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Author Topic: How do we tether BTC  (Read 114 times)
Maestro75
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November 11, 2017, 08:09:11 PM
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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.

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tutkarz
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November 11, 2017, 08:09:55 PM
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sell it for USDT on exchange

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November 11, 2017, 10:19:22 PM
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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.

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