what do you think about USDT?

[Dokdo766]

USDT is one of the stable coins that has a stable price using the original USD underlying, but did you know that USD currency can be printed arbitrarily without an underlying different from IDR or rupiah printed based on gold underlying
 in other words USDT can also print coins at will like USD can USDT be trusted?  without the underlying USD, which becomes the underlying of USDT, it could experience a sudden drop in price, in other words if the USD is problematic, it will also affect the USDT price.
 what do you think about this?

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[Shallow]

The simple fact has always been that, it's not really worth it, trusting centralized platforms because the team have the sole power to do any thing they want, and since USDT is one of such, the team can mint at will. However, on the other hand, USDT has grown so much over the years, have huge users and volume, therefore with such growth and position in the crypto space, one can say that, USDT will hardly face a problem which will lead to a sudden and significant drop in price, if that should happen, it will be a disaster, will affect a lot of people and will lead to the death of the platform, because trust will be lost in all ramifications.
In my own humble opinion, Bitcoin has always been the best and the most trusted for long term holding.

[kentrolla]

USDT is a secured asset in crypto currency people want a stable coin in this unstable market so I would prefer USDT when the market goes down, We also have a genuine example for fluctuation especially like bitcoin.

As far as I know Tether is a profitable investment in bear market situation even in volatile market it helps many of them to save their earnings to avoid loss as well, Tether is a safe and secure investment without any doubt.

[Sparrow96]

USDT has many controversies. Like, their lawyer claimed that each of the USDT tokens is backed by 0.74$ worth of cash. Also, USDT's parent company, Bitfinex failed to show audit. Their controversies forced USDT to drop below $0.87.

Instead of the controversies, I like to hodl USDT in the time of volatility. Because it's available in all of my favorite exchanges. Also, it's available in Tron, Ethereum, Binance, EOS, etc.

[Yudhisthir]

I try to avoid USDT as much as possible but most of the exchange provides margin and leverage only for USDT. If they have many options, the full potential and largest margin are restricted to USDT. Some exchanges provide lending only on USDT. These exchanges are trying all they can to promote USDT but their terms takes no liability in securing the price of those stablecoins. There must be some hidden interest involved with USDT.

[manfredmann]

I try to avoid USDT as much as possible but most of the exchange provides margin and leverage only for USDT. If they have many options, the full potential and largest margin are restricted to USDT. Some exchanges provide lending only on USDT. These exchanges are trying all they can to promote USDT but their terms takes no liability in securing the price of those stablecoins. There must be some hidden interest involved with USDT.

USDT is not a bad crypto and totally useful when you hold btc. This because yoi can get profit with bitcoin and can still be stored as crypto using USDT which is stable and has the value of which 1USDT is equivalent to 1$ respectively. Anyway, if you do not like this process you can still directly exchange your btc to fiat but you will going to expect that it will cost you more from the conversion process and third party services.

[DooMAD]

My views are summed up in these two topics:

https://bitcointalk.org/index.php?topic=3202211.msg33233707#msg33233707
https://bitcointalk.org/index.php?topic=1881199.msg18693313#msg18693313

It's basically just ~20 billion empty promises.  Avoid.

Just look at their legal page:

Tether makes no representations or warranties about whether Tether Tokens that may be traded on the Site may be traded on the Site at any point in the future, if at all.

No Representations & Warranties by Tether: Tether makes no representations, warranties, or guarantees to you of any kind. The Site and the Services are offered strictly on an as-is, where-is basis and, without limiting the generality of the foregoing, are offered without any representation as to merchantability or fitness for any particular purpose.

Limitation of Liability & Release: Important: Except as may be provided for in these Terms of Service, Tether assumes no liability or responsibility for and shall have no liability or responsibility for any claim, application, loss, injury, delay, accident, cost, business interruption costs, or any other expenses (including, without limitation, attorneys’ fees or the costs of any claim or suit), nor for any incidental, direct, indirect, general, special, punitive, exemplary, or consequential damages, loss of goodwill or business profits, work stoppage, data loss, computer failure or malfunction, or any and all other commercial losses (collectively, referred to herein as “Losses”) directly or indirectly arising out of or related to:
(...)
any delay in withdrawal or redemption, or loss of value of Tether Tokens or the Reserves backing such Tether Tokens resulting from failure or insolvency of any bank, depository, custodian, borrower, or payment processor holding or processing the assets backing Tether Tokens, or from the theft of such assets, or from freezes, seizures, or other legal process asserted by a Government

Translation:  When they run into a problem, it becomes your problem.

