Looking at a chart of gold right now, there is a decent chance you would have done better putting that in USD or tether.
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Looking at a chart of gold right now, there is a decent chance you would have done better putting that in USD or tether.
I don't use tether because its a scam so is likely to be investigated which will drop the price
But I do use dia and tusd as stable coins, as well as pax gold
Profits from cryptos go half into gold and half into stable coins ready for a buy back
The gold is not for making gains, it's insurance against losses
Longer term the US dollar is screwed, but stable coins linked to it can work for trading in the short term
Tether is already under investigation and has been since basically late 2018.
And sure I agree about the dollar, hence why bitcoin. The point being if you are just selling to a holding vehicle, maybe holding in one that can't lose value is the way to go. You seem to have a plan that you are comfortable with though.
For people that have a relatively small btc holding, just holding is fair enough, but when a drop from 40k to 30k is a serious loss, then I would rather lock in gains than live in fear.
Right now my hope is that Etherium will fall like a stone...hoping for sub 500 hundred!
Yea, well hoping isn't a viable investing strategy. I mean I "hope" bitcoin falls to $1k so I can buy a bunch more there, but that doesn't mean it's going to happen.
Hope is just the mustard on top of the steak.
I do have some steak!
There is no shame in acknowledging that we are making predictions based on random variables and we seldom know what they all are.
Realistically I don't think BTC will ever go below 20k again, but i do expect it to head down that way for a while - and in the short term as well!
PS - typing on my tablet, the auto-correct for DIA is diaper and the auto-correct for TUSD is turd!
So when I just said:
"I do use diaper and turd"
That is not what I was trying to say :)
Haha, I just thought maybe you were a lot older (or younger) than I originally thought. ;)