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Investing in USDT = Yes or No?

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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.

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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.

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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 .

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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

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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. 

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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. 

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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

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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. 

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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.

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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.

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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. 

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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. 

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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. 

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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.

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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.

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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. 

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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.

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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.

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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. 

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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!

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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.

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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. 

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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.

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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.

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When will the Bank of Japan (BoJ) finally decide on a radical change in its monetary policy?   At the meeting on April 26, the members of the Japanese Central Bank unanimously decided to keep the key interest rate at the previous level of 0.0-0.1%. Moreover, the regulator removed from the statement the reference that it is currently buying JGB bonds for about 6 trillion yen per month. The statement after the meeting states that "the prospects for the development of the economy and prices in Japan are extremely uncertain," "if inflation rises, the Bank of Japan will likely change the degree of easing of monetary policy," however, "it is expected that the eased monetary policy will be maintained for some time."   The market predictably reacted to such decisions of the Japanese Central Bank with another Japanese candle on the chart of the USD/JPY pair. The maximum was recorded at 158.35, which corresponds to the peak values of 1990. There were no currency interventions to save the national currency, which many market participants feared. Recall that strategists from the Dutch Rabobank called the level of 155.00 critical for the start of such interventions by the Ministry of Finance of Japan. The same mark was called by 16 out of 21 economists surveyed by Reuters. The rest predicted such actions at levels of 156.00 (2 respondents), 157.00 (1), and 158.00 (2). USD/JPY has long exceeded the levels at which the intervention took place in October 2022 and where the market turned around about a year later. It now seems that 158.00 is not the limit. Perhaps it is worth raising the forecast bar to 160.00? Or immediately to 200.00?   USD/JPY ended the past week at 158.32. The forecast of analysts regarding the near future of the pair looks as follows: fear of currency interventions still prevails over 60% of them, while the remaining 40% are waiting for the continuation of the flight to Mars. Technical analysis tools clearly have no concerns about interventions. Therefore, all 100% of trend indicators and oscillators on D1 point north, although a third of the latter are in the overbought zone. The nearest support level is located in the area of 156.25, then 153.90-154.30, 153.10, 151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. And it is practically impossible to determine resistance levels. We only note the reversal maximum of April 1990, 160.30, although this target is quite conditional.   No significant events regarding the state of the Japanese economy are expected in the coming week. Moreover, traders should keep in mind that Monday and Friday in Japan are holidays: April 29, the country celebrates the birthday of Hirohito (Emperor Showa), May 3 – Constitution Day.   CRYPTOCURRENCIES: Where Will Bitcoin Fall?   As expected, the fourth halving took place in the bitcoin network at block #840000 on April 20. The reward for finding a block was reduced from 6.25 BTC to 3.125 BTC. Recall that halving is a halving of the reward size for miners for adding a new block to the bitcoin blockchain. This event is embedded in the code of the first cryptocurrency and occurs every 210,000 blocks – until the moment when the mining of 21 million coins (presumably in 2040) ends the emission of cryptocurrency. It should be noted that the fourth halving will provide for the mining of approximately 95% of the entire bitcoin emission, about 99% of all coins will be mined by 2033-2036. Then, the emission will gradually move towards zero.   In the previous review, we promised to tell how the market would react to this important event. We promised – we report: the market reaction is close to zero. For several days after the halving, there was no growth in volatility. The price of bitcoin slowly and lazily moved first upward, reaching $67,269 on April 23, and then returned to where it began its weekly journey: to the $64,000 zone. It seems that market participants froze in anticipation of who would be the first to start buying or, conversely, selling the main cryptocurrency massively.   According to experts from Bitfinex, the post-halving supply restriction stabilizes the price of the first cryptocurrency and may contribute to its growth. "The reduction in the pace of bitcoin issuance after halving, which will amount to $30-40 million per day, contrasts sharply with the daily net inflow of $150 million into spot ETFs. This emphasizes a significant demand and supply imbalance, which may contribute to further price growth," stated the Bitfinex report.   