Stablecoins is a good way to keep and save money or not?

[m2017]

Stable coins are not for investment rather for saving of funds. Traders that usually convert their coins to stables coins, thus strategy have saved many of them. Like the during the dip, those whohave already convert their coins to stable coins like BUSD and USDT have escape liquidation while the ones still holding Bitcoin when it was at it's ATH and getting dump to $20k are in big loss. Stable coins have made me escape loss countless number of times. But investing in other coins like Bitcoin will pump your portfolio.

I allow stablecoins for a short period of time, but what traders do, find a "safe haven" at stablecoins during a bear market, I see as very risky. You can lose a lot in this way, even more if you just held money at bitcoin, for example. Not so long ago, those sad events happened with some stablecoins, which can easily be repeated on a large scale and big losses for the holders. I don't think stablecoins is a great way to save money at all. Moreover, almost all of them have questionable points in their business models.

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[tvplus006]

The name itself says that stablecoins won't make a profit, so you shouldn't invest and hold it. Why would you want to save into an asset with no volatility, no volatility means no return. I would recommend that you consider investing in bitcoin, the top coins will give you a better chance of making a higher return and are safer than those that are stable.

And what profit will you get when investing in bitcoin in the bear market? At such moments, you need to think about saving your balance and the best for this are stablecoins. Stablecoins will not increase your balance, but they will give you the opportunity to buy coins at the lowest price when the cryptocurrency market reaches the bottom.

[monineklutak]

The name itself says that stablecoins won't make a profit, so you shouldn't invest and hold it. Why would you want to save into an asset with no volatility, no volatility means no return. I would recommend that you consider investing in bitcoin, the top coins will give you a better chance of making a higher return and are safer than those that are stable.

And what profit will you get when investing in bitcoin in the bull market? At such moments, you need to think about saving your balance and the best for this are stablecoins. Stablecoins will not increase your balance, but they will give you the opportunity to buy coins at the lowest price when the cryptocurrency market reaches the bottom.

Well anyway it's not a good time when investing Bitcoin during a bull market,
stable coins are indeed a good choice for keeping balances and there is no doubt about that,
but indeed everyone has their own choice depending on their individual preferences

[Silberman]

What do you think about stablecoins, some scandals around them and their future? It is interesting to hear the opinion of the members of bitcointalk

I won't hold any stablecoin for longterm, I don't think its an investment coin. Most of the time I only use it to send some payment, other time just hold it on exchange when the market sideways, so I won't lose any money, and I can enter the market quickly. That's all I do with stable coin, never an investment, the value will decrease just like its Fiat and we never know if the company behind this coin actually has the asset that back up the coin.

And that is the way stable coins should be used, we must never let our money too much time in those coins because we never know what it may happen and at some point the coin could collapse and we could lose all of our money, this is what happened to UST and I do not think anyone wants to go through that experience, so stable coins should be held for a very short period of time in order to protect ourselves from the volatility of the market, but once that volatility goes down then we need to invest once again in our preferred projects.

[Wong Gendheng]

Stable coins are made to maintain prices, if we have $ 1 million stable coins then when the market goes up or drop the value of our money does not change, stable coins are very good and help to lock the assets so that they don't worry if there is a storm, this is what makes me always move the asset To the coin stable when the market sign will be red.

[rugrats]

The name itself says that stablecoins won't make a profit, so you shouldn't invest and hold it. Why would you want to save into an asset with no volatility, no volatility means no return. I would recommend that you consider investing in bitcoin, the top coins will give you a better chance of making a higher return and are safer than those that are stable.

And what profit will you get when investing in bitcoin in the bear market? At such moments, you need to think about saving your balance and the best for this are stablecoins. Stablecoins will not increase your balance, but they will give you the opportunity to buy coins at the lowest price when the cryptocurrency market reaches the bottom.

The profit I get is I can buy more bitcoins in this bear market. According to me, if you are holding stable coins to catch a dip, then in my opinion, it is not a holding or saving as the OP describes it. The temporary holding is for the purpose of catching the dip and it is not considered a long-term holding to make a profit.

