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Im looking into the stablecoin option and by reading ur thread mk4, tether doesnt seem completley safe, if it is like the tread implies that the founders of the currency can opt to freeze any funds invested into it at any point and just leave us hanging? Especially if they do so when u deposit ur funds into a wallet. It seem like the better option thou compared to leaving it on an exchange.
Your choices are probably down to:
1. Holding Tether(USDT). While this is an option, I wouldn't suggest holding it for more than a day. https://bitcointalk.org/index.php?topic=5204055
2. If you're solely planning on day trading for profit and to not hold BTC in the long term, I'd probably go with trading platforms like eToro. Unfortunately, as far as I know you can't deposit BTC. You're pretty much going to start out with your local currency, and it will be converted into USD after you deposit.
1. Holding Tether(USDT). While this is an option, I wouldn't suggest holding it for more than a day. https://bitcointalk.org/index.php?topic=5204055
2. If you're solely planning on day trading for profit and to not hold BTC in the long term, I'd probably go with trading platforms like eToro. Unfortunately, as far as I know you can't deposit BTC. You're pretty much going to start out with your local currency, and it will be converted into USD after you deposit.
Would EToro be safer than other exchanges to store on? Right now im on cex.io and while i can hold usd there every trade costs small amounts, big thumbs down. Will be reading up on binance as well, their insurance option is something i havent run into on any of the others
What I realized from OP, you don't want to hold bitcoin sadly due to volatility. The only good option I found to hold USDT instead, but I will not recommend for that. It's just a option since you aren't encouraged to hold bitcoin. So holding USDT would solve your problems. Electrum is one of the best wallet that are using now, but unfortunately you can't store USDT there. Don't hold it on any exchange even you want to hold any other stable coins. I will strongly recommend to buy Ledger nano tether wallet. I thing it's not much expensive since you may use for life time. And your fund will be totally under control of you, most secure & reliable.
Sadly? Well my logic is that if i make a small profit from trading when the price rises say 200 dollars/btc i want to hold on to this profit by selling if i predict the price will fall soon thereafter. It makes no sense to book the winnings and then just stick with ur holding and leave it overnight say and see the price dwindle back down again.
Also it seems great if ledger can hold stablecoins
A quick look into Etherum and it seems just as volatile as bitcoin...
What does pair holding mean?
