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 do have some friend who even lost money trying to stake on platforms that filed for bankruptcy during the bear market, like Celsius network.
What you said makes common sense, because I think too that the best place to earn profit or interest in this road to bull run is in an asset like Bitcoin, you hodl it and in one year's time you're getting a good ROI, after the bull run, then you can consider staking it on a reputable stablecoin. In the crypto space, it's mainly Bitcoin that I can leave my money in and feel very comfortable, if I however want to choose an exchange to stake usdt, I'll be more comfortable with Binance, because it's a reputable exchange.
its indeed better if we can just invest in bitcoin, but sometime there are just some good event that are offered by these exchange that make us interested in staking our stablecoin.
remember ENA launchpad back then was people staking their FUSD if im not mistaken and they are getting good return with big capital.
the launchpad also happened short term too so its definitely good enough to just stake in some of binance launchpool and hope for the best.
then once the profit is taken out we can come back to bitcoin again with our money and reinvest, that only if there is no sudden bitcoin rally around that period otherwise we might miss
the opportunity to reinvest in bitcoin, but so far I've seen many event where staking USDT does give good rewards.