Bitcoin Forum

What do you think about stablecoins, some scandals around them and their future? It is interesting to hear the opinion of the members of bitcointalk

I will tell you no, stablecoins are not good for long term holding and saving money. As a person who is seeking to save money, I recommend that you consider gold, in addition to gold being an investment, gold is a good saving due to its stable price and lack of depreciation, as compared to fiat currency.

Also, if you are interested in investing, you can learn about bitcoin, which is a good form of long-term investment and a safe place to store assets anonymously.

Stablecoin can keep stable your money and it will save your money it is true. But you must understand cryptocurrency is must risky and any cryptocurrency can crash suddenly for example UST was a peg but some weeks ago this coin has been crash and now it is under 0.05$. I believe USDT, BUSD, USDC is a strong peg. You can hold these stable coin. Hope this will never happen anything wrong

I don't have any future views regarding stablecoins because in truth, stablecoins only act as assets that have little fluctuation and are good to have when a bear market comes along. As we know that some time ago the crypto space was shocked by the collapse of one of the leading stablecoins (UST), then later the price of USDT began to weaken.

Maybe you should know first the types of stablecoins, there are several types of stablecoins, including:
- FIAT Backed Stablecoin
- Crypto Backed Stablecoin
- Gold Backed Stablecoin
- Algorithmic Stablecoin

UST itself is an algorithmic stablecoin whose value depends on the algorithm they have (related to $LUNA). So, if you want to own a stablecoin, I advise you to only have BUSD and also USDC, because these two stablecoins are 100% FIAT Backed stablecoins. You don't have to worry about their future.

you expose yourself to a double risk.
The first is that the FIAT currency undergoes a devaluation and your investment decreases "by its nature".
The second concerns precisely the computational aspect ... behind a stable coin there are companies that claim to have a certain number of deposits / payments, in short, collaterals.

Do you trust it?
In our crypto field... we always say "DON'T TRUST! Verify!" This should be approached to everything.

How do you verify the existence of such deposit? how can you trust that from one day to the next they do not move everything and you are left with only one match in your hand?

Personally I have always been skeptical about this type of product since they were born.
And over the years I have witnessed several "collapses" and scandals in this sector.

No, I honestly don't find it a good way to invest and protect/save my funds.

That's right, they are stable until they crash.

This year we had the most important lesson about the stable coins when UST crashed. It was a big problem where people loses millions just for trusting in the term "Stable". Because when someone buys a stable coin the last thing he specs is to see coin crashing. So, it's important to know there is a risk even with stable coins.

After what happened recently with UST & LUNA I would not put much faith in stablecoins. US Gov are desperate for Tether to fail too, I wouldn’t be surprised to see them try anything to take Tether down. For this reason I think keeping funds in stablecoins for any longer than necessary is negligent.

You can't compare algorithmic stablecoin like UST to the stablecoin such as USDC since they are legitimately backed by company which there is a lesson to be learned from LUNA and other platforms.

But Stablecoin I think is a safe way to keep your money which is why its the first to be dealt with by regulators. Keeping stablecoin will be safer if what you are worrying about bear market yet its also not safe when it comes to inflation, confiscation or freezing by the companies that made it. So there's the scandal. Auditing is also a problem with stablecoins.

I think the one that have a scandal is only usdt but the rest of the stable coins are free from anomalies so it's safe to keep or save your money with them. When I say the word rest (earlier) what I mean is the stable coins such busd, usdc and dai. I don't mean ust and other algorithmic based stable coins because they are risky. All of them are collapsing now.

For hodling long term yes because they are stable. You can't get anything from them but you can always use them for staking and lending. The purpose of stable coin is not for hodling but they can be use to buy more coins later on, or when the price starts dipping. You can also use them like a money for paying and gambling.

I was once not fond of stablecoins but after an experience where my crypto holdings crashed really hard, from $120k down to $12k, I learned that shifting them to stablecoins could have saved me from the crash.  So I can say, converting your holdings to stablecoins can preserve your crypto's current price value from a bear market price crash.

Only good if you're looking to move your funds from point A to point B, but in terms of using it as an investment tool, I'd rather keep my money in fiat than convert what I have into stablecoins. Those who issued these stablecoins can restrict your funds, or they as an issuer of these financial tools can go bankrupt any time rendering your stablecoins useless. It is only wise to keep your funds in stablecoins for a short period of time but never in the long term.

When the cryptocurrency market is in a bearish phase, keeping money in stable coins is the most reasonable in my opinion. However, it should be remembered that investing in any cryptocurrency involves risk. The safest stablecoins in my opinion are USDC and USDT, but I wouldn't keep everything in one stablecoin. I think it's best to diversify your money to at least two stablecoins.

I suggest not to trust stablecoins that much, you have to learn from what happened to LUNA and probably, it can happen again. I’d rather hold with my BTC than to stablecoins honestly. If you want to save your money go with the banks but if you want to take the risk and you’re ready for that risk, go for Bitcoin instead. Once you are in cryptomarket, there’s no safe money here everything is at risk so better to be more wise on handling your finances and buy only the good coins.

IMO, stable coins is a preferable way to keep your funds during the bear market. I had some UNI tokens which fell from 12 to about 3.9 of which I just have to use at that point in time, so I made a loss. I think if you have some future project which at moment the money is in some crypto other than stable coin, it is better to keep the money in stable coin to be sure you can execute the project at the appointed time, more so during the bear market to avoid being disappointed. I think it is wise to keep in some selected stable coins like DAI, USDT, BUSD, not in only one stable coin. However, for long term saving, Bitcoin is preferable, IMO. The LUNA & UST experience is a BIG lesson learnt in the crypto space.

Much have been said but the issue on centralization have not been pointed out yet. Apart from DAI, you also risk your money because the issuers (companies) of these stable coins can freeze them at any point even if it's in your non-custodial wallet. That's a pretty scary thought especially if you're trying to keep them for a very long time. So yeah, you have to put a complete trust on these companies that they do not do something that will destroy holders.

Someone already touched up on staking stable coins. If you have no problem with the issues we've mentioned, you might as well stake them. Platforms like  mycointainer.com (https://www.mycointainer.com/assets) offers 10% annual return for USDT, USDC, and DAI.

Stablecoins in my opinion are not the best way to save and save money, because of their stable value. But when the market is volatile, the safest asset is stable coins. The current scandal is only a few stables that have no fundamentals, unlike BUSD, USDT and USDC which remain as trusted options

As a matter of fact, I find the OP is talking about some of the cases that leave a negative for the market, but not all. To me, the leading stablecoins like USDT, USDC, and DAI all provide a sense of security as well as a good tool for exchange in the crypto market. So don't just look at the few, but fear for the many. Or be more honest with yourself, not just doubting things that aren't real.

It is quite good to be in stable currencies during bear periods. But when we consider it as a long process, it means a big loss. Because they are stable currencies. It neither decreases nor increases, whatever it is, it stays that way. But if it is used by investing in bull periods, it can leave good money with smart moves. But as I mentioned in my first sentence, it will cause you to be worthless in the long run. In the bear season, it will prevent your money from melting.

If you're a long term holders, there's no need to convert your coins to stablecoins since they're believe about their coins long term performance and skepticism about the security issues on stablecoins.

If you're a traders, stablecoins is very important since you're want to get a margin from buy and sell your coins, also you're not hold stablecoins for quite long time as you're only wait your coins will decrease or increase based on your analysis.

Stablecoins are good as an intermediary mode to store coins while tiding over the massive market movements, not for a long term storage.

Say you have 1BTC at hand and sell it at 40k USDT and hold the USDT till the price of bitcoin becomes 20k and use the USDT to buy that BTC back, getting 2BTC. You see how the amount of bitcoin got doubled just thanks to the market movement? Using a fiat as intermediary here would be difficult to liquidate and time concerns. Using an altcoin would also not be feasible because that itself is subject to market movements and change in price.

Beyond that I dont see any use of stablecoins, they are just altcoins which are controlled by certain organizations pegging their value to an asset.

I am keeping up with stablecoins all the time when it comes to the bearish trend such as like the one we are suffering from. Stablecoins are vital to keep up the assets like bitcoin stable in their ecosystem.

