Bitcoin Forum

Traders and alot rich traders investors are in 2 things.
Btc and usdt as USDT is safe place to hold funds but how the exchangers protect this ?
Imagine if something happens with usdt many people will lose so much that they never cant deal with crypto anymore so what is the exvhangers security plan to fully protect customers ?
As myself fully depend on usdt thats how much i trust usdt and usdc also.

People want to be in crypto if they can funds in stable coins to give them safety but if usdt not safe as there is rumours about usdt then all the crypto game will be over.
I can never sleep well if i know my money will be in volatile coins so USDT is now very important and gives confidence for investors and crypto lovers such us myself

BTC guys do not trust USDT. In fact, no one should trust USDT. The traders only use it for their stable value. When they think the market will go down then convert their BTC to USDT so that they can buy back. They may also convert them in USDT if they think they want to do a p2p trade to get cash and btc price is moving too much.

You make it look as if USDT can only be stored on exchanges and it lies on the hands of the exchanges to protect and preserve it. The rumour about usdt vanish or cash is it applicable to only usdt on exchanges?
Besides, there are other stable coins.
If you think of Bitcoin and USDT being in danger, also think of crypto not existing again. Then, ensure all crypto lovers are killed, because the people move the market and not a supernatural force.

If you do not trust USDT, why not use the fiat currency that is on the exchange? For example, the euro or your local currency? I understand that this action also entails certain risks, but if you do not keep savings in the stablecoin but only withdraw from other currencies to fix profits and for further reinvestment, then why not use them?

Crypto lovers loving USDT really sounds ironic hehe. USDT may be using blockchain technology but it's not that different from fiat if you take a deeper look. It is minted by a company that's also under the control of the Government. Exchange protection of your USDT should be the least of your concern when Tether can freeze your funds wherever they may be.

Owning USDT is different from owning real dollars. In terms of technology, USDT is secure, but you can trust USDT as much as you trust the company issuing and supporting it. You should read what Tether actually holds in reserve to backup their tokens.
There are a number of other stablecoins available that operate in a more transparent manner.

I see a lot of confusion in this post. First of all Tether clarified their position with the US government, so that kind of FUD is quite old, and if you really don't trust USDT and want to have stable coins then there are plenty of options out there: BUSD, USDC, UST... Anyway I still don't understand why Tether should scam the whole ecosystem, how they could make more money with a scam rather than keep making a ton of money every single day.

The conclusion that the idea that crypto game will end if usdt crashes is totally incorrect. They are not related and usdt isn't a safe asset because of technical reasons and that most of it is not backed by real dollars reserve in addition to their special design that let the devs behind it freeze any amount of USDT in any address at any time [This happened several times for good reasons but no garantees for what may happen in the future].
USDT is considered safe only by Trading means ; traders freeze their assets during big dumps. If anyone is using it otherwise, i think he is taking a risk .

There is a hilarious saying in my locality that goes, "taking panadol on someone else's headache" or "asking someone to vomit what they never ate". That's almost exactly what your asking. Mind you, all these BTC or USDT are coins one do invests in depending on there purpose.

Anything thing to note is that, those are some different projects or companies that differ from the exchanges. Exchanges only provides the needed services by listing these coins for trades and you get to invest in them because, you've found them to be of benefit to your course at any particular time.

The unforseen circumstances or unreliability of any project is one of the reasons why, your asked to always DYOR before jumping in. No exchange would be providing some security over your financial decision.

It should really be on this manner but i do believe that majority specially traders do really treat up USDT on saving up their asses on the time on where bitcoin is too volatile or simply securing out their

profits directly and wont tend to make it affected with volatility but treating it as a sort of storage or accumulation then i dont see for it to be safe or in any coin whether a stable one or not.
You could trust but dont give out 100% and only put up on the amount that you could afford to lose as always yet this had been always the primary rule.

USDT can't be trusted 100% due to it's not backed with real USDT while they claimed the project backed with 100% USD. Also it's centralized and they can froze your tokens whatever they want.

