Print Page - Stablecoins (USDT, Tether, TrueUSD ect..)

Does anyone here use stable coins to there advantage?
I mean its really a life saver! You buy a coin, the coin raises 25%, You sell the coin for Tether, If you repeat this 4 times, you now have 100% profit!

What do you guys think about stable USD coins? Does anyone here do this same method im doing? :)

Quote from: Queen_Amber on February 10, 2019, 09:27:07 AM

I mean its really a life saver! You buy a coin, the coin raises 25%, You sell the coin for Tether, If you repeat this 4 times, you now have 100% profit!

it is not these coins that give you profit, it is that altcoins pump that gives you profit. also it is about your trading skills, if you are good at trading then you can make profit regardless of using these stable coins.

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What do you guys think about stable USD coins? Does anyone here do this same method im doing? :)

you aren't talking about any "method".
but yeah, people are using stable coins. the correct way of using them is:
- to temporarily switch to them whenever market is dumping and you want to stay out for a short time. otherwise you MUST go back to fiat.
- to transfer fiat value between exchanges.

Stable coin is very usefull for trading pair with others crypto that has high fluctuacion, because we will more easy to calculate profit and loss than trading pair altcoin with BTC or ETH. Personally i prefer to trade crypto with pair stable coin, and currently alot of different stable coin was listed and tradeable on the many exchange. When all crypto crash, only by move to stable coin we can avoid loss. Just like trade on stocks market that always have pairing with fiat, so this is make easy to know we get profit or loss.

Quote from: wayaneka on February 10, 2019, 09:45:05 AM

Thank you! Wonderful comment :)

Quote from: Queen_Amber on February 10, 2019, 09:27:07 AM

Yeah, yeah, and you can do vice versa as well. Actually stablecoins are very useful concept, because it allows to avoid margin trading and do shorts by converting any crypto to stablecoin and waiting for lower price. But there is nothing new and it looks like your post is kinda insight, but it's not. It's just the basic concept. The main feature is how to trade, where to enter, where to exit. These things matter.

Quote from: DanWalker on February 10, 2019, 11:45:24 AM

Quote from: Queen_Amber on February 10, 2019, 09:27:07 AM

Ok ok jeez thanks mr grumpy lol

Honestly I think it's a concept that people tend to understand 1:1 easier in their minds. The thing that people don't realize is that fiat is just as volatile and we need a currency that helps with dealing with not only remains stable but does so over time. I've been looking into an elastic supply policy from ampleforth which changes the amount of amples according to demand. They will always remain as 1 ample and not lose its value overtime.

Quote from: Queen_Amber on February 10, 2019, 09:27:07 AM

Well, that is trading. You buy with the lower price, and sell for the higher price.
Stable cryptocurrency like USDT is created to make crypto users easier to using cryptocurrency in trading, investing or buying something.
To make a stable currency, you need something backed on it, like USDT, it is backed by real USD money in their bank account.

Quote from: hakertajniak on February 15, 2019, 02:59:37 AM

AFAIK, those coins aren't stable, when you say stable the price will remain and it has not fluctuated. I think they are maintaining their price range and swinging when the price of bitcoin spike up or dragging to down. Well, maybe they are created just for trading and you have an option to diversify your coins when you've seen that the price was down and use in making a profit as well.

Quote from: Queen_Amber on February 10, 2019, 09:27:07 AM

That's basically purpose of Stable coins, to save crypto users from high volatility of crypto markets.

Quote from: libert19 on February 15, 2019, 03:33:12 AM

Quote from: Queen_Amber on February 10, 2019, 09:27:07 AM

That's basically purpose of Stable coins, to save crypto users from high volatility of crypto markets.

That's the idea, and if you use that out from its purpose your conclusion will be good, keep repeating the cycle and make a winning position and
the rest will all be good for you, as stable coin will vary with current crypto value, most of traders to used to play with this are gaining with their
skills, it's just have to be well understand.

I agree with you with high volatility if traders understand how to work with this type of coins.

Quote from: libert19 on February 15, 2019, 03:33:12 AM

Quote from: Queen_Amber on February 10, 2019, 09:27:07 AM

That's basically purpose of Stable coins, to save crypto users from high volatility of crypto markets.

That's indeed, the only best way to avoid the volatility, remember about the fact that if you are keeping your amount or profit in the altcoin form and when it gets dumped and you can lose your profit too but this will not happen if we are saving it on the stable crypto.

Quote from: Queen_Amber on February 10, 2019, 09:27:07 AM

Actually there is, I am a trader and I utilize stable coins in order to ensure and keep my investment in a good shape, when the market is going down for my base currency, I buy stable coins.

Quote from: Queen_Amber on February 10, 2019, 11:15:30 AM

Quote from: wayaneka on February 10, 2019, 09:45:05 AM

Thank you! Wonderful comment :)

one important thing that they tell you is that stable coins are not guaranteed to be stable. for example USDT (tether) which is the biggest one of them all has had big drops in the past which means if you tried to hold it to escape altcoin dumps you could have lost money holding these tokens instead.
not to mention that they are risky because they can drop to zero in an instant. the chances are low but they exist and you should not ignore them.

Stable coins - a very useful concept, secured by local currency, help to avoid margin trading. Making short transactions, we convert to these coins in anticipation of an attractive price. With the help of stable coins, we avoid losses, while most cryptocurrencies continue to lose value.

