Why I kept USDT | Bitcointalksearch.org

Utoy101

member

Activity: 368

Merit: 11

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]

member

Activity: 645

Merit: 10

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

member

Activity: 1008

Merit: 12

SAPG Pre-Sale Live on Uniswap!

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

sr. member

Activity: 1190

Merit: 305

Pro financial, medical liberty

Quote

Why I kept USDT

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

letyouearn

legendary

Activity: 1722

Merit: 1014

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

hero member

Activity: 2828

Merit: 611

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

full member

Activity: 1274

Merit: 104

HEX: Longer pays better

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

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: ?? on ??

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

hero member

Activity: 1372

Merit: 503

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

sr. member

Activity: 1063

Merit: 253

Sovryn - Brings DeFi to Bitcoin

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

member

Activity: 579

Merit: 13

Are you kind to your neighbor? Think it through

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

sr. member

Activity: 1050

Merit: 377

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

full member

Activity: 379

Merit: 100

Decentralized Ascending Auctions on Blockchain

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

full member

Activity: 1442

Merit: 106

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

full member

Activity: 994

Merit: 101

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

sr. member

Activity: 1568

Merit: 321

★777Coin.com★ Fun BTC Casino!

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

sr. member

Activity: 1540

Merit: 255

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

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

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

hero member

Activity: 2576

Merit: 579

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

legendary

Activity: 1932

Merit: 1000

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

Diamond_Darrell

full member

Activity: 1106

Merit: 103

♦♣♥♠

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

Good desire, then you have to buy some shit of tokens for a part of your bitcoin and wait for them to show decent X-rays. But be careful in choosing, all your tokens can turn into crypto wrappers

chennappa121

member

Activity: 400

Merit: 12

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.

isaac_clarke22

sr. member

Activity: 1610

Merit: 264

I would just advise you to keep hiding your profit there. I can't say for sure that we're now in the bull trend as the price jumps to 10k already. It isn't that yet of a much increase if you would think of it back in 2017, in fact we need to get to where we left since that year.
You can do day trade, but I wouldn't suggest it for beginners if you're now looking for an extension on where to earn in times of these trends. I wonder what price are you eyeing at, OP?

rhey

member

Activity: 98

Merit: 10

bitcoin prices fall down is indeed a lot of factors because maybe the panic of selling and maybe this will be a good year for bitcoin to come back to its heyday because halving will happen, the point is in my opinion is patience waiting for assets to be doubled

LbtalkL

full member

Activity: 1176

Merit: 162

Converting to USDT is good to maintain the value but if you are holding it for a long time why not just cash it out for fiat and put it on banks or use other stablecoins. There are bad rumors on USDT and USDT has the ability to freeze any wallets. That is quite alarming, right? Only DAI stablecoin doesn't have that ability, but so far USDT has good usage in most of the exchanges.

Quote

when bitcoin was trading @ 19k and in February 2018 it goes down to 9k

Wait what? I guess you got it wrong here, BTC last ATH was December 2017, not 2018 it reaches $19k.

bearexin

full member

Activity: 1162

Merit: 168

I personally feel like people who still hold USDT is not doing it for the purposes of why USDT was liked back in the day but because of technical stuff. We all know what happened with it and we all know its not a favorite anymore, we all want something better to come up, preferably Libra or anything else that any other government may do, even Chinese government building their own stablecoin would be better.

