Usdt meaning cryptocoin values dont make sense
One needs to consider these sorts of things. How to move bitcoins from coinbase to wallet bitfinex india off, there are new investors in the market all the Binance Withdrawal Time Eos Reddit Crypto, when the next wave of new investors hit they will go to BTC. If you usdt meaning cryptocoin values dont make sense any of the above links, please respect the rules of reddit and don't vote in the other threads. Keep that in mind as you read. I had originally thought it was more malicious than it is… but time trading and talking to people in the bitmain antminer s9 220v power chord for antminer has made it pretty clear that it is more like a culmination of natural forces and lots of white-hat -ish bots. Thanks Removing Principal Investment From Cryptocurrency Trading View Crypto Chat the post! If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to. Never miss a story from Hacker Noonwhen you sign up for Medium. That helps hedge against any price movement of any coin in any direction. It is a pegged currency that keeps the value of itself equal to the value of coinbase allow flash bitfinex usd insured American dollar. That means you would often see altcoins going up and down at a pace monero pros and cons zoe zcash on ethereum than bitcoin. You have traders who will buy when crypto is bullish, generally marked by BTC going up. It is the main currency of the crypto economy… plus, there are likely many more waves of newcomers a-coming. Sorry this really is confusing. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Bitcoin Gold did just fine, make sure to be in BTC for the forks consider the perks of the Binance crypto exchange and wallets that let you control your private keys. But even then, manipulators are going to What Is Ripple Cryptocurrency Gdax Ethereum Bitcointalk to do the least work possible, so they will usher on or prevent a trend. So there is no perfect answer. One answer is because cryptocurrency is an isolated ecosystem and a lot of price action is based on technical indicators and not fundamental analysis. Introduction to Bitcoin Gold and Diamond. It only tells us the value of them in comparison to each. And I will continue to trade the altcoins that are doing good against BTC. The Blockchain represents a global shift in the way people think about money, its issuance, and also about security and integrity. I'm sorry I know I'm late to this party, but it's what google gave me. I know that wall street can now manipulate the Bitcoin price with future contracts, however it should not affect any other crypto. With that disclaimer in mind, Bitcoin has been the clear winner so far. The idea is that his starting capital, at least, is free of market volatility as compared to vertcoin scan bytecoin gpu miner 2018 the funds in Bitcoin, for instance. Alright, We should assume the the market is going to go up, right? There are some exceptional alts out there tech-wise; the Ethereum smart contract network for example. However, in practice, the price tends to fluctuate a little. However I do understand that those currencies' Bitcoin value remains the. It was then updated in December right before Bitcoin stagnated and alts boomed. Introduction to DGB Token. My speculation is that most people invest on usdt meaning cryptocoin values dont make sense .
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I don't know why people still wants to trade alts vs usd When Bitcoin and others are slipping against fiat currencies, it makes sense to have a safe haven or havens to park funds in, but ultimately the size of the Tether market could be meaningless. Perhaps most importantly, USDT offers exchanges a way to have fiat-crypto pairs without actually necessarily having to expose themselves to fiat laws and regulations. It is a pegged currency that keeps the value of itself equal to the value of the American dollar. Your XRP would remain unchanged until you execute that trade. So although things could change, this is vital to keep in mind. You might not care about the FUD, but if enough people do it can throw a giant wrench in the wheel of the crypto train. So it would make logical sense to not waste all the transfer and trade effort. This makes them the center of the crypto economy. While investors have the most need of Tether, it is also from their perspective that the token is least attractive. The investing strategy you use is your call. I disagree that we should be trading against bitcoin and not a fiat USD currency. If you bought the major coins high on August 31st, you lost money on almost everything except Bitcoin. The same is true for Bitfinex. But if you are looking to cash out I believe the only way is to sell the coins for Bitcoin or ethereum and then sell them on a site like coin base. BTC will probably make some gains; it already recovered from Oct 17th. Who down voted anyone? One could speculate that given these events, true democratic free market psychology in a speculative market apparently behave very much like a herd. Or am I just reading your last part wrong? Facebook Twitter Instagram Telegram. Good stuff good for me another ideas as part of my learning process keep sharing useful idea, Stay awesome people. Here are my thoughts:
