BTC to Tether for percentage gain

[Ascended_Intellect]

Hello Everyone,

I'll keep this one short.

Question
HODL is common practice with many Bitcoiners but has anyone braved the risk of changing out BTC for a stablecoin to then change back into BTC when the price has significantly lowered to gain percentages?

Personal Experience
I have held & traded, personal view is that the trading aspect is exciting (within reason) as it yields percentage points. Having a risk assessed figure in mind then switching out to wait for the prolonged market decline to join back draws very few negatives from my view.

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[dzungmobile]

HODL is common practice with many Bitcoiners but has anyone braved the risk of changing out BTC for a stablecoin to then change back into BTC when the price has significantly lowered to gain percentages?

Bitcoin price can rise and fall but its yearly trend is upwards. No government, bank can seize your bitcoins in your non custodial wallet if they don't arrest you to get your wallet private key.

With stablecoin, they can seize it even in your non custodial wallet.

Another risk with stablecoin is depeg.

PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets
Stable coins: a deep dive into valuation and depegging.

[mindrust]

HODL is common practice with many Bitcoiners but has anyone braved the risk of changing out BTC for a stablecoin to then change back into BTC when the price has significantly lowered to gain percentages?

Yes it is a common practice. We call it "trading". The basics are very simple, like you noticed, you need to buy low and sell high, then buy low again.

Binance is a good place to execute this idea because they also offer very high (10% to 20%, sometimes even higher) daily compounding interest on your USDT balance. Which means, you make money even when you are waiting in FIAT.

The biggest disadvantage is the risk you are taking by using a centralized exchange. If you don't mind it, then go ahead and make sum monneyy

[adaseb]

So you basically want to sell for fiat and then if bitcoin goes lower you buy it back. You use the same amount of fiat but you buy more bitcoin because its cheaper. Sure this is a great way of doing things as long as we are in a bull market. But what will you do if you sell, and the price keeps going higher and higher? Or you sell and it goes lower and lower?

Best is just to hodl if you think it has more growth long term. This type of scalp trading never works out. Especially for new traders. You might get lucky once or twice and get a better average of your bitcoin holdings but eventually you will sell at the wrong time and buy at the wrong time.

[Ascended_Intellect]

So you basically want to sell for fiat and then if bitcoin goes lower you buy it back. You use the same amount of fiat but you buy more bitcoin because its cheaper. Sure this is a great way of doing things as long as we are in a bull market. But what will you do if you sell, and the price keeps going higher and higher? Or you sell and it goes lower and lower?

Best is just to hodl if you think it has more growth long term. This type of scalp trading never works out. Especially for new traders. You might get lucky once or twice and get a better average of your bitcoin holdings but eventually you will sell at the wrong time and buy at the wrong time.

Usually the opportunity only surfaces when in a bull market which as we know is rare, less frequency is more favourable with risk management

[Cryptomultiplier]

Question
HODL is common practice with many Bitcoiners but has anyone braved the risk of changing out BTC for a stablecoin to then change back into BTC when the price has significantly lowered to gain percentages?

Personal Experience
I have held & traded, personal view is that the trading aspect is exciting (within reason) as it yields percentage points. Having a risk assessed figure in mind then switching out to wait for the prolonged market decline to join back draws very few negatives from my view.[/center]

It is a good opportunity you have found for yourself, giving that you can think out this way of trade that's going to favor you and your investment. It could perhaps be the building blocks on which your trading knowledge grows.

If you try out this method of selling and buying, you should also know how to scalp out your profits or better still, transfer them to a cold wallet so it doesn't get lost in trade incase you encounter loss.
If you do get stuck after selling your fiat to another currency and because of the sudden price movements you can't buy back BTC, it would be wise then to HoDL and accumulate separating your gains from the capital you intend to trade with of course.

Try to also employ technical and fundamental analysis of the market to see which is the best time to trade and to HoDL for longer.

[mk4]

You're free to do so if you want to. It's just that people underestimate how hard it is to pull it off, as most people who attempt to do such a 'strategy' just end up having less bitcoin than they should have.

Don't get me wrong, it's fun and it gives me a huge adrenaline boost when doing so. I just make sure I only trade with a very small percentage of my total portfolio.