Converting it into fiat seems good option too but it's complexion when you sell off things in fiat and get taxed for it.

This is why keeping the assets on blockchain to blockchain makes it easier to transact and you can always have option of spot trading.  

I mainly use stablecoins to make sure that I have liquidity with the assets that I have. Being able to preserve the dollar value before the market turns into a dump that's the best way to approach it. In turn, I am saving money. 

About having the safety and security of the actual stablecoin is a different story now. You cannot do anything about it if something happens. You have to be prepared.

If you want to adopt stablecoins you must be aware about the risks and take them on your own. Who deals with stablecoins trust the people behind them, or swap money all the time, so they don't risk their money for too long... Personally, living in a third world country where the fiat currency is constantly losing purchasing power (much more than dollar), I prefer to take the risks of a stablecoin than holding my own national currency, because the first might lead me to losses in case of a scam or system failure, but with the second the loss is inevitable and guaranteed.

Nevertheless, nothing compares to bitcoin when choosing how to save money for the future.

If you knew what happened to UST a while back then you wouldn't be asking this question at all, anyway as an investment the answer is no because stable coin still holds the value of fiat even if its completely legitimate and never going to zero because fiat involve inflation so the value is actually keep decreasing not appreciate at any moment.

Investment stand point of view? No, stable coins are not designed like that. They were designed to be like that, stable, help your crypto to stay 1:1 to USD simple as that. So if you want to let's say the market is going down and you have your investment to be not affected, then obviously, you need something as an hedge and that is stable coins. It's just a matter what stable coins you used, right now there are a lot, but before it used to be just USDT. But still the concept hasn't change, and os it benefit us in a big way.

In countries whose currency value is devaluing to USD, the wise citizens of those countries are gradually converting their country's currency to the dollar cos if you have a million in your bank is no longer a million. Am applying the same logic in crypto.
If you have bitcoin, you peg it with USDT, BUSD, or USDC to have a safe and relaxed mind. Converting your crypto asset to USDT, BUSD, or USDC is a reasonable idea due to the current unstable nature(bearish) of crypto. It's preferable to peg your bitcoin to USDT now than to watch it reduce in price

I agree that no stablecoins are completely safe, the risk of losing money is still possible if the stablecoins we have become scams. Have to remember
the crypto world is always high risk, so always be careful in making decisions, if we want to save money in stablecoins it's okay, as long as we don't keep
all of our money in stablecoins. We must remember never to keep money in one place, that's what we need to do to minimize the risk that occurs.
Although Bitcoin is proven to be the most secure of all cryptos, still it is not recommended to store all our money in Bitcoin. However we must prepare
if the worst happens.

I think that stablecoins are the best way to "park" your wealth that you have made doing trading or holding or whatever or if you brought new capital into the crypto space and are now waiting for a good project to come up to invest in or for a good moment to invest into a an already existing project or whatever. So i think stablecoins are great to keep your wealth for a short- or midterm time span. I definitely would not put a significant part of my total wealth into stable coins for years or something and then forget about it. For that the whole crypto space is still way to volatile and unstable just look at what happened to Terra and it's stablecoin.

If you are feeling about some scandals that happened with some stable tokens and why don't you use stable tokens that clean from the scandals like BUSD or USDC? Stable tokens were so good and i have been using BUSD and USDC since both were being issued by circle and binance.
The main concern must be if you shall pick the stable tokens that already meet the standard like BUSD and USDC. It's already regulated.
This to avoid non transparent report about the funds that being used to backed the stable tokens like tether and avoid the scandals.

I don’t like them.

They are centralized and centralized projects are not to be trusted because there is a lot of human factor involved.

Tether says their reserves are backed by real assets which nobody can see. How can anybody trust them with their money? I don’t and nobody should.

When tether goes down, this whole mania will come to an end. Sooner or later it will happen because tether runs on a big scam. It cannot last forever.

maybe not many believe to keep their money on stablecoin but actually stablecoin is the right asset to save and save money.
because basically stablecoins have the same way of working as existing investments.
For example, stablecoins that have gold as an underlying asset, the investment value moves depending on the price of gold in the market, the same applies to stablecoins that have fiat currency underlying assets, such as the United States dollar or British pound.

what makes stablecoins different is in terms of their practical value and usability.
stablecoins are much more practical than conventional ones. In addition, stablecoins are also more secure and transparent because everything is recorded on the blockchain.

If you want to keep your funds and store them using stable coins, your funds will still remain stable. They aren't good for long-term or even short-term investments but will be helpful if you only want to keep your funds without facings risks. They're just good for transactions but not worth buying and keeping especially if you're expecting to maximize your gains.

My opinion about stablecoins is that these coins never scam, and so far one stablecoin has scammed, that's Terra's. This is done by design. Apart from that, all the stablecoins that exist at present can be trusted. But among them I suggest that USDC is better than all.

Stablecoin is always safe and it will keep your money stable like fiat money. and you can easily use stablecoin for buy any cryptocurrency coin. Since cryptocurrency investment  is risky. You should not be completely dependent on stablecoins. if you want to use your money for trade for buy crypto then you can hold stablecoin but if you want to use your money for your daily expenses  then you shouldn’t hold stablecoin

Despite the fact that stable coins are not immune to disasters and UST is a great example of that so your money can just dissapear overnight, storing money in a stable coin may not be very smart especially nowdays when we're facing record high inflation levels meaning your money will lose value rapidly overtime. But if you really want to have some liquidity just holding cash is your best bet.

Stable coins play the biggest role in protecting your asset from the volatile cryptocurrency. Recently a stable coin is scammed which had a major impact on the crypto market called the UST. But I think USDT, BUSD and Dai are the high quality stable coins that can give you the highest Assurance.

Not that too many if I'll be saving in stablecoins. The best option remains to be bitcoin and that is because even how volatile the market is, you'll be sure enough with bitcoin.
It's decentralized and no matter what the current situation of the market, it will eventually become better because of its normal mechanisms like having a halving and the great demand that it has.

To keep money, Bitcoin remains the mainstay of investors, Stabelcoin is only intended for trading. The risk is much greater if you hold on for a long time, USDT and BUSD are currently the best as a trader medium of exchange but if you are not a trader why bother using them. The scandal that has happened has hit both investors and traders, but a trader knows the risks of the coins they hold, so the answer comes back to you personally OP. I personally think it's good but to trade whether it's short or medium term.

What’s the use of investing in cryprocurrency if you will just put it on a stablecoins? Know that this coin is rare move especially on a uptrend, though there’s a tendency that they can drop as well but its not a stablecoin anymore if this is the situation. If you want to save money and earn more while savings, I suggest to go for Bitcoin just like the suggestions of many here. Don’t save for stablecoins because its not worth it.

There are some stablecoins that are still good in the market but do watch out for manipulation and always on alert, because what happens to luna can happen to other stablecoins, when saving your money always diversify, don't put all your eggs in one basket, choose coins that have proven their worth in the market like Bitcoin you can also choose gold because gold's price is a stable investment, you can't be sure in the Crypto market because of the high volatility but if you play the card right you're in for a good profit.

If you are into the looked for long-term investment, I suggest for you reconsider Bitcoin and Ethereum as for sure they won't disappoint you as long as you can manage to hold them.

What makes these stablecoins aren't good for now because of several exit scam issues that happen. Such a deniable event that it causes us not to trust them, of course, we want assurance and safety, and much more for profit that is why we have to choose wisely and invest the right coins.

my honest opinion (although I use USDT, but I use it temporarily only to dazer day trade the BTC pair)

1 - these stablecoins are shady and I'm afraid of them

2 - never hodl of stablecoins and never trust in establecoins

3 - stablecoins will eventually be replaced by USD, for now as there are still no laws around the world about bitcoin so we still have stablecoins

See the scenario, you are holding a token and a bear market is bound to happen.  If you convert you token to stablecoin before the price crash, you are preserving the token's price value before it crashes.  If the token price crashes during the downtrend in bear market, you can buy back your token at a cheaper price possibly getting the same amount of token plus the extra stable coins in hands, i.e

Price before the bear downtrend
1 token sold at $1 USDT ea
number of token = 2000
USDT acquired in conversion = 2000 USDT

Price after the bear market downtrend
1 token = 0.1 USDT
number of USDT = 2000
Reacquiring 2000 coins cost = 200USDT

Result

You will have 800 USDT and the same amount of 2000 token if you converted your token to stablecoin right before the market downtrend.

