Less Volatile Coins

[DarkDays]

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 like Tether isn't worth investing in as there isn't a  way to make profit if this is what you're looking for. The purpose of stable coins is to 'peg' your crypto which will otherwise be volatile to a more stable type of crypto. Hence, it's a way to stay put or withdraw your assets from exchanges for a while.

If you want to invest in crypto there is no way to bypass volatility. As a matter of fact this is what provides traders with the immense opportunity, volatility is KEY to healthy profit.

Also, if you're not cut out for risk and losses this unfortunately isn't a place for you as there are many ways to lose money. So the best thing to do is invest in educating yourself, and then gauge your risk.

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[BitcoinHunt3r]

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.

Investment is different with saving (for me) if investment i think i will aim for profit and stable coins is not kind of coin that good to be as investment (maybe yes for saving), because with that volatile, we can get profit from it. About profit or lose, it is already part of any investment and we should be ready for it.

[maxreish]

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.
 

 Look, if you wanted to gain some profits. You should not invest and buy stable coins. Unless your purpose is to convert btc into stable coins to cut losses and wait for the price dump to rebuy again then it's a good idea. But if your purpose is to prevent volatild coins, how can you be able to benefit from it? Cryptocurrency coins are volatile in form but that makes a trader be in a profit.
 
 You can't be a trader if you don't take a risk. Losing fund is a part of trading success, if you don't experience losses, how can you be able to become a good trader/investor?

[Shasha80]

It is true that many people have lost money because of investing in Bitcoin, but not a few have also succeeded in making money from Bitcoin.
So the problem is not because Bitcoin is volatile, it causes us to suffer losses. But the person who suffered the loss did not understand how to
invest in Bitcoin. Therefore, before deciding to invest in Bitcoin, you should first learn how to trade properly. Moreover, investing in stablecoins
like Tether will not be able to generate large profits, because the price is stable.

[michellee]

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.

How if you invest in bitcoin to make a profit instead of investing in stable coins such as Tether or Gemini USD. I think you don't have a chance to profit from holding the stable coins, or your profit will not be too big if you hold bitcoin. But if you want to avoid the risk of volatility, a stable coin will be your choice. But you don't have to complain if you can not make a profit from that. It is your decision, and we hope you can think before you decide.

[shamimal93]

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.

There will be profit and loss in any investment.  Where there is a losseering estuary there is a possibility of profit.  Yes, it is true that many people have lost by investing in Bitcoin and many have lost their capital.  But it is also true that many people have benefited a lot from this bitcoin.  I don't understand why you want to invest in stable coins.  I think investing in stable coins is the same as keeping money in National Bank.
 As you are a new user, I would advise you not to invest at this time.  Gain good knowledge first then invest.

[reliable]

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.

How if you invest in bitcoin to make a profit instead of investing in stable coins such as Tether or Gemini USD. I think you don't have a chance to profit from holding the stable coins, or your profit will not be too big if you hold bitcoin. But if you want to avoid the risk of volatility, a stable coin will be your choice. But you don't have to complain if you can not make a profit from that. It is your decision, and we hope you can think before you decide.

Bitcoin is a good coin and should be existing in the portfolio if somebody want to make good return from the cryptos. Stable coins are ones which is just like bank deposit and instead of crypto better than to invest in banks I feel where guarantee still exists here if any scam happens or wallet is theft people end up losing the money. So, if for long term one needs to invest then btc always the good coin.

[NeuroticFish]

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.

Not at all. Your question proves that you still didn't understand enough. This means that you should not invest at all and just read more.
USD pegged stable coins don't worth investing. And if you are unsure about Bitcoin then don't invest.
Investing needs luck, guts and money you afford to lose. And well made "homework" in order to choose the asset that suits you best (and will also grow, so you'll have profit).

[AniviaBtc]

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.

This is what I think every time I have doubts towards my investments.

That phrase really motivates me and make me become more aware about the happenings in an investments.

Volatility is really a problem but you need to deal with it and face it in the market. Management and control will really make your money safe from losses even if there is a risks. Newbies are not aware about the risks and they are only rooting for higher rewards without even considering other possibilities that might happen in the market.

