Why you need to have spare USDT in this bullrun. - page 2.

f71nyJ

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Quote from: electronicash on March 26, 2024, 03:27:56 PM

Quote from: f71nyJ on March 26, 2024, 11:15:45 AM

Quote from: electronicash on March 25, 2024, 02:56:03 PM

Quote from: f71nyJ on March 25, 2024, 09:26:54 AM

I usually do ZSD on the side after taking profits. I only go to USDT when I really need to. Can't let Uncle Sam know that I made $$$ off of crypto.

once you cash out and your wallet is identified by one exchange then it's no use hiding from your Uncle. surrender and pledge your soul. Roll Eyes

any activity can't escape the eyes of Sauron.

USDT is still useful when you are trading all the time and you will trade because it's always profitable when you see the price is already about to dive, you will not forgive yourself when you resist converting to usdt.

I don't use exchanges that require any info & only cash out in privacy coins (ZSD, Zephyr, XMR). That's why my Uncle hates them because it makes me invisible & precious. Tether is extremely useful when swapping around inside an exchange. Especially when a coin hits an ATH and I want to sit on the sidelines to see if it drops so I can buy back in.

how is the money sent to you?
p2p as far as i know makes you visible to them when the funds are sent to your bank account. i'm curious to know how if i have some usdt on the exchange and i don't wanna use the exchange p2p, how do i do it?

my country supports fiat wallets but this also can be linked to crypto exchanges where we sell these coins. and the part where we can't escape doing this is that exchanges are soon going to be banned.

There are many ways to cash out. p2p like localmonero. Prepaid credit card. Use the crypto to purchase items or services. Or just get a hardware wallet and keep it as USDT. I don't really think banks or fiat are really that necessary. Most people just use it because it's convenient...but there's always Sauron <(|)>

electronicash

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Quote from: f71nyJ on March 26, 2024, 11:15:45 AM

Quote from: electronicash on March 25, 2024, 02:56:03 PM

Quote from: f71nyJ on March 25, 2024, 09:26:54 AM

I usually do ZSD on the side after taking profits. I only go to USDT when I really need to. Can't let Uncle Sam know that I made $$$ off of crypto.

once you cash out and your wallet is identified by one exchange then it's no use hiding from your Uncle. surrender and pledge your soul. Roll Eyes

any activity can't escape the eyes of Sauron.

USDT is still useful when you are trading all the time and you will trade because it's always profitable when you see the price is already about to dive, you will not forgive yourself when you resist converting to usdt.

I don't use exchanges that require any info & only cash out in privacy coins (ZSD, Zephyr, XMR). That's why my Uncle hates them because it makes me invisible & precious. Tether is extremely useful when swapping around inside an exchange. Especially when a coin hits an ATH and I want to sit on the sidelines to see if it drops so I can buy back in.

how is the money sent to you?
p2p as far as i know makes you visible to them when the funds are sent to your bank account. i'm curious to know how if i have some usdt on the exchange and i don't wanna use the exchange p2p, how do i do it?

my country supports fiat wallets but this also can be linked to crypto exchanges where we sell these coins. and the part where we can't escape doing this is that exchanges are soon going to be banned.

f71nyJ

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Quote from: electronicash on March 25, 2024, 02:56:03 PM

Quote from: f71nyJ on March 25, 2024, 09:26:54 AM

I usually do ZSD on the side after taking profits. I only go to USDT when I really need to. Can't let Uncle Sam know that I made $$$ off of crypto.

once you cash out and your wallet is identified by one exchange then it's no use hiding from your Uncle. surrender and pledge your soul. Roll Eyes

any activity can't escape the eyes of Sauron.

USDT is still useful when you are trading all the time and you will trade because it's always profitable when you see the price is already about to dive, you will not forgive yourself when you resist converting to usdt.

I don't use exchanges that require any info & only cash out in privacy coins (ZSD, Zephyr, XMR). That's why my Uncle hates them because it makes me invisible & precious. Tether is extremely useful when swapping around inside an exchange. Especially when a coin hits an ATH and I want to sit on the sidelines to see if it drops so I can buy back in.

sana54210

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Quote from: niall51 on March 20, 2024, 12:21:24 PM

It's true that we have to set aside our money to invest in this bull run because this opportunity only comes once every 4 years, maybe once a generation because the cycle times are very different, so maximize the bull run to get lots of profits in this bull run.

I do believe that we should invest, but we should not set our money aside, because we should invest right away and not put any into USDT. I do not get people who want to keep their money at USDT during this period, because it doesn't make sense to me since it is not something that we could go with, it doesn't really benefit anyone.

