RE: Some thoughts about Tether and probably a safer alternative - Bitshares' bitUSD

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Some thoughts about Tether and probably a safer alternative - Bitshares' bitUSD

in cryptocurrency •  7 years ago  (edited)

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...

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