Topic: Buying USDT during crypto dips.your thoughts. - page 3. (Read 358 times)
Tether is quite possibly an artificial and unbacked crypto which has been used to boost the entire market cap. If you think 2 billion dollars of Tether can’t affect the overall market cap, look into the fundamentals. It’s major. Tether is a primary trading pair on nearly every exchange. A significant portion of the volume of all crypto could be fake!! This isn’t FUD this is necessary scrutiny. I’m bullish long term but this is something to be aware of.
During times of crypto blood bath,I prefer to sell off my portfolios and buy USD Tether which usually fluctuates minimally.Any better options or thoughts on this?
I believe that USDT is surely the number one choice for all of us when trading as well as avoiding hurricanes whenever the market is in crisis. We can completely switch to USDT to preserve our capital and wait for the market to recover and start trading again, buying other USDT codes. USDT is worth about $ 1 and is not affected much from the market, so the change to USDT will be very safe for you. 
cashing out now is very strange everything on low levels. Why now. Now IMHO is buy time to buy crypto. Carefully, patient but buy time is coming.
The whole point of USDT is to mimic the us dollar so what your doing is almost the same as cashing out or moving toward fiat. USDT is the solution exchanges provided for people to move money into fiat without having the exchange having to deal with all the regulations that come with USD.
During times of crypto blood bath,I prefer to sell off my portfolios and buy USD Tether which usually fluctuates minimally.Any better options or thoughts on this?
Well that's the hole point on buying tether, since it's suppose to act as a a virtual dollar. Of course that since it's not an actual dollar, it can lose value or even be shutdown, since it's centralized. I think that if you can have access to an exchange that actually pairs bitcoin to fiat, you should opt for this instead, as you would be much safer this way. It's still an exchange, and we are seeing some banks temporary closing exchanges accounts, but I would still prefer it to tether. There are also some coins that are outperforming bitcoin right now, so you could also try to accumulate more bitcoin by trading those pairs.
If you want to go on USD temporarily, you might as well use USDT to bypass all the bureaucracy of going back and fort into fiat, this was the original point of USDT.
The problem: The exchange with the best volume for USDT is Poloniex. Poloniex used to me freedom friendly back in the day, nowadays it's another hellhole of verification. I believe you can't no longer use Poloniex without verification, even to trade between alts, just like Bittrex. So you can't no longer use USDT as an anonymous way to go in and out of crypto in a token that's stable. I don't know if there are more exchanges that are anonymous with USDT, but I wouldn't expect good volumes there. USDT also has an inherent risk of blowing up at any second, just like any token pegged to a fiat currency.
I detest the whole concept of USDT. I am sure if it did not exist, then the market would not experience the extreme drops it has over the past few months. People throw their belief in cryptocurrency out the window when they have an easy option. I honestly believe that if the option was not there, then the market would not have dropped to the extent it has. What to do, it does exist, but I hate it. Used it once a few months ago and have refused to use it since, win or lose. You're either in or out. I'm in.
During times of crypto blood bath,I prefer to sell off my portfolios and buy USD Tether which usually fluctuates minimally.Any better options or thoughts on this?
Yes, its a better move. You need a perfect timing in selling your coins to usdt to make a good move. And putting all of your coins into tether or usdt will put your trading into neutral since there are no big price movement in tether. Best way to keep your funds at safe in rough times.
During times of crypto blood bath,I prefer to sell off my portfolios and buy USD Tether which usually fluctuates minimally.Any better options or thoughts on this?
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Recently there have been some talks which have been raised questioning if we are really sure that all Theter is really backed by dollars... so I sense some possible danger there too, if it ever would come out that it isn't.
I mean buying tether really matters based on what exchange your own, as I personally am on GDAX so I can just simply sell my bitcoin get USD (insured by the FDIC if it is to be lost) and then go about trading again if I want to. I don't know why people trust tether and bitfinex, but all of that is beyond me as I am able to avoid it without bothering me.
I'd try to buy it right before the dip though, you could maybe make 4 percent as was seen the other day when it went up to 1.04 -- though if you were to buy at that and then sell at 1.00 it could be a bit annoying, though I guess better then the market taking a shit.
I'd try to buy it right before the dip though, you could maybe make 4 percent as was seen the other day when it went up to 1.04 -- though if you were to buy at that and then sell at 1.00 it could be a bit annoying, though I guess better then the market taking a shit.
During times of crypto blood bath,I prefer to sell off my portfolios and buy USD Tether which usually fluctuates minimally.Any better options or thoughts on this?
Tether is supposed to be an escape rope when the market are crashing, its a better way of safe keeping your money rather than converting it all the Fiat currency when the market are all red.
During times of crypto blood bath,I prefer to sell off my portfolios and buy USD Tether which usually fluctuates minimally.Any better options or thoughts on this?
Well that's the hole point on buying tether, since it's suppose to act as a a virtual dollar. Of course that since it's not an actual dollar, it can lose value or even be shutdown, since it's centralized. I think that if you can have access to an exchange that actually pairs bitcoin to fiat, you should opt for this instead, as you would be much safer this way. It's still an exchange, and we are seeing some banks temporary closing exchanges accounts, but I would still prefer it to tether. There are also some coins that are outperforming bitcoin right now, so you could also try to accumulate more bitcoin by trading those pairs.
During times of crypto blood bath,I prefer to sell off my portfolios and buy USD Tether which usually fluctuates minimally.Any better options or thoughts on this?
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