Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => USDT Forum => Topic started by: Third on July 30, 2018, 04:32:10 PM
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I see this altcoin as one of the accepted digital currency to exchange with other altcoins. Do you think this can give USDT a chance to hit the $10 value each?
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USDT is designed to be worth exactly 1$ (give or take a percentage point or two)... its a digital representation of dollars (supposedly) backed in a bank account. Rise in price isn't really it's intended purpose, but more of a placeholder for transactions of tokenized cash. The only way USDT could ever hit 10.00 or really even 2.00 is if bitcoin had a mass exodus because of some fud (maybe bitcoin cash performing a miracle and overtaking bitcoin, lol)... but even then it would be a flash crash and only temporary.
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The USDT was a coin purposely designed to be equivalent to 1$. Although there may be little variation in its value, for it to rise above the one dollar to hit 10$...almost impossible.
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I see this altcoin as one of the accepted digital currency to exchange with other altcoins. Do you think this can give USDT a chance to hit the $10 value each?
I think that USTD may not exceed it intended purpose otherwise the aim and objectives of its lunched may becomes fruitless. Remember that each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform.
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No, it cannot value more that 1$ Tather is digital dollar, backed by real dollar on 1:1 , so each USDT will always worth 1 USD not more
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USDT is a tax that has been valued at USD equivalents. So it can never grow more than the dollar value, but never equal to 10 dollars.
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No, the USDT was conceived as an exchange rate for the dollar, it's actually a digital version of the dollar and can not be different from its rate. The discrepancy may be a minimum of several cents, depending on the supplier of this coin.
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USDT is the digital representation of USD that's why they have exactly the same price. But USDT is a digital currency and has a limited supply unlike USD, so theres a chance that USDT will reach $10 if ever. It is surely not now but if the people of cryptoworld hype this coin we can see that USDT will go above the price of USD.
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I see this altcoin as one of the accepted digital currency to exchange with other altcoins. Do you think this can give USDT a chance to hit the $10 value each?
USDT value same dollar value
so if you have 10 dollar, you can get 10 USDT
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USDT is practically a digital copy of the dollar and therefore it can not be different from the value of one dollar. These are just tokens for the convenience of moving crypto currency into another crypto currency where there are no direct pairs for exchange or as a buffer for output to fiat.
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It is really mearnt to rise as high as $10 as you are suggesting??
I know for tether, it is coin backed by USD and hence will remain as high as $1 per I tether
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The USDT coin can not cost more than one dollar. Its price can fluctuate literally on the part of the dollar and not more. It has completely different tasks and functions than other coins. This is a completely stable digital copy of the dollar, which is often used as a buffer for the settling of a certain part of the money until the next decision is taken or when it is output to fiat.
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Tether is stable coin 1 USDT equal 1 USD fiat, this value never bigger or lower than 1 USD. So if you investment in tether it like invest fiat USD.
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If I am not wrong its price reached to $1.2. Of course it was not designed for such increases but I will not surprise if it reaches $2.
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I think all coins have potential to rise it depends on the efforts of the team on how they can encourage investors to invest to increase the sales and it's market value.
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I don't see that happening because the USDT is always determined by the price of dollar. It means it is unlikely to exceed the price of dollar.
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The maxium fuctuation was of 20% during the dumping of insiders, after that a lot of expert traders have earned money arbitrating between other exchanges (buying at less than 1$) and Bitfinex (selling at 1$).
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I never see this being possible, it has hanged around, $1 and $0.9, lets assume it may get to $2 someday, but not $10.
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The purpose of USDT is stable currency and reflex the fiat USD value. It cab only agitate around 1 unit of USD and impossible to x10 time like that. People join crypto market want a stable coin to measure their funds, their loss, their profit.
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The purpose of USDT is stable currency and reflex the fiat USD value. It cab only agitate around 1 unit of USD and impossible to x10 time like that. People join crypto market want a stable coin to measure their funds, their loss, their profit.
This is right. USDT is a stable coin like Trust Dollar, TUSD, that now wants to replace Tether Dollar.
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I see this altcoin as one of the accepted digital currency to exchange with other altcoins. Do you think this can give USDT a chance to hit the $10 value each?
You should know the difference between a stable coin and a volatile coin and USDT or Tether is a stable coin and its price
will never increase nor decrease even for decades because it is backed by US dollars and every piece of Tether is backed
by an actual one dollar.
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Hmmm, I have not seen USDT breaking the limit of $1 before so it will not be possible to go up as high as $10.
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I don't think so it will hit $10 price as we all know its worth is $1 and it can be up and down little bit but can not expect huge spike in tether as USDT purpose is to give $1 worth usd whether market rise or drop it will remain same only we can see little change in value.
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I don't think it's possible because the USDT is blind for the equivalent of 1 USD.
Maybe the price is experiencing a downturn or a decrease because the Bitcoin Price changes always with USD and USDT can change with the nominal in Satoshi.
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USDT never grow more then $1 or below it. USDT equal USD fiat. Im interest in how it work? Why always $1 no more no less...
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Hmmm, I have not seen USDT breaking the limit of $1 before so it will not be possible to go up as high as $10.
Yes because it is a stable coin and its value is the same value as the real US dollars that we use. So it is impossible
for this coin to pump or be dumped just like the other cryptocurrencies right now.
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Huh! I don't think that this is even a possibility! USDT is supposed to be equal to USD and I know we had some jumps before to $1.2 and even some downs but to even think that USDT can reach $10 is crazy, this will never happen, I can't think of any scenarios that can lead to this become true!
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The only way Tether can exceed one dollar, will be when 1 dollars is now equivalent to $10 :-\
The purpose at which the project was made has and must be obeyed. USDT is a token that can hold your assets with less/no loss even at the bare run.
