Bitcoin Forum

I’m on the newer side to crypto, just want to say that first.

Tether always stays between .99 and 1.01. How, I don’t know. With it never really changing in price, why not convert your cryptos to tether to avoid losses when the market is crashing?

It is a stable coin it always stays there. There were rumours about it (that they print more usdt to make speculations-pumps) but I think they're cleaned.

So why not, if you can sense the dump you can sell to usdt and wait to buy again at the dip. However, whenever I sell something  (thinking it won't rise more) it moons. When I don't sell something it crashes. And this happens to everyone :D so don't be upset if the coin you sold makes +50% after you sell.

Sell high buy low is the point but you generally cannot do it.

Invest in tether is not a good way for profit and you can not trade tether with real dollars. Anyway, if it is tradable, the trading fee will kill traders who want to trade tether with dollars.

Tether is a coin which is stable and like as real money. the price is always 1 usd. You can buy tether when you can predict that the market may have a chance to down in near future, Then you can buy tether and hold. when the market will bottom then again you can buy more your suitable coins.thanks

The concept of Tether is to be the digital dollar but the main problem with them is that they are not transparent, if you are following the market you should know that they have produced many coins in a short period of time without any transparency or any audit, so i would stay away from them simply because of their shady behavior.

Depending on where you are, converting your coins into USDT will be a taxable event. If things don't fall as far as you expect you may wind up worse off than if you'd stayed put.

And of course there's the old potential Tether implosion too. Unlikely but anything's possible. I see absolutely no reason to use it when there are enough exchanges with real dollars.

I hedged into tether a bit... but I did so a bit earlier on.. you're on that border now at 6k where its becoming slightly more dangerous.. but it may not be a bad idea with a small percentage.  Just never hold tether for long periods of time, because at the end of the day its just another alt coin that may or may not be backed up by US Dollars in a bank account..  one peep of proven tether fud and you could be rekt from when you goto sleep to the time you wake up... so always consider that as a possiblity, even if its unlikely.

OP didn't mention anything about making profit with tether. Converting your crypto to tether is one strategy to secure your profits when the prices starts heading down like where we are now.

I don't hold any tether though i'm fine with holding my coins and it's stressful when you have to watch the price every time just to move your coins to an exchange and back.

That is an old strategic to safe the asset, and I call this "safe play". USDT is a coin that backed up by USD. No matter event happening this is still on stable price. I have an idea when market crashing, buy some T-USD (this is not tether) to get profit of satoshi and then sell when you think that enough, after that save on Tether.

The never ending issue with USDT is that they haven't offered any, or enough, proof that it is fully backed. The anecdotal evidence suggests it's likely but that's as far as it goes. It's not safe as houses. There is a risk with it.

No shit, OP doesn't even understand that tether is basically usd, he even said he doesn't know how it always stays at 1$ lmao. Of course converting crypto into fiat is a way to secure profits, it has always been it's the only way really...

The value of tether remain stable with the value of dollar that is why it is not profitable to do trade in tether but people often keep their money in tether if they feel all the coins are dropping but now as Bittrex has added US dollar to the bitcoin trade so people can shift their money to there but I also not suggest that as the market after drop suddenly start to recover and we know after the price rise and at that time if we will buy then we will lose some value in bitcoin.

Actually I always know that Tether exists in such cases, so you can just convert your currencies in crashing market, but personally never used it. And i think it is a good tool to use when you have more than 5K in crypto. if you have less than 1K it does not make that much sense to convert it, but still it would save some money.

Yes that right, in crypto trading i prefer to chooce trading pair with USDT so when market crash will be more easy to turn my money in to USDT to keep the balance from more loss. The price of crypto bearish and bullish at the sametimes so its good idea to trade in the pair USDT.

Yes if you want to avoid market volatility when market getting crashed then it is best to convert your altcoin into USDT, as it is an easy way to get profits as USDT price remain almost stable. So once you convert into tether you can again buy BTC or ETH or any other coin/token with less USDT price & when a market gets bullish then you can earn profits in large amount by selling your holdings back to USDT or real USD/fiat money. Trading in USDT give an advantage to trader over market volatility & to secure investments pegged with a tether.

I think that was made for that. As I say even before, it is like an escape pod for traders. There may be a lot of whales by now that are getting richer. Thanks to Tether.

I do not really agree with that project. It takes off the market that was done before.
They do buy altcoins to during bitcoin dump and now they wont need to.
So what happens? Bitcoin down, altcoins down. It became somehow predictable. Now they will withdraw both bitcoin and altcoin to one token named Tether. That is why it is always full.

There is a lot of speculation about Tether being a complete fraud.  The accusation is that tether doesn't have the USD to actually back up their printed tethers.  I would be careful having too much money in tether, if it implodes you will be caught with your pants down with no way out.

