Is Pax a good holding

[Kinkyads]

I am selling BTC and want to know if PAX is a good holding spot till there is a low in BTC again?

[1715119172]

1715119172

[asriloni]

I am selling BTC and want to know if PAX is a good holding spot till there is a low in BTC again?

If you meant about PAX stable coin and it's a good and reliable coin consider about it's fully transparent compared with tether. I just wanna tell you right now if you can also try to use another altcoin like TUSD too.
If you are wanna exchanging your bitcoin to the stable coin and what you needed to see how transparent the company to keep the investors update with the fiat currency that already used to backed the coin in 1;1 situation.
PAX is also a good choice too and it has already traded in so many exchange sites.

[biddicoin]

what is your reason to hold it?
PAX is one of stable coins, so if you wanna take profit from its growing it isnt suitable at all. the price would be around $ 1 all the time
stable coin is good to save your money when the bearish market happens, so you wont lose your money in usd value

[Coin_trader]

PAX is a cool stable coin but for hodling then I highly doubt that you will gain profit on it for the long term since it's a stable coin.
Stable coin is not meant for hodling but for temporary safe haven if crypto market condition is very bad. But if you are stocking stable coin so
that you can buy cheap BTC and Altcoin in the future then Paxos is a good stable coin.

[knuckey]

I am selling BTC and want to know if PAX is a good holding spot till there is a low in BTC again?

Indeed stable coins are the right choice to keep your assets stable from market fluctuations, but are you sure BTC will go down again?

But there are also other alternatives if your country has a local exchange available, because usually a local exchange has provided your country's fiat money pair.

[tenakha]

I am selling BTC and want to know if PAX is a good holding spot till there is a low in BTC again?

Are we talking about stable Pax? Because I do not understand why you want to hold PAX, it is just a stablecoin and holding it will not give you anything. Why do not you try the BTC itself instead? If, as I thought, you could make over 50% profit till halving. Or you can reduce the risk by adding a few altcoins to portfolio.

[HammadAli]

I am selling BTC and want to know if PAX is a good holding spot till there is a low in BTC again?

If you want to sell BTC and buy PAX then just buy USD for BTC. Simple Why depending on third party?

[bassbity]

PAX is a stable coin for what you keep this coin because it will not make you give a profit.
I hope you don't sell your BTC to buy PAX coins, because they are the same as other stable coins, BTC will give you long-term profit so don't worry if the low price of BTC will always grow.

[pgbit]

If you're having to ask a bunch of strangers on Bitcointalk if the coin you are considering to buy is a good hold, I think it's a good indication that you have not done your due diligence on that coin, if you search the acronym 'DYOR" in the Bitcointalk forum, I feel it would have been mentioned hundreds of times and some people still don't get the concept, before investing in any coin, convince yourself that it is the best possible investment that you could make and the only way to be sure is to DYOR.

[diazepam666]

I am selling BTC and want to know if PAX is a good holding spot till there is a low in BTC again?

It is a good stable coin and can find this coin in the most of the changes for the conversion of ethereum and Bitcoin. Only one thing I feel that this coin need to be improved volume because I have noticed since this is also the stable coin what is not giving big competition to the USDT in the the circulation and volume.
Hope people will get more interest to PAX coming soon.

[jossiel]

Just like any other stable coins, yes you can convert it to PAX as you like it. There are some other stable coins that you might be interested as well but if you think that you're good with PAX, convert.

Why not take an experiment with smaller amounts and see if you're going to like it?

[DarkDays]

I personally don't like Paxful (PAX).

Is there any reason you are choosing it over the major stablecoins like USDT, TUSD, USDC etc?

Personally, I hold my stablecoins in USDT and TUSD and then loan them out on various platforms to generate a bit of interest.

Once the markets look ready to pump, I then convert back into stablecoins to continue the cycle.

[Sacramentus]

Pax is a stable coin pal,  why would you sell your bitcoin to hold a currency which doesn't add any value in it?  Be sure to make a better investment decision before going ahead on this

[o48o]

People in this thread are asking that why would anyone hold a stable coin. I heard that question a lot when the last bear market was starting. Turned out that jumping to stable coin wagon was a wise choice back then. And while i think that this is the start of the bull market, no one really knows what's going to happen next.

[quierx16]

I am selling BTC and want to know if PAX is a good holding spot till there is a low in BTC again?

I would suggest on USDT because it is more know than PAX well they are just the same that is stable but you will compute more easily using USDT.

[biddicoin]

People in this thread are asking that why would anyone hold a stable coin. I heard that question a lot when the last bear market was starting. Turned out that jumping to stable coin wagon was a wise choice back then. And while i think that this is the start of the bull market, no one really knows what's going to happen next.

nice mate, we can save our money value in stable coins. that's the most usability in my opinion
that's why i replied that in this thread too

stable coin is good to save your money when the bearish market happens, so you wont lose your money in usd value

i found some function too:
Significant features of crypto-backed stablecoins are:

• The value of the stablecoin is collateralized by another cryptocurrency or a cryptocurrency portfolio,
  
• The peg is executed on-chain via smart contracts,
  
  • The supply of the stablecoins is regulated on-chain, using smart contracts,
    
  • The price stability is achieved through introduction of supplementary instruments and incentives, not just the collateral.

https://en.m.wikipedia.org/wiki/Stablecoin

[disconnectme]

I am selling BTC and want to know if PAX is a good holding spot till there is a low in BTC again?

If there is one stable coin in the space that is most transparent I will go for PAX, unlike some of these coins in the space that there is no proof of fund, PAX do have it and even Binance stable coin was hosted by PAX team, you know it is not just stable coins they are into, they have other businesses that run including exchange

[lobat999]

I am selling BTC and want to know if PAX is a good holding spot till there is a low in BTC again?

If there is one stable coin in the space that is most transparent I will go for PAX, unlike some of these coins in the space that there is no proof of fund, PAX do have it and even Binance stable coin was hosted by PAX team, you know it is not just stable coins they are into, they have other businesses that run including exchange

Yes I agree with PAX's merits as a good stablecoin but I found it quite ironic that Tether's utility had gained significant growth despite of several issues it is now currently facing.

In fact, as per Coinmarketcap data, PAX being the second most used stablecoin next to Tether has a current daily volume of only about 1.07 percent versus Tethers current daily volume - which shows a very wide gap in terms of users confidence in utilizing both stablecoins. Any ideas?

[Convery]

I am selling BTC and want to know if PAX is a good holding spot till there is a low in BTC again?

You are risking that you will not be able to buy cheap Bitcoin in the future. If you are true believer of Bitcoin then you will not accept this risk. Crypto is very volatile, we see moves around 10% per day and if you loose 10% in BTC value, it could mean thousands of dollars in the future. I am very positive about Bitcoin future, think about how many people will be able to afford to buy Bitcoin? Do not sell it so cheap now because you will regret it later. New financial revolution is coming and we are a part of it!

[desticy]

To be honest, it’s not completely clear why you need Paxos. If in order to preserve the value of its assets during a recession, then it will fit perfectly, like any other stable coin.
As mentioned above, Paxos Standard is the second largest stable coin in the market, which means it has enough liquidity and volumes to be in the top 50 list.
I trust this coin, if only because it has not had any problems by law yet from tezer.