Topic: Does this investing strategy make sense? (Read 124 times)
This is a common strategy, but you have to stay on top of it. This "buying in the dip" strategy can yield good results as long as you know what you're doing and are only putting out what you can lose.
it make sense but it depends on where do you invest your money important is having a trust and complete observation and searching before you invest
Hey guys. Does this trading strategy work? I know it's impossible to know when a huge market correction is happening but would it make sense to transfer to USDT when you feel that coins are near their max before a correction and then while the market is correcting buy back at a cheaper price using the USDT which is stable. I know Binance only has a few pairings for USDT but I thought it would be a good way to avoid the large market corrections when they come.
It doesn't make sense. You said it yourself that it is impossible to know. What feelings are you talking about? How could you possibly know if your feelings are correct?
I sometime trade this way. Sell bitcoin when it still as high as possible, then buy bitcoin again at its dip, one more thing is when bitcoin going to dip, almost other altcoins also going to dip, you will have chance to buy altcoins at dip to double your profit when market rehabilitate
Hey guys. Does this trading strategy work? I know it's impossible to know when a huge market correction is happening but would it make sense to transfer to USDT when you feel that coins are near their max before a correction and then while the market is correcting buy back at a cheaper price using the USDT which is stable. I know Binance only has a few pairings for USDT but I thought it would be a good way to avoid the large market corrections when they come.
Yes this is a really good strategy. The only drawback that i’ve experienced with this strategy is that when you think a coin is at a peak and you sell for USDT, the coins keeps increasing in price and you not only miss out on the gains but you miss the chance to buy back in.
Another twist is you could trade for another cryptocurrency that is down in price so you are always invested in a cryptocurrency.
Life is full of gamble. You have to trust your instinct! Do it till you make it.
When would 1 USDT not equal $1? I thought it’s pegged to the dollar so wouldn’t it always be equal?
I am not yet a trader nor have an experience doing it on this industry and im still learning.
As what ive seen most of the people does that way cause if you really think about it. Its a safe play but still you need to gamble and trust your feelings and predictions about the changes
As what ive seen most of the people does that way cause if you really think about it. Its a safe play but still you need to gamble and trust your feelings and predictions about the changes
If you are able to locate the prices near the top, then yes it would make sense as you would be selling it higher than what you bought it for. The problem would be that you could be selling too late after the correction has already ended(at a low price) or missing a strong bull run. Also this will work if you trust that usdt will always equal to 1$, which might not be the case: https://www.reddit.com/r/btc/comments/6xpddt/as_20m_more_tether_are_issued_today_i_think_its/
Hey guys. Does this trading strategy work? I know it's impossible to know when a huge market correction is happening but would it make sense to transfer to USDT when you feel that coins are near their max before a correction and then while the market is correcting buy back at a cheaper price using the USDT which is stable. I know Binance only has a few pairings for USDT but I thought it would be a good way to avoid the large market corrections when they come.
Yes, this is what a lot of people are doing, but you have to trust on your feeling that the correction doesn't correct itself (eg going back up), and that USDT isn't going to crash when too many people buy it, or sell it.
There have been some rumors that they're a scam, and that they're going to burst sooner or later. (because they for example don't have the tether on par with the us$ 1:1)
https://medium.com/@bitfinexed/the-bitfinex-dilemma-blow-up-now-or-try-a-hail-mary-to-retain-in-business-10b9d989359f
https://medium.com/@bitfinexed/the-mystery-of-the-bitfinex-tether-bank-and-why-this-is-suspicious-a8a6407a1241
Even the administrator of the forum has a similar stance, https://bitcointalksearch.org/topic/m.24943714
Hey guys. Does this trading strategy work? I know it's impossible to know when a huge market correction is happening but would it make sense to transfer to USDT when you feel that coins are near their max before a correction and then while the market is correcting buy back at a cheaper price using the USDT which is stable. I know Binance only has a few pairings for USDT but I thought it would be a good way to avoid the large market corrections when they come.
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