bitcoin are good and not USDT what else?

[cryptoboss2020]

what else?
if btc are good and nobody cant take it from you by freezing your balance but the problem is btc are volatility.

so my conclusion: banks and bitcoins are good and best? banks are best becouse you can hold your stable fiat currency safe there

[1715196923]

1715196923

[1715196923]

1715196923

[Charles-Tim]

I did not get your point. Did you mean saving USDt in bank? Or holding dollar?

Just know that dollar will still in one way or the other be subjected to fiat devaluation/depreciation by the central body (US government). That will be the reason I will not also make use of USDt or any other stable coin because their prices assumes the price of US dollar.

Unlike bitcoin which is a deflationary currerency. When its price surpass all time high will be when you will realize. Bitcoin price will increase and decrease, but over long time period bitcoin price will have a net increase because it is just a deflationary money that is not subjected to central control and only 21 million will be in total circulation.

[cryptoboss2020]

I did not get your point. Did you mean saving USDt in bank? Or holding dollar?

Just know that dollar will still in one way or the other be subjected to fiat devaluation/depreciation by the central body (US government). That will be the reason I will not also make use of USDt or any other stable coin because their prices assumes the price of US dollar.

Unlike bitcoin which is a deflationary currerency. When its price surpass all time high will be when you will realize. Bitcoin price will increase and decrease, but over long time period bitcoin price will have a net increase because it is just a deflationary money that is not subjected to central control and only 21 million will be in total circulation.

i meand bank is best place to hold your money not stable coins as they can be frozen and bitcoin are volatile today 17 tomrow 19 k...

so banks are the winners here

[jackg]

i meand bank is best place to hold your money not stable coins as they can be frozen and bitcoin are volatile today 17 tomrow 19 k...

so banks are the winners here

If you're after a return banks aren't great...

If you put $20 in your average bank for 5 years you'll probably have $20 or close to it. If you invest it in btc or a stock you might and probably will get more. Even just using a simple algo against selecting a stock....

[DooMAD]

I did not get your point. Did you mean saving USDt in bank? Or holding dollar?

It's difficult to keep up with the OP, since each and every new brainfart seems to result in yet another barely comprehensible topic.  They started this thread where they suggested stablecoins could be a "plan B", but now realises they're pretty terrible after some more experienced users put them straight.

If you're after a return banks aren't great...

And if the global economy continues to worsen, negative interest rates may become common and you won't see a return at all.  You'll have to pay money just to keep your account open.

[pixie85]

What's the point in keeping coins on a bank account? This would be counterproductive.

Sure, nobody else apart from the bank can't take your money but the important question is: is there anyone who can?

The bank itself and the government can take your money from a bank account. A bailiff can take your money. A judge can order your money to be taken. The police can take your money.
If that's what you want then be it but I prefer my bitcoins.

[mrjohanr]

Banks are not better against volatility, the world changes every moment, so we must adapt and not stay stagnant.

[markcolls]

what else?
if btc are good and nobody cant take it from you by freezing your balance but the problem is btc are volatility.

so my conclusion: banks and bitcoins are good and best? banks are best becouse you can hold your stable fiat currency safe there

Are you familiar with Dai? Dai is third biggest stablecoin by marketcap and unlike USDT or USDC, it cannot be frozen.

[bL4nkcode]

So being a volatile asset is bad and stable fiat is good coz they can't be frozen while usdt and other stable coin can? So that's all your reasoning?

Well, that's for you, its good to save money, you can save fiat to banks for how many years but don't expect an + interest, you might get a negative interest instead and prone to getting devalued due inflation. And don't think fiat can't be frozen coz anyone in the government can.

While we, and some other guys here loves volatility, it's one of the living of some here being a day trader.
Having bitcoin instead of fiat in banks is called freedom, control over your own money instead of putting it to someone else just because you're incompetent of holding them.

[maxreish]

Well, its a vague question, OP.

But the way I understand it, stable fiat currency should be put in bank for safety? Have you forgot that we have "crypto exchanges/wallets" that are our bankd for saving and holding crypto coins? Whether it is bitcoin, or usdt.

And what is the problem if we freeze our bitcoin and it is volatile? That volatility makes it more special, give  us more opportunity to make some profit. There's always an option to "hold" if volatile market as sideways or dump market is your problem.

