|
XCANA
|
 |
February 10, 2020, 09:11:48 PM |
|
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?
Candidly speaking, I trade with cryptocurrency and most of my conversion are all into USDT because of it stability as a coin. Many traders could attest to this fact. Although, I would not want to preach this because, this coin is been control by somebody|group, it could lead to scam. "It might be a scam" on a long-term, so, let be warn. |
|
|
|
|
|
|
|
|
|
|
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
mdzahed134
Sr. Member
 Offline
Activity: 2142
Merit: 259
Vave.com - Crypto Casino
|
|
February 10, 2020, 10:05:03 PM |
|
So many conflicts about USDT but so what still i trust this stable coin. A several times spreads fud for reasons of printed coin. But those issues cannot stopped it's popularity, most of the uses coin if you will compare with others coin daily trading activities. But i don’t recommend you should all of coins for move in USDT.
|
|
|
|
|
Teraboy
|
|
February 10, 2020, 10:40:47 PM |
|
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?
I trust because I always use this coin.But there are suspicions, of course.There is a saying: trust but verify.So keep the eggs in different baskets. I have the same thought like you dude but just try to rely on the fact we are still seeing so many demands to the USDT and that makes use become try to use it caused by it's still having a very huge volume compared with another stable coin. Im expecting i will not use this coin forever as it's not having fully money to backed all of the issued token. |
|
|
|
|
|
Baoo
|
|
February 10, 2020, 11:28:45 PM |
|
Actually, I only trust bitcoin and other few currencies like, Ethereum but I see that Tether has an interesting potential like the value of market cap ( more than 4 Billion dollars ) and their price ( less than $1 usd ) is pretty appropiate for buying a significant amount of it. But will this progress continue ?
I have no idea, despite everything is pretty possible, we may see this coin on the TOP 3 due to XRP does not have tha ability for progess IMO, and the opposite may also happen. For me, don't take that risk for this coin try to buy just a medium amount especially in this, after the halving event, we will see the next step of this Tether.
|
|
|
|
|
|
Spaffin
|
|
February 11, 2020, 06:43:07 AM |
|
Actually, I only trust bitcoin and other few currencies like, Ethereum but I see that Tether has an interesting potential like the value of market cap ( more than 4 Billion dollars ) and their price ( less than $1 usd ) is pretty appropiate for buying a significant amount of it. But will this progress continue ?
I have no idea, despite everything is pretty possible, we may see this coin on the TOP 3 due to XRP does not have tha ability for progess IMO, and the opposite may also happen. For me, don't take that risk for this coin try to buy just a medium amount especially in this, after the halving event, we will see the next step of this Tether.
The fact is that, in fact, USDT is very profitable to use when the cryptocurrency market falls to minimize losses. I am 100% sure of Tether, because over the several years of its activity in the cryptocurrency market, USDT practically did not change in price, even despite the bullish or bearish trend of the cryptocurrency market. To date, a significant part of my money is USDT, which is ready for investment in various projects and at the same time I have no fear in reducing their value. |
|
|
|
Novatech8
Member
Offline
Activity: 700
Merit: 27
Sovryn - Brings DeFi to Bitcoin
|
|
February 11, 2020, 07:11:22 AM |
|
The most popular stablecoin is usdt, its listed on every top exchanges in crypto space, if there is any form of untrust this coin won't get listed on binance and crypto traders can't do without this usdt, very useful in trading pairs so yes its can be trusted
|
|
|
|
|
coinfinger
|
|
February 11, 2020, 07:37:56 AM |
|
So many conflicts about USDT but so what still i trust this stable coin. A several times spreads fud for reasons of printed coin. But those issues cannot stopped it's popularity, most of the uses coin if you will compare with others coin daily trading activities. But i don’t recommend you should all of coins for move in USDT.
Tether is gaining its popularity because of its use-case; most of traders are now a days using tether instead of fiat and this is the core reason why we are seeing lost of FUDs against it. At the same time we cannot ignore there are flaws in the reserve system of tether. It may collapse at any time when more number of people opting for cashing out of tether. Still, I believe there will be enough buyers for it so that it may withstand against the any such brutal enforce of cashing out. I am also trusting tether but not for long term holding. I use it for trading purposes and I never think about holding it in my personal wallet. |
|
|
|
|
|
sockpuppet1911
|
|
February 11, 2020, 07:45:31 AM |
|
At this point, Tether seems to be teflon for all the accusations it gets. I am starting to believe, that even if they aren't transparent enough, they are legit. If it would be a proven scam later, it wouldn't affect just in usdt, it would too big of a problem that would bring tons of exchanges down with it.
