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

[matias estigarribia 1605]

If you start saving without your coins being returned it is the best idea, save in USDT and DAI since they are stable coins. If you want to bet and expect the BTC to continue to rise it is also a good idea.

[Amiami 1362]

The benefit of USDT, this in its name Theter is a stable coin, therefore it serves as a refuge from the instability of the markets, however the best time to buy it is subjective, since it depends entirely on the user, for example, I  I do it when I consider that I take my daily profit, traders usually do it when they go to sleep, so it all depends on the needs of who trades

[ramsar 195]

On 11/5/2020 at 8:36 PM, Maaz sultan said:

Now a days as we are seeing the price f bitcoin is going to higher and higher so its not a wise idea to convert your bitcoin,btc to tether,usdt now a days the price of bitcoin is almost touch to 15k usd which a high price .

I share your opinion on what I said, and it is a good idea and we are on the verge of entering a price above 16k
But there is another matter that may support your good idea, which is to divide what you own into three parts
A part is converted into an usdt
Part of Bitcoin is left to increase and rise further
And a third part is traded and profit with it through scalping trading
I hope that everyone will benefit from this rise, even though the currencies are in a great decline
But I hope that the compensation will be made after the Bitcoin stabilizes

[Calvinpriva 17296]

Of course is a good idea to change Bitcoin to Tether because you will decrease loss. We know Bitcoin is a volatile currency, you can lose your money in volatility market if the price will be going down. But you can not lose your money by holding in Tether because its a stable coin.

[Dorjoy12 8962]

Without any doubt its good to convert Your btc to usdt when the btc price pump hugely like now because soon btc will dump again so if you convert your btc now to usdt then you will have the same amount of usd though the btc dump.. We all know that usdt is stable currency so there has no chance it price will dump.. Thus you can convert your usdt to btc when btc price dump and you can get huge amount of btc.. Hope you understand the strategy of btc and usdt..               

[Sayyam khan 608]

This is very good suggestion if you have bitcoin and bitcoin prices become higher then you have to convert it in usd it is best option for you to earn profit in this way you can safe you with lose so don't be greedy to earn more in this you will lose what you have

[Cryptic 0]

Yeah since one of the strategy is to trade the BTC to any stable coins like USTD once the bullish occur, in that way even if the price of BTC would goes down it will not affect price of USDT since like what I have said it is stable coin meaning its price barely change unlike the other crypto that are volatile that the price change over time or in just a short period of time. 

[pacific 2268]

10 minutes ago, Cryptic said:

Yeah since one of the strategy is to trade the BTC to any stable coins like USTD once the bullish occur, in that way even if the price of BTC would goes down it will not affect price of USDT since like what I have said it is stable coin meaning its price barely change unlike the other crypto that are volatile that the price change over time or in just a short period of time. 

@Cryptic You're absolutely correct. Often traders exchange BTC with USDT, to keep their funds safe, or at least if bear market turns in, their funds are stable at times. So, it seems nothing is stable at cryptomarket, and changing your funds to USDT at the right time, could save you from loss as USDT are backed by USDs(fiat currencies) and moreover it is pegged against the U.S. dollar and maintains a 1-to-1 ratio with the U.S. dollar in terms of value. So, there's no any chance to lose funds in case of bearish markets and often crypto traders prefers the exchange of Bitcoins with USDT.

[cryptovlek 2597]

If you are trading it is of course a good idea and you can either switch to USDT or other stable coins like BUSD or USDC. There are at least ten lately and they all do the same thing they are stable and have a price that is one dollar.

[jermaine05 179]

this is a way to protect yourself from the volatility of the btc by passing them to usdt their value will not be affected

[annayks 2314]

It is trading you sell your bitcoin and you can hold Tether. If you don't want Tether you can sell to USD in some exchanges but there are not all that have fiat currencies available so you have to find which ones you can use to withdraw to your local currency.

