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Author Topic: Need not just stimulus but usdt stimulus  (Read 500 times)
Shasha80
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January 10, 2021, 01:20:15 AM
 #41

In my opinion there will be no exchanges that will provide free USDT to traders because they are active. Don't equalize exchanges with
the government, because the government is obliged to help its people by providing stimulus. Since the people have already paid taxes,
whereas exchanges are companies created to generate profits. Therefore each exchanges has trading fees to get profit from traders,
so it is not possible for the exchanges to provide USDT as a stimulus.

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rollingdice
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January 10, 2021, 07:57:09 AM
 #42

The Fed has no intention to make crypto more acceptable. Moreover, stimulus checks are launched to help the citizens survive, not to teach them invest in crypto wisely.

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February 05, 2021, 09:44:48 AM
 #43

just buy doge coin with that money that's it

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youdacapt
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February 05, 2021, 11:05:47 AM
 #44

To help crypto we need usdt stimulus.

Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards Smiley

You know fully well that the crypto currency market is a decentralized space; yet you seek stimulus? grants? Who do you want or expect or have in mind should fund this stimulus. How would you be sure who and who not deserves ? It is not going to work.

Platforms such as 1inch, uniswap, cake, and most recently idex are rewarding traders on their platforms; perhaps this is the kind of stimulus you reference ?

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February 05, 2021, 04:43:32 PM
 #45

Initially, the Tether team stated that almost 20 or 40% of USDT is backed by the dollar, and there was never any talk of full backing with the dollar. Of course, USDT is an asset that raises doubts, but nevertheless, it is he who saves traders in difficult situations in the cryptocurrency market.
I am not saying that there shouldn't be something people can't move into, there should be something but it shouldn't be Tether that's all I am saying. For example DAI looks to be promising, I am checking it and trying to find a way to see how it could go wrong, but the premise is the fact that your money doesn't stay with one person, it stays with you and that is the very important part of it, it is not Tether, it is not Binance, it is not any company or organization behind it, fully decentralized stablecurrency and I like that idea and I am still looking to figure out if there is anything wrong with it.

The need for some stablecurrency pegged to dollar and even other national currencies are there and I do suggest that it should happen, there is absolutely nothing wrong with that, however fact is that people need to realize these companies are not good at all and they are very risky.

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Twentyonepaylots
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February 05, 2021, 10:55:54 PM
 #46

I find it off-putting that OP is asking for free money in the first place. And of course by doing the bare minimum which is, trading. Of course you are obliged to trade if you wanna earn big bucks, not because of free airdrops and stuff like that. I personally would like to be part of an airdrop like that but I want to side to the exchanges as it is bad for their business, and ultimately bad for us.
Clement Kaliyar
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February 05, 2021, 11:34:34 PM
 #47

Platforms such as 1inch, uniswap, cake, and most recently idex are rewarding traders on their platforms; perhaps this is the kind of stimulus you reference ?
I am not trading in any of these platforms and hence i am not able to understand what you are saying, are you telling that the platforms you mentioned are providing rewards in USDT, usually they will reward with their token that they created and inflate the valuation .
OP is talking about getting free money for trading and he wants that in USDT  Cheesy.
cryptoboss2020 (OP)
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February 06, 2021, 06:02:04 PM
 #48

Platforms such as 1inch, uniswap, cake, and most recently idex are rewarding traders on their platforms; perhaps this is the kind of stimulus you reference ?
I am not trading in any of these platforms and hence i am not able to understand what you are saying, are you telling that the platforms you mentioned are providing rewards in USDT, usually they will reward with their token that they created and inflate the valuation .
OP is talking about getting free money for trading and he wants that in USDT  Cheesy.


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Dragonfund
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February 06, 2021, 09:26:04 PM
 #49

To help crypto we need usdt stimulus.

Exchangers should do air drops of usdt to active traders. Yes the government do stimulus and cheap loans but yet this funds are not going in crypto economy so fed should directly start working with USDT and Every time fed printing money there will be USDT airdrops also for crypto traders and active traders rewards Smiley

Crypto exchange is n entity created by two or more individuals with sole aim of. Making profit and not to share wealth. But government on the other hand is created to serve the people with their tax been paid by the citizens and hence it's their responsibility to make sure that are economy is well handled with optimum satisfaction.
Exchanges give most of this airdrops and give away solely to attract more customers, and most of them are still spend within the exchange. You should have asked yourself why aren't they compensating traders who made lost during this pandemic.
It's not their responsibility for your profit and loss, you are making your gains and loss and they are making also from the fees you pay for trading.
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February 07, 2021, 05:58:41 AM
 #50

Most people don't use their stimulus checks to invest in the stock market or crypto. If you really need the stimulus check then the stock market is the last place you are going to be depositing it in. Sure there are those who are already wealthy and they might see it as free money and decide to gamble it on stocks. However most people won't do that. Even if they are wealthy, they will maybe go to Walmart and buy a TV instead.

Hence why this idea doesn't make too much sense. Hence if someone really wants to use stimulus cheque to buy crypto, they can send it to their exchange and buy USDT themselves. Exchanges sometimes do have incentives. For example, Binance gave away TrustToken (TWT) to every trader on Binanance. Currently that token is worth $60 USDT or so.

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February 10, 2021, 05:41:15 AM
 #51

Why not bitcoin then and just usdt almost same thing as fiat

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