Btc and usdt people trust

[darkangel11]

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.

They could scam the whole system because centralized coins with partial backing can be made out of thin air. You can't make more bitcoins without mining it, but you can make tether. You can literally press a few buttons and there's a million dollars worth of tether. It can be because somebody had deposited some money to get tether or not, we'll never know.
If you're selling your bitcoins for tether you are giving away the ownership of your private key for a promise and putting faith in a group of people. This is exactly what Bitcoin was supposed to protect you from.

[perfect999]

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.

BTC is already been there before USDT and other stable coins came out so what makes you think that when USDT collapse, all cryptos are no more?. You can't sleep if you hold btc but you can sleep when you hodl a USDT? but I thought are worried that what if USDT is a scam? BTC is only volatile but it was not a scam.

You can only lose a portion of your money but you can recover it soon when the price recover but if you lose your money in a scam coin, there is no way for you to recover it, anyway there are stable coins with less anomalies, they are BUSD and DAI most especially because it was decentralized. If I were you I will migrate now on them. Don't wait before the rumors on USDT came true.

[Etranger]

you shouldn't accumulate and store usdt, usdt is not really safe.

It seems to me that it is not so much a matter of security as of the fact that it does not have sufficient grounds and meaning. It's like putting money under a pillow and waiting for it to depreciate. The point of investing is to make your money work and make new money. USDT can not do this, it's just a certain equivalent, which is only needed to exit and enter the position.

[Lubcub62]

people use USDT not to invest. but only for temporary use to secure the value of the asset when the price is going down. people flocked to move their assets to stable coins such as USDT, USDC and so on. and usually it's just a moment. or not stored for a long time.

Regarding security, all sectors have their own risks. nothing is really safe in this world.




so I think about security nothing is really safe. So don't worry too much about overdoing it.
but there are times when I have the same thoughts as you.

[Rikafip]

I will make reputation of exvhanger down and also will hire soneone who will techically will fuck all the exchanger.

Are you even aware what it would cost you to attack something like exchange (that usually have good protection) via ddos or any other type of similar attack? Based on your comments, I seriously doubt.

But dont worry exchangers knows this they will be out of business if they start f around with customers

Some exchanges are screwing their customers for years yet they are still around. Take HitBTC, Yobit, P2PB2B, Coinsbit etc, all exchanges with horrible reputation and the long history of screwing up, yet somehow people still use them and their are in the business. Again, things are not as simple as portrayed them and that's why no one should keep their money on the exchange, even if its one of the biggest ones like Coinbase or Binance. They can take your money based on any bs reason they come up with and there is nothing you can do about it.

[Cryptmuster]

BTC is already been there before USDT and other stable coins came out so what makes you think that when USDT collapse, all cryptos are no more?. You can't sleep if you hold btc but you can sleep when you hodl a USDT? but I thought are worried that what if USDT is a scam? BTC is only volatile but it was not a scam.

You can only lose a portion of your money but you can recover it soon when the price recover but if you lose your money in a scam coin, there is no way for you to recover it, anyway there are stable coins with less anomalies, they are BUSD and DAI most especially because it was decentralized. If I were you I will migrate now on them. Don't wait before the rumors on USDT came true.

There are not only bad rumors about USDT, there are many examples of large sums of money being blocked on addresses for various reasons. In this regard, comparing Bitcoin and USDT is simply not correct. because bitcoin is something eternal, no one can block it, and it has been constantly growing in price throughout its history.

[fzkto]

Traders don't trust stablecoins, they just use stablecoins only temporarily because of the lack of other convenient ways to buy crypto-dollars. People should trust bitcoin more, because of everything on the market, bitcoin is the safest place to store money. Especially now, when, as you said, rumors about insecurity of dollar have started to circulate. It should be noted that if something happens to the dollar, it would be bad for all markets. And then the value of bitcoin would be even greater.

[19Nov16]

The presence of stable coins makes anyone more calm, when feeling profit, then immediately move to a stable coin, or vice versa when the market is very fluctuating and in the negative direction then immediately divert it to a stable coin into the best solution, this makes the use of stable coins the biggest and Daily transaction volume can reach 2x from Bitcoin.

[kaseygriffin]

It is clear that we live in a society where the economy includes many things, and fiat plays a role in almost every activity of life. Investing in crypto, for most of us, is an option to find opportunities to earn money to improve our quality of life. We may hold similar or opposing views on money, but in my opinion, trust in BTC and USDT is unavoidable, as evidenced by their continued existence.

[Anonylz]

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

Why leave your money under the care of an exchange if you are not trading with it? If you just want to hold you money in stablecoins and not trade there is no need to keep them in exchange, hold them in private wallet, whether it is btc or usdt.
If you are a trader on the other hand, you just have to trust that the security of the exchange is strong enough to protect customers funds, a reason why you should only trade in reputable exchange that have better insurance policy to protect users should such situation occurred.

