finding data just to prove that the coin they are supporting is beating Bitcoin, I don't buy it, we can hardly find Tether topic until you bring it here with a very catchy title.
One way to find out which coins got the most support is to just open your eyes and you can see the truth.

People from world wide knows bitcoin. Most of the online businesses accept crypto only accept bitcoin hardly ETH or other old coins. USDT is not known worldwide at all. Take a look at a people near you to ask them if they heard about USDT at all ever.  They would have no idea about USDT but some may have heard about Bitcoin. It's Funny that people comparing bitcoin with USDT even the second most popular crypto ETH is ahead of USDT.

USDT is already known as a shady coin that can collapse anytime. The only reason they are still in the market because they are supported by some big crypto exchanges. USDT was created because of bitcoin. So it would be childish of us if we say USDT is better than Bitcoin. USDT isn't even trusted by the community reason we have some regulated USD token aka TUSD USDC etc.

First and foremost i do not believe the data presented by CMC as the volumes given by the exchanges are not accurate. Second of all i consider Tether as a centralized coin which will blow up any time. They lied before that they are pegging every coin with the united states dollar but then they were forced to reveal that it was not the truth. Even if you are seeing huge volumes in Tether does not mean it can be trusted, it is just a disaster waiting to explode in my opinion  :P.

This is due to the long bearish market going on in the past. People want to keep their holdings in USDT instead of risking any of it in BTC or any other altcoins. Moreover the best part about USDT is it's standardized Value which means if you are keeping price of something as 10 USDT it will always fetch you the same amount if FIAT as it is directly pegged against the USD. However recently it has been brought to light that it is highly manipulated by some major exchange like bitfinex and not all the USDT present in circulation is pegged against USD infact a very low percentage of that is pegged rest is without any backing. But despite of many competitors like USDC, PAX it still remains the most used dollar pegged coin.

Is tether even a cryptocurrency in the full meaning of this word?
It's centralized and can be made up whenever its owners choose to.
It was supposed to be pegged to the dollar 1:1 but is not. In reality a lot of it is made out of thin air.
It's called a stablecoin for a reason. These coins aren't made to function on their own. They offer a way to exit to something that is meant to simulate the dollar to people who for some reason cannot use the dollar due to lack of licenses or something else.

Like others said in this thread: no BTC = no USDT. The only use of USDT is to make trading BTC easier. Without BTC there won't be a reason for it to exist.

That's a lie. Bitcoin is the most preferred and famous and accepted cryptocurrency all over the world, by a large margin.

OP, there's a reason Bitcoin dominates the market with a whooping percentage. 70% is no mean feat. I know a lot of people will wish this data is anything to go by just so they see Bitcoin relegated. Well, from the look of things this isn't going yo be any time soon.

I don't buy this info about Tether. I mean, yeah, it is a widely used 'cryptocurrency', that's true. But, as some other people have already mentioned, remove Bitcoin and there won't be that much of Tether left. And the Tether that will remain still would not mean much. Tether is used instrumentally, as an intermediary between fiat and cryptocurrencies. And it's used specifically for trading because it's useful to have a coin with a very stable price in a trading pair. It's not a coin that's getting adoption in other areas, even though some could also benefit from its stability. But tether is a very risky project. They used to say each coin was backed up by one dollar. Then they said that it's backed up with something valuable. But it might turn out to be backed up by nothing but hype! And in this situation, it can collapse at once, which is something that would not happen to an actual decentralized and not a fiat-based cryptocurrency like Bitcoin.

Nope it's never my option to hodl Tether I have nothing to do with a stable coin whose functionality depends on Bitcoin, like all the others are saying it is Bitcoin dependent nothing more than that and will stay that way, all my newbie friends are asking me about these stable coins and I always say forget it, it is Bitcoin dependent, there's a lot of coins out there with usage.

You are right with your analysis, but let me ask you, how many coins can you trade Tether with? In every exchange you have the highest opportunity to trade Bitcoin with whatsoever coins you want, while Tether on the other hand is only used to hedge funds, that's for traders. So apart from using Tether to hedge funds what other use does it have? How many coins can be traded with it? Just few. Till years to come, Bitcoin will remain the top and most preferred cryptocurrency.