The alternative is decentralized stablecoins e.g. DAI. The problem is many exchange doesn't have a lot DAI's pair and not really liquid, but it's safer.

Perhaps it's slower than use USDT if he want to buy Bitcoin on specific moment or his local currency highly inflate.

Besides your sarcastic answer, I'm not saying you must trust USDT, I told you some facts, real facts, regarding USDT, that's all. My life won't change wether you trust or not USDT, I simply tried to help you explaining better the situation, if you get offended because you write stuff that doesn't make sense and someone explains you why you're wrong, well, not my problem :)

Not everyone is into thinking that there are stable coins in the market. Majority of the newbies when they've learned about cryptocurrencies, one thing is what they understood and that is being the most volatile market in the world.

That's a few word and understanding and that's why they're aware of anything can possibly pump and dump.

And for people like you that relies on stable coins and thinks of a protection for your money, you have embraced crypto and it's the foremost character that it has.

You have to bear with it but there's a solution on it, instead of USDT, use DAI.

I think this is not new, since the advent of stable coins, they have been accused of running on fractional reserves, they are even been charge of bringing bearish trend on the market and can really put a dent on the price.

I guess the only way to protect yourself and not to fully store your bitcoin into these stable coins. Just learn to hold even if the price is going down and just continue buying and be a long term holder.

Have you also forgotten there are lot of stable coin which investors can easily convert their BTC with? Yes there is, BUSD can be likely used to convert their BTC when the market is at storm. Stable currencies i see is just for funding and payments.

You are correct USDT may look safe for holding on to the exchange since it has a fixed price and is less volatile but again less secured for the holder cause your USDT can be rendered useless or locked by the developer since it's a centralized currency under the control of the government. And I don't consider any fund on exchange as safe because the wallet is no custodial so no keys no wallet anything can happen to your funds in them.

No it is not.
USDT is one of the most centralized and shadiest altcoins that exist. It can literary disappear at any moment when the feds break down their door and shut them down for illegally printing "money".
They also fully control their chain and can reverse any transaction they like.

The altcoin bag holders have lost a lot of money throughout the years and nothing changed... They will continue to lose a lot of money and nothing will change...

Nothing, they will create another centralized shitcoin and the same people would start using that.

If you want stability why aren't you using fiat, namely USD instead of some centralized shitcoin called USDT?
And it has nothing to do with "crypto game" whatever the hell that means. If you want cryptocurrency experience use bitcoin. It is secure, decentralized and nobody can reverse your transaction unlike these shitcoins.

The solution is easy: Don't hold any USDT. USDT is indeed not the safest thing out there because Tether Corp. refuses to be audited by an independent audit firm. The safest thing you can do with crypto is withdrawing all your crypto to your cold wallet where you own its private keys.

Centralized stablecoins are just as insecure as centralized exchanges. I allow the use of these stablecoins for the duration of the trade, but for long-term storage it is better to use DAI or TerraUSD.
https://bitcointalk.org/index.php?topic=5247581.0

The only time I ever use stablecoins is on exchanges, to be honest. Usually when I need to sell a lot of stupid stuff and put them all in usdt or the exchange's version of it like BUSD on Binance, which then is easy to see the value of, before selling it all to withdraw as fiat.

I would never hold any stablecoin as that's to me just as bad as holding a centralized altcoin.

But on the other hand, it helps to avoid double conversions and additional losses on the deposit and withdrawal of currency from a particular exchange. But neither USDT nor fiat currencies are suitable for the holding, so if the question is about the holding, then OP needs to choose currencies with growth prospects.

USDT has always been considered to be stable for about 5+ years which is why people trust it and even when I need to withdraw my money, I use it as it has the lowest fee and is accepted by local exchanges too. If I had to use BTC, I would be paying $20-$50 in fees which is not worth it. It's not worth holding as the price will mostly be stable but if you want to trade, it's the best way out. Exchanges should offer support to hold USD instead of USDT to make it even more safe.