You see the possible profit if you convert token to USDT before the bear market trend?

Because stable coins barely move and do not provide us with any profit so investing in stablecoins seems to be a waste of time. Your assets will also be at risk such as assets being frozen. Stablecoins are no different from bank fiat, they are entirely centralized so saving in stablecoins is not a good solution either. OP, you should consider the bitcoin hint to save for the future.

You are right. Even though stablecoins have a quite stable price/rate, it sometimes has a bad issue related to their existence. If the project which created the stablecoins has negative issues, that stablecoin can decrease their value as well. Or even that stablecoin can be delisted from exchanges. The perfect example is TerraUSD, we all know what was happening with that stablecoin. Stablecoins don't have the same role as fiats, don't misunderstand.

Yes, converting the money to gold is a good choice, or converting it to land. Buying gold or land, are the two safest ways to keep money.

i am only using stablecoin for trade futures and hold for short term for buy when market at the dip. and i am not gonna hold for long term but if you still wanna hold it keep it away from algorithm stablecoin and keep diversify to other stablecoin

Well, that was supposed to be the aim of using stablecoins, to save your investment mostly when the market is falling into a Bear season but what has happened some time ago now cast some doubt if stablecoins are that safe to hold your investment for a long time. I still would use stablecoins I don't think we can totally run from them but we can look into other options of holding out the money in a long bear season if you don't want to hold all in stablecoin or better still use different stablecoins and not just one.

We have seen one stable coin lose its value like USTC. so nothing is really safe for long term holding the coin stable. although what they offer is very promising but anything can happen with crypto.

Yes it is true but USDT, BUSD, USDC is a must trusted stable coin and I am not afraid to holding  them. I always trust BUSD more and hold BUSD for my next investment. I think BUSD can save our money more then another stable coin. Because Binance is a big support of BUSD

We can only say unequivocally that stablecoins help traders and investors fix their profits in a bear market. And if you are not going to buy cryptocurrency, it is better to withdraw your funds into fiat money, which is more reliable than stablecoins, since the risk of losing the stablecoin binding to USD has become more frequent recently.

Stable coins are better or worse than fiat currencies one way or another.

Better. It brings more convenience to stable coin users. Faster, traceable, public ledger and so on.
Worse. It can be over minted by teams. That means total stable coins minted can be higher than total value backed behind. In addition, what are assets backed behind are important too. UST and Luna crash is an example.
The same between stable coin and fiat currency, they are both inflationary.

I don't think stable coins are good to keep and save your money in. If you have to choose between stable coins and fiat currencies, I will choose fiat currencies, not stable coins.

I wouldn't recommend relying on stablecoins as a long-term solution to protect your capital, simply because they're not backed by the government. Without regulations being enforced, how can you be sure that your money won't go down the drain in an instant? What happened with Terra's stablecoin (UST) should be more than enough to avoid stablecoins in their entirety. They're only good for traders in order to avoid all of the hassles of cashing out directly to a bank account. Other than that, I'd suggest anyone to look elsewhere.

If you're keen on saving your money earned through crypto, then your best bet would be to sell your coins for cash. There's no other "safe" way you can do this. Until regulations are enforced, stablecoins will prove to be extremely-risky assets doomed to failure. Just my opinion :)

- Stablecoins are important as can be said at this time, now if you want to earn here in cryptocurrency using stablecoins, maybe it's better to
  choose crypto to trade in this industry, because as I see the movement is more aggressive compared to stablecoins because of volatility that
  cryptocurrency has. Then if you really want this type of investment, you can also do second options on gold with my own suggestion dude.


- We can still make money from stablecoins, but don't expect to make a lot of money in the future because the price increase in stablecoins does
  not have such a strong impact for a holder to make a lot of money here, unlike crypto or altcoins, the possibility is high that we will earn a lot in
  the future as long as we choose the right coins.

Some scandals were only appearing for the stable tokens that was not being transparent about the reserved funds to backed the token, some trusted stable tokens like BUSD is very very transparent about that. It has a real business that can generate the reserve to print the stable token.
I don't know why so many people keep being skeptical about that since BUSD green listed and regulated by NYDFS

https://cryptopotato.com/binance-usd-busd-fully-backed-and-regulated-stablecoin/

It's good way to keep your money became stable but remember that since this being affected by the inflation. The price may be different anytime.

As answers from some member posts here, there is no guarantee that your money is safe when owning a stablecoin, I think if CBDC as developed countries think is implemented then it will be good because some countries make stable digital currencies, whereas coins are stable up to now it suffers from many unresolved issues like fiat collateral reports it has and other things, when you profit from trading it is better to switch to Fiat only, because investing in stablecoins for long term seems risky.

It would be very much helpful to us if you could have told us about more regarding the coins that you are referring as stable coins. Earlier we considered Bitcoins as one of the stable coins, as the prices were almost fix most of the time, but now the consequences are different. Similarly if you want to invest somewhere and want to yield little profits in a longer period of time, then go for stablecoins. Else if you want quick profits then regular trading will help you for sure.

The scandals in stable coins were a bit jarring, yes, you're right. But we see that the same thing applies to banks. Chinese banks have not given their customers their money for months, even the state has been protecting the banks. In this case, I think it's best to wait in reliable stable coins. I can also recommend that you divide the total balance in your hand into 3-4 different stable coins, I think you can minimize the risk by doing this.

Stablecoins are used for trading, not holding. You would not want to be caught by anything bad that could happen if ever they broke down.
It makes trading easier and that's the only purpose I could see for their existence. The other one may be the for ease in withdrawals for countries that is not accepting other cryptocurrencies.
If you want a crypto asset to HODL there are great choices instead of something that is pegged with $. I'd rather keep a fiat dollar than a crypto.

If you manage to find a trusted, transparent, decentralized stablecoin you can save your money with such a stablecoin (it does not make such coins 100% guaranteed) just as the name implies, stablecoins will retain the value of your money during times like this because it is not as volatile as the rest of crypto.
As to the news scandal revolving around some stablecoins, not all have this issue, some are transparent and can be trusted, those are the type you should look for.

You are totally right, stablecoins aren't suitable for holding for a long period of time. I keep some stablecoins as well, but for trading, waiting for market dips to buy bitcoin or altcoins, once not in use I will convert to fiat. We're here to invest, saving and holding stablecoins won't benefit us.

OP, if you want to save you should use fiat instead of stablecoin, I think in this case fiat is safer than stablecoin, because of what happened we should be more careful with stablecoins, they are not as safe as they we think.

Stable coins is just really good for trading or when you do make out active buy and sells and considering this is also a common thing for someone to make use whenever they are tending to make themselves bit safe when it comes to volatility which they do really make out some conversions from crypto to stable ones but later on when they do see some opportunity then it would be
doing vice versa.

If we do speak or talk about keeping it on our wallet for long term aspect then i would rather suggest on buying bitcoin itself because you could potentially make out profits on just
simply holding not on stable coins considering the price isnt really moving at all or in small percentage which it isnt really worth.

Stablecoins are not a panacea in terms of saving your money. There are also high risks to losing your money: centralization, inflation, insufficient collateral, loss of peg, all of which threaten just about any stablecoin. Algorithmic stablcoins have failed and are the most dangerous of all stablecoins, and should be avoided. If you do use stablecoins, it is better with diversification across multiple blockchains, do not store all assets in one stablecoin, as they are just as dangerous as other cryptocurrencies during market turmoil.

I think it wouldn't be trusted to have CBDC neither, that would be a wrong idea and I wouldn't really consider it a reasonable thing to trust government more than a company. Sure, a regular company wouldn't really be a good thing to trust and there is a big problem with a chance that you wouldn't be ready in case if they just fall, like declare bankruptcy or something like that.

But, governments could get back on their word, or just print a trillion more and make all of it worthless again. Hence, I always prefer crypto, but if I am going to prefer a stablecoin, then I will go with Binance, they are as trustable as any other thing to me.

