Quote from: Rose_btc on November 25, 2019, 12:37:25 PM

Quote from: BitcoinsGreat on November 25, 2019, 11:47:23 AM

Quote from: Rose_btc on November 25, 2019, 08:04:49 AM

The market is dumping currently, and all of us are trying to save our funds, one of the best ways to not get REKT is to convert your cryptocurrencies into the stable coins.

For a moment just keep the stable coins aside, do you think that converting the bitcoins into stable coins will save you from being REKT ?
I do not think so. If are good trader and you know bitcoin can dump, then you would have converted into stable coins between 8 - 9K. But those who did not convert at that time and if they convert them now at 6500$, it is too risky as bitcoin can bounce back and then those who have converted will be at loss.

I agree with you, never thought from this prospective, TBH I myself have been REKT, I did not convert my coins on time and now I am in heavy loss until bitcoin goes back to 9000$. Still stable coins play a pivotal role in saving your funds.

As i said that bitcoin jumped to 7200$, those who converted near 6600$ will be in loss by now. That is the reason that converting into Stable coins is as risky as doing any altcoin trades in bear market without the perfect TA analysis.
If anyone is a experienced trader, only he can convert to USDT on the perfect time, rest it is too much risky.