Why I kept USDT

[matchi2011]

Keeping USDT is safe to augment your trading if price dips instead of selling for loss , you will buy lower to complement the loss and make profit. This is a strategy that works.

I think USDT is a token or coin that gets direct support from the USD but the price increase and movement is very long even very stable this means if you hold it for a very long time then you get very little profit, it is better to hold another coin like bitcoin that has a chance good to be able to make a profit.

It's a good tool to work with your trading activities, holding reserve usdt so once the market falls you can use your coin to buy the dip and wait
for the bounce back and benefits. This strategy works for tenured traders, people who knows how to deal with good market strategy.
Find every reason to work with this market and maximize your profits.

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[Moshaid]

I as well keeps a percentage of my portfolio in USDT, whereby once I see any of the top five cryptocurrencies on coinmarketcap dipping, I invest some option of my usdt in it and wait for a little rise sell and keep all back in my usdt. Although I have several holdings and at times my usdt helps me in the volatile market.

[nicecrypto]

Btc is very volatile and fluctuate in price a lot, because of this people seek other ways to secure that fund, trading can go both ways, sometimes you gain a lot and times you lose but if you are a good trader that understand the market properly you can easily turn to usdt before you,
If you want to increase your btc holdings it is good thing but you to be careful not to lose instead of gaining, well tether is always the right option in such situation.

[bitgolden]

Whenever I get stucked with Usdt when trading I always remember myself what happened in 2018 when bitcoin was trading @ 19k and in February 2018 it goes down to 9k, even in January 2019 bitcoin was trading at 3,500$, My point here is there is time for everything in crypto space, Lack of patience is what's affecting many and also fear of missing out, even if bitcoin hit 50k today alas it will shrink in value sooner or later, bitcoin is volatile, its left for you to choose the best time to buy, as for me, what I care most about is turning 0.5btc to 1BTC

Honestly, for the purpose of exactly you are mentioned, tether was created. It gives power to the traders to lock their profits against crypto's basic nature of volatility. Before the introduction of stable coin, traders are struggling to lock profits and to do short way of trading within spot markets. Now, you are able to short even in spot market with the help of tether coins.

For those people who are unable to get my point, if you are buying usdt means you are selling bitcoins and you can buy back it when it available for cheaper than your buying prices of usdt. This is actually the exact way of sorting in spot markets. Moreover, with the help of stable coins, we can move funds easily across exchanges which enables traders to go for arbitrage trading more easily within their desired time-frame. Before stablecoins, to do arbitrage trading you must wait for the exchange to process to fiat withdraw. Unlike crypto withdraw, fiat withdraw processes are know for taking more time.

[kapalmabur]

Bitcoin price keeps faking since last night and rumours are going around that it is a big correction, be on guide because bitcoin can hit 8k before recovery again

Yes just pray that the first support in $9700 is not broke, it would be terrible if it was missed, which is certain if you want to enter do not get too ambitious

[Pecunia non olet]

You simply lost money, if you hold Bitcoin and Bitcoin is going down, you not lose anything until you sell it in loss, but when price goes up, you can sell it with profits. So why I should use USDT?

[luckyflop]

i like your courage. it will take years to achive such target but it is achiveable only if you have alternative source of income. few people here uses crypto are their primary source of income. hopefully they must trade to make such target happen. they don't have to buy and wait for long. All they need do is trade and make sales for their account to grow and then cash out.
.

I think there are many people here who see this market as their main source of income. They have a lot of experience in this market and can make a profit every day. I personally like that, I don't need to wait for altcoins or bitcoin to go down like expected prices, just fluctuations I will buy them and make a profit in a short time.

[puertorikosena]

Of course, if you are engaged in trading and set a goal to increase the volume of your portfolio, then you need to fix your profit in dollars from time to time and buy, if possible, at a lower price. This is a very good strategy if you know what you are doing.

[gundala]

If you are afraid of sudden price changes then this is not the right room for you. Cryptocurrency is very dynamic, many of which affect price changes, even just rumors. That is why we must understand the cryptocurrency ecosystem, technical and fundamental analysis, and determine the right strategy so that we are not easily swayed and can make the right choice during a storm. Big profits, big risks, right? holding USDT is safer because the price is stable, but you can miss a good opportunity if there is a pump, but the risk is also comparable. So back to each decision, do you like the challenge or not

[pixie85]

I read OP's post and I'm clueless. What was that supposed to mean?

You are afraid ovf volatility but have chosen the altcoin market which is the most volatile, but you're still calling Bitcoin volatile? I don't get it. Why is this post in the altcoin section? Because of USDt?

Another question is why USDt? It's a centralized stablecoin that was supposed to be pegged to the dollar but is not and it was all proven to be a lie. If you want stability and relative safety choose real fiat not a stablecoin.

[o48o]

Whenever I get stucked with Usdt when trading I always remember myself what happened in 2018 when bitcoin was trading @ 19k and in February 2018 it goes down to 9k, even in January 2019 bitcoin was trading at 3,500$, My point here is there is time for everything in crypto space, Lack of patience is what's affecting many and also fear of missing out, even if bitcoin hit 50k today alas it will shrink in value sooner or later, bitcoin is volatile, its left for you to choose the best time to buy, as for me, what I care most about is turning 0.5btc to 1BTC

Trading alts with usdt pairs during the btc bullrun isn't wise imho. My goal is to hoard more btc, not usd. Especially when you could make more money with just holding btc then trading against alt/usdt pairs.

