Update:
I woke up this morning and had a premonition I logged on to Coinbase and check the rate to convert from Bitcoin to tether or USDC. It turns out there is no fee, like when you buy Bitcoin from Fiat. This was my confusion. I thought every time you went from Bitcoin to any other money (be it fiat or crypto) you had to pay the fee of what would end up being something like $10 per $1,000. I didn't know, and now I understand better what stable coins are for. You trade from Bitcoin, when you think it's going to go down, to a stable coin and then back to Bitcoin from tether or whatever stable coin when you think it's going to go up. And you don't have to pay the fees because you're not buying in from Fiat.
This was part of my confusion and I was wondering how people could say that's not expensive. I feel kind of dumb but now I realize I was wrong. At this point I had only been buying crypto I hadn't actually sold any yet or tried converting to any other type of crypto from one to another. So it didn't dawn on me that the fee wasn't included every time you did a transaction. This makes much more sense.
I woke up this morning and had a premonition I logged on to Coinbase and check the rate to convert from Bitcoin to tether or USDC. It turns out there is no fee, like when you buy Bitcoin from Fiat. This was my confusion. I thought every time you went from Bitcoin to any other money (be it fiat or crypto) you had to pay the fee of what would end up being something like $10 per $1,000. I didn't know, and now I understand better what stable coins are for. You trade from Bitcoin, when you think it's going to go down, to a stable coin and then back to Bitcoin from tether or whatever stable coin when you think it's going to go up. And you don't have to pay the fees because you're not buying in from Fiat.
This was part of my confusion and I was wondering how people could say that's not expensive. I feel kind of dumb but now I realize I was wrong. At this point I had only been buying crypto I hadn't actually sold any yet or tried converting to any other type of crypto from one to another. So it didn't dawn on me that the fee wasn't included every time you did a transaction. This makes much more sense.