[imstillthebest]

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.

This is what I think every time I have doubts towards my investments.

That phrase really motivates me and make me become more aware about the happenings in an investments.

 we need to find what motivates us on everything that we do because this removes the down feeling that we felt  but when it comes to investing on cryptocurrency i dont consider the phrase "high risk , high reward " to all the cryptos  because what if you do this on any random crypto and you dont know that what your  investing  are a  scam .  

only risk is you will get but not reward or high reward  . phrase is best suited for the coins such as btc or simillar that has a high volatility rate

[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.

Stable coins like Tether isn't worth investing in as there isn't a  way to make profit if this is what you're looking for. The purpose of stable coins is to 'peg' your crypto which will otherwise be volatile to a more stable type of crypto. Hence, it's a way to stay put or withdraw your assets from exchanges for a while.

If you want to invest in crypto there is no way to bypass volatility. As a matter of fact this is what provides traders with the immense opportunity, volatility is KEY to healthy profit.

Also, if you're not cut out for risk and losses this unfortunately isn't a place for you as there are many ways to lose money. So the best thing to do is invest in educating yourself, and then gauge your risk.

This is well explainatory

[Yamifoud]

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.

If you would like to make more profit better to choose the Bitcoin than having these stable coins. Have you thought that these stable coins will increase their market value? No, it won't and you can be expecting that it gives you more profit. Bitcoin prices will rise anytime, unlike what stable coins can do.

I know that nothing pushes you because that is your choice but I would like also to highlight that better understand the sentiment that these stable coins have their returns. That is why many investors are focusing on Bitcoin because they see and know that this is a profitable asset than any others.

[Twinkledoe]

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 like Tether isn't worth investing in as there isn't a  way to make profit if this is what you're looking for. The purpose of stable coins is to 'peg' your crypto which will otherwise be volatile to a more stable type of crypto. Hence, it's a way to stay put or withdraw your assets from exchanges for a while.

If you want to invest in crypto there is no way to bypass volatility. As a matter of fact this is what provides traders with the immense opportunity, volatility is KEY to healthy profit.

Also, if you're not cut out for risk and losses this unfortunately isn't a place for you as there are many ways to lose money. So the best thing to do is invest in educating yourself, and then gauge your risk.

This is well explainatory

Maybe for starters in crypto, they can invest in stable coins just to learn how crypto transactions work. But since it is stable coin, there's no profit form this. And then, they can move on to known crypto like btc or eth. At least, with btc/eth, you know that they will not disappear and has strong market presence. Avoid pump and dump coins, but only experienced traders can spot these pnd coins. Give it time, and the OP will learn more about crypto trading and how to avoid losses.

[verita1]

Despite its volatility, Bitcoin is a good investment option.
If you live in a country that has inflation, you could invest in Tether or in any stablecoins of the profits obtained by bitcoin.
There is an expectation of a potential bulling scenario for Bitcoin at present. So the bitcoin community is aware of it. Whoever can buy more Bitcoin will do so because this is the time.

https://www.google.com/amp/s/cointelegraph.com/news/top-traders-debate-future-of-btc-after-bitcoins-price-drops-to-86k/amp

I also think that you should know more about the crypto market and the exchange platforms that can teach you to earn additional rewards.
Binance always has contests and rewards where you can win some coins. There are also other exchange platforms that encourage users to win with these contests and this is an opportunity to learn how to invest in cryptocurrencies.

[milewilda]

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.

So your talking about stable coins then its your choice because profitability scale level or aspect will always vary on the volatileness or movement of such coins and thats the perfect recipe on making money.
For those people who dont like the risky side of things then they do stick into those stable ones which i dont really see the point on why theyre here on crypto if they can just simply engage theirselves with
stocks and forex etc. Losing funds is just always been part of the game and if you cant bare it out then better skip out and do nothing at all.It would be good if you do just stick with those traditional
investments that i had said earlier.Somehow, dealing with a very volatile coin will have corresponding cons but if you can deal with it then its your choice.Trading out a market without even barely some movement
is just boring as hell.

