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josefjimenez

Is it a good idea to change Bitcoin to USDT (Tether)?

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My friend, usdt, a great currency and reliable, has a lot of security in general, but it is a limited currency and its price is limited and does not evolve so it is not good to convert bitcoin into that currency, because you will freeze your whole owner in it. 

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Passing everything to USDT is a great option when the market is in the red, and also to operate without risk of losses due to a fall in BTC that is the one that causes so much instability in so many cryptocurrencies, so it is better to operate with USDT always and when the markets are not very stable.

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On 10/13/2020 at 2:04 PM, josefjimenez said:

The vitality of Bitcoin can generate great losses and great benefits, but what is the best time to change our Bitcoins to USDT (Tether) token? Or is it not highly recommended to have USDT (Tether)?

I think that buying USDT (Tether) when Bitcoin reaches a high price can be a very good idea because we can have good profits after Bitcoin falls in price again. USDT (Tether) is a cryptocurrency pegged to the dollar and I think it can be used to avoid losses due to the vitality of Bitcoins.

You are right and till now bitcoin has high price and are increasing and now its big opportunity to buy some coins with it and I also buy talk tokens from bitcoin because talk token is at very low price so I think it gain its price and i will earn double profit but now just have to wait for it .

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Dear friend I think you should not change your BTC to Tether. I suggest you that you should hold your BTC for some time because nowadays the price of BTC increases incredibly and after some time you can see that holding of BTC gives you all lot of profit.

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On 10/13/2020 at 2:04 PM, josefjimenez said:

The vitality of Bitcoin can generate great losses and great benefits, but what is the best time to change our Bitcoins to USDT (Tether) token? Or is it not highly recommended to have USDT (Tether)?

I think that buying USDT (Tether) when Bitcoin reaches a high price can be a very good idea because we can have good profits after Bitcoin falls in price again. USDT (Tether) is a cryptocurrency pegged to the dollar and I think it can be used to avoid losses due to the vitality of Bitcoins.

I don't think so that it is a good idea in anyway as  price of Bitcoin is increasing more and more and also other currencies prices depend upon Bitcoin so you USTD depends on Bitcoin .

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No dear its not a good idea . don't change your bit coin into USTD because bit coin is becoming more popular and its price also increase I advice you to hold your bit coin and sell it when its price goes up you get more profit.

 

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On the contrary, keeping your currencies in Bitcoin is the best investment, because no matter how many days pass by, its price will continue to rise due to the decentralization it enjoys.

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On 10/13/2020 at 3:33 PM, George10 said:

You are absolutely right mate we can exchange our bitcoins to USDT when we believe it has reached it's high price and likely to drop once again so that we don't face the losses and when the price dips we can exchange those USDT we were holding to bitcoins again to make some profits.

exactly, you said the truth. the only thing that can make you to convert btc to usdt is when btc hit the highest value during pump, then you quickly convert your btc to usdt when you know that it has started dumping and again after dumping to a certain value and notice pumping, then you quickly buy btc with the usdt. Another thing that can make someone convert btc to usdt is the current high fee of btc when withdrawing.

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If you do trading you have to convert your profit coins in a stable coin. Otherwise your profit can be decreased. Many traders use this method to reduce their losses. So you should buy USDT if you wanted to reduce losses. 

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On 12/29/2020 at 6:15 PM, selfmade said:

It depends, if you buy USDT when the price of bitcoin is low then it is not such a good idea because you would be in the risk of missing out.

you are right, we just using to buy USDT once the price of bitcoin is already moving high, and you have just to sell USDT once the price of bitcoin is fling down.

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If everyone knew when the bitcoin price would drop, everyone would have bought Tether at the same time, waiting for the Bitcoin correction,
Perhaps you can buy the Tether currency if you want to trade currencies opposite to Tether and not corresponding to Bitcoin as well,
For me, I keep an amount of Tether for trading, along with an amount of Bitcoin too,
Diversification is always the most important thing.

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It is about the Bitcoin market and its price.
When the price of Bitcoin rises to a very high price, I recommend exchanging bitcoin with (usdt) and repurchasing when it drops in bitcoin.
As for when the price of Bitcoin is low, it is self-evident that we exchange what we have from (usdt) currency for Bitcoin. In this way, we will definitely achieve high profits, but it requires constant monitoring of the market and some experience in predicting the next price.

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Yes you are right my bro. It is right we not the convert the bitcoin in USDt Because it is not helpful and not working more bitcoin Because it's price is more volatile and I think bitcoin good but USDt is not useful.

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We cannot say that there is a time to buy and a time to sell in general, but through technical analysis you can determine the support and resistance points on the chart, so you can know the right time to sell and the right time to buy, through the technical analysis of Bitcoin and certainly with monitoring the Bitcoin Dominance and the volume of the Coin Market Cap .

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Is very right, because this way we insure our money in case BTC has a strong fall and more now that its value has risen a lot in less than half a year so its fall is expected and if we pass it to usdt we have the advantage of not losing to this.

