In Bearish Phase, Is This a Good Move to safe Capital?

[Alhamza24]

Much of this month has been a time of turmoil for markets across the world. Even Bitcoin, the primary cryptocurrency, has fallen from $8000 to $5000. Currently, there are no clear signs of whether bulls are going to take control, but Bitcoin’s current oddly high correlation with traditional assets has held its price low. While many cryptocurrencies are now sitting on the stands, stablecoins have picked up. After the recent market meltdown, there had been a rapid growth in the stablecoin demand.

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[minairia3]

Stablecoin used to purchase crypto on the country it is available for you. Check out Binance, there are too many fiat gateway already that they supported aside from these stablecoins and Id see that this is a good move. It is now the best time to buy as much as possible, these crypto are now at bargain and since last night Ive seen its grow now even the economy is at stage of crisis. Dont know the reason, yet as corona virus still at work.

So probably people or country are now looking on possible hedge on crypto with its accessibility.

[Strongkored]

There are those who argue that this is the time to secure assets, there are also those who choose to buy more. Stablecoin is the same as Fiat only its shape is made digital but its value will not increase like crypto, you can use stablecoin to trade in exchange buy crypto.

[crwth]

I do not think it would be easy to take back to the ATH times. I'm not saying it's not going to go back there but what I think will happen soon is it will still rise but not right away. Since the halvening is going to happen soon, maybe a lot more people would have more BTC in the long run. No one could really know whether to HODL or to Buy, just remember to not regret what you have done today in the future.

This is a DISCOUNTED phase of BTC

[joshua123]

I do not think it would be easy to take back to the ATH times. I'm not saying it's not going to go back there but what I think will happen soon is it will still rise but not right away. Since the halvening is going to happen soon, maybe a lot more people would have more BTC in the long run. No one could really know whether to HODL or to Buy, just remember to not regret what you have done today in the future.

This is a DISCOUNTED phase of BTC

Agreed. Some people mindset is difference from other. More or less if they are going to buy more stocks of btc then they can be ripping profits when the time comes. But if they just decided to sell of due to tragic loss then it will be meaningless but unless they needed the money due to crisis.

No one knows but if you just hold it without any worry then its much safer, and will not result to more losses.

[Furryball]

Much of this month has been a time of turmoil for markets across the world. Even Bitcoin, the primary cryptocurrency, has fallen from $8000 to $5000. Currently, there are no clear signs of whether bulls are going to take control, but Bitcoin’s current oddly high correlation with traditional assets has held its price low. While many cryptocurrencies are now sitting on the stands, stablecoins have picked up. After the recent market meltdown, there had been a rapid growth in the stablecoin demand.

Firstly Bitcoin falled from 9000+ not 8000, I used my USDT to buy Bitcoin back at 9000+ because I thought it's not coming down, I never thought that Coronavirus can affect crypto, my mistake, many are Opting out to stable coin to cut loses that's why stable coin is the best option right now

[bassbity]

If at a time like this is used well then I think it will be profitable, like yesterday bitcoin fell to $ 5,000 and now bullrun comes with 24 hours bitcoin growing at $ 1000 is it unprofitable?
Well of course at this time many people are fortunate because of their success in buying coins at low prices and now they sell them, maybe trading in the short term will be even more profitable.

[Byakuga]

Much of this month has been a time of turmoil for markets across the world. Even Bitcoin, the primary cryptocurrency, has fallen from $8000 to $5000. Currently, there are no clear signs of whether bulls are going to take control, but Bitcoin’s current oddly high correlation with traditional assets has held its price low. While many cryptocurrencies are now sitting on the stands, stablecoins have picked up. After the recent market meltdown, there had been a rapid growth in the stablecoin demand.

It's called stopping lose, this is what USDT and other stable coins are good for so yes it's a good move to safe you from loses, if you are into crypto for long term I suggest you hold USDT because once in a while opportunities like this will always come

[ethereumhunter]

The bulls will come again, and it's only a matter of time. We need to be patient and don't panic if the market decline again. The market now still trying to break the higher price although it seems difficult to do. And we still need to be careful because no one will know how long the market will stay at a price now. If you want to safe your money to the stable coin, then you can do that while if the crypto is going down, you will have a chance to buy as many coins as you want because the price is at a low price.

[bgaf]

It's called stopping lose, this is what USDT and other stable coins are good for so yes it's a good move to safe you from loses, if you are into crypto for long term I suggest you hold USDT because once in a while opportunities like this will always come

Why USDT? in this time, I think stablecoins are useful for purchasing major altcoins and btc as the market is seems in bad shape. Now that is recovering, might wanna purchase more as the market is going to a huge advanced now.

If at a time like this is used well then I think it will be profitable, like yesterday bitcoin fell to $ 5,000 and now bullrun comes with 24 hours bitcoin growing at $ 1000 is it unprofitable?

Bull run comes? This isnt what you called bullish, but just a temporary effect of market trading. A small recovery cant be categorized as bullrun. It seems you are just speculating. Profitable or not, we should act cautiosly here, its not that bitcoin could reach 1k price suddenly.

