Should I switch to USDT ? - page 2. | Bitcointalksearch.org

Fedrey

member

Activity: 644

Merit: 10

Quote from: UNOE on September 01, 2018, 12:45:59 PM

Quote from: spartanrules on September 01, 2018, 12:34:28 PM

Right now I am going to close all my trades and go out yo fiat. This correction gave use opportunity to fix profit in USD and then rebuy assets cheaper with great discounts. Personally I expect that the market will continue to fall in this year.

I wish you luck because it is hard to predict the bottom of bear market. I have two questions for you... Do you close your trades with profit or loss? Do you have targets when you will start buying again?

in any case, each of us understands that the Crypto currency has good prospects in the future, but when the market is restored no one can predict can not possibly take a year or two, but today remains the main task of preserving its assets and minimize losses.

UNOE

sr. member

Activity: 791

Merit: 271

This is personal

Quote from: spartanrules on September 01, 2018, 12:34:28 PM

Right now I am going to close all my trades and go out yo fiat. This correction gave use opportunity to fix profit in USD and then rebuy assets cheaper with great discounts. Personally I expect that the market will continue to fall in this year.

I wish you luck because it is hard to predict the bottom of bear market. I have two questions for you... Do you close your trades with profit or loss? Do you have targets when you will start buying again?

spartanrules

sr. member

Activity: 700

Merit: 250

Right now I am going to close all my trades and go out yo fiat. This correction gave use opportunity to fix profit in USD and then rebuy assets cheaper with great discounts. Personally I expect that the market will continue to fall in this year.

Mariahuhu

jr. member

Activity: 210

Merit: 1

Quote from: Neurzway on August 14, 2018, 04:18:23 AM

Hello !

Should I sell my altcoins , and switch to usdt , and buy when it will be lower ?
Thanks in advance

For me just hodl don't just look for short term profit always look for long term especially right now crypto world was still young.

btc-facebook

legendary

Activity: 1862

Merit: 1015

Nobody can give you the exact answer because it's totally unpredictable.
But one thing for sure , anything can happen if you keep holding. Yes, when everything turn into red, you can just hold it or cut loss if you can afford more losses.
That's what I'm doing over 2 years !

nareal109

jr. member

Activity: 70

Merit: 1

When the market fall into redzone, you should hold your coins in my opinion. Then bull market is comback, switch to USDT is a good choice.

samcrypto

sr. member

Activity: 2044

Merit: 314

Vave.com - Crypto Casino

Quote from: Neurzway on August 14, 2018, 04:18:23 AM

Hello !

Should I sell my altcoins , and switch to usdt , and buy when it will be lower ?
Thanks in advance

This will depend on your strategies if you are not sure about this better not to do it. Some coins can’t trade to usdt so its important for you to know the basic things about this move and study this again if its really feasible to do so, profit making will be a good basis.

UNOE

sr. member

Activity: 791

Merit: 271

This is personal

I do not think that selling now is good idea, but you can try trade short term with lower percent of your portfolio. If you are trading with USDT set stop loss. Never trade with more than 20% of your portfolio. Good luck!

suzanne5223

hero member

Activity: 2660

Merit: 651

Want top-notch marketing for your project, Hire me

Quote from: DevelopmentBank on September 01, 2018, 08:06:32 AM

Quote from: Neurzway on August 14, 2018, 04:18:23 AM

Hello !

Should I sell my altcoins , and switch to usdt , and buy when it will be lower ?
Thanks in advance

I'd say USDT is practically the same as real USD so if you are looking to hedge value, it is always a good option.

However, i'd like to recommend you to hold for now since the entire crypto market seems like it's already bottommed out. Selling now would be bad because the price is now expected to rise. You'd be missing out on good gains if you sell now.

I agreed with what you said because the crypto currency market always go green every first month of the Q4 of every year and I will advice the OP t hold now while he sell at the end of this month cause people will soon sell their coin or use it to stuff online for the holiday.

DevelopmentBank

full member

Activity: 406

Merit: 110

Quote from: Neurzway on August 14, 2018, 04:18:23 AM

Hello !

