It is difficult to buy cryptos using real money i.e. fiat money.

When the market crashes, most of the coins will crash including BTC. If you're just holding BTC, you will not get the benefit of buying coins at a discounted price. If you reserve some USDT, which is supposedly equivalent to USD, you will have the pseudo-fiat money to pick up coins on the cheap.

I previously reserved BTC because when BTC surges higher, altcoins take a hit. High BTC price to buy discounted altcoins. A good deal! Recently, BTC drops together with the rest, making BTC useless in this scenario. Hence the reason why it would be good to reserve some USDT too.

In short:

BTC shoot up, making altcoins bleed - use BTC to buy altcoins....
BTC drops together with altcoins - use USDT to buy all coins!

This post has been edited by kmarc: Jun 16 2017, 10:43 PM

Wow ETH market cap % is already over 30% now while BTC drops below 40%.
ETH taking over BTC is only a matter of time

Siacoin breaking out. 60-70BTC munched. Let's see whether it can break through 600.

Going to start selling a little bit if it breaks higher.

This post has been edited by kmarc: Jun 16 2017, 11:22 PM

trapppp

Broke the sell wall!

Got caught in these sell wall prevously when it reached 700++. Dare not buy in this situation anymore

Hehe same..bought at the highest at 730+ 2 weeks back.

Eh? Don't buy when it is shooting ler..... better to pick up when red sea.

CLAMs lending rate going at around 2-3%. Go loan out some clams!

lesson learnt. pain die

Does USDT consider as fiat or crypto ?

I scare later USDT become lower like 0.1:1usd

I'm no expert in this but I think it is a cryptocurrency. I consider it as pseudofiat!

It is supposed to be 1 USDT to 1 USD but in certain conditions, it can go down or up but will usually hover around 1.0 ratio.

I found my answer
It's a cryptocurrency....

Will have some trouble converting it to cash due to regulation ..

And... it can be crush as well "
USDT

This post has been edited by blueblueoutofblue: Jun 16 2017, 11:51 PM

Did anyone of you just did a giveaway on 4chan /biz?
That OP really delivered man

got link?

What's this about?

our bro wootz

http://boards.4chan.org/biz/thread/2471611

does it take very long to deposit ETH or any other coins to POLONIEX?

according to etherscan, it went through, but it isn't showing up in POLO


UPDATE: got it

This post has been edited by TheReaderReads: Jun 17 2017, 12:29 AM

Wow!! Nice explanation over here..haha

Thanks for the usefully information...so that i could plan my strategy on this ..hehe

nooooooooooooo don't selll your ethhhh. give it to meeeee

This post has been edited by wiisg: Jun 17 2017, 12:11 AM