Btc and usdt people trust

[325btc]

Traders and alot rich traders investors are in 2 things.
Btc and usdt as USDT is safe place to hold funds but how the exchangers protect this ?
Imagine if something happens with usdt many people will lose so much that they never cant deal with crypto anymore so what is the exvhangers security plan to fully protect customers ?
As myself fully depend on usdt thats how much i trust usdt and usdc also.

People want to be in crypto if they can funds in stable coins to give them safety but if usdt not safe as there is rumours about usdt then all the crypto game will be over.
I can never sleep well if i know my money will be in volatile coins so USDT is now very important and gives confidence for investors and crypto lovers such us myself

[AB de Royse777]

Btc and usdt as USDT is safe place to hold funds but how the exchangers protect this ?

BTC guys do not trust USDT. In fact, no one should trust USDT. The traders only use it for their stable value. When they think the market will go down then convert their BTC to USDT so that they can buy back. They may also convert them in USDT if they think they want to do a p2p trade to get cash and btc price is moving too much.

[KingsDen]

Btc and usdt as USDT is safe place to hold funds but how the exchangers protect this ?

You make it look as if USDT can only be stored on exchanges and it lies on the hands of the exchanges to protect and preserve it. The rumour about usdt vanish or cash is it applicable to only usdt on exchanges?
Besides, there are other stable coins.
If you think of Bitcoin and USDT being in danger, also think of crypto not existing again. Then, ensure all crypto lovers are killed, because the people move the market and not a supernatural force.

[Etranger]

Traders and alot rich traders investors are in 2 things.
Btc and usdt as USDT is safe place to hold funds but how the exchangers protect this ?
Imagine if something happens with usdt many people will lose so much that they never cant deal with crypto anymore so what is the exvhangers security plan to fully protect customers ?
As myself fully depend on usdt thats how much i trust usdt and usdc also.

People want to be in crypto if they can funds in stable coins to give them safety but if usdt not safe as there is rumours about usdt then all the crypto game will be over.
I can never sleep well if i know my money will be in volatile coins so USDT is now very important and gives confidence for investors and crypto lovers such us myself

If you do not trust USDT, why not use the fiat currency that is on the exchange? For example, the euro or your local currency? I understand that this action also entails certain risks, but if you do not keep savings in the stablecoin but only withdraw from other currencies to fix profits and for further reinvestment, then why not use them?

[Yogee]

Crypto lovers loving USDT really sounds ironic hehe. USDT may be using blockchain technology but it's not that different from fiat if you take a deeper look. It is minted by a company that's also under the control of the Government. Exchange protection of your USDT should be the least of your concern when Tether can freeze your funds wherever they may be.

[Marvelman]

Traders and alot rich traders investors are in 2 things.
Btc and usdt as USDT is safe place to hold funds but how the exchangers protect this ?

Owning USDT is different from owning real dollars. In terms of technology, USDT is secure, but you can trust USDT as much as you trust the company issuing and supporting it. You should read what Tether actually holds in reserve to backup their tokens.
There are a number of other stablecoins available that operate in a more transparent manner.

[Ale88]

Traders and alot rich traders investors are in 2 things.
Btc and usdt as USDT is safe place to hold funds but how the exchangers protect this ?
Imagine if something happens with usdt many people will lose so much that they never cant deal with crypto anymore so what is the exvhangers security plan to fully protect customers ?
As myself fully depend on usdt thats how much i trust usdt and usdc also.

People want to be in crypto if they can funds in stable coins to give them safety but if usdt not safe as there is rumours about usdt then all the crypto game will be over.
I can never sleep well if i know my money will be in volatile coins so USDT is now very important and gives confidence for investors and crypto lovers such us myself

I see a lot of confusion in this post. First of all Tether clarified their position with the US government, so that kind of FUD is quite old, and if you really don't trust USDT and want to have stable coins then there are plenty of options out there: BUSD, USDC, UST... Anyway I still don't understand why Tether should scam the whole ecosystem, how they could make more money with a scam rather than keep making a ton of money every single day.

[coupable]

Traders and alot rich traders investors are in 2 things.
Btc and usdt as USDT is safe place to hold funds but how the exchangers protect this ?
Imagine if something happens with usdt many people will lose so much that they never cant deal with crypto anymore so what is the exvhangers security plan to fully protect customers ?
As myself fully depend on usdt thats how much i trust usdt and usdc also.

People want to be in crypto if they can funds in stable coins to give them safety but if usdt not safe as there is rumours about usdt then all the crypto game will be over.
I can never sleep well if i know my money will be in volatile coins so USDT is now very important and gives confidence for investors and crypto lovers such us myself

The conclusion that the idea that crypto game will end if usdt crashes is totally incorrect. They are not related and usdt isn't a safe asset because of technical reasons and that most of it is not backed by real dollars reserve in addition to their special design that let the devs behind it freeze any amount of USDT in any address at any time [This happened several times for good reasons but no garantees for what may happen in the future].
USDT is considered safe only by Trading means ; traders freeze their assets during big dumps. If anyone is using it otherwise, i think he is taking a risk .

