Quote from: doomloop on August 11, 2022, 08:39:11 AM

Quote from: Betwrong on August 10, 2022, 10:23:01 AM

I congratulate you on making profits with investing in USDT, but how it's different from simply investing in USD then?

Because, it's not available in my nation to buy any amount you want, and sell any amount you want. There are regulations and people who do not have a license to trade, could do so with a limited amount of money, well I am already under that limit, so it wouldn't have mattered to me to be fair, but many people prefer USDT in my nation because of this, many also moved from USDT to BUSD instead, because Binance is bigger and better.

Long story short, USDT is still better because it's still crypto, we could also go into crypto from there easier as well. I have to say, the regulations mean nothing when you are in crypto and you know what you are doing.

That is true for me as well. Plus, even if it was available to buy as much as we want, being in and out of crypto with USD on the side is a great deal when you are doing it together. If the option was given to be USD then I would do that.

But, I use Binance and they have busd and not usd, that means that if I want to be in crypto, then I can buy crypto on Binance, and if I want to get out of crypto but not completely, just enough to trade, then I would have to turn them into BUSD. The idea to be in crypto and in fiat back and forth constantly makes me feel like it would cost a ton of money and I rather not do that at all, I would prefer if I could stay in BUSD and not in my own fiat, or even USD unless Binance offers that.