USDT - Potential gains to be made?

I'd completely ignored this for quite a while, but seeing how bitcoin has recently been fluctuating up and down about $400~ every couple of days I just had a random thought.

I never trade BTC against dollars because it's simply too impractical - nothing is instant and selling BTC for fiat at the moment I normally lose a good chunk doing so.

But one thing I never looked into is USDT

Is it possible to say, sell your BTC when it hits $2900 for usdt and then buy back in at $2500~

Then rinse and repeat this process?

If this is the case I've missed out on so much potential gains in the past month. And knowing my luck BTC will now push past $3000

But has anyone ever done this here? I'm making losses just holding shit right now and I've been a bit out of the loop for the past month - I used to day trade shitcoins but right now the market doesn't seem very good for this (either that or I'm just missing out on oppertunities)

It seems new coins just pop up every other day which go like 100%+ but in most cases they are shitcoins I never even knew existed.

Meanwhile all the coins I was making money on a few months ago (DGB, RDD, Ripple, Ether, Verge) just continually dissapoint. I keep missing oppertunities because I only catch them when you faggots post about them on here (once they are already peaking)

What do you think Veeky Forums? I just lost my job so I'm probably going to spend my unemployed days trying to make enough money to see me through a little while - while I look for my next wagecuck job.

Can you also use this strategy with ether?

as long as you buy high and sell low, you're good to go!

We're gonna see mad gains in USDT. I expect $200 by the end of the year.

yeah it does fluctuate between like 0.98 and 1.02, so if you throw a ton of money into it there could be some gainz.

Lol, yes it's possible. But you do realize usdt is essentially a crypto pegged to the usd (easier to trade with usdt when dealing with taxes compared to usd). So you'll get the same amount in usdt as you would in usd. If you lost in trades on usd, your style of trading needs to change to prevent losing in usdt.

I don't mean in a sense of USDT fluctuating lol

I mean in a sense of trading BTC with it to gain more bitcoin over time - aka when bitcoin hits 2900 selling it for 2900 USDT then spending that USDT on bitcoin again when it hits 2600 and repeating this process every few days

that's the golden rule!

Damn, that's some strategy right there. Maybe you can call it short selling or shorting.

no user it's impossible, not allowed at all.

>I never trade BTC against dollars because it's simply too impractical - nothing is instant
?

You can trade BTC/USD on Kraken, Bitstamp or Bitfinex just as fast as any other coin