[gmaxwell]

If you want to own Bitcoin (for its multitude of benefits) but are worried about taking on extreme losses,  you can buy put options to insure your bitcoin.

So for example:

Right now you can buy 1 BTC for $10708 and stash it safely in a secure wallet.  You could also buy 1 BTC worth of 12/18/2020 (roughly 3 months out) $7500 strike BTC puts for $278 on LedgerX.

If three months from now the BTC price holds steady or goes up, then your puts will expire worthless-- like when you pay for insurance on your house and it doesn't burn down. Then you buy new puts, dated 3 months out.  So you'd end up paying around thousand bucks a year or whatever for that level of crash protection.

If the BTC price crashes to $7500 or below then on the expiration date, you execute the put and get $7500 for your *whatever the current price is*.  So if the price drops to $5000.  You execute, you get $7500. If you wanted you could buy back the bitcoin and get 1.5 BTC.

If you get tired of holding the insurance -- perhaps you sell your bitcoin or feel less concerned,  you can sell your put contract for whatever its worth at the time.  (potentially more than you paid for it if BTC went down enough-- less if it went up or stayed stable).

You can pick the strikes and dates you want to adjust your risk tolerance vs what you're willing to pay for insurance.

Right now, 12/18/2020 puts at $5k are available at $148/btc,  7.5k at $278/btc, and 10k at $1200/btc on LedgerX.  Perhaps they'd trade at better prices if you left a standing ask.   LedgerX contracts trade in 1/100th of a Bitcoin increment.   If in the future bitcoin is less volatile it'll cost less to protect your position this way,  if it becomes more volatile it'll cost more.

If this makes sense for you depends on your particular finances and risk tolerance.  If you're assuming Bitcoin is going to go way up then you could imagine buying this protection is just throwing money away-- but if the fear of losing money is keeping you from owning Bitcoin at all, then the cost of hedging it may itself be a very good decision even if the prices do go up a lot.

Of course, doing this exposes you to some risk in using a centralized platform e.g. they could get goxed... but w/ this strategy you only have the put you bought there-- your Bitcoin can be safely stored privately, in your own possession, offline.

Personally, I'd take the other side of these sorts of trades because I'm not worried about Bitcoin volatility. But everyone's situation is different and I think it's completely reasonable for people to buy low-strike puts for hedging purposes.  Shuffling around risk to parties that are more tolerant is a natural economic win/win.

[mikeauerbach]

Volatility isn't about loosing your funds, it also gives you chances to get profit. Anyway, volatile coins are associated with higher risks. You should consider what do you invest for? If you are seeking for stability, take a glance at stablecoins pegged to precious metals.

[Hallmader]

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.

Then you are not investing. If you want to invest, then you need to realize that there is such a thing as 'the higher the risk the higher the return.' It does not happen with Tether or Gemini USD because those two are stable coins. Literally, their value is stable which is pegged on the USD. So nothing will happen with your investment in those two coins. It is not even investment. The value of those two coins are equivalent to fiat. They are like fiat also.

With BTC, the price is volatile that is why there is a potential profit. There is no profit if there is no rise and fall of prices.

[Bitcoinenthusiasts23]

Investing in usdt? That's like converting pounds to dollars hoping you'll get a profit.
Unless you lend usdt, your not gonna make money on that (Binance has 6-8% apr on usdt fyi)
Note that the more volatile the market, the more you can make money out of it. No asset can give you a return unless it's volatility is more than 0

[gmaxwell]

Investing in usdt? That's like converting pounds to dollars hoping you'll get a profit.

Worse, it's like putting dollars in shady sal's back alley bank and getting credited SalDollars in return, which can at most be redeemed 1:1 for real dollars, -- if you can track down Sal and convince him to do the redemption.

Foreign exchange could make you money or at least hedge a liability...  tokenized USD?  That's just fiat with extra risks. To the extent that there is any use for it at all, if you had a use you'd know it and wouldn't be asking about it here.