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.
Make sense only, not makes common sense. Also, he didn't say yet that BTC is the best but he only need an explanation on why staking is better than BTC though in his second sentence, he just answered his question already on why BTC is better than it. This is because BTC is decentralized. BTC can also win in terms of profits as long as one can resist the doubts and temptation.
There is no exact time on when will BTC recover or rise. Sometimes the rise can be longer than 1 year and sometimes it can be shorter than that. If you don't have money to buy a stable coin for staking, indeed you will have to wait for a BTC bull run first.