Quote from: benalexis12 on August 08, 2023, 02:12:19 PM

Quote from: Princess_Devi on August 05, 2023, 05:06:15 PM

We know that USDT is coming back from the most horrific situations from the past. But I want you to answer this, what do you do if someday without any signs USDT falls back to 0.1-0.2$? What do you do? Can you survive in this situation? What do you do if you put all your assets in USDT?

Just curious to know your answer. Don't say reasons that it won't happens, because I want to know if something this kind of thing happens in future what will you do?

If you ask my replay to this, I can say I will ok with it. Because I put my 20% into USDT right now. Why? because you know guys there is an Old saying Never put your all eggs in the same basket. Wink

There are other options to choose from, not just usdt, but also usdc and usd. Maybe it's just in cases like this that it seems more useful to use usdt, especially for a crypto enthusiast like me who can use usdt when I do transactions using p2p to our fiat here in my country. Although it's the same percentage that I can do for usdt as well. Also, if I put eggs in another basket, I will not collect stablecoins, I prefer potential altcoins.

I would guess that the point is not that if USDT falls down then we could start using other stuff because that's not the point and I understand that we are going to be able to use other stuff as well. Even today I use busd more than I use usdt right now and I can say that I trust and prefer BUSD a lot more and they are doing a great job and there is nothing wrong with that.

However, I would like to point out that we are not going to be ending up with anything that would be different considering the fact that bitcoin is the best one and usdt or busd do not have any candle to hold for it. However, the point of this is that if usdt goes down that means a lot of money gone and the price of all cryptocurrencies would go down too.