Less Volatile Coins

[laycon]

I am a newbie on this forum and I have read my posts that people complaining how they lost their fund as a result of investing on Volatile coin like BTC. Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.

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[BlackHatCoiner]

Well, about newbies in the world of cryptocurrency I have to say that the following phrase is reasonably confirmed: The higher the risk, the higher the reward.

Yes there are tons of people that lost money, investing on bitcoin. You want my advice? Don't invest in something you don't understand. If you do understand it, then you have to make up some things in your mind like, should I invest on a centralised coin? Do I need money fast? Did cryptos have a -5% loss past week? For example, did you know that those you mentioned are stable coins and they are made for this purpose?

If you did consider these things then you must know what to do. Adjuct risk and reward and get the greatest possibility.

Trading isn't a sport. Neither maths.

[zasad@]

I am a newbie on this forum and I have read my posts that people complaining how they lost their fund as a result of investing on Volatile coin like BTC. Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.

I don't really understand why invest in stablecoins?
Stablecoins are bought to trade on cryptocurrencies, but now many exchanges allow trading in fiat / cryptocurrency pairs.
Read this thread, here you will find many helpful tips and titles of books to read
https://bitcointalk.org/index.php?topic=5262967

[Charles-Tim]

If you want less volatile coin, bitcoin should be the first to come to your mind, altcoins have been the type that are more volatile. But, with the marketcap of bitcoin, it is undoubtedly the best out of the cryptocurrencies. Tether is not a high volatile coin, neither is tether a low volatile coin, tether is referred as a stable coin. I still do not get how you will invest in a stable coin like tether. I will still always prefer DAI which is more trust worthy, but stable coin can not give me the kind of profits I have gained while investing in bitcoin.

[Jawhead999]

Both Tether and Gemini USD is centralized stablecoin, not sure why you choose them to invest.

I am a newbie on this forum and I have read my posts that people complaining how they lost their fund as a result of investing on Volatile coin like BTC. Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.

True, some people complaining about volatility. In the future you will complaining why your coin will get freezed [1] Even your wallet doesn't have problem, but you can't withdraw anything and you'll lose all your coins.

[1] https://www.coindesk.com/circle-confirms-freezing-100k-in-usdc-at-law-enforcements-request

[akhjob]

I am a newbie on this forum and I have read my posts that people complaining how they lost their fund as a result of investing on Volatile coin like BTC. Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.

Putting your money on Stable coins like Tether and Gemini USD without any price appreciation is more like staying in Fiat USD and is more riskier than staying in Fiat. So I advice you to better stay in Fiat USD, if you are worried about the price volatility in Bitcoin.

[BrewMaster]

I am a newbie on this forum and I have read my posts that people complaining how they lost their fund as a result of investing on Volatile coin like BTC.

you don't ever lose money by only "investing" in bitcoin, all the losses come from investing in an altcoin as they dump in the long term or when people try to "trade" cryptocurrencies and make profit from that volatility.
trading means buying and selling constantly to make profit in the difference. it requires a lot of experience and knowing when the market is good for trading and a little bit of luck. obviously many who complain have none of these.

Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.

assuming you live in US do you think you can invest in US dollar? that doesn't make sense because the value of US dollar is the same $1=$1 and it is the same with these "stable" coins, 1 Tether = 1 Tether = 1 USD. so there is nothing to "invest" in.
also these altcoins are centralized and highly risky because at any moment their value can drop down to 0 and no longer be 1 Tether = 1 USD and be 1 Tether = 0 USD.

[seoincorporation]

I am a newbie on this forum and I have read my posts that people complaining how they lost their fund as a result of investing on Volatile coin like BTC. Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.

I wouldn't say that's an investment, holding Tether is like holding dollars, the prize will not change, so, to have money doesn't mean we are investing.

If you want to invest then you have to select a coin who could give you some revenue with time, that's how it works.

[DdmrDdmr]

<…>

In your posting history, you state that you’ve got a 15 year Track of betting, having at some point reached a dire situation. One of your betting tips on your posting history states "#5. Only stake on sport you have adequate knowledge of and never add emotions to it". That kind of applies here too.

Considering stable coins as a potential means of investment, rather than stepping stones, means that you still need to get to know what they are really for (besides the risks they may entail), and that it is mandatory to do some considerable legwork before embarking on risky cryto investments. No risk, no ROI though …

[batang_bitcoin]

I am a newbie on this forum and I have read my posts that people complaining how they lost their fund as a result of investing on Volatile coin like BTC. Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.

They are not investments. Those stable coins means nothing as an investment if that's what you're thinking.
There is no risk and volatility with those coins as if you're just holding a plain cash such as USD.