[Smartvirus]

Traders and alot rich traders investors are in 2 things.
Btc and usdt as USDT is safe place to hold funds but how the exchangers protect this ?
Imagine if something happens with usdt many people will lose so much that they never cant deal with crypto anymore so what is the exvhangers security plan to fully protect customers ?
As myself fully depend on usdt thats how much i trust usdt and usdc also.

There is a hilarious saying in my locality that goes, "taking panadol on someone else's headache" or "asking someone to vomit what they never ate". That's almost exactly what your asking. Mind you, all these BTC or USDT are coins one do invests in depending on there purpose.

Anything thing to note is that, those are some different projects or companies that differ from the exchanges. Exchanges only provides the needed services by listing these coins for trades and you get to invest in them because, you've found them to be of benefit to your course at any particular time.

The unforseen circumstances or unreliability of any project is one of the reasons why, your asked to always DYOR before jumping in. No exchange would be providing some security over your financial decision.

[stomachgrowls]

Btc and usdt as USDT is safe place to hold funds but how the exchangers protect this ?

BTC guys do not trust USDT. In fact, no one should trust USDT. The traders only use it for their stable value. When they think the market will go down then convert their BTC to USDT so that they can buy back. They may also convert them in USDT if they think they want to do a p2p trade to get cash and btc price is moving too much.

It should really be on this manner but i do believe that majority specially traders do really treat up USDT on saving up their asses on the time on where bitcoin is too volatile or simply securing out their

profits directly and wont tend to make it affected with volatility but treating it as a sort of storage or accumulation then i dont see for it to be safe or in any coin whether a stable one or not.
You could trust but dont give out 100% and only put up on the amount that you could afford to lose as always yet this had been always the primary rule.

[Jawhead999]

USDT can't be trusted 100% due to it's not backed with real USDT while they claimed the project backed with 100% USD. Also it's centralized and they can froze your tokens whatever they want.

The alternative is decentralized stablecoins e.g. DAI. The problem is many exchange doesn't have a lot DAI's pair and not really liquid, but it's safer.

If you do not trust USDT, why not use the fiat currency that is on the exchange? For example, the euro or your local currency?

Perhaps it's slower than use USDT if he want to buy Bitcoin on specific moment or his local currency highly inflate.

[Ale88]

Traders and alot rich traders investors are in 2 things.
Btc and usdt as USDT is safe place to hold funds but how the exchangers protect this ?
Imagine if something happens with usdt many people will lose so much that they never cant deal with crypto anymore so what is the exvhangers security plan to fully protect customers ?
As myself fully depend on usdt thats how much i trust usdt and usdc also.

People want to be in crypto if they can funds in stable coins to give them safety but if usdt not safe as there is rumours about usdt then all the crypto game will be over.
I can never sleep well if i know my money will be in volatile coins so USDT is now very important and gives confidence for investors and crypto lovers such us myself

I see a lot of confusion in this post. First of all Tether clarified their position with the US government, so that kind of FUD is quite old, and if you really don't trust USDT and want to have stable coins then there are plenty of options out there: BUSD, USDC, UST... Anyway I still don't understand why Tether should scam the whole ecosystem, how they could make more money with a scam rather than keep making a ton of money every single day.

Ok now i trust usdt

Besides your sarcastic answer, I'm not saying you must trust USDT, I told you some facts, real facts, regarding USDT, that's all. My life won't change wether you trust or not USDT, I simply tried to help you explaining better the situation, if you get offended because you write stuff that doesn't make sense and someone explains you why you're wrong, well, not my problem

[boyptc]

Not everyone is into thinking that there are stable coins in the market. Majority of the newbies when they've learned about cryptocurrencies, one thing is what they understood and that is being the most volatile market in the world.

That's a few word and understanding and that's why they're aware of anything can possibly pump and dump.

And for people like you that relies on stable coins and thinks of a protection for your money, you have embraced crypto and it's the foremost character that it has.

You have to bear with it but there's a solution on it, instead of USDT, use DAI.

[Kemarit]

Traders and alot rich traders investors are in 2 things.
Btc and usdt as USDT is safe place to hold funds but how the exchangers protect this ?
Imagine if something happens with usdt many people will lose so much that they never cant deal with crypto anymore so what is the exvhangers security plan to fully protect customers ?
As myself fully depend on usdt thats how much i trust usdt and usdc also.

People want to be in crypto if they can funds in stable coins to give them safety but if usdt not safe as there is rumours about usdt then all the crypto game will be over.
I can never sleep well if i know my money will be in volatile coins so USDT is now very important and gives confidence for investors and crypto lovers such us myself

I think this is not new, since the advent of stable coins, they have been accused of running on fractional reserves, they are even been charge of bringing bearish trend on the market and can really put a dent on the price.