Do you think tether will be crashed in the market bro. I do not how you think that USDT will be reached to dumped value in the market bro. If is actually a decentralized coin and you will be not able to see the market place dump or even bump.
I want to invest on the altcoins means this coin will never be in my list. When using trading site for the safety purpose I may this coin as holding mate.

That is possible but not easy, I usually buy tether when market is going up and use them to buy coins when market is crashing.

That is possible but not easy  :), I usually buy tether when market is going up and use them to buy coins when market is crashing.
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You can use it... to trade again soon after.
Just don't hold .

You already saw that ethereum coins managed to reach $1k dollars just a few months ago this year and because of that, we can rely on ethereum that it was one of the best choice to invest today while the market prices are decreasing.

In those exchanges where there is no option for USD trading we can opt for the tether but in those exchanges where we can trade in USD we can put our money to USD when market is crashing. For example when I started my trade in bittrex then I was using tether for my parking of my capital which was for trading as at that time there was not any USD for the trade but now they added USD now I can easily put them in USD when I feel it to do.

Well it is not only tether that will make someone not to lose in crypto currency but when you convert you crypto currency to Dollars or your local currency in the time or before the crash of Bitcoin and crypto currency in general you will end up avoid losses too. Although lost in trading crypto currency is inevitable for all traders in the crypto community.

Well, maybe that a good way, but the only thing it may offer you - removing losses, but it cannot generate profit, after market restores especially.

I guess it was implied and the profits would come from the fresh opportunities and the capability of buying back the Bitcoin at a lower rate and giving it time to climb again and the process is rinsed and repeated.


Most exchanges support Tether so there's no need moving one's coins back and forth an exchange.

I thought I'm the only one noticing this thing. On the past few days that btc is dropping down, tether remains green which I (maybe you also) expected to be not because it's now normal to the market that altcoin drops too as btc drops. Another strange thing that I observed is that when I looked on the top 100 coins in the market (sorry I forgot the time and date) why tether is the only coin that goes up; I swear, even me don't believe what am I looking at but it's true.

It seems Tether is a good coin for long term investors, what do you think ???.

This step has long been done by everyone. Despite a large number of rumors and accusations this stable coin is still used by traders around the world.

Not all are familiar with thether although there are times that you doesn't really need to sell you coins just to put in tether. Im not the person who trade tether and i'd much wanted to stay in my coins and trade with USD in marginal trade.
Other than that tether for me is not so much good to trade that can also losses but it comes back when the market is good so its no safe place to put in bearish times.

Its being done by most of the traders, they always buy usdt when the market crash that is why sometimes the price of it reaches up to $1.02. You will have to make sure you aren't losing money after you buy back the coins. The trading fee is something to consider, the first time I did buy tether I lost few bucks still so always try to set up the buy order in low price that you gain more coins.

Tether has already been proved as a scam, if it crashes, the entire price of bitcoin is going to go down like  rollercoaster, so i think that buying tether is not the wiser thing to do

I think you got that mixed up and if that's exactly how you've been doing it, then you could not have been ending in profit. You buy Tether when market have reached a peak and about to reverse and use them to buy back the coins after the market is done crashing.

Instead of cashing your tokens as a result of market being red, you just buy tether. As soon as it starts to get up, you can resell your tether and buy your coins back. I have not seen tether going down or above 10% before, and is a good coin for hedging when the market is not favorable.

With the way the general public perceives tether right now, I don't think it would be a good idea to convert your assets in Tether if you can just bear the losses and possibly survive the crash in the end. Tether is a actually a good idea for safeguarding your cryptoassets when it's tanking down, but with the amount of accusations and negative light being thrown at it, I don't think it would take long for the government to take some action and put the said token under the federal microscope. You can buy tether whenever you feel unsafe for your cryptoassets, yes, but as soon as you got the chance to buy back in cheaper, take the opportunity and use USDT as little as possible.

In my opinion, don't buy tether when the market is crashed because the price of tether will be costed more. If you want to invest more, just buy bitcoin or eth directly, the price will be better.

the problem with tether is that it is more than inflated at the moment, it can easily crash in a few months from rnow because we alll know t he huge lie that is behind tether + bitfinex right now.

If you have an iron ball then HOLD the coins you have, in 3 to 5 years it should go up. If you are a clever person you can just hedge your investments in crypto into USDT. Then try to imagine if Bitcoin suddenly crashed to $3k, then you can easily buy them using the money you hedge in USD. In that way when Bitcoin bounce back to $7k then you got a 2x profit.

I don't think the huge volume of daily trades in USDT across exchanges agree with your scam accusation and the price of Tether is pegged to $1 and not Bitcoin. How is the entire price of Bitcoin going to go down like rollercoaster should Tether crash?

