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/biz/ - Business & Finance

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6577163 No.6577163 [Reply] [Original]

I cant afford to lose anymore but dont want to miss out in these volatile times. What's to stop me from keeping my funds in USDT, and purchasing/selling Ethereum on the swings? This way I can accumulate a higher dollar value and buy back into all my Favorite Coins from a stronger position when the crash is over.

Explain to me why Im being stupid.

>> No.6577246

That idea makes a lot of sense in theory. But Tether is not a USD, it's a Tether.

>> No.6577297
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6577297

There is nothing from stopping you! This method is easy money with just a few coins.

>> No.6577359

>>6577163
Of course it works.
But do you really think you can call the bottom ?
Why sell now when it dropped 40% already ?
Why not a few days or weeks ago ?

What will certainly happen is that you will go to USDT, price will drop a bit, then will go back up and you'll buy higher.
That's what all noobs like you do.

>> No.6577479

exactly how I am in the green the last two days while everyone is bleeding. Just watch bitcoin and when it bounces buy ripple or ethereum for the same move but bigger percentage gain. scalped 30% on ripple in an hour today.

>> No.6577546

>>6577359
I already sold yesterday and have been in thether since.

I hope to identify oversold conditions using RSI and basic price action patterns.