If we keep considering that as the only option then we are going to end up with something that goes against everything we believe in. I believe that we are going to make something change, and for that to happen we need to end up doing as well as we can. We can't really end up making something bigger, but we need to focus on how we could get better with it overtime, that's the most important part.

tygeade

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Quote from: LogitechMouse on March 25, 2024, 11:26:04 AM

being an early bird on a particular project is very rewarding, but at the same time, it also has the highest risk of all the projects that you can invest your money with. Sure you can 5x or 10x your money investing into some new projects, but what are the chances of you getting that huge reward? Also, do you expect meme coins like BOME to pump up in price before it happened a few weeks ago? Can I also ask if you are watching a particular meme coin that has a low market cap currently, and has a potential to go up in price?

Spotting which coins will pump up in price before it happens is a hard thing to do, and there's a high chance that you might lose tons of money before getting a huge profit. TBH, I'm keeping some USDT currently, but not for the reason you shared. I'm keeping USDT because I believe that we will see a market correction after the halving event happens. Will I invest in new projects? No, but I will invest into lower market cap coins, possible those at below top 100 in terms of market cap.

Investing into meme coins especially those new ones aren't bad, but don't expect too much in terms of profit, and always be ready for the worst.

Even if the idea is to have some USDT in order to invest into something quickly when you see a good potential then it becomes something inevitable to do a bigger deal. So we should consider the fact that we need to end up buying something that may actually go up, but why would we wait at USDT for that? What's wrong with waiting at bitcoin during that period?

If you really think that we could actually come up with something that will grow big, then we should probably consider holding bitcoin and when bitcoin goes up we profit and that's great, and in the end we are going to end up with a greater profit making mechanism. We could definitely see something growing bigger with time, and then we could sell our bitcoin and buy that project.

Wysi

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Quote from: albon on March 18, 2024, 04:24:04 PM

What is strange about this market trend is that the market cap of many meme coins has become more significant than that of solid projects interested in technology. You can check currencies such as BOME, PEPE, and FLOKI, which have achieved billions of dollars now.
This indicates the extreme greed of investors who invest in coins without real projects or well-known teams, all for the sake of quick riches driven by the hype of these coins generated by their communities.

It is worth noting that there is great difficulty in being one of the first investors in these meme coins before they are listed on exchange platforms. After great luck, you are required to research Intense, and of course, the matter is not without great risk, as it is possible to easily fall victim to the RugPulls and lose your capital, as there are no guarantees. Indeed, whoever wants to take risks should hold stablecoins such as USDT or USDC to buy during sharp dips. It is a mistake to enter his capital at once at a certain price level.

I Completely agree with your point big Giants are Just making tons of money with this bloody Meme's, In every bullrun there are few meme coins which are targeted to pump literally they Increase the Market cap and they create the greed to retail Investors and they start to Jump in Running market I feel like they plan to temp the retail Investors to buy more well this cause a stir if the market drops eventually.

And yes I want to say something about this community members especially this network marketing guys, trust me even if this is a shit coin they will compare it with bitcoin and they will make you feel like you are Inching towards millionaires list. Hahahaha because I was one among those Grin

USDT OR USDC are they are like life savior its always good to have these in our basket. Holding stable asset is 1000 times better than holding high volatile coins. because this is the one which helps us to average our holdings and give us some good returns during the dip.

JeffBrad12

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Quote from: peter0425 on March 25, 2024, 10:50:47 PM

Quote from: niall51 on March 20, 2024, 12:21:24 PM

It's true that we have to set aside our money to invest in this bull run because this opportunity only comes once every 4 years, maybe once a generation because the cycle times are very different, so maximize the bull run to get lots of profits in this bull run.

that is if we have enough capital to keep buying because we knew that many of us have already invested our money in this market so having spare will be hard to do , but good for all of us that in 4 years there is an opportunity to profit so invest and should have always spare USDT on hand.

i believe if someone has that plan in mind which is keeping enough USDT to invest, then they are probably already been doing so since when bitcoin was below $40,000 buying around all time high might a bit too risky of an investment for me personally but i also believe that some people are willing to invest right now because they are late and they still see potential with these tokens.
that is why even right now the trading volume is still as massive as ever or even increased, some people are still trying to invest in bitcoin, heck even the big fund investment companies are doing exactly the same thing it seemed that the dream of reaching $100k is not too far fetched in my opinion.
but i do agree that having spare USDT might do good like for example when the price dipping usually the recovery happens within short amount of time and thats good opportunity to buy and make profits.

