Can anyone help explain to me my staking and keeping the USDT in an exchange is better than just buying promising assets like Bitcoin and just waiting it out until the market pumps.
I think it has a dual purpose, having that preparedness when the dip comes and your USDT is ready to purchase those cheaper Bitcoins or any coin that you prefer to buy.
At the same time, it gives that interest rate for just doing nothing and depositing it to their earn product that gives the depositor flexibility and can withdraw any moment they wish to.
I do have some friend who even lost money trying to stake on platforms that filed for bankruptcy during the bear market, like Celsius network.
That's the risk of it and with these exchanges, although they have other services it's also possible to happen to these known cexes.