ThinkAndGrowRich (OP)
Newbie
 Offline
Activity: 84
Merit: 0
|
 |
January 16, 2018, 09:46:27 PM |
|
Is exchanging all your assets to USDT when everything goes down a valid move ?
|
|
|
|
|
|
|
|
|
|
In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
worldtraveller321
Member
Offline
Activity: 512
Merit: 33
The Quest of the Best Information to the Solution
|
|
January 16, 2018, 10:04:22 PM |
|
Some what, i do that with USD, just have to really watch your number and make sure you get it at good times, otherwise you could take a loss
|
worldtraveller
|
|
|
ThinkAndGrowRich (OP)
Newbie
Offline
Activity: 84
Merit: 0
|
|
January 16, 2018, 11:00:55 PM |
|
Some what, i do that with USD, just have to really watch your number and make sure you get it at good times, otherwise you could take a loss
How do you mean ? If all goes down it's hard to make mistake by changing to fiat or USDT isnt it ? |
|
|
|
|
FrueGreads
Legendary
Offline
Activity: 1582
Merit: 1059
|
|
January 16, 2018, 11:42:13 PM |
|
Is exchanging all your assets to USDT when everything goes down a valid move ?
I don't really trust tether, so I wouldn't do that if I were you. If you don't trade and don't really need to cash out, just hold on to your coins, because this will turn around. It happen with China, and now it will happen again. I still think that this is just wall strees guys shortening BTC now that the first futures contracts are ending. They are taking advantage of some fud regarding regulation and mining, and are making huge profit since it's easy for them to manipulate the markets. I think you should hold your coins, but if you really need to sell, please sell it to fiat and not tether. |
|
|
|
Annapelova
Jr. Member
Offline
Activity: 111
Merit: 1
|
|
January 16, 2018, 11:44:26 PM |
|
It's good to do that BEFORE everything goes down or when you see early sings... I've sold after the first crash at -20% and later regreted it when all coins I had went 3x to 10x...
In times like these, it's good to have tether to buy more.
|
|
|
|
|
|
Davinus
|
|
January 16, 2018, 11:50:30 PM |
|
Is exchanging all your assets to USDT when everything goes down a valid move ?
It is not the best thing to do at the moment, just keep everything on bitcoin or just buy any other stable altcoin like bitUSD. We all know in here that Tether is highly manipulated by bitfinex, and they can take the control of everything if they want, so for me, it is a huge risk to put your money in usdt. |
|
|
|
|
ThinkAndGrowRich (OP)
Newbie
Offline
Activity: 84
Merit: 0
|
|
January 17, 2018, 12:05:53 AM |
|
Is exchanging all your assets to USDT when everything goes down a valid move ?
It is not the best thing to do at the moment, just keep everything on bitcoin or just buy any other stable altcoin like bitUSD. We all know in here that Tether is highly manipulated by bitfinex, and they can take the control of everything if they want, so for me, it is a huge risk to put your money in usdt. How is it highly manipulated ? I see the price on coinmarketcap is mostly very close to 1 $ What is the difference between USDT and bitUSD ? |
|
|
|
|
|
Celebrity
|
|
January 17, 2018, 12:07:38 AM |
|
Is exchanging all your assets to USDT when everything goes down a valid move ?
It is not the best thing to do at the moment, just keep everything on bitcoin or just buy any other stable altcoin like bitUSD. We all know in here that Tether is highly manipulated by bitfinex, and they can take the control of everything if they want, so for me, it is a huge risk to put your money in usdt. If you already made good profit, you can consider doing this. I don't do this for example, no need to get back to fiat money. USDT is not even fiat money but you think it is. The best is watching your positions closely. |
|
|
|
|
albos
Jr. Member
Offline
Activity: 112
Merit: 2
|
|
January 17, 2018, 12:11:15 AM |
|
Its a good strategy if you do it in the beginning of the crash and the worst you can do if you do it too late  |
|
|
|
|
gandhe83
Member
Offline
Activity: 266
Merit: 10
|
|
January 17, 2018, 12:53:29 AM |
|
I think it is too late now if you want to sell coin to USDT because coin is currently low in value, if you sell it in USDT a few days ago it would be better. Currently the value of the altcoin and bitcoin copper is falling quite deep, if sold out at this time is not a wise thing. Do not be trapped by the speculators who are trying to reduce the mayor.
|
|
|
|
|
|
herurist
|
|
January 17, 2018, 01:11:16 AM |
|
Is exchanging all your assets to USDT when everything goes down a valid move ?
