What do you think of Stablecoins, and do you use them ?

in stablecoin •  6 years ago  (edited)

View this answer on Musing.io


I wouldn't trust Tether to hold as long term "investment". But when you go in and out of trades fast it's not that important imo. Fundamentals only matter on the long term. 

I don't use Tether myself since there are better alternatives available. For example Trueusd.

Options are also a good alternative to hedge your long positions with. In the stock market, al lot of professional traders use them. Since they are a way to do cost base reduction. You can now trade Bitcoin options on Deribit:

https://steemit.com/bitcoin/@niel96/how-to-trade-bitcoin-futures-and-options-with-deribit

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  ·  6 years ago (edited)

https://www.facebook.com/groups/218612071968287/permalink/583176845511806/

Check this post, it's very informative. Do you know what hedging means? You can hedge in the same way but then with put options. And it's even more cost effective.