Stablecoins (USDT, Tether, TrueUSD ect..)

nicecrypto

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Quote from: Queen_Amber on February 10, 2019, 05:27:07 AM

Does anyone here use stable coins to there advantage?
I mean its really a life saver! You buy a coin, the coin raises 25%, You sell the coin for Tether, If you repeat this 4 times, you now have 100% profit!

What do you guys think about stable USD coins? Does anyone here do this same method im doing?

To me it is, when the market is crumbling I use one out of the above mentioned stablecoin to preserve the value of my little investment, it is a life saver, this is what I didn't know back in 2017, when the market was going down I still left all my coins/tokens without exchanging them for stablecoin and they all went so low I couldn't believe it, but now that I know the importance if stablecoin I use it all the time.

sangjoewara

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Quote from: ?? on ??

This is one of my favorite strategies. I use USDT frequently, mostly for hodling when I'm not sure whether I'll be able to track the rates in the near future or not. So when I'm not going to keep an eye on the market I send some crypto to stable coins. The second option of using is the one you mentioned. I'm trying to grab added % to the innitial price by buying stable on the highs and selling on the lows.

Are you not going to experience a loss by buying stable at the highest position and selling at the lowest position? because whose name is stable coins rise and fall prices are not too far from the basic price on the market.

neokripto

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Quote from: Queen_Amber on February 10, 2019, 05:27:07 AM

Does anyone here use stable coins to there advantage?
I mean its really a life saver! You buy a coin, the coin raises 25%, You sell the coin for Tether, If you repeat this 4 times, you now have 100% profit!

What do you guys think about stable USD coins? Does anyone here do this same method im doing?

This is exactly how they profit from the difference in the rates of cryptocurrencies, especially now, during the instability of the markets, it is necessary, at the earliest opportunity, to fix the income in dollar equivalent in USD coins.

CryptoCrawler_2017

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Stable coins are the real gold in crypto if you know how ti swing them according to the market situation. It's faster than converting your crypto assets into fiat & vice versa when you need to trade cryptos again.
Stable coins should be having a good part of your portfolio if you're a daily, swing trader, this market is volatile enough that needs your money ready for trading at any moment, so yeah Stable coin are your best friend in crypto.

jajorforce

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Quote from: Queen_Amber on February 10, 2019, 05:27:07 AM

Does anyone here use stable coins to there advantage?
I mean its really a life saver! You buy a coin, the coin raises 25%, You sell the coin for Tether, If you repeat this 4 times, you now have 100% profit!

What do you guys think about stable USD coins? Does anyone here do this same method im doing?

Top to USD pair always profitable when market I keep rolling to up. Although your calculate is easy to do but this situation could come in year, 100% profits could take 4 years.Although 25% instant positive means, market is heading to bullrun. Right decision will be make you to hold your favorite Coin.

Twinkledoe

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Quote from: timmmers on May 02, 2020, 04:39:50 PM

And when you did see 25% growth on stablecoin? Why someone would pay you 25% fee for a buying stablecoin? It doesn´t make a sense, same it doesn´t make a sense why would someone sell it below the price... Wink

25% price change of stable coin is really large. I don't know how the OP came up to that percentage. But if you are talking about stable coin, the price difference from one exchange to another is very minimal, because that's the reason why it is called stable coin, it should not deviate so much from where it is based upon like USD. Have you seen USD change its price 25% within 24 hrs? I don't think so.

nadia001

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You better call it your trading skill rather talking advantage of stable coins. You will never see such a growth in stable coin. So it's unusual comparing a stable coin to a pump or dump coin.

timmmers

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And when you did see 25% growth on stablecoin? Why someone would pay you 25% fee for a buying stablecoin? It doesn´t make a sense, same it doesn´t make a sense why would someone sell it below the price... Wink

Convery

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Did you know how many new Tethers were printed (probably from air)? They added more than 2.5 billions USDT into a circulation supply in the last few months. USDC added 235 millions USDC into the supply. Be careful, someone would like to push the Bitcoin up with free money Roll Eyes

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cytpoway121

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Quote from: Queen_Amber on February 10, 2019, 05:27:07 AM

Does anyone here use stable coins to there advantage?
I mean its really a life saver! You buy a coin, the coin raises 25%, You sell the coin for Tether, If you repeat this 4 times, you now have 100% profit!

What do you guys think about stable USD coins? Does anyone here do this same method im doing?

Instead of saying life saver, just term it as a profit / capital saver.
I see stable coins tether or tusd as alternatives fiats; you keep your money in usdt or tusd if you are awaiting a trade to get in, because neutrally, when theres a dip, local conversions to usdt gets very high, but usdt or tusd saves you.

Trading with stable coins is also good, but you need a balanced strategies to always earn from it.

beerlover

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Quote from: Queen_Amber on February 10, 2019, 05:27:07 AM

Does anyone here use stable coins to there advantage?
I mean its really a life saver! You buy a coin, the coin raises 25%, You sell the coin for Tether, If you repeat this 4 times, you now have 100% profit!

What do you guys think about stable USD coins? Does anyone here do this same method im doing?

Exactly for this reason why stablecoins were invented. Just a replacement for fiats. No need to assume the above process of trading as an all new thing. Traders are doing the same for years but with fiats. Now, you got stablecoins to do the same to achieve your goal of 100% profits. The other applications of having stable coins is you can move fiats everywhere on blockchain; yes, stablecoins are nothing but blockchain version of fiats.

