Usefulness of stablecoin

[Samayuki]

Holding stablecoin is the best strategy ever in crypto space, remember when Bitcoin drowned to 3500$? This is an example of good times to make good use of your usdt or other stable coins, you want to double your coins easily? Learn to hold stablecoin and wait for the right moment, that's bear market, bear market isn't always bad, it's most time a golden moment for those who hold stable coins.

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[Python Master]

You say as it's very easy but it is not. Problem here is how we know Bitcoin will stop decrease at 3500, then bounce up. Would you take the decision to buy at that price that time? When Bitcoin was around 3500 most people scare and afraid that it will continue go down.

[NeuroticFish]

Learn to hold stablecoin and wait for the right moment

You gave USDT as example. Not a good one.
If you want to hold stable coins you better go for coins/tokens with proper 3rd party audit (which USDT doesn't have) to make sure the coins/tokens are actually backed by something real, not just empty words.


PS. It's hard to tell now if Bitcoin is again in a bear market or not. We may need some 10 days for that (i.e. halving day + 1 week).

[Tipstar]

Holding stable coin is not a great idea unless you want to get interest on your dollar from some platforms like youhodler or nexo. Stable coins are trading material and you should not hold them very long even in a falling market. They should be used as intermediate only as they don't themselves increase in value. They are a good tool for day traders.

[tabas]

That is the actual use of the stable coin. You trade bitcoin to a stable coin when it's on the peak then wait for the further drop so that you can use that stable coin of your choice and then re-buy those sold bitcoins you had for a lower price.
Ideal for traders and somehow for long term holders.

[Crypto_lion]

Ideally stable coins are usually backed by physical nassets equal to the value of them in circulation so that they can safeguard the holders against the volatility of the crypto markets.

[lobo13hf]

Holding stablecoin is the best strategy ever in crypto space, remember when Bitcoin drowned to 3500$? This is an example of good times to make good use of your usdt or other stable coins, you want to double your coins easily? Learn to hold stablecoin and wait for the right moment, that's bear market, bear market isn't always bad, it's most time a golden moment for those who hold stable coins.

The problem is people will be so difficult when will be the correction to hold or convert our coins into the stable coin dude. You can say that it's so easy to do that but the real implementation will be much more difficult than it.
We can't sure how long the bearish market will go and this also the point why it's very difficult to determine the bottom.

[amos77978]

Holding stablecoin is the best strategy ever in crypto space, remember when Bitcoin drowned to 3500$? This is an example of good times to make good use of your usdt or other stable coins, you want to double your coins easily? Learn to hold stablecoin and wait for the right moment, that's bear market, bear market isn't always bad, it's most time a golden moment for those who hold stable coins.

holding stable coin is like a two edged sword..  first of all, how do you know it's a bear market.. there are time when you hold on stable coins.. thinking this is the end of the deep and when you buy into btc or other coin.. the price of btc will suddenly plummet further.. before you know it you're already running into a huge loss which will take you time to recover

[amos77978]

Ideally stable coins are usually backed by physical nassets equal to the value of them in circulation so that they can safeguard the holders against the volatility of the crypto markets.

where is the physical asset backing USDT?? I've been asking this very question for sometime now.. it like when a project claims they raised 10m usd during ico or private sales.. but theres no proof to back this claim

[ballerin and giroud]

You can split your capital, it is not work if you just store your money on USDT if your intention is investing. You can split your money, behalf to buy some coin and behalf you can keep it in case the price of cryptocurrency fall down so as you can buy some of them at the lower price. But you don't need to do that as long as you have a good prediction. You can spend all of your money to invest or for trading so as you will be profitable for it instead of you just store your money on USDT because you will not be profitable.

[Maturnuwun]

stable coins like USDT, USDC are often considered safe investments. or at least you don't have to worry about investing in stable coins. for me personally using stable coins depends on needs such as for daily trading.

[siddartha1492]

You say as it's very easy but it is not. Problem here is how we know Bitcoin will stop decrease at 3500, then bounce up. Would you take the decision to buy at that price that time? When Bitcoin was around 3500 most people scare and afraid that it will continue go down.

Haha so true. The whole issue for an average crypto user who doesn't know how to study charts is when the bull and bear will dominate. Sometimes bear cycles go on for so long that you lose hope of your coins appreciating again. Like it is really difficult to imagine Bitcoin shooting up to 20,000 and beyond right now.