[Awalt541]

USDT is one of the stable coins that has a stable price using the original USD underlying, but did you know that USD currency can be printed arbitrarily without an underlying different from IDR or rupiah printed based on gold underlying
 in other words USDT can also print coins at will like USD can USDT be trusted?  without the underlying USD, which becomes the underlying of USDT, it could experience a sudden drop in price, in other words if the USD is problematic, it will also affect the USDT price.
 what do you think about this?

Stable coins, easy way to you saving USDT without account bank.  Helping trade to easily buy the crypto without third party or long procedure for spend out. I'm not sure about security they had some back up assets USD real or gold.  I have hear about USDT on smartcontract, if your token get burned, that's will be lost and can't recovered.

[kevinzxz]

USDT is one of the stable coins that has a stable price using the original USD underlying, but did you know that USD currency can be printed arbitrarily without an underlying different from IDR or rupiah printed based on gold underlying
 in other words USDT can also print coins at will like USD can USDT be trusted?  without the underlying USD, which becomes the underlying of USDT, it could experience a sudden drop in price, in other words if the USD is problematic, it will also affect the USDT price.
 what do you think about this?

as long as USD is still the currency that is recognized and used in the world, then in my opinion USD can still be trusted, therefore in my opinion USDT can still be trusted as a stable coin in cryptocurrency too, because I also prefer to use USDT as a stable coin to store my money in cryptocurrency to keep its value stable if I'm not trading.

[ChrisPop]

USDT is pegged to the US Dollar so it is normal to follow the purchasing power swings of the underlying.

Personally I don't use USDT because I consider it a risky currency. Besides being an inflationary asset you have to trust the company holding the underlying asset (Tether). That's an extra risk I am not willing to expose myself to.

[idrisalomagold]

It will definitely drop if USD would become problematic. The question however is that when can this be so possible and why hodl USDT? I mean USDT is there in order to have cryptocurrency pegged by USD value. In other words like other stable coin in order to maintain its value from the word itself "stable", it needs minting and burning to maintain at its par value equal to usd. In such case, it is so important to notice that despite being a cryptocurrency - it is not advisable to hold more USDT to grow money because in the first place it will always retain at its par.

 If the concern is investment purposes then the answer is solved however if it is because of the crypto itself; well the environment of crypto is total mainstream adoption so expect traditional financial set up to come up in the crypto world.

[verita1]

I think that we are not immune to a devaluation of the dollar. What can we do? Tether is controversial because the company has not demonstrated the reserves that backing tether and its role in manipulating the price of bitcoin.
Tether dominates the stablecoin market.

https://www.google.com/amp/s/cointelegraph.com/news/tether-s-market-cap-is-growing-at-a-near-record-pace/amp

I prefer Tether because of that fact. The good thing that could happen to us is that Bitcoin and crypto are accepted worldwide and we are not worried about the printing of money.

[bittreo]

My views are summed up in these two topics:

https://bitcointalk.org/index.php?topic=3202211.msg33233707#msg33233707
https://bitcointalk.org/index.php?topic=1881199.msg18693313#msg18693313

It's basically just ~20 billion empty promises.  Avoid.

Just look at their legal page:

Tether makes no representations or warranties about whether Tether Tokens that may be traded on the Site may be traded on the Site at any point in the future, if at all.

No Representations & Warranties by Tether: Tether makes no representations, warranties, or guarantees to you of any kind. The Site and the Services are offered strictly on an as-is, where-is basis and, without limiting the generality of the foregoing, are offered without any representation as to merchantability or fitness for any particular purpose.