This the reason tether corporation is having multiple platform based tether versions. This will cover all type of users to enjoy the same benefits but with their own preferred platform. I also read some governments may ban stablecoins as it may help people in money laundering. But, not sure what is going to happen. So, being cautious will help anyone.

maruf01788

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Stable coins is useful for traders. I also trading with Usdt pair. But There have advantage and disadvantaged. Suppose, i buy a coin and sold it with usdt. If this coin dump then i can buy more and get profit. However if this coin is pump after sell then this is sad for me.

kingzpro

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DIFX - Digital Finacial Exchange

It is not that simple and also it is highly risky strategy, you can left out when parabolic run starts plus in my opinion this strategy will not work on low volume coins and also manipulative pump and dump coins, it can only work in long term range trading coins and also with good volume and liquidity round the clock.

pandanaran

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I use stable coins like USDT or USDC depending on needs, I mean as a couple for withdrawals like BTC and ETH. on the other hand stable coins are also profitable for trading, I think you need to use stable coins as a method of withdrawing.

Shallow

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SmartFi - EARN, LEND & TRADE

Quote from: Queen_Amber on February 10, 2019, 05:27:07 AM

Does anyone here use stable coins to there advantage?
I mean its really a life saver! You buy a coin, the coin raises 25%, You sell the coin for Tether, If you repeat this 4 times, you now have 100% profit!

What do you guys think about stable USD coins? Does anyone here do this same method im doing?

Volatility of the crypto space is one of the reasons or better still the main reason why stablecoins were created. With stablecoins, people or rather mostly traders don't bother about bear markets, thus since it is stable, it means it doesn't grow in value neither does it drop in value. Also, a good number of people trade most coins against stablecoins pairs therefore any profit they make is in stable value. So basically, what you are doing is trading against USDT pairs, and most people do it as well.

BitcoinVN_News

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Your Bitcoin Partner in Vietnam since 2014

We recently conducted an interview with Kory Hoang of USDS / Stably where he explained his motivation to create Stably, why he decided to move his team ouf of Seattle to Vietnam in the times of the Coronavirus and some wartales from the "great Stablecoin wars" which unfolded in 2018/2019

Quote from: Kory Hoang

As a crypto trader in 2017, I was always looking for an alternative stablecoin to use instead of Tether. Although it was commonly used by pretty much everyone, Tether had too much shady business going on for me to have confidence holding USDT. I remember searching tirelessly for another reputable USD-backed stablecoin to use and I couldn’t find any; there were only decentralized stablecoins like BitUSD and NuBits which to me are inorganic and much riskier than even USDT. It was then that I realized there’s a huge stablecoin opportunity in the market, when I had $50-100k of BTC that I needed to sell into something other than USDT and there was literally nothing available. If I, a small retail trader, had that problem then there must also be millions and billions of dollars more having the same issue.

chits

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Stable coins - a very useful concept, secured by local currency, help to avoid margin trading. Making short transactions, we convert to these coins in anticipation of an attractive price. With the help of stable coins, we avoid losses, while most cryptocurrencies continue to lose value.

Herbert2020

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Quote from: Queen_Amber on February 10, 2019, 07:15:30 AM

Quote from: wayaneka on February 10, 2019, 05:45:05 AM

Stable coin is very usefull for trading pair with others crypto that has high fluctuacion, because we will more easy to calculate profit and loss than trading pair altcoin with BTC or ETH. Personally i prefer to trade crypto with pair stable coin, and currently alot of different stable coin was listed and tradeable on the many exchange. When all crypto crash, only by move to stable coin we can avoid loss. Just like trade on stocks market that always have pairing with fiat, so this is make easy to know we get profit or loss.

Thank you! Wonderful comment

one important thing that they tell you is that stable coins are not guaranteed to be stable. for example USDT (tether) which is the biggest one of them all has had big drops in the past which means if you tried to hold it to escape altcoin dumps you could have lost money holding these tokens instead.
not to mention that they are risky because they can drop to zero in an instant. the chances are low but they exist and you should not ignore them.

Debonaire217

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In Code We Trust

Quote from: Queen_Amber on February 10, 2019, 05:27:07 AM

Does anyone here use stable coins to there advantage?
I mean its really a life saver! You buy a coin, the coin raises 25%, You sell the coin for Tether, If you repeat this 4 times, you now have 100% profit!

What do you guys think about stable USD coins? Does anyone here do this same method im doing?

Actually there is, I am a trader and I utilize stable coins in order to ensure and keep my investment in a good shape, when the market is going down for my base currency, I buy stable coins.

asriloni

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Leading Crypto Sports Betting & Casino Platform

Quote from: libert19 on February 14, 2019, 11:33:12 PM

Quote from: Queen_Amber on February 10, 2019, 05:27:07 AM

Does anyone here use stable coins to there advantage?
I mean its really a life saver! You buy a coin, the coin raises 25%, You sell the coin for Tether, If you repeat this 4 times, you now have 100% profit!

What do you guys think about stable USD coins? Does anyone here do this same method im doing?

That's basically purpose of Stable coins, to save crypto users from high volatility of crypto markets.

That's indeed, the only best way to avoid the volatility, remember about the fact that if you are keeping your amount or profit in the altcoin form and when it gets dumped and you can lose your profit too but this will not happen if we are saving it on the stable crypto.

Topic: Stablecoins (USDT, Tether, TrueUSD ect..) (Read 289 times)