So the question is, for someone in Nigeria who just wants to save money safely, which is the better option: Bitcoin or USDT? Or should people combine both?
Would like to hear from others who are already using these methods to save.
Why should you be converting your Bitcoin to USDT when you are out for saving, what is the need of disturbing your investment when you have made your vow to hold Bitcoin and suddenly you get scared to convert them to USDT, what if Bitcoin starts rising and you are not aware, will you buy back and loss the initial quantity of Bitcoin you had before?
I don't hold USDT or save in USDT for any reasons, I only convert to USDT when I want to perform p2p trades, all my assets are in the coins I bought, no matter the price action that happens, I don't dare convert to USDT trying to save myself, instead I buy more.
Converting your Bitcoin to USDT whenever market goes red is an investment error, allow it to depreciate in value, be happy of that sudden price drop, grab the opportunity if you have spare money and bag more.
You can only convert to USDT if you are a daily trader, quick profit earners can only be advised to do such.
For saving, I will prefer Bitcoin, because
of I want to save for my
personal needs,I save for a long-term therefore saving my money in bitcoin will be more beneficial to me irrespective of the market price,
it is normal for the price of bitcoin to be unstable , even if it drops as long as you are saving for long term,it will definitely rebounce back while for my daily expenses I will go for usdt because I can't be tempering my savings anyhow because of my daily or monthly expenses
since they are needed to be spent daily.