Buy tether when the market is crashing? - page 3.

xIIImaL

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Quote from: Thanhjonhan on June 13, 2018, 09:54:49 AM

I’m on the newer side to crypto, just want to say that first.

Tether always stays between .99 and 1.01. How, I don’t know. With it never really changing in price, why not convert your cryptos to tether to avoid losses when the market is crashing?

Do you think tether will be crashed in the market bro. I do not how you think that USDT will be reached to dumped value in the market bro. If is actually a decentralized coin and you will be not able to see the market place dump or even bump.
I want to invest on the altcoins means this coin will never be in my list. When using trading site for the safety purpose I may this coin as holding mate.

celtic99

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There is a lot of speculation about Tether being a complete fraud. The accusation is that tether doesn't have the USD to actually back up their printed tethers. I would be careful having too much money in tether, if it implodes you will be caught with your pants down with no way out.

danherbias07

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Quote from: Thanhjonhan on June 13, 2018, 09:54:49 AM

I’m on the newer side to crypto, just want to say that first.

Tether always stays between .99 and 1.01. How, I don’t know. With it never really changing in price, why not convert your cryptos to tether to avoid losses when the market is crashing?

I think that was made for that. As I say even before, it is like an escape pod for traders. There may be a lot of whales by now that are getting richer. Thanks to Tether.

I do not really agree with that project. It takes off the market that was done before.
They do buy altcoins to during bitcoin dump and now they wont need to.
So what happens? Bitcoin down, altcoins down. It became somehow predictable. Now they will withdraw both bitcoin and altcoin to one token named Tether. That is why it is always full.

deevan

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Yes if you want to avoid market volatility when market getting crashed then it is best to convert your altcoin into USDT, as it is an easy way to get profits as USDT price remain almost stable. So once you convert into tether you can again buy BTC or ETH or any other coin/token with less USDT price & when a market gets bullish then you can earn profits in large amount by selling your holdings back to USDT or real USD/fiat money. Trading in USDT give an advantage to trader over market volatility & to secure investments pegged with a tether.

enawati

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Yes that right, in crypto trading i prefer to chooce trading pair with USDT so when market crash will be more easy to turn my money in to USDT to keep the balance from more loss. The price of crypto bearish and bullish at the sametimes so its good idea to trade in the pair USDT.

Iotjava

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Actually I always know that Tether exists in such cases, so you can just convert your currencies in crashing market, but personally never used it. And i think it is a good tool to use when you have more than 5K in crypto. if you have less than 1K it does not make that much sense to convert it, but still it would save some money.

PacePay

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Quote from: impulse709 on June 13, 2018, 12:00:32 PM

Invest in tether is not a good way for profit and you can not trade tether with real dollars. Anyway, if it is tradable, the trading fee will kill traders who want to trade tether with dollars.

The value of tether remain stable with the value of dollar that is why it is not profitable to do trade in tether but people often keep their money in tether if they feel all the coins are dropping but now as Bittrex has added US dollar to the bitcoin trade so people can shift their money to there but I also not suggest that as the market after drop suddenly start to recover and we know after the price rise and at that time if we will buy then we will lose some value in bitcoin.

Bardman

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Quote from: ralle14 on June 13, 2018, 05:32:21 PM

Quote from: impulse709 on June 13, 2018, 12:00:32 PM

Invest in tether is not a good way for profit and you can not trade tether with real dollars. Anyway, if it is tradable, the trading fee will kill traders who want to trade tether with dollars.

OP didn't mention anything about making profit with tether. Converting your crypto to tether is one strategy to secure your profits when the prices starts heading down like where we are now.

I don't hold any tether though i'm fine with holding my coins and it's stressful when you have to watch the price every time just to move your coins to an exchange and back.

No shit, OP doesn't even understand that tether is basically usd, he even said he doesn't know how it always stays at 1$ lmao. Of course converting crypto into fiat is a way to secure profits, it has always been it's the only way really...

gentlemand

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Quote from: Rubick99 on June 13, 2018, 05:34:18 PM

USDT is a coin that backed up by USD. No matter event happening this is still on stable price.

