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[wxa7115]

I don't think that the Bitcoin community trusts Tether but rather sees Tether as an alternative to fiat, many traders use Tether to reduce more losses when the market is bearish they prefer to trade their altcoins to Tether because they feel the price is more stable than other altcoins, but it not a form of trust only find alternatives when the market moves out of control.

Tether and stable coins are a necessary evil, before stable coins were created if someone wanted to sell their coins for fiat they needed to receive a wire transfer to their bank accounts, and this was not only complicated but you ran the risk of your account being closed for dealing with cryptocurrencies.

This was also a slow process, so if you wanted to buy a coin you could need to wait days for this to happen, stable coins solved those issues, but at the same time they brought a whole lot of other issues which we are still figuring out how to deal with.

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[Hildentine]

In this case i said simple is that Tether usdt are not Full secure Stablecoin but alot of people still trust and use this Stablecoin so i think its a good Stablecoin but i am not say that its a fully secure so can't hold a huge fund in this but if anyone use so that is not bad Stablecoin we use Tether regular many years.

[Tigerheart3026]

definitely i have enough trust in tether (usdt) because of i am still more using this stable coins from another stable coins,
in trading you can't imagine without it, i say it's high use cases in most of the trading pair,
but i will not holding it in short/long term, i am using it to exchange usdt to my native currency.

[Ayers]

I don't think that the Bitcoin community trusts Tether but rather sees Tether as an alternative to fiat, many traders use Tether to reduce more losses when the market is bearish they prefer to trade their altcoins to Tether because they feel the price is more stable than other altcoins, but it not a form of trust only find alternatives when the market moves out of control.

Tether and stable coins are a necessary evil, before stable coins were created if someone wanted to sell their coins for fiat they needed to receive a wire transfer to their bank accounts, and this was not only complicated but you ran the risk of your account being closed for dealing with cryptocurrencies.

This was also a slow process, so if you wanted to buy a coin you could need to wait days for this to happen, stable coins solved those issues, but at the same time they brought a whole lot of other issues which we are still figuring out how to deal with.

It's true, stable coin is needed in the market, we all know stablecoin or altcoins in the market is centralized, and since it is centralized, they cannot be called safe. But their use is almost mandatory, we have no better solution to choose from.

I didn't vote because believe it or not I had no choice. I will still use USDT or stablecoins but will always be careful with everything, don't hold them for too long, and only use them when necessary. That's what I think we can do.

[jostorres]

I don't think that the Bitcoin community trusts Tether but rather sees Tether as an alternative to fiat, many traders use Tether to reduce more losses when the market is bearish they prefer to trade their altcoins to Tether because they feel the price is more stable than other altcoins, but it not a form of trust only find alternatives when the market moves out of control.

Tether and stable coins are a necessary evil, before stable coins were created if someone wanted to sell their coins for fiat they needed to receive a wire transfer to their bank accounts, and this was not only complicated but you ran the risk of your account being closed for dealing with cryptocurrencies.

This was also a slow process, so if you wanted to buy a coin you could need to wait days for this to happen, stable coins solved those issues, but at the same time they brought a whole lot of other issues which we are still figuring out how to deal with.

It's true, stable coin is needed in the market, we all know stablecoin or altcoins in the market is centralized, and since it is centralized, they cannot be called safe. But their use is almost mandatory, we have no better solution to choose from.

I didn't vote because believe it or not I had no choice. I will still use USDT or stablecoins but will always be careful with everything, don't hold them for too long, and only use them when necessary. That's what I think we can do.

I think a true bitcoiner only needs a BTC to live forever and like other users said, stable coins are no different to a fiat and we all know that BTC is created as opposed to that. What I mean by true bitcoiner is those who mainly use their BTC for payment purposes but I think there's also bitcoiners who treat their BTC as an investment asset on the side but they don't use a stable coin because they believe that BTC can always recover no matter how hard it falls.

Only those who use stable coins are likely the traders who want to preserve the profit that they get. They only mostly came here for the money/profit though they still need the volatility to be able to buy low and sell high.

[TimeTeller]

I don't think that the Bitcoin community trusts Tether but rather sees Tether as an alternative to fiat, many traders use Tether to reduce more losses when the market is bearish they prefer to trade their altcoins to Tether because they feel the price is more stable than other altcoins, but it not a form of trust only find alternatives when the market moves out of control.

Tether and stable coins are a necessary evil, before stable coins were created if someone wanted to sell their coins for fiat they needed to receive a wire transfer to their bank accounts, and this was not only complicated but you ran the risk of your account being closed for dealing with cryptocurrencies.

This was also a slow process, so if you wanted to buy a coin you could need to wait days for this to happen, stable coins solved those issues, but at the same time they brought a whole lot of other issues which we are still figuring out how to deal with.

It's true, stable coin is needed in the market, we all know stablecoin or altcoins in the market is centralized, and since it is centralized, they cannot be called safe. But their use is almost mandatory, we have no better solution to choose from.

I didn't vote because believe it or not I had no choice. I will still use USDT or stablecoins but will always be careful with everything, don't hold them for too long, and only use them when necessary. That's what I think we can do.

