Help a newbie choose a better stable coin

[Cuda911]

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

[Dunamisx]

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

Why stable coin for a start, it is advisable to start your crypto investment with bitcoin first

[The Cryptovator]

Both are centralized, why not DAI? As far as I know, DAI is a truly decentralized stable coin. USDT is a controversial cryptocurrency and BUSD is Binance stable coin. They could freeze/block your funds for any reason. For DAI it wouldn't happen. Some stable coins would freeze even on your own wallet, you may read this thread Most Stablecoins Can Be Frozen, Even in Your Own Wallets.

By the way, don't hold your fund to a centralized exchange or wallet. Use non-custodial wallet software or hardware wallet. Otherwise, exchange would make trouble themselves at any time.

[Asiska02]

It is a very good idea to start with a stable coin first. Starting with bitcoin can have a disadvantage when the market dumps. I advise you start with a stable coin for now, it’ll be more safer.

[Pokapoka124]

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

You do know what stable coins are, right? I don't see stable coins as an investment. Usually, people buy stable coins just cause they prefer saving their money in crypto and like the "being their own bank" concept. Another reason people buy stable coins is simply because they are "stable" and not volatile like Bitcoin and altcoins. Traders on the other hand see stable coins as a money making tool one can easily use it to buy any crypto you wish in a dip.
I feel more safe with decentralized stable coins. BUSD is regulated, to me it's like purchasing CBDC. USDT on the other hand has not been transparent about their  backings. See my post here Is there really a Tether guarantee?

[ijeb]

I think you can easily trust both of them. USDT have mostly solved those previous problems and BUSD did not had any until now.
I'm using USDT since I was involved in crypto with no issues.

[Yogee]

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

Why stable coin for a start, it is advisable to start your crypto investment with bitcoin first

You don't get it. He's simply preparing his funds so he could buy btc or any altcoins when the market dips again.

To Cuda111, you can keep it as fiat since it's not that difficult to convert them to stable coins or other crypto. You'll also have a lot of time to do so if we're really talking about a bear market and not just temporary market corrections.

[cryptoperkele]

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

I would go with USDT. Because if that goes down, i am pretty sure everything else collapses as well from the share volume of crypto exit panic that it would trigger. If you don't trust USDT being stable at this point, you probably should avoid the whole crypto, because ton of things are relying on it.

[ultrloa]

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

Why stable coin for a start, it is advisable to start your crypto investment with bitcoin first

Stable coin is good especially when you are not sure about what position you are taking on and its good that your balance is on that coin since you can sleep with ease without worrying if the market collapsed when you are away.

I prefer to have USDT and next is BUSD but both of them is good option already since we can assure that they are the most reliable one compare to other who claim to be stable one.

[Natalim]

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

BUSD is usually I used in trading and is the best option to hold during a bear market. In most exchanges, this is even still accepted and listed. I'm doing this for many years and experienced no problem using it as the price never changed. But is some suggestions from experts, it was the best idea to split your funds into BUSD and USDT.

Well, talking about worries? No, you don't need it as these stable coins are safe and less moving. Even holding for 10 years is guaranteed safe, unless if you are careless with your account. 

[DoublerHunter]

It is a very good idea to start with a stable coin first. Starting with bitcoin can have a disadvantage when the market dumps. I advise you start with a stable coin for now, it’ll be more safer.

^ I disagree with your advice, that is not a good start either. A stable coin is good for diversifying assets that are highly volatile, if you feel that there is a bearish trend upcoming, you can diversify your BTC for example to the stable coin that you have chosen. The price will not increase with the stable coin, it will always have the same value. Just go to the high volatile coin that surely will give you a benefit when there is a bullish trend come.
A truly decentralized coin is very safe to invest in, DAI for a stable coin and BTC for a high volatile coin.