|
|
|
|
|
chennappa121
Member
Offline
Activity: 400
Merit: 12
|
|
February 11, 2020, 08:20:49 AM |
|
The tether tokens is best stablecoin in crypto market and it is giving best service from past few years with any issues. and most of popular crypto exchanges are using usdt for stable coin the tether have great reputation in crypto market and It is my favorite also.
|
|
|
|
go1lo2va3
Newbie
Offline
Activity: 32
Merit: 0
|
|
February 11, 2020, 08:26:51 AM |
|
The tether tokens is best stablecoin in crypto market and it is giving best service from past few years with any issues. and most of popular crypto exchanges are using usdt for stable coin the tether have great reputation in crypto market and It is my favorite also.
yeah unlike xrp does lately so yes I do believe in USDT. |
|
|
|
|
charlesmichel1
Jr. Member
Offline
Activity: 147
Merit: 6
|
|
February 11, 2020, 08:42:45 AM |
|
Cryptocurrency was created because people supposed that fiat money couldn't be trusted. Tether is nothing more, but digitalized dollar. If you trust USD, you trust USDT too.
|
|
|
|
|
|
sockpuppet1911
|
|
February 12, 2020, 09:46:15 PM |
|
*snip*
If you trust USD, you trust USDT too.
Actually i trust USD way more then USDT, if some regulators wants to shut that service down some day, they most probably can. |
|
|
|
|
|
Sebas.tian
|
|
February 12, 2020, 09:53:55 PM |
|
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?
I trust because I always use this coin.But there are suspicions, of course.There is a saying: trust but verify.So keep the eggs in different baskets. Personally I don't trust USDT because people are the ones in control over the system. Am always afraid of any coin that been control by humans, most especially those control by Bitcoin haters. The price is been decided by these group of persons acting as the owner of these coins. They may as well collapse one day or disappear. |
|
|
|
|
WalkerIVIV
|
|
February 13, 2020, 01:43:45 AM |
|
*snip*
If you trust USD, you trust USDT too.
Actually i trust USD way more then USDT, if some regulators wants to shut that service down some day, they most probably can. As long as it has reserved amount and all will be safe. There was no different to trust USDT or USD as USD has already used to backed tether token. More than 40% of my current assets are still in the USDT form and this token can still be trusted by anyone. |
|
|
|
|
bustomi
|
|
February 13, 2020, 01:51:25 AM |
|
i dont trust USDT because as long this currency have a connection to dollar bills, i dont think this gonna hold for long. but there is still functional currency as comparison for altcoin price  |
|
|
|
|
Aaroenz0r
Full Member
Offline
Activity: 504
Merit: 100
Option Blitz
|
|
February 13, 2020, 02:10:11 AM |
|
Cryptocurrency was created because people supposed that fiat money couldn't be trusted. Tether is nothing more, but digitalized dollar. If you trust USD, you trust USDT too.
USDT is a stable asset to know exactly my profit when participating in this market, so I fully believe in Tether. In fact, many platforms are starting to support this stable coin, so this is the number one choice for all investors. Currently, USDT and USDC are the two stable coins that people use a lot in trading and hope that there will be more stable coins available in this market. |
|
|
|
nennanem
Jr. Member
Offline
Activity: 51
Merit: 1
|
|
February 13, 2020, 03:30:00 AM |
|
Not only many traders trust USDT but also there are many exchanges that trust this stablecoin. I can't name any other stablecoin that is listed on that many exchanges. Some platforms offer USDT-based markets. I guess such trust from the exchanges' side speaks in favor of Tether. |
|
|
|
|
|
BlackFor3st
|
|
February 13, 2020, 07:07:20 AM |
|
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?
I can't fully trust this altcoin also but it's popularity to the investors are very high even if it is a stablecoin. It's current rank is at #8 base on coinmarketcap which is a good spot for a stable coin. Though there are other investors out there that will convert their assets into stablecoin if they are not yet ready to invest. Stablecoins are the safest option also for investors that don't want a high ROI or to those people who are only saving their money. |
|
|
|
Mulann2
Member
Offline
Activity: 686
Merit: 35
|
|
February 13, 2020, 10:14:40 AM |
|
USDT is like any other crypto so if you can trust any other crypto, you can as well trust usdt, besides usdt is the safe heaven of most crypto enthusiast who like to save their earnings when the market is going down, the point usdt is serving great purpose at least this is how i see it.
|
|
|
|
|
hamaravijay
Copper Member
Newbie
Offline
Activity: 28
Merit: 1
|
|
July 10, 2020, 04:11:36 PM |
|
What about another stable coins like Binance usd...? and other stable coins......?
|
|
|
|
|
|
Poll