Right now, there is no trust towards other stablecoins in the market, there are usdc, gusd, dusd and stuff like that even busd for binance but nobody really likes or cares about the other ones, USDT was probably first one or at least first one to go mainstream and it was loved by everyone, now we all hate it or at least know whats wrong with it and nobody moved to alternatives.

thesmallgod

full member

Activity: 1498

Merit: 129

Quote from: Byakuga on February 15, 2020, 05:28:19 AM

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

If you are not careful you will end up making the wrong choice. For the past 1 month, people have been talking about the bull run probably because of the halving that is coming up this year. These are mere speculation and nobody knows maybe this will really bring about the bull run. The scarcity people are expecting that will cause the hike in price is under maybe the miners will not be selling their coin. Whichever way it goes I believe however witnessed the hike in price of bitcoin in 2017 must have learn one or two lesson.

nreal

full member

Activity: 932

Merit: 100

arcs-chain.com

Trading with USDT helps you limit risks when the market is volatile or in the bear market. I think that it is necessary to be flexible in trading using USDT, With the bull market, trading in BTC will bring greater profits than risks.

betty11

copper member

Activity: 448

Merit: 3

Leaving your fund can be very risky and heartbreaking while when you are sleeping, the price of bitcoin suddenly mooned like what we saw in the USA-Iran conflict that saw a quick spike in the price of bitcoin. I recently forgot to convert my USDT to ETH when ETH was about $124, ETH would later rose to $270 before I remembered I left my money is USDT. very sad experience. Always have some percentage in bitcoin and control your risk level.

darewaller

hero member

Activity: 2926

Merit: 640

Quote from: NeuroticFish on February 15, 2020, 06:33:46 AM

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.

Not a big logic in my opinion as I am doing this for years. Holding USDT when cryptos are in bullish will be incurring to more losses as buying cryptos for USDT when cryptos are cheaper is the actual motivation here. I agree cryptos are always fluctuating and buying back them at cheaper prices will be possible but that would be only up to some level. For example, if you are waiting to buy back bitcoin for less than $900 since 2016 December then how that will be possible even holding is part of your plan.

I mean holding is also just a derived version of trading and losses or profits may happen when you are holding. This is perfectly true with stablecoins too. Holding stablecoins in bearish market will let you increase your networth whereas in bullish market will lead to decline in your total networth.

Ridwan.P

full member

Activity: 411

Merit: 101

Right. Saving USDT is the best way. We don't need to worry if bitcoin or altcoin suddenly falls like yesterday and we can buy bitcoin or altcoin when prices are falling. And we can sell it when prices are high.

coinmaster241

member

Activity: 672

Merit: 32

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've experienced that too guys, but the difference was that in 2018 I was still learning, so I was very vulnerable to losses even though I had asked where to keep the heart to decide. for me now loss is a very valuable experience

CuriousGeorge

sr. member

Activity: 1498

Merit: 251

KUWA.ai

Quote from: Dhoe on February 17, 2020, 02:47:28 AM

Quote from: fuer44 on February 17, 2020, 02:19:11 AM

financially, usdt is safer than other crypto including bitcoin. as you have explained, bitcoin experiences a very extreme price movement, sometimes it is very high and then falls very deep. for investors and traders, it is a beneficial and detrimental event. while usdt is a crypto asset that tends to be stable and the value is always almost the same as the dollar.

Yes, I agree, USDT is suitable for investors who want to keep the value of their assets stable, without an increase or decrease in value. USDT is not suitable for trading. I personally take USDT to maintain the value of my assets so it's not fluctuate.

Im also converting all of my portfolios to the stable coin too and so far this is the best decision that can be taken by everyone to avoid the bearish trend perfectly rather than convert it into the bitcoin. we can convert our money to the bitcoin again anytime as the market shows the next bullish trend.

Shallow

sr. member

Activity: 938

Merit: 255

SmartFi - EARN, LEND & TRADE

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

No need to argue that USDT or rather stablecoins are safe haven for almost all users in this space, be it traders or as the case maybe. There are people who trade against USDT while there are others who study the market buy when it's low, and once the price goes up they sell; the thing is, everyone applies strategies that works for them. I know some people who were holding bitcoin for a while before the price increases, now they have all converted to usdt to hold their profits. So yes, usdt or any other stablecoin is very good especially during unfavorable market.

Reid

hero member

Activity: 3052

Merit: 651

So your USDT came from your own funds or did it came from selling bitcoin too?
That is your pair right? BTC/USDT?

