Why I kept USDT | Bitcointalksearch.org

Utoy101

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Quote from: Kvalentine on February 15, 2020, 04:42:07 AM

Whenever I get stucked with Usdt when trading I always remember myself what happened in 2018 when bitcoin was trading @ 19k and in February 2018 it goes down to 9k, even in January 2019 bitcoin was trading at 3,500$, My point here is there is time for everything in crypto space, Lack of patience is what's affecting many and also fear of missing out, even if bitcoin hit 50k today alas it will shrink in value sooner or later, bitcoin is volatile, its left for you to choose the best time to buy, as for me, what I care most about is turning 0.5btc to 1BTC

I really love your strategy, nothing beat stablecoins and FIATS, the high volatility associated with cryptocurrency generally is nothing to write home about amd it's the number one factor limiting the mass adoption of cryptocurrency as a financial option.

However, staying in usdt to buy bitcoin at a dip and lower price is really a good strategy but what if the dip gets dipper after you've purchased, what will be your go-to strategy then?

[email protected]

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In fact, there are many ways to increase the number of your bitcoins. Saving the usdt in order to buy bitcoin when it falls again is a good idea. But in addition, you can still make quick transactions with altcoins and thereby also increase your deposit.

kindbtc

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Usdt is a great hedge to crypto market but i think it is only useful at peaks with reversal confirmation and secondly just to buy any coin, it is easy to get usdt and then pick your choice of coins in exchange of the usdt this will give you the fiat price and you can keep your precious btc and eth and enjoy good profits over a period of time.

Tash

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Why I kept USDT

Aka why it guaranteed loose 2.3% of purchasing power, on average in us.

letyouearn

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I think it's time to convert USDT to BTC at least. And maybe pay attention to some main altcoins

Most of the greedy people will enter the market when BTC hits 20K - as usual...

fullhdpixel

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So do you think that you’re going to achieve your plans by just holding USDT? And do you also think that the price will go anything less than what it is now? I don’t really think so. We all know that Bitcoin can fall at anytime, that’s why you’re being advised to do with an amount you wouldn’t mind losing. Unless you don’t have much, because I can remember for sure that there was a time I didn’t have any amount enough to risk in Bitcoin and then I was so worried and couldn’t invest and leave my money for long in Bitcoin.

If you’re in such a situation, then you’ve got to be very careful with it, and then there is the possibility that you will also be missing out when a bull run happens.

taufik0911

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Quote from: janggernaut on February 15, 2020, 05:12:04 AM

Let me get it straight, you have 0.5 btc equal with USDT right now and you want to double it to 1 btc, butyou are still waiting for bitcoin's price going deeper, so you can buy more bitcoin with cheaper price with your USDT, am i right? And you will sell as soon as possible if you think the price is already high enough

I think that's what he meant, it's possible he will not get 1 BTC just by waiting for the price of BTC to go down and if the price of BTC touches ATH again he will regret it
he should have asked "how to recover lost profits due to stop loss when btc prices dropped in 2018?"
he should be doing active trading to recover lost capital due to the price of btc drop in 2018

traderethereum

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Quote from: TrevorS on February 20, 2020, 08:13:27 AM

You say the right thing, but they will only work in each case. After all, what you are talking about is nothing more than trading skills. Not everyone has enough skill to implement this strategy.
The main charm of finding your deposit in the dollar is that you cannot make a mistake. It is better to stay with your money than to lose on speculative market movement by incorrectly predicting the situation.

At the same time, you must believe that the value of the dollar will not fall over time with respect to cryptocurrencies. I prefer to keep Ethereum and Bitcoin now. The future is in cryptocurrencies in 5-10 years.

If we keep our money in USDT, we don't have to afraid to see the down of the value for USDT because even if USDT is down, the down will not be too deep so that can help us to buy any coins that we want. But if you keep your money in the coins, you will see that the value for every coin will be up and down so that can make you worry, especially if the value drops too deep. But if you are okay with the volatility of the value for every coin, you can hold your money in bitcoin or altcoin, but you need to have patience.

