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Author Topic: Is USDT Tether safe?  (Read 23482 times)
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August 18, 2021, 03:41:02 AM
 #621

Yes, I also think that USDT is safe because the risk here is much less especially more convenient for newcomers. If the risk for investing in the market is high or the prices of the currencies are relatively low, then keeping the USDT can reduce the risk so you don't have to fall into too much loss if the USDT is kept there will be no fear of a decline even if it is not profitable later because it will remain stable in place.
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August 18, 2021, 08:47:13 AM
 #622

The best coin in the cryptocurrency market is usdt.
The reason is that if the price of all the coins in the market goes up then the price of usdt coin will not go up and if the price of all the coins in the market goes down then the price of usdt coin will not go down.
So I think it's a stable coin
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August 18, 2021, 11:21:37 AM
 #623

Today, the tether continues to print 250 million tether, raising the tether's market capitalization to more than $ 2.7 billion to reach the top 10 coinmarketcap. People say that every time a tether is printed, the bitcoin price increases because the tether pumped USDT onto the floor to push the bitcoin price. What do you think about this and keep the USDT safe?

The condition of USDT greatly affects Bitcoin at this time, both of them are interconnected in taking care of each other, if you look at the condition of the development of the teaters who continue to pump USDT, it can be seen clearly, that they depend on each other to take care of each other.

This life continues until the initial concept is run well between Bitcoin and USDT, now this condition greatly affects the value of other coins, in terms of maintaining the buy and sell value, but this dependence needs to be maintained and refined in the future.
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August 18, 2021, 12:36:01 PM
 #624

I think so, the USDT is safe. Recently, they audited their Bank accounts and confirmed the availability of funds in these accounts.
Yeah I agree.. Usdt was safe and we CAn easily trust on it because I'm also a USDT holder.. So far my earning really expand because there's a betting type of humbling that only USDT will be available on it.

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August 18, 2021, 03:33:02 PM
 #625

USDT is a stable coin. It is very safe to hold. Infact, if you trade then you can convert your coins or tokens to USDT to avoid losses in a bearish market period. With this you'd have saved yourself from losses.
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August 18, 2021, 03:46:31 PM
 #626

I can't say USDT is safe, because every cryptocurrency must have risks including USDT, but for now I think you don't need to worry or hesitate to use USDT, because the volume and market cap of USDT is still high, so it proves that there are still many people who still use USDT, so I think for now USDT is still safe and feasible for you to use.

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August 18, 2021, 03:58:26 PM
 #627

I have no knowledge about Tether but I think it is safe for nowadays not for the future because our smart trader Waqar Zaka said that it is no safe for the future. now it is your decision you want to keep or sell
 

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August 18, 2021, 05:36:26 PM
 #628

Tether is quite safe both for now and for the future, That's my opinion and I'm sure many will agree. 
Many Cryptocurrency traders prefer to hold Tether over other Crypto coins because of the stable value of Tether and never having a big dump. 
When they trade, they buy some coins and sell them as soon as they make a profit. And Tether is the option to store their assets.
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August 18, 2021, 08:16:51 PM
 #629

In terms of technology USDT is completely secure — it's a centralized token developed on the decentralized Ethereum blockchain that's meant to be backed by 1 US dollar stored on Tether Ltd's balance sheet in the form of cash in bank accounts and government bonds.
In other words, the Tether USDT is pegged to the US dollar, unlike other ordinary crypto coins. This stablecoin is thus safe from price fluctuations than competing cryptos such as bitcoin and Ethereum.
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August 18, 2021, 08:35:15 PM
 #630

So far, tether is still safe but there is no guarantee in the future but for sure "if" tether ends up a scam, of course there will be chaos in crypto
It's just talking "if" but in reality it's been safe so far

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August 18, 2021, 09:37:17 PM
 #631

So far, tether is still safe but there is no guarantee in the future but for sure "if" tether ends up a scam, of course there will be chaos in crypto
It's just talking "if" but in reality it's been safe so far

Tether is completely centralized and regulated by ordinary people.
It is not regulated by govt. and backed by nothing. I didn't see any trustworthy people are their brand ambassadors. I think it has no actual value and supply is not limited, they can print more usdt anytime when they have needed. I would prefer BUSD or USDC over usdt cause they are audited and regulated by the New York State Department of Financial Services.

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August 22, 2021, 07:01:16 AM
 #632

USDT is a stable coin. It is very safe to hold. Infact, if you trade then you can convert your coins or tokens to USDT to avoid losses in a bearish market period. With this you'd have saved yourself from losses.

