How does USDT wallet change our live？

[Indrawan77]

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

You may not be right to say that we cannot make a profit from USDT. This is possible because in our country there is an exchange platform where you can make transactions to make a profit based on the USDT price difference. You can still earn profits from USDT.

The chances for making profit using usdt is very slim, this currency is very stable and fluctuate really slow, its good to be used as currency but for trading or CFD it's not a good coin, usually people used the usdt features as the pair for trading, not to make any profit

[stfN2128]

For trading and speculation reasons usdt is a good tool. if you think market will go down, sell for usdt and buy your cryptos on a lower point back.
me personally havent used or owned usdt ever, im not a trader i'm an investor. i believe in bitcoin so i'm in for the longterm.

[valek.bruno]

Many people who were able to successfully fix their profits really became much richer now, and those who did not have time to do so now became very poor. These situations are comparable to real life situations in the real world.

[ivaf]

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

If you see such a wallet - know, they are fraudsters.
Do you want to increase the number of USDT? Use the trade: buy bitcoin for 5000 dollars, and sell for 6000 dollars. So much for the profit in USDT!

[Artemis3]

Some of the Top usdt wallets are -

MyEtherwallet: MyEtherWallet (MEW) is a free, open-source tool for creating wallets that work with the Ethereum platform.

OmniWallet: OmniWallet is a web wallet that supports BTC, OMNI, USDT, MAID, SAFEX, AMP, ALT.

Tether Wallet: Tether wallet is a Web-based official wallet used to store USDT.

Which one of these lets you send USDT without having to pay tx fees in either ETH or BTC? Can people still open accounts for the official online Tether wallet?

[capcaypro]

For trading and speculation reasons usdt is a good tool. if you think market will go down, sell for usdt and buy your cryptos on a lower point back.
me personally havent used or owned usdt ever, im not a trader i'm an investor. i believe in bitcoin so i'm in for the longterm.

Yes, bitcoin is good for the long term, while USDT is only for daily trading, because prices will not go up high will not go down.

[pelumi20]

USDT is a game changer in the crypto market and any wise trader should learn to use it to their advantage. The value is pegged against the US dollars which makes it stable. So traders use it to hold up the value of their investments during the bear market or dump period, then use the money to buy the bottom and wait for the bull run or pump to make maximum profit. It is a necessity for every wise trader.

[thekrakennnm]

Tether is not about profit, it serves for the development of cryptocurrency. The more stable the cryptocurrency, the more people will use it, the more easily it will be for all of us to live.
In particular, it is very convenient for institutional investors and business in general:  fast, anonymous, and at the same time stable transactions. You wouldn't make such transfers with ETH, cause it "jumps". Well, probably you can, but on a global scale, it won't become popular. As I said before, the business still needs stability.

[futile-resistance]

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

I am not a fan of USDT, but I can tell you that USDT have made me a lot of profit in the trading market and still making money, especially when we are having a bearish market.

Since, the price of USDT is stable and can't change, it is possible to swap a coin to USDT once the market is bad, and then swap back to that same coin once the market wants to look good, trading between USDT and other coins make me up to 10% profit daily.

[Polar91]

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

I am not a fan of USDT, but I can tell you that USDT have made me a lot of profit in the trading market and still making money, especially when we are having a bearish market.

Since, the price of USDT is stable and can't change, it is possible to swap a coin to USDT once the market is bad, and then swap back to that same coin once the market wants to look good, trading between USDT and other coins make me up to 10% profit daily.

There is no guarantee to earn 10% profit daily with USDT but your idea on how to use it is correct and being used by a lot of traders. Actually, we can just convert our altcoins into fiat money; however there are limits and fees are expensive if we're going to do it vice versa. With USDT also, we're using cryptocurrency as a bank and not as an asset.

[blockchaincroatia23]

   I still don't fully get stable coins'  universe and what's going on with them and how to react. However  altcoins  look like going to be over and these BTC fluctuations a little bit above 5000$ were the last-ditch effort. The market signals show there are no plenty of alternatives. new era of crypto is coming, and it won't be like bets or  stock exchange. lets try to adapt to it and accept it as real money.

[Peruvyn]

Usdt is only useful in retaining the USD value of a coin especially when it's drastically going down and you are looking for something to edge out the risk and buy again later when there's a sense of stability in the market. As per usdt being peg with USD, I don't think all usdt in circulation are being pegged with USD

[wuvdoll]

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

Ensuring what principles ? You mean that you want to be sticking within decentralization yet you want good returns for your capital along with US dollar backing for not worrying about market fluctuations, right ? I guess there is no such opportunity is existing. Reserve backing up is possible only for stable coins hence you cannot multiply your capital with stablecoins.

But how can we use USDT to make a profit in such this market

USDT can be used to STORE or LOCK dollar value. I heard traders are going for shorting way of trading by making use of stablecoins such as USDT.

[Gab20]

Since the price of USDT is already fixed, there is no way profit can be made, except you invest it into a coin.
Although, if you keep or store your fund in USDT and btc dumps, if you eventually buy bitcoin at a lower price and wait for it to rise, you will make your profit.

[SistaFista]

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

I think with the existence of stable coin such as USDT, many traders can trade and making profits with this coin.
Some companies reserve their cryptocurrency by converting it to USDT to facing the volatility of cryptocurrency value.
I guess you can use USDT for trading to get most profit.

[EdenHazard]

As everyone says above I'll agree with it. USDT just stable coin that you won't have a chance to gain profit with it, either for long term investment or short term investment. I never watch the USDT price up more then $1,5 the price just touch $1,5 in a high. Most people just use USTD for trading pair or they safe the coin into USDT when the market ongoing.

[take_off]

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

[raven7886]

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

Tether is not created for the purpose of making profit because its being controlled and the value does not fluctuate, since tether market is not a volatile market, the only benefit of it are the ones you and I knows, having you money stacked in a safe zone.

It is also very effected as utility token, it is tether that I see can really compete with cash and banks. The principal use of tether is use to keep ones coin value from other tokens without having to change it to fiat when the market is going down, I think tether is more beneficial to traders too, not in profit making but in terms of the services being rendered by it.

[dungp3132]

USDT plays a key role in crypto, just behind bitcoin. In other words, if bitcoin is the first backbone of crypto world, USDT is the second one. It has also been considered as one of the most stable altcoins, that operates on the second layer of bitcoin network. Bitcoin and USDT has mututal correlation, and can not survive without each other, in my perspective. So, if bitcoin has changed our lives, it will be the same for USDT because they can not be separated each other.

[ivan1975]

Is there a desktop wallet for USDT like Bitcoin Core or only exist online wallets like tether wallet?