[Faisal2202]

HODL is common practice with many Bitcoiners but has anyone braved the risk of changing out BTC for a stablecoin to then change back into BTC when the price has significantly lowered to gain percentages?

I once thought to do this but was not able to because I thought the market would come down after booking some of my seed profit, but it did not come down. And after that, whenever I planned to book some profit, I think of the past experience and didn't book any profit, and then the market made the opposite trend and came down. Just like the recent dump when the market touched $72k and then came down to $66k, I think.

And at the current time, BTC sits at $65k and I am thinking it might go down to $62k. Due to some indicators, and due to the current market situation, I am getting this feeling. Plus the recent act of US transferring the funds (only 0.001 BTC) of Silk Road (hack seized) might ignite greater selling pressure among new investors.

[Aanuoluwatofunmi]

HODL is common practice with many Bitcoiners but has anyone braved the risk of changing out BTC for a stablecoin to then change back into BTC when the price has significantly lowered to gain percentages?

Any experience bitcoiner should be used to this practice, most especially the traders, we aimed at making decisons like this to make profits when we have converted from one currency to another, many choose to hold in stablecoin before making further purchase on the market that interest them, or while waiting to see the market dumps then they buy and invest, some of us are used to buying the dip and hold, all are very common with us in cryptocurrency because we want to use such avenue in realizing the best for our own interest.

[batang_bitcoin]

Question
HODL is common practice with many Bitcoiners but has anyone braved the risk of changing out BTC for a stablecoin to then change back into BTC when the price has significantly lowered to gain percentages?

Mostly traders and investors does. Those that have taken some profits, they're able to convert into stablecoins to take it.

Personal Experience
I have held & traded, personal view is that the trading aspect is exciting (within reason) as it yields percentage points. Having a risk assessed figure in mind then switching out to wait for the prolonged market decline to join back draws very few negatives from my view.

That's all you have to do, save some in stable coins when you see the market is about to decline, taking some profits or you just want to cut your losses. It's a way to retain the value of your holdings and many does this on exchanges. But if you're long term and you don't care, HODL it until you're finally satisfied to sell.

[ajiz138]

Actually it is a good practice to sell BTC when the price is high to USDT and then buy again when the price drops like now, this is not an easy thing and will you know when bitcoin will have a significant correction? If everyone knows then I'm sure they will do it a lot because the percentage difference is obviously quite good, it's just that it's difficult to do this so they are better off holding on than selling when the price goes up again.

[Bitcoin_Arena]

The reason some long term Bitcoin owners just decided to HODL is because they don't want to go through the stress of selling tops and buying dips. Catching the top and the dip seems easy until you try to do it.

Imagine you sell off at $75K, think that is the top, but then the price continues to go all the way up to $150K. Someone who HODL all the way is on the upper had. Something as trying to catch the dip at 40K but then the price drops to $15K

[GreatArkansas]

Question
HODL is common practice with many Bitcoiners but has anyone braved the risk of changing out BTC for a stablecoin to then change back into BTC when the price has significantly lowered to gain percentages?

For me, the answer is yes because the strategy you're describing is commonly practiced in the cryptocurrency world, not just with Bitcoin but with other digital assets as well.

HODLing involves holding onto Bitcoin regardless of market volatility, with the expectation that is value will increase significantly in the long term.

[OcTradism]

For me, the answer is yes because the strategy you're describing is commonly practiced in the cryptocurrency world, not just with Bitcoin but with other digital assets as well.

HODLing involves holding onto Bitcoin regardless of market volatility, with the expectation that is value will increase significantly in the long term.

HODLing is a good strategy and Bitcoin since 2009 shows that DCA plus HODLing are very good to get profit through investment in Bitcoin.

It is applicable for altcoins too but only profitable when applied for good altcoins. Ethereum is a controversial altcoin but it is a second biggest cryptocurrency and a another good example for success with DCA and HODLing.

With other altcoins, this strategy can not help because they can appear and die quickly.

Dead Coins: Over 50% of Cryptocurrencies Have Failed

[hugeblack]

These are the first steps that many people take before they start learning trading, and then short-term trading, all the way to daily trading. They happen more and more towards the end of the four-year cycle. Therefore, you will find many people planning to sell 30% to 50% of their investments at a price of $130,000 to $160,000 and buy again at prices of $60,000 to $80,000.