[panukurap]

Trust is the most important thing you have to invest when you join cryptocurrencies, because crypto stores many things that are not transparent or open. Coupled with the fluctuating value and some coins that tend to get stuck and disappear, of course, many people are wary if someday the coins they hold will disappear too. This it is no longer a new problem for crypto users, many of them have been asking questions for a long time but there is no definite answer, therefore all we can instill is trust in each other in crypto. Either you choose to stay and continue what you have been doing so far in crypto or just leave it.

[coolcoinz]

The presence of stable coins makes anyone more calm, when feeling profit, then immediately move to a stable coin, or vice versa when the market is very fluctuating and in the negative direction then immediately divert it to a stable coin into the best solution, this makes the use of stable coins the biggest and Daily transaction volume can reach 2x from Bitcoin.

I see no point in doing it, unless you live in a country where every single trade on exchange has to be reported and taxed. First of all I don't hold coins on exchanges so I never exit to a stable coin or fiat juzt to "feel safe". I feel pretty safe holding bitcoin. That said, if I had to exit, I'd always choose fiat money not a stable coin that relies on a third party (coin's creator and issuer) and can be delisted from an exchange or lose value. A fiat currency is always better than a half measure like USDt

[Myleschetty]

Traders and alot rich traders investors are in 2 things.

Most cryptocurrency traders and investor diversify their investment so it is impossible to base on just these 2 crypto.

Btc and usdt as USDT is safe place to hold funds

BTC is safe haven while USDT on the other hand is not cause it is backed by fiat currency.

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 ?

USDT is once into shady business with a crypto exchange site which i forget the site name. It is important to only hold for the long term the crypto you trust the team involved.

As myself fully depend on usdt thats how much i trust usdt and usdc also.

It is not good to depend on a centralized or censorship crypto.

[Marvell1]

The presence of stable coins makes anyone more calm, when feeling profit, then immediately move to a stable coin, or vice versa when the market is very fluctuating and in the negative direction then immediately divert it to a stable coin into the best solution, this makes the use of stable coins the biggest and Daily transaction volume can reach 2x from Bitcoin.

I see no point in doing it, unless you live in a country where every single trade on exchange has to be reported and taxed. First of all I don't hold coins on exchanges so I never exit to a stable coin or fiat juzt to "feel safe". I feel pretty safe holding bitcoin. That said, if I had to exit, I'd always choose fiat money not a stable coin that relies on a third party (coin's creator and issuer) and can be delisted from an exchange or lose value. A fiat currency is always better than a half measure like USDt

I agree that holding USDT is very risky as it is centralized it can disappear or worse your account gets frozen. But it also has benefits, when the market is volatile stablecoins will be a safe place for your assets avoiding market fluctuations.
Currently Iam using binance centralized exchange and so far I have not had any problem with CEX and stablecoins, centralized exchanges and USDT are almost an integral part of the market, so don't get too strict on them.

[sarmrakib]

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

USDT is just a stable coin .We use it for taking profit and when we trade on its pair that's it .Our fund qill not double and multiply if we just hold it as a stable coin .There is nothing has surety on this world even we can loose our fund from bank though we trust it .Exchange always try and give their best security to keep safe your fund and if any incident happen they also make plan for it .So that there is nothing about to worry if you use a top and trusted exchange to hold your fund and trade .If you have any doubt about USDT yo may use BUSD and also there are many stable coin available on crypto market .We all know that crypto market is high volatile if you are a good trader you may earn a good amount from here So i want to suggest you try and learn how to trader it will be better from just holding coin on USDT.

[pragna]

Actually USDT is more trusted to all because its price is stable but on the other hand BTC price goes ups and down. So If anybody wants to risk free he can convert into usdt. But if you wants to take profit you have to take risk in investment so that you can make investment into BTC. At the end of day you may gainer or loser but if you only convert into only usdt, at the end of year your total assets will be same. So choice is yours.

[Anguwa]

I consider USDT to be a steady coin, not one in which I have total trust; as a trader, the only coin in which I have total trust is BTC, which I am confident will never lose value fully. I hold USDT for a certain period of time, depending on market conditions, in order to plan for the next currency I'll trade.

[Kimonoe]

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

this will be very useful for a short term trader, where the linkage of btc and usdt is always needed. after making a profit it will be converted to usdt and wait for the next buying area, after it is a good time to buy then it is converted back to btc, and so on, it was previously heard that usdt was in trouble, but until now it is still the highest stable coin . even if not usdt there is still another stable coin that works the same, namely busd

[Ararbermas]

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

"not your key not you coin" these means once USDT will collapsed for sure there will be a massive losses from all traders who relies in stable coins to protect their money from the volatility of the market.

Actually that negative news seems nothing for me IMO because it's been how many months now and there's no changes in TETHER and the growth rate has increased instead despite of that rumors. However if you really scared, i think much you should find new stable coin since it's not the only one in the market.

[Mamun74]

People use bitcoin for investment. Bitcoin is decentralization and decentralization will never be stable. USDT is a stable coin.People hold USDT in certain time. People still using bitcoin investment and holding for long time.I Think most people trust to investment in bitcoin. Both are coin but i think People still believe in bitcoin and bitcoin is a long term survive coin.