Can i hold USD balance over exchange?

[agentx44]

I am curious if it is possible?


lets say,I have 2 BTC over some exchange, presently bitcoin price is 2000$ , so basically i have 4000$, now the price of bitcoin fell to 1000$ , so the total value is 2000$. Is there any way so that i can convert the 2 btc at the time when btc wad 2000$ to usd, and when it goes back cheap i buy it with the usd at the exchange?

I herd someone told me yes, if yes then please let me know the exchange which support such thing. i have been trading BTC since old time but never came across that we can even trade usd with BTC as a pair.

Yes it is. You can exchange btc for usd but it doesn't grow. I think its only purpose it to make btc holders convert into fiat money ig they feel it would volatile.

[Chevas Regal]

I am curious if it is possible?


lets say,I have 2 BTC over some exchange, presently bitcoin price is 2000$ , so basically i have 4000$, now the price of bitcoin fell to 1000$ , so the total value is 2000$. Is there any way so that i can convert the 2 btc at the time when btc wad 2000$ to usd, and when it goes back cheap i buy it with the usd at the exchange?

I herd someone told me yes, if yes then please let me know the exchange which support such thing. i have been trading BTC since old time but never came across that we can even trade usd with BTC as a pair.

Yes it is. You can exchange btc for usd but it doesn't grow. I think its only purpose it to make btc holders convert into fiat money ig they feel it would volatile.

You are right , I dont know about USd but i traded USDT yesterday over Poloniex , even USDT is very volatile , suddenly price went down to 1570 and i thought what it is happening , I made a sold of BTC @ 1650 , and bought gain back the btc @ 1800$ , i made a loss. it was a bad experience.

[cafucafucafu]

I am curious if it is possible?


lets say,I have 2 BTC over some exchange, presently bitcoin price is 2000$ , so basically i have 4000$, now the price of bitcoin fell to 1000$ , so the total value is 2000$. Is there any way so that i can convert the 2 btc at the time when btc wad 2000$ to usd, and when it goes back cheap i buy it with the usd at the exchange?

I herd someone told me yes, if yes then please let me know the exchange which support such thing. i have been trading BTC since old time but never came across that we can even trade usd with BTC as a pair.

Yes it is. You can exchange btc for usd but it doesn't grow. I think its only purpose it to make btc holders convert into fiat money ig they feel it would volatile.

You are right , I dont know about USd but i traded USDT yesterday over Poloniex , even USDT is very volatile , suddenly price went down to 1570 and i thought what it is happening , I made a sold of BTC @ 1650 , and bought gain back the btc @ 1800$ , i made a loss. it was a bad experience.

Pegged cryptocurrencies can still fluctuate in value a lot depending on the method by which they are pegged to the fiat currency. For example Steem dollars is currently at $1.2+ apiece and it is supposed to be worth $1. Tether was at around $0.96 before because of the Bitfinex withdrawals fiasco. But now it's risen again. I suggest using Wirex or Xapo, both of which have "hedged accounts" where you can hold USD directly, and exchange rates aren't that bad.

If you are looking for a mobile wallet try mobi, you can even hold gold and silver.