It's the best way indeed in keeping your wealth from deteriorating and being eaten by the massive volatility after you're finished with your investment and trading.
though there are some rumor going around in regard of USDT being doubtful because they created massive supplies of their tokens, there are other alternatives like BUSD that's guaranteed by the big companies behind.

 I am of the opinion that stable coin is a better way of saving money in the current downward trend of major cryptocurrency such as bitcoin... Some people may not admit it but the fact remains that many people lost money with the current price of bitcoin, ethereum etc. Nobody wants to lose his/her money value in crypto for any reason so it's better to save it in a good/ reliable stable coin for now.

Perhaps, nobody suffered losses from Bitcoin if they will just hold. Even investing stablecoins, can also be possible. Imagine what it happen to Luna, many people had been putting their money on it thinking about profit and secured investment but unfortunately, it was all just gone and it left losses to the holders.

As long as you know how to hold Bitcoin, or just buy the dip and sell high - you're gonna be in profit, not in losses.

I also usually keep my capital in stablecoins to avoid the volatile crypto market. And also sometimes the profit I make from trading crypto
I temporarily store in stablecoins. Actually the presence of stablecoins is very useful, moving funds from one exchange to another is also quite
effective using stablecoins. It's true as you said there are a lot of bad rumors about USDT, therefore we must be wise and careful when storing
money in stablecoins. Moreover, what happened to UST proves that not all stablecoins are safe for storing money, we should not keep our money
in just one place. That's why I don't just keep my money in USDT, but I keep it in several stablecoins, thus minimizing risk.

The risk like UST will come more often than what we saw this year. But the risk in stablecoin in the future is more dire that we might not even see it coming unlike with Luna's UST.

If we broaden the term "centralized" it only means they control it and if you  have stored millions of USDT in their wallet while the government aka SEC is prosecuting everything in crypto, it may not be safer for stablecoins stored in a private wallet because they can freeze them and will not be able to send it any where.

The reason why it does not make sense to hold those coins for the long term is that you are adding an additional risk with no upside at all, if the fiat currency which is being used to back the stable coin collapses then the stable coin collapses as well, however if for some reason the centralized entity issuing the stable coin collapses then the stable coin goes down with it, however what do you obtain out of this additional risk you are incurring? Absolutely nothing, so you may as well just hold your fiat and be done with stable coins.

UST stablecoin was available for staking at 20% per annum. This system was originally a pyramid scheme, because such projects with guaranteed income in dollars do not exist in financial markets. If you see this, then stay away from such stablecoins.

Do you really trust the stablecoin, which is backed by fiat, more than the dollar? After all CBDC is just one of the forms of fiat, along with cash and non-cash. So in any case, CBDC looks preferable for storing funds compared to centralized stablecoins. If you really want to be independent from the government, then you need to use decentralized stablecoins.

Exactly. No one would take stablecoins as a serious long-term investment after what happened with Terra's UST stablecoin. They're only useful for day trading, but that's it. If you're keen on saving your money for a rainy day, then look no further than cashing out your crypto for Fiat. You're safer with banks than you'll ever be with a private company. Governments need to up their game by regulating the entire stablecoins industry. Only then, investors will be confident their money is safe no matter what. There are many stablecoins on the market right now, but only those that are "collaterized" are most likely to survive in the future. As long as you play it safe, you'll have nothing to worry about. Just my thoughts ;D

Stablecoins are not coins for investment and long-term holding but rather just being used in transactions related to trading. They're just useful as base coins when trading from crypto to fiat but as not reliable when it comes to holding. As for me, they're just functional during trading transactions and for keeping your funds but don't expect any profit since their prices are stable.

These are just a way to keep the portfolio undisturbed even when the market is bullish/bearish. For users who have better learning about the market movements can use it for the purpose of increasing the portfolio. While doing so, it can give profit as well as loss. Nowadays there are large number of stablecoins available in the market. Cryptocurrency network is big as a sea. We need the learning only then it is possible to swim and come out.

Stablecoins aren't for investment, they can't increase their values significantly. If someone wants to buy a coin for investment, he should buy those coins with high volatility, while stablecoins have low volatility. Stablecoins are recommended to invest for the long-term or short-term, they can't give us enough profits. But if we buy stablecoins to keep our money temporarily, I think it is not a bad idea. Yes, one of the examples is when we want to secure profits from trading, we can convert it to stablecoins.

Of course, if you want to invest, bitcoin is the best and most profitable option. But for savings and choosing between fiat and stablecoins, I'd rather keep fiat than stablecoins. In the long run, fiat currency will lose value over time but stable coins may lose their peg or be frozen at any time without us being informed in advance. In general, risks are always lurking when we hold stable coins for a long time.

The name itself says that stablecoins won't make a profit, so you shouldn't invest and hold it. Why would you want to save into an asset with no volatility, no volatility means no return. I would recommend that you consider investing in bitcoin, the top coins will give you a better chance of making a higher return and are safer than those that are stable.

Stable coins are not for investment rather for saving of funds. Traders that usually convert their coins to stables coins, thus strategy have saved many of them. Like the during the dip, those whohave already convert their coins to stable coins like BUSD and USDT have escape liquidation while the ones still holding Bitcoin when it was at it's ATH and getting dump to $20k are in big loss. Stable coins have made me escape loss countless number of times. But investing in other coins like Bitcoin will pump your portfolio.

it can not be a guarantee because all crypto coins (including stablecoins like usdt others) can also go down along with a bear market wave. but the difference with other coins, stablecoin the decrease is not significant and also the increase is not significant, only a few percent but still not 100% safe. if you choose only to save money, better save it in the bank or buy gold.

I won't hold any stablecoin for longterm, I don't think its an investment coin. Most of the time I only use it to send some payment, other time just hold it on exchange when the market sideways, so I won't lose any money, and I can enter the market quickly. That's all I do with stable coin, never an investment, the value will decrease just like its Fiat and we never know if the company behind this coin actually has the asset that back up the coin.

I allow stablecoins for a short period of time, but what traders do, find a "safe haven" at stablecoins during a bear market, I see as very risky. You can lose a lot in this way, even more if you just held money at bitcoin, for example. Not so long ago, those sad events happened with some stablecoins, which can easily be repeated on a large scale and big losses for the holders. I don't think stablecoins is a great way to save money at all. Moreover, almost all of them have questionable points in their business models.

And what profit will you get when investing in bitcoin in the bear market? At such moments, you need to think about saving your balance and the best for this are stablecoins. Stablecoins will not increase your balance, but they will give you the opportunity to buy coins at the lowest price when the cryptocurrency market reaches the bottom.

Well anyway it's not a good time when investing Bitcoin during a bull market,
stable coins are indeed a good choice for keeping balances and there is no doubt about that,
but indeed everyone has their own choice depending on their individual preferences

And that is the way stable coins should be used, we must never let our money too much time in those coins because we never know what it may happen and at some point the coin could collapse and we could lose all of our money, this is what happened to UST and I do not think anyone wants to go through that experience, so stable coins should be held for a very short period of time in order to protect ourselves from the volatility of the market, but once that volatility goes down then we need to invest once again in our preferred projects.

Stable coins are made to maintain prices, if we have $ 1 million stable coins then when the market goes up or drop the value of our money does not change, stable coins are very good and help to lock the assets so that they don't worry if there is a storm, this is what makes me always move the asset To the coin stable when the market sign will be red.

The profit I get is I can buy more bitcoins in this bear market. According to me, if you are holding stable coins to catch a dip, then in my opinion, it is not a holding or saving as the OP describes it. The temporary holding is for the purpose of catching the dip and it is not considered a long-term holding to make a profit.

Well, there is a way to profit with stablecoins if we use them as transition tokens.  Meaning if we believe that a bear market is about to happen, then we can convert our token to stablecoin, preserving the value of our token then buy back when the bear market happens and the price of the token crashes.  It will be either we buy more tokens or buy the same token with an extra stablecoin in our hand.  The timing would be the main issue in this kind of strategy involving stablecoin.

Failure may await a clever speculator in one of the stages of the scheme you have described. By exchanging tokens for stablecoin, it may turn out that the price of stablecoin will collapse, as it has already happened. These are direct losses. It may even turn out that stablecoin will cease to exist, which means that there are very big risks. So far, all known stablecoins are more or less holding up, but many have doubts about their stability and reliability. As a transit token, stablecoin can only be used for a short time.

