Topic: Why I kept USDT - page 5. (Read 659 times)
You are right and i think most people do not read, research or give enough time to their investments, generally greed takesover and that results in loss. Most people jump in for short term and expect that they will get rich quickly but they have to understand that it cannot happen, even if you invest right at the start of a bull cycle still you need to be patient for one to two years to reach the highest or peak price for maximum profit.
Now that bitcoin is trading over 10k it will be hard to buy 0.5 because you will be buying at a higher price compare to when it was at 7k weeks ago, why can't you choose other stable coin? I don't trust USDT because its centralized, its a risk holding it for long
Everyone has the choice to convert it to USDT for the time being when he's too conscious about the price. Well, actually it's a basic decision so that we can take the profits as we want to and later convert it to cash so you can spend and enjoy it.
But with my strategy, I have never sold it to USDT because I'm okay with the volatility and fluctuation of bitcoin. Although, I understand it too how important it is to convert it if time permits.
But with my strategy, I have never sold it to USDT because I'm okay with the volatility and fluctuation of bitcoin. Although, I understand it too how important it is to convert it if time permits.
Well, if you got USDT and hit the jackpot in converting your USDT to BTC when it was trading at $3500 then congratulations to you however there is a high risk in converting to USDT since chances are if btc will pump then the quantity will subside. For me, it is really better to hold BTC whatever the amount is.
This is the risk connected to hold stable coins - they are stable, they are not volatile. You will not loose, but also you will not earn in USD value.
I do not understand why people still trying trading, trying to find the bottom and tops. 1 BTC was, is and will be 1BTC forever. 1USD today is not a dollar what we used few years ago, thanks to massive inflation rate.
I do not understand why people still trying trading, trying to find the bottom and tops. 1 BTC was, is and will be 1BTC forever. 1USD today is not a dollar what we used few years ago, thanks to massive inflation rate.
Even for holders, and I included myself, it's interesting and challenging trying to increase you value in BTC
When I have time to be well informed about cryptos, I do some trades with USDT - BTC, trying to buy a dip and them buying BTC again, there's nothing wrong
Some prefer to hold forever, and I'm in the mid term, last year I do 1 or 2 trades only due to my lack of time
When I have time to be well informed about cryptos, I do some trades with USDT - BTC, trying to buy a dip and them buying BTC again, there's nothing wrong
Some prefer to hold forever, and I'm in the mid term, last year I do 1 or 2 trades only due to my lack of time
Its not bad option to hodl some usdt in hot wallet to make fast purchace ahead of new pump
If you have already bought 0.5 BTC, you are luckey because it was cheaper in the last few weeks ago and now $10k+ price. If you didn't buy BTC yet, it is regret for you because you have to pay higher rate now. Buying in low price and wait for higher price, and selling to keep in USDT is a good strategy.
Let me get it straight, you have 0.5 btc equal with USDT right now and you want to double it to 1 btc, butyou are still waiting for bitcoin's price going deeper, so you can buy more bitcoin with cheaper price with your USDT, am i right? And you will sell as soon as possible if you think the price is already high enough
You are absolutely right, he is waiting for the price of bitcoin to collapse in the future to be able to buy more with the budget he has. And he will definitely dump it all if it rises a bit, now he's scared and doesn't dare to buy bitcoin because he thinks it will collapse like 2018.
This is simple strategy. Trading is much more efficient way to increase your asset. Actually, this is not hard for those who are experienced one but getting more btc usinga holding method isnt bad at all.
If you've already converted your BTC to usdt then you have nothing to worry about because its better to hold USDT than hold a coin that can lose value later,
This is only good if the converted value is enough for you. Right now btc price is doing great. If I were you I'm gonna hold off until it closer to previous ATH. 
Whenever I get stucked with Usdt when trading I always remember myself what happened in 2018 when bitcoin was trading @ 19k and in February 2018 it goes down to 9k, even in January 2019 bitcoin was trading at 3,500$, 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
In my trading strategies, I was basing my decision on how the current market status behave in that week, if there is a strong indicator that it will sustain for another week I will not convert my cryptocurrencies and it will stay in my trading wallet as it is. But if the market indicators were weak in that particular period that was the time I will convert all of my cryptocurrencies on daily basis into USDT just for sure that it will not be affected by fluctuation. 
In essence, do not ever regret any conditions and that is indeed your decision. so between loss, a little or a lot of profit, it is indeed your decision that has been made before. so a regret is always at the end. emotions often attack and lack of economy for daily needs, making someone lose in trading. patience is also a main point for a trader or investor. do not expect prices to fall then buy and wait for prices to soar even though according to the analysis it is not possible. just a suggestion, don't hold the centralized coin for too long, if so it's better to put your money in a trusted local bank.
Whenever I get stucked with Usdt when trading I always remember myself what happened in 2018
The logic is quite good, although this is basically holding, not trading - the traders may prefer to lose a little now just to stay in the game. But I am holder, so I don't mind.
What I don't like in the logic is the USDT part. Holding is fine, but I don't trust USDT. There are a few stable coins which have proper 3rd party audit; I'd choose those instead of USDT.
If you've already converted your BTC to usdt then you have nothing to worry about because its better to hold USDT than hold a coin that can lose value later, I'm sure that after bitcoin halving in may bitcoin will go down, the halving hype will wear off
The prices can go any direction but it's rather satisfying that you hold the same USD value than holding same amount of coin that values lesser.
I too am now stuck with USD as I made a good profit from the moving market and as all my sell orders are executed, I don't want to buy the coin at a higher prices than I sold.
I already have a good profit from them and I'd rather wait for them to fall before buying again.
I too am now stuck with USD as I made a good profit from the moving market and as all my sell orders are executed, I don't want to buy the coin at a higher prices than I sold.
I already have a good profit from them and I'd rather wait for them to fall before buying again.
Be careful cos you can easily get burnt, I opted out of trading bitcoin since 9200$ and my thought was it will go down and I will re buy again but instead it keeps growing, I'm stick holding my USDT in my wallet but if the bullrun is just getting started I will feel very bad
Buying low and selling high to have higher BTC or USDT is not a bad move at all if you know what you are doing, I like the fact that bitcoin will always find its ways down the ladder since its volatile, if you can wait for that moment it will always happen, ups and downs can't disappear from crypto space
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
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
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