Buying stable coins is a goog or a bad idea?

[btc_love]

After reading this article https://changelly.com/blog/stablecoins-an-idiom-of-stability-in-crypto-space/ I started to think about purchasing stable coins. What's your opinion about that? Is it a good or a bad idea?

[Thanasis]

After reading this article https://changelly.com/blog/stablecoins-an-idiom-of-stability-in-crypto-space/ I started to think about purchasing stable coins. What's your opinion about that? Is it a good or a bad idea?

Purchasing stable coin as investment? Such a bad idea.

Buy stable coins for trading purpose because it is more convenient to trade than trading with USD but the value of stable coin also decrease due to inflation.

[lobo13hf]

It's a bad idea to secure your profit from the volatility, but there was a time when stable coin becomes very usable for us but sometimes it's also become crap caused by so many strict verification to use it.
That was a good idea when you were a trader.
How useful the stable coin will depend on what is your purpose for that. It's good nor bad idea.

[dark08]

Do you really understand what is stable coin?
For investment purposes stable coin is not recommendable before anything eyes  make sure you really understand the difference between stable coin and not stable coin or volatile altcoin this will help you to decide on your investment plan.

[bitkanu]

Why even purchase stablecoin in the first place anyway?  . I mean if you are trying to invest into stablecoin might aswell invest into the fiat directly. The only reason stablecoin is considered useful because it can saves your assets from volatility when you're "tired" of trading. Therefore "Buying" a "stablecoin" is definitely a bad idea except you are using it to save your money.

[bangjoe]

In my opinion, stable coins are good if we use it as a savings tool, but not for investment, the reason is because the price of stable coins cannot change significantly or fluctuate, this means that we cannot take large profits from the price changes that occur
in my opinion although it is very risky to invest in very volatile coins but because of that we can also have the opportunity to take large profits so from that until now I am still not interested in stable coins

[wiepers]

Bad idea. What do you buy stable coins for? it will not make you rich. Stable Coin is only for transaction method. Because altcoin and bitcoin always go up and down, use Stable Coin for transactions. So that your money will not be reduced too much.

[Duzter]

Stablecoins were much preferred as a pairing with different cryptocurrencies for trading purpose. For the investment purpose it is not a good choice. People who are not willing to risk their funds and expect very minimal profit can invest into stablecoins. Here there will be very minimal fluctuation and that needs to used to profit through the buying and selling. Also a huge volume of fund is required to profit.

[zenhu]

Stable coin is coin that for safe our money from market bearish, of course its meaningful and can be good idea for trader. But unstable coin can give us profit from its volatile and its good idea to growing up our balances. So, its no matter good or bad idea, we can look what its using for.

[Thanasis]

Stable coin is coin that for safe our money from market bearish, of course its meaningful and can be good idea for trader. But unstable coin can give us profit from its volatile and its good idea to growing up our balances. So, its no matter good or bad idea, we can look what its using for.

Stable coins also fell in the bearish market from their stable value so don't think they were completely safe.

[ilhamsugihamin]

in my opinion a good idea, because a stable coin for me is a fairly stable value. This stable coin is suitable for saving even long-term investments.

[CryptoIyke]

I do not see the need to buy stablecoins if I do not intend to use them to trade on exchanges, I would prefer to leave my money in the bank where I am guaranteed of safety better than those exchanges

[hongus]

After reading this article https://changelly.com/blog/stablecoins-an-idiom-of-stability-in-crypto-space/ I started to think about purchasing stable coins. What's your opinion about that? Is it a good or a bad idea?

Better then put the money in the bank. More profit. More good. A stable coin is stable and that it does not bring anything. And if you are not a trader. You do not need such coins at all.

[DDante]

After reading this article https://changelly.com/blog/stablecoins-an-idiom-of-stability-in-crypto-space/ I started to think about purchasing stable coins. What's your opinion about that? Is it a good or a bad idea?

There are things you should understand about stable coins because it seems like you dont know what stable coins are

1. Stablecoin is just like having or keeping fiats on the blockchain tech
2. Stablecoins are different from POS (prove of stake)or POW (prove of work) coins,you cant mine or get rewards when holding them
3. You should know that you cant make profit by holding stable coins ,if you hold 100$ worth of stable coin it will remain 100$ and wont increase in value

Stable coins are better for those who like online trading

[betty11]

I don't gain anything from stable coin. The coin is always stagnant, so minimal or no volatility and I may just end up having another version of fiat except they have a plan to be paying me dividend otherwise, it's a wise of money.

[campusnet]

I use stable coins to trade. save assets for stable coins and crypto trading will be more protected from risk. it is possible that many traders and investors now have more stable assets than crypto. that which makes the dominance of one asset will be felt, and those who have low trades will certainly be a bit of interest.

[Sacramentus]

You can't call buying a stable coin an investment because relatively, your money is just there and not growing. Stablecoin is good though but it's main purpose is to provide liquidity to the cryptocurrency volatile market.

[senin]

After reading this article https://changelly.com/blog/stablecoins-an-idiom-of-stability-in-crypto-space/ I started to think about purchasing stable coins. What's your opinion about that? Is it a good or a bad idea?

You need to buy a stable coin for a specific purpose. In a stable coin, you can use the advantages of cryptocurrency as a means of payment or wait for time to exchange it for a certain type of cryptocurrency under certain circumstances: time, price, or others.
It just doesn’t make sense to buy a stable coin, since they cannot bring profit to its owners. A stable coin should be regarded as a buffer between regular currency and cryptocurrency.

[StatesManG]

Think of it this way, first of all try to understand what stablecoin simply means, which is that it is stable.it doesn't go up or down in price. So let's say you bought $1000 of usdt and held it for 1year, when you come come back, you will still have your $1000 sitting there so buying stable coin is not an investment

[dabenko]

The purchase of stable coins is not a bad idea. As a matter of fact, they have their own usefulness, but you should know that you cannot grow your portfolio with stable coins, except you decide to trade with it. Meanwhile, you can avoid loss of investment value by keeping your coins in stable coins.