I can't wait to tell all my friends I wasn't crazy!

jondoe (85) in hive-148441 • 4 years ago

Banks are going to start storing crypto you say?

I'm not sure about you, but this sounds like pretty good news...

(Source: https://twitter.com/muneeb/status/1285993254392082433)

The best news in all of this?

I can tell all my friends that I'm not actually a crazy, I'm just a bit early.

I am not sure if this is the reason or not but bitcoin seems to be pumping right now as well:

(Source: https://bittrex.com/Market/Index?MarketName=USD-BTC)

It's funny that I call a 1.5% move up a pump these days.

hive-148441 bitcoin crypto news steemit life blog investing

4 years ago by jondoe (85)

$13.28

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rossfletcher (69) · 4 years ago

I'm really new to all this. I've been doing a bit of this and that on Bittrex and wonder could you explain USDT? Or maybe suggest where I could look to learn more about that? Thank you :)

$0.00

1 vote

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jondoe (85) · 4 years ago

USDT is pegged to the US dollar. It is called a stable coin and is a trading pair with many other cryptocurrencies. Investors often hide out in USDT when they want to go to 'cash' or when they want to transfer money.

$7.44

6 votes

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rossfletcher (69) · 4 years ago

Thanks :)

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jondoe (85) · 4 years ago

You got it. Steem offers very good returns in terms of just participating on steemit.

$8.25

8 votes

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rossfletcher (69) · 4 years ago

I waited a long time to actually start trading or buying other coins. I'm not even sure half the time how to talk about it. It's something of a foreign language in a sense. Thanks again!

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jondoe (85) · 4 years ago

I can understand that. There is a steep learning curve, that is for sure.

$7.01

3 votes

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haikubot (54) · 4 years ago

I can understand
That. There is a steep learning
Curve, that is for sure.

^{- jondoe}

^{^{I'm a bot. I detect haiku.}}

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jondoe (85) · 4 years ago

I'm never been much of a poet, and I know it.

$7.09

6 votes

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surpassinggoogle (76) · 4 years ago

USDT is a digital currency that is stable, pegged to the US dollar. People use it at times to hold their profits when they trade other digital currencies that fluctuate. You find USDT on popular exchanges like bittrex as direct pairs against BTC, ETH and other digital currencies. You can learn alot about this even passively by being here and consuming content and via your approach, which is 'doing this and that on bittrex'. On coinmarketcap, you can pick whichever coin you want and visit their websites directly to read about them. Some or most of these digital currency have an underlying blockchain and other utilities besides just trading or 'financial services'. For instance, STEEM currency is backed by a blockchain called steem, which has built on it several applications. STEEM has several utilities, e.g you may want to buy it to power up and have influence on the social platform called steemit. you may need steem for resource credits, you may need it to power up to claim steem accounts to run a service that allows instant sign up, one may buy it to pay for services on apps that only accept steem etc. This applies too to many of the digital currencies you see out there.