Natsuu

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Quote from: Iamcrypticguy on March 16, 2024, 04:41:21 PM

Quote from: TheVeteranAngel on March 16, 2024, 02:33:55 PM

Quote from: tabas on March 16, 2024, 04:25:51 AM

If you're a spot trader then you truly need to have some stable coins prepared for you to buy those altcoins that you have spotted. As for these new projects that are being released in market, it's true that they're being the center of the attraction lately because every investor thinks that the earliest that you can get, the better opportunity and return of investment that you'll get. And as you've mentioned that BOME, I've just noticed it and Binance is also going to list it but not with spot but with perpetuals so, I guess that the exchanges aren't also missing the whole point of these newly released memecoins in the market. For that specific memecoin that's newly released, I've seen that it's listed on many centralized exchanges already.

Binance listing BOME in there derivative market is a big plus to the token so there is still a lot to expect from the token in the future. Though the price is retracing after the bullish move. Unfortunately, I didn't buy it when it was listed on Bitget. A couple of my friends who got in early made easy 7× of their investment.

More like 8X. I think you should look at retracements and check the volume..rn the volume is exceptional on the platform you mentioned. so bid on retracements but use DCA...As always NFA .

Yes that too is one of the downside when your buying capacity is limited to the platform you are using. Most coins especially newly released ones were not listed on most exchanges. Not unless it's already done the initial pump, then it can get a chance to be enlisted to other platforms, that could also be a catalyst for another rally higher because of its availability.

Since you may entered on the top, then don't sell your position in a loss. Instead, DCA and wait for another rally especially right now that Alt season is not even started yet. Patience and research is the key.

peter0425

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Quote from: niall51 on March 20, 2024, 12:21:24 PM

It's true that we have to set aside our money to invest in this bull run because this opportunity only comes once every 4 years, maybe once a generation because the cycle times are very different, so maximize the bull run to get lots of profits in this bull run.

that is if we have enough capital to keep buying because we knew that many of us have already invested our money in this market so having spare will be hard to do , but good for all of us that in 4 years there is an opportunity to profit so invest and should have always spare USDT on hand.

GreatArkansas

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Quote from: TheVeteranAngel on March 15, 2024, 07:38:55 PM

(....)
With the realization of what appeared to be dream, it looks like some new projects could be the centre of attraction in this coming bullrun as investors are looking for ways to maximize profits by being among the early birds in a particular project hence the reason you need to have some USDT kept aside to take advantage of this evolving new projects. What are your thoughts about this? Let's discuss.

I agree with this, I always have reserved stablecoins.
Some are also from other investments I already partially took profits from or already exited then converted to stablecoin and reserved for the next entry, it is just rotating my funds.
But some of my stablecoins are already converted to fiat just for taking profits purpose.

irhact

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Quote from: TheVeteranAngel on March 15, 2024, 07:38:55 PM

With the realization of what appeared to be dream, it looks like some new projects could be the centre of attraction in this coming bullrun as investors are looking for ways to maximize profits by being among the early birds in a particular project hence the reason you need to have some USDT kept aside to take advantage of this evolving new projects. What are your thoughts about this? Let's discuss.

Did you considered what would had happened if the money you invested into the memecoins got lost as the memecoin didn't become popular and it did a rug pull. When we invest in memecoin and make profits, we're just lucky and not an investment expert to start giving investment steps as just having usdt in your wallet isn't all you need as you can misuse the usdt and lose them all. Investing in the right project is the best investment steps we should be taking in the bull market.

You can invest all your Usdt in a good project and you won't need to have spare Usdt to be chasing after memecoin. The bull market comes with a lot of opportunity but knowing how to spot the opportunity before it becomes popular is a skills we have to develop so we can become very successful investors. Having usdt can help you when the market dumps so you can buy more of coins that you're observing.

terrific

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Quote from: electronicash on March 25, 2024, 02:56:03 PM

USDT is still useful when you are trading all the time and you will trade because it's always profitable when you see the price is already about to dive, you will not forgive yourself when you resist converting to usdt.

That's right, when you are also going to buy some in the dip. It is best to have some USDT so you're going to buy when the price are under. If you're not going to have it and you are doing it with a transfer from another altcoin then it can be hectic to you because the value might have a huge difference when you do it not directly with usdt.

electronicash

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Quote from: f71nyJ on March 25, 2024, 09:26:54 AM

I usually do ZSD on the side after taking profits. I only go to USDT when I really need to. Can't let Uncle Sam know that I made $$$ off of crypto.

once you cash out and your wallet is identified by one exchange then it's no use hiding from your Uncle. surrender and pledge your soul. Roll Eyes

any activity can't escape the eyes of Sauron.

USDT is still useful when you are trading all the time and you will trade because it's always profitable when you see the price is already about to dive, you will not forgive yourself when you resist converting to usdt.

LogitechMouse

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Quote from: TheVeteranAngel on March 15, 2024, 07:38:55 PM

~
With the realization of what appeared to be dream, it looks like some new projects could be the centre of attraction in this coming bullrun as investors are looking for ways to maximize profits by being among the early birds in a particular project hence the reason you need to have some USDT kept aside to take advantage of this evolving new projects. What are your thoughts about this? Let's discuss.

