Pls guys any recommendations on ways forward as regard bitcoin trading?...the coin seem to me now as Tether (USDT )...lol
I don't see a parallel between Bitcoin and any other stable coin. Stable coins are those cryptocurrencies that are designed to achieve the common goal of providing a stable means of savings. And Bitcoin was not originally developed for this purpose. Therefore, at the moment and with these requirements for cryptocurrencies in general and the characteristics of stable coins Bitcoin doesn't meet the requirements for stable coins.
Of course, it's very obviously that there are no correlations between bitcoin and the rest of the stable coins.
For one, the volatility, second who in the hell invest on a stable coin? I mean bitcoin has it's up and down but if you are a holder, you don't need to hedge your bitcoin to stable coin.
So there's so similarity whatsoever, and we have different markets as well. I don't know if you guys have experienced it, but one drawback is that the fees of withdrawing a stable coin is exorbitant, not good for crypto enthusiast.