Should YOU Trade with BTC or USDT pairs?
Should I trade using bitcoin or USD pairs?
This has to be the #1 question I am asked over and over again by people just getting into trading cryptocurrencies for the first time.
Don’t feel dumb if one of those people is you as FOREX pros also ask the same since they come from a world where USD pairs is commonplace.
SECRET 4th REASON WHY YOU SHOULD ALWAYS TRADE USING BTC PAIRS.
Not mentioned in the video but another reason would be that USDT and other alleged “stablecoins” merely derive their value from the paper money which they allegedly hold in reserve to “back the tokens”.
Of course we do not even know if they have the funds to support the number of stablecoins tokens that have been issued.
If news of a scandal was to break and your funds where held in this you could be wiped out over night!
Also even if you escape any dramatic collapse you still have your funds stored in an alleged “stablecoin” which is backed by the devaluing paper currency which is in turn backed by nothing at all!
The last 50 years have proved that the USD is extremely unstable, to allegedly back some crypto tokens with that devaluing currency and call it a stablecoin is complete madness and extremely miss-leading.
My personal cryptocurrency workflow:
1) Buy crypto on Wirex for low fee’s (only available in an oppressed societies)
2) Transfer funds to trading account, I like Binance:
3) Withdraw a portion of profits each month to HODL securely in offline hardware wallet. I feel the best option here is SafePal:
**DISCLAIMER**: I am not a financial adviser nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your own research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
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