In theory, stable coins are safer than tokens when you need to store and maintain your portfolio value. It is true only if a stable coin you choose to store your money is strong and does not lose its peg. You are fine if it won't depeg.

To be safest, you must choose fiat currency like USD if you don't want to store your capital in tokens. To maintain value in number, I would prefer in ordinal priority like fiat currency, stable coin then cryptocurrency. With cryptocurrency, I would prefer from Bitcoin to Ethereum, BNB. Tokens are at last orders in my priority.

It is too early to say what their true potential is, however, we can start drawing some conclusions by looking at the numbers and so far, stablecoins seem to have a positive relationship with mainstream cryptocurrencies; this trend has room to continue developing in the months and years to come when the market correction is not yet normal.

In fact, there is a solution to all this which is to trade STABLECOIN where Personal Money will be pegged to the most stable currency – US Dollar. Will the government interfere with daily rate fluctuations in the future? but one thing, this has a better impact on investors, especially with the current market conditions which are very vulnerable to corrections that can occur at any time.

Nevertheless, there are also investors who specifically buy stablecoins in order to place them on staking, since the resulting profit exceeds the one that you can get in a traditional bank. Naturally, you need to understand that the risk of losing your money here will be higher than in a traditional bank.

Stable coins are just to stop your holding from dipping in value. Converting your holdings to stable coins prevents your cryptocurrency holdings from falling to zero in the bear market. Buy stable coins cannot be regarded as investment. No matter how long you hold it or market situation, stable coins relatively maintain their values inasmuch it is not under attack.

Short term use only. Bitcoin now is the best way to keep and save after it dropped in price.

Exactly. With rising inflation rates, no one will want to save Fiat/stablecoins in the long run. You're better off investing that money into something that would generate value over time. Stablecoins are only a short-term solution for those who want to protect themselves against the crypto market's volatility. If you use them right, you'll be able to achieve complete peace of mind. Otherwise, it'll be game over for you.

Let me tell you that decentralized stablecoins that are collaterized (eg: DAI) are your best bet to preserve your capital without the risk of losing it all in an instant. It's been years since DAI was created, yet its peg has remained untouched. Of course, nothing is guaranteed to last forever. As long as you don't put all of your life savings into stablecoins, there should be nothing to worry about. Just my thoughts ;D

Ithink not bro sometimes the stable coin can drop anytime thats why stable coin is not recomended to keep and save your entire money. Your money can be loss all anaytime .

Fiat money was far better in this case rather than keeping stable token that can repeg anytime and that will be putting our money into the big risk. UST gives us a very important less once token loss its repeg and it will become a disaster caused by so many people will be dumping their stable token for the fiat money or another crypto that has stable value as well. Keeping stable token for long term to save money was not good enough

If you're aiming for a stable deposit of coins, I think it might be better to hold it in a completely secured conventional bank. however, you can also use it anytime, when you want to buy something. quite a lot of FUD regarding coin stability, especially what hit UST, which makes me think it's not secure enough. However, if you're just keeping it temporarily when you haven't decided what investment to choose, I think it's pretty good to keep on a stable of popular coins. However, in the long run, I don't recommend it, especially if you have a large amount of stable coins.

Well many projects now creating stablecoins we should know how stablecoins work and is it really backed by real dollars or not since there is already an incident on stablecoin that we never forget. Personally, I love to stake stablecoin since their APY is not that bad in this bear market.

Threats such as Luna which makes coins stable and fails because they want to increase the stock of course can happen with any other coin, coin stability is an easy way to get money rather than opening an IDO or ICO which is difficult to reach softcap, whatever happens with stable coins of course we have to always be alert and this is a good move.

in my opinion there are only 2 stable coins that really have good fundamentals, after the UST incident,
of course this made many traders panic to keep stable coins, but for USDT and BUSD don't worry,
these two stable coins are very different from LUNA or UST , because USDT is USDT and BUSD is in the Binance ecosystem, so don't worry

I don't think so. Some stable tokens are reliable enough to be used for the long term purpose. You can see how USDC was very reliable enough to be used as long term hodl to prevent the bearish trend to come anytime. I think that it's not all of stable tokens were not reliable for long term. Some may have very good fundamental that makes the stable token can be used for the long term purpose.

but not all stable coins are good for the future and I will take the example of the UST coin.
previously, UST or Luna was known as a stable coin and had high interest in all markets. there are so many big investors who save money in Luna coins so they are not affected by the fluctuating crypto prices. but in reality Luna was like throwing away coins and the price went down very deep. and after that incident, some big investors were afraid to keep big money in stable coins.
but for me keeping money in USDT or USDC coins is a stable coin which is safe and has a very good reputation for the future. but it's all back to each one to start research before putting money into some stable coins

The difference is that Luna (UST in this example) was an algo stablecoin, which meant that there weren’t actually money behind it to keep it at 1 dollar, but it meant that you would be profiting from it when it went under 1 dollar so it was in everyone’s best interest to keep it 1 dollar since you would profit from it.

But eventually someone with more money than the whole market came in and took advantage of that and made a ton of money from it, maybe even doubled their insane holding. It took a lot of money from the Luna team to try and recover but they failed. So, I am not shocked about the fact that it went down, it wasn't similar to BUSD or USDT in logic.

yes. stablecoins are the best way to store or secure the assets that we have, because stablecoins will not go down high and will not go up high. and only around 1 - 2%. so it is very suitable for us to store assets in the form of stablecoins. maybe you can use USDT or any of the other stablecoins available, but a lot of people use USDT to protect their assets.

Exactly, not all stable coins are recommended moreover for holding. If we are going to invest in crypto, it is not in stable coin, but in Bitcoin is the best. But if we only want to keep our money in crypto and are able to use it sometimes whenever we want, we may use stable coins that are trusted and have been very popular used.
Although we know that stable coins don't mean that the price or pairing will not change. There are sometimes the rate will be dropped or rise up.
Here, you may analyze further to check USDT, BUSD, CUDS, or DAI for recommendation

That's right, stablecoins are the right choice when the market is down or when market conditions are uncertain and difficult to predict. so choosing a stablecoin to maintain asset value is the right choice, but not all stablecoins are 100% safe, choose a stablecoin that is 100% backed by fiat like BUSD, then you don't have to worry about the value. Also, keep in mind that Stablecoins are a means to maintain the value of a temporary asset, not an investment vehicle.

There is no guarantee that our money will safe if we convert it to stable coins.
Just look at UST Terra stable coin, it has failed and the coin is no longer valuable in this crypto market.
Stablecoin is a good way to keep and save money, but not all stable coins are good.

Stablecoins are digital currencies backed by national currencies or precious metals like gold Stablecoins can be fiat cryptocurrency or commodity backed In a tech driven economy cryptocurrencies represent a new asset class cryptocurrencies are volatile and can change value in seconds. Stablecoins were created to regulate bitcoin and other cryptocurrencies price volatility by being tied to the us dollar Stablecoins are less affected by market conditions than cryptocurrencies Stablecoins can earn you interest borrow stablecoins staple stablecoins .  Stablecoins are a low risk way to generate interest on cryptocurrency exchange accounts.

In the current situation I am quite optimistic about the future of stablecoins. Despite a lot of negative news, such as the recent issue with Tether and the possibility of this problem occurring with other stablecoins, there is still a large number of stablecoin startups putting a lot of effort into their development. All this shows that despite all the issues, people are still attracted to stablecoins, and will likely become an interesting phenomenon in the cryptocurrency world in the future.

My view is Stable Coins are a promising technology, which could better serve as a currency for digital purchases, online trading and day-to-day digital interactions. They have great potential and hope to be widely used in the near future.

Isn't a stablecoin a bridge in the form of other crypto assets and is defined as a crypto currency pegged to fiat or dollars.

I think it's okay if you save and use stablecoins for savings, but not for investment, maybe you don't have to hesitate if you want to invest, if you believe at the right time, because your savings in stablecoins do not decrease.