I guess the only way to protect yourself and not to fully store your bitcoin into these stable coins. Just learn to hold even if the price is going down and just continue buying and be a long term holder.

[Cryptomiles1]

Traders and alot rich traders investors are in 2 things.
Btc and usdt as USDT is safe place to hold funds but how the exchangers protect this ?
Imagine if something happens with usdt many people will lose so much that they never cant deal with crypto anymore so what is the exvhangers security plan to fully protect customers ?
As myself fully depend on usdt thats how much i trust usdt and usdc also.

People want to be in crypto if they can funds in stable coins to give them safety but if usdt not safe as there is rumours about usdt then all the crypto game will be over.
I can never sleep well if i know my money will be in volatile coins so USDT is now very important and gives confidence for investors and crypto lovers such us myself

Have you also forgotten there are lot of stable coin which investors can easily convert their BTC with? Yes there is, BUSD can be likely used to convert their BTC when the market is at storm. Stable currencies i see is just for funding and payments.

[Odusko]

Crypto lovers loving USDT sounds ironic hehe. USDT may be using blockchain technology but it's not that different from fiat if you take a deeper look. It is minted by a company that's also under the control of the Government. Exchange protection of your USDT should be the least of your concern when Tether can freeze your funds wherever they may be.

You are correct USDT may look safe for holding on to the exchange since it has a fixed price and is less volatile but again less secured for the holder cause your USDT can be rendered useless or locked by the developer since it's a centralized currency under the control of the government. And I don't consider any fund on exchange as safe because the wallet is no custodial so no keys no wallet anything can happen to your funds in them.

[pooya87]

as USDT is safe place to hold funds

No it is not.
USDT is one of the most centralized and shadiest altcoins that exist. It can literary disappear at any moment when the feds break down their door and shut them down for illegally printing "money".
They also fully control their chain and can reverse any transaction they like.

Imagine if something happens with usdt many people will lose so much that they never cant deal with crypto anymore

The altcoin bag holders have lost a lot of money throughout the years and nothing changed... They will continue to lose a lot of money and nothing will change...

so what is the exvhangers security plan to fully protect customers ?

Nothing, they will create another centralized shitcoin and the same people would start using that.

if usdt not safe as there is rumours about usdt then all the crypto game will be over.
I can never sleep well if i know my money will be in volatile coins so USDT is now very important and gives confidence for investors and crypto lovers such us myself

If you want stability why aren't you using fiat, namely USD instead of some centralized shitcoin called USDT?
And it has nothing to do with "crypto game" whatever the hell that means. If you want cryptocurrency experience use bitcoin. It is secure, decentralized and nobody can reverse your transaction unlike these shitcoins.

[mindrust]

Traders and alot rich traders investors are in 2 things.
Btc and usdt as USDT is safe place to hold funds but how the exchangers protect this ?
Imagine if something happens with usdt many people will lose so much that they never cant deal with crypto anymore so what is the exvhangers security plan to fully protect customers ?
As myself fully depend on usdt thats how much i trust usdt and usdc also.

People want to be in crypto if they can funds in stable coins to give them safety but if usdt not safe as there is rumours about usdt then all the crypto game will be over.
I can never sleep well if i know my money will be in volatile coins so USDT is now very important and gives confidence for investors and crypto lovers such us myself

The solution is easy: Don't hold any USDT. USDT is indeed not the safest thing out there because Tether Corp. refuses to be audited by an independent audit firm. The safest thing you can do with crypto is withdrawing all your crypto to your cold wallet where you own its private keys.

[zasad@]

Traders and alot rich traders investors are in 2 things.
Btc and usdt as USDT is safe place to hold funds but how the exchangers protect this ?
Imagine if something happens with usdt many people will lose so much that they never cant deal with crypto anymore so what is the exvhangers security plan to fully protect customers ?
As myself fully depend on usdt thats how much i trust usdt and usdc also.

People want to be in crypto if they can funds in stable coins to give them safety but if usdt not safe as there is rumours about usdt then all the crypto game will be over.
I can never sleep well if i know my money will be in volatile coins so USDT is now very important and gives confidence for investors and crypto lovers such us myself

Centralized stablecoins are just as insecure as centralized exchanges. I allow the use of these stablecoins for the duration of the trade, but for long-term storage it is better to use DAI or TerraUSD.
https://bitcointalk.org/index.php?topic=5247581.0

[slaman29]

Centralized stablecoins are just as insecure as centralized exchanges. I allow the use of these stablecoins for the duration of the trade, but for long-term storage it is better to use DAI or TerraUSD.
https://bitcointalk.org/index.php?topic=5247581.0

The only time I ever use stablecoins is on exchanges, to be honest. Usually when I need to sell a lot of stupid stuff and put them all in usdt or the exchange's version of it like BUSD on Binance, which then is easy to see the value of, before selling it all to withdraw as fiat.

I would never hold any stablecoin as that's to me just as bad as holding a centralized altcoin.