Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Stuart on June 04, 2019, 09:52:23 PM
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The trading sector of the crypto currencies with the USDT is on a high trend when compared to the BTC pair. I am thinking that a time comes when BTC will only be for a store of value for appreciation, and USDT will take over the market exchange pair. Just a view of mine. Would like to hear yours.
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It is difficult to understand what you mean by this. USDT is just a stable coin, a digital dollar shell. This coin only reflects the price of bitcoin relative to the price of a dollar. A stable coin is auxiliary to the usual cryptocurrency and will never assume the functions of cryptocurrency.
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So far, many news claims to take place the Bitcoin. ABout this news, I will not know about what will happen to the future whether USD can really take place the BTC or not on the market. But, what's for? They are supporting each other and they are different.
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Probably, just many big players and, in general, investors with the same bounty hunters as we like to keep our assets in USDT so that when the cryptocurrency market falls, not to lose money.
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I don't think so. USD won't take place BTC because basically, BTC has more potential profits for investing. A trend on USD seems just a temporary effect, it may disappear someday. But it is just my own personal view, you are free to have another opinion. ;D
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I am thinking that a time comes when BTC will only be for a store of value for appreciation, and USDT will take over the market exchange pair.
I don't really think so. When bitcoin's unstable, people have a tendency of trading BTC/USDT or ALT/USDT coin to reduce risk. When bitcoin's on a clear uptrend or at least sideway, ALT/BTC pairs will be favoured and as a result, BTC volume will take the lead.
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You can say that when the price of Bitcoin is below 1 USD.
By comparison, if the Bitcoin is below 1USD, it indicates that the market share of Bitcoin will be overflowing by USDT.
But things like this don't know when this happens, considering that the price is now around 7800 USD = 1 Bitcoin. LOL
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In my opinion, this is simply impossible. Doldar in its digital form like USDT, TUSD, USDG cannot take the place of Bitcoin or other cryptocurrency. Stable coins perform only their auxiliary role in cryptocurrency. They cannot claim more because they cannot make a profit like a regular cryptocurrency. Therefore, there is no point in keeping your money in stable coins for a long time. They serve as a temporary refuge for a specific purpose and for a specific period.
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The trading sector of the crypto currencies with the USDT is on a high trend when compared to the BTC pair. I am thinking that a time comes when BTC will only be for a store of value for appreciation, and USDT will take over the market exchange pair. Just a view of mine. Would like to hear yours.
USDT is a stable coins so investors convert BTC with USDT pair for their trading strategy. I don't think so. When investors see that value of BTC goes over, they sell it with USDT pair and wait for correction when they buy. This is their profit taking strategy that is enable with USDT pair.