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Author Topic: reasons why someone wants to pay in tether and not bitcoin?  (Read 598 times)
molsewid
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March 12, 2023, 05:44:42 PM
 #81

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?
In the most simplest reason is maybe he still knows that bitcoin price might pump anytime, and converting it to usdt is not a good idea or by using it. As time passes by if you will buy usingn10$ worth of Bitcoin you need gas and also that 10$ can now be more than the value now so it is very important to decide clearly because there's a lot to consider such as gas fees, time etc in bitcoin so it more convenient for now not to use bitcoin.
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March 12, 2023, 10:09:13 PM
 #82

Whoever is playing the USDC and the rest of the stablecoins probably wants people to lose faith in stablecoins, and start buying bitcoin? Before stablecoins appeared in 2014, people stored their money in bitcoins. Perhaps it's time to remember the old days.
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March 13, 2023, 02:37:06 AM
 #83

the only and main reason is because USDT has a stable value and is inversely proportional to bitcoin which has a fluctuating value. or payments everyone prefers USDT because of its stable value, but for investment purposes everyone prefers bitcoin because the price of bitcoin can grow rapidly. so it depends on the intended use  Wink

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March 13, 2023, 07:25:00 AM
 #84

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?

If I base it on what's happening in the market right now about stabecoins crashing, only Tether didn't go down to 1$ but most of them went down by 1$ even usdc went down to the amount of 1$.

Maybe they trust Tether more now compared to Bitcoin because we know that the volatility range of Btc is high in this field industry and that cannot be denied. Then the tether is still 1 is to 1 its ratio.


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March 13, 2023, 08:11:59 AM
 #85

The advantage is that Tether is more stable than Bitcoin because not everyone likes the volatily of Bitcoin prices and also the choice of Tether may depend on the person's target on the transaction he is doing, but the main reason is stability and that is not found in Bitcoin and altcoins besides from stablecoins, and with what is happening right now with USDC it can change people's view that stablecoins can also lose their value from USD.

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March 13, 2023, 03:22:31 PM
 #86

In my humble opinion, this is convenient for both parties. That is, the approximate price is immediately clear. This is why everyone uses stablecoins

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March 14, 2023, 09:57:41 AM
 #87

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?

If I base it on what's happening in the market right now about stabecoins crashing, only Tether didn't go down to 1$ but most of them went down by 1$ even usdc went down to the amount of 1$.

Maybe they trust Tether more now compared to Bitcoin because we know that the volatility range of Btc is high in this field industry and that cannot be denied. Then the tether is still 1 is to 1 its ratio.

Tether value will continue to be friendly for experienced traders and investors, they will use as token for investment a pair that will give them some good edge in terms of shorting the market.

Bitcoin, still unpredictable using it for payment, can either favor you or will leave some regrets,
depends on how you understand what you are doing.
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March 14, 2023, 11:59:43 AM
 #88

my understanding is that using bitcoin, you will not have to worry about your crypto being frozen.
Whether Bitcoin or any other cryptos, they can be frozen on a Cex if anything goes wrong. So, it doesn't really matter. I think why people don't like transfering Bitcoin but instead choose Tether won't be far from the high transfer commission on Bitcoin, especially if one is moving it out from another exchange. I use Binance but I can say for over two years now I haven't withdrawn Bitcoin from it. If I have to do a withdrawal I convert it to a stablecoin and then withdraw for my use. Bitcoin withdrawal fee is very high compared to stablecoins.

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March 14, 2023, 12:43:45 PM
 #89

I'm not sure if the reason is from us but probably because it was the only option that the receiver had offered. Because people will use their Bitcoin if it was accepted and in the case that it was not, it leaves us no option but to convert their BTC to USDT. Because even the price of Bitcoin will dump (or pump) it was not the loss of the payor but a loss of the person who receives the money. And to keep safe in their position, a payee will likely give no other option but just a stablecoin (USDT). If I have that position, I'll do the same, especially during the bear season.

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March 14, 2023, 02:36:20 PM
 #90

[.....] Before stablecoins appeared in 2014, people stored their money in bitcoins. Perhaps it's time to remember the old days.
I didn't know there's already a stable coin in that period. Maybe it is time to use bitcoin in gambling again over stable coin like tether but let's not bring back the time when BTC was basically valued so low. People have been tossing it around or giving it away like it was nothing during the early days so it's only natural that they also wouldn't care to use it for gambling.