If we are going to look at the reason why some traders including me uses tether, that is because tether is a good stable coin that can be good to pair with BTC. For example, if the market price of bitcoin is downtrend, we sell BTC and buy tether in a sense that we need to save the value of our bitcoin, in which is we preferred right from the start, not the tether. The title best suits to be, tether: The most used trading pair to bitcoin (BTC/USDT). We, traders, aren't investing on stable coins, we want profit.

I dont want to be bias but he got a point  Tether is traded also in most exchange and will probably have a consistent and stable price since it is pegged and known to be USD in our term of currency but in digital form. Meaning it will be based on price of the USD, but what it makes me wonder is why the hell they made stablecoin for. I guess to balance the marker trading for cryptocurrency. That's its only purpose so btc will always be the great innovation ever added in world.

Honestly for me bitcoin is still the king even if it's price is continue to fall time will come that bitcoin will recover and steal the crown again as king of all coin. All we know that all here in crypto world ia temporary so be ready of every possibilities specially in change of price value quickly and regularly.

Even if the volume of Tether overtook bitcoin, we still can't call it the preferred crypto. Though there is a small number of people that are attracted by the interest provided in the stablecoin no trader or investor would prefer to keep their money in stablecoin. If they were, they wouldn't be exchanging it from fiat.
Tether might be the universal stablecoin at the moment but they are slowly losing their grounds with the introduction of new stablecoins.

That's what I thought so too. There's no way that a shitty stablecoin like that would beat bitcoin in cryptocurrency usage. Like there must be something fishy about it. In my experience, Bitcoin is still the number cryptocurrency that merchants accept. I don't see any tether in most of the shops I know. Even online games accepts Bitcoin now.

At this point, we all know that coinmarketcap data is inaccurate.

tether can be only use online as stable coin and nothing more to offer so i ithink is gonna hard for them to make it a main crypto currency . other than that this is only build in eth platform not even have there own blockchain .

Exactly. Without BTC, this market could not exist and USDT also does not make any sense. USDT only supports people coming to bitcoin faster

That's true and without tether's claim if that is fully backed by dollar to give tether the stable value and we will never need tether. But its claim has already used to fool so many people and this time the company is doing whatever they wanna do even to issue more and more tether anytime.
Tether is also getting its value from its fake claim to be fully backed by fiat and then changed it after so many people have been fooled by tether company.

Do not compare stable coin with non stable coin, even if tether have biggest market cap this doesn't make it better than bitcoin, i guess many traders favour tether than other stable coins and they prefer is because its the oldest, without traders stable coin will be useless now that many exchanges have fiat access on their platform

Am I stupid to say that the best cryptoqurrency is bitcoin?
Am I wrong to see that bitcoin has ever reached the price of $ 19.5k?
Is cryptoqurrency stable one of the most preferred coins in the world? (Tether)
yes ... I hope you can judge from this basic aspect.

Currently Tether may have surpassed Bitcoin's trading volume due to many traders and holders using it to mitigate Bitcoin's somewhat downward fluctuating value right now thus protecting their portfolios to its volatility. Yet, should the bullish market commence once again, I would assume it will trigger a signal for holders to convert their Tether into Bitcoin and should propel Bitcoin to regain its spot in crypto markets once again.

I would also like to point out that Tether did overtake Bitcoin in terms of trading volume but this is only across exchanges and not about real transactions occurring across its ecosystem. Also, Tether's volume could be manipulated to influence the perception of other people on Bitcoin's dominance! In terms of mass adoption, Bitcoin still is the king and not Tether which is mostly confined within exchanges and not across the real world so that we can safely say that Bitcoin is still the "preferred" cryptocurrency! Imho.

Without Bitcoin, the existence of Tether doesn't matter for the crypto traders. The high volume on the Tether is related to the bear market and the profit realization accelerates the daily turnover of stable coins. The 4th place of the most-preferred stable coin has an association with the high volume by the big exchanges which preferred to give a higher ranking for the specific stable coin.

as we know that Tether is one of the stable coins and they only focus on the financial system but not decentralized. so the rise in the price of a coin is centralized depending on the value of the dollar. so if someone compares a stable currency with bitcoin, the difference is very clear. I think the answer is that bitcoin coins are preferred by all traders.