[bogdanoff 3173]

You said it yourself, you are trading and you want to sell and wait for price to go down. This is one of the reasons for Tether. It is being used for more reasons but it is most for that. To trade and exchanges to have something to back the trade.

[minisrt_black 1112]

I think not because bitcoin is more popular than USD and it has a great future

[kryptonick 2659]

If you think that bitcoin will be going lower then you can trade your btc to usdt. This is the token created by parent company Tether that has ties to Bitfinex, basically the same owners.

[leakydonney 1402]

30 minutes ago, blessing95 said:

USDt is a stable coin and most of people use this currency to collect their profits. Also when withdrawing or trading usdt is also very good especially when trading it against etherium but its never really good to convert your bitcoin to etherium especially when you don't want to use it immediately

That's true my friend as Tether is a stablecoin backed by the value of the US dollar, its price fluctuates a lot less. That means you can protect your money during Bitcoin’s volatile price swings by keeping your funds in USDT.

[MuhammadSh 3067]

This depends on the situation of the market and on the price of bitcoin.. you are comparing with the a stable cryptocurrency and the most profitable and volatile one in the market.. so if the price of btc is low it's a good opportunity to buy and when the price go up it's a good one too to sell with some profits! but when you aren't sure about the trend of btc price so it's better to convert your money to usdt in order not to lose your money in a while!

[malik6314193 5449]

USDT is stable coin and have not been affected by the market fluctuations. It will be good to store your assets in USDT when bearish start in market. But when bullish start in market you should store your assets in any crypto currency.

[Jromz 2158]

If one is doing trading with the pair BTC/USDT, then one should sell their bitcoins for USDT once the bitcoin price reaches a predetermined take profit zone. When it comes to investing many people like to "freeze" their BTC during bear markets by converting them to USDT and then reconvert them to BTC once the price goes up again. 

[leakydonney 1402]

9 hours ago, malik6314193 said:

USDT is stable coin and have not been affected by the market fluctuations. It will be good to store your assets in USDT when bearish start in market. But when bullish start in market you should store your assets in any crypto currency.

That's fact my friend as we know that the main primary purpose of Tether is to provide liquidity and a hedge against market volatility, so it's better to exchange into Tether during bearish and into BTC when bulling 

[Zalaks007 543]

USDT is actually good but looking at the current trend market, changing BTC to USDT is actually not a good idea because bitcoin price is getting higher day by day and even when the price drops u can still sell it and get a profit from it. And also it can be use to do your transactions in all exchangers compared to USDT which have limited sites that accepts it.

[cryptolover45 1187]

Yes it's a good idea to change bitcoin to usdt coin, I think every people convert bitcoin to usdt when Bitcoin price pump in the market. Experience trader convert coin to usdt because usdt price is stable, I also convert bitcoin to usdt coin.

[Sykkuno 2887]

It is a good idea to sell for tether when you expect the prices to start dropping. But not very good idea when prices are rising and there we have a bull market like now. I don't know if you can spot the top and can sell accurately but you can find some good position to sell for tether and expect to rebuy lower and increase your Bitcoin.

[Ryken8 545]

In terms of investment it is stilll advisable to hold bitcoin long term to get optimal gains. Conversion to USDT is probably only for short term trade when you think bitcoin price had reached a peak where you can make a profit and you want to avoid lossing the profit when the next price correction occurs, but then again you would also lose the opportunity to gain more profit if bitcoin price rise further.

[iloveyobit 6599]

If you only trade and achieve your profits in Bitcoin, the best solution is to use the stop loss feature because it is impossible to know the direction of Bitcoin due to manipulations, so it is always better to use a stop loss.

[Fixfin 2569]

If you are asking about this time now, then not. It is a very bad idea to sell your Bitcoin and hold tether as you will lose all the profits from the bull run we are now on. If you think it will be over you are wrong too, as it just started and you should wait for the better. As you can see the more price rises the better our profits.