So, how will you earn more bitcoin if you will keep on selling it?
I mean, I know there is trading but then again, once it pops up again I bet you are going to sell all of those.
Ending to nothing and still preferring cash right?

It keeps on going on until when? I hope I did understand right.
I am seeing a buyer and also a seller but will never trust bitcoin at the end.

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Quote from: wozzek23 on February 17, 2020, 02:04:36 AM

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

This is what exactly we will be doing with fiats to double that. I know USDT is nothing new but just the crypto form of fiat so we must need to do like you have mentioned to double it. I just wonder why people are struggling to understand the use case of USDT. Before making use of any new thing, people must take time to understand for what purposes it has been introduced. Honestly I'm not having any problem in making use of USDT.

With the help of USDT, we can easily trade crypto is like how we are doing BTC/USD or BTC/EUR pairs. With USDT one of this pair will be look like BTC/USDT and nothing complex here.

This is really unfortunate, people here are not ready to understand how a stable coin is working and why it was created. I believe making use of stable coin is not a big thing because we are able to understand how trading is working and how stable coin will be an alternative to fiats. When you are having some alternative for fiats on blockchain, you can easily move them anywhere, this is the reason why we are having crypto based stable coins.

Stable coins can be used for storing your profits and I believe this is what OP be trying to emphasize here. We can store our profits into stable coin with the expectation of bitcoin to be available for cheaper prices. This may happen or may not because it is just part of trading and obviously we cannot predict the future exactly.

Thomas-s

hero member

Activity: 1274

Merit: 500

Proof-of-Stake Blockchain Network

Quote from: fuer44 on February 17, 2020, 02:19:11 AM

financially, usdt is safer than other crypto including bitcoin. as you have explained, bitcoin experiences a very extreme price movement, sometimes it is very high and then falls very deep. for investors and traders, it is a beneficial and detrimental event. while usdt is a crypto asset that tends to be stable and the value is always almost the same as the dollar.

the safest? you probably forgot about all those legal proceedings that arise around this stable coin every year. it is not a decentralized stable coin that is constantly printed in any quantity which the company wishes. if they want, then one sunny day you will be left without your money. this will not happen with bitcoin

qory

hero member

Activity: 1722

Merit: 508

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.

Dhoe

hero member

Activity: 1442

Merit: 510

Quote from: fuer44 on February 17, 2020, 02:19:11 AM

financially, usdt is safer than other crypto including bitcoin. as you have explained, bitcoin experiences a very extreme price movement, sometimes it is very high and then falls very deep. for investors and traders, it is a beneficial and detrimental event. while usdt is a crypto asset that tends to be stable and the value is always almost the same as the dollar.

Yes, I agree, USDT is suitable for investors who want to keep the value of their assets stable, without an increase or decrease in value. USDT is not suitable for trading. I personally take USDT to maintain the value of my assets so it's not fluctuate.

fuer44

sr. member

Activity: 1652

Merit: 262

financially, usdt is safer than other crypto including bitcoin. as you have explained, bitcoin experiences a very extreme price movement, sometimes it is very high and then falls very deep. for investors and traders, it is a beneficial and detrimental event. while usdt is a crypto asset that tends to be stable and the value is always almost the same as the dollar.

wozzek23

sr. member

Activity: 1568

Merit: 283

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

This is what exactly we will be doing with fiats to double that. I know USDT is nothing new but just the crypto form of fiat so we must need to do like you have mentioned to double it. I just wonder why people are struggling to understand the use case of USDT. Before making use of any new thing, people must take time to understand for what purposes it has been introduced. Honestly I'm not having any problem in making use of USDT.

With the help of USDT, we can easily trade crypto is like how we are doing BTC/USD or BTC/EUR pairs. With USDT one of this pair will be look like BTC/USDT and nothing complex here.

