Stablecoins (USDT, Tether, TrueUSD ect..)

[Queen_Amber]

Does anyone here use stable coins to there advantage?
I mean its really a life saver! You buy a coin, the coin raises 25%, You sell the coin for Tether, If you repeat this 4 times, you now have 100% profit!

What do you guys think about stable USD coins? Does anyone here do this same method im doing?

[1715117560]

1715117560

[1715117560]

1715117560

[talkbitcoin]

I mean its really a life saver! You buy a coin, the coin raises 25%, You sell the coin for Tether, If you repeat this 4 times, you now have 100% profit!

it is not these coins that give you profit, it is that altcoins pump that gives you profit. also it is about your trading skills, if you are good at trading then you can make profit regardless of using these stable coins.

What do you guys think about stable USD coins? Does anyone here do this same method im doing?

you aren't talking about any "method".
but yeah, people are using stable coins. the correct way of using them is:
- to temporarily switch to them whenever market is dumping and you want to stay out for a short time. otherwise you MUST go back to fiat.
- to transfer fiat value between exchanges.

[wayaneka]

Stable coin is very usefull for trading pair with others crypto that has high fluctuacion, because we will more easy to calculate profit and loss than trading pair altcoin with BTC or ETH. Personally i prefer to trade crypto with pair stable coin, and currently alot of different stable coin was listed and tradeable on the many exchange. When all crypto crash, only by move to stable coin we can avoid loss. Just like trade on stocks market that always have pairing with fiat, so this is make easy to know we get profit or loss.

[Little Mouse]

Stable coin is useful mostly for the day trader. Assume, you are exchanging a coin with btc. You got 1 BTC and now you are in profit. But what if btc prices get down. In that case, using stablecoin is better option.

[Queen_Amber]

Stable coin is very usefull for trading pair with others crypto that has high fluctuacion, because we will more easy to calculate profit and loss than trading pair altcoin with BTC or ETH. Personally i prefer to trade crypto with pair stable coin, and currently alot of different stable coin was listed and tradeable on the many exchange. When all crypto crash, only by move to stable coin we can avoid loss. Just like trade on stocks market that always have pairing with fiat, so this is make easy to know we get profit or loss.

Thank you! Wonderful comment

[UnDerDoG81]

How do you know which altcoin you buy can make 25% profit? And when you achieve a 25% profit with any altcoin, you can also sell them to Bitcoin and sell bitcoin to cash to make sure you still get 25% profit from that investment.

[DanWalker]

Does anyone here use stable coins to there advantage?
I mean its really a life saver! You buy a coin, the coin raises 25%, You sell the coin for Tether, If you repeat this 4 times, you now have 100% profit!

What do you guys think about stable USD coins? Does anyone here do this same method im doing?

Yeah, yeah, and you can do vice versa as well. Actually stablecoins are very useful concept, because it allows to avoid margin trading and do shorts by converting any crypto to stablecoin and waiting for lower price. But there is nothing new and it looks like your post is kinda insight, but it's not. It's just the basic concept. The main feature is how to trade, where to enter, where to exit. These things matter.

[dimastegar]

Stablecoins is backed up with local currency. Where every coin is always equal to USD. The price of the coin only drops when the price of the USD decreases. In trading, stablecoins are very useful to lock our profits based on currency.

[Queen_Amber]

Does anyone here use stable coins to there advantage?
I mean its really a life saver! You buy a coin, the coin raises 25%, You sell the coin for Tether, If you repeat this 4 times, you now have 100% profit!

What do you guys think about stable USD coins? Does anyone here do this same method im doing?

Yeah, yeah, and you can do vice versa as well. Actually stablecoins are very useful concept, because it allows to avoid margin trading and do shorts by converting any crypto to stablecoin and waiting for lower price. But there is nothing new and it looks like your post is kinda insight, but it's not. It's just the basic concept. The main feature is how to trade, where to enter, where to exit. These things matter.

Ok ok jeez thanks mr grumpy lol

[jack107]

Honestly I think it's a concept that people tend to understand 1:1 easier in their minds. The thing that people don't realize is that fiat is just as volatile and we need a currency that helps with dealing with not only remains stable but does so over time. I've been looking into an elastic supply policy from ampleforth which changes the amount of amples according to demand. They will always remain as 1 ample and not lose its value overtime.

[hakertajniak]

Does anyone here use stable coins to there advantage?
I mean its really a life saver! You buy a coin, the coin raises 25%, You sell the coin for Tether, If you repeat this 4 times, you now have 100% profit!

What do you guys think about stable USD coins? Does anyone here do this same method im doing?

Well, that is trading. You buy with the lower price, and sell for the higher price.
Stable cryptocurrency like USDT is created to make crypto users easier to using cryptocurrency in trading, investing or buying something.
To make a stable currency, you need something backed on it, like USDT, it is backed by real USD money in their bank account.

[sheenshane]

Well, that is trading. You buy with the lower price, and sell for the higher price.
Stable cryptocurrency like USDT is created to make crypto users easier to using cryptocurrency in trading, investing or buying something.
To make a stable currency, you need something backed on it, like USDT, it is backed by real USD money in their bank account.

