Bitcoin Forum
December 17, 2017, 10:08:17 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: How do we tether BTC  (Read 113 times)
Maestro75
Member
**
Offline Offline

Activity: 84

I will be fine...


View Profile
November 11, 2017, 08:09:11 PM
 #1

I have heard people online say to tether Bitcoin if you suspect it is going to dip. This is a bit complex and confusing for me to understand as I don't know what it means. How do I tether BTC or altcoins? Please, someone explain.

The future of money has arrived   ═══▌▌     TRUCKCOIN     ▐▐═══   For The Fastest Decentralized Global Market
  ICO starts of Dec 1st, 2017  》     ANN Thread     WhitePaper     Twitter     Facebook     Google+
═════════════════════════     Powered by GoldenHill International     ═════════════════════════
1513548497
Hero Member
*
Offline Offline

Posts: 1513548497

View Profile Personal Message (Offline)

Ignore
1513548497
Reply with quote  #2

1513548497
Report to moderator
1513548497
Hero Member
*
Offline Offline

Posts: 1513548497

View Profile Personal Message (Offline)

Ignore
1513548497
Reply with quote  #2

1513548497
Report to moderator
1513548497
Hero Member
*
Offline Offline

Posts: 1513548497

View Profile Personal Message (Offline)

Ignore
1513548497
Reply with quote  #2

1513548497
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513548497
Hero Member
*
Offline Offline

Posts: 1513548497

View Profile Personal Message (Offline)

Ignore
1513548497
Reply with quote  #2

1513548497
Report to moderator
tutkarz
Hero Member
*****
Offline Offline

Activity: 546


View Profile
November 11, 2017, 08:09:55 PM
 #2

sell it for USDT on exchange

Xavofat
Hero Member
*****
Offline Offline

Activity: 714

Satoshi wanted "small, casual transactions".


View Profile WWW
November 11, 2017, 10:19:22 PM
 #3

They're referring to the cryptocurrency USDT (US dollar tether) which is always supposed to be worth 1 US dollar.  They mean that you should sell your BTC in exchange for USDT, to avoid having to go through the complex processes and taxes involved in selling for fiat directly.

However, this appears to be a bad idea.  USDT appears to be spawning money out of thin air and potentially even manipulating the market with it.

It's not at all certain that you will be able to exchange your USDT for fiat when you want to do that.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!