[nennanem]

One more reason to like USDT is that most exchanges have USDT markets. That's not the most important thing, but still.

[dongosquad]

I read OP's post and I'm clueless. What was that supposed to mean?

You are afraid ovf volatility but have chosen the altcoin market which is the most volatile, but you're still calling Bitcoin volatile? I don't get it. Why is this post in the altcoin section? Because of USDt?

Another question is why USDt? It's a centralized stablecoin that was supposed to be pegged to the dollar but is not and it was all proven to be a lie. If you want stability and relative safety choose real fiat not a stablecoin.

Yes, it seems that the OP tends to be afraid of bitcoin with high volatility by giving the fact that the increase and decrease are quite extreme, so they prefer USDT with a stable price. Well, actually this is unfair to compare because USDT is a stable coin, as you explained. Another fact, even though BTC is volatile, if we are able to analyze market movements so we can determine the right timing for sell, hold, and buy then we can get a profit.

[btc_angela]

I read OP's post and I'm clueless. What was that supposed to mean?

You are afraid ovf volatility but have chosen the altcoin market which is the most volatile, but you're still calling Bitcoin volatile? I don't get it. Why is this post in the altcoin section? Because of USDt?

Another question is why USDt? It's a centralized stablecoin that was supposed to be pegged to the dollar but is not and it was all proven to be a lie. If you want stability and relative safety choose real fiat not a stablecoin.

Yes, it seems that the OP tends to be afraid of bitcoin with high volatility by giving the fact that the increase and decrease are quite extreme, so they prefer USDT with a stable price. Well, actually this is unfair to compare because USDT is a stable coin, as you explained. Another fact, even though BTC is volatile, if we are able to analyze market movements so we can determine the right timing for sell, hold, and buy then we can get a profit.

You can't blame the OP though, maybe his risk appetite is not that strong compare to me. I myself used this strategy sometimes, try to hedge my BTC to USDT when I feel that the price will go down so I guess nothing is wrong with this plan. It caters to different traders or shall I say holders. Yes we all know that USDT is very shady but it is still well known that's why traders still prefer it. And besides, personally, I just leverage for just a couple of days only.

[marilyngroom]

When you say you get stuck with USD when trading, what exactly do you mean? Isn't that a choice?

[Ararbermas]

Whenever I get stucked with Usdt when trading I always remember myself what happened in 2018 when bitcoin was trading @ 19k and in February 2018 it goes down to 9k, even in January 2019 bitcoin was trading at 3,500$, My point here is there is time for everything in crypto space, Lack of patience is what's affecting many and also fear of missing out, even if bitcoin hit 50k today alas it will shrink in value sooner or later, bitcoin is volatile, its left for you to choose the best time to buy, as for me, what I care most about is turning 0.5btc to 1BTC

yes covering in USDT is the best idea to minimize losses and it's very trustworthy after all. In fact i always used it instead trading with other lending coins wherein because of being stable and in it you can always count profits no matter what happens in the market.  Because it's not the same with other coin which is sometimes experiencing a massive dump and pump when there's a scenario happen in the market.  . That's the advantage.!

[sahadat]

Whenever I get stucked with Usdt when trading I always remember myself what happened in 2018 when bitcoin was trading @ 19k and in February 2018 it goes down to 9k, even in January 2019 bitcoin was trading at 3,500$, My point here is there is time for everything in crypto space, Lack of patience is what's affecting many and also fear of missing out, even if bitcoin hit 50k today alas it will shrink in value sooner or later, bitcoin is volatile, its left for you to choose the best time to buy, as for me, what I care most about is turning 0.5btc to 1BTC

We know very well that the crypto market is much more volatile and we also know that USDT is a stable coin , So in my opinion the portfolio is better USDT . Whenever, the market goes down, buy it  and sell  it when the market goes up. All of these advantages are in keeping USDT .

[Rakul]

It was nice to think of you , like you , I put all my portfolio in USDT . I'm in my portfolio I have divided 3 parts , whenever the market will be cruss buy
30% and if the market goes down and down the buy again 30% and Next did not buy again . Hold on the rest , so I can recover my loss .

[wozzek23]

Let me get it straight, you have 0.5 btc equal with USDT right now and you want to double it to 1 btc, butyou are still waiting for bitcoin's price going deeper, so you can buy more bitcoin with cheaper price with your USDT, am i right? And you will sell as soon as possible if you think the price is already high enough

This is what exactly we will be doing with fiats to double that. I know USDT is nothing new but just the crypto form of fiat so we must need to do like you have mentioned to double it. I just wonder why people are struggling to understand the use case of USDT. Before making use of any new thing, people must take time to understand for what purposes it has been introduced. Honestly I'm not having any problem in making use of USDT.

With the help of USDT, we can easily trade crypto is like how we are doing BTC/USD or BTC/EUR pairs. With USDT one of this pair will be look like BTC/USDT and nothing complex here.

[fuer44]

financially, usdt is safer than other crypto including bitcoin. as you have explained, bitcoin experiences a very extreme price movement, sometimes it is very high and then falls very deep. for investors and traders, it is a beneficial and detrimental event. while usdt is a crypto asset that tends to be stable and the value is always almost the same as the dollar.