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Yes you can change btc to USDT. This is trading on cryptotalk forum. So, be aware about the lose when you changing the coins to USDT. 

But if you disturbed from volatility of price of bitcoin, then you constantly see the volatility of btc. When it is at high points then soled/change your coins.

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If it is a good idea as long as you see that the market is very volatile or that you are not sure, however, it is best to have invested in btc because it will continue to increase in value and this is a good thing to obtain more profits.

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On 1/2/2021 at 12:51 PM, YASIR KHAN said:

Dear friend I will suggest it to you that can convert the btc into talk tokens because it's a valuable currency as well so do it to gain the maximum amount of profit from it. Talk tokens are also now available at a very low price so buying them will give you alot of profit. 

If we have guarantee thats talk token will have demand in the future, thats might be the good time to buy it because of its lowest price, but if it is not having such good future, you don't have to invest on it.  

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On 1/9/2021 at 1:10 PM, guatazoo said:

If we have guarantee that's talk token will have demand in the future, that's might be the good time to buy it because of its lowest price, but if it is not having such good future, you don't have to invest on it.  

Its very hard for the talk token to be recovery again to have demand till the talk token will be not paid and used for the certain uses, so there is how it will become with demand.

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I think that it is a good idea to change bitcoin to tether especially when you predict that the price of bitcoin will fall as this will help to maintain the value of your earnings even after bitcoin value drops and this will especially be useful during halving.

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16 hours ago, Takhisis said:

best time to sell your crypto currency is when it breaks down the trend lines and support. then you can buy it back from lower support. with stop loss, you can find the dips with minimal lost. however if it break down major trend, then the time for full exit to tether is came  

mostly of people in the crypto world they are not buying the coin at the support line, but they are always buying the coin to any price and waiting till it rise again to sell it then.

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If in a bearish trend for Bitcoin, converting them into tethers might be a good idea but with only one condition that you will buy it back from the dips. If not done so, you will end up only by losing your valuable bitcoins.

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You are right my friend, the same reason that can make you earn a lot can make you lose a lot, the vitality of Bitcoin is the main reason people are so willing to invest in it. But to transform your bitcoins to tether , means that you are depriving yourself from the profit you may get when Bitcoin will reach high new prices, which I expect is going to take place really soon. Take your chances and keep your Bitcoin.

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If you look that bitcoins are going to at low price than i suggest you to change your bitcoins into tether USD. This has also easier transaction than others but don't use it for trading. I prefer bitcoins for trading.

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Generally if you want to do trading and make money then deal in btc or other crypto. They are volatile thats why people are trading it. If you want to be safe and just using crypto for other purpose then choose stable coins like USDT. Both have its purposes, its on you how you choose.