[mk4]

i meand bank is best place to hold your money not stable coins as they can be frozen and bitcoin are volatile today 17 tomrow 19 k...

so banks are the winners here

While it might be safer to just hold USD in banks instead of holding stablecoins, don't forget that your money in your bank can also be frozen. So yea, besides the volatility risk, holding bitcoin is safest in terms of unconfiscatability.

[zeingrind777]

Saving money in the bank is not profitable. Bitcoin has the volatility to earn faster profits. If I keep $ 100 in the bank, I will lose because there will be a deduction in my monthly fees. Conversely, if I save money in Bitcoin, I can benefit from the volatility in the value of bitcoins.

[pooya87]

If you are just concerned about your money being frozen, the banks can do that too. They have been freezing bank accounts for no reason for as long as they have existed, even more today. And you can't really compare fiat with stable coins. Any fiat is completely legitimate and will never be able to be shut down in a blinking of an eye, the country has to vanish for their currency to vanish too. But a stable coin can easily vanish if the company owning and issuing it vanishes or were shut down for any reason like money laundering. That's the biggest risk with centralized altcoins such as USDT.

[sunsilk]

There is no point with what you're trying to bring for this topic you're up to. The purpose of using the banking services depends the likes of you. If you can use them and you're happy with that, it's all up to you if you grade them best or good.

Bitcoin serves a lot of uses. As store of value, currency/payment if you want to. And volatility isn't actually a problem because it is attached to bitcoin. If you're not confident with the volatility of bitcoin then you are good to hold it on a stable coin that's decentralized or a bank.

[mbe48]

Are your statements more about security comparisons? In my opinion, Bitcoin is a kind of digital asset that has a function, one of which is for investment. Meanwhile, the Bank also has the same function. But it is true, Bitcoin has a significant fluctuating price which makes Bitcoin very risky. But even so, for long-term investments, bitcoin benefits more.

[BrewMaster]

But it is true, Bitcoin has a significant fluctuating price which makes Bitcoin very risky.

having a volatile price makes bitcoin a risky short term investment not a risky currency which bitcoin is. so you can't call bitcoin risky here.

But even so, for long-term investments, bitcoin benefits more.

bitcoin is not about profit though specially if it is being compared with the banking system. it is about being decentralized and lacking any corruptible authority in control of your money.

[isaac_clarke22]

It is not my money if it is handled by another authority.
I avoid banks as much as possible, that is why I do not use credit/debit cards nor have any plans in getting them anyway.

I believe banks freeze their people's money too, OP just like how you point out that USDT can be frozen as well.

[Anonylz]

what else?
if btc are good and nobody cant take it from you by freezing your balance but the problem is btc are volatility.

so my conclusion: banks and bitcoins are good and best? banks are best becouse you can hold your stable fiat currency safe there

Since you already figure it out then why bother to post it! to enlighten us perhaps, thanks for the heads up, will give it a serious consideration  

On a more serious note, banks and btc are both equally important and good for your finanacial wellbeing, i would say they work hand in hand, banks plays an important role in your investment process, btc plays a different role in helping you to grow your investment. Keep both of them close if you are the type who uses bank 

[Mamun74]

what else?
if btc are good and nobody cant take it from you by freezing your balance but the problem is btc are volatility.

so my conclusion: banks and bitcoins are good and best? banks are best becouse you can hold your stable fiat currency safe there

If you have BTC then you exchange Or convert BTC to USDT.Coz USDT coin is stable. Bitcoin price up and down everytime.So i think you can hold usdt.

[wxxyrqa]

It is not my money if it is handled by another authority.
I avoid banks as much as possible, that is why I do not use credit/debit cards nor have any plans in getting them anyway.

I believe banks freeze their people's money too, OP just like how you point out that USDT can be frozen as well.

Living in the current conditions in a civilized country, one way or another we are faced with the fact that we have to use paper money. And there is no difference, fiat money in paper form or in a bank account. From utilities to groceries, people still pay for it with fiat money, because these organizations and stores do not accept cryptocurrency. Of course, somewhere else the same cryptocurrency is used, but these are isolated cases. But if we talk about the safety of my savings, then in any case, like you, I choose the blockchain.