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Slingshot
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December 15, 2020, 09:20:38 PM |
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Nobody can ever tell you they don't trust usdt because that's the only rescue place one have when market is dumping. With usdt you are very sure and certain that your funds are safe because it won't moon nor dump. Nobody hates it I must say but the only hatred bis the fact it doesn't increase but that's what makes it stable coin. I'm a lover of that anyways.
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Godwinpaul
Jr. Member
 Offline
Activity: 276
Merit: 1
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December 20, 2020, 01:56:07 PM |
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USDT controversy has been since the establishment of the token, but USDT still finds a way to remain on top as the stable coin with the highest market capitalisation. I really don't know how they manage to be on top, but I trust that my meagre holding of the token is safe because what I hold is quite inconsequential when looking at the market capitalisation.
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speedforce
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December 20, 2020, 05:46:00 PM |
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I'm sure no one trusts USDT, because USDT is a stable coin pegged from fiat money,
of course this requires a lot of fiat and things that are undesirable to happen, yes, USDT has long been running,
and there is a lot of controversy in it, so if you are saving a lot of USDT, you have to think about that.
Beside of a lot controversy, some token pair have no option, unless trade to USDT Pair, i think its still ok to trust USDT but dont save a lot, just for trading purposes. |
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Miaallen
Member
Offline
Activity: 573
Merit: 30
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December 20, 2020, 06:07:33 PM |
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I do believe in USDT up to a certain extent. USDT is currently regarded as one of the most trusted stable coins in the Cryptocurrency world today. Most of us in the Cryptocurrency do not really understand the technology behind USDT but we still trust it just as much as we trust all the major cryptocurrencies like Bitcoin, ethereum, ripples and many more.
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bitcon
Legendary
Offline
Activity: 2212
Merit: 1008
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December 27, 2020, 08:14:12 PM |
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I do trust USDT yes, I plan to hodl some when I sell a load of bitcoin in 2021. I will keep a sum in USDT & buy the massive correction after we meet the top of the bull run in 2021.
USDT has the same liquidity as Bitcoin. That is, it is always possible to buy or sell any number of coins almost instantly. USDT is supported by the dollar, with a capitalization of about $ 10 billion, but I have heard conflicting opinions about this. Some believe that this is a Scam. |
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scottsanderman12
Jr. Member
Offline
Activity: 154
Merit: 1
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December 27, 2020, 10:09:04 PM |
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USDT not a scam, so i trust.
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bryant.coleman
Legendary
Offline
Activity: 3654
Merit: 1217
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December 28, 2020, 05:58:58 AM |
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USDT has the same liquidity as Bitcoin. That is, it is always possible to buy or sell any number of coins almost instantly. USDT is supported by the dollar, with a capitalization of about $ 10 billion, but I have heard conflicting opinions about this. Some believe that this is a Scam.
USDT market capitalization stands at $20.8 billion, and this means that the market cap has increased by almost 400% in just 12 months. And this is what makes a lot of investors nervous about keeping their wealth in the form of USDT. Despite having such a huge market cap, till date they have not agreed to any independent audit of their backup funds. And the lawsuit by NYAG is still going on, regarding the illegal loan taken out from the reserve funds. |
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iTradeChips
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December 28, 2020, 08:26:45 AM |
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i'm not really sure if i could trust the USDT but so far it was doing well even though i'm not quite sure how it was backed up or any other information but so far it was used by most of the exchange as a stable coin but i didn't hold any USDT for a long time.
Despite the negative things that people have mentioned about USDT, and the issues that came on the said coin, people are still trusting the said stablecoin and are continuing to support the said project. If people still trust USDT then the said coin will survive and will continue to stay at the price of the US Dollar. If the trust is gone, then the coin disappears and then the people supporting this will be left losing their hard earned crypto. Everything right now is based on consensus. |
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marilynmanson21
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December 28, 2020, 10:40:02 PM |
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i'm not really sure if i could trust the USDT but so far it was doing well even though i'm not quite sure how it was backed up or any other information but so far it was used by most of the exchange as a stable coin but i didn't hold any USDT for a long time.
It's just an issue, until today no one else can prove the issue, if there's no evidence then you better not believe it. USDT is listed on almost all exchanges and is a trading pair, if USDT is a scam then why do so many exchanges support the coin? they should have deleted it in the exchange list. |
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IkonaDro4ku
Member
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Activity: 392
Merit: 10
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December 31, 2020, 04:33:29 PM |
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I use it but for a long time I do not keep my assets in this token, fresh in my memory are those moments when the price fell to the level of 70 cents per dollar.
