What do you think of Stablecoins, and do you use them ?
I wouldn't trust Tether to hold as long term "investment". But when you go in and out of trades fast it's not that important imo. Fundamentals only matter on the long term.
I don't use Tether myself since there are better alternatives available. For example Trueusd.
Options are also a good alternative to hedge your long positions with. In the stock market, al lot of professional traders use them. Since they are a way to do cost base reduction. You can now trade Bitcoin options on Deribit:
https://steemit.com/bitcoin/@niel96/how-to-trade-bitcoin-futures-and-options-with-deribit
Leave What do you think of Stablecoins, and do you use them ? to:
Best Posts From niel96
We have not curated any of niel96's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From niel96
- Bet Smarter, Not Harder: How SX Network Flips the Script on Traditional Sports Betting
- Trading on polymarket
- Back
- What's up?
- Current macro economic ideas
- Make money with social arbitrage
- Is value investing like value betting on sports?
- Predicting on polymarket
- Gamer token keeps going down
- Polymarket: fed rate cuts by March