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March 14, 2023, 09:11:24 PM
 #91

The buyer is wise, and that is why he/she prefers to transact using stable coin and not bitcoin as bitcoin is more valuable than every other crypto asset combined. I definitely will save my bitcoin too.

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March 15, 2023, 11:15:04 AM
 #92

In such circumstances I tend to buy in usdt but sell in Bitcoin. You can see why this happens. Tether is very stable kind of cryptocurrency equal to usd so I can be sure how much money I will pay and it will not quickly change. But I see Bitcoin as better opportunity so I would like get Bitcoin instead of Tether.
Many people in crypto businesses prefer USDT as better version of real Dollar. Less fees, truly international, easy to trade with other altcoins so on. Tether's existence is about its usefulness. Its never gonna be treated as cryptocurrency but alternative united states dollar.
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March 15, 2023, 02:50:51 PM
 #93

Tether are stable coins but depend with kinds network did you choose, did you got latest update with stable tether coins from USDC was dropping until $0,9? there are have been familiar with many people interested use tether stable coins for payment than Bitcoin due consistency and stable values. But keep priority with popularity tether coins and always have stable price if won't bad thing happen like stable coins from USTC and USDC.

Tether could be long term payment currencies and all countries adopt this payment kinds although using fiat dollar, but looking on price both stable tether fiat or cryptocurrency have the same function and not any difference yet.

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March 15, 2023, 02:58:09 PM
 #94

If for someone bitcoin is an investment, then it is understandable why he does not want to pay with bitcoin at the moment. If I have some savings that I can convert into a tether, then they will be the equivalent of a dollar for me, and I will not mind paying them off.
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March 15, 2023, 03:06:47 PM
 #95

Different people are comfortable making USDT payments for different purpose. No one makes any payment with Bitcoin because they don't want to spend their Bitcoin. Others find it more cost-effective to pay in Bitcoin as Bitcoin transaction fees are higher than USDT (bsc & trx) chains. And on the other hand Bitcoin takes a little longer to complete a block than USDT so I think people use USDT more than Bitcoin to make faster payments.


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March 19, 2023, 04:39:04 AM
 #96

the reason why people prefer to be paid with tether rather than bitcoin is because bitcoin is very volatile, while tether is a stablecoin, bitcoin is indeed profitable if the price goes up, but what if the price of bitcoin at that time is go down, then of course no one wants to be paid with bitcoin, so bitcoin it is an uncertain thing

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March 19, 2023, 05:59:20 AM
 #97

It's likely that the person only has Tether for payments, as @Pmalek explained, it's an option and you don't have to worry about tether if you have it in a personal wallet.

Payments using bitcoin are usually made by service providers and transaction fees also affect this choice, choose a payment method with the coins you have, it will be easier.

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March 19, 2023, 12:25:57 PM
 #98

Your advantage if you transact using tether is that the value of the goods you sell or buy will not change, if you transact using BTC you will have difficulty determining the price because the value of BTC changes frequently. Stable coin was created to make transactions easier and BTC is used for investment. I think you need to understand the function of these two coins.

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March 19, 2023, 12:26:03 PM
 #99

The buyer is wise, and that is why he/she prefers to transact using stable coin and not bitcoin as bitcoin is more valuable than every other crypto asset combined. I definitely will save my bitcoin too.

It might also be that it is due to price fluctuation, some people fear when they see their money becomes less and when they see that it will become a problem in the future, they will prefer to have their payment in USDT instead. The bitcoin also have low demand if you try to sell them on exchanges, I have experience this problem in P2P when I wanted to sell Bitcoin, the rate were low and I have to convert from Bitcoin to USDT and as soon as I did the conversion, the rate which I sold were very Okay and reasonable when you compare it to the rate of bitcoin.

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March 19, 2023, 01:21:39 PM
 #100

the reason why people prefer to be paid with tether rather than bitcoin is because bitcoin is very volatile, while tether is a stablecoin, bitcoin is indeed profitable if the price goes up, but what if the price of bitcoin at that time is go down, then of course no one wants to be paid with bitcoin, so bitcoin it is an uncertain thing

In a way, you're right and people who prefer stablecoins are understandable. Bitcoin payments are very profitable during the bull run and, conversely, extremely unprofitable during the dumps. Sometimes you have to wait for a very long time to get back to the previous bitcoin price, but all people do not have that much time, so they have to fix bitcoin at the actual price, calculating the loss. The same participants in various campaigns, I think, have often faced this problem.

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