[batang_bitcoin]

Dai because it's decentralized.
If you want to maximize your use of Binance exchange then that's BUSD becaus AFAIK, there's no or lesser trading fees if you have it or trading it.
USDT still has the highest volume but many are worried that it is centralized, the same as BUSD so what they are capable to do with your assets, the other centralized stable coins are also capable of doing that too.

[TimeTeller]

Dai because it's decentralized.
If you want to maximize your use of Binance exchange then that's BUSD becaus AFAIK, there's no or lesser trading fees if you have it or trading it.
USDT still has the highest volume but many are worried that it is centralized, the same as BUSD so what they are capable to do with your assets, the other centralized stable coins are also capable of doing that too.

The OP needs to understand that USDT and BUSD are centralized.
So in any case, a decentralized stablecoin like DAI is better if you want to avoid like freezing of assets.
Besides, USDT had a history of not 100% backed by USD assets, though up until now, we don't know the truth about it.
But there's advantage of holding BUSD under binance platform, because he can earn interest if he will put it into savings.
The OP should weigh his priorities and what are his goals for holding a stablecoin.

[asriloni]

USDT and BUSD. I have been holding majority of my assets in USDT and BUSD. You must not feel worry about that. I'm always leaving my asset in the centralized exchange site with good reputation and so far so good. I prefer BUSD but USDT was good enough for that. USDT accepted by all exchange sites and BUSD may not be familiar with USDT.
You must also see that through CMC as well. Both were good. You can pick one of them randomly.

[kurniawan05]

Both are centralized, why not DAI? As far as I know, DAI is a truly decentralized stable coin. USDT is a controversial cryptocurrency and BUSD is Binance stable coin. They could freeze/block your funds for any reason. For DAI it wouldn't happen. Some stable coins would freeze even on your own wallet, you may read this thread Most Stablecoins Can Be Frozen, Even in Your Own Wallets.

By the way, don't hold your fund to a centralized exchange or wallet. Use non-custodial wallet software or hardware wallet. Otherwise, exchange would make trouble themselves at any time.

I usually use usdt or busd to maintain the value of my assets, but I just found out that busd and usdt are centralized and these two assets can be frozen at any time, I will try to look at DAI as a stable alternative to coins, thanks for the info.

[poodle63]

BUSD. This backed by the biggest exchange site in the world and you must also remember that if BUSD regularly audited and this has enough money to backed all of BUSD issued by binance exchange site.
I think that you can pick this as the best choice. This is a bit better compared with another stable token like USDT
We do know that if USDT was also trusted stable token but this has no enough reserved funds to backed i

[gabbie2010]

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

I had been using USDT for quite some times now so far there is no issue with that stable coin, I imploy you to give it a trial you won't be disappointed, or a trial will convince you, I trade with Binance for quite some times now and the exchange has both BUSD and USDT as their major and borrowable asset if you want to trade or after a trade a trade you can easily revert back to USDT and wait for the next trading opportunity above all you should be assured of security of your assets.

[asyakashi]

USDT and BUSD I think are the same, but where you put your assets is something that is really careful because of the many hacker attacks.
But, if I suggest it's better to keep USDT if you trade to many markets or other than Binance,
If you only use Binance BUSD it's better because they usually have low fees or even free transactions using BUSD.
Keep your assets safe, if you can use a hardware wallet, no need to worry about the price they are stable reliable coins.

[accounting 181293]

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

DAI if you want a truly decentralized stablecoin. but if you don't care about all that, you can use Tether(USDT). I also use USDT and have no problem with that. but basically BUSD, USDT, DAI and other stablecoins are the same. so you are free to choose which one you want to use.

[Fundamentals Of]

USDT is the most popular stablecoin but it is also the most controversial. There are so many issues surrounding USDT for years. Not least of which is the fact that they could freeze your USDT. So that's not recommended. The same is true with BUSD. That's nothing but Binance's way of imitating USDT. They created their own stablecoin using their own chain. I think BUSD is also not recommended. I'd rather use USDC. They're more transparent with their reserves.