The World’s Most-Preferred Cryptocurrency Isn’t Bitcoin

[Joshonwill]

Bitcoin which weighs around 70% of all computerized resource world's reasonable worth was whipped by Tether which presently reigns as the most utilized cryptographic money in the advanced market exceptional.

In flunky's fund market reports and consequences of any exchange and volumes are elusive in any outlines present on the web.

An as of late announced information from CoinMarketCap.com shows Tether having the most elevated volume in both day and month to month exchanges, Yet Tether has multiple times littler market upper casing, But in April Tether took over Bitcoin for having a higher exchanging volume and has Increased from that and has been stretching around $21 Billion every day, seen toward the beginning of August.

Tether is presently right now exchanging at $1.01 USD and has a ROI (Return on Investment) of 0.52%, It has a Globally assigned position of #4. It has a market top of $4,129,600,377 USD, it has an all out inventory of 4,207,771,504 USDT . Tether has an identical estimation of 500,902 BTC in Bitcoins. In the present month Tether's exchanging volume was 18% more than that of Bitcoin, which imprints tie as a significant coin and resource in the digital currency biological system.

News Source: TheCoinRepublic

[stompix]

Before I even click the link...Coinmarketcap data?
Bingo, what else!

Now, before anything stupid gets posted here:

Checking the pairs usdt is traded against by volume and exchanges, the first 10 and 19 out of 20 are USTD/BTC.
So...no BTC...no tether!

Second, just because some shady exchanges inflate their trading numbers this doesn't make tether the "world" most preferred cryptocurrency. When tether will have as many shops accepting only tether as bitcoin does, then it will be.
Till then, it's just another shitty stable coin.

And yeah, a website ranked on the 250000 place in the world by traffic is doing 600 million $ in volume.
Legit!!!

[Ayiranorea]

Based on data tether might have gained more exchange volume against bitcoin over the past few days. This doesn't mean tether to be the most preferred cryptocurrency. If tether is the most preferred cryptocurrency why can't we find online stores as well as other platforms to accept tether into their businesses same as bitcoin or ethereum. Tether is just a Stablecoin which is much preferred for the trading needs. This is where it gets the increased volume, and if the same is achieved through transactions and other forms of spending then it is agreeable that tether is the most preferred among cryptocurrencies.

[Cjblog]

I have just a very short answer to this...

 Btc is accepted technically every crypto-currency recognized establishments,  not Tether

 I guess a part of you already knew that Btc is king.

[dothebeats]

Tether is very much limited on exchange-exchange trades/transactions and not really P2P or people to establishments/services in the real world, so no, Tether is far from being the preferred cryptocurrency on real-world transactions. The description of the OP doesn't match what the real world has, and have playfully misinterpreted the data--or mixed it up, whichever you prefer--on what it really does. Coinmarketcap only posts market movements within exchange platforms, and it does not include other establishments accepting cryptocurrencies as payment.

Heck, if you can even go to one establishment, just one, which will accept USDT in exchange for goods or services, I'd be in awe.

[funchiestz]

CMC data is always incorrect. Sometimes a coin we've never heard of can suddenly enter the top 10. Moreover, the comparison of Bitcoin and USDT is not even correct. Tether is just a tool. Bitcoin is the actual cryptocurrency. I think you should first understand what Tether is.

[metallica101]

Bitcoin which weighs around 70% of all computerized resource world's reasonable worth was whipped by Tether which presently reigns as the most utilized cryptographic money in the advanced market exceptional.

In flunky's fund market reports and consequences of any exchange and volumes are elusive in any outlines present on the web.

An as of late announced information from CoinMarketCap.com shows Tether having the most elevated volume in both day and month to month exchanges, Yet Tether has multiple times littler market upper casing, But in April Tether took over Bitcoin for having a higher exchanging volume and has Increased from that and has been stretching around $21 Billion every day, seen toward the beginning of August.

Tether is presently right now exchanging at $1.01 USD and has a ROI (Return on Investment) of 0.52%, It has a Globally assigned position of #4. It has a market top of $4,129,600,377 USD, it has an all out inventory of 4,207,771,504 USDT . Tether has an identical estimation of 500,902 BTC in Bitcoins. In the present month Tether's exchanging volume was 18% more than that of Bitcoin, which imprints tie as a significant coin and resource in the digital currency biological system.

News Source: TheCoinRepublic

Yeah, i have seen this. If you want to see how much Tether is better than Bitcoin, just try comparing their use cases. You won't find merchants or services accepting Tether. Not to mention that numerous exchanges tend to inflate their trading numbers. And don't even get me started on Tether controversies.

