Buy tether when the market is crashing?

[Karisma Black]

You can use it... to trade again soon after.
Just don't hold .

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[Portia12]

There is a lot of speculation about Tether being a complete fraud.  The accusation is that tether doesn't have the USD to actually back up their printed tethers.  I would be careful having too much money in tether, if it implodes you will be caught with your pants down with no way out.

You already saw that ethereum coins managed to reach $1k dollars just a few months ago this year and because of that, we can rely on ethereum that it was one of the best choice to invest today while the market prices are decreasing.

[Superzpay]

I’m on the newer side to crypto, just want to say that first.

Tether always stays between .99 and 1.01. How, I don’t know. With it never really changing in price, why not convert your cryptos to tether to avoid losses when the market is crashing?

In those exchanges where there is no option for USD trading we can opt for the tether but in those exchanges where we can trade in USD we can put our money to USD when market is crashing. For example when I started my trade in bittrex then I was using tether for my parking of my capital which was for trading as at that time there was not any USD for the trade but now they added USD now I can easily put them in USD when I feel it to do.

[Ahiaba]

Well it is not only tether that will make someone not to lose in crypto currency but when you convert you crypto currency to Dollars or your local currency in the time or before the crash of Bitcoin and crypto currency in general you will end up avoid losses too. Although lost in trading crypto currency is inevitable for all traders in the crypto community.

[NorihiroName]

Well, maybe that a good way, but the only thing it may offer you - removing losses, but it cannot generate profit, after market restores especially.

[Victorycoin]

Invest in tether is not a good way for profit and you can not trade tether with real dollars. Anyway, if it is tradable, the trading fee will kill traders who want to trade tether with dollars.

OP didn't mention anything about making profit with tether. Converting your crypto to tether is one strategy to secure your profits when the prices starts heading down like where we are now.

I guess it was implied and the profits would come from the fresh opportunities and the capability of buying back the Bitcoin at a lower rate and giving it time to climb again and the process is rinsed and repeated.

I don't hold any tether though i'm fine with holding my coins and it's stressful when you have to watch the price every time just to move your coins to an exchange and back.

Most exchanges support Tether so there's no need moving one's coins back and forth an exchange.

[NavI_027]

I’m on the newer side to crypto, just want to say that first.

Tether always stays between .99 and 1.01. How, I don’t know. With it never really changing in price, why not convert your cryptos to tether to avoid losses when the market is crashing?

I thought I'm the only one noticing this thing. On the past few days that btc is dropping down, tether remains green which I (maybe you also) expected to be not because it's now normal to the market that altcoin drops too as btc drops. Another strange thing that I observed is that when I looked on the top 100 coins in the market (sorry I forgot the time and date) why tether is the only coin that goes up; I swear, even me don't believe what am I looking at but it's true.

It seems Tether is a good coin for long term investors, what do you think .

[Tory-Tory]

I’m on the newer side to crypto, just want to say that first.

Tether always stays between .99 and 1.01. How, I don’t know. With it never really changing in price, why not convert your cryptos to tether to avoid losses when the market is crashing?

This step has long been done by everyone. Despite a large number of rumors and accusations this stable coin is still used by traders around the world.

[fitty]

I’m on the newer side to crypto, just want to say that first.

Tether always stays between .99 and 1.01. How, I don’t know. With it never really changing in price, why not convert your cryptos to tether to avoid losses when the market is crashing?

Not all are familiar with thether although there are times that you doesn't really need to sell you coins just to put in tether. Im not the person who trade tether and i'd much wanted to stay in my coins and trade with USD in marginal trade.
Other than that tether for me is not so much good to trade that can also losses but it comes back when the market is good so its no safe place to put in bearish times.

[target]

Its being done by most of the traders, they always buy usdt when the market crash that is why sometimes the price of it reaches up to $1.02. You will have to make sure you aren't losing money after you buy back the coins. The trading fee is something to consider, the first time I did buy tether I lost few bucks still so always try to set up the buy order in low price that you gain more coins.

[luckybtccasino.com]

Tether has already been proved as a scam, if it crashes, the entire price of bitcoin is going to go down like  rollercoaster, so i think that buying tether is not the wiser thing to do

[Victorycoin]

That is possible but not easy  , I usually buy tether when market is going up and use them to buy coins when market is crashing.

I think you got that mixed up and if that's exactly how you've been doing it, then you could not have been ending in profit. You buy Tether when market have reached a peak and about to reverse and use them to buy back the coins after the market is done crashing.

[boakyei]

Instead of cashing your tokens as a result of market being red, you just buy tether. As soon as it starts to get up, you can resell your tether and buy your coins back. I have not seen tether going down or above 10% before, and is a good coin for hedging when the market is not favorable.

[dothebeats]

With the way the general public perceives tether right now, I don't think it would be a good idea to convert your assets in Tether if you can just bear the losses and possibly survive the crash in the end. Tether is a actually a good idea for safeguarding your cryptoassets when it's tanking down, but with the amount of accusations and negative light being thrown at it, I don't think it would take long for the government to take some action and put the said token under the federal microscope. You can buy tether whenever you feel unsafe for your cryptoassets, yes, but as soon as you got the chance to buy back in cheaper, take the opportunity and use USDT as little as possible.

[Huy Mai]

In my opinion, don't buy tether when the market is crashed because the price of tether will be costed more. If you want to invest more, just buy bitcoin or eth directly, the price will be better.

[Anonylz]

the problem with tether is that it is more than inflated at the moment, it can easily crash in a few months from rnow because we alll know t he huge lie that is behind tether + bitfinex right now.

[300pips]

If you have an iron ball then HOLD the coins you have, in 3 to 5 years it should go up. If you are a clever person you can just hedge your investments in crypto into USDT. Then try to imagine if Bitcoin suddenly crashed to $3k, then you can easily buy them using the money you hedge in USD. In that way when Bitcoin bounce back to $7k then you got a 2x profit.

I’m on the newer side to crypto, just want to say that first.

Tether always stays between .99 and 1.01. How, I don’t know. With it never really changing in price, why not convert your cryptos to tether to avoid losses when the market is crashing?

[Victorycoin]

Tether has already been proved as a scam, if it crashes, the entire price of bitcoin is going to go down like  rollercoaster, so i think that buying tether is not the wiser thing to do

I don't think the huge volume of daily trades in USDT across exchanges agree with your scam accusation and the price of Tether is pegged to $1 and not Bitcoin. How is the entire price of Bitcoin going to go down like rollercoaster should Tether crash?

[foxbat]

I’m on the newer side to crypto, just want to say that first.

Tether always stays between .99 and 1.01. How, I don’t know. With it never really changing in price, why not convert your cryptos to tether to avoid losses when the market is crashing?

Convert your cryptos into tether, this is just like keeping your money in the bank. It will die because you do not get any profit. Cryptos yields better returns if we know how to use it.

[jerry0]

Don't you mean sell whatever coin your have for tether when market is down?