[hushpupppy]

Holding stablecoin is the best strategy ever in crypto space, remember when Bitcoin drowned to 3500$? This is an example of good times to make good use of your usdt or other stable coins, you want to double your coins easily? Learn to hold stablecoin and wait for the right moment, that's bear market, bear market isn't always bad, it's most time a golden moment for those who hold stable coins.

Holding stablecoins is never the best solution, it is more or less a perfect strategy during specific times in profit.

Stable coin. Helps you to exit bitcoin or etherum quickly enough before a dump, and likewise makes it easy for you to get in and buy the dump too.

It is not an investment threshold but an escape route

[Chuky92]

Holding stablecoins is good but I don't think it is the best strategy. My reason is, it is good to hold stablecoins during bear market but what about during bull market or bull run, which is now the best? Stablecoins or coins like BTC, ETH and so on? I believe the answer is clear enough. I would say, the usefulness of stablecoins is during trading (which some people still finds other pairs good enough) and during bear markets and it ends there; when one wants to hold for long term, then BTC is the best.

[michellee]

I think by holding a stable coin, you can buy any coin even bitcoin when the price is down. You will get much amount of the coin, so you can sell when the price increase later. Hold stable coins at the bear market will give you benefits because you don't have to afraid of the decreasing of the money value so you can buy the coin at a low price.

[masterrex]

Holding stablecoin is the best strategy ever in crypto space, remember when Bitcoin drowned to 3500$? This is an example of good times to make good use of your usdt or other stable coins, you want to double your coins easily? Learn to hold stablecoin and wait for the right moment, that's bear market, bear market isn't always bad, it's most time a golden moment for those who hold stable coins.

I feel confused with your OP "Holding Stablecoin is the best strategy ever in crypto space" what do you mean about it? Are you holding a Stablecoin just to wait another bearish moment to buy Bitcoin? I think it was not the best strategy mate, your money will be idle and unproductive for a long period because if you hold a Stablecoin in a long period the price still the same, so it has no returns. Why just use it to buy and sell cryptocurrency and after you have done convert it again back to Stablecoin, in that case, you can earn. But that was only my suggestion.

[sheenshane]

Holding stablecoin is the best strategy ever in crypto space, remember when Bitcoin drowned to 3500$? This is an example of good times to make good use of your usdt or other stable coins, you want to double your coins easily? Learn to hold stablecoin and wait for the right moment, that's bear market, bear market isn't always bad, it's most time a golden moment for those who hold stable coins.

I don't know if you understand the word "volatility" which means there is a fluctuation of the coins which is a good opportunity if you know how to ride on it. Stable coins are good when the market shows drastically down, diverting your high volatile assets into the stable coins is the best option if you see market in red colors.

You will never gain profit on stable coins because it is a dollar base and stable price. It is means the value is stable.

Did you know that, Proving That Tether Manipulated Bitcoin 2017 Bull Run Won’t Be Easy.

[dataispower]

Holding stablecoin is the best strategy ever in crypto space, remember when Bitcoin drowned to 3500$? This is an example of good times to make good use of your usdt or other stable coins, you want to double your coins easily? Learn to hold stablecoin and wait for the right moment, that's bear market, bear market isn't always bad, it's most time a golden moment for those who hold stable coins.

There is sense in your statements, but how many people just hold stablecoins when they are aware it won't benefit them if there is an uptrend in the market. I actually picked something from this post and I'll start keeping reserve USDT just in case there is a significant market downtrend to key in. I trade on USDT pairs but its hard to just hold usdt or other stablecoins. I always have open orders on my stablecoin pairs (to buy or sell).

[Janus101]

Don't know, stablecoin sure is great to flip between it and bitcoin when there is a dip but 'brah, money printer goes' meme. Honestly, stablecoin has a risk too so we will never know when it crashing down. Also, you either a veteran trader with good sense of timing or a seer to actually know when to buy, when to sell and at what price. That takes a lot of effort and skill, not easy as you said.

[XCANA]

Most of us here make use of the stablecoins because of market volatility when has been the major problem around some major cryptocurrency. As a trader I will speak my point of view from this regard: while trading on an unpredictable situations, its demand you should always take your profit on stablecoins, with this method you will be rest assured that your profit are save than putting them up in volatile coins. Always, during the bear market, I used to move my coins to stablecoins to avoid huge lose in the process. Although, I won't encourage any to use USDT for huge amount because of their reputation among it community.