Kotone

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Quote from: Kvalentine on February 15, 2020, 04:42:07 AM

Whenever I get stucked with Usdt when trading I always remember myself what happened in 2018 when bitcoin was trading @ 19k and in February 2018 it goes down to 9k, even in January 2019 bitcoin was trading at 3,500$, My point here is there is time for everything in crypto space, Lack of patience is what's affecting many and also fear of missing out, even if bitcoin hit 50k today alas it will shrink in value sooner or later.

The strategy isnt bad but with this you need to wait for a longer period before you can rip fruits of your success and sales. Its good to hold off quite some time this btc but when youre gonna wait for it again to go down. I tell you my friend it will be longer duration.

Im not saying this is not good but most will be bored or yet learn trading than doing this type IMO.

torrantz

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Quote from: Btc_1856 on February 19, 2020, 01:16:47 AM

Quote from: Davian144 on February 19, 2020, 12:49:51 AM

Quote from: daniahya on February 18, 2020, 11:08:58 PM

usually I also do the things you have mentioned by maintaining USDT if the price of bitcoin and altcoin falls because the value is fixed and sometimes I also buy some altcoin using usdt for my savings

A very good step, because I also do the same thing as you when a lot of altcoin and bitcoin begin to fall in price, and I think this is also done a lot by traders and investors out there, because they also don't want their assets to decrease when they are price drops on altcoin and bitcoin.

That's is how people are managing their money efficiently because when the price of coins increased we need to convert them to USDT, we have to hold it for some time and later when the price drops we should grab them at the low value in this way, we have to increase our asset.

People must do that caused by the possibility to lose their money is always there anytime. I am personally much more interested to use USDT to keep my money rather than use bitcoin. Bitcoin is also a good choice but when it was getting a bearish trend like this time and we just need to accumulate about how much we are loosing from bitcoin.

ife2020

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In crypto currency, you don't have to worry about bitcoin or other altcoins shrinking in price.
If you obey trade laws that says you should pick profit always, either bitcoin goes to 5999$ ot 59999$.

You will still be in front, instead of worrying about fuds or fomo. Improve your portfolio and do more research

TrevorS

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You say the right thing, but they will only work in each case. After all, what you are talking about is nothing more than trading skills. Not everyone has enough skill to implement this strategy.
The main charm of finding your deposit in the dollar is that you cannot make a mistake. It is better to stay with your money than to lose on speculative market movement by incorrectly predicting the situation.

havoc928

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Quote from: chennappa121 on February 18, 2020, 01:20:34 PM

I will use my own strategy to when o got good profits for my investments then i will convents my principal investment amount to USDT and keep profits as same. than i plane next investments as per the market conditions this strategy will gives me best results for me till now because of USDT. so it is best stable coins for every crypto traders.

Hold USDT will help you a lot in asset management and this is also the safest stable coin in this market. In fact, I often use USDT to trade some of top 10 CMC coins as these are the coins I can predict and analyze. In addition, USDT never lost value and some other coins such as USDC, TUSD are also my second choice in this market.

jerrison

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Quote from: Kvalentine on February 15, 2020, 04:42:07 AM

Whenever I get stucked with Usdt when trading I always remember myself what happened in 2018 when bitcoin was trading @ 19k and in February 2018 it goes down to 9k, even in January 2019 bitcoin was trading at 3,500$, My point here is there is time for everything in crypto space, Lack of patience is what's affecting many and also fear of missing out, even if bitcoin hit 50k today alas it will shrink in value sooner or later, bitcoin is volatile, its left for you to choose the best time to buy, as for me, what I care most about is turning 0.5btc to 1BTC

