Thing with going BTC to USD, is they usually charge you more on coinbase than it would be to just buy Tether. I like SBD a little bit too, if it drops to $1 or below.
Bittrex is the place to trade USDT (Tether).
Downside to Tether is it is centralized risk. There is a bank in Hong Kong that trades 1 Tether for 1 USD. So far, they have been a very honest operation, even reporting publicly when their Taiwan bank assets had been frozen. But you see, it's a real-world centralized risk with them. SBD doesn't have that, but in a decline, we could see SBD trade back down to 0.85 cents. Certainly should trade back above $1 USD in the end, but in a steep decline it will tank.
Maybe I'm wrong but I think the price of SBD is a good indicator of whether or not the crypto markets are overbought or oversold. I wish you could store Tether on a hardware wallet. I would not feel comfortable keeping everything on Bittrex in Tether. They own the private keys to those funds and they could get hacked. I still think the absolute safest thing to do is buy actual physical bullion with BTC. If I was looking for a crypto to crypto safe haven I think SBD is probably the route I would take. If nothing else you might be able to buy Steem at a discount if you bought SBD under a dollar.
It can go below .85 cents, but SBD is fully decentralized, and when the market is done tanking, people are going to get paid % gains to convert SBD into STEEM. If there is any sort of Steem rally in the future, that's really what is needed to keep SBD back to $1 and above. So with SBD, I'm long-term confident to see it trading at or above $1, even if there are blips way down below that, it should recover every time.
Thing with going BTC to USD, is they usually charge you more on coinbase than it would be to just buy Tether. I like SBD a little bit too, if it drops to $1 or below.
Bittrex is the place to trade USDT (Tether).
Downside to Tether is it is centralized risk. There is a bank in Hong Kong that trades 1 Tether for 1 USD. So far, they have been a very honest operation, even reporting publicly when their Taiwan bank assets had been frozen. But you see, it's a real-world centralized risk with them. SBD doesn't have that, but in a decline, we could see SBD trade back down to 0.85 cents. Certainly should trade back above $1 USD in the end, but in a steep decline it will tank.
Sbd wont go below .85?
Maybe I'm wrong but I think the price of SBD is a good indicator of whether or not the crypto markets are overbought or oversold. I wish you could store Tether on a hardware wallet. I would not feel comfortable keeping everything on Bittrex in Tether. They own the private keys to those funds and they could get hacked. I still think the absolute safest thing to do is buy actual physical bullion with BTC. If I was looking for a crypto to crypto safe haven I think SBD is probably the route I would take. If nothing else you might be able to buy Steem at a discount if you bought SBD under a dollar.
It can go below .85 cents, but SBD is fully decentralized, and when the market is done tanking, people are going to get paid % gains to convert SBD into STEEM. If there is any sort of Steem rally in the future, that's really what is needed to keep SBD back to $1 and above. So with SBD, I'm long-term confident to see it trading at or above $1, even if there are blips way down below that, it should recover every time.