Rakul

newbie

Activity: 104

Merit: 0

It was nice to think of you , like you , I put all my portfolio in USDT . I'm in my portfolio I have divided 3 parts , whenever the market will be cruss buy
30% and if the market goes down and down the buy again 30% and Next did not buy again . Hold on the rest , so I can recover my loss .

sahadat

newbie

Activity: 420

Merit: 0

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

We know very well that the crypto market is much more volatile and we also know that USDT is a stable coin , So in my opinion the portfolio is better USDT . Whenever, the market goes down, buy it and sell it when the market goes up. All of these advantages are in keeping USDT .

Ararbermas

sr. member

Activity: 2016

Merit: 283

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

yes covering in USDT is the best idea to minimize losses and it's very trustworthy after all. In fact i always used it instead trading with other lending coins wherein because of being stable and in it you can always count profits no matter what happens in the market. Because it's not the same with other coin which is sometimes experiencing a massive dump and pump when there's a scenario happen in the market. . That's the advantage.!

marilyngroom

sr. member

Activity: 344

Merit: 250

When you say you get stuck with USD when trading, what exactly do you mean? Isn't that a choice?

btc_angela

hero member

Activity: 2660

Merit: 551

Quote from: dongosquad on February 16, 2020, 05:49:59 PM

Quote from: pixie85 on February 16, 2020, 04:46:05 PM

I read OP's post and I'm clueless. What was that supposed to mean?

You are afraid ovf volatility but have chosen the altcoin market which is the most volatile, but you're still calling Bitcoin volatile? I don't get it. Why is this post in the altcoin section? Because of USDt?

Another question is why USDt? It's a centralized stablecoin that was supposed to be pegged to the dollar but is not and it was all proven to be a lie. If you want stability and relative safety choose real fiat not a stablecoin.

Yes, it seems that the OP tends to be afraid of bitcoin with high volatility by giving the fact that the increase and decrease are quite extreme, so they prefer USDT with a stable price. Well, actually this is unfair to compare because USDT is a stable coin, as you explained. Another fact, even though BTC is volatile, if we are able to analyze market movements so we can determine the right timing for sell, hold, and buy then we can get a profit.

You can't blame the OP though, maybe his risk appetite is not that strong compare to me. I myself used this strategy sometimes, try to hedge my BTC to USDT when I feel that the price will go down so I guess nothing is wrong with this plan. It caters to different traders or shall I say holders. Yes we all know that USDT is very shady but it is still well known that's why traders still prefer it. And besides, personally, I just leverage for just a couple of days only.

dongosquad

full member

Activity: 588

Merit: 101

Quote from: pixie85 on February 16, 2020, 04:46:05 PM

I read OP's post and I'm clueless. What was that supposed to mean?

You are afraid ovf volatility but have chosen the altcoin market which is the most volatile, but you're still calling Bitcoin volatile? I don't get it. Why is this post in the altcoin section? Because of USDt?

Another question is why USDt? It's a centralized stablecoin that was supposed to be pegged to the dollar but is not and it was all proven to be a lie. If you want stability and relative safety choose real fiat not a stablecoin.

Yes, it seems that the OP tends to be afraid of bitcoin with high volatility by giving the fact that the increase and decrease are quite extreme, so they prefer USDT with a stable price. Well, actually this is unfair to compare because USDT is a stable coin, as you explained. Another fact, even though BTC is volatile, if we are able to analyze market movements so we can determine the right timing for sell, hold, and buy then we can get a profit.

nennanem

jr. member

Activity: 51

Merit: 1

One more reason to like USDT is that most exchanges have USDT markets. That's not the most important thing, but still.

o48o

legendary

Activity: 3038

Merit: 1166

Leading Crypto Sports Betting & Casino Platform

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

Trading alts with usdt pairs during the btc bullrun isn't wise imho. My goal is to hoard more btc, not usd. Especially when you could make more money with just holding btc then trading against alt/usdt pairs.

pixie85

hero member

Activity: 2184

Merit: 531

I read OP's post and I'm clueless. What was that supposed to mean?