However, analysts from QCP Capital believe that bitcoin optimists will have to wait at least two months before assessing the effect of the past fourth halving. "The spot price grew exponentially only 50-100 days after each of the three previous halvings. If this pattern repeats this time, bitcoin bulls still have weeks to create a larger long position," their report stated.   Anthony Pompliano, the founder of the venture company Pomp Investments, believes that within 12-18 months, the coin is expected to grow to $100,000, with chances of reaching $150,000-200,000. However, before moving to a bull rally, BTC/USD, in his opinion, is waiting for a correction down. At the same time, Pompliano believes that the price will not fall below $50,000. "I think we have already crossed this Rubicon," – he wrote.   The possible upcoming decline of the main cryptocurrency is probably a topic currently much more discussed than its subsequent growth. Many agree that bitcoin coins will appreciate in the long term. But how will quotes behave in the more foreseeable future? Fidelity Digital Assets, the leading issuer of one of the spot BTC ETFs, has already revised its medium-term forecast for bitcoin from positive to neutral. The reason for abandoning optimistic sentiments is several worrying trends in the crypto market. Fidelity analysts noted the growing interest in selling from long-term hodlers. Among them, there is currently a large percentage of profitable addresses, as noted in the company's report. This means that holders may want to lock in profits and start selling BTC. On the other hand, on-chain data indicates that small investors, on the contrary, continue to accumulate the first cryptocurrency. Since the beginning of the year, the number of addresses on which BTC is stored for at least $1,000 has increased by 20% and reached a new historical maximum. "Such a trend may indicate the growing dissemination of bitcoin and its acceptance among 'average' users," – Fidelity noted.   Specialists from CryptoQuant examined the SOPR indicator readings for these categories of investors and made conclusions similar to those of their colleagues from Fidelity. Investments in Bitcoin by "new" whales (owners of coins "aged" less than 155 days) almost doubled the indicator of "old" large players (more than 155 days). At the same time, the increased value of the metric showed that the profits of the "old" hodlers significantly exceed the indicators of the "newcomers". And if the "old-timers" move to fix profits, this may lead to the formation of price peaks. An analysis of the current picture, according to CEO of CryptoQuant Ki Young Ju, also speaks of the need to exercise caution in anticipation of possible corrections and increased volatility.   Recall that earlier, specialists from JPMorgan noted that digital gold is in a state of overbought. And co-founder of CMCC Crest Willy Woo noted that if the price of the first cryptocurrency falls below the support level of short-term holders at $58,900, the market risks moving into a bearish phase.   As of the evening of Friday, April 26, the BTC/USD pair is trading in the region of $63,950. The total capitalization of the crypto market is $2.36 trillion ($2.32 trillion a week ago). The Bitcoin Fear & Greed Index remained in the Greed zone, although it rose from 66 to 70 points.   Finally, in conclusion of the review, our long-forgotten crypto-life-hacks column. It turns out that in order to become a crypto millionaire, it is enough to have a marker and a piece of paper. The possibility of such a way of enrichment was proven by Christian Langlois, also known as Bitcoin Sign Guy. This guy made headlines in many news outlets after showing a notebook sheet with the inscription "Buy Bitcoin" behind the back of the Chair of the Federal Reserve System Janet Yellen. At that moment, the head of the Fed was giving testimony about the state of the US economy. This image instantly spread across the network and became one of the symbols of the emerging crypto industry.   For his misdemeanour, the 22-year-old intern Langlois was disgracefully expelled from the hearings. But after this episode was shown on television, enthusiasts sent 7 BTC to his crypto wallet to thank the guy for his bold move. Four years ago, Christian sold 21 copies of the "cult" sheet at an average price of 0.8 BTC, earning another 16.8 BTC. Thus, his total earnings reached 23.8 BTC, which is more than $1.5 million at the current exchange rate. And a few weeks ago, Langlois was offered another 5 bitcoins for the original, but he refused to sell the sheet. Nevertheless, Christian liked the idea of further monetizing the self-created object of "artistic and historical heritage", and he decided to sell it at an auction, directing the proceeds to finance his startup Tirrel Corp. On April 25, 2024, the auction house Scarce.City reported that the lot, which became a popular meme, was sold for 16 BTC (more than $1 million). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • С радостью сообщаем, что мы добавлены на мониторинг OKchanger Контакты: Наш сайт - https://bitkovskiy.io/ Почта - bitkovskiy.change@gmail.com Telegram - https://t.me/Bitkovskiy_exchange
    • там автоматом, вроде, должно. при соблюдении нужных пунктов. что-то типа этого:     а еще у них есть пулы:     а ля американские горки вверх-вниз?
    • В России планируют запретить оборот криптовалют — депутаты назвали точную дату   Исключение авторы проекта предлагают сделать для майнеров, участников майнинг-пулов и «проектов Банка России в рамках экспериментального правового режима». Участниками обращения криптовалют считаются российские или иностранные юрлица и их представительства, а также физические лица, находящиеся на территории страны не менее 183 суток в течение 12 следующих подряд месяцев (то есть полноценные российские налоговые резиденты). Законопроект предлагает запретить на территории страны любую рекламу самих криптовалют и рекламу организации обращения виртуальных монет. Сейчас в действующем законодательстве есть запрет на расчеты между физическими и/или юридическими лицами в криптовалютах, но нет запрета на «организацию обращения» в любом виде. Это обновленная редакция законопроекта № 237585-8, который появился в ноябре 2022 года и должен был отрегулировать майнинг. Тогда документ не прошел даже перовое чтение. В феврале 2024 года авторы законопроекта снова попытались дать ему ход, но 19 апреля комитет по финансовому рынку постановил отправить текст на доработку. В пятницу, 26 апреля, вечером новая версия появилась на столе у председателя Госдумы Вячеслава Володина. Авторами и прошлой, и новой версии законопроекта значится группа из 16 депутатов, в том числе достаточно статусных: председатель комитета по финансовому рынку Анатолий Аксаков, зампредседателя комитета Аркадий Свистунов, зампредседателя комитета по информационной политике Антон Горелкин, первый зампредседателя комитета по безопасности Андрей Луговой, бывший министр сельского хозяйства Алексей Гордеев и так далее. В начале апреля главный фронтмен законопроекта, Анатолий Аксаков, жаловался, что принять закон мешает «одно-единственное ведомство». И обещал, что проект точно станет законом в августе.
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