I think a true bitcoiner only needs a BTC to live forever and like other users said, stable coins are no different to a fiat and we all know that BTC is created as opposed to that. What I mean by true bitcoiner is those who mainly use their BTC for payment purposes but I think there's also bitcoiners who treat their BTC as an investment asset on the side but they don't use a stable coin because they believe that BTC can always recover no matter how hard it falls.

Only those who use stable coins are likely the traders who want to preserve the profit that they get. They only mostly came here for the money/profit though they still need the volatility to be able to buy low and sell high.

Most crypto users are still using USDT for their trading or for transfer purposes mostly.
But I believe, a lot are now converting their funds to BTC and other non-centralized coins for long-term holding.
Because with the failure after failure in this market, it is no surprise that the next big stable coin will collapse.
Who would have thought that FTX will collapse? So people are now securing their funds more than ever.
People should remember about the admission of USDT team before that they had no 100% backing of assets.
Now, ask yourself, what is the ultimate truth about their assets today?

[wxa7115]

I don't think that the Bitcoin community trusts Tether but rather sees Tether as an alternative to fiat, many traders use Tether to reduce more losses when the market is bearish they prefer to trade their altcoins to Tether because they feel the price is more stable than other altcoins, but it not a form of trust only find alternatives when the market moves out of control.

Tether and stable coins are a necessary evil, before stable coins were created if someone wanted to sell their coins for fiat they needed to receive a wire transfer to their bank accounts, and this was not only complicated but you ran the risk of your account being closed for dealing with cryptocurrencies.

This was also a slow process, so if you wanted to buy a coin you could need to wait days for this to happen, stable coins solved those issues, but at the same time they brought a whole lot of other issues which we are still figuring out how to deal with.

It's true, stable coin is needed in the market, we all know stablecoin or altcoins in the market is centralized, and since it is centralized, they cannot be called safe. But their use is almost mandatory, we have no better solution to choose from.

I didn't vote because believe it or not I had no choice. I will still use USDT or stablecoins but will always be careful with everything, don't hold them for too long, and only use them when necessary. That's what I think we can do.

I think a true bitcoiner only needs a BTC to live forever and like other users said, stable coins are no different to a fiat and we all know that BTC is created as opposed to that. What I mean by true bitcoiner is those who mainly use their BTC for payment purposes but I think there's also bitcoiners who treat their BTC as an investment asset on the side but they don't use a stable coin because they believe that BTC can always recover no matter how hard it falls.

Only those who use stable coins are likely the traders who want to preserve the profit that they get. They only mostly came here for the money/profit though they still need the volatility to be able to buy low and sell high.

There are some holders out there which only buy bitcoin for fiat but they never sell, however they are a minority, it is way more common for investors to believe in the long term potential of bitcoin but they still care about its fiat value.

And for those people a tool was needed which helped them to sell their bitcoin but which at the same time allowed them to get back and buy bitcoin in the case there was a new positive trend, and stable coins are the perfect tool for those people, after all they are not interested in holding fiat either they just want to increase their bitcoin holdings by timing their movements to the best of their ability.

[Fundamentals Of]

I chose a little amount of trust in Tether. The only thing that makes me trust Tether a little is its being a long time player in the market. It has a longer track record compared to other stable coins. It hasn't also went through a serious issue of losing the peg on USD's value. So that's it. Other than that, I have reservations about it. We have the serious issue of Tether's backup and its shady audits. We also have another serious issue of its centralization.

[Jawhead999]

Interesting community of bitcoiners on this forum. No one trusts Tether, but absolutely everyone uses it. This also means that if people use dollars (Tether), then they don't trust bitcoin (afraid that the price will fall and they will lose dollars, which they don't trust). Perhaps this paradox could be called hypocrisy. Why use something you don't trust?

Which user you mean they're not trust Tether but they're use Tether? I'm not the one of those people because I wouldn't use anything that I don't trust, it doesn't make sense at all.

I think those people are newbie who didn't learn anything and made depth research before invest in Bitcoin, they invest in Bitcoin just because they're rely on so called professional.

[Hildentine]

I think Tether is a trustable Stablecoin and huge amount of people trust into usdt and a alot of people store his fund in tether so according to my experience is that Tether is a trustable but I can't say that its a fully secure but according to situation and see the tether past so we say that its a good for use.

[mich]

 I have a significant amount of trust in Tether and other stable coins also but mostly Tether. I keep them on https://wallet.bitcoin.com/tether where I feel they are safe.
Now that Japan is lifting its ban on usdt and other foreign stablecoins I am more confident in my trust for the oldest stablecoin to ever be used. 

[tvplus006]

...stable coins are no different to a fiat and we all know that BTC is created as opposed to that. ..

No, stablecoins are very different from fiat, since they are issued by private companies and have nothing to do with the state. This CBDC is similar to fiat money, since it is a different form of money issued by the state, but at the same time it has similarities with stablecoins, since it works on the blockchain.

[Vickysagar]

I wonder why are you asking about that on the Altcoin thread. But I trust them enough to use it sometimes, but I wouldn't hold it for a long time.

[michellee]

Although I don't fully trust USDT, I still use it now because to store the value of my assets before I buy bitcoin or altcoin back at a low price, I will store them in other wallets. USDT is like a temporary stopover so I can save the profits from selling my assets to USDT or BTC.

So I guess I went for "I have a moderate amount of trust in Tether." I didn't make USDT a long-held asset pool after earning those profits.