Convert your cryptos into tether, this is just like keeping your money in the bank. It will die because you do not get any profit. Cryptos yields better returns if we know how to use it.

Don't you mean sell whatever coin your have for tether when market is down?

Tether is the most altcoin that is being used when the market is down. The platform says it is equal to US Dollar and backed with fiat currency but as of now, they were unable to release any proofs. I rarely used USDT but it actually is helpful to cut your losses when the market is down.

there are some facts that the head of the company Tether, is also the head of  Bitfinex - Jan Louis Van Der Velde. The post of one of the directors of both companies is occupied by Phil Potter. And the financial director of Bitfinex, Giancarlo Devasini, at the same time is co-owner of Tether.
So, they can manipulate movements, volumes etc...

Not when the market is already down or you would be losing doubly! The step is to be able to spot when the party is over for a bullish run, meaning market is set to reverse. That's the ideal time to sell your coin for Tether, which you would now hold until the reversal is spent.

They recently released some sort of proof that they actually are a 1:1 to USD. It was still a sketchy proof but better than nothing. ''Tether Finally Conducts Third-Party Audit, But Not by an Audit Firm''

https://www.financemagnates.com/cryptocurrency/news/tether-finally-conducts-third-party-audit-not-audit-firm/

This is the most enlightening thing published regarding Tether recently - https://blog.kraken.com/post/1664/on-tether-journalists-defy-logic-raising-red-flags/

'USDT supply increase seems reasonable given our own fiat deposits

We looked at our own inflows of fiat currency (deposits) between January 2017 and April 2018 and compared them to new USDT issuance. While our cumulative deposits are several multiples of the amount of USDT issued, we found a positive correlation of 0.78x with R^2 of 61%. Given that USDT has been sold through several high volume exchanges during this time period, we have no reason to believe that the token supply is artificially inflated.'


Kraken's the only direct USD/USDT exchange as far as I know so they're certainly invested in making sure it's not a load of bollocks.

I don't trust tether much to keep tetther for longer time by use it because only that way i can
avoid or cut loses other choice is trust coin what is also 1-1 to dollar

and I kept looking at tether all the time to use usdt as an alternative resource for storing my funds. But only a lot of bad information and negative questions around this project.

When market is crashing one of the options is short trading. Buying Tether is also optional if You have enough confidence in it.
There were some audits lately by a law firm and according to them it is safe.

Yes optional, and a practical way too to park your digital money. Tether is quite stable, and effects could be minimal. You can return to trading when market recovers. But sometimes its temporary because crypto market moves in a faster way,thats why short trading is also okay.

I have been implementing that strategy. It was quite effective for me but now the market is volatile, I can not make much profit for myself. I think there are many investors trading that everyday. But the disadvantage of using USDT is that the transaction is very slow. I used to switch from USDT to cash but it took more than 3 hours.

You'll just convert some and not all but still not a good idea because you're like selling at loss and it can't change the value of your coin. However, what I do is I convert it to tether when the price had pump and when it dump I use tether to buy back. Which is more likely effective to me so far.

That is not easy when you trade on pair altcoin with BTC/ETH, but this is can be more easy if you trade crypto with pair USDT and always use stop loss and trailing stop.  Besides USDT,  other stable crypto is TUSD and DAI,  both is good option to buy when the market crash to avoided big loss.

Price of tether remains same only bcoz it is not a coin work on speculation , it is backed by USD as per company . so basically it is USD on blockchain .
Buying tether is same as buying USD or converting to USD .
If you think dip is incoming then converting coins to tether is easy and fast option to buy back same coins in dip . there is one more option that is TUSD . but when TUSD was listed on Binance many people bought it thinking normal coin and price pumped to 1.16 USD so such things should be checked properly .

Tether is a smart solution for investors when the market is in crisis. It is converted equal your money or a little difference is negligible. TrueUSD is also a smart option, it does not pump the price, but because it is a new currency that makes people change so much that price increases.

Yes, the tether can help in overcoming the storm. But when you are sure that the market is crumbling - you need to make shorts and make money on this, this is an ideal situation.

tether can be used as a way to always protect our assets. we know that tether currently has a stable price of any coin, so buying a tether is a good choice to store assets

The problem is many altcoin has trading pair with BTC and will be too late to sell BTC to USDT because we should make analysis the price of BTC as well, i think for now which the price of BTC in the bottom is good to trade altcoin with BTC so we can increase the amount of BTC and we will make another profit when BTC going up, and when BTC all the times high we have to sell it to USDT or fiat.

Thats not bad idea at all,going into tether with ETH/BTC,when you see some big dump is starting.But you have to react on time and and buy back again ETH/BTC when it dips enough.I personally started with that few weeks ago,during these big ETH dumps,so far i profited from that a bit ,but im still learning.