If you are a crypto lover and you choose USDT over anything else, you are not a crypto lover. Why would you be going into crypto if what you will hold is a coin representing the US dollar?

If I were to stick to USDT, I would rather be sticking with cash. At least with my cash, I am in total control of it. I can secure it however I want. If you own USDT and you keep them in exchanges, you are getting into unnecessary risks. First, Tether could freeze USDT. Second, exchanges could freeze your account.

Finally, you aren't protected against the continuous devaluation of fiat if you are with USDT.

If you have to pay $20-$50 in fees when sending BTC, you are either keeping your BTC in some bad custodial wallet that is overcharging people, or you are sending it via exchanges that usually have high fixed fees. If you are keeping your BTC in non-custodial wallets like Electrum that allow you to manually set your fees, you wouldn't have to pay for more than 50-60 cents. Just yesterday I bought VPN subscription with BTC and transaction fees were 50 cents. It could have been much lower than that but I wanted it done fast so I paid a little bit extra.


If you want to hodl fiat, you already have banks for that. After all, exchanges are a horrible place to hold your money for longer period of time. And same thing goes for centralized cryptocurrencies like USDT which can be easily freezed in your own wallet and there is nothing you would be able to do about it. And now compare that to Bitcoin and you will realize how unsafe USDT is for hodl.

I have to ask, why do you have so much holdings in USDT?  This really doesn't make any sense to me.  If you want your money to be in more stable assets or more stable investments, then invest in US stock markets.  Maybe put some of these funds in a Money Market Mutual fund if you're looking for it to grow slightly with stability in mind.  Hopefully you have a foundational portfolio outside of these coins with traditional assets.  It sounds like you might be just taking on too much risk.

Nothing is safe in crypto as prices are constantly changing. USDT may be a place to store value for money temporarily and when the price of bitcoin falls, you can buy it again and sell it when the price of bitcoin goes up so your USDT value increases. Maybe it's temporary security but they will convert USDT into bitcoin or some other coin. Besides using USDT, you can also use USDC, BUSD, DAI, or others to use USDT and have various stable coins.

What do you mean? BTC has significantly lower transaction fees than USDT (on the Ethereum network, which I believe is the most popular). If you are referring to withdrawal fees imposed by exchanges, then you should find a better exchange since it has nothing to do with BTC.


There are many exchanges that support this. You don't necessarily have to convert fiat currencies to USDT unless you want to transfer to external wallets.

Tether isn't just about the scam, but a contradictory treatment of crypto decentralized systems. Since the value backing their token is real USD money, I can conclude that tether could someday damage the ecosystem under regulatory pressure. They are very centralized, for example Tether Freezes $160M of USDT Stablecoin on Ethereum Blockchain (https://finance.yahoo.com/news/tether-freezes-160m-usdt-stablecoin-195757114.html#:~:text=An%20address%20with%20over%20%241,million%20of%20USDT%20was%20stolen.).

I don't think anybody should trust usdt over bitcoin, the only time I make use of usdt is whenever I want to buy a coin and am waiting for the coin to retrace to a particular price first before buying, then an always leave my money in usdt first before buying the coin but I don't trust usdt, I can never leave my money in usdt.

That's just it, though.  It's speculators who love USDT.  They don't need to care about things like permissionless/open-source/financial sovereignty/censorship resistance/etc.  They only need to care about trying to make a quick buck.

I suspect the OP couldn't care less about the things most of us would recognise as the fundamental aspects of crypto.  They're just a mindless speculator and, from what I can gather, not a particularly successful one. 

I'm not a trader, but if I were, I wouldn't trust storing my money in USDT. It's too centralized a stablecoin that can easily block your addresses, and has questionable collateral, judging by its last audit, where collateral in dollars was only about 15%. And why would you want to keep your funds in stabelcoin, what's wrong with bitcoin? I'd also look at decentralized stablcoins and bitcoin-backed stablcoins (there are some already).