Another issue-peddling, eh?

I have yet to hear someone who tells me that he prefers Tether more than Bitcoin. If somebody tells me that, I will be torn between ignoring him completely for life or get angry at him and lectures him about why Tether is a speck of dust as compared to the giant Bitcoin. I cannot see anything good with Tether except that its value does not lost much. Well, that is its purpose, anyway. Other than that, no more.

It is not going to affect Bitcoin. People don't want to pay for things that was built in thin air.

Although your points are somewhat correct but do you actually think without Bitcoin if Tether would be in existence. That's by the way, let's go practical, are all exchanges using Tether? The answer is no, some are using other stable coins. Also, how many exchanges can Tether be traded with virtually all coins? The answer is none, Tether trading is always limited might not even pass 20 coins. But coming in the case of Bitcoin, the reverse is the case, because Bitcoin can be traded against any coin listed on any exchange unless in rare cases, so with this, which coin is the most preferred and widely used? The answer is clear, Bitcoin.

This development is just temporary because investors and traders are looking to protect their assets from bearish crypto markets and in turn used Tether as a tool for volatility protection, and as a result, Tether's volume went larger than Bitcoin's!
 
Lets just wait until these crypto uncertainties have subsided and the bulls began rallying together again, then we shall see the real "most preferred cryptcurrency" in cryptoverse!  :)

Even though the volume of tether is already high, but without bitcoin there is no price, everything that moves in the cryptocurrency world is very influential on bitcoin,for me bitcoin is still number one and very difficult to compete with,Exchanges that use tether are limited, so this is very different from bitcoin.

There is a truth in what you say because after I check, it turns out to be true if usdt has a large enough transaction volume and beats the number of bitcoin transactions, maybe this happens because usdt is an altcoin which has a stable price nature, so many people make transactions sell and buy usdt in exchange, but we know that if the risk of investing in stable altcoin will only get a small profit and is different as if we invest in bitcoin or other altcoin.

I read that TETHER is temporarily used among cryptocurrencies, since its rate is tied to fiat, everyone buys it on cryptocurrency market pullbacks, but when the era of paper money ends, it will become unnecessary and everyone will buy up bitcoin)

yes, as we know that coins are stable, the opportunity to get profits is very small, because the rise and fall of stable coin prices depend on the value of the dollar and differ from bitcoin and other altcoins they depend on demand and supply in the market. so in my opinion the cryptoqurrency most liked by many people is BITCOIN is not a stable coin.

No coin can take place of bitcoin. After all, bitcoin is the whole reason why we have the opportunity to invest in some other digital coin. I really don’t understand why it is difficult for investors of altcoins to accept that bitcoin is the top digital currency while they understand this fact very much. Also, anyone who would like to invest in something that can return huge profits in no time, he will choose bitcoin for sure.

Well-said. I mean all cryptocurrencies exist thanks to the Bitcoin. USDT is only the emergency escape ramp for all traders, all crypto enthusiast. I don't think USDT will be a major coin for adoption. I also do not support stable coins as well. They are just harming the blockchain and cryptocurrency prices. If stable coins did not exist Bitcoin price could be 50k-100k now. USDT only cause panic on the market, nothing more. I think all exchanges need to delete all of them. Because we are really don't need them in the first place.

Most preferred ?
Yes it is the most preferred when BTC is going down in price. Just sell the BTC and buy tether just to buy back the BTC when it starts to rise.
Although we don't know the time it bull/bear trend, I guess many people use USDT just so that they can trade with BTC at a later point in time.
I don't find any other usecase for tether hence making it least preferred for any other usecase.

Oh my got, how can you compare something that is pegged to a dollar with real cryptocurrency? Of course that Tether has high trading volume because altcoins and BTC are traded in a pair with USDT. This makes trading volume so high, not that there is so much interest in Tether.  :)

I'd ask everyone: how much ( percent ) tether against all other crypto you hold ?
Me: 0

Of course, buying and selling transactions on usdt basis have an effect on the increase of tether volume. For example btc/usdt, eth/usdt, xrp/usdt trading pairs like theese. However, another important factor is that the person can be his or her bank with the tether. For example, some people put their money in a tether wallet instead of depositing it in a bank, because they don't trust banks. I think it is a really important factor