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I think it’s impossible because Tether was created for stable, meaning that no matter the market go up or down, Tether will be alway in one price and no impact from market can harm it
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I am also wondering the possibility of Tether getting up to $10, maybe in the future it will change, but for now, I never see any possibility.
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It will never happen because the USDT is set to set with 1: 1 USD.
If that happens and changes to 10 USD then all the USDT coins are bulshit !!!!
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Bankruptcy happened for something like and the #DevelopmentTeam will not be trusted anymore. LOL
Only people who think weakly if the USDT will be 10 USD, unless the #DevelopmentTeam lies to the Public. LOL
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I never touch USDT because UDST can't volatile, if buy UDST it same like invest USD. It is not give profit. Don't dreaming USDT above $1.
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never i gues, cuz what? because this is programed to same and stable as the real USD $
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It is impossible, I don't see a chance of USDT goes to $10. As I know, the price stays at $1, it because the price of USDT 1:1 with US dollar. This coin is another form of fiat dollar, it is the digital dollar. That's why, many people suggest to not invest in this coin.
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I see this altcoin as one of the accepted digital currency to exchange with other altcoins. Do you think this can give USDT a chance to hit the $10 value each?
No, stable coins are not meant to grow in value. This is contrary to the purpose of their creation. They should only correspond to the exact exchange rate of that ordinary currency, they practically represent a digital copy.
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I see this altcoin as one of the accepted digital currency to exchange with other altcoins. Do you think this can give USDT a chance to hit the $10 value each?
Never a stable coin, which is the digital equivalent of a dollar, will cost 10 dollars. These stable coins generally should not deviate too much from the dollar, that is, from one. A stable coin should not be profitable; it is only the digital equivalent of the currency it represents. The stable coin is intended for ease of use of cryptocurrency and is a temporary storage for our funds or a buffer in some cases between cryptocurrency or fiat and cryptocurrency.
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USDT is designed to be worth exactly 1$ (give or take a percentage point or two)... its a digital representation of dollars (supposedly) backed in a bank account. Rise in price isn't really it's intended purpose, but more of a placeholder for transactions of tokenized cash. The only way USDT could ever hit 10.00 or really even 2.00 is if bitcoin had a mass exodus because of some fud (maybe bitcoin cash performing a miracle and overtaking bitcoin, lol)... but even then it would be a flash crash and only temporary.
good explanation my friend... USDT is the digital persona of the fiat USD... it will be worth 1$USD forever ... even if you wait sitting down ;D
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usdt now has 1. I think it will never go to 10. I think so.
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I don't understand why you can expect that USDT can hit 10 USD. USDT is pegged to 1 USD, sometimes the volatility can be up to 10%, depending on the demand to buy & sell USDT in the market. I can guarantee that USDT cannot reach 10 USD.
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this basically contradicts the stablecoins, 1USDT will always cost about $ 1 and it can't be more, according to the principle of its structure.The stablecoin was created so that traders could cope with the volatility of the market, it is like a tool for a trader, it should not be evaluated as an investment.
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I see this altcoin as one of the accepted digital currencies to exchange with other altcoins. Do you think this can give USDT a chance to hit the $10 value each?
#USDT #USDC #iOWN
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I see this altcoin as one of the accepted digital currency to exchange with other altcoins. Do you think this can give USDT a chance to hit the $10 value each?
I think It's impossible, I see every stable coins always have the prices approximate one dollar.
One dollar or close. So, I don't believe USDT to $ 10.
Its not stable coins again.
That's my opinion about stable coin, but maybe my prediction will wrong. Market will decide.
I don't know why OP has such thoughts.
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I see this altcoin as one of the accepted digital currency to exchange with other altcoins. Do you think this can give USDT a chance to hit the $10 value each?
This is a complete nonsense, this is completely impossible, it is basically contrary to stablecoins, 1 usdt will always be worth about 1 dollar and can not be more, according to the principle of its structure. Stablecoin was created to allow traders to deal with market volatility, it is a kind of cryptocurrency dollar not an investment .
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I see this altcoin as one of the accepted digital currency to exchange with other altcoins. Do you think this can give USDT a chance to hit the $10 value each?
This is a complete nonsense, this is completely impossible, it is basically contrary to stablecoins, 1 usdt will always be worth about 1 dollar and can not be more,
I agree with you, I USDT is always $1, I don't think it will be more.
it is easier to calculate our assets if it is 1 USDT $, but if there is a change in conversion in the future we can adjust our perception, maybe 1USDT becomes $ 10 or $ 100.
So far we see almost all stable coins $ 1.xx
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I see this altcoin as one of the accepted digital currency to exchange with other altcoins. Do you think this can give USDT a chance to hit the $10 value each?
The value of Tether (USDT) is designed to be stable and pegged to a 1:1 ratio with the US Dollar. Theoretically, it's not intended to experience significant price fluctuations. Therefore, the likelihood of USDT reaching $10 per token is extremely low, as it goes against the stablecoin's fundamental purpose.
If a stablecoin were to deviate significantly from its pegged value, it could erode trust and defeat the purpose of providing a stable digital representation of fiat currency. In the case of Tether, its value is expected to remain close to $1 to maintain stability and trust within the cryptocurrency ecosystem.
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It will never happen because the USDT is set to set with 1: 1 USD.
If that happens and changes to 10 USD then all the USDT coins are bulshit !!!!
Yes, the value of USDT will be always 1:1 with USD.
This makes no change of USDT price if we compared to USD. So, there is no way to take profits seeing this fact.
No, it is impossible that USDT price to be $10, how can? Unless USDT will be no longer as a stable coin, there is no chance that the price to increase that so high percentage. $1 to be $10 , seems just a dream. ;D