There’s always a Sunday sell off. Shouod be an interesting week
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This is Alt season right?
Would be the most popular exchange that people use for trading alt coins.
Yes it’s good
Have you used it for purely shorting any of the coins? Seems you need to own coins as collateral to do so rather than making a fiat deposit. Also, it appears its functionality for exchanging the coins for fiat is tricky to say the least… say you’re happy with paper gains, want to sell the coins for fiat cash and transfer to your bank ac, it looks like coinbase is best for that. No way I’d exchage anything for that usd tether coin, an unreal scam.
If you want to take your profits and run, it depends what coin you have left. You should be able to trade BTC for most alt coins or USDT.
You can trade BTC/EURO or BTC to USDT and vice versa.
If you convert to Euro then you can withdraw the Euro using a SEPA transfer. I made one last weekend and I had the money in my Revolut account within 3 minutes.
How are we doing ? Is it time to sell? Or hold. The Twitter accounts are gas.
Loads of them.
What platform did you convert to EUR on and then withdraw? As I said I wouldn’t like to leave anything in USDT coins, would want to convert and withdraw
I’m holding for the time being…
The rockets and lambo posts sre everywhere, gas stuff
Should be able to on binance. When I say trade to USDT, you’ll be only holding USDT for a minute or two until you trade it for EURO.
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I’ve only ever used it for exchanging Btc/Eth for alts, it’s the best around for that. I’ve never shorted anything. Don’t worry about the USDT, it’s no more a scam than the real USD.
That’s the issue, it’s an even bigger scam than the real usd. Whatever about leaving your resources in btc or eth you’d want multiple head examinations leaving it in usdt.
The purpose of USDT is whenever the market is crashing you can convert into usdt short term for a few weeks and then buy back at a cheaper price. It’s very effective for that but unsuitable for anything else. It was basically invented as a tax avoidance tool, because otherwise you’d have to pay tax on every short term conversion to fiat.
Yeah I get that, it’s a proxy for the real usd to provide liquidity for exchanging alt coins. It’s also used as a method for ultimately liquidating your coins to fiat or real usd should you be that way inclined.
They were caught telling porkies about their reserves and many other things… I’m just saying yeah looks great for providing liquidity and facilitating exchange but if you want go get any resources to fiat it’d seem unwise to leave any large amounts sitting in usdt given it looks like they can’t cover the coins they’ve ‘printed’ (given a sharp decline and run on crypto)
Although, I’m sure you’d argue or most cypto enthusiasts that they don’t want fiat at all so are happy to have it in some form of alt coin - fair enough
What coin in particular are you looking to cash in on and I’ll see if I can work out the shortest path to your bank account…
Have deposited on binance, opened a short on btc - will let you know. I’m worrying about something that may never happen…the trade being successful
You’d be disappointed when you login to see your strategically selected portfolio of ‘assets’ only up 10-15% in the hour since you last looked at it.