Hey guys. Does this trading strategy work? I know it's impossible to know when a huge market correction is happening but would it make sense to transfer to USDT when you feel that coins are near their max before a correction and then while the market is correcting buy back at a cheaper price using the USDT which is stable. I know Binance only has a few pairings for USDT but I thought it would be a good way to avoid the large market corrections when they come.
Yes this is a really good strategy. The only drawback that i’ve experienced with this strategy is that when you think a coin is at a peak and you sell for USDT, the coins keeps increasing in price and you not only miss out on the gains but you miss the chance to buy back in.
Another twist is you could trade for another cryptocurrency that is down in price so you are always invested in a cryptocurrency.