Investing in USDT = Yes or No?

[Bitcasino.io 462]

Hi guys!

 

Tehter is known as a stablecoin, so it has a fixed value which allows it to avoid the volatility of other cryptocurrencies.

Various crypto platforms have predicted that USDT will maintain its value from 2020-2025. The mass adoption of digital currencies contributes to the growth of Tether as it continues to retain its 1:1 ratio with USD. But there has been quite a lot of fuss around it as well.. About its company and how they operate.

In your opinion, is USDT a safe coin to invest in?

 

Cheers,

Karl

[BTC Future 3946]

Since Tether does not allow an audit then it is obviously shady and shouldn't be trusted. Claiming to back 9 Billion with USD and other collateral does not work. Show us the money and the collateral otherwise gtfo. It's simple as that. Show us the cash flows and the data. The balances and the loans. I wouldn't trust Tether at all and do not trade USDT pairs. It will be MtGox all over again, remember this.

[rekter 8129]

IMHO it hasn't ever been "safe", but it has enough liquidity so people will continue to use it. Personally i am astonished how stable coins haven't been banned yet. Maybe they don't have enough volume and marketcap to be considered as a problem, but i am pretty sure that these have just been flying under the radar and regulators have hard time catching up on what's happening, and what's threat to them and what's not.

Edited May 28, 2020 by rekter

[gourav789 2834]

i think yes , usdt is widely used coin in all exchange specially in binance . Usdt is stable coin from longtime it's value always carry approx USD .

I Also used Usdt for storing my fund in binance , you can't generate a loss or profit by it .

[Upright 2688]

I don't really get into the use of usdt as to invest in them, as sometimes I use this stablecoins of the usdt as to store my funds on the respective values, as on possiblity of a dump, having to use this stablecoins can be saver. As investing and holding on this stablecoins for a price increase is not that possible

[Saj555 2250]

Investing is USDT is quite a good idea i guess. Because th total amount of this currency is quite relevant to the market and price seems to be increasing. A lot of users invest in usdt because they are afraid of investing in the bitcoins. And tether doesn't support audit that's why it cannot be trusted now i assume. So investing in usdt is quite impressive. 

[Whited35 15285]

18 hours ago, Bitcasino.io said:

In your opinion, is USDT a safe coin to invest in?

I am preferring an investment in USDT just to cut the losses while performing trading activities which means I am not preferring this cryptocoin for long-term investment plans to expect profits. If there was not stablecoin like USDT in the crypto world, I can not even imagine the excessive losses. 

[Raqeebzy 6456]

Tether is a good stable coin to invest in especially long term, it has a pretty excellent market cap and you don't have to worry about market volatility. I believe because of its constant 1:1 ratio to dollars, it might be a good trading option in the nearest future

[Altcoinfan 448]

Well, stable coins look really cool now since you can't lose any dollars while investing in cryptocurrencies. Stablecoins are good if you want to cash out soon. But I think every crypto investor should know that USD is being printed like toilet paper its value is destroyed with time. So one of the purposes I have when investing in crypto is to run away from USD, to find its best alternative which stores my value so I feel like I would better hold any rising start cryptocurrency than to cash out in any stable coin. 

[George10 9932]

In my opinion i think USDT is only good to be used as an asset for store of value not for investments because it's price is stable and it will generate no profits as compared to some other crypto currencies out there.

[CryptoMaxim 3829]

I believe that there is no point in investing in usdt. Tehter is a stable coin and in my opinion this currency makes it easier to trade on those exchanges where there is no Fiat. For me, Tehter is an exchange tool for trading and transfers between exchanges.

[Yomose 3704]

On 5/28/2020 at 10:28 AM, BTC Future said:

Since Tether does not allow an audit then it is obviously shady and shouldn't be trusted. Claiming to back 9 Billion with USD and other collateral does not work. Show us the money and the collateral otherwise gtfo. It's simple as that. Show us the cash flows and the data. The balances and the loans. I wouldn't trust Tether at all and do not trade USDT pairs. It will be MtGox all over again, remember this.

I do not know what you are talking about, do mot be offended. Rather is a very good coin, it is a safe haven and it is safe to invest on. It has even helped me in trading, the last time bitcoin fall below $3800, it was my tether I used to invest to see a maximum gain, the tether has now doubled. 

[BitcryptoHan 2557]

2 hours ago, Yomose said:

I do not know what you are talking about, do mot be offended. Rather is a very good coin, it is a safe haven and it is safe to invest on. It has even helped me in trading, the last time bitcoin fall below $3800, it was my tether I used to invest to see a maximum gain, the tether has now doubled. 

