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Author Topic: reasons why someone wants to pay in tether and not bitcoin?  (Read 597 times)
carrie_white
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March 20, 2023, 03:15:01 PM
 #101

of course this is due to the problem of fluctuations, what is feared and avoided from paying using bitcoin is the instability of bitcoin, the price of bitcoin which fluctuates very quickly makes people hesitate when they want to pay or be paid with bitcoin, so it is still safer if paid with stablecoin

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Pamadar
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March 20, 2023, 05:34:20 PM
 #102

of course this is due to the problem of fluctuations, what is feared and avoided from paying using bitcoin is the instability of bitcoin, the price of bitcoin which fluctuates very quickly makes people hesitate when they want to pay or be paid with bitcoin, so it is still safer if paid with stablecoin

Yeah, people who don't want to play with volatile market are people who will favor and choose tether for their transactions
and not to use Bitcoin to avoid losing money.

But for those who understand it well, they will continue to support the process,
either they will choose to recieve Bitcoin  or they will use it to purchase to show
support with this industry.
errorcode99
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March 21, 2023, 11:33:56 AM
 #103

Because when you have Tether you won't worry about price volatility but you won't have the chance to multiply your profit also you need to understand that having USDT in your wallet is not like owning bitcoin because nobody is there to freeze your account but when you hold Tether you are advised to withdraw as soon as possible to avoid things like that happening or something like that because it is centralized unlike Bitcoin.
mulia sabee
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March 21, 2023, 05:20:01 PM
 #104

Despite that Tether has a stable value and people are aware that it can freeze anyone's asset anytime and have it blacklisted, they're choosing it because it's exempted from volatility.
And as we all know bitcoin, if someone wants to pay it, he's paying it depending on the market's value in real-time. That's why we get to see campaigns and other services getting paid in bitcoin based on USD value from the very moment the payment will be sent, so, as it's volatile the value might change and it's not stable.

tmaybe that's because the price continues to be stable or you could say it's just a store of value.
  Tether always has a stable price, if you have bought $300 on USDT, and almost certainly it will be a fixed price, the percentage up and down shifts only slightly, unlike Bitcoin where the price will fluctuate or fluctuate. But if you want to speculate for profit then of course BTC is a very good choice in my opinion.

Wiwo
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March 21, 2023, 06:34:47 PM
 #105

Because when you have Tether you won't worry about price volatility but you won't have the chance to multiply your profit also you need to understand that having USDT in your wallet is not like owning bitcoin because nobody is there to freeze your account but when you hold Tether you are advised to withdraw as soon as possible to avoid things like that happening or something like that because it is centralized, unlike Bitcoin.
Aside from short-term volatility, we still have transaction fees to consider as per why forks prefer Tether to Bitcoin because due to the high demand for Bitcoin and its network congestion miners are taking high fees to get transactions confirmed, but tether has a more faster and cheaper transaction process.

-We may find other reasons for this but to a certain point these two reasons are the major reasons why cryptocurrency holders prefer to receive payment in the tether and not Bitcoin.
OpenCEX
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March 21, 2023, 06:55:56 PM
 #106

Reason 1: stability. Forex and stocks trading is usually carried out from a very stable currency such as EUR, USD, or GBP. As a result, it’s possible to pinpoint changes in the value of the asset that is being traded. Trading from a coin that is volatile might make the technical analysis harder to apply. Due to this, USDT and it’s stability can be a very good solution to trade altcoins according to your strategy.
Reason 2: USDT preserves its value during downtrends. When the bear market hit in 2018, holding any kind of unstable coin might have lost you some serious value. However, USDT stayed safe from the slaughter since it’s backed by real dollars.
Lainta
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March 21, 2023, 07:01:50 PM
 #107

Because when you have Tether you won't worry about price volatility but you won't have the chance to multiply your profit also you need to understand that having USDT in your wallet is not like owning bitcoin because nobody is there to freeze your account but when you hold Tether you are advised to withdraw as soon as possible to avoid things like that happening or something like that because it is centralized unlike Bitcoin.
It is true that holding Tether (USDT) can help reduce the impact of price volatility in the cryptocurrency market, as it is designed to maintain a stable value of 1 USDT = 1 USD. However, it is important to note that holding USDT is not the same as owning Bitcoin or other cryptocurrencies, as USDT is a centralized digital asset issued by a private company.
As a centralized entity, the Tether company has the authority to freeze or seize USDT balances in certain circumstances, which is not possible with decentralized cryptocurrencies like Bitcoin. Therefore, it is recommended to withdraw USDT from exchanges and other centralized platforms as soon as possible to minimize the risk of loss.

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Stable090
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March 21, 2023, 08:24:42 PM
 #108

What could be the reason for someone wanting to pay in Tether and not bitcoin? 

my understanding is that using bitcoin, you will not have to worry about your crypto being frozen.   

Could there be any reason for tether being advantageous in such transaction?
Most of them believe if they purchase bitcoin and they want to pay you, the bitcoin price might have drop before they end you the bitcoin, but if they purchase tether, the price will remain the same before they will pay you, they don’t have to be bothered about bitcoin price movement whenever they purchase bitcoin and they want to make payment. I don’t think tether will be frozen if you don’t involve yourself in any illegal activity, before your tether will be frozen, your wallet must have been under watch first.

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