USDT compromised itself a long time ago and you can use it only for exchanges, but no way to keep money in it, especially if you live in countries unfriendly to America. And if USDT completely loses credibility and crashes, I think the crypto industry will find another way to interact with fiat. Of course, there will be some serious losses, but that does not mean that USDT is the only solution in the cryptocurrency market.

This is actually a very frightening thing, it becomes even scarier when you realize that USDT is controlled by just one exchange and it is responsible solely for maintaining its value, which means if someday something happens to that very exchange your USDT loses its value. And it's absolutely true that 70-80% of all the wealth of almost all the traders is kept in such stablecoins, which means one shock in such coins is enough to shake all your wealth, I remember such a thing happening a few years back when bitcoin jumped by almost 3000$ from 7k to around 9k after there was a news regarding some abnormality with USDT.

No one should really trust it in the first place but we could not deny that it would really be useful towards your investment steps or actions specially when you are really avoiding volatility or simply securing out your

profits which it would really be normal that it would be ideal on using up USDT on this particular situation.If you are on that consideration on saving up your funds on USDT form then it wont really be that reccomendable
since we know that it isnt decentralized just like on most coins in the market.

Just utilize its actual usage and dont make it as a form of your accumulation of your assets.

Trade can be made with the prediction.But predictions can be achieved with the previous change of price.The pot won’t fill with out the water.The price of bitcoin won’t increased without the investors.So the price variation of the bitcoin need of demand.Demand of product is made by the customers and same on bitcoin by the new investors to the crypto who keep joining market every year.

It's not your money when you pass control of it to someone else. 

Placing trust in others to hold your wealth for you is NOT what crypto is about.  If you think it is, you have seriously misunderstood the entire concept.

Even if the exchange you are using is fully accredited, regulated and licenced, if the exchange ever becomes insolvent, you are merely an unsecured creditor.  Look that up if you don't know what it means.  Then look up what order creditors get paid in when a company becomes insolvent.  You are not at the front of the queue.

And if something happens to Tether itself, my impression is you get nothing.  I don't see any line you can join which allows you to get your money back.  It's just gone.

http://www.reactiongifs.com/wp-content/uploads/2013/05/dr-evil-right.gif

You're something special alright...  Wow.  

Still can't tell if you're trolling or just plain stupid, but either way, please stop talking now, k?  

I honestly think of USDT when I go to the P2P exchange. If I was given a choice between Bitcoin and USDT, without hesitation I would choose Bitcoin. But as OP says, traders wait for the bitcoin price to drop to buy more with their USDT pair. Without Bitcoin in the crypto market it would not be as we know it. All other coins depend a lot on the address where bitcoin is moving.

I agree with you, without bitcoin in the crypto market it would not be as lovely it's today. Bitcoin still remain the king among other cryptocurrencies  because whenever bitcoin price is rising other coins will be rising too, but whenever bitcoin price is dropping in the crypto market other coins will start dropping too, show that bitcoin price control other coins price. Bitcoin is more safe and reliable in both short and long term investment compare to USDT that is not favourable in long term investment. Bitcoin is still maintaining the first position among other cryptocurrencies that will make many investors to prefer BTC than USDT.

We all know that usdt is also useful, but some people keep on accumulating bitcoin because they believe thier funds are safe when in usdt which I always discourage, usdt is very important whenever their is volatility in market, you shouldn't accumulate and store usdt, usdt is not really safe.

This has been the case for USDT ever since it was created, and yet people still invested heavily into it for some reason. Same goes for USDC and BUSD as well, one exchange is behind both of them (coinbase and binance) and that means if we are talking about stablecoins, we are talking about three big exchanges that are behind 150+ billion dollars worth of stablecoins total.

This is why it is very very scary to us that 3 exchanges could literally ruin all of crypto world. I am not saying that they will, why would they, they are making a lot of profit from them so they won't but the fact that they even "could" do that is scary enough for me.

