So I just recently got into trading and really loving it. I have to admit I haven't been doing so bad. My main goal is to accumalate as much ETH as I can since Alt coins seem to perform better against it as opposed to Bitcoin.
Shouldn't your goal to be to attain most of what you think will do best against usd or your home currency?
My main question though is regarding USDT. I've done quite a bit of reading on it and I like that it is a stable coin, but I am very nervous as it seems that the team behind it is quite shady in that they refuse to be audited. I've stayed away from it even though I do see it as very useful to hold any profits incase Ethereum goes down, but I always have this fear that I'll wake up one day to a scandal behind Tether and they would be useless and no one would want them.
What are your thoughts on this coin? and if you have the same anxiety how do you get around it locking in profits?
There's large uncertainty around tether and a lot of accusations that they don't have funds in reserve and it was used to inflate the price of bitcoin. If these are ever confirmed then the price of tether will tank hard. For that reason I use tether as little as possible.