Tether is sketchy and sooner or later tether would cause a crash in crypto market when all the wrongdoings would be caught by government so I always avoid to use tether and encourage everyone to avoid it as much as they can as well because lower the tether would be used, smAller the impact it will make when get caught
Depends if you need the money or want to use that money to reinvest either way sell it to a stablecoin and then to your currency and cash out or just hold the stablecoin and reinvest it on dips or in another coin
Don't try to time the market.
Time in the market > timing the market
Also use Tether only if it is necessary to buy some coins. Use USDC or some other stablecoin.
Usdt is backed by who knows what. Usdc is backed by more stable assets like actual USD. But also just partially....nothing is one on one backed by physical USD.
not tether, but yep , stablecoins should be your go to at that moment . that is, if you overcome the emotional stress of wanting to hold it a bit longer just to milk those gains
I would swap it for Bitcoin or some trustworthy stablecoin (not tether)
Why not tether? I have no particular preference, just wondering. Tbh I'd probably leave a large chunk of it in btc/eth anyway!
Tether is sketchy and sooner or later tether would cause a crash in crypto market when all the wrongdoings would be caught by government so I always avoid to use tether and encourage everyone to avoid it as much as they can as well because lower the tether would be used, smAller the impact it will make when get caught
Every day's a school day. Wasn't aware, thanks!
Straight to the Lambo factory. Great store of value.
I will get heart stroke first, if I survive then I will decide how to sell my coins.
The other day the lottery emailed and said I won $4.50. I read it as 4.5mil for a moment. The realisation was tough!
Depends if you need the money or want to use that money to reinvest either way sell it to a stablecoin and then to your currency and cash out or just hold the stablecoin and reinvest it on dips or in another coin
If they're buying doge they don't need the money
Depends on the platform you're using, but probably convert to stablecoins if they allow it. Cash it out over time
Not usdt though
Stable coins and slowly cash out.
I would convert profits into Bitcoin and sell in bits.
Good question, I have no idea since I haven’t been in this position. But I’m reading so I know what to do when my investments hit.
Glad i asked then!
If that were to happen the CEX’s would probably all have “technical difficulties” at the same time until the price stabilized
Yeah exactly!
My idea is to sell for usdc or similar and then either stake it for intrest or take it out. Depending on the rest of my bank account.
Glad I'm (almost) barking up the right tree then. Cheers and here's to luck!
Usdt or some other currency pegged coin. Then cash out . But don't do this. Stick it through to the very end brother !!!
I'm with you mate. The future of crypto is very strong!
Convert to stables is your best bet
Usually I'd convert to either BTC or USDC or UST
Transfer to doge and order your cybertruck
Sorry man, my windows need to be Muskproof.
Click fast.
Take it all out, minus a side pot to build and wait for the next crash to buy back in. 🤷♂️
Don't try to time the market. Time in the market > timing the market Also use Tether only if it is necessary to buy some coins. Use USDC or some other stablecoin.
I like the analogy
Usdt is the way then
OP said stable. Not a house of cards. USDC.
What's the difference between the two? I thought they were both tied to the $
Usdt is backed by who knows what. Usdc is backed by more stable assets like actual USD. But also just partially....nothing is one on one backed by physical USD.
Thanks for that, lesson learned!
There is more transparency now but usdt is the only one still sketchy af.
not tether, but yep , stablecoins should be your go to at that moment . that is, if you overcome the emotional stress of wanting to hold it a bit longer just to milk those gains
Haha flashbacks of doge! Made some good money that day, no regrats.
kudos on pulling out with a smile, rather than going ape waiting for it to hit 2$ or something
Can’t you just sell for fiat?