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RE: Some thoughts about Tether and probably a safer alternative - Bitshares' bitUSD
the more i study about day trading in crypto the more i dont like usdt it has always seemed a bit sketchy to me. when the market was running toward 1 trillion cap i was thinking then what if everyone sees the drop coming and puts it in usdt their is no way they have that kind of cap to cover. i am new to this so maybe my thinking is flawed but how i seen it was market it 1trillion everyone braces for the pull back by converting to usdt then market drops to 500billion and everyone want to buy back in but usdt cant cover am i correct in thinking this
I have been in crypto for about a year now and don't trade at all (just HODL) and right now even during this dip I am currently at all time highs against not only fiat but also BTC/ETH as well. Moral of the story is if you pick platforms/projects with substance you don't need to switch your positions constantly to make some major gains... Doing this avoids having to deal with shady stuff like USDT, it avoid the constant tax ramifications for all the various transactions, it avoid having to leave any of your holdings on exchanges ready to be traded... basically it really doesn't have all the negatives of trading, but can get most of the same potential upside if done right but requires a lot of research into the coins/tokens you invest in so that you make the right long term choices at the right opportunity/entry-time. Just my 2 Satoshi's...