I have Converted a nice portion my bitcoin and ether portfolio to USDT on the last couple of days when bitcoin was up doing its mini bull run to the maximum of 11,700$ as seen in this chart:
It seems that bitcoin reached a resistant level at this price and is now doing another not so small correction.
I thought it will happen because I think it will take time for bitcoin to get back to the highs introduced on the first half of december when it was on a major bull run that was caused mostly by weak hands trying to get reach quick as bitcoin futures was announced to be traded at stock market.
Now Im hoping that we got rid of those weak hands and most of the people that is in now are smart money who understand what bitcoin is and believe in it and therefore will not buy like crazy or sell like crazy - these are the people that we need in bitcoin.
now Im trying to figure out if its "shopping time" for cheap crypto (for me atleast :)) or that I sould wait a little more after the weekend as most of the times weekends tends to bring the prices further down.
in any case I can see now that I've made a smart choise by selling some of my cryptos to USDT firstly because of the reason that I described above that I can buy back more crypto then I got before, now that everthing is low and secondly, I like the fact that I own a coin that is not moving constantly in price value, this gives me a sense of stability, even though I could potentially lose if bitcoin suddenly goes on a second major bull run - Im willing to take that lost just for that feeling, this is just a portion of my portfolio (about 30%)
Crypto maniac out
I absolutely love the idea of USDT, you can certainly make a lot of money using it if your smart about it. Many people are shying away from it these days because of all the FUD, seems like a bit of a ticking time bomb?
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You made a good choose there. Yes, next week can be good opportunity to make further move. Thank for this informative post. Hugs from Spain.
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Hey @oren how does USDT work exactly with regards to withdrawals, saw on an exchange the other day USDT growth was better than bitcoin and wondered what the real difference was...
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Hey @oren730
I would be a little bit careful with USDT...there are some investigations running against them! watch out :)
Good luck !
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Also sold off quite a bit of Bitcoin, just the ones I was able to sell. Storing some coins long term that I'll just hold onto, can't sell them until the time-locked transaction expires.
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Wow. Good for you :)
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USDT has also some unresolved issues. So best not hang on to it for to long.
http://fortune.com/2017/12/05/bitcoin-btc-price-usd-tether-limited-bitfinex/
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That was a wise decision I wish I had envisioned something like this before time.but anyways,money is still to be made. Please check through my posts and upvote or resteem as you see fit. Thanks
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The largest systemic risk to the crypto as a whole is Teather,when it goes down like bitconnect we could see bitcoin under 3k.When their auditors walk away there couldnt be a clearer red flag.It could be helpful for avoiding corrections but then again so is USD;dont have any capital in Teather when the music stops,you'll regret it
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Just keep hodling, just keep hodling, just keep hodling...
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You should be using USD instead of tether which might actually be tethered to USD but might not be around all. Tether was supposed to undergo audits to confirm legitimatacy but those never happened...
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good friend post
I invite you to see my blog I am new in this beautiful community I hope you like my blog greetings
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Excellent very good post with extraordinary and interesting information very good graphics great contribution thanks for sharing I learned something I did not know, if you can support me with a vote greetings
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Good job @oren730
Thanks you for sharing
Previously I apologize if commented, because it does not match the topic. But I am sure you are a good and caring person, I am very sure you are too great person of course, I am very motivated with you @oren730
You love to travel, on the way you meet abandoned children, I am sure you are a caring, loving and loving person that children can smile at children, it will be nice even though the valentine moment has passed. I am sure you will want to be discouraged, if you do not mind visit my bloq, i hope you can give input to my writing and direct me @oren730
Give a little smile (Save the children)
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