We recently conducted an interview with Kory Hoang of USDS / Stably where he explained his motivation to create Stably, why he decided to move his team ouf of Seattle to Vietnam in the times of the Coronavirus and some wartales from the "great Stablecoin wars" which unfolded in 2018/2019 :)

Quote from: Kory Hoang

As a crypto trader in 2017, I was always looking for an alternative stablecoin to use instead of Tether. Although it was commonly used by pretty much everyone, Tether had too much shady business going on for me to have confidence holding USDT. I remember searching tirelessly for another reputable USD-backed stablecoin to use and I couldn’t find any; there were only decentralized stablecoins like BitUSD and NuBits which to me are inorganic and much riskier than even USDT. It was then that I realized there’s a huge stablecoin opportunity in the market, when I had $50-100k of BTC that I needed to sell into something other than USDT and there was literally nothing available. If I, a small retail trader, had that problem then there must also be millions and billions of dollars more having the same issue.

https://news.bitcoinvn.io/wp-content/uploads/2020/04/interview-kory-hoang-stably-696x452.jpg

Quote from: Queen_Amber on February 10, 2019, 09:27:07 AM

Volatility of the crypto space is one of the reasons or better still the main reason why stablecoins were created. With stablecoins, people or rather mostly traders don't bother about bear markets, thus since it is stable, it means it doesn't grow in value neither does it drop in value. Also, a good number of people trade most coins against stablecoins pairs therefore any profit they make is in stable value. So basically, what you are doing is trading against USDT pairs, and most people do it as well.

It is not that simple and also it is highly risky strategy, you can left out when parabolic run starts plus in my opinion this strategy will not work on low volume coins and also manipulative pump and dump coins, it can only work in long term range trading coins and also with good volume and liquidity round the clock.

Stable coins is useful for traders. I also trading with Usdt pair. But There have advantage and disadvantaged. Suppose, i buy a coin and sold it with usdt. If this coin dump then i can buy more and get profit. However if this coin is pump after sell then this is sad for me.

Quote from: Queen_Amber on February 10, 2019, 09:27:07 AM

Exactly for this reason why stablecoins were invented. Just a replacement for fiats. No need to assume the above process of trading as an all new thing. Traders are doing the same for years but with fiats. Now, you got stablecoins to do the same to achieve your goal of 100% profits. The other applications of having stable coins is you can move fiats everywhere on blockchain; yes, stablecoins are nothing but blockchain version of fiats.

This the reason tether corporation is having multiple platform based tether versions. This will cover all type of users to enjoy the same benefits but with their own preferred platform. I also read some governments may ban stablecoins as it may help people in money laundering. But, not sure what is going to happen. So, being cautious will help anyone.

Quote from: Queen_Amber on February 10, 2019, 09:27:07 AM

Instead of saying life saver, just term it as a profit / capital saver.
I see stable coins tether or tusd as alternatives fiats; you keep your money in usdt or tusd if you are awaiting a trade to get in, because neutrally, when theres a dip, local conversions to usdt gets very high, but usdt or tusd saves you.

Trading with stable coins is also good, but you need a balanced strategies to always earn from it.

Did you know how many new Tethers were printed (probably from air)? They added more than 2.5 billions USDT into a circulation supply in the last few months. USDC added 235 millions USDC into the supply. Be careful, someone would like to push the Bitcoin up with free money ::).

Quote from: timmmers on May 02, 2020, 08:39:50 PM

And when you did see 25% growth on stablecoin? Why someone would pay you 25% fee for a buying stablecoin? It doesn´t make a sense, same it doesn´t make a sense why would someone sell it below the price... ;)

25% price change of stable coin is really large. I don't know how the OP came up to that percentage. But if you are talking about stable coin, the price difference from one exchange to another is very minimal, because that's the reason why it is called stable coin, it should not deviate so much from where it is based upon like USD. Have you seen USD change its price 25% within 24 hrs? I don't think so.

Quote from: Queen_Amber on February 10, 2019, 09:27:07 AM

Top to USD pair always profitable when market I keep rolling to up. Although your calculate is easy to do but this situation could come in year, 100% profits could take 4 years.Although 25% instant positive means, market is heading to bullrun. Right decision will be make you to hold your favorite Coin.

Stable coins are the real gold in crypto if you know how ti swing them according to the market situation. It's faster than converting your crypto assets into fiat & vice versa when you need to trade cryptos again.
Stable coins should be having a good part of your portfolio if you're a daily, swing trader, this market is volatile enough that needs your money ready for trading at any moment, so yeah Stable coin are your best friend in crypto.

Quote from: Queen_Amber on February 10, 2019, 09:27:07 AM

This is exactly how they profit from the difference in the rates of cryptocurrencies, especially now, during the instability of the markets, it is necessary, at the earliest opportunity, to fix the income in dollar equivalent in USD coins.

Quote from: Chrisadidal on May 07, 2020, 04:41:06 PM

This is one of my favorite strategies. I use USDT frequently, mostly for hodling when I'm not sure whether I'll be able to track the rates in the near future or not. So when I'm not going to keep an eye on the market I send some crypto to stable coins. The second option of using is the one you mentioned. I'm trying to grab added % to the innitial price by buying stable on the highs and selling on the lows.

Are you not going to experience a loss by buying stable at the highest position and selling at the lowest position? because whose name is stable coins rise and fall prices are not too far from the basic price on the market.

Quote from: Queen_Amber on February 10, 2019, 09:27:07 AM

To me it is, when the market is crumbling I use one out of the above mentioned stablecoin to preserve the value of my little investment, it is a life saver, this is what I didn't know back in 2017, when the market was going down I still left all my coins/tokens without exchanging them for stablecoin and they all went so low I couldn't believe it, but now that I know the importance if stablecoin I use it all the time.

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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Queen_Amber on February 10, 2019, 09:27:07 AM