Given the large number of stablecoins that have lost their binding to the dollar, it is still better to use a fiat dollar for storage. You need to use a stablecoin only if you are really a trader and you need to fix your profit. And such fixation in the stablecoin is a relatively short period of time.

what happened to terra USD got everyone's eyes open about the stability of the coin. stable coins are very vulnerable to attack, I currently only trust busd because it can be announced that busd has backups from the largest exchange in the world. but recently i got word that acla or ausd team can respond to hacker attacks immediately. they seem good to be stable coins.

Recently, there have been many cases of stable coins losing their value 1 : 1,
and now there is news that the HUSD stable coin from Huobi also lost its value from 1 HUSD to only $0.8,
how about it? for me this is something that can't be trusted anymore

yes, from that incident made many traders including myself very worried about the stable coin,
especially now there are also rumors that USDC is losing its value, but I checked on coinmarketcap it is still at 0.9,
of course this will create an uproar if something bad happens to USDC.
this is the source https://www.thecoinrepublic.com/2022/08/18/tornado-cash-ban-impact-on-usdc-and-usdt/.

The market left you no choice for maintaining your asset worth. Despite you and I knowing the risks among stablecoins that might de-peg it, we can't do anything about it. At best, trying to spread it out over two to three among the biggest stablecoins, like USDT, BUSD, and more is the only way to lessen it.

Not really safety although saving with stable coin because today many kinds of stable coin network price drop drastically, last few hours ago happening with HUSD or stable coin from Huobi, lower price drop until $0.84 although right now success back to be stable coin with values $0.99 but I think have another time with HUSD back drop again to lower price. I think many people got scam with UST or terra stable coin and looks not really trusted with stable coins right now. Maybe last destination about saving stable coin in BUSD, still not ay bad news and moment make BUSD drop lower price like UST or HUSD but not guarantee BUSD keep safety for saving assets as stable coin, will have one day later with bad news and make BUSD get the same cases like HUSD.

Or if you want to retain the value and want to keep it safer but not in a stablecoins but in bitcoin. It's true that scattering your money into those stable coins could lessen the risk but we really don't know until many of them depegs but hopefully, not gonna happen to the most popular ones.
But, we can't be sure since UST was once became a popular stable coin and has offered huge percentage to those stakers but didn't up well and became a meme today.

Not all stablecoin uses the same method as Terra.  BUSD and USDC have been proven to have 100% dollar reserve to keep its value pegged to dollar.  So if we need a stablecoin that is really stable then we can opt to use BUSD or USDC to keep the value of the crypto we are holding.

I actually agree with you about stablecoins being the safe haven when the market is volatile. I usually prefer BUSD or USDC than any other stablecoins right now. But for now, most of my savings are into Bitcoin as I am usually doing DCA every month. As for the rest of my stablecoins, these are just either for other experiments like the NFTs, GameFi, etc., as well as some essential needs for me and my family in which I can convert them anytime via P2P.

But I won't be saving in banks either. I don't trust them since they can freeze my account anytime for such reasons. I rather go for non-custodial hardware wallets like Ledger Nano S, Trezor, etc.

I don't think stable coins are good for long term investment, the only time I think stable coins are useful or important is whenever you their will be a dump then you can convert your money to stable coin so that you will be able to buy coin when they dump, buy I think it's a bad idea buying and holding stable coins for no reason. Instead of holding a stable coin, just buy your bitcoin and hold, Bitcoin is very safe and secure for long term holding.

It should be borne in mind that most of the current stablecoins are backed by fiat, the currency of states. Therefore, stablecoins do not protect us from the current high inflation. This does not affect the number of stablecoins, but it is aideous for their purchasing power. It automatically declines along with increasing fiat inflation. So fiat-backed stablecoins are not a good way to keep your money. They should be considered as a necessary auxiliary tool when working with cryptocurrency.

It is not the drop that worried the most, what is very concerning now is the growing scams that happen to the market which involve stablecoins. This will create a huge turnaround from the investors who are holding stablecoins and started to sell them for the sake of not getting late before it turn scam. These issues that have been raised nowadays make people think that stablecoins are no longer suitable in the market and rather be dissolved as they no longer provide profit to the invests but instead losses.

Then we've to look out not just for the top and biggest stablecoins but also have a proven peg/backed system. Of course, UST got dumped and lost its peg because it was tied to LUNA, crypto that cant maintain its worth under the volatility market. This brings us back to USDT and BUSD. Two of the top stablecoins were able to keep their peg and stay stable during the bearish market months ago.

there is only one that I believe in, namely USDT, USDT has been around for a long time,
so I really feel safe, moreover USDT has a lot of liquidity,
and of course USDT has become a pair on many exchanges, yes, this is my favorite stable coin

stablecoins are very good to be used as safe storage places because they can maintain the estimated assets that we have. but don't store assets in crypto because it has a high risk because one day it can crash and this condition we have to worry about. and in my opinion the only stablecoins I trust at the moment are USDT, USDC and BUSD.

USDT, BUSD, USDC maybe only these 3 stable coins that have a 1:1 value without any worries,
indeed USDC has decreased some time ago, but the recovery is very fast, yes it worries all traders, I know that,
but the it doesn't have big problems like UST, so all is well.

Scam is a big part or factor why investors will be thinking twice before keeping a stable coin, no longer safe for trade as they might be scam out while holding the assets, some might think to hold crypto instead of keeping stable coin as the tool for shorting, though it will continue to depend from how you deal with your research and how you deal with your daily trades.

Some traders might use it still for their everyday or for the short-term trade to continue doing scalp while opportunities are still open for them.

Long term investment with stable coins not really profitable because increasing price without 5% although five or seven years later, I think about long term investment better I choose with bitcoin or altcoin kinds like TEH or BNB. Exactly stable coins function as convert altcoin assets when price going dump but have aome person keep holding stable coin prefer with fiat. Not different values and inflation between stable coins like BUSD or USDT with fiat currency because have the same values with fiat USDT or stable coins like USDT or BUSD.

That's the stable coin that has such issues. If you feel safe because it's been there for a long time, can't blame you for thinking about that because it's one with the highest liquidity in all of these stable coins.

But if you look at the other stable coins like DAI.

It's a decentralized stable coins and no one shall freeze you with your funds unlike USDT that has done it for some reasons with those funds that came from hacks and scams.

that's right. because crypto has a very big risk. maybe usdt and busd are stable coins that have been recognized by many investors but we don't know what will happen in the future.
but there is nothing wrong with us believing in usdt and busd as saving our money for a small amount not for a large amount.

stable coins are a way to reduce the risk. however in past few months , weeks many of us have seen stable coin is a huge risk than other non stable coins and tokens. when you think to keep your funds as stable coins you must consider about the secururity of the protocol which stable coins are built on. just think recent ausd ( stable coin on acala ) exploit. they managed it better than how luna did .

I mean in terms of moving into stable coins to preserve capital it works in countries where taxable events only occur when you go from crypto to fiat, therefore going into stable coins relieves you of that.  Otherwise I'd rather go into fiat than stablecoins.

I wouldn't say you'll be "relieved" of paying taxes from stablecoins, since they're centralized after all. The issuer can simply freeze your funds if it detects you're evading taxes. With the Terra's UST stablecoin collapse, regulators have been paying close attention to the industry's developments. I think governments will tighten regulations in order to prevent money laundering and tax evasion with stablecoins. Of course, this applies to centralized stablecoins. But with decentralized stablecoins like DAI and USDJ, that's another story.

I'd prefer to save money in Fiat because it's backed by the full faith and credit of the government. Stablecoins don't have the same protections as ordinary Fiat currencies because they're issued by private companies. If the company goes bankrupt or there's a major hack, you could lose it all without being able to claim your money back. Unless regulations come at full force, I don't see stablecoins going anywhere soon. Just my thoughts ;D

In any field, there are always a few projects that fail, the worm makes the soup pot. Can't just because some bad projects will lead to death or affect the whole industry in the future, there will still be other good and developing projects. Same with stablecoins, failure of UST or shady accusations of USDT, besides we have good stablecoins like DAI, BUSD, USDC...they are still very useful and necessary in the market. Stablecoins are already part of the market, they will not disappear unless replaced by CBDC.

well, if the goal is to "save money" in the long term, then it is best to keep the money in fiat. especially if the amount of fiat owned is quite large, so many people prefer to hold fiat in the bank and take advantage of the interest money each month that can be obtained from the bank's interest percentage. I read a lot of books about holding fiat and taking advantage of such advantages. well, it's safer, because it's borne by the state. it's just that, if it's for temporary storage until we get new assets, then stable coins are the best so that we don't have to bother making deposits again. it is also more flexible to be sent to various exchanges with low fees.