They could scam the whole system because centralized coins with partial backing can be made out of thin air. You can't make more bitcoins without mining it, but you can make tether. You can literally press a few buttons and there's a million dollars worth of tether. It can be because somebody had deposited some money to get tether or not, we'll never know.
If you're selling your bitcoins for tether you are giving away the ownership of your private key for a promise and putting faith in a group of people. This is exactly what Bitcoin was supposed to protect you from.

BTC is already been there before USDT and other stable coins came out so what makes you think that when USDT collapse, all cryptos are no more?. You can't sleep if you hold btc but you can sleep when you hodl a USDT? but I thought are worried that what if USDT is a scam? BTC is only volatile but it was not a scam.

You can only lose a portion of your money but you can recover it soon when the price recover but if you lose your money in a scam coin, there is no way for you to recover it, anyway there are stable coins with less anomalies, they are BUSD and DAI most especially because it was decentralized. If I were you I will migrate now on them. Don't wait before the rumors on USDT came true.

It seems to me that it is not so much a matter of security as of the fact that it does not have sufficient grounds and meaning. It's like putting money under a pillow and waiting for it to depreciate. The point of investing is to make your money work and make new money. USDT can not do this, it's just a certain equivalent, which is only needed to exit and enter the position.

people use USDT not to invest. but only for temporary use to secure the value of the asset when the price is going down. people flocked to move their assets to stable coins such as USDT, USDC and so on. and usually it's just a moment. or not stored for a long time.

Regarding security, all sectors have their own risks. nothing is really safe in this world.




so I think about security nothing is really safe. So don't worry too much about overdoing it.
but there are times when I have the same thoughts as you.

Are you even aware what it would cost you to attack something like exchange (that usually have good protection) via ddos or any other type of similar attack? Based on your comments, I seriously doubt.


Some exchanges are screwing their customers for years yet they are still around. Take HitBTC, Yobit, P2PB2B, Coinsbit etc, all exchanges with horrible reputation and the long history of screwing up, yet somehow people still use them and their are in the business. Again, things are not as simple as portrayed them and that's why no one should keep their money on the exchange, even if its one of the biggest ones like Coinbase or Binance. They can take your money based on any bs reason they come up with and there is nothing you can do about it.

There are not only bad rumors about USDT, there are many examples of large sums of money being blocked on addresses for various reasons. In this regard, comparing Bitcoin and USDT is simply not correct. because bitcoin is something eternal, no one can block it, and it has been constantly growing in price throughout its history.

Traders don't trust stablecoins, they just use stablecoins only temporarily because of the lack of other convenient ways to buy crypto-dollars. People should trust bitcoin more, because of everything on the market, bitcoin is the safest place to store money. Especially now, when, as you said, rumors about insecurity of dollar have started to circulate. It should be noted that if something happens to the dollar, it would be bad for all markets. And then the value of bitcoin would be even greater.

The presence of stable coins makes anyone more calm, when feeling profit, then immediately move to a stable coin, or vice versa when the market is very fluctuating and in the negative direction then immediately divert it to a stable coin into the best solution, this makes the use of stable coins the biggest and Daily transaction volume can reach 2x from Bitcoin.

It is clear that we live in a society where the economy includes many things, and fiat plays a role in almost every activity of life. Investing in crypto, for most of us, is an option to find opportunities to earn money to improve our quality of life. We may hold similar or opposing views on money, but in my opinion, trust in BTC and USDT is unavoidable, as evidenced by their continued existence.

Why leave your money under the care of an exchange if you are not trading with it? If you just want to hold you money in stablecoins and not trade there is no need to keep them in exchange, hold them in private wallet, whether it is btc or usdt.
If you are a trader on the other hand, you just have to trust that the security of the exchange is strong enough to protect customers funds, a reason why you should only trade in reputable exchange that have better insurance policy to protect users should such situation occurred.

Trust is the most important thing you have to invest when you join cryptocurrencies, because crypto stores many things that are not transparent or open. Coupled with the fluctuating value and some coins that tend to get stuck and disappear, of course, many people are wary if someday the coins they hold will disappear too. This it is no longer a new problem for crypto users, many of them have been asking questions for a long time but there is no definite answer, therefore all we can instill is trust in each other in crypto. Either you choose to stay and continue what you have been doing so far in crypto or just leave it.

