How tether is #2 in trading volume >> Well explained

I came across a post here on steemit asking for explanation on how Tether (USDT) became the second most traded coin . I thought i should shade some light on this point so as to clarify thing and get some of us more educated about the crypto currency which I and so many others call "crypto dollar"

Tether is more like USD in crypto world. Most traders in the crypto currency market have noticed that tether is not a coin to invest in but rather a coin that could be used as a back up when the market is in its dip. By dip I mean when most coins are losing their value. This is because tether price never falls below $0.9 and also not above $1.2 or 1.5

As a trader if I have BTC in my wallet and the price of BTC is dropping (remember price is the purchase power), I will only do myself good by saving my BTC in tether (i.e. buying USDT) which have only slight change in price. when the price is at its deepest price (from your experience as a trader you should know this), you buy BTC again; now you will be getting more BTC coin because you bought at a cheap rate and when the price (purchasing power) grows back to normal you can use it to continue your trading.

In other words USDT is a backup coin in the market and also used when supposed to pulse in trading to save and also get even more gain.

I hope this helps? If you have any more or want to add to this (anyone at all) please do we are all here to learn and earn.

If this helps you answer your question or improve your trading skill please follow and up-vote my posts. This is a way of showing appreciation.

The question post: https://goo.gl/W3GwQK

Thanks RichardGerald