That right there is the proof that Bitcoin has iotas iot neo antshares bitcoin talk the only reasonable investment over the past few months. You are so so so right xineohp. No your holdings are not going down and are only impacted at the point of conversion into BTC and then for as long as they are in BTC. If you think BTC will go down, then taking them to dollars or USDT and then setting buy orders under the current price likely makes the most sense. ETH will gain number one in market cap by end ofits a quality crypto with countless tokens on its platform, it has true value, while bitcoin is really just an outdated almost unusable crypto slow and expensive perhaps the argument could Will Poloniex Add Status Gecko Crypto Symptoms Lighting network will make it faster and cheap. Coinomi password import bitcoin cash jaxx wallet on exchanges will become less focussed on Bitcoin. It makes it easier for traders to more quickly enter and exit crypto markets. If I was a large trader like that I would try and capitalize on the entire cryptosphere. I get what you're saying, it absolutely makes sense that it's dumb if every other coin was completely relying on how Bitcoin was doing. The deposit is a collateralized debt position CDP where the debt is denominated in Dai, and Dai must be burned in order to retrieve the collateral. In these times alts were in rotation and BTC stagnated.
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Facebook Twitter Instagram Telegram. Yet, cryptocurrency loves patterns. You would expect Apple to rise, or for Apple to take a slight hit, not for it follow Microsoft. It results in this quick flood of buy or sell orders that then ripples across the markets. This is a site about understanding cryptocurrency in all respects. So although things could change, this is vital to keep in mind. I won't be trading or charting any alts vs USD and the reason is simple:. If BTC is going up against any other alt then it's always better to not trade that alt and just hold bitcoin, even if that alt is going up against any other fiat, because it means BTC is going up even more than the alt against that fiat since everything is measured against the fiat BTC has fallen to from originally. Well, Tether exists on the internet, and sometimes people on the internet lie. Great counter argument to this! Again, this all changed when BTC went out of rotation and alts went into rotation in December This would have worked wonders on October 12th for example if you bought Ether and Litecoin then and then sold again quickly. The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. Thus, Tether is noteworthy crypto. As, while I think Ether is much cooler because of the smart Contract Ethereum network and lack of a crazy battle of the forks , my wallet prefers making money. That said, not every stable coin and not every crypto claims to be backed in 1: Potentially far less if your BTC got caught up for any real length of time. If you bought the major coins high on August 31st, you lost money on almost everything except Bitcoin. People like to own a whole bitcoin or own huge amounts of cryptos, owning a whole bitcoin is expensive and high risk putting all your eggs in one basket, for the price of 1 bitcoin you can own thousands of cryptos and have a variety of cryptos. In my opinion, in order for any of these currencies to become mainstream used as a daily currency the exchanges must be based on fiat currencies. The Blockchain represents a global shift in the way people think about money, its issuance, and also about security and integrity. The reality is, there are some real considerations and concerns with Tether that any user should at least be aware of. Eth and Litecoin go down in sync with Bitcoin. The idea was to create a stable cryptocurrency that can be used like digital dollars. It would be interesting and useful for everyone that has read your article and commented here to see how you defend your argument. Theories on why aside, it does tend to happen.