For now it may be true that USDT is a stable coin to hold, but how about next year, will it be the same and not risky, it is necessary to do an in-depth study if we want USDT as a future investment.

Because generally everyone wants to save themselves from big risks in investing, no one even wants that risk to come at an inopportune time, therefore I want to convey that the current USDT condition is not necessarily the same in the following years.
indeed in the future we do not know what will happen to usdt, but so far usdt is safe, in the sense that it is a stable coin that is safe to temporarily put our money, and is not suitable for investment, because there is no development. although there are currently some stable coins appearing, such as busd, but usdt still tops the list for stable coins

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August 27, 2021, 05:03:24 PM
 #633

Today, the tether continues to print 250 million tether, raising the tether's market capitalization to more than $ 2.7 billion to reach the top 10 coinmarketcap. People say that every time a tether is printed, the bitcoin price increases because the tether pumped USDT onto the floor to push the bitcoin price. What do you think about this and keep the USDT safe?

USDT is the best stable altcoin I've used in my time in cryptocurrencies. because of Usdt I can keep the assets I have without having to be afraid of losing assets. So experience has proven to me that USDT is very safe. and hopefully usdt will be like this forever. thus increasing user confidence.
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August 27, 2021, 06:15:23 PM
 #634

No private token, let alone a centralized stablecoin, can be completely secure. Firstly, there are questions about how exactly USDT is provided with fiat. Secondly, since Tether is a private company, it may and has already had problems with US government agencies, with the Attorney General of New York State. Thirdly, USDT addresses can be frozen at the request of government agencies, so your coins do not completely belong to you in the case of USDT.
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August 27, 2021, 06:20:39 PM
 #635

No private token, let alone a centralized stablecoin, can be completely secure. Firstly, there are questions about how exactly USDT is provided with fiat. Secondly, since Tether is a private company, it may and has already had problems with US government agencies, with the Attorney General of New York State. Thirdly, USDT addresses can be frozen at the request of government agencies, so your coins do not completely belong to you in the case of USDT.

Those things that you needed to consider when trading your crypto to this stable coin.
so far tether still exist and there are traders who use this to advantage of price actions inside the exchange but most of them are experienced traders who understnad the risk, you have to deal with good research and allow yourself to understand the risk.
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August 27, 2021, 07:08:02 PM
 #636

I think Tether is somehow connected with FRS and the big guys who print money as well, hehe  Smiley

They have a right to print USDT but surely they do it only in those amounts that are allowed at the moment.

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August 27, 2021, 07:17:17 PM
 #637

Today, the tether continues to print 250 million tether, raising the tether's market capitalization to more than $ 2.7 billion to reach the top 10 coinmarketcap. People say that every time a tether is printed, the bitcoin price increases because the tether pumped USDT onto the floor to push the bitcoin price. What do you think about this and keep the USDT safe?

USDT is the best stable altcoin I've used in my time in cryptocurrencies. because of Usdt I can keep the assets I have without having to be afraid of losing assets. So experience has proven to me that USDT is very safe. and hopefully usdt will be like this forever. thus increasing user confidence.
I personally also use USDT from 2018 and of course USDT is safe to use. there are several other factors that made me choose USDT because this stablecoin has been around for a long time compared to other stablecoins, on the other hand I often use it for Trading Pairs as well.
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August 27, 2021, 10:28:46 PM
 #638

Save USDT only when bitcoin down
I think it's the opposite.

You save USDT when the price of bitcoin is high and you're taking profits from your bitcoin holdings through USDT. And while you keep your profits in USDT.

You do the action of buying again when the price of bitcoin goes down.

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August 27, 2021, 11:49:31 PM
 #639

USDT Tether is a popular stable coin, much more secure as a unique coin. Compared with others stable coin, USDT tether withdraw fees less and easy to withdraw. I frequently converted all my cryptocurrency exchange dollar into USDT tether.

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August 28, 2021, 09:18:50 AM
 #640

USDT A stable coin. If you want to avoid Risk, you can sell all your Bitcoin Ethereum or any other and use it.The USDT will never destroy the market or shrink. The meaning that you will have will show for the rest of your life. If you are unique in what you think is Risk, you will keep all your coins converted to USDT.
Yes supported! USDT is a stable coin and there is no risk involved in holding USDT. I can possibly say USDT is just like a bank in crypto which keeps our asset safe from inflation or deflation so really no risk involved, bitcoin and altcoins are the coins with high risk and reward. So for anyone who has made enough profits in bitcoin or any other crypto and is afraid of loosing the profit made can possibly swap or exchange the coin to USDT and stay safe.

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