Well, being an early bird on a particular project is very rewarding, but at the same time, it also has the highest risk of all the projects that you can invest your money with. Sure you can 5x or 10x your money investing into some new projects, but what are the chances of you getting that huge reward? Also, do you expect meme coins like BOME to pump up in price before it happened a few weeks ago? Can I also ask if you are watching a particular meme coin that has a low market cap currently, and has a potential to go up in price?

Spotting which coins will pump up in price before it happens is a hard thing to do, and there's a high chance that you might lose tons of money before getting a huge profit. TBH, I'm keeping some USDT currently, but not for the reason you shared. I'm keeping USDT because I believe that we will see a market correction after the halving event happens. Will I invest in new projects? No, but I will invest into lower market cap coins, possible those at below top 100 in terms of market cap.

Investing into meme coins especially those new ones aren't bad, but don't expect too much in terms of profit, and always be ready for the worst.

f71nyJ

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I usually do ZSD on the side after taking profits. I only go to USDT when I really need to. Can't let Uncle Sam know that I made $$$ off of crypto.

kamvreto

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It would be great to have USDT reserves now. start buying gradually when prices start to fall and it will be a pretty good investment. I also do management and hold spare cash to buy in stages when the crypto market crashes. The next bullrun will arrive soon so you have to buy some assets to hold until the next bullrun arrives. Buying assets such as Bitcoin and ETH is recommended.

devil-soul

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All more or less expert traders exit at the end of the day in stablecoin/usdt to preserve their daily earnings, the same thing should be done by investors having a capital base of constant/invariable value such as usdt so as to be able to orient themselves more easily with the investments

makishart

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Quote from: Volimack on March 19, 2024, 07:19:26 PM

It may be better to keep USDT separate as the market is in ups and downs so it will be easier to hold even if the value of a good currency falls. Having a backup can easily solve the problem. But the projects that you mentioned about investing in these projects do not see much demand in the market so it is better not to focus on investing in these currencies at the initial stage. There are many good projects proceed with caution.

It was bad idea idea to keep USDT during the bullish season since market continously grows up and our money will stuck but keeping a few percents is good tough. I prefer to hold tokens rather than USDT caused by this is very beneficial for my portoflio. Having USDTis good although your money will never grow, and it is pointless to keep it in cryptocurrency. If you'd rather keep fiat money, withdraw it and use it as actual cash. There will be no benefit in keeping it. It is better to invest after the market has experienced a flash crash.

The fact that you are holding USDT is the worst thing I've ever seen. USDT can be used as emergency funds to help you purchase tokens at a low price. We can always try to take a risk if we believe it will be profitable. People used USDT as a way to ensure they had emergency funds that could be used to purchase tokens when the market was dumping so hard.
We will use holdt tokens instead of stable tokens. Having a few percent as an emergency savings goal is beneficial. The OP did the right thing by using his USDT to buy the altcoins.

deathcode

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Quote from: TheVeteranAngel on March 15, 2024, 07:38:55 PM

With the realization of what appeared to be dream, it looks like some new projects could be the centre of attraction in this coming bullrun as investors are looking for ways to maximize profits by being among the early birds in a particular project hence the reason you need to have some USDT kept aside to take advantage of this evolving new projects. What are your thoughts about this? Let's discuss.

you will not know whether the token can continue to grow in the market or will soon be destroyed. At least projects are listed on the exchange and can be traded, but remember that following the hype could be very bad for you. especially with memecoin, it's very risky.
It's true that if you don't take risks, you will never make a profit. but minimize your risk as best as possible. don't be too greedy looking at new assets with pumps of thousands of percent.

Bournesparks

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Quote from: Bureau on March 19, 2024, 01:01:20 AM

There was a time before 2021 when everyone was heavily investing projects that had utility. After 2021 things have changed a lot where meme coins that doesn't have any utility is preferred investment. In the current market these coins have given more than 10 x returns in a single day. I haven't seen such craze back in 2021 like now on these coins. A lot of new meme coins are now using Solana blockchain due to less fee and most of them are making big waves. As an investor if anyone wants to grab this opportunity then you will need to have USDT parked on an exchange to buy them before a big listing.

True. That's the strategy I use and it's working..

✅I've got spare USDT on platform that introduce memecoins trading early like Bitget
✅ Ape in before it goes mainstream
✅Take profits and repeat the circle..

I've done this with $SLERF, $BOME ,$BENDOG, and now I'm in $TOAD..

Topic: Why you need to have spare USDT in this bullrun. - page 2. (Read 619 times)