Do you trust USDT?

[Vishnu.Reang]

Yes I definitely trust usdt because of its being one of the most stable coin in the market and it is also one of the popular stablecoin that is being using by many crypto enthusiast that makes it very unique and awesome coin.

Most stable coin? Dude, all the stable coins in the market are stable. That's why they are called as stable-coins. They are pegged against fiat currency and therefore they will be devoid of volatility unlike the other cryptocurrencies. But the question is whether you can trust them or not. Stablecoins are just tokens issued by various cryptocurrency exchanges. If the exchange goes down, then the corresponding stablecoin will also become worthless.

[Kgn78692]

USDT is the most famous crypto stable coin in the world in my opinion this can't be fake because it's already in the market for almost 2-3 years but it is still running and I think this coin has very bright future as compared to any other stable coin

[deathcode]

same here i'm curious if the tether should be trusted some users say that it shouldn't be trusted and some says it could be trusted for a short time i'm not quite sure about the long term use of it. i think in my opinion i should hold btc or ethereum rather than holding usdt for a long term.

if you think for the long term of course it would be better for BTC or ETH as an asset to keep. USDT will not undergo major changes even if you save it for a very long time. but BTC and ETH can move up and have a higher value than your purchase price.
USDT is not a problem asset. we can believe it in a short time as you say. USDT is very useful and has a very wide market.

[Miaallen]

I trust it the tether to the maximum trustworthiness. It is even the most trusted of all stable coins to me. I spoke with many friends who either sell their coins for fiat currencies or just tether which they hold for long period. That shows how much people trust it.

[jajorforce]

I personally don't trust USDT completely, you don't need to trust anything before using it. I can see USDT points as a stable coin to switch to when the crypto market is volatile. Keep your ideas right about USDT simple. so, use stable coins as trading pairs and not for long term investments.

I don't understand your point! Should we use USDT for trading to avoid huge losses? Tether is the very oldest coin in cryptocurrency and we can use it for a short or long term. 91% people trust USDT token, even vote also for Yes. Stable coin maximum supply can't be fixed, we have to trade with consider it. Although stable coin trading profits are very low.

[3meek]

This is the undeniable proof that shows how retarded this space has become.

When Bitcoin goes moon next time and whoever buys it above its last ATH will suicide in masses.

Tether MC is now $14.7b. Another ~$500m was printed in the last few days.

GoxV2.0  loading.

What is even more sad, some people think these manipulative moon shots are good for bitcoin.

Yes, you are right! At this rate, Tether will be able to bypass the bitcoin in capitalization! But if another Gox happens to it, the whole crypto market will just collapse and I don't think it will ever recover!

[Snigdho07]

I never believe cryptocurrency 100% fully because every cryptocurrency have some pros and cons. But take them on a side I personally don't think that USDT is too much suspicious though it has some issue. It is a stable coin so sometimes I convert crypto into usdt.

[mindrust]

This is the undeniable proof that shows how retarded this space has become.

When Bitcoin goes moon next time and whoever buys it above its last ATH will suicide in masses.

Tether MC is now $14.7b. Another ~$500m was printed in the last few days.

GoxV2.0  loading.

What is even more sad, some people think these manipulative moon shots are good for bitcoin.

Yes, you are right! At this rate, Tether will be able to bypass the bitcoin in capitalization! But if another Gox happens to it, the whole crypto market will just collapse and I don't think it will ever recover!

When people like Peter Schiff who don't know jack shit about crypto say that crypto is a ponzi scheme, they unintentionally say the right thing. That's even more sad.

Bitcoin itself isn't a ponzi scheme but when you create USD out of thin air and inflate the price of bitcoin so you can sell your stash from a higher price, now that's criminal act.

I wonder where are the damn FEDs who caught the ceo of btc-e in Greece for money laundering while 'Finex is printing fake USD's in front of everybody's eyes.

[azmirihaque]

USDT is good and stable coin. Thousands of investors have already invested on this coin. USDT is one of the most trading coins in the blockchain trading platform. It is one my favorite coin. Crypto market is spreading very soon. So, I think, as a established coin in this market, it will never scam.

[3meek]

This is the undeniable proof that shows how retarded this space has become.

When Bitcoin goes moon next time and whoever buys it above its last ATH will suicide in masses.

Tether MC is now $14.7b. Another ~$500m was printed in the last few days.

GoxV2.0  loading.