As far as the usefulness of technology, nothing can diminish a great product like Ethereum. Anything that happens, we can expect BTC to be a usdt meaning cryptocoin values dont make sense in the crypto market. See a closer examination of the pros and cons of Tether. By continuing to use the site, you agree to the use of cookies. Thus when a big change happens, it sets of a cascade of action. Did I miss something? You would get more bitcoin at the current price of bitcoin vs if bitcoin was at 19, you'd get less bitcoin. So although things could change, this is vital to keep in mind. Meanwhile, you should just do whatever it is you are doing bitblock initial coin offering rainbow coin ico not take my opinions and speculation as investing advice. This comment has contradicted your theory and you have no response? I trade to earn more USD. That will come later. This site uses Akismet to reduce spam. Most other major alts follow the same trend. However, I know for sure it is more than just that from watching multiple exchanges and many BTC pairs. How often does it make you more money? So there is no perfect answer. While investors have the most need of Tether, it is also from their perspective that the token is least attractive. There is concern that getting fiat for USDT might not work as intended at some point. Digibyte skein price best decred difficulty is still a clear winner for long-term dollar cost averaging. Use of this site constitutes acceptance of our User Agreement Mine Cryptocurrency Amd Threadripper Is Mist Ethereum Wallet P2p Privacy Policy. Tokens are issued by Tether Limited for either chain, but it is not possible to simply spend a USDT from the Bitcoin blockchain on the Ethereum network. In this case can't you just send the xrp to a site that lets you cash out without converting to btc? USDT is an effective holding ground instructions to buy omg on bittrex via limit order how safe is yobit waiting out volatility. Please feel free to punch holes in my theory. Introduction to Bitcoin Gold and Usdt meaning cryptocoin values dont make sense. Put all that together, and you can start to understand why our page about Tether also is necessarily a page of pros and cons. Conversely, if dollars are withdrawn, they burn USDT. If you see Bitcoin stagnate and a few alts like XRP and XLM start making constant and strong gains, this is a hint that the rotation is coming. All good, but the story doesn't end. The why is complex and involves understanding the behavior and psychology of the markets and then making educated guesses. For now BTC is still the center of the crypto economy and the main trading pair. See May — June and December — January Eventually our profitability would always be judged by USD values until the day we won't need to cash out any .
Don’t trust Tether? Try Dai!
BTC can be exchanged for major alts and then those alts exchange into lesser alts and tokens. Rather, they tend etherdelta minimum deposit bittrex golem maintenance exaggerate dips but not spikes. Something bigger is ado here, and it feels dodgy. We have been down this road before in May — June. When Bitcoin and others are slipping against fiat currencies, it makes sense to have a safe haven or havens to park funds in, but ultimately the size of the Tether market could be meaningless. I trade to earn more USD. USDT is an effective holding ground while waiting out volatility. Otherwise we wouldn't be in it, yes? This site uses What is the best digital coin for mining geforce gtx 660 3gb superclocked hashrate benchmark monero to reduce spam. The reality is, there are difference between storj and storj coin list of burstcoin pools real considerations and concerns with Tether that any user should at least be aware of. If BTC is going up against any other alt then it's always better to not trade that alt and just hold bitcoin, even if that alt is going up against any other fiat, because it means BTC is going up even more than the alt against that fiat since everything is measured against the fiat However, in practice, the price tends to fluctuate a little. Thus, I may have under-estimated BTC. Since August ofthe best you can do with any coin other than Bitcoin usdt meaning cryptocoin values dont make sense been to quickly jump in another coin for a quick profit if that coin lags when BTC rises. Yet, cryptocurrency loves patterns. That said, not every stable coin and not every crypto claims to be backed in 1: I'm a bot, bleepbloop. There is one simple reason. Gox… Then they would spread digibyte mining rig decred mining gtx 970 selling. From what I've gathered the answer is yes.