You are afraid ovf volatility but have chosen the altcoin market which is the most volatile, but you're still calling Bitcoin volatile? I don't get it. Why is this post in the altcoin section? Because of USDt?

Another question is why USDt? It's a centralized stablecoin that was supposed to be pegged to the dollar but is not and it was all proven to be a lie. If you want stability and relative safety choose real fiat not a stablecoin.

gundala

full member

Activity: 896

Merit: 108

If you are afraid of sudden price changes then this is not the right room for you. Cryptocurrency is very dynamic, many of which affect price changes, even just rumors. That is why we must understand the cryptocurrency ecosystem, technical and fundamental analysis, and determine the right strategy so that we are not easily swayed and can make the right choice during a storm. Big profits, big risks, right? holding USDT is safer because the price is stable, but you can miss a good opportunity if there is a pump, but the risk is also comparable. So back to each decision, do you like the challenge or not

puertorikosena

full member

Activity: 742

Merit: 121

Of course, if you are engaged in trading and set a goal to increase the volume of your portfolio, then you need to fix your profit in dollars from time to time and buy, if possible, at a lower price. This is a very good strategy if you know what you are doing.

luckyflop

hero member

Activity: 812

Merit: 512

Quote from: Goodvalony on February 16, 2020, 08:30:58 AM

i like your courage. it will take years to achive such target but it is achiveable only if you have alternative source of income. few people here uses crypto are their primary source of income. hopefully they must trade to make such target happen. they don't have to buy and wait for long. All they need do is trade and make sales for their account to grow and then cash out.
.

I think there are many people here who see this market as their main source of income. They have a lot of experience in this market and can make a profit every day. I personally like that, I don't need to wait for altcoins or bitcoin to go down like expected prices, just fluctuations I will buy them and make a profit in a short time.

Pecunia non olet

full member

Activity: 882

Merit: 102

PayAccept - Worldwide payments accepted in seconds

You simply lost money, if you hold Bitcoin and Bitcoin is going down, you not lose anything until you sell it in loss, but when price goes up, you can sell it with profits. So why I should use USDT?

kapalmabur

sr. member

Activity: 2002

Merit: 250

Quote from: Balladtony77 on February 16, 2020, 01:24:32 AM

Bitcoin price keeps faking since last night and rumours are going around that it is a big correction, be on guide because bitcoin can hit 8k before recovery again

Yes just pray that the first support in $9700 is not broke, it would be terrible if it was missed, which is certain if you want to enter do not get too ambitious

bitgolden

legendary

Activity: 2996

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

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

Honestly, for the purpose of exactly you are mentioned, tether was created. It gives power to the traders to lock their profits against crypto's basic nature of volatility. Before the introduction of stable coin, traders are struggling to lock profits and to do short way of trading within spot markets. Now, you are able to short even in spot market with the help of tether coins.

For those people who are unable to get my point, if you are buying usdt means you are selling bitcoins and you can buy back it when it available for cheaper than your buying prices of usdt. This is actually the exact way of sorting in spot markets. Moreover, with the help of stable coins, we can move funds easily across exchanges which enables traders to go for arbitrage trading more easily within their desired time-frame. Before stablecoins, to do arbitrage trading you must wait for the exchange to process to fiat withdraw. Unlike crypto withdraw, fiat withdraw processes are know for taking more time.

nicecrypto

member

Activity: 1260

Merit: 21

Btc is very volatile and fluctuate in price a lot, because of this people seek other ways to secure that fund, trading can go both ways, sometimes you gain a lot and times you lose but if you are a good trader that understand the market properly you can easily turn to usdt before you,
If you want to increase your btc holdings it is good thing but you to be careful not to lose instead of gaining, well tether is always the right option in such situation.

