Usefulness of stablecoin

[DoublerHunter]

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.

^ Good idea but we still cannot predict when we will have the pump and dump on bitcoin's price. For whales, it is a good strategy for they can manipulate the trends in the market but for small investors who cannot predict the pump and dump on bitcoin's price then it will be difficult for them to know when will be the best time to use their stable coins and buy bitcoins. Nevertheless, it is still useful to save stable coins as it can help us when we need it on the best buying time.

[BlacksmithCorporation]

In theory, just like you described, keeping stablecoins waiting for BTC to go down to buy and sell at high prices, Stablecoins can help you quickly buy good prices. But the reality is the hardest part is that when BTC drops $ 3500, how many people are brave enough to buy it?

[bitgolden]

I would say they are hated and they are crooks and they are corrupt and many other bad things, but at the same time I can't deny that stablecoins are very useful neither. I just love the idea of stablecoins a lot, however execution is horrible. Something as important as over a billion dollars in stablecoins shouldn't be let to some company, bitcoin has hundreds of billions of dollars but it is decentralized and there is absolutely no company that owns bitcoin or anything like that, neither does ethereum has that.

Only xrp is tied to a company called Ripple which is why I hate that too, and tether also is owned by a company and I think we should know centralized crypto currency like that and give tether company billions to be responsible for, if they steal all them money and run away, there is nothing we can do to them.

[Gab20]

Apart from holding your Stablecoin until you see the market plunge, there some people who trade STablecoin ordinarily. So, while waiting for the opportunity to buy when the price of bitcoin becomes very low, they will continue to trade to make some little profit.
While others see it as not being useful, there are those who see the usefulness and are making use of it.

[Em00n01]

Yes this is very useful during the bear market. I have used it many times but only for short term. Because USDT is not audited by others third party organization. So for short term it's okay for hold and doing dat trade. But don't go for long term.

[cytpoway121]

Stable coins are versatile coins and hardly can you get profits trading stable coins.

But they are safe havens, the fastest way to avoid a bear trap is by selling your portfolios to Stable coins.

The best way to buy the dips at the bear market is by holding stable coins and waiting patiently.

Either usdt or tusd, or busd, stable coins makes alot of stuffs easy while trading

[24Kt]

Yes this is very useful during the bear market. I have used it many times but only for short term. Because USDT is not audited by others third party organization. So for short term it's okay for hold and doing dat trade. But don't go for long term.

I will also do the same, not for long term. Do you remember when Tether admitted that they really have no 100% backing of US$? So I don't know about their real status but it is hard to trust a project that once had lied to its users. Stable coin may have benefits but don't hold it too long. It may collapse anytime so be prepared for it.

[gundala]

~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.

No, this is not easy. Stablecoins tend to be stable prices, price movements are very slow. Need extra patience. Extreme changes occur when there are extreme changes in the market related to BTC, but it is not a routine and very unpredictable moment. If this is the only way you have missed another good opportunity.
The risk tends to be small if holding a stable coin, comparable to changes in low prices.

[Clement Kaliyar]

it is still useful to save stable coins as it can help us when we need it on the best buying time.

It is good to have a stable coin that can be trusted but that is not the situation we have, almost all of the coins are shady at best and even recently millions of USDT are minted and you can only assume that they are holding the equivalent in banks. There are local exchanges that supports your currency and i am comfortable holding that than these shady coins.

[7788bitcoin]

There are local exchanges that supports your currency and i am comfortable holding that than these shady coins.

There is nothing wrong in holding the coins in stable coins for a short period of time, majority of the traders does that especially day traders and if there is a accusation that could doom the coin then it will be well documented and if that is the case then it is wise to stay away from it, until then it is fine to hold for short period of time and if you are trading in exchanges that supports Euro and USD then you can store your money in those.

[tanjiran]

In theory, just like you described, keeping stablecoins waiting for BTC to go down to buy and sell at high prices, Stablecoins can help you quickly buy good prices. But the reality is the hardest part is that when BTC drops $ 3500, how many people are brave enough to buy it?

At that time, people buy stable coins to secure assets, to avoid greater losses while still being in the market. So when prices are conducive, they can quickly get their dream coins or tokens again.
Such an increase is very rare, we will lose many moments when only focusing on stablecoin. The key, use and get stable coins according to the right timing.