I see no point in doing it, unless you live in a country where every single trade on exchange has to be reported and taxed. First of all I don't hold coins on exchanges so I never exit to a stable coin or fiat juzt to "feel safe". I feel pretty safe holding bitcoin. That said, if I had to exit, I'd always choose fiat money not a stable coin that relies on a third party (coin's creator and issuer) and can be delisted from an exchange or lose value. A fiat currency is always better than a half measure like USDt

Most cryptocurrency traders and investor diversify their investment so it is impossible to base on just these 2 crypto.

BTC is safe haven while USDT on the other hand is not cause it is backed by fiat currency.

USDT is once into shady business with a crypto exchange site which i forget the site name. It is important to only hold for the long term the crypto you trust the team involved.

It is not good to depend on a centralized or censorship crypto.

I agree that holding USDT is very risky as it is centralized it can disappear or worse your account gets frozen. But it also has benefits, when the market is volatile stablecoins will be a safe place for your assets avoiding market fluctuations.
Currently Iam using binance centralized exchange and so far I have not had any problem with CEX and stablecoins, centralized exchanges and USDT are almost an integral part of the market, so don't get too strict on them.

USDT is just a stable coin .We use it for taking profit and when we trade on its pair that's it .Our fund qill not double and multiply if we just hold it as a stable coin .There is nothing has surety on this world even we can loose our fund from bank though we trust it .Exchange always try and give their best security to keep safe your fund and if any incident happen they also make plan for it .So that there is nothing about to worry if you use a top and trusted exchange to hold your fund and trade .If you have any doubt about USDT yo may use BUSD and also there are many stable coin available on crypto market .We all know that crypto market is high volatile if you are a good trader you may earn a good amount from here So i want to suggest you try and learn how to trader it will be better from just holding coin on USDT.

Actually USDT is more trusted to all because its price is stable but on the other hand BTC price goes ups and down. So If anybody wants to risk free he can convert into usdt. But if you wants to take profit you have to take risk in investment so that you can make investment into BTC. At the end of day you may gainer or loser but if you only convert into only usdt, at the end of year your total assets will be same. So choice is yours.

I consider USDT to be a steady coin, not one in which I have total trust; as a trader, the only coin in which I have total trust is BTC, which I am confident will never lose value fully. I hold USDT for a certain period of time, depending on market conditions, in order to plan for the next currency I'll trade.

this will be very useful for a short term trader, where the linkage of btc and usdt is always needed. after making a profit it will be converted to usdt and wait for the next buying area, after it is a good time to buy then it is converted back to btc, and so on, it was previously heard that usdt was in trouble, but until now it is still the highest stable coin . even if not usdt there is still another stable coin that works the same, namely busd

"not your key not you coin" these means once USDT will collapsed for sure there will be a massive losses from all traders who relies in stable coins to protect their money from the volatility of the market.

Actually that negative news seems nothing for me IMO because it's been how many months now and there's no changes in TETHER and the growth rate has increased instead despite of that rumors. However if you really scared, i think much you should find new stable coin since it's not the only one in the market.

People use bitcoin for investment. Bitcoin is decentralization and decentralization will never be stable. USDT is a stable coin.People hold USDT in certain time. People still using bitcoin investment and holding for long time.I Think most people trust to investment in bitcoin. Both are coin but i think People still believe in bitcoin and bitcoin is a long term survive coin.

As far as I know investors don't have two things in trading, what they have is two ways investors trade.
1. Bitcoin
2. USDT.

Speaking of trust, what is certain is that investors have their own beliefs to trade Bitcoin of their choice and usdt as well as their choice, fact, if rich investors already know about Bitcoin they will leave usdt.