[mk4]

If you want less volatility, you probably hold USD, but we definitely wouldn't call it "investing". With that said, I'd much prefer BTC, a currency that goes up and down all the time(that can be worth a lot more in the long-term), rather than hold fiat currencies like the USD that's pretty much guaranteed to go down in value slowly but surely.

[avikz]

I am a newbie on this forum and I have read my posts that people complaining how they lost their fund as a result of investing on Volatile coin like BTC. Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.

The way many people have lost money, in a similar way many people have made great profits from bitcoin investment. However, when you say investment, you need to invest in some assets whose price is expected to go up in future. So investment in USDT would not really count as an investment. Stablecoins are here for capital protection and not investment. Hope this makes sense!

[Darooghe]

I am a newbie on this forum and I have read my posts that people complaining how they lost their fund as a result of investing on Volatile coin like BTC. Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.

As far as I know, there is no such thing as investment in stablecoin. This is the crypto world, the most volatile investment ever. People are taking profit from the unstable market. If there are some coins that very stable, then how you making a profit from that? But if you looking for the most less volatile coin you can invest in Dogecoin.

[CarnagexD]

You're not going to lose with BTC until you sell it. The reason why people are losing in btc is because they cannot stand the price anymore, so they sell it. You can invest in less volatile coins but not with stablecoins, can't get any profit from it. I don't have much idea of less volatile coins available in the market, I think ethereum isn't one of those less volatile coins. Maybe XRP or Litecoin? or Zcash, try to research.

[tomahawk9]

Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.

Did you look up if Tether or Gemini USD deliver positive annual (long-term) returns (ROI)? I don't think you quite get what those two cryptos are, but here's a link to help you undertand:

"What Is a Stablecoin?"
https://www.investopedia.com/terms/s/stablecoin.asp

for investment purposes, you want BTC, despite what some the naysayers weak-hands say, just make sure you do some proper research so you exactly know what you're getting yourself into

[20kevin20]

No offense, but if having to choose between BTC and artificial USD for a cryptocurrency investment is your question then I strongly recommend doing some research before investing in any of them.

Stablecoins are not volatile because they are pegged to a fiat currency. BTC is decentralized, transparent and has a precise inflation rate. In the cryptocurrency world, any coin is volatile. If you're looking for something like USD stablecoins then you will be way better off purchasing the real currency instead. It's safer.

As you are a newbie, I would suggest you do some research for at least a matter of days and then start off with BTC. By investing in a less known coin, you may get stuck at one point as you don't have many options with them besides selling and buying. Hell, a lot of these altcoins don't even have properly working wallets on exchanges.

Study, buy BTC and start your path from there.

[DarkDays]

What's the point of investing in stablecoins? That's no different to simply keeping your funds in USD or whatever your national currency is.

As their name suggests, stablecoins like Tether and True USD, Gemini Dollar etc are all pegged to the value of the dollar. They don't fluctuate in value, therefore you're going to experience any gains or appreciation by simply holding them.

That said, you can purchase stablecoins and then invest them on a platform like Nexo, Celsius, or Blockfolio to earn a return on your investment—usually somewhere around 8% per annum.

But you could probably earn a lot more per year by holding appreciating assets like Bitcoin. (Just be prepared to take the bad with the good).

[fiulpro]

I do believe you have to take care of the fact that the coins that you are thinking of investing are no different that fiat.

Volatility has its own benefits if you know how to use it.

You have to accept the fact that these coins are regulated and at the same time heavy regulations means you won't have that much freedom.

They are mostly dependent upon things like USD and at the same time tether is good but it failed to complete the promises made by the company for the users.

If you want to invest in stable coins , you might as well invest in normal currencies like USD.

With bitcoins you have to learn to use it the correct way~

[hatshepsut93]

If you don't like Bitcoin's volatility, then you'd better avoid crypto altogether, because Bitcoin is actually the safest coin. All those coins that seem to be stable are actually ticking timebombs, because there's a big chance they will suddenly crash and eventually disappear, leaving bagholders with 100% loss. If volatility is not for you, look for good opportunities with more traditional investments.

[South Park]

I am a newbie on this forum and I have read my posts that people complaining how they lost their fund as a result of investing on Volatile coin like BTC. Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.

Stable coins are nothing more but a coin pegged to a fiat currency so they are not better than fiat currencies, however they have their uses, if the fiat currency in your country is being printed by the governments without any care in the world then that would be a way to keep your wealth and avoid being robbed by them, those coins are also useful in the case of a crash of this market, but do not forget this, just as the volatility is responsible for the losses of many traders it is also the direct responsible for the profits of the few that win so you should not fear it and instead you should embrace it.