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Panic sentiment sharply intensified after the announcement on 24 June that creditor payments for the bankrupt crypto exchange Mt.Gox would begin in early July. The total amount of funds to be distributed among former clients is 162,100 BTC, roughly $10 billion. Bitcoin responded to this news with an 8% drop. It’s no surprise – such a volume of coins flooding the free market can seriously knock down prices. In the derivatives market, long positions worth $177 million were forcibly liquidated, and the total financing rate for futures contracts turned negative for the first time in June, indicating that sales exceeded purchases.   It is precisely on the expectations of Mt.Gox debt payments that the flagship crypto asset's quotes reached the lowest level in the past eight weeks last Monday. In this situation, two things are encouraging. Firstly, the deadline for repayment falls on 31 October, and it's possible that payments will be made in parts over four months rather than all at once. And secondly, there is hope that not all creditors will rush to convert their bitcoins into fiat, but will hold onto them, hoping for price growth.   In addition to the above, BTC miners exerted some downward pressure on the market. It became known that their coin reserves reached a 14-year low, as they had to sell a significant amount of BTC due to the April halving to cover operational expenses. Recall that the cost of mining bitcoin, according to JPMorgan analysts, is $53,000. Historically, this cost level is a strong support for BTC/USD. However, even in March, JPMorgan did not rule out that after the halving, bitcoin could temporarily fall to $42,000.   In the absence of positive signals, the demand for spot bitcoin ETFs continues to decline, major market participants slow down their activity, and start to take profits. This also pressures the prices. CEO of investment company CryptoQuant Ki Young Ju calculated that over the past two weeks, bitcoin whales and miners set a record by selling coins worth $1.2 billion.   According to 10x Research, all last week, US spot BTC ETFs recorded investor outflows, and on 21 June, net outflow exceeded $105 million. 10x Research believes that bitcoin will now need to find a new price range to stabilize the decline and then find growth catalysts. In the medium term, according to 10x Research analysts, it is not worth expecting BTC to return above $70,000.   Popular analyst Matthew Hyland noted that the combined bitcoin balance on centralized exchanges reached a multi-year low. In theory, this could be seen as a bullish signal, but the crypto market leader is not yet eager to show an upward trend. Naturally, the publication of key US economic data could serve as a vector for further cryptocurrency movements. If the Fed takes its first step in easing its monetary policy in September, it could support risky assets, including bitcoin. According to Cryptology experts, the chances of bitcoin reaching a new all-time high by the end of September are quite high, and what is happening now is a phase of accumulation.   Despite the current decline, many investors remain optimistic, citing the cyclical nature of the crypto market. They also do not forget about the US elections. For example, former Goldman Sachs CEO Raoul Pal predicted significant bitcoin and cryptocurrency market growth in Q4 2024. In an episode of The Wolf Of All Streets podcast, the financier noted that risky assets like bitcoin usually rally against the backdrop of US presidential elections. "The final quarter of an election year is a real 'banana zone' for all assets. It always is," Pal optimistically stated, noting that the "banana zone" for cryptocurrencies in autumn is much more pronounced than, for example, for the Nasdaq index.   Bitcoin was also supported by billionaire Michael Saylor. His company, MicroStrategy, is one of the largest bitcoin holders in the world, with 205,000 BTC on its balance sheet. Despite the negative trend, it increased its reserves by another 11,931 BTC (over $700 million) in the past month alone. Saylor is convinced of the first cryptocurrency's ability to grow to $10 million with support from China and other factors. He believes that in the future, governments, especially China, will fully embrace the first cryptocurrency and integrate it into the state infrastructure. The entrepreneur declared all pre-bitcoin economic instruments obsolete. "Before Satoshi Nakamoto, economics was a pseudoscience. All economists before Satoshi tried to develop economic laws with shells, glass beads, pieces of paper, and credit instruments," the businessman wrote, calling bitcoin a "perfect asset."   In previous reviews, we already wrote that the launch of exchange-traded spot ETFs on Ethereum could give a certain boost to the digital asset market. On 25 June, SEC (US Securities and Exchange Commission) Chairman Gary Gensler noted that the registration process for new ETFs is "going smoothly," and the approval date depends on how quickly applicants submit adjusted S-1 forms. Bloomberg analysts call 02 July the expected approval date for new products. Reuters, citing anonymous sources, reports that a consensus has been reached between fund managers and the SEC in negotiations, and only the "final touches" remain.   Co-founder of venture company Mechanism Capital Andrew Kang stated that after the approval of ETH-ETF, Ethereum's rate could correct by 30%, falling to $2,400. In his opinion, at this stage, the main altcoin attracts much less attention from institutional investors compared to bitcoin. Based on this, ETH-ETF will attract only 15% of funds compared to what BTC-ETF received at the start.   Kang noted that to increase Ethereum's attractiveness among investors, its ecosystem needs to be positioned as a decentralized financial settlement layer, a global computer, or a Web3 application store. At the same time, it will be difficult to sell new ideas for Ethereum's application to funds, as the asset is perceived by investors as an overvalued stock of a large technology company.   Significantly more positively views the future of Ethereum Matt Hougan, CIO of Bitwise, a company managing cryptocurrency funds. In his opinion, the appearance of a long-awaited exchange product is undoubtedly a positive factor, and the net inflow of investments into ETH-ETF over the first 18 months will amount to $15 billion. In his analysis, he relies on the experience of Canada and the EU, where in similar products the inflow ratio for Ethereum and Bitcoin is approximately 1 to 4 (i.e., 25%). In other words, if in the first quarter of work for spot Bitcoin-ETF the total inflow was $26.9 billion, for Ethereum it is expected to be at the level of $6.7 billion. In this case, in three months of work, the leading altcoin could rise to $4,400-5,000.   CEO of SkyBridge Capital Anthony Scaramucci believes that the price of Ethereum could rise even higher, reaching $10,000-12,000. Regarding bitcoin, the entrepreneur allows for its growth to $170,000-250,000. The main driver, in his opinion, will be the further institutional acceptance of cryptocurrency. Scaramucci called the approval of spot exchange ETFs an important regulatory barrier breakthrough for attracting new capital. Thanks to this, in his opinion, the share of digital gold in the portfolios of major players will soon be about 3%.   As of the evening of Friday, 28 June, BTC/USD is trading at $60,190, and ETH/USD is in the $3,390 zone. The total crypto market capitalization is $2.24 trillion ($2.34 trillion a week ago). The bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has dropped from 63 to 47 points over the past 7 days, moving from the Greed zone to the Neutral zone.   In conclusion, here is another observation from Matt Hougan. The CIO of Bitwise presented three reasons why long-term investments in both bitcoin and Ethereum are more advantageous compared to investing only in bitcoin. These are: 1. portfolio diversification 2. the opportunity to earn on very different ecosystems and 3. economic benefit.   Considering the difference in the capitalization levels of bitcoin and Ethereum, Hougan believes that 75% of the capital should be invested in BTC and 25% in ETH. According to calculations, over the period from May 2020 to May 2024, the yield of such an investment portfolio is 3% per annum higher than one that only contains bitcoin. However, Hougan acknowledges that in the shorter term, a portfolio including 100% BTC outperforms a diversified one. Moreover, investing only in bitcoin carries fewer risks due to its higher market capitalization and features such as limited coin issuance and a phased reduction in the inflation rate to zero.   NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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