Stablecoins are not a safe way to save money for me. Even if it's fiat-backed like BUSD or USDC, there is no guarantee that it is still existing in the future like 5 or 10 years from now. If the insitution backing those stablecoin collapse then its value will also depeg just like what happen to UST.

Saving money in fiat is still the better choice for me. Banks where we usually put our money will not just close if the economy of our country is not in danger.

From personal experience I say yes, the reason why they are stablecoins is they are not volatile and your money won't loss value like when you hold in crypto. When the market is down, stablecoins becomes very useful to hold assets till when the market has recovered. But to hold stablecoins for long term you will need a reliable and trusted stablecoins to will be around for long term to hold.

If you intend to keep your money and save it, the fiat option will still be safer than stable coins. Although it is part of the cryptocurrency market, it is ultimately just 3rd party coins created without government guarantee, if they disappear or collapse, we will have no legal protection, and we will lose everything without being able to sue anyone. What the future of stablecoins will be after the government brings CBDC to market, it is difficult to say about the future of stablecoins.

All stablecoins are backed by gold cash or short term corporate debt called commerical paper Stablecoins are a limited cryptocurrency and bad investments Better for digital transactions and converting digital assets to actual money because crypto trading and prices can flucturate quickly it may be easier faster and cheaper to swap coins for stablecoins than to switch dollars in and out of your bank account You could rapidly conver bitcoin to stablecoins tied to the us dollar such as usdt and it would remain in the exchange and keep its value Stablecoins might be traded for other coins converting bitocin straight to us dollars could take longer and remove it from the crypto exchange. so its stable investment but some time very risky.

For me stablecoins are the best choice when preparing to enter a bear market. Usually I secure my assets into stablecoins. and stake for small profits. but the staking I choose is flexible. so I can still use it when there are Coins I want to buy. and my preferred stablecoin is BUSD. because so far there is no problem with this one stablecoin. different from USDT which had experienced problems in the past.

there's nothing wrong when using it and there's nothing wrong also with not holding it in for a long time. So I think what is the problem now is how can people trust the system when still have a vulnerability to be frozen and government didn't banned it.

Unfortunately some well known stablecoins do have scandals written all over them but it seems we all have put a blind eye & the past behind us and they seem to be growing strong too all because cryptocurrencies remain unregulated but if you are keen on doing something it's all up to us the end users to support or not to support such projects  ::).

If volatility isn't your piece of pie and want a piece of mind,stablecoins are the way to go but you need to remember that you also lose the opportunity to gain when markets are bullish as these are usually pegged to fiat or metals which are less volatile.

Stable currency is very important as a backup.  Always keep some stable currency in the wallet.  I recommend you to hold only BUSD and also usdt, they are very good coins among stablecoins.Stable currencies play a role in bear markets.  Usually traders invest all their currency, but later find that when the market goes down, they have no currency left to buy.So stablecoins are very important to cover losses in trading. I always secure assets in stablecoins,because I know it will come in handy in times of danger.

temporary storage might be good enough, because storing assets in stable form of coins will make it easier for us to trade again, especially if you store it on an exchange, or a wallet that has easy access to DEX. However, in the long run, I personally don't recommend it. it would be better to keep the coin stable to Fiat, because it's the same. In fact, I think that keeping fiat in national banks is much safer, because it is absolutely guaranteed. Seeing the UST that fell quite far, it made me think like that.

Stablecoins are only used for backup when investment or trading plans must eventually change due to unfavorable market conditions.
Some people certainly do what you say to anticipate the panic that occurs in the market. but indeed some people prefer to collect trading profits or investments made in the form of stable assets.
I do day trading. and every day when I will exit the trade then I will convert it into coin stable. and will do it again when tomorrow I start trading again.

We can't blame investors to think that way because even me, I'll be wary as well. Given the fact that we still have another option, I'd rather skip and ignore stablecoin for now until there is no scam issue with them. As once the trust had been ruined, it was not easy to bring it back. What does to Terra Luna can be possible to happen on its kind that is why we should be cautious enough and take the best option to see, in fact, there is Bitcoin, ETH, and many others that are worth investing in.

Yeah, because if all fails (the cryptos when their value dropped hard) we still have a balance yet that we can pull out. We won't lose too much of our money or the money that we already gained but it is important to choose only the best and the most trusted stable coin because if you picked up the wrong one then it is no different to the unstable cryptos. You can still be able to lose your money in it.

Busd is from binance so I think it is trusted. The reason why I am not really sure is because it is from binance which is a centralized company. I am not scaring everybody on here but I am only protecting myself from a possible manipulations that can happen.

Stablecoin was the first method of my trading strategy, when market raise, I sell to stablecoin pairs and wait for pullback to buy, and so doing that as a new beginning spot Trader, I was happy as making small small profits. But the greatest surprised is that, they are difference between investment and spot trading. Which I have learned my mistake while playing with BNB Coin when was range of $20 to $32. as a pullback candle stake, I was happy with small profits made, which I trading $200 worth BNB, equivalent to 10 BNB Coin plus, my greatest regrate was I could not buy it back with my stablecoin, when the price pump to $600 per 1BNB Coin, holding stablecoin can not add value but remain constant.

I think they're a lifesaver although we should be careful of what we invest in. Not everything that comes out as a stable coin should actually be considered as one. We have seem them collapse in the past and more will collapse when they can't handle the sell pressure of their investors when things become bad. When it comes to stablecoin, I consider USDT and BUSD as the best options because of the liquidity they have.
This two stable coins has lots of market cap that they can handle buy or sell pressure whenever the market has to give. USDT has had some scandal but none has been able to crumble the market value as it did to Luna UST.

But both of these stablecoins are centralized and the risk you face is that your account could be frozen at any time, sometimes by mistake. Stablecoin is not suitable for long-term holding or savings, I think it is only a medium to use in some cases for short-term exchange. And another thing is that they are converted at the rate of 1: 1 USD, if you don't want to invest but are looking for save money then you can hold paper dollars which is also a safer alternative to saving with these stablecoins.

Well the only stable coins I HODL are Tether and USD coin because I feel they are the most traded of all the stable coins when it comes to daily volume.  

Since most of my crypto portfolio consists of Bitcoin and always looking to add to it, these are my 2 most trustworthy of them all.  Maybe I will not make money only by saving them but they are the 2 I trust for long term holding.

Yes, it is true that it is not advisable to store funds with Stabelcoins in the long term even though the average stablecoin is pegged to US fiat currencies, basically the existence of stablecoins aims to protect investors' funds when cryptocurrency prices experience high volatility such as during a bear market so to deal with this then usually their investors will choose to secure their assets to stablecoins for a while while waiting for the market to recover.

because in crypto there is no 100% security guarantee even if it's a stabilkoin. because some popular coins have experienced very severe and almost unresolved problems like UST.
all cryptos have a high risk if you continue to keep money in crypto even though it is on a stablecoin it will definitely be more risky.
but it all goes back to each investor how to manage the crypto assets he has as long-term assets that have less risk

There are many list of stable coins but only the best are USDT and BUSD, although can't predict it because it's still risky to hold long term but at some point we have to keep USDT to avoid bear market, so even though it's top stable coin but we just check every update and will convert to top coin if stable coin has problem.

Stablecoins are digital currencies that were developed to minimize price volatility. This type of cryptocurrency is a digital currency that is pegged to the value of other assets, be it fellow cryptocurrencies, fiat currencies, or trading commodities or other commodities.

Storing stablecoins can be a safe step in entering the world of cryptocurrencies even though basically in buying and selling crypto assets there is no guarantee of security and even has a high risk of loss.

Based on various sources, for example, the world's largest stablecoin by market capitalization is Tether, where the price touched US$ 0.9978 per chip on June 13. As of today, the digital coin (token) codenamed USDT is trading at US$0.9992 per chip, according to data from CoinMarketCap.