I believe sell is not the right move when everything go down, you should buy not sell. If you sell when price go down, your asset will not be the same again ( follow down also ), at least hold is better. Besides that, I don't understand why you should sell it, because you need USDT or because the price reach your stop loss? I can't give any advice ( sorry ). Be careful with your asset and stay safe. Have a nice day to you. |
|
|
|
ganlianshifu1
Member
Offline
Activity: 392
Merit: 10
|
|
January 17, 2018, 01:17:58 AM |
|
Do you want to convert to dollars to buy some digital currency at the lowest possible price? I'm going to buy some BTC. I believe BTC will continue to grow at some time! Now it is only due to the influence of some countries' policies, I believe it will be good in a few days!
|
|
|
|
|
Adeyemi
Newbie
Offline
Activity: 96
Merit: 0
|
|
January 17, 2018, 01:29:40 AM |
|
When the market goes down you buy not sell. This is one of the basic rules to succeed in the crypto game. Your risk of selling and converting to USDT is high. Are you ready to take this risk?
|
|
|
|
|
|
karungbitcoin
|
|
January 17, 2018, 01:31:24 AM |
|
That good idea but now in my opinion too late because market crash nearly 50% , trend down should be stop at this level and continue the price on consolidation and back to bullish trend again. So now best idea just hold it.
|
|
|
|
ThinkAndGrowRich (OP)
Newbie
Offline
Activity: 84
Merit: 0
|
|
January 17, 2018, 01:35:50 AM |
|
I know now is too late now. Like before I'm asking for next time. |
|
|
|
|
MinerHQ
Legendary
Offline
Activity: 1456
Merit: 1023
|
|
January 17, 2018, 07:31:19 AM |
|
Its a good strategy if you do it in the beginning of the crash and the worst you can do if you do it too late Not of the normal investors will end up either doing it last or towards the end because they can't predict prices accurately than experts do. But even for experts, it is not possible to do every time to time the market so my advice is don't sell in a panic if you think that what your holding is good for long-term. Instead of selling if you have additional funds then buy some more when prices go down. |
|
|
|
|
Dpat
Copper Member
Jr. Member
Offline
Activity: 798
Merit: 3
|
|
January 17, 2018, 08:00:41 AM |
|
Yes, this is really a unique idea when all cryptos are going down and down. Sell all to convert USDT because it is backed by the US Dollar. This way you will get rid of more loss due to downside loss of coin.
|
|
|
|
|
Pivooooo
Member
Offline
Activity: 350
Merit: 16
|
|
January 17, 2018, 08:20:40 AM |
|
The question is in the risk! You can sell and purchase lower, or it may not work out! Buyers are more unsure of what prices will continue to grow, and more people are starting to sell tokens, fixing their profits. When the momentum of sellers of forces of sufficient strength, the situation begins to go avalanche. And do not listen to advisers, always think with your head!
|
|
|
|
|
sheilasekarbumi
Member
Offline
Activity: 106
Merit: 10
|
|
January 17, 2018, 08:26:29 AM |
|
Personally, I don't believe USDT. I only sell to usdt when I need quick cash out. Otherwise, I will just stay with btc and/or eth. And yep, I am not a risk-taker type or trader, so I better hold btc/eth. I know about sell to usdt to wait for dips to buy in again. But who knows what will happen :|
|
|
|
|
|
nioctiB#1
|
|
January 17, 2018, 08:38:32 AM |
|
Is exchanging all your assets to USDT when everything goes down a valid move ?
Before it was hacked i used to covert my investment in cryptocurrency to usd tether whenever the price of all coins goes down or crashes but i dont use it anymore for securing my gains since there is an history of hacking and we dont know if that is going to happen again. so better sell if you want to cut your losses or just hold it if you believe it will recover soon. |
|
|
|
|
|
