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2754851 No.2754851 [Reply] [Original]

I want to transfer my ethereum to USDT before it bottoms out

>> No.2754862

>>2754851
Yes No.

>> No.2754869

bitUSD is better

>> No.2754878

>>2754862
help me retard

>> No.2754882

>>2754851
I use it all the time, but haven't tried the alternatives

>> No.2754887

>>2754869
is this how normal people "sell"? just converting to USDT whenever theres a huge price spike?

>> No.2754896

>>2754887
nobody here is 'normal'

>> No.2754912

>>2754887
That's how I do it. It's been my most reliable way of making profits. Just don't get greedy; if you're already seeing long red candlesticks, it's probably too late to buy tether, and then you're stuck hodling until the next dip.

>> No.2754926

can you cash out from tether?

>> No.2754951

>>2754926
No, it's just for hodling during downturns so that you don't have to go through your bank or an ATM back and forth

>> No.2754959

>>2754951
so it's dangerous as fuck?

>> No.2755063

>>2754959
How is it dangerous? It's the opposite, it's a safety net to hedge against

>> No.2755079

>>2755063
The reason USDT has its value is because it promises for every 1 token you hold, you can cash it out for one USD. Always.

The problem is them honouring that promise because they've failed to do it in the past and are operating from Thailand. It's a dangerous coin if everyone seeks to cash out at once. The only reason it maintains this value is due to posters like: >>2754951
who think it's that simple and the common belief keeps it afloat

>> No.2755100

its very dangerous mang. you could easily guess wrong and lose money instead