Moshaid

copper member

Activity: 546

Merit: 1

I as well keeps a percentage of my portfolio in USDT, whereby once I see any of the top five cryptocurrencies on coinmarketcap dipping, I invest some option of my usdt in it and wait for a little rise sell and keep all back in my usdt. Although I have several holdings and at times my usdt helps me in the volatile market.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: TopT3ns on February 16, 2020, 08:45:34 AM

Quote from: doctor877 on February 15, 2020, 03:50:11 PM

Keeping USDT is safe to augment your trading if price dips instead of selling for loss , you will buy lower to complement the loss and make profit. This is a strategy that works.

I think USDT is a token or coin that gets direct support from the USD but the price increase and movement is very long even very stable this means if you hold it for a very long time then you get very little profit, it is better to hold another coin like bitcoin that has a chance good to be able to make a profit.

It's a good tool to work with your trading activities, holding reserve usdt so once the market falls you can use your coin to buy the dip and wait
for the bounce back and benefits. This strategy works for tenured traders, people who knows how to deal with good market strategy.
Find every reason to work with this market and maximize your profits.

TopT3ns

hero member

Activity: 2548

Merit: 572

#SWGT CERTIK Audited

Quote from: doctor877 on February 15, 2020, 03:50:11 PM

Keeping USDT is safe to augment your trading if price dips instead of selling for loss , you will buy lower to complement the loss and make profit. This is a strategy that works.

I think USDT is a token or coin that gets direct support from the USD but the price increase and movement is very long even very stable this means if you hold it for a very long time then you get very little profit, it is better to hold another coin like bitcoin that has a chance good to be able to make a profit.

Goodvalony

member

Activity: 616

Merit: 16

i like your courage. it will take years to achive such target but it is achiveable only if you have alternative source of income. few people here uses crypto are their primary source of income. hopefully they must trade to make such target happen. they don't have to buy and wait for long. All they need do is trade and make sales for their account to grow and then cash out.
.

criket

full member

Activity: 896

Merit: 100

Quote from: Balladtony77 on February 16, 2020, 01:24:32 AM

Bitcoin price keeps faking since last night and rumours are going around that it is a big correction, be on guide because bitcoin can hit 8k before recovery again

a correction did occur, but I'm not sure it will happen deeper. the market looks strong, and I am still sure that the improvement will happen soon. a decline does occur, but this is like a normal way when an update will occur.

pakhitheboss

hero member

Activity: 2156

Merit: 803

Top Crypto Casino

Cryptocurrency market is known for its volatility and that is one of main reason why Bitcoin has reached such a price point. Investing in Bitcoin is always risky. I am sure everyone knows that here. How to convert 0.5BTC to 1BTC? For that there are many ways. It depends on you which method you would like to implement.

If you think your method is more reliable and you done ample amount of research then carry on. As per me I will never do it in that manner.

Balladtony77

member

Activity: 378

Merit: 15

Bitcoin price keeps faking since last night and rumours are going around that it is a big correction, be on guide because bitcoin can hit 8k before recovery again

ufaiz50

hero member

Activity: 1666

Merit: 502

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

So you try to calm down on the usdt where the concept is stable coin and the possibility of going down won't be deep? I don't really know what you mean and whether you are comparing the volatility of the two cryptos. There are some stable coins which in my opinion are better when dealing with red market issues, and indeed if you see the concept of stable coins is a safe way to minimize losses.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

No, what it sounded like is how much USDT you would want in the future and not bitcoin.
You must learn where your real focus is.
Yes, you want 1 BTC but that is because of the value of each in USDT and not because you really want to see bitcoin until the end or where it will take you.