Bitcoin trading is much more profitable than USDT, in the current situation, I think investors trust Bitcoin more than USDT, If it is explained here why they believe in Bitcoin, it may take two pages, the point is: investors believe in Bitcoin more, usdt only as a means or bridge to cross.

The presence of stable coins makes investors no longer hesitate to enter cryptocurrencies, and so far there are more than 10 popular stable coins, I am actively trading with stable coins because I can immediately know profit or loss, and the presence of stable coins is certainly the best solution for investors to move assets when the market is going down.

If you must know, not only do exchanges have control overused unless the ones that are stored on the exchange that USTD in the private wallet of users are more secure in case of any security challenges.
Bitcoin&USTD function differently bitcoin is decentralized so it holders have the total control of their funds but that can not be said with used as it is centralized and controlled by third parties aside from its holders.

Stable coins have a huge role in the whole crypto industry and we can't question investors why they always choose to trust Bitcoin and USDT among other coins. Most of us always want assurance when it comes to investment and since these two are well established, they could surely provide a good profit in time.

From what I have read in this topic a lot of people (me included) doubt the assuarance of USDT. That is why all this discussion about comparison between BTC and USDT started. USDT is a nice instrument to make clear your profits and loses. But it is not itself an asset to earn and safe. And that is why it can not be compared to other cryptos whih are created to grow in price. 

USDT is a stable coin that is pegged to the US dollar, so you can’t expect it to grow like Bitcoin, ethereum and other cryptocurrencies that are not stable coins. I know that a lot of people do not trust USDT this time around because we all now know that it is not fully backed by the US dollar, but even at that it still stays as the top stable coin. I don’t think it is going to fail like some people think it would.

Even till now there are still lots of people who are making use of this stable coin and are using it for their daily trading. So, I believe that it is going to keep going strong everyday. But with that said, people should also know what is right for them to do, if you don’t trust it you still have other coins to select.

Does any one trust the dollar? Well I don't think so but people uses it, that is how USDT is to Crypto users, USDT is like our on form of USDT, it may be a stablecoin coin buy it's far from a trusted Crypto-currency.
Bitcoin on the other hand is trusted because investors believes they can make profits from their Investment placed on Bitcoin, and if Bitcoin starts to drop and their trust weakens they can switch to USDT.

i would rather trust total privacy to a centralized crypto dollar. Privacy is one thing i will choose a million times over publicly centralized and manipulative sort of coin. If the worries is just about volatility then i have nothing to worry so far my total number of coin remains intact if the market dips i wait if it surges then i take profit and wait to buy more. Never will i choose Usdt over BTC

I disagree with this, people trust way more than just btc and usdt, they trust altcoins as well. By the looks of it they unfortunately trust in wrong things as well, they are trusting like apecoin or whatever these days for example, they did that to doge and shiba at one point as well.

I am not saying that they are trusting in the great altcoins and doing awesome, they are sometimes trusting into the horrible stuff as well but that doesn't mean that they do not trust other stuff. Obviously, the most trusted ones are btc and usdt and I agree with that. However "the most trusted" and "only trusting" are different things. They do trust btc and usdt the most, but they also trust other coins as well.

Well, due to the bad news that can be given regarding USDT or any cryptocurrency, even so, if it includes Bitcoin, it does not matter, because I interpret it as an option to buy, I see it as manipulation, for the weak-minded or weak-handed it is a reason to "sell" immediately and for the smart ones or for the Strong Hands it is an opportunity to buy, of course this applies to Bitcoin, I don't know if tether lovers defend or seek that a stablecoin has more interaction or that it rises in price, which I see as a bit difficult, but the decision of each person and how they face it is respectable.

Yes, we can. There are other stable coins like USDC and BUSD, which are in the first 15 in capitalization, so I guess we can trust them as well more or less. But for some reason USDT is chosen by much more investors. That`s why itis interesting to know the reasons for it. Also I believe that for clear trading fiat can also be used. From what I have read in this topic a lot of people choose USDT to emmediately understand their profits and losses. In my opinion, it can also be done using EUR or other fiat currency, presented at the exchanges.