New to cryptos, so please pardon my stupidity. I see USDT mentioned, and this seems to be associated with the US dollar, but beyond that, I cannot find it listed as a token/coin or any explanation as to what it is...but when it is listed, it certainly seems to match what I see, say, BTC cited in US dollar value. So, can someone explain USDT to me.
And the reason I ask:...let's say I only own BTC (not true, but for arguments sake)...and I believe it (and the entire crypto market) is in a downturn. If I want to protect my investment (and follow the adage, buy low and sell high), and I believe the US dollar is currently stable, it would make sense to exhange my BTC for US dollars while BTC is high, then buy back in when it bottoms (I know, don't we all wish that was possible). If I converted the BTC to USDT, is that protecting my investment in as best a manner as possible?
In other words, how does a person protect your cryptos value in a downturning market?
I tried many diffent .AU sites and found having the requirements for verification difficult. Was able to succesfully get an account at Coinbase. Would reccomend for other Aussies as the easiest of all I tried.
Hi Cryptopia Community.. Good Day,
I am a newbie in this site, just joined yesturday. Want to ask where can I use my reward coins? In this site only? How and where? Or can I used it to donate on different site/s..
Hope somebody will enlighten me.. =) and Thanks in advance...
Have a Productive trading Day!! =)
I don't know the hush and zcash markets but here describe some tips which seem to work on a smallcoin near 0.00000016 BTC/COIN.
If price has recently risen, you may as well post to sell your mined at a very slightly higher price than the present going rate, as the "order book" will not have many entries at a lower price than yours. Then you leave it for a couple of days.
A buyer might pay that much, might not, and if not you can cancel the order, amend your price, and try again. You should watch the volumes at prices going through market and how they compare to the "amount" queued in sell orders. I'm in a market where it is not unusual to see two days worth of trades at the 2nd from top price ahead of my place in the queue.
If you need BTC sooner or with better likelihood, then post 'in the gap' between buyer and seller listings, and leave it for a day. Sometimes those go through in the first minute; you never know.
If you need BTC with certainty right now, then post at a slightly more giveaway price for which someone has already posted (one or more) buy order(s). I'm not sure how attentive the robots running the site are, but if nothing happened in the first minute after you pressed "Sell SMALLCOIN" then try refreshing the page of your browser.
If price has recently fallen then there will be quite a backlog of sell orders which you'd queue behind, often for a week. If you expect the price to have fallen some more then offer to sell yours into the most expensive queue which you expect to still be moving a week from now. You can of course sell immediately at a giveaway price listed under the buy orders, but you are a miner not a shouty-man trader, so impatience might not be your way of doing things. Sometimes a miner is better off piggybanking the mining proceeds for a while until the market is rising again. Then your less generous sell order gets through queues in much less than two days, and you make as much as you could from your mining.
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A funny guy called Max Lee started the 'comunity' on his YouTube channel High On Coins.
The idea was to pump an obscure coin but not dump it. Everyone encouraged to hold the coin long term. It obviously made an impact & then other channels noticed and have since promoted the coin. With the price jumping & all the FOMO the coin now has a momentum of its own.
It seems unlikely in today's synical world & in this very competitive space that the 'comunity ' aspect of this coin & the idea of holding or hodĺing the coin would gain any traction. ... but so far it has. . Apart from the YouTube there is a slack group & maybe other forums as well. At the moment there is a lot of enthusiasm & cohesion in the group that is supporting this coin. They are talking of it going much further than it already has.... to the moon lol.
Well it's already a big suprise on many levels, so it will be interesting to see where this phenomenon goes.