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kasakola
Jr. Member
Offline
Activity: 148
Merit: 2
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December 31, 2020, 05:39:01 PM |
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From my general idea, I can say that there are some coins that I can use to keep our income dollars through usdt. And even though usdt has been providing us with its services in a good way for a long time, why should I call him a scam because I can't because usdt is a very popular coin to me. I think everyone benefits with these coins.
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Jamesdila1
Member
Offline
Activity: 686
Merit: 10
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January 01, 2021, 01:07:24 AM |
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I believe USDC just passed their audit. I might trust that more. But Tether is fine. Just don’t hold anything in there too long. Maybe even keep a sell order in for 98 cents if you’re really not sure.
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scottsanderman12
Jr. Member
Offline
Activity: 154
Merit: 1
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January 12, 2021, 06:27:28 PM |
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From the last week capitalization USDT increased by 2$ billion and current value is 24.4$ billions.
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ardentvolcanoes
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January 12, 2021, 06:32:37 PM |
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Yes, I see this controversy, but what I see is USDT is the single most stable token since the past and I also see many people using USDT as their medium of exchange so I don't consider this a scam, this controversy arises because USDT doesn't have definite supply.
Traders are smart, they are using any available resources in order to keep gaining from this market. USDT mostly use for keeping you money if you are unsure if what articular assets to invest, it will allow you to take some time reviewing any possible projects that have good potential, once you decide to invest you can simply convert it and keep doing it whenever you are rinsing inside. |
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crazy-pilot
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January 12, 2021, 09:08:23 PM |
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I witnessed very strange events related to USDT, it seems in 2018. And even then I realized that under certain conditions the coin can be skimmed.
In that sense, if the company that issues the coin is pressed by the regulators, what they are trying to do anyway. The fact that this is even possible makes me wary of stablecoins and USDT in particular.
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AmoreJaz
Legendary
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Activity: 3094
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
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January 12, 2021, 10:22:10 PM |
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I witnessed very strange events related to USDT, it seems in 2018. And even then I realized that under certain conditions the coin can be skimmed.
In that sense, if the company that issues the coin is pressed by the regulators, what they are trying to do anyway. The fact that this is even possible makes me wary of stablecoins and USDT in particular.
surprisingly, based from the OP's poll. a lot are trusting USDT. maybe they are the top stable coin right now. however, when they admitted last year that they were not 100% backed by US$ - Tether Lawyer Admits Stablecoin Now 74% Backed by Cash and Equivalents, i lost my trust on this stable coin. now, it is up to you how you react on this and how you use this stable coin. everyone has their own perspectives on this coin anyway. |
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itachi gunasekara
Newbie
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Activity: 31
Merit: 0
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January 13, 2021, 03:26:13 AM |
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I don't believe in 100 % because there is a scam anything in the crypto world. But I don't think that USDT is a scam.
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kram31
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January 15, 2021, 03:03:54 AM |
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USD Tether is a Bitfinex issued ERC-20 token which is claimed to be backed by dollar at 1:1 ratio. There are controversial opinions about this and some say it's a scam.
Do you trust USDT or believe it might be a scam?
How can I discredit USDT if this pair is giving me a profit. In short, it helped at the moment. Even up to now, is some exchange platform I used USDT pair to trade into cryptocurrency. Therefore, I cannot say it is a scam, because it gave a lot of profit to anyone here. And they know it is true. |
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mikeauerbach
Jr. Member
Offline
Activity: 65
Merit: 2
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January 15, 2021, 06:05:32 AM |
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I hold some Tether on Ownr to use it as a crypto fiat gate. I know USDT is only 74% backed, but I don't think it's a scam and an average hodler has something to worry about.
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nykka
Member
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Activity: 252
Merit: 11
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January 15, 2021, 12:56:00 PM |
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There are a lot of rumors and news that some of USDTs are not back-staked by realy dollars, so many people have reasons not to trust USDT. But I`m one of them, who trust Tether, but understand risks. I have some tether for now, but I`m ready to convert it in any other crypto if there are bad news regarding USDT. It`s one of the biggest crypto projects and it will be better for all crypto world if all these rumors are fakes, otherwise we can fall down a lot, because of scam of such big project
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