For traders, it is best to leave your crypto assets in USDT for reasons of your financial safety and also to ensure stability in the case of the capital or acrued profit. it is safer to leave you funds in USDT when you are considering your trade wins in dollar value as against when you are considering your trade wins in terms of Bitcoin profits. The Satoshi remains constant but for the volatility in price, it can never be the exact same dollar value it was as at time of win.

princerepon

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Quote from: Kvalentine on February 15, 2020, 04:42:07 AM

Whenever I get stucked with Usdt when trading I always remember myself what happened in 2018 when bitcoin was trading @ 19k and in February 2018 it goes down to 9k, even in January 2019 bitcoin was trading at 3,500$, My point here is there is time for everything in crypto space, Lack of patience is what's affecting many and also fear of missing out, even if bitcoin hit 50k today alas it will shrink in value sooner or later, bitcoin is volatile, its left for you to choose the best time to buy, as for me, what I care most about is turning 0.5btc to 1BTC

If you want to profit from bitcoin then don't you think you are risking your USDT to keeping it. Suppose bitcoin price is 10$k now you are holding 5$k USDT that's mean you can buy 0.5 btc but you think if btc price go down to 5$k then you will buy 1 btc. But my friend what if btc price starting rise up..? Then you just hold your USDT for nothing. So in my opinion if you really want profit from bitcoin then buy now and hold for long term. Doesn't matter what price you buy btc, if you hold it for long you will make your move when times come. So hold btc not USDT.

Nadziratel

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You don't need to see USDT as something different. A trade object like BTC, ETH and others. So it gives you the chance to trade moves under certain conditions.

There are always risks and opportunities in this. Sometimes, as you hold USDT, Bitcoin price drops and gives you a chance to buy more BTC. Sometimes, on the contrary, it can reduce your BTC amount. If you do not have the ability to trade at the right time, it is useful to move less.

Btc_1856

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Quote from: Davian144 on February 19, 2020, 12:49:51 AM

Quote from: daniahya on February 18, 2020, 11:08:58 PM

usually I also do the things you have mentioned by maintaining USDT if the price of bitcoin and altcoin falls because the value is fixed and sometimes I also buy some altcoin using usdt for my savings

A very good step, because I also do the same thing as you when a lot of altcoin and bitcoin begin to fall in price, and I think this is also done a lot by traders and investors out there, because they also don't want their assets to decrease when they are price drops on altcoin and bitcoin.

That's is how people are managing their money efficiently because when the price of coins increased we need to convert them to USDT, we have to hold it for some time and later when the price drops we should grab them at the low value in this way, we have to increase our asset.

maydna

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Keeping USDT can give you a chance to buy bitcoin or altcoin when all of the prices are down deeper. When we can buy at a lower price, we have the opportunity to sell the bitcoin or altcoin when the price increase back, so that means we can make a profit in USDT. That is a good strategy to try to increase the USDT amount while we can also have more bitcoin or altcoin when we buy at the market. In some period, if we can do that over and over, we will have a chance to get more profit, but we need to be careful because the market cannot be predicted.

Davian144

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Quote from: daniahya on February 18, 2020, 11:08:58 PM

usually I also do the things you have mentioned by maintaining USDT if the price of bitcoin and altcoin falls because the value is fixed and sometimes I also buy some altcoin using usdt for my savings

A very good step, because I also do the same thing as you when a lot of altcoin and bitcoin begin to fall in price, and I think this is also done a lot by traders and investors out there, because they also don't want their assets to decrease when they are price drops on altcoin and bitcoin.

daniahya

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Quote from: qory on February 17, 2020, 02:52:55 AM

Keep USDT when bitcoin and altcoin going back to lower price because USDT keep stable how ever bitcoin and altcoin happen going down or going up, but when bitcoin on the top price never buy and hold your assets in USDT because never increase of your bitcoin and altcoin value.

usually I also do the things you have mentioned by maintaining USDT if the price of bitcoin and altcoin falls because the value is fixed and sometimes I also buy some altcoin using usdt for my savings

Topic: Why I kept USDT (Read 678 times)