I am not a hypocrite, yes I want USD. I need it to live and to buy my necessities and to pay bills but once you really see where bitcoin is going then you will want to earn more. Be the beta tester of using it for merchants. Wink

Mulann2

member

Activity: 686

Merit: 35

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

Usdt is a must every crypto enthusiast should be aware of but unfortunately for me, back in 2017-2018 i have little idea about usdt, i watch my very robust portfolio shrunk to nothing, that was an eye opener, so probably some are not aware of this way of preserving funds,
I think the greed of making even more is another reason why some people don't use it, btc price is highly volatile, it is in the best interest of every crypto lovers to preserve their funds through usdt otherwise get ready for pain when the market is going down.

nomenclatur

sr. member

Activity: 1344

Merit: 250

yes, you need a little patience to buy bitcoin I suggest you should buy bitcoin when the price is so low you have to wait when prices increase trade cryptocurrency is not as easy as we imagine the loss and the profit would you get if you want to change 0.5 BTC to 1 BTC course, you must keen to see the news in the market crypto.

jerrison

full member

Activity: 1442

Merit: 106

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 ever reward, a risk was once taken. The numerous people buying into bitcoin now seem to understand a few things about the digital technological currency. yes, it is highly volatile and yes its not guaranteed what it will stand as, an asset or a store of vale but the truth is that if you can invest in bitcoin then you should also have the believe inthe technology and what it brings. but alwyas know that your investment is adviced to be with spare money so you don't get to be moved at whatever waves or tides it comes with.

cytpoway121

member

Activity: 1540

Merit: 68

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

One little challenge faced by investors or trader is the prospect factor.
Like i do reference, do not think for the future plan for it. how ?

If you want to invest in bitcoin on the long term, invest with your spare funds, forget about the btc until it reaches your targeted price.

Or, simply buy and sell bitcoin on the correspondence of trade, i.e buy bitcoin low, hold, and take profits from the pump. Then recycle and start all over.
In this process, remember to dyor.

doctor877

full member

Activity: 896

Merit: 115

Keeping USDT is safe to augment your trading if price dips instead of selling for loss , you will buy lower to complement the loss and make profit. This is a strategy that works.

nutriagrigia

sr. member

Activity: 1270

Merit: 254

Oikos.cash | Decentralized Finance on Tron

the smartest strategy and what many people in this market do not understand is that they need to increase not the amount of USDT in your portfolio, but to increase the amount of bitcoin in their portfolio. while bitcoin costs up to 15 thousand dollars this is a cheap price and while the price goes below 15 thousand dollars - look for any opportunity to increase the number of bitcoin in your portfolio

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

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

Exactly, you should hold a stable coin when there is a long bearish trend but how can we find out we are going to see a long bearish trend so we should keep on something with a constant value. What if we face opposite market movement we tend to lose the profits which are expected to make with ease.

TrevorS

sr. member

Activity: 1050

Merit: 377

That's right, everyone will choose the best time to buy or sell their assets. You are saying absolutely right things, we all need to understand that the cryptocurrency market is dynamic, which in turn simply forces us to fix our profits on time, or we will have to fix our losses in the future. It is extremely difficult to choose the right moment, because we have limited information about what affects market shifts.

Spider A4

full member

Activity: 657

Merit: 100

Quote from: rdluffy on February 15, 2020, 11:05:26 AM

Quote from: Valzador on February 15, 2020, 10:52:30 AM

This strategy is rare but quite useful, The weakness of this strategy is the uncertainty of usdt.
You will not be able to predict when your tether will be frozen, use another stable coin that is more reliable.

I've been using tether for some time and even in that period that people are afraid and investigating tether
Obviously we can't say for sure that Tether will exists forever or if people have reasons to doubt about the coin, but a simple way to use tether is for short periods of time, this is what I do and if you can read some news about criptos at least once a week you can keep safe
For long periods of time I don't think it's a good idea to hold tether

Indeed, without bitcoin which coins will guaranteed for survive in long term period, we never ensure that about future prediction. I agree tether is getting a lot of suspicious things. But big traders/whales still using this coin. USDT is dropped in several times, can not not survived 100% stable in many times.

istiak2277

member

Activity: 728

Merit: 19

KUWA.ai

Why only USDT there are other stable coins too which can be a solution for the volatile market. Just keep your balance in a stable coin and buy any coin when the time is right. But I think it's not very easy to pick the right moments. So if you keep your balance in a stable coin then you will not do any profit nor loss but as long as the main purpose of trading is making profit then keep your balance in btc is a better option.

