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Author Topic: How does USDT wallet change our live?  (Read 442 times)
Whosdaddy
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April 25, 2019, 10:09:16 AM
 #41

Why not, there are many altcoin listed with USDT, you can invest in altcoin that can increase. It is investment and investment always comes with risks
If I may get it right, I am just trying to get use to this whole tether idea and its usage, I thought tether is only to preserve your investment, and since there is not form of increase or decrease going on, you can only use it to store your fund, so even if they pair it with other altcoins, it is not the USDT that is increasing, it is the altcoins itself that is performing the increase, while people change it immediately to USDT to preserve that particular value of the altcoins, instead of keeping it in the coin because of its high fluctuation rate.
dungp3132
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April 25, 2019, 10:15:01 AM
 #42

If I may get it right, I am just trying to get use to this whole tether idea and its usage, I thought tether is only to preserve your investment, and since there is not form of increase or decrease going on, you can only use it to store your fund, so even if they pair it with other altcoins, it is not the USDT that is increasing, it is the altcoins itself that is performing the increase, while people change it immediately to USDT to preserve that particular value of the altcoins, instead of keeping it in the coin because of its high fluctuation rate.
Tether USD is something like an insurance stable asset and can be used to determine value of Bitcoin at first, then altcoins. It is a bit strange to see Tether USD has such role in crypto, especially for Bitcoin because it is built on the second layer of Bitcoin network. Today, years after the birthday of Tether USD, it has played solid position in crypto. There are some potential substitutes, but itis hard for them to really replace Tether USD.
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April 25, 2019, 10:20:05 AM
 #43

Within these several months, there is a bear market in cryptocurrency.
As we know,  USDT is a dollar-pegged token, each USDT is backed by one U.S. dollar without fear of market fluctuations.

But how can we use USDT to make a profit in such this market?
The majority might say no.

Is there any decentralized wallet can do this for users in the case of ensuring the principal?
wanna figure it out
At first, I do not think that USDT is really pegged 1:1 to USD.
At second, I do not think that it is a decentralized cryptocurrency, so why you are thinking about a decentralized wallet? It doesnt matter or?

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Jrfranco
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April 26, 2019, 09:05:12 PM
 #44

Within these several months, there is a bear market in cryptocurrency.
As we know,  USDT is a dollar-pegged token, each USDT is backed by one U.S. dollar without fear of market fluctuations.

But how can we use USDT to make a profit in such this market?
The majority might say no.

Is there any decentralized wallet can do this for users in the case of ensuring the principal?
wanna figure it out

USDT is a stable coin, but if you are into trading this is very useful, why because, you can put your money in their wallet, and whenever the market is down you can use this to trade others, id rather use USDT rather than other coins, for me it is very useful compared to the others out there.
ankit10
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May 02, 2019, 05:07:26 AM
 #45

Is there a desktop wallet for USDT like Bitcoin Core or only exist online wallets like tether wallet?
There are no such Tether wallets like BTC core wallet is. Official sites of Tether has had only Web Wallet. You have to register on their website to use the wallet and pass KYC to convert USDT to USD. Here are some https://cryptocreed.com/best-tether-usdt-wallets-in-2019/ best tether wallets.

And for Official tether wallet was hacked and more than 31 Million of USDT was stolen in back 2017.
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