How to Trade on USDT and USDC with IDR
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How to trade on USDT and USDC with IDR

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How to trade on USDT and USDC with IDR

Cara Trading di Stablecoin USDT dan USDC Biar Cuan 1200x675 1

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Who says that trading USDT and USDC on the Indodax market can’t be profitable? Even if it’s stablecoins or that price, you can still trade in this crypto asset.

There are many different types of crypto assets. One of them is stablecoins or coins with stable price movements. USDT and USDC are among the types of crypto stablecoins that adopt 1: 1 at a price of US dollars.

Actually, USDT and USDC function more as a means of payment or exchange at online and offline merchants. Not for trading assets or commodities that you can take advantage of.

Because in foreign marketplaces or platforms, Bitcoin and others are not exchanged for IDR. But with other fiat currencies, such as USDT.

In addition, USDT and SUSDC are also easier to exchange because they are 1: 1 at the price of US Dollars. This is also because the price of Bitcoin and others is already expensive.

Did you already know that Indodax not only presents an IDR market, but also a USDT market. There are several crypto assets that are valued or exchanged based on USDT.

(Image USDT Market)

Because in the Indodax market the exchange is USDT to IDR (Indonesian Rupiah) and USDC to IDR, of course there are fluctuating price movements. Although the ups and downs are not significant, it could be 10% per day or hundreds of percent. But, you can take advantage of it.

Before knowing how to trade with USDT and USDC, see an explanation of what these two crypto assets mean.

What is USDT?

USDT or USD Tether is a crypto stablecoin asset that has a value of 1: 1 at a price of US Dollar. Not only 1: 1 with the Dollar, USDT also took the same supply amount as the current US Dollar circulation.

Tether was created by a Hong Kong based company called Tether Limited. They are adopting fiat currency to blockchain technology.

USDT is a crypto asset that has the highest volume of all existing crypto assets including Bitcoin. This is natural because USDT is the reference value or exchange rate in hundreds of marketplaces or platforms around the world. Of course, including in Indodax.

(Market USDT/IDR)

What is USDC?

USDC or USD Coin is a crypto asset that has a value of 1: 1 in US Dollars. Almost the same in function and value as USDT.

However, USDC is a crypto asset created by Coinbase, the largest exchange platform in the United States. However, USDC is not as famous as USDT.

Despite claiming to adopt the same amount of volume as the dollar in circulation, the volume of USDC is not as high as USDT. Because USDC is only a reference value on Coinbase and a few marketplaces.

(Market USDC/IDR)

Dollar is Experiencing Inflation

In this article, we will not discuss the dollar price increase and the rupiah depreciation in full.

However, in brief, you need to know that the Dollar always experiences inflation against the Rupiah. Dollar price increases continue. Plus their new President Joe Biden program. He will issue a new policy on strengthening the United States economy.

Meanwhile, Indonesia is considered still unable to keep up with the economic recovery due to the pandemic. This means that the USD value will continue to strengthen in the long term.

So, in fact, you can ‘play forex’ by holding these two crypto assets

How to Trading USDT and USDC, Take The Profit

After we have learned what USDT and USDC are and what are the differences, you can learn how to trade them.

1. Take advantage of the rise and fall of dollar prices

Let us put aside the inflation price of the Dollar against the Rupiah first. We return to the daily trading method with USDT and USDC.

USDT and USDC increases per day range from 2% to 5% per day. Although sometimes, in the following days, USDT and USDC do not continue to increase in price or even go down.

Usually, that USDT and USDC hike only lasts a day or two. After that, lately, the two assets have often decreased.

But then he turned back up and down again. Usually, the ranges of increasing and decreasing are exactly the same. Rp. 13,800-Rp. 14,500 in early 2021.

So, with increases and decreases that are not too significant, you can take advantage of this. You buy when it goes down and you sell when it goes up.

2. Make Order Sell from Beginning

To make it easier for you, you can study the following simulation:

If you think the USDT price is cheap, around IDR 13,900 in early 2021, you can buy it. Then, you can sell it after it has increased by 2% IDR 14,160 or around 5% or around IDR 14,595.

For example, you invest with a capital of 100 USDT or around IDR 1,390,000. So, you can get profits until your balance increases to Rp1,459,500.

You can place a sell order from the start or “install a net” by placing an order of 2% to 5%. Then, once the price has returned to its bottom, you can repeat it. You buy it again when the price is low, like Rp.13,900 or even cheaper.

This is an important point that you must pay attention to.

If you don’t place a sell order in the first place, the price could return to its base of Rp.13,900 again. Because USDT and USDC are difficult to rally or rise continuously.

So, you miss the moment.

3. Trade with Small Money or Big Money?

Indeed, if the capital is mediocre, the benefits will not be felt. Ha ha. If you only play Rp. 100,000, the profit is only Rp. 2,000-Rp. 5,000.

For those of you who are just learning, what’s wrong with trying with a small capital? Because the most important thing is not the amount of profit, but the consistency of the benefits you get.

Although actually, there is nothing wrong if you also start with large capital or money.

As long as you don’t use an emergency fund and have issued or paid your monthly fees.

So that you continue to profit, you can get tips and other interesting information at Indodax.academy. You can also watch Indodax’s official social media. Everything you can get for free.

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