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RE: Weathering the Storm: How to Capitalize on a Crypto Market Crash
Great advice in this post. Red means buy, green means sell - so basic but amazing how many people have it backwards. I don't know much about Tether, but I've seen references to it a lot lately. Maybe it is a good choice for a more liquid and stable trading mate with BTC, I'll have to learn more about it!
Emotion often defies logic when it comes to trading (this is where confidence comes in). In regards to Tether USDT, it is a cryptocurrency pegged to the U.S. dollar. This means that 1 USDT = 1 USD at all times. In reality it's more like 1.03 USDT = 1 USD but you get the idea. What this allows is if BTC for example is at $4000 USD, you can trade it for $4000 USDT. The next week, BTC drops to $3200 USD. You now use your $4000 USDT to buy BTC at the lower price. The advantage here is your $4000 USDT doesn't go all over the place in value because it is a pegged currency. I'll go into more detail about the pros and cons of USDT and other hedges in a future post. Hope that helps :)
P.S. Check out my first post...it's my cat :D