[slaman29]

HODL is common practice with many Bitcoiners but has anyone braved the risk of changing out BTC for a stablecoin to then change back into BTC when the price has significantly lowered to gain percentages?

I guess you cans ee from some responses here, not everyone is actually a 'Bitcoiner' by original definition

The moment you let go of self-custody, you are not a Bitcoiner.

The moment you give up the security and trustless environment of Bitcoin network for a centralised stablecoin pretending to be crypto, you are not a Bitcoiner.

Besides, doesn't hold mean NOT selling? Is my English gone

[Natsuu]

Hello Everyone,
I'll keep this one short.
Question
HODL is common practice with many Bitcoiners but has anyone braved the risk of changing out BTC for a stablecoin to then change back into BTC when the price has significantly lowered to gain percentages?
Personal Experience
I have held & traded, personal view is that the trading aspect is exciting (within reason) as it yields percentage points. Having a risk assessed figure in mind then switching out to wait for the prolonged market decline to join back draws very few negatives from my view.

This is confusing, but still to make it shorter. To make money in this volatile market such as Bitcoin and other Altcoins, you only have one task. That is to buy low and then sell high. And if you get trapped from a high that the market sentiment turned bearish, then you can do dollar cost averaging. As much as you have high hopes for the project you are investing, just continue buying and compounding until the market get back to bullishness. And in order to do this all, patience and discipline is truly a necessity.

[dansus021]

BTC to Tether for percentage gain it is actually up to you bro but like you have said earlier before that some or most of people usually sell bitcoin at the peak rate and then buy more when bitcoin price at the dip and save most of their money into stablecoin.

But personally I never had long period of time stablecoin I either buy an altcoin or use to buy more the bitcoin simply Bitcoin itself is fight against the inflation rate if you buy today sound very peak at 67K level but hodl it for 4 year can still give u a decent profit by zoom out and by past data.

Tho if you scalper and always want to take profit when the market up and down the idea convert btc to stablecoin and back and forth is okay IMO

[Adbitco]

Most trader today deals with stablecoin and they can't trade without reserving their funds on stablecoin such as Usdt or USD. People trade over to stablecoin when they noticed the market isn't stable maybe tuning down to dip, and the market dropped to some certain level in price they may decide to buy back to fill back their portfolio. The buying and selling of bitcoin to usdt and other coin is what triggers the trading we have been saying and most people just like me mostly trade my bitcoin to stablecoin when I noticed serious dip in the market, when the market dip enough I may decide to double my bags.

[kentrolla]

Hey you have just explained what we call as trading and yes we do indulge into trading some do it often on a regular basis while other don't do it much often and it's th best way to increase your profits but trading is not for everyone hence people need to first try in demo account to see if they can cope up with the pressure the. They may decide to do it or not.

[Kelward]

So you basically want to sell for fiat and then if bitcoin goes lower you buy it back. You use the same amount of fiat but you buy more bitcoin because its cheaper. Sure this is a great way of doing things as long as we are in a bull market. But what will you do if you sell, and the price keeps going higher and higher? Or you sell and it goes lower and lower?

Best is just to hodl if you think it has more growth long term. This type of scalp trading never works out. Especially for new traders. You might get lucky once or twice and get a better average of your bitcoin holdings but eventually you will sell at the wrong time and buy at the wrong time.

The method sounds very profitable in theory but in practical it's not quite easy, because as you said, what if you convert your Bitcoin to stablecoins and price keeps going higher, that means that you're not going to miss out on the increased price profits, but I guess the method will be more profitable if price keeps dipping, because when you sale you'll have more Bitcoin. If it's an investor that's holding the Bitcoin, for long term purpose, then it's better just hodl the Bitcoin, knowing that on the long run, the price will always hit new ATH.

[Huppercase]

I'll keep this one short.

Question
HODL is common practice with many Bitcoiners but has anyone braved the risk of changing out BTC for a stablecoin to then change back into BTC when the price has significantly lowered to gain percentages?

