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Question: Do you trust USDT?
Yes - 175 (70.3%)
No - 41 (16.5%)
Not sure - 33 (13.3%)
Total Voters: 249

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Author Topic: Do you trust USDT?  (Read 7039 times)
bitkanu
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August 07, 2020, 03:52:12 PM
 #161

I trust and really like USDT because it gives you a lifeline when the market is dumping. You can sell your altcoins for USDT to preserve their monetary value and then use the funds to buy back at the bottom.
The daily trade volume of USDT can be a very good point as a representation for the trust of the traders and investors for USDT. in fact so many people are still believing with it. This must not be asked as a question consider marketcap has told us even better about how far investors were trusting this coin.

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August 07, 2020, 03:56:10 PM
 #162

Don't really trust USDT, but it's secure enough that we can use it for long-term hold or trading. Personally I have been using it for over 3 years now and I have not had any problems with it









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August 07, 2020, 06:49:14 PM
 #163

in my opinion USDT is not a scam because, currently USDT does not only use the erc20 network, now there USDT with the trc20 and omni network so don't worry about USDT use erc20 network
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August 07, 2020, 06:56:03 PM
 #164

associated with USDT is a stable coin and is widely used for trading pairs and long-term investments. even the risk of loss when investing in USDT is not that great. I believe USDT As a pairing tool for trading as well as for long term investment.

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August 07, 2020, 07:00:52 PM
 #165

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?

Why should this be a Scam? Throughout its existence, this coin has performed very well and its value has always been equated to one dollar. What makes you doubt it and think it's a Scam? Of course, there are different opinions on this, but let's still rely on the indisputable and obvious facts.

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August 07, 2020, 07:18:30 PM
 #166

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?
No bro, if it was scam it would not have sustained so far forward, till now it would have been forced to shut down and the people behind it jailed but the fact is that the project is clear and they have justified their business procedure several times to the authorities that is why they are still operating after the green signal from authorities.
Personally i really enjoy usdt pairs and it is really fun to trade with this pair.

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August 07, 2020, 07:18:50 PM
Last edit: August 07, 2020, 07:45:35 PM by pixie85
 #167

in my opinion USDT is not a scam because, currently USDT does not only use the erc20 network, now there USDT with the trc20 and omni network so don't worry about USDT use erc20 network

It doesn't matter what network it uses. It's a scam because they are not backed. They are not different from any other altcoin with partial backing. You can't be sure if you will or will not be able to exchange your usdt to usd in 1:1 ration in the future.

Why should this be a Scam? Throughout its existence, this coin has performed very well and its value has always been equated to one dollar. What makes you doubt it and think it's a Scam? Of course, there are different opinions on this, but let's still rely on the indisputable and obvious facts.
Past performance is not indicative of future results.
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August 07, 2020, 07:40:30 PM
 #168

in my opinion USDT is not a scam because, currently USDT does not only use the erc20 network, now there USDT with the trc20 and omni network so don't worry about USDT use erc20 network
That is a funny way to ensure the trust of a stable coin  Roll Eyes Tongue. Trusting the coin does not mean the network or blockchain they are using but to become a stable coin they need to pledge the asset equivalent to get the stable valuation and do you trust the team that they are doing that if not the market will crash, so think again before making a comment  Tongue.
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August 07, 2020, 09:37:45 PM
 #169

Yes, I also trust USDT because I usually used it when I buying games most especially in tokens. Previously and until know, I think not only me that sometimes we used to pay for software that requires a dollar so that the most legitimate operating system which is commonly used for digital technology comes from the United States, that's why this is also simply the best for me.

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August 07, 2020, 10:24:03 PM
 #170

I trust enough to use it for trading, for me usdt pairs are just for getting in and out of trades. It's a coin that you hold to keep your capital stable while bitcoin is going down (or any other crypto). And that holding is not holding, when I sell I make few buy orders at some lower prices and I just wait them get executed.

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August 11, 2020, 10:11:05 PM
 #171

Personally I trust USDT. I think it's easier to use  USDT than USD. More secure

Lol Grin
Do you know what is USDT and what is USD?
USDT is a digital currency equivalent to USD, while USD is a fiat currency, and is also equivalent to USDT.
Speaking of security issues, I think both are safe, even USD is safer because it's a real currency.
If you hold USD, of course you are the one who maintains its security, but if you hold USDT you are dependent on a platform. If the platform something happens, then your money also participates.
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August 11, 2020, 10:16:47 PM
 #172

Of course I really believe in USDT USDT is present in all big markets and high USDT enthusiasts in the market and more interestingly most traders use USDT for deposits and withdrawals to local exchangers

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August 11, 2020, 10:29:11 PM
 #173

All big exchange today are using USTD ,  don't know why i should not trust them, as long big exchange will exchange USTD with crypto it is good to trade and save your money when crypto dump start.


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August 11, 2020, 11:11:41 PM
 #174

All big exchange today are using USTD ,  don't know why i should not trust them, as long big exchange will exchange USTD with crypto it is good to trade and save your money when crypto dump start.
All of exchange sites. Maybe there are some reasons that make them all feel doubt about that but based on so many reviews and a bunch of people were also still using USDT rather than another stable coin.
This looks a very good thing for sure.

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August 12, 2020, 12:17:23 AM
 #175

All altcoins in the end if not managed properly will have an impact on the scam, so it all depends on the manager,

and I think USDT is still quite safe to trade and own, but it all comes back to every user.

and with a ratio of 1: 1 is still safe enough to be stored in our wallets.
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August 12, 2020, 12:38:53 AM
 #176

USDT is still classified as a new coin, but when viewed from the trading chart for several months or years, it shows a stable value. so I think USDT is suitable for long term investment and I trust it

Is a big mistake to call USDT a COIN... And is norman when people don't know the nature of this Token. USDT was created with ETH smart contract as a token, so, we can't call it a coin, maybe the right ways to call it is a token or a 'Stable Coin'.

And answering the question, yes i trust in USDT.

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August 12, 2020, 12:41:39 AM
 #177

The people that 'trust' anything in the crypto-sphere are the same people that cry foul when they get scammed. There is nothing to trust in the space. NOTHING. People should go into this market with that mentality firmly in place.

There is nothing to trust in cryptocurrencies. There's nothing backing up any claims. There's no regulation. It's what I love about this market. The people that go all in on something, spending funds they cannot afford to lose and then cry when it's all lost are the ones that are going to ruin it because that empowers regulators to take over.

Don't trust anyone/anything. Be informed and make well thought out decisions.
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August 12, 2020, 01:24:12 AM
 #178

USDT is on a major exchange and that means USDT is trusted by everyone so it can't be a scam. besides USDT is widely used by everyone to secure assets when the market is red.

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August 12, 2020, 07:12:10 AM
 #179

USDT is on a major exchange and that means USDT is trusted by everyone so it can't be a scam. besides USDT is widely used by everyone to secure assets when the market is red.
There was only a small chance for USDT to be exit scam project consider it's not totally transparent with the real money that has already used to backed the token. I think that it's wrong to call this as a scam. All people trust usdt

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August 12, 2020, 09:30:22 AM
 #180

USDT is on a major exchange and that means USDT is trusted by everyone so it can't be a scam. besides USDT is widely used by everyone to secure assets when the market is red.

Usdt is also listed on non major exchange  . It's hard if will based on exchange to say that a coin is trusted or not  . Usdt is not a pure breed of crypto and there are people that won't trust that kind of coins but for some it's not really a big deal , as long as we can see them being paired on crypto and most feedbacks are okay  , we don't doubt on them .

Many simillar coins that have same concept as usdt but as of now usdt ranked first  .
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