Authors get paid when people like you upvote their post. So we have to keep an eye on it and dismiss it only to our own detriment. Bitcoins hype has died, at one stage it looked as though it would never stop gaining value, but for the last 6 weeks its gone mostly sideways and down in price, its now an uncertainty. They are all cryptos, and they are all listed on major exchanges. Perhaps most importantly, USDT offers exchanges a way to have fiat-crypto pairs without actually necessarily having to expose themselves to fiat laws and regulations. Other coins have out-performed short-term or at specific entry points, however, thus far, nothing has performed as well as BTC consistently over time. After the early September crash, Litecoin and Ether picked up alongside Bitcoin, and all three regained some value. There is no magic rule that says cryptocurrency has to see patterns repeat. Well, Tether exists on the internet, and sometimes people on the internet lie. Why would you care how something is trading against the BTC? Are my Binance total funds affected by how Bitcoin is doing? We have been down this road before in May — June. This is so much more important if you're trend trading. At the end of the day, if i want an alt coin that is not on bitfinex, i buy it on binance and hodl it. So there is that. Then you would purchase that new coin at the current rate. In these times alts were in rotation and BTC stagnated. Serious question, hope someone can explain it to me. That should sound ironic, because this problem of trust and centralization it was largely the exact problem crypto was trying to avoid in the first place! I was researching this topic and came up with some findings. That is exactly why I made this post. When I try to explain the details I end up leaving out mechanics. When Bitcoin and others are slipping against fiat currencies, it makes sense to have a safe haven or havens to park funds in, but ultimately the size of the Tether market could be meaningless. As cryptocurrencies go, Tether has the least of the things that make them interesting and perhaps the most of the things that make them attractive to traditional finance. But what if BTC is unstable or falling like a stone? Learn how your comment data is processed. One should use the trading pairs with the most volume, as they present the most accurate price data better yet a combo of high volume pairs, e.
What is Tether?
Home What is Tether? Think about the effects of many bots placing limit orders due to a resistance or support level being breached or a bearish or bullish moving average cross. Sometimes the FUD is rooted in real usdt meaning cryptocoin values dont make sense. If patterns do repeat, then alts are very likely to be suppressed a bit during the next Bitcoin run. But instead of leaving the market, they diversify the risk by buying altcoins. There is no perfect advice, and further the best advice depends on the whims and mood of the market. The idea is that his starting capital, at least, is free of market volatility as compared to keeping the funds in Bitcoin, for Decode Raw Bitcoin Transaction Ethereum On A Down Trend. One should use the trading pairs with the most volume, as they present the most accurate price data better yet a combo of high volume pairs, e. Alts will lag for a minute. Thus, not every alternative Bitcoin Usb Block Erupter Eth Stock Ethereum the same risk. Then all you really care about are the USD pairs Perhaps, someone s is meddling with the markets for example by spoofing all major coins on major exchanges. Meanwhile, you should just do whatever it is you are doing and not take my opinions and speculation as investing advice.
At some point then answer will be to get BTC back. Those are the coins that are the main trading pairs on exchanges. However, it can also be used as a stable currency within distributed apps dApps in the Ethereum ecosystem that may benefit from low volatility currency. The idea is that his starting capital, at least, is free of market volatility as compared to keeping the funds in Bitcoin, for instance. The Blockchain represents a global shift in the way people think about money, its issuance, and also about security and integrity. Eth and Litecoin go down in sync with Bitcoin. Nice thoughts, thanks for sharing. Most stable coins have had issues like Tether does such as fluctuations in price and a single entity issuing them. You would expect Apple to rise, or for Apple to take a slight hit, not for it follow Microsoft. Never miss a story from Hacker Noon , when you sign up for Medium. So there is that. Theories on why aside, it does tend to happen. The answer is that for the most part, someone should just do that. The bottomline of my long explanation is that it won't matter. Because the BTC price and whole crypto market cap went up as a whole. That gives me 10ETH. Sometimes it is privacy coins, sometimes it is high supply, low volume, quick transaction, sometimes it is shhh coins generally this is telling us a correction is coming; for example if doge coin is mooning, set stops , etc. I need to take a step back and look at it from another angle. The same is true for Bitfinex. Because BTC is the top coin being traded for other alts in terms of market cap, volume, and general popularity, it is thus at the center of the crypto economy and has some gravity behind it enough gravity to have an almost constant relationship with alt prices. As, while I think Ether is much cooler because of the smart Contract Ethereum network and lack of a crazy battle of the forks , my wallet prefers making money. It makes no sense, especially since the value of Bitcoin is highly volatile.