Hello everyone,
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.
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?
Seems you are not an old person in touch with trading, my first suggestion is be-careful. Trading is not simple as buy at low price and sell at high price, even seems so. You need to do sufficient preparation, for basic knowledge of trading can see this link :
https://bitcointalk.org/index.php?topic=2960563 Related with USDT, that is a virtual USD that should be almost same with USD. So I think it will be mostly influenced by USD price in non-virtual (real) world, and non virtual currency is depending many factors including government which is not independent that opposite with blockchain and cryptocurrency as independent characteristics. So becareful to trade with USDT.