krayzie32
Sr. Member
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Activity: 479
Merit: 250
https://streamies.io/
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April 20, 2020, 11:29:08 AM |
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Many people trust usdt, but i personally avoid using this stable coin, too many bad news behind usdt, I choose usdc if i want to hodling usd stable coin, it more credible than tether in my opinion, but i rarely hodl fiat stable, because im not a daily trader
There is no reason for you to be disappointed with USDT because this coin is still significantly better than other stable coins and the value of USDT is always at $1. I think the USDT fud news doesn't affect your assets so this coin is still good for everyone. Currently, other stable coins such as USDC, BUSD, TUSD are only alternatives and cannot compete with USDT. |
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The trust scores you see are subjective; they will change depending on who you have in your trust list. |
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Bukata
Jr. Member
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Activity: 32
Merit: 2
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April 22, 2020, 11:31:25 AM |
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People can Trust USDT but for a short period of time coz it can be controlled like Fiat. The deal should be if you trading and Altcoins are losing covert to USDT when they start to bull you recover your tokens from USDT. So it's very risky when you use it for a long time, you might lose big time.
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Captain Corporate
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April 22, 2020, 03:09:38 PM |
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How come people managed to accept centralization? At what point did that started? Tether is a company that prints out whenever they want and sells to you and can control it whenever they want, they could literally reverse it if they want to and just pure owner of all of them and rents it out to you for ownership for a period and you guys all pay for it. When did we start accepting centralization?
I think it may all started back when coins where actually never printed or minted beforehand, they were released with wallets and you started to mine it, nobody owned it, nobody controlled it, nobody was the creator or the owner or whatever, one day ICO started and all of these projects printed their coins beforehand and sold it to you to make money and told people they will use that to improve it, and people believed. Ever since that day we are not really doing all that well anymore and accepted centralization.
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Slingshot
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April 22, 2020, 03:54:15 PM |
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To me usdt is the most trusted and the loss isn't as huge as others, it's a stable coin and it's something one can have and forget it for months still come back and meet it same way without much panic, usdt is the most and more trusted coin to use moreover it's a stable coin so not a coin one should be scared of. I could remember when market went down including usdt but usdt hard to pick up back to its usual rate while others couldn't. This is the market.
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ElmedoRator
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April 22, 2020, 03:57:34 PM |
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For me, USDT is like Fiat and I totally believe in it. This market could collapse and bitcoin could fall heavily. But I believe USDT will never collapse as if because they are backed by USD. So it is very safe for you to use without doubt
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3meek
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April 22, 2020, 05:54:49 PM |
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USDT has been successfully existing for over 5 years and everything is fine! Although I myself am not a follower of the digital dollar on the blockchain, LOL! But still USDT sometimes saved me from financial losses! It is on all stock exchanges, which is not the case with other stablecoins! The only thing I can advise you is not to keep your money in USDT all the time!  |
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Renampun
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April 22, 2020, 06:21:20 PM |
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to use? I think that's trusted...
to transact USDT is much better than Bitcoin because the exchange rate is more stable when compared to Bitcoin.
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Convery
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April 22, 2020, 09:08:21 PM |
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Even USDT has bad reputation, it is still the biggest and most trusted stable accepted by almost every crypto exchange. DAI looks good technically, but only on paper, I am afraid that if the market crash, the price will not resist because it won´t be backed by enough Ethereum coins.
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FLHippy
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April 22, 2020, 09:19:28 PM |
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There are good alternatives: USDC and Gemini Dollar, both are audited by independent audit companies that provide enough credibility. But now I would be more afraid because central banks want to fight with all stable coins.
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Zazzu
Sr. Member
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Activity: 518
Merit: 256
Living the truth....
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April 22, 2020, 10:36:59 PM |
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To be honest, there is no safe altcoin in this market. Even Bitcoin has a lot of FUD and its price could collapse anytime. If you enter this market you should take risks, I have been using USDT for about 3 years and have not had any problems with it. And hopefully it will go smoothly in the future
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TopT3ns
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April 22, 2020, 10:43:13 PM |
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To be honest, there is no safe altcoin in this market. Even Bitcoin has a lot of FUD and its price could collapse anytime. If you enter this market you should take risks, I have been using USDT for about 3 years and have not had any problems with it. And hopefully it will go smoothly in the future
as far as I know, no one can guarantee the security of all cryptocurrency trading that you do because if you do trading activities like this, all cryptocurrency prices can fall suddenly because of fluctuating price movements, when you want to enter a cryptocurrency, be careful careful is more important. |
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imstillthebest
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April 22, 2020, 10:46:32 PM |
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never hear of dai or sai but looks like these coins are less trusted than usdt so i still go for usdt .
trading volume for usdt is not questionable since usdt is a popular stable coin and verry useful nowadays that the market is now verry volatile . and why news around usdt are going to shutdown ? bad news or good news is normal and i never heard a news that had been shutdown before . lastly if you dislike centralized coins then fine dont use it but i cant say that being centralized are bad .