We can't predict what will be happened in future about crypto currency but when it is a matter of best and favorite stable coin then I will pick USDT and BUSD as like you. These are popular among most of the people and these have a separate fan base. I hope many people will join with this fan base to use USDT and BUSD for different purposes.

You are right about the convenience of having stablecoins to buy cryptocurrencies in case of a fall, but still in case of a bad scenario you will not have time to use USDT or BUSD because they have a locking mechanism. If something goes wrong, all holders will be left with blocked funds, which is the main risk of stablecoins.

Unless there no strong backup for any stable coin , there is no security for your safety. Currently Usdc is backed by Ethereum and Busd by Binance while Usdt is not backed by strong assets so we should not be fully trust over this stable coin. It will be better to legalize these stable coins so it will be more secure to hold stable coins.

If you're scared of the market crashing you can just convert your tokens to stable coin to hold.
But don't expect any profit from it,
 because from what I heard the stable coin also works like your normal united state dollar.

We always have to think about the worst-case scenario to protect our capital. As @fzkto said you can't do anything in any lock state. Instead, I can make a suggestion. If you are someone who advances with the logic of hodl, you may not keep your money in stable coins. When you buy, you can put money in the stock market. But if you want to be ready at all times, there is no such thing as a 100% guarantee. We all take that risk. That's why I support the legalization of stablecoins. At least we can feel safer.

Stable coin will play a significant role when the market will go bearish, especially to reduce your loss it's very helpful undoubtedly. But i think it has also some disadvantages as like i don’t recommended centralized coins such USDT & BUSD, at any time your assets can be frozen but i believe hardly BUSD, because it’s backed by the number crypto exchange Binance.

Do you inverse in the gold to secure your money or not.Likewise you should find the stable coin.Then inverse your money for the long run.Many people say Ethereum will not increase back above 1500 dollars.But for all that criticism,the Ethereum was back to the form.People who holding for a long will get huge amount of coins from the investments.Many people had their own way of holding in different coins.Most of the trusted coins was in pump and proving themselves.

Stablecoins help one to stay over above market when the market is crashng. Some stablecoins area death trap should they depegged. We saw that deppeging happened with UST.

It seems to me that there will be no legalisation of stablecoins, because all these coins are surrogates for the dollar, and the Federal Reserve will not allow legal status for nothing. But what is a big surprise to me is that there is also no stablecoins ban going on. That is, these coins exist as a delayed-action bomb. When cbdc starts appearing in earnest, the era of stablecoins will instantly end.

I have a small amount of Tether and USD coin my portfolio of stable coins. I’m confident they are a good hold but I don’t have a significant amount.
In my view, BTC is main hold and I’m In it for the long game. I think BTC has the best chance of not being affected by the continued inflation.
Our world economy is headed for some rocky times from the overspending and with the uncertainty, I think stable coins are really interesting but I see many the large corporate investors steering clear of risk and that is slowing their adoption.

What if exchanges don't list CBDCs? and CBDCs are no different from each country's fiat, which means we have hundreds of fiat-like CBDCs so it's impossible to list them all. Stable coin is still the better solution.

With the risk that any cryptocurrency could suddenly collapse, owning a stablecoin does not guarantee that your money is completely safe. Stablecoins are not suitable for investment and long-term holding. They are suitable for trading and profit from trading when the market fluctuates.
If you want to invest and hold for the long term, I think Bitcoin will add to your portfolio and be the best and profitable option.

I think stablecoins is no different to fiat money but they are only digital. Yes, they are stable but again like a fiat money, their value can depreciate over time but maybe you already know this fact and that is why you only allocate most of your funds in bitcoin and other decentralized cryptos.

It is said that btc is a hedge to inflation but maybe it's not official because we can see that btc is still going down and seems badly affected whenever the rates of inflation are rising, more that we are now in a recession but the only good thing about btc is that it can recover. As long as we don't panic and think negatively, we won't possibly lose our money and we can earn something after some time.

With the recent happenings in the market, don't keep all your physical cash or savings that need to be use in running day to day and long term activities on stable coins. Stable coins are subject to audit. UST depegged, USDD is struggling to keep it peg. I am currently on BUSD, USDC, USDT. I hold these ones on TRC20, BEP20, optimism chains. I didn't hold on ERC20 mainnet because of gas price.

Stablecoins are not completely safe, and they also have certain risks. Stablecoins are also not suitable for long-term holding. Its price hardly changes and cannot bring any profit.
But stablecoins can play the biggest role in protecting crypto assets from volatility. It can help traders and investors to make profits in bear market. Stablecoins can be used to buy other cryptocurrencies for profit when the market price falls.

Stable coins are not good for investing, because until later they will remain the same in value, they will even decrease due to inflation. but when a bearish season like this time makes the coin stable it would be better to prepare to buy at a good price according to personal analysis. bitcoin is indeed widely said to be a solution to inflation, but there is still much to be considered if it is made into currency, maybe later when technological developments support this it can be realized

Stablecoins are only good to use for trading. No good to hold.
We all saw with UST, so basically stable coins are very risky business as they can also be dumped and its price flushed down. Even though many stablecoins claim to be pegged to the dollar itself, the amount locked to back the number in stablecoin can only go as much. So, in case, I do not use stablecoins and If I need to trade I'll trade my crypto for the real dollar

Stablecoins also have risks and are not necessarily safe. Stablecoins are used to maintain prices, and they can play a big role when the crypto market falls, protecting owned assets from volatility and reducing losses. When the currency price falls, stablecoins can be used to buy at a lower price and wait for a profit.

Let's say that the first choice to keep your savings safe is gold but also stablecoins backed with fiat for a certain period can be a good refuge despite the recent scandals and decreases in value (ust)

Trusted coins like Ethereum Bitcoin are definitely able to give profit.  Maybe it will have to wait more or less.But if you take a risk then you may have to sell it at a loss as per the current price of the time.  In that case you will face loss but if you hold stable coin then in that case you will get that actual price anytime to sell. In this case you will not have any kind of loss or profit.  But there is some chance of profit if the dollar appreciates against your country's currency.  Meanwhile, stablecoins are definitely a key to keeping your money safe

Stablecoins are not suitable for long-term holding, it is not suitable as a long-term solution to protect capital and make profits. But holding stable coins can help many people fix profits in a bear market. When the market is down or prices tend to fall, choosing stable coins can be used to preserve value.

You can choose to invest in Bitcoin. Bitcoin can be a long-term investment. Many stablecoins do not rise or fall very much in the short term, but if you persist in holding them for a year or two, you may gain something. However, choosing a stable currency also requires various investigations. After you invest, you must always observe the market, because the stable currency you invest in may also fall to death.

Yes it is. You can trade them on decentralized exchanges. You can stake them some places for small percentages. You can pair them with other coins in liquidity pools and/or farm for larger percentages but it’s riskier

I personally hold stablecoins as long as I need to, in the sense that I only own stablecoins when I'm looking for a coin I want to hold and usually not for long. This is a way to secure assets for a while before we invest in any crypto assets. Stablecoins are not completely safe, and also when holding these coins for a long time, I think it's not so profitable, because we can't take profits like we hold other coins like BNB or Ethereum for example. Stablecoins are better suited to be held temporarily, not for the long term.

It is more appropriate to secure assets when bearish occurs. This is usually for those who are afraid to trade with an uncertain market value, so they prefer stable coins to keep the value from dropping.
Because stablecoins will never provide any profit except risking it with a small percentage, but for me that's little to gain compared to choosing another coin that has the potential to go up.
Basically stablecoins for them to buy lower or wait for the right price and buy with stablecoins.

That is possible where you can stake or whatever you decided to do and stablecoins have other uses like when you have crypto such as Bitcoin. Example, let's say that Bitcoin's price is at $60k and it show a sign that it is decreasing where you have 1 BTC valued at $60k so, in order to keep the value the same then the best choice you have is to buy stablecoins then you still have $60k ( I know the value won't be the same because exchange sites have conversion/trading fee when you are buying or selling crypto using their platform.

It's easy to say now, knowing what it was in the past and that you had to sell bitcoin at 60k to buy now at 16k, but at the time few people did as you said. You probably didn't do it yourself either, because you didn't know that such a big drop would happen in the future. But now I can guess that buying bitcoins would be more efficient than just holding stablecoins.