Limitation of Liability & Release: Important: Except as may be provided for in these Terms of Service, Tether assumes no liability or responsibility for and shall have no liability or responsibility for any claim, application, loss, injury, delay, accident, cost, business interruption costs, or any other expenses (including, without limitation, attorneys’ fees or the costs of any claim or suit), nor for any incidental, direct, indirect, general, special, punitive, exemplary, or consequential damages, loss of goodwill or business profits, work stoppage, data loss, computer failure or malfunction, or any and all other commercial losses (collectively, referred to herein as “Losses”) directly or indirectly arising out of or related to:
(...)
any delay in withdrawal or redemption, or loss of value of Tether Tokens or the Reserves backing such Tether Tokens resulting from failure or insolvency of any bank, depository, custodian, borrower, or payment processor holding or processing the assets backing Tether Tokens, or from the theft of such assets, or from freezes, seizures, or other legal process asserted by a Government

Translation:  When they run into a problem, it becomes your problem.

I never went through their website and yet I am holding pretty much in USDT. Thanks for the light as I will definitely have to reconsider it by going thoroughly!

[Swopon]

USDT is an asset which is known as the Stable coin in the market and mostly profitable in the bearish market too. Converting to USDT, I secured my profit all the time. It is very useful in the unstable market to stable and secure your assets. I used USDT and prefer to use it to do transactions with minimum fees required.

[tranthidung]

Expands from USDT to stable coins. They are not stable as people think of and believe in. The risk of freeze on stable coins you have are there.

• Bitcoin pumps/ dumps and altcoin price actions (2013 - 2020) (see the part for stable coin at bottom of OP)
• PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

Also important: Tether has its bad reputation on how they back their Tether USD.

• Tether's U.S. Dollar Peg Is No Longer Credible
• Tether Says Its Stablecoin Is ‘Fully Backed’ Again
• Bitcoin and Tether USD (USDT) circulating supply (My topic is not an accusation on Tether but you can see how they prepare enough money to back their Tether and mint new USDT like that)

[Rodeo02]

For me, as long as I can take advantage of the USDT and it will not harm the cryptocurrency, I will use it. USDT is stable coin and is based on USD, so in case the value of USD goes down the USDT will go down as well. But I still prefer to use USDT in crypto if I'm not use my funds in trading because it was stable and safe for my funds.

As long as they can make it stable it safe to useas back up to your USF,  others are just scared because the rate might suddenly change if they do not maintain an adequate supply of it and in case many people  use this currency Everytime they want to secured their profit.and suddenly you also have a problem with the network they can lock or freeze your balance if they found reason to do that.

[manok jepang]

USDT has become the most important stablecoin in the crypto market as it controls 87.1% of the Bitcoin trading market. each USDT is backed 100 percent by Tether Ltd's reserves which include traditional money,
The price difference between crypto exchanges with higher or lower trading volumes is normal due to the law of supply and demand. With its 24-hour trading volume of US $ 17 billion, this reflects the “very fast” USDT circulation across some 400 crypto exchanges worldwide.

[minhkhoa]

Each person has an idea of USDT. In my opinion, When the amount of money in my wallet depends on the price of Bitcoin or the price of ALtcoins I would think of USDT. It helps me can hold and control my asset.

[Imran232]

I think if bitcoin is a mother of crypto currency then usdt is a brother of crypto currency. Its a stable currency its badly must needed coin. Why? There is the reason when we see bitcoin price pump soo much that means now we should convert it soo that i don't lose the profit. In cryto currency market we can't exchange it our local usd cash. That is why we use usdt. It has stable price. Think i buy 1 bitcoin at $17000 after some day it becomes $20000 now i convert it in usdt i got 20000 usdt coin. And then after some time bitcoin become $16000 that means the price is deep now. Now if i buy 1 bitcoin i have to spend $16000 means 16000 usdt coin. That means now i have 4000 usdt coin and $4000 profit. If i couldn’t exchange it in usdt then my $4000 won't be profitted.

[Twentyonepaylots]

Although USDT got into some shit from the past, controversies after controversies I still use it for stabilizing my balances to avoid market fluctuation, one thing you should do is not to let your funds sleep in any currency but only with decentralized currency so you can sleep peacefully. There are bunch of stable coins in the market but it isn't paired with every coins, unlike USDT, so most probably people will just use USDT. If you're a trader like me, you won't have any problem using USDT