Should I sell my altcoins , and switch to usdt , and buy when it will be lower ?
Thanks in advance

I'd say USDT is practically the same as real USD so if you are looking to hedge value, it is always a good option.

However, i'd like to recommend you to hold for now since the entire crypto market seems like it's already bottommed out. Selling now would be bad because the price is now expected to rise. You'd be missing out on good gains if you sell now.

tytanhamon04

jr. member

Activity: 210

Merit: 1

A nexgen decentralized ride hailing

At the moment, you may still need to wait and wait out the correction in USD it is important that the train would not leave without you.

jzale

full member

Activity: 504

Merit: 105

Quote from: oxoxoxox on September 01, 2018, 04:20:13 AM

The USDT is not suitable as a coin to make money as a trade, because its price is almost unchanged, you should use it as a safe-haven coin instead of buying and selling coins!

I think the OP doesn't want to use USDT as a trading coin. He was asking about making the right move during this bearish market. He's having second thoughts about converting to USDT to save his asset and then buy back when it becomes more lower. You have a point nonetheless. USDT is never a money making coin since it's value is constant. USDT is only good to save your money while the market continues to fall down.

oxoxoxox

member

Activity: 462

Merit: 10

The USDT is not suitable as a coin to make money as a trade, because its price is almost unchanged, you should use it as a safe-haven coin instead of buying and selling coins!

Mihaylovic

sr. member

Activity: 910

Merit: 255

maybe who knows? but i wouldnt do this. because i hold altcoins for so long time. and have been waiting for so long time. i feel that this bearish market is about to end. i dont want to be out of the run when bull comes.

AlisaWhishie

member

Activity: 322

Merit: 20

Quote from: Red-Apple on August 14, 2018, 06:37:40 AM

well you are making the biggest mistake that is common these days. you "wait"!

in this market when you see the dumps starting you should immediately dump your altcoins with 0 hesitations. waiting around and thinking what to do is not going to do you any good. dump and get out as fast as possible.

USDT is a good place to go at times like this but be very careful about this coin. it is not 100% trusted. it is still pretty shady and risky to use because of those that are behind it.

People think that they may miss the very beggining of the next bull run and once again will lose their profit. I think this is something that should be called a pre-FOMO, haha.
And I absolutely agree with you that we shouldn't go against the trend, so don't buy when the market is red. Wait untill the trend changes. But so many people think that "buy low sell high" means buying during a bearish trend. That's a huge mistake.

BattleZeo

member

Activity: 350

Merit: 10

Global loyalty & rewards

Quote from: Neurzway on August 14, 2018, 04:18:23 AM

Hello !

Should I sell my altcoins , and switch to usdt , and buy when it will be lower ?
Thanks in advance

now is buying time, no sense to switch into USDT. I would buy at several different low price. No matter what i won't convert into USDT at this moment.

flysats

full member

Activity: 329

Merit: 100

Buy, sell and store real cryptocurrencies

If you are in alts today it's not so smart to exit from them. Because you may not be in time to enter again. But if you have fiat USDT will play a good role in the crypto purchase. USDT hold is not necessary. I think that USDT is for reorder only. Or for waiting a good prices. Not for hold.

Awaknow

newbie

Activity: 224

Merit: 0

Quote from: Neurzway on August 14, 2018, 04:18:23 AM

Hello !

Should I sell my altcoins , and switch to usdt , and buy when it will be lower ?
Thanks in advance

According to my analysis ... TUSD has good potential to rise further, but if you have an altcoin that has more and more prominent speculation than Tusd, you better defend your coin, because altcoin is more promising than Tusd.

light22man

member

Activity: 311

Merit: 10

Who knows, maybe it's not so bad idea switch to USDT, the market can go more down or go to correction fast.

Ngewex Yuk

sr. member

Activity: 1190

Merit: 250

I am sure that crypto is a more promising investment than USDT, a big increase is happening soon so staying patient is a better thing than switching to USDT.

Topic: Should I switch to USDT ? - page 2. (Read 468 times)