Rodeo02

hero member

Activity: 1302

Merit: 577

avatar and signature space for rent !!!

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

-snip -

The only option he can do to make that goals is to make a short trade of BTC. his target is 1 btc while he have 0.5 as of now, you cant make it 1 BTC without trading it to fiat or in USDT.short trade is the best way to make that goal but the problem is if the price of bitcoin continue to increase and forget to buy back when the price drop then he will stock on USDT.

criket

full member

Activity: 896

Merit: 100

Quote from: rdluffy on February 15, 2020, 11:05:26 AM

Quote from: Valzador on February 15, 2020, 10:52:30 AM

This strategy is rare but quite useful, The weakness of this strategy is the uncertainty of usdt.
You will not be able to predict when your tether will be frozen, use another stable coin that is more reliable.

I've been using tether for some time and even in that period that people are afraid and investigating tether
Obviously we can't say for sure that Tether will exists forever or if people have reasons to doubt about the coin, but a simple way to use tether is for short periods of time, this is what I do and if you can read some news about criptos at least once a week you can keep safe
For long periods of time I don't think it's a good idea to hold tether

not just for USDT, but in general for crypto assets. long-term risky. especially if it is not done based on the mature analysis. USDT to date has been very helpful for me in daily trading. This asset is suitable for saving money after trading is finished because it is not afraid that its value will change much. functionally, I am very helped by USDT.

rdluffy

legendary

Activity: 2366

Merit: 1408

Quote from: Valzador on February 15, 2020, 10:52:30 AM

This strategy is rare but quite useful, The weakness of this strategy is the uncertainty of usdt.
You will not be able to predict when your tether will be frozen, use another stable coin that is more reliable.

I've been using tether for some time and even in that period that people are afraid and investigating tether
Obviously we can't say for sure that Tether will exists forever or if people have reasons to doubt about the coin, but a simple way to use tether is for short periods of time, this is what I do and if you can read some news about criptos at least once a week you can keep safe
For long periods of time I don't think it's a good idea to hold tether

Valzador

hero member

Activity: 1316

Merit: 503

This strategy is rare but quite useful, The weakness of this strategy is the uncertainty of usdt.
You will not be able to predict when your tether will be frozen, use another stable coin that is more reliable.

bttmember

member

Activity: 938

Merit: 13

AMEPAY

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.

Winscosinally

member

Activity: 490

Merit: 16

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

passwordnow

hero member

Activity: 3108

Merit: 577

Leading Crypto Sports Betting & Casino Platform

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.

patz22

full member

Activity: 1176

Merit: 104

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.

r32godzilla

hero member

Activity: 1361

Merit: 506

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. Wink

rdluffy

legendary

Activity: 2366

Merit: 1408

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

Lance203sin

jr. member

Activity: 109

Merit: 1

Its not bad option to hodl some usdt in hot wallet to make fast purchace ahead of new pump

Malam90

full member

Activity: 1099

Merit: 116

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.

killerfrost

sr. member

Activity: 1988

Merit: 254

PredX - AI-Powered Prediction Market

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

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.

bgaf

sr. member

Activity: 644

Merit: 257

Worldwide Payments Accepted in Seconds!

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.

Quote from: Samayuki on February 15, 2020, 06:00:59 AM

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.

masterrex

full member

Activity: 1820

Merit: 107

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

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.

btcdie

sr. member

Activity: 784

Merit: 251

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.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

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

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.

Samayuki

member

Activity: 574

Merit: 24

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

Tipstar

sr. member

Activity: 1932

Merit: 300

Vave.com - Crypto Casino

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.

Byakuga

member

Activity: 518

Merit: 28

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

Greatchu

member

Activity: 490

Merit: 10

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

janggernaut

legendary

Activity: 2366

Merit: 1130

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

Kvalentine

member

Activity: 504

Merit: 25

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

Topic: Why I kept USDT (Read 661 times)