[tabas]

The price were bitcoin mostly stayed was $9000. I have read a few minutes ago about an analysis but it's not always as it goes and it says that it seems bullish which is likely because we've been bullish so there's no argument with that analysis.
And it's just base on that person's thought and how he read the charts. Moving to a safe capital? it's your choice if you are too worried.

[Rodeo02]

It's called stopping lose, this is what USDT and other stable coins are good for so yes it's a good move to safe you from loses, if you are into crypto for long term I suggest you hold USDT because once in a while opportunities like this will always come

Yes many trader's now always preparing to have USDT to hold not for investing . But in the right time like this happen ,when the price decline faster then this is the right time to use the usdt and buy btc in the bottom this things will give you upto 30% profit easily with that market movement.

[ife2020]

Much of this month has been a time of turmoil for markets across the world. Even Bitcoin, the primary cryptocurrency, has fallen from $8000 to $5000. Currently, there are no clear signs of whether bulls are going to take control, but Bitcoin’s current oddly high correlation with traditional assets has held its price low. While many cryptocurrencies are now sitting on the stands, stablecoins have picked up. After the recent market meltdown, there had been a rapid growth in the stablecoin demand.

There is a demand for stable coin because right before the bearish market took turns, few intellectuals rushed in and got their funds to tether or usdt, so when the market gets bearish, they take turns to buy bitcoin on the low, then convert back to usdt when it moons at a small %.

This drive is good for traders, as they get to retain both their capital and their profits, but you can effect this method, if you dyor and maintain proper practice.

[btcltcdigger]

Well, most ppl like stable coins for one reason, and one reason only.
They need a safe harbor to transfer their funds, so they can profit on any dips.

For example, if you went ETH->USDT when ETH was at $250, now you could own double the ETH.

[lobo13hf]

Much of this month has been a time of turmoil for markets across the world. Even Bitcoin, the primary cryptocurrency, has fallen from $8000 to $5000. Currently, there are no clear signs of whether bulls are going to take control, but Bitcoin’s current oddly high correlation with traditional assets has held its price low. While many cryptocurrencies are now sitting on the stands, stablecoins have picked up. After the recent market meltdown, there had been a rapid growth in the stablecoin demand.

You should to take a look at the market and this time the correlation between bitcoin and the traditional asset is not so strong as you said. Stable coin become the best solution especially for the stable coin that backed by dollar as it keep raising anytime with the bearish trend of the market.

[Shallow]

Much of this month has been a time of turmoil for markets across the world. Even Bitcoin, the primary cryptocurrency, has fallen from $8000 to $5000. Currently, there are no clear signs of whether bulls are going to take control, but Bitcoin’s current oddly high correlation with traditional assets has held its price low. While many cryptocurrencies are now sitting on the stands, stablecoins have picked up. After the recent market meltdown, there had been a rapid growth in the stablecoin demand.

In bearish phase comes with lots and lots of things such as uncertainty, panic, fear etc, while most people might be deep in loss in some coins some might be lucky enough to have moved to stablecoins. Before this bearish phase fully sets in, most people moved to stablecoins and some are still doing so which has resulted to the high demand of it. Also, some who believes in their several coins or holdings still held on as they know the market will recover.  About your question, in my own opinion, I think holding stablecoins is a good call as it will enable you get good coins when the time is right. On the other hand, if someone is holding BTC and is already in loss I do not see any need to sell because once the market corrects, Bitcoin will take the lead.

[DDante]

I do not think it would be easy to take back to the ATH times. I'm not saying it's not going to go back there but what I think will happen soon is it will still rise but not right away. Since the halvening is going to happen soon, maybe a lot more people would have more BTC in the long run. No one could really know whether to HODL or to Buy, just remember to not regret what you have done today in the future.

This is a DISCOUNTED phase of BTC

Bitcoin halving is coming and I think because of this it will be easy for Bitcoin to reach ATH again, that's the reason many are accumulating Bitcoin presently, many top exchanges are filled of Bitcoin buy orders and that's a good thing

[awakpane]

in my opinion, now people have started to re-invest in crypto, this is based on the current price of bitcoin and altcoin. maybe one of them is due to the corona virus factor especially the crypto currency does not spread the corona virus is different from the fiat currency which has the potential to transmit the corona virus.

[Questat]

It's always right to ensure the safety of your capital but you should do it when the price has not dump yet, otherwise you'll lose the value when you buy back. Check the market now and you will see its not bearish anymore, there seems to be some good news coming and bitcoin brings the entire market for full recover, with this movement, I would not be surprise that we will be back to $8000 even this month.

[thiscomm]

in my opinion this is due to the spread of the corona virus which is so troubling for crypto users in the world, so that transactions continue to decline. but when crypto developers took steps to make stablecoin because prices continued to decline, the corona vaccine was discovered and the transaction returned. this is my opinion, but there are also those who think that stablecoin is better so choose to buy it. but for me it will not bring us income in trade or investment, because we only keep it.