Usefulness of stablecoin

[Barbut]

Don't know, stablecoin sure is great to flip between it and bitcoin when there is a dip but 'brah, money printer goes'. Honestly, stablecoin has a risk too so we will never know 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 not easy as you said.

Stable coins are good only for that, to flip between with some crypto and stable coins when the market is going down. In the dip, you spend all stable coins for some cryptocurrency and you got yourself more coins. I do that after days of the green market, it happens often after greed weeks to come red days, sell in the peak of the green and buyback when it's red.

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[Mighty_crypt]

For day trading stable coin is the right choice, what OP is trying to say is the time will always come for stable coin, buying back when time is down with stable coins will earn you double or even triple of more coins

[key4co.in]

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 fact that you might get lucky holding stablecoins and the market dumps hugely, and then you buy coins cheap doesn't make you the best crypto trader. I agree with you that it's good to have a part of your portfolio in stablecoins, which I've been doing but at a point I feel the market is leaving me behind, then I enter BTC or ETH to ride the uptrend. This happened to me last week. Its never easy to just hold stablecoins, well a nice strategy 👌

[nomenclatur]

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.

stablecoin doing a great role if Bitcoin down about $ 3500 for stablecoin it will rise as stablecoin usdt and USDC coin is almost as if the same. Bitcoin around $ 10k price will drop dramatically only stablecoin I experienced this when I bought stablecoin when the price of Bitcoin $ 9k- $ 10k to this day I still hold around 500 usdt. usdt with a price reduction of around 1% to the USD exchange rate.

[mersal]

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.

But how do you find out there is huge dump is coming to the market? You will convert into stable coins when it reaches certain price or you are doing it in random process or just go with your own analysis?

[shollyen]

Stablecoin is more like a reserved fuel. that fuel you use to restoring the strength of your portfolio. It has both its advantages and disadvantages. It will not be advisable to make all your reserve as Stablecoin, because that is not the mindset of an investor. Whether the market is down or not, you should always take advantage of every moment.
If the market is dumping, you right not be able to tell the extent to which it will fall. Just buy when you see a good dip and reserve some. If it dips again, by ore and reserve and do that continuously. Although, this will be more effective for bitcoin and when any of the stages of buyer pump above the buying price, you can now start selling.

[Mealea]

Stablecoin is one of the best things that have ever happened to crypto sphere. Stablecoin has saved so many faces during bear. Many of us have been able to cut our loss by converting our coins to stablecoins. Every smart crypto enthusiasts will know that Stablecoin is the real deal.

[yazher]

Stable coins are a huge help when it comes to safely convert your BTC to it. because as you can see when a Bull run comes, there will be huge traffic in the crypto market. that will make your transactions pending in a long time. this has happened before so we need to take an initiative on how we can counter such scenario and this will be when stable coins became a huge help for us because we will no longer need to convert out coins into fiat rather convert it first into stable coins and later on convert into fiat when the crowds are gone.

[Iyeman]

For day trading stable coin is the right choice, what OP is trying to say is the time will always come for stable coin, buying back when time is down with stable coins will earn you double or even triple of more coins

I thought that he meant about the usefulness of stable coin to be a safe place to secure our money from the bearish market and then try to take the bearish market as an entry point to generate a lot of profit instantly.
he wanna say that to us but he forget if the bounce after the bearish market can't be predicted easily.

People are still betting on it.

[Iyanu14]

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.

Yeah holding stable coin is a good idea, even if their prices decrease it doesn't beyond reasonable or acceptable one.  This is what investors make use of most of the times. They hold stable coins, wait for the bearish market and buy a lot of coins with those stable coins.

[Ryushin]

It's good to have some stable coin just in case, but OP is not different from having Fiats who can use to invest in crypto, no difference, if Bitcoin goes down to unpredictable price it's a good time to buy, either with stable coin or Fiat they serve same purpose

[mdzahed134]

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.

Which assets backed by these stable coins i did not heard ever. Even though a lot of contradictory are behind all of such coins. These can support in the bear market to replacing in safe place, it’s a potential role of stable coins, without this case i don’t see other usefulness in the market.            

[Google+]

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.

Which assets backed by these stable coins i did not heard ever. Even though a lot of contradictory are behind all of such coins. These can support in the bear market to replacing in safe place, it’s a potential role of stable coins, without this case i don’t see other usefulness in the market.            

I don't think there is any certainty what kind of coin has the support of a stable coin but I feel we have a semi-stable coin system which means it only has price movements depending on the movement of USD from exchanges in all countries.

[ReiMomo]

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.

Do you mean that USDT is good to hold than BTC? I think you are in the wrong perception. Stable coins are not good for holding in the long term because they are stable and you maybe will not earn profit from it. Unlike BTC, it will fluctuate every now and then, if you know how to manage this, for sure you will gain profit than holding USDT. Commonly traders are use stable coin in trading not for holding.

[thisnewcoin]

I got your point and honestly, I agree with you! Converting crypto into stable coins in on time is a great idea! I saw many people converted their Bitcoin to USDT/USDC when the price was 8000$, then suddenly the price dumped highly and became 3800$! That time some of my brothers bought back Bitcoin at 4000$! and they were holding till yesterday! So, you see they already doubled their money! My strategy is same here, I just need more money to do so!

[sangjoewara]

For day trading stable coin is the right choice, what OP is trying to say is the time will always come for stable coin, buying back when time is down with stable coins will earn you double or even triple of more coins

Yes, obviously that is a good strategy for now, because storing assets in stable coins also benefits everyone, and will also give more coins if someone buys coins using stable coins when prices decline again.

[Serious475]

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.

Yes I think that in cryptocurrencies it is important to have backup plans because we dont know when the prices eill go up and go down because I xan say that here in cryptocurrency everything is unpredictable so we should always have backup plans incase there is something wrong and there is no bad that will happen fron that because I am sure that it will benefit yoy. I think that stavle coins is truly helpful during the times that bitcoins is down because peoole still earn money even though thet are only using stablecoins.

[rahmatullah9305]

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.

Yes, that's why stable coins are often used by those traders to store temporary assets, because the value of stable coins that are always maintained and very rarely go down like other coins on the crypto market.

[Towerbreeze]

Bitcoin price will always go up and down, it's 100% volatile so holding stablecoin is not bad at all, you can take advantage of both bear and bull market by buying back when bear is alive and selling when bulls comes around

[Jancuki]

I think stable coins are intended to secure assets only. to trade better on non-stable coins, because as we know, non-stable coins are faster to get profits. The risk is indeed very big, but as long as we can be careful and always update the news, everything is still possible.