[avikz]

Bitcoin which weighs around 70% of all computerized resource world's reasonable worth was whipped by Tether which presently reigns as the most utilized cryptographic money in the advanced market exceptional.

In flunky's fund market reports and consequences of any exchange and volumes are elusive in any outlines present on the web.

An as of late announced information from CoinMarketCap.com shows Tether having the most elevated volume in both day and month to month exchanges, Yet Tether has multiple times littler market upper casing, But in April Tether took over Bitcoin for having a higher exchanging volume and has Increased from that and has been stretching around $21 Billion every day, seen toward the beginning of August.

Tether is presently right now exchanging at $1.01 USD and has a ROI (Return on Investment) of 0.52%, It has a Globally assigned position of #4. It has a market top of $4,129,600,377 USD, it has an all out inventory of 4,207,771,504 USDT . Tether has an identical estimation of 500,902 BTC in Bitcoins. In the present month Tether's exchanging volume was 18% more than that of Bitcoin, which imprints tie as a significant coin and resource in the digital currency biological system.

News Source: TheCoinRepublic

Let's do one thing. Remove all trading pairs from the crypto exchanges and make one unified rule where traders are allowed to buy and sell any cryptos using only fiat. No other trading pairs will be allowed.

I want to see how much volume USDT receives after this! USDT is just a vehicle of investment and trade. It is a mediator currency, not a preferred one!

[Mandoy]

We cannot deny that the transaction regarding tether is very high compared to bitcoin since tether is US dollar itself. Tether is like a digital number on your bank account when you deposit some cash and this digital currency that represents dollar is stable in value compared to cryptocurrency out there. Thus because of its nature it has more volume of transactions compared to bitcoin and other crypto currencies. But people does not really see tether as a cryptocurrency but they see it as a US dollar representative. Hence, bitcoin is still the worlds most preferred cryptocurrency for me.

[aces777]

One thing that cannot be argued about here is that BTC is the generally accepted coins for most transactions/exchange in the cryptosphere, and not tether. I'm not going to even argue whether or not this information shared is tru or reliable, but one thing is certain here, and it is the fact that the world's most preferred cryptocurrency is bitcoin.

[tuanvie]

You should take a look this website. https://coinmarketcap.com/ and you have to check volume 24H section. I think this posts and blogs completely clickbait and completely for google ads   But nobody reads them in shock because it's all bullshit.

[shield132]

Before I even click the link...Coinmarketcap data?
Bingo, what else!

Now, before anything stupid gets posted here:

Checking the pairs usdt is traded against by volume and exchanges, the first 10 and 19 out of 20 are USTD/BTC.
So...no BTC...no tether!

Second, just because some shady exchanges inflate their trading numbers this doesn't make tether the "world" most preferred cryptocurrency. When tether will have as many shops accepting only tether as bitcoin does, then it will be.
Till then, it's just another shitty stable coin.

And yeah, a website ranked on the 250000 place in the world by traffic is doing 600 million $ in volume.
Legit!!!

I agree with you 100%, a lot of exchanges fake their trading volumes and I think this isn't a new thing: https://www.coindesk.com/fake-volume-on-crypto-exchanges-isnt-the-half-of-it
Also there is a little talk about tether.
And also again, tether isn't a stablecoin at all. But if we talk about it's popularity, then tell me, are these businessmen sane when they prioritize bitcoin over other cryptocurrencies? If any shop or business accepts cryptocurrency, that's bitcoin at first, also it's possible to pay taxes with bitcoin in Uhio, not with tether, yeah, it's like that.

[Herbert2020]

ROFL.
before i even opened this topic i knew i would see a centralized shitcoin i never though that shitcoin is tether, i thought a coin that usually people bag hold like XRP or something.
as for tether what do you think people are using it for? they are day traders who are utilizing this shitcoin to make profit and put it in their bitcoin wallets as they increase their [bitcoin] wealth. in fact the only usage tether has is in the altcoin market as people don't want to get dumped on and don't have access to fiat markets so they are stuck with a fiat-lookalike to trade altcoins and make profit.

[YuginKadoya]

Cryptocurrency? I never even treated tether as one, these centralized coins keeps on popping out of nowhere, and even though there is news regarding this most used cryptocurrency in the world and they are referring tether as this cryptocurrency, I guess this is just fo show to make tether popular in the eye of the public, In my opinion, there are people behind the increase of the price of this stable coin, and they are moving in secret and in silent in pushing this stable coins into being a cryptocurrency.

