Quote from: armarsterling7 on March 09, 2018, 04:18:38 PM

Quote from: AF80 on March 03, 2018, 09:43:56 PM

Hello everyone,

So I just recently got into trading and really loving it. I have to admit I haven't been doing so bad. My main goal is to accumalate as much ETH as I can since Alt coins seem to perform better against it as opposed to Bitcoin.

My main question though is regarding USDT. I've done quite a bit of reading on it and I like that it is a stable coin, but I am very nervous as it seems that the team behind it is quite shady in that they refuse to be audited. I've stayed away from it even though I do see it as very useful to hold any profits incase Ethereum goes down, but I always have this fear that I'll wake up one day to a scandal behind Tether and they would be useless and no one would want them.

What are your thoughts on this coin? and if you have the same anxiety how do you get around it locking in profits?

USDT is a good altcoin and it's like a bank. It helps me hold my money without fear of losing. I do not need to through the bank to recharge the wallet, I just converted from USDT to another altcoin. Transaction time will be very useful and that is very convenient.
I have 40000 USDT coins and I always believe in it. There will not be much profit, but it will help me make the transaction faster and lower cost.

Yes it is on the fixed value of dollar so if there is no any dollar trade in any exchange like on bittrex then you can rely on that coin and do not worry for that coin on exchanges like bittrex as in the previous weeks I heard that bittrex has announced that if they will see any issue with USDT then they will add the dollar market to their exchange so that people can park their money in dollar if they will feel that they have to take a little break. So it is believed that before any issue to that altcoin there will be a good solution on the exchanges to secure your money and your trade.