What is even more sad, some people think these manipulative moon shots are good for bitcoin.

Yes, you are right! At this rate, Tether will be able to bypass the bitcoin in capitalization! But if another Gox happens to it, the whole crypto market will just collapse and I don't think it will ever recover!

When people like Peter Schiff who don't know jack shit about crypto say that crypto is a ponzi scheme, they unintentionally say the right thing. That's even more sad.

Bitcoin itself isn't a ponzi scheme but when you create USD out of thin air and inflate the price of bitcoin so you can sell your stash from a higher price, now that's criminal act.

I wonder where are the damn FEDs who caught the ceo of btc-e in Greece for money laundering while 'Finex is printing fake USD's in front of everybody's eyes.

Previously there were many claims to finex and Tether, but for some reason they still function... By the way, earlier Tether claimed that their token is not fully secured by the dollar as well as by various tokens!
Fake is now provided by a fake!

But no matter how paradoxical it may be, personally I don't see any other substitute for USDT on the stock exchanges...

By the way, there are many ponzi in crypto, especially new DeFi projects...

That's why people treat cryptocurrency as a casino or Wild West! One FED will probably not be enough here!

[Alohadanc3]

For me it's yes. And mong all stable coin I mainly go for usdt. Inknow there are many rumours about usdt. But I never felt any kind of problem in usdt. Usdt has biggest marketcap among all the stable coins. Cause people like it that's why usdt is able to gain this kind of big market cap. But if you think that you don't like usdt. Then there are lot of options available. You can try any of them. And better option is you can split your fund in different stable coins.

[Dessy88]

I personally don't trust USDT completely, you don't need to trust anything before using it. I can see USDT points as a stable coin to switch to when the crypto market is volatile. Keep your ideas right about USDT simple. so, use stable coins as trading pairs and not for long term investments.

Lol then which coin you want use for trading? I think you are a rich trader because you have no fear of losing money. More convenient than all other currencies is usdt which is actually a stable coin. You can trade carefully and your money will not change because usdt is a stable coin whose value is always stable.

[Dana888]

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 this be a Scam if it is a liquid token? Let's look at its statistics and see that all its time it was almost completely pegged to the dollar. Why is it a Scam if you can sell it on any decent exchange and get real money on it? In my opinion, everything is obvious - he is the same fraudster as bitcoin)()

[TIDOVEE]

I'm yet to know what's wrong with it. I have heard a few noise around it but I invested in it and have the token without issues.
So far,  I still trust USDT until it gives me reasons not to trust it again. There are always the bad ones that make people disbelieve what is real.let's watch it our over time. It is a liquid token.

[AlexAtom]

Why should i doubt USDT ? There are many people in cryptocurrency using USDT as their stable coin now.
You can see just on ethereum network alone, USDT usage is very high and it is one of the most gas user in ethereum blockchain.
If you don't trust USDT, using other stable coins maybe a good option for you to avoid high volatility in crypto.

[btc-facebook]

USDT is good and stable coin. Thousands of investors have already invested on this coin.

I think you mean thousands of investors are not investing, but saving their assets in USDT,
because stable coins are very different from other coins, those who buy stable coins tend to want to keep their assets or save assets when the market is down,

[qwizzie]

If with USDT you mean ERC20 Tether, then maybe the question should be : do you trust Ethereum network to handle Tether (for now and for the nearby future) ?

[GatotKaca]

USDT is already very trusted because USDT is already a lot in several large exchangers moreover USDT is the main pair in all coins or tokens
other than that the USDT network is already very large examples of networks such as USDT ERC20 and USDT TRC 20 so there is no need to hesitate with this stable coin

[3meek]

If with USDT you mean ERC20 Tether, then maybe the question should be : do you trust Ethereum network to handle Tether (for now and for the nearby future) ?

I think it's not the Ethereum network, but the centralization of Tether and smartcontract features!
For example, the Tether team was recently able to REFUND 1M USDT, which were wrongly sent! LOL...

[MCDev]

USDT is good and stable coin. Thousands of investors have already invested on this coin.

I think you mean thousands of investors are not investing, but saving their assets in USDT,
because stable coins are very different from other coins, those who buy stable coins tend to want to keep their assets or save assets when the market is down,

That's right, USDT's position in the crypto market is where people shelter their assets.
When the market goes down they buy USDT and when the market goes up they invest in the currencies they like. That's how USDT and the crypto market work.