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Teraboy
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April 23, 2020, 04:20:26 AM |
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There are good alternatives: USDC and Gemini Dollar, both are audited by independent audit companies that provide enough credibility. But now I would be more afraid because central banks want to fight with all stable coins.
Keep calm dude and you should not feel worry about that. We have seen so many times central banks were also saying the they will ban crypto and bitcoin but the opposite thing is happening as the result from the strong community behind crypto. The only main concern if all of stable coins must be audited to verify the reserved funds to issue the stable coin. |
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3meek
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April 23, 2020, 08:00:22 AM |
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Even USDT has bad reputation, it is still the biggest and most trusted stable accepted by almost every crypto exchange. DAI looks good technically, but only on paper, I am afraid that if the market crash, the price will not resist because it won´t be backed by enough Ethereum coins.
Actually USDT is also volatile and sometimes costs 0.9-1.1 dollars! I remember in October 2018 the value of USDT fell to 0.6 dollars... Well, if the market collapses, USDT can't resist either! Because USDT is also not secured by the dollar! |
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rahmatullah9305
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April 23, 2020, 08:13:18 AM |
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I don't know about the dai or sai you said but I know USDT can be trusted as it as been around for a very long time. The mean reason why its trading volume is increasing is because the of the COVID19 crisis that is affecting the market. People are using USDT to preserve the price of their money.
Yes, that's right, USDT tokens are always used by many people in terms of maintaining the value of their money in the market, because USDT tokens are tokens that have been proven in price stability and everyone certainly likes it. |
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TheGreatPython
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April 23, 2020, 03:09:32 PM |
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Tether literally printed out 600 MILLION DOLLARS worth of tether, we are talking about SIX HUNDRED MILLION DOLLARS!
Are you aware how much that money is? They literally sold over 6 billion dollars worth of tether to public so far, I can not believe there are so many people who are willing to buy something that has zero value and make it such a big thing, over 6 billion dollars just given away to these people for no reason at all, they have used it for all their expenses.
What is next? They are going to start charging taxes on what you spend your tether on? They are literally doing what the government has done with fiat for centuries and they are doing it illegally as well. I have done my warning a million times, anyone who gets their money stolen when tether runs away is an idiot who never listened to me.
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Mpamaegbu
Legendary
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Activity: 2674
Merit: 1208
Once a man, twice a child!
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April 25, 2020, 08:25:07 PM |
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People can Trust USDT but for a short period of time coz it can be controlled like Fiat. The deal should be if you trading and Altcoins are losing covert to USDT when they start to bull you recover your tokens from USDT.
The tactics is called tethering. Before the USDT and other stable pairs came up, crypto trading was either buy low and then sell high. There was no way anyone could "hang" or convert a coin in expectation that it was going to crash for a quick gain. But now all that is possible. This is what I use the USDT coin for. So it's very risky when you use it for a long time, you might lose big time.
It's not that you may lose. It's just that you may not make extra profit if you tether a coin and it begins to pump. That's just it. But what about you don't tether and the coin begins to crash? Is that any better? Well, it's not. |
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XCANA
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April 25, 2020, 09:01:35 PM |
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When you talk about trust in this regard I would say NO, USDT shouldn't be trusted at anytime because there have been stories concerning its existence and should be carefully use. Those who actually used the said coin or still using it are just holding their coins there because of other coins volatility. Though, this is what I usually do whenever there's a market downtrend, I save all my Bitcoins in USDT for the safety of my investment, but am afraid that of their existence till date.
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giammangiato
Legendary
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Activity: 1722
Merit: 1240
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April 25, 2020, 09:28:52 PM |
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very true what you say about this coin, but ask yourself a question.
Are other coins equally dangerous or not?
For example, USDC?
I don't feel like drawing conclusions - better to trust little of everyone
personally, I prefer to differentiate
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TheICE007
Full Member
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Activity: 646
Merit: 100
tozex.io
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April 25, 2020, 09:35:36 PM |
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So much talk about the usdt, so I don't think I will give it my full trust,but then it is good for saving the day, especially when there is a missive drop down of crypto value,the usdt will serve a very good purpose of retaining the price value so it's a two way thing for saving the current price value but if bitcoin moves it losses some days.
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