One of the basic way to make profits From Bitcoin or any other coin is holding them and then sell when you know that the time is right but the problem with Bitcoin market is that there is not certainty, you can see Bitcoin at $70k today and in the next 24 hours, you see it in under $60k. So what some smart traders does is that they sell anytime the market has made a significant profits and buy back when the price is down again.

Doing this is risky as you may miss out but everything about Bitcoin is taking risk. For instance, you bought Bitcoin when it was $20k and then you sold when the price hit $73k, the price might go above that level but you u not and buy back again perhaps when we dip down to $40k, you will have accumulated more percentage of Bitcoin  and this process is profitable as long as you don't touch your trading capital.

Personal Experience
I have held & traded, personal view is that the trading aspect is exciting (within reason) as it yields percentage points. Having a risk assessed figure in mind then switching out to wait for the prolonged market decline to join back draws very few negatives from my view.[/center]

This method is great but there is one thing that one need to cut out, the urge to enter the market after you sold. Have you imagine selling at $70 and then Bitcoin went as high as $300k, will you be confident and less greedy not to fomo? If you can, then this method of accumulating more percentage of Bitcoin/more Tether will work for you for long term.

[Nrcewker]

This common practice is followed by almost all the traders mate. This is what trading looks like. You buy bitcoins or the desired coin when the price is down, and sell when the price goes up. Here you just telling us whether we use USDT or not. So yes many use USDT and many directly use the FIAT for this. So nothing new and astonishing here. It’s very common method followed by the traders in order to earn profits.

[Mpamaegbu]

Personal Experience
I have held & traded, personal view is that the trading aspect is exciting (within reason) as it yields percentage points.

Yes, trading is exciting. In fact, nothing excites like trading. The fact that one can make money from the confines of their homes or anywhere at all should excite anyone. I think people should endeavour to learn how to trade and jettison the 8-5 mentality, if they can. Add FX Trading and Stocks to the mix and you won't find the need to look elsewhere for a source of income.

Having a risk assessed figure in mind then switching out to wait for the prolonged market decline to join back draws very few negatives from my view.

Always find a way to take partial profit whenever your investment goes into profit. Then convert some to stablecoin and leave for the days of decline to buy the dip. That's how to survive this space.

[el kaka22]

I do agree that a lot of people tend to do something like this, but that doesn't change the fact that we are going to end up seeing people fail at it as well. Like sell your btc for fiat/stable and then the price goes up, so you fail to get better amount, that has to be the most important part.

I believe that the best thing to do would be just holding. This is why people hold, there is no reason why we believe that we can't make any money, we can definitely make some money, we just need to make sure that we know what we are doing, and usually that's the hardest part. I believe that readjusting to the market price is hard, and while we hold, that is a lot better and we just keep on making a lot of return by simply holding.

[tbct_mt2]

I do agree that a lot of people tend to do something like this, but that doesn't change the fact that we are going to end up seeing people fail at it as well. Like sell your btc for fiat/stable and then the price goes up, so you fail to get better amount, that has to be the most important part.

In a bull run that lasts for some months, more than one year, holding is key to get best profit. What you described is a most common mistake do touch during a long bull market. Want to maximize profit but we all can not predict the market well and accurately so we usually sell high with hope that market will correct down, then buy higher. We will still get profit by doing this but we will lose our bitcoins with it.

I believe that the best thing to do would be just holding. This is why people hold, there is no reason why we believe that we can't make any money, we can definitely make some money, we just need to make sure that we know what we are doing, and usually that's the hardest part. I believe that readjusting to the market price is hard, and while we hold, that is a lot better and we just keep on making a lot of return by simply holding.

Holding is best in a bull run. By holding, we also have a best preventive layer to avoid touching Margin, Leverages and Futures that bring bigger risk than trading with Spot. As said above, trading with Spot in a bull market is already bad enough for us to lose our bitcoin. With Margin, Leverages and Futures, it will be only worse and worse.

[tvplus006]

HODL is common practice with many Bitcoiners but has anyone braved the risk of changing out BTC for a stablecoin to then change back into BTC when the price has significantly lowered to gain percentages?...

This is exactly what trading is for, which allows you to sell coins that have reached a high and then buy at a lower price. But to make a profit, you need to be able to trade, otherwise the opposite will happen: you will buy at a high price, in order to sell at a low price later)