[Dart18]

And you did not even took the liberty to tell why?

You just input numbers and some crappy definition and more garbage.
Have you tried trading my friend?
Have you seen the pairs?
Mostly Tether had been the escape route to avoid losses. It is not really because they want to invest with it.
It is just a way to make profit with other crypto currencies against.
So it doesnt matter if it goes up until it hits the roof. It is just being abused for now.

[Eric Cartman]

Places that accept bitcoins as payment option: thousands.

Places that accept Tether as payment: none that I know.

You said Bitcoin has 70% of mining power in the world.

For me it is just a trick to make Tether look more popular. They always looked sketchy, in my opinion

[coin-investor]

Before I even click the link...Coinmarketcap data?
Bingo, what else!

Now, before anything stupid gets posted here:

Checking the pairs usdt is traded against by volume and exchanges, the first 10 and 19 out of 20 are USTD/BTC.
So...no BTC...no tether!

Second, just because some shady exchanges inflate their trading numbers this doesn't make tether the "world" most preferred cryptocurrency. When tether will have as many shops accepting only tether as bitcoin does, then it will be.
Till then, it's just another shitty stable coin.

And yeah, a website ranked on the 250000 place in the world by traffic is doing 600 million $ in volume.
Legit!!!

Damn I'm glad you are the first one to reply after this fake news, I have not seen any shop accepting Tether and I don't think I will encounter that many, so many posts are rephrasing and finding data just to prove that the coin they are supporting is beating Bitcoin, I don't buy it, we can hardly find Tether topic until you bring it here with a very catchy title.
One way to find out which coins got the most support is to just open your eyes and you can see the truth.

[Murat]

People from world wide knows bitcoin. Most of the online businesses accept crypto only accept bitcoin hardly ETH or other old coins. USDT is not known worldwide at all. Take a look at a people near you to ask them if they heard about USDT at all ever.  They would have no idea about USDT but some may have heard about Bitcoin. It's Funny that people comparing bitcoin with USDT even the second most popular crypto ETH is ahead of USDT.

USDT is already known as a shady coin that can collapse anytime. The only reason they are still in the market because they are supported by some big crypto exchanges. USDT was created because of bitcoin. So it would be childish of us if we say USDT is better than Bitcoin. USDT isn't even trusted by the community reason we have some regulated USD token aka TUSD USDC etc.

[7788bitcoin]

An as of late announced information from CoinMarketCap.com shows Tether having the most elevated volume in both day and month to month exchanges, Yet Tether has multiple times littler market upper casing

First and foremost i do not believe the data presented by CMC as the volumes given by the exchanges are not accurate. Second of all i consider Tether as a centralized coin which will blow up any time. They lied before that they are pegging every coin with the united states dollar but then they were forced to reveal that it was not the truth. Even if you are seeing huge volumes in Tether does not mean it can be trusted, it is just a disaster waiting to explode in my opinion  .

[teosanru]

Bitcoin which weighs around 70% of all computerized resource world's reasonable worth was whipped by Tether which presently reigns as the most utilized cryptographic money in the advanced market exceptional.

In flunky's fund market reports and consequences of any exchange and volumes are elusive in any outlines present on the web.

An as of late announced information from CoinMarketCap.com shows Tether having the most elevated volume in both day and month to month exchanges, Yet Tether has multiple times littler market upper casing, But in April Tether took over Bitcoin for having a higher exchanging volume and has Increased from that and has been stretching around $21 Billion every day, seen toward the beginning of August.

Tether is presently right now exchanging at $1.01 USD and has a ROI (Return on Investment) of 0.52%, It has a Globally assigned position of #4. It has a market top of $4,129,600,377 USD, it has an all out inventory of 4,207,771,504 USDT . Tether has an identical estimation of 500,902 BTC in Bitcoins. In the present month Tether's exchanging volume was 18% more than that of Bitcoin, which imprints tie as a significant coin and resource in the digital currency biological system.

News Source: TheCoinRepublic

This is due to the long bearish market going on in the past. People want to keep their holdings in USDT instead of risking any of it in BTC or any other altcoins. Moreover the best part about USDT is it's standardized Value which means if you are keeping price of something as 10 USDT it will always fetch you the same amount if FIAT as it is directly pegged against the USD. However recently it has been brought to light that it is highly manipulated by some major exchange like bitfinex and not all the USDT present in circulation is pegged against USD infact a very low percentage of that is pegged rest is without any backing. But despite of many competitors like USDC, PAX it still remains the most used dollar pegged coin.