The never ending issue with USDT is that they haven't offered any, or enough, proof that it is fully backed. The anecdotal evidence suggests it's likely but that's as far as it goes. It's not safe as houses. There is a risk with it.

Rubick99

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That is an old strategic to safe the asset, and I call this "safe play". USDT is a coin that backed up by USD. No matter event happening this is still on stable price. I have an idea when market crashing, buy some T-USD (this is not tether) to get profit of satoshi and then sell when you think that enough, after that save on Tether.

ralle14

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Quote from: impulse709 on June 13, 2018, 12:00:32 PM

Invest in tether is not a good way for profit and you can not trade tether with real dollars. Anyway, if it is tradable, the trading fee will kill traders who want to trade tether with dollars.

OP didn't mention anything about making profit with tether. Converting your crypto to tether is one strategy to secure your profits when the prices starts heading down like where we are now.

I don't hold any tether though i'm fine with holding my coins and it's stressful when you have to watch the price every time just to move your coins to an exchange and back.

atrocityx

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I hedged into tether a bit... but I did so a bit earlier on.. you're on that border now at 6k where its becoming slightly more dangerous.. but it may not be a bad idea with a small percentage. Just never hold tether for long periods of time, because at the end of the day its just another alt coin that may or may not be backed up by US Dollars in a bank account.. one peep of proven tether fud and you could be rekt from when you goto sleep to the time you wake up... so always consider that as a possiblity, even if its unlikely.

gentlemand

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Depending on where you are, converting your coins into USDT will be a taxable event. If things don't fall as far as you expect you may wind up worse off than if you'd stayed put.

And of course there's the old potential Tether implosion too. Unlikely but anything's possible. I see absolutely no reason to use it when there are enough exchanges with real dollars.

uray

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Quote from: Thanhjonhan on June 13, 2018, 09:54:49 AM

Tether always stays between .99 and 1.01. How, I don’t know. With it never really changing in price, why not convert your cryptos to tether to avoid losses when the market is crashing?

The concept of Tether is to be the digital dollar but the main problem with them is that they are not transparent, if you are following the market you should know that they have produced many coins in a short period of time without any transparency or any audit, so i would stay away from them simply because of their shady behavior.

sujonali1819

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Quote from: Thanhjonhan on June 13, 2018, 09:54:49 AM

I’m on the newer side to crypto, just want to say that first.

Tether always stays between .99 and 1.01. How, I don’t know. With it never really changing in price, why not convert your cryptos to tether to avoid losses when the market is crashing?

Tether is a coin which is stable and like as real money. the price is always 1 usd. You can buy tether when you can predict that the market may have a chance to down in near future, Then you can buy tether and hold. when the market will bottom then again you can buy more your suitable coins.thanks

impulse709

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Invest in tether is not a good way for profit and you can not trade tether with real dollars. Anyway, if it is tradable, the trading fee will kill traders who want to trade tether with dollars.

renemagritte

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Quote from: Thanhjonhan on June 13, 2018, 09:54:49 AM

I’m on the newer side to crypto, just want to say that first.

Tether always stays between .99 and 1.01. How, I don’t know. With it never really changing in price, why not convert your cryptos to tether to avoid losses when the market is crashing?

It is a stable coin it always stays there. There were rumours about it (that they print more usdt to make speculations-pumps) but I think they're cleaned.

So why not, if you can sense the dump you can sell to usdt and wait to buy again at the dip. However, whenever I sell something (thinking it won't rise more) it moons. When I don't sell something it crashes. And this happens to everyone Cheesy

so don't be upset if the coin you sold makes +50% after you sell.

Sell high buy low is the point but you generally cannot do it.

Thanhjonhan

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I’m on the newer side to crypto, just want to say that first.

Tether always stays between .99 and 1.01. How, I don’t know. With it never really changing in price, why not convert your cryptos to tether to avoid losses when the market is crashing?

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