This is a very good advice, I will try this method, there are times I invest and price drop, and eventually increase, during the price drop, the saved tether can be used to trade. And the results will be profit. 

[Yomose 3704]

14 hours ago, BitcryptoHan said:

This is a very good advice, I will try this method, there are times I invest and price drop, and eventually increase, during the price drop, the saved tether can be used to trade. And the results will be profit. 

If tether is in store for cases of bull run, you will just think of not using the tether at all to trade, there are some times bitcoin and other cryptocurrencies will fall in price, you will be forced to use it to trade and the results will be gain. 

[ProjectJourneyman 170]

I wouldn't call it "investing", as it's really just parking your money... or allowing you to move it somewhere to invest it.  I can invest my stablecoins for 12% interest (which I can't do with fiat).  I can't do that by just buying and holding though.

Also, USDT has a rocky reputation, but USDC seems a little better audited.

[Dmasked 1840]

I generally do not trade on USDT pairs. Frankly, USDT seems quite shady as it does not allow audit and even when it stated to make reserve account holdings transparent, no such audits have been disclosed yet. USDT itself has stated for a fact that not 100% of Tether is backed by dollars and without the transparent records i am not much eager to trust in it. But still USDT plays an important role to stabilize exchanges and with its market cap, it will still be used by traders.

[Yomose 3704]

3 hours ago, Dmasked said:

I generally do not trade on USDT pairs. Frankly, USDT seems quite shady as it does not allow audit and even when it stated to make reserve account holdings transparent, no such audits have been disclosed yet. USDT itself has stated for a fact that not 100% of Tether is backed by dollars and without the transparent records i am not much eager to trust in it. But still USDT plays an important role to stabilize exchanges and with its market cap, it will still be used by traders.

I do not think you have a point at all, tether now with a marketcap of over $9 billion is enough to be trust wallet, its blockchain has never been compromised before. So, what are you saying again that you want. 

[Jessica Karren 1242]

If you use this coin just to save or store your assets then it's very good and safe coin but it's not good coin for investment purpose since it's price is stable at least till 2025 as you said. So it's better to invest in those coins whose price fluctuates much like BTC or ETH so that you can make some good profit.

[lharost 1526]

I'm not going to go ahead a tell you Tether is going to stay in the market forever or even a very long time because that's hard to predict but one thing I can tell you is that tether always had a shady looking background even 3-4 years ago there were so many rumors around it but as we all see tether is still standing and works like any stable coin, but that being said if I'm going to be honest I would not put my money into tether for more than 1-3 months at most or when I'm not going to trade for a long time, those rumors can be false but it's better to stay safe and use stable coins with better and more clear background like PAX or TUSD.

[duckbuttsoup 9]

I like to trade and transfer value between exchanges with USDT.  I don't like to hodl it for long. I'd prefer to hold a other stable token you can earn interest on. 

[TimopheyKa 3900]

USDT is an analog of USD, only in the form of a digital currency. Yes, that's right! This is a very stable coin, but it seems to me that it is not the most successful for investment, because the profit will probably not be much. And I have this idea in my head, because you can just keep USD on your card, and you will be given a delicious percentage every month, as long as the card has cashback!

[Calvinpriva 17296]

Investing in USDT its a good choice for me, i have invested in USDT several times and i earned a good profit. Any coin which is good to invest, it requires your trading skills and attention to generate a good profit. Otherwise you will see that coin is bad too.

Edited June 25, 2020 by Calvinpriva
Spelling errors

[Yomose 3704]

On 5/28/2020 at 11:33 AM, rekter said:

IMHO it hasn't ever been "safe", but it has enough liquidity so people will continue to use it. Personally i am astonished how stable coins haven't been banned yet. Maybe they don't have enough volume and marketcap to be considered as a problem, but i am pretty sure that these have just been flying under the radar and regulators have hard time catching up on what's happening, and what's threat to them and what's not.

They are not banned because they have low market capital, it was even called about in the last meeting of G20, that was their reason for not still banning stable coins, they do not yet pose a threat to the community. 

[Yomose 3704]

2 minutes ago, BTC Future said:

Why you downvoted my comment? Does it contain information that is not valid?

@BTC Future we are bringing out same reasons why stable coin is not banned. And I was only supporting your comment as you were correct.

[BTC Future 3946]

1 minute ago, Yomose said:

@BTC Future we are bringing out same reasons why stable coin is not banned. And I was only supporting your comment as you were correct.

I guess it was already downvoted by someone else. Sorry about that @Yomose. There was someone downvoting my comments a week ago for some reason. My bad. I will delete the post.