AFAIK, those coins aren't stable, when you say stable the price will remain and it has not fluctuated. I think they are maintaining their price range and swinging when the price of bitcoin spike up or dragging to down. Well, maybe they are created just for trading and you have an option to diversify your coins when you've seen that the price was down and use in making a profit as well.

[libert19]

Does anyone here use stable coins to there advantage?
I mean its really a life saver! You buy a coin, the coin raises 25%, You sell the coin for Tether, If you repeat this 4 times, you now have 100% profit!

What do you guys think about stable USD coins? Does anyone here do this same method im doing?

That's basically purpose of Stable coins, to save crypto users from high volatility of crypto markets.

[Caladonian]

Does anyone here use stable coins to there advantage?
I mean its really a life saver! You buy a coin, the coin raises 25%, You sell the coin for Tether, If you repeat this 4 times, you now have 100% profit!

What do you guys think about stable USD coins? Does anyone here do this same method im doing?

That's basically purpose of Stable coins, to save crypto users from high volatility of crypto markets.

That's the idea, and if you use that out from its purpose your conclusion will be good, keep repeating the cycle and make a winning position and
the rest will all be good for you, as stable coin will vary with current crypto value, most of traders to used to play with this are gaining with their
skills, it's just have to be well understand.

I agree with you with high volatility if traders understand how to work with this type of coins.

[asriloni]

Does anyone here use stable coins to there advantage?
I mean its really a life saver! You buy a coin, the coin raises 25%, You sell the coin for Tether, If you repeat this 4 times, you now have 100% profit!

What do you guys think about stable USD coins? Does anyone here do this same method im doing?

That's basically purpose of Stable coins, to save crypto users from high volatility of crypto markets.

That's indeed, the only best way to avoid the volatility, remember about the fact that if you are keeping your amount or profit in the altcoin form and when it gets dumped and you can lose your profit too but this will not happen if we are saving it on the stable crypto.

[Debonaire217]

Does anyone here use stable coins to there advantage?
I mean its really a life saver! You buy a coin, the coin raises 25%, You sell the coin for Tether, If you repeat this 4 times, you now have 100% profit!

What do you guys think about stable USD coins? Does anyone here do this same method im doing?

Actually there is, I am a trader and I utilize stable coins in order to ensure and keep my investment in a good shape, when the market is going down for my base currency, I buy stable coins.

[Herbert2020]

Stable coin is very usefull for trading pair with others crypto that has high fluctuacion, because we will more easy to calculate profit and loss than trading pair altcoin with BTC or ETH. Personally i prefer to trade crypto with pair stable coin, and currently alot of different stable coin was listed and tradeable on the many exchange. When all crypto crash, only by move to stable coin we can avoid loss. Just like trade on stocks market that always have pairing with fiat, so this is make easy to know we get profit or loss.

Thank you! Wonderful comment

one important thing that they tell you is that stable coins are not guaranteed to be stable. for example USDT (tether) which is the biggest one of them all has had big drops in the past which means if you tried to hold it to escape altcoin dumps you could have lost money holding these tokens instead.
not to mention that they are risky because they can drop to zero in an instant. the chances are low but they exist and you should not ignore them.

[chits]

Stable coins - a very useful concept, secured by local currency, help to avoid margin trading. Making short transactions, we convert to these coins in anticipation of an attractive price. With the help of stable coins, we avoid losses, while most cryptocurrencies continue to lose value.

[BitcoinVN_News]

We recently conducted an interview with Kory Hoang of USDS / Stably where he explained his motivation to create Stably, why he decided to move his team ouf of Seattle to Vietnam in the times of the Coronavirus and some wartales from the "great Stablecoin wars" which unfolded in 2018/2019 

As a crypto trader in 2017, I was always looking for an alternative stablecoin to use instead of Tether. Although it was commonly used by pretty much everyone, Tether had too much shady business going on for me to have confidence holding USDT. I remember searching tirelessly for another reputable USD-backed stablecoin to use and I couldn’t find any; there were only decentralized stablecoins like BitUSD and NuBits which to me are inorganic and much riskier than even USDT. It was then that I realized there’s a huge stablecoin opportunity in the market, when I had $50-100k of BTC that I needed to sell into something other than USDT and there was literally nothing available. If I, a small retail trader, had that problem then there must also be millions and billions of dollars more having the same issue.

[Shallow]

Does anyone here use stable coins to there advantage?
I mean its really a life saver! You buy a coin, the coin raises 25%, You sell the coin for Tether, If you repeat this 4 times, you now have 100% profit!

What do you guys think about stable USD coins? Does anyone here do this same method im doing?

Volatility of the crypto space is one of the reasons or better still the main reason why stablecoins were created. With stablecoins, people or rather mostly traders don't bother about bear markets, thus since it is stable, it means  it doesn't grow in value neither does it drop in value. Also, a good number of people trade most coins against stablecoins pairs therefore any profit they make is in stable value. So basically, what you are doing is trading against USDT pairs, and most people do it as well.