[serjent05]

What do you think about stablecoins, some scandals around them and their future? It is interesting to hear the opinion of the members of bitcointalk

The name itself says that stablecoins won't make a profit, so you shouldn't invest and hold it. Why would you want to save into an asset with no volatility, no volatility means no return. I would recommend that you consider investing in bitcoin, the top coins will give you a better chance of making a higher return and are safer than those that are stable.

Well, there is a way to profit with stablecoins if we use them as transition tokens.  Meaning if we believe that a bear market is about to happen, then we can convert our token to stablecoin, preserving the value of our token then buy back when the bear market happens and the price of the token crashes.  It will be either we buy more tokens or buy the same token with an extra stablecoin in our hand.  The timing would be the main issue in this kind of strategy involving stablecoin.

[m2017]

What do you think about stablecoins, some scandals around them and their future? It is interesting to hear the opinion of the members of bitcointalk

The name itself says that stablecoins won't make a profit, so you shouldn't invest and hold it. Why would you want to save into an asset with no volatility, no volatility means no return. I would recommend that you consider investing in bitcoin, the top coins will give you a better chance of making a higher return and are safer than those that are stable.

Well, there is a way to profit with stablecoins if we use them as transition tokens.  Meaning if we believe that a bear market is about to happen, then we can convert our token to stablecoin, preserving the value of our token then buy back when the bear market happens and the price of the token crashes.  It will be either we buy more tokens or buy the same token with an extra stablecoin in our hand.  The timing would be the main issue in this kind of strategy involving stablecoin.

Failure may await a clever speculator in one of the stages of the scheme you have described. By exchanging tokens for stablecoin, it may turn out that the price of stablecoin will collapse, as it has already happened. These are direct losses. It may even turn out that stablecoin will cease to exist, which means that there are very big risks. So far, all known stablecoins are more or less holding up, but many have doubts about their stability and reliability. As a transit token, stablecoin can only be used for a short time.

[tbct_mt2]

Failure may await a clever speculator in one of the stages of the scheme you have described. By exchanging tokens for stablecoin, it may turn out that the price of stablecoin will collapse, as it has already happened. These are direct losses. It may even turn out that stablecoin will cease to exist, which means that there are very big risks. So far, all known stablecoins are more or less holding up, but many have doubts about their stability and reliability. As a transit token, stablecoin can only be used for a short time.

In theory, stable coins are safer than tokens when you need to store and maintain your portfolio value. It is true only if a stable coin you choose to store your money is strong and does not lose its peg. You are fine if it won't depeg.

To be safest, you must choose fiat currency like USD if you don't want to store your capital in tokens. To maintain value in number, I would prefer in ordinal priority like fiat currency, stable coin then cryptocurrency. With cryptocurrency, I would prefer from Bitcoin to Ethereum, BNB. Tokens are at last orders in my priority.

[$anounimus$]

What do you think about stablecoins, some scandals around them, and their future? It is interesting to hear the opinion of the members of bitcointalk

It is too early to say what their true potential is, however, we can start drawing some conclusions by looking at the numbers and so far, stablecoins seem to have a positive relationship with mainstream cryptocurrencies; this trend has room to continue developing in the months and years to come when the market correction is not yet normal.

In fact, there is a solution to all this which is to trade STABLECOIN where Personal Money will be pegged to the most stable currency – US Dollar. Will the government interfere with daily rate fluctuations in the future? but one thing, this has a better impact on investors, especially with the current market conditions which are very vulnerable to corrections that can occur at any time.

[tvplus006]

It doesn't seem to me that there's any potential of stablecoin, it's just a digital version of fiat currency, without a lot of volatility so it is not recommended to invest. if you want to keep and save then fiat is still the safe choice. If you want to invest and increase your wealth, you should invest in volatile coins like bitcoin to earn profit.

Nevertheless, there are also investors who specifically buy stablecoins in order to place them on staking, since the resulting profit exceeds the one that you can get in a traditional bank. Naturally, you need to understand that the risk of losing your money here will be higher than in a traditional bank.

[Miaallen]

Stable coins are just to stop your holding from dipping in value. Converting your holdings to stable coins prevents your cryptocurrency holdings from falling to zero in the bear market. Buy stable coins cannot be regarded as investment. No matter how long you hold it or market situation, stable coins relatively maintain their values inasmuch it is not under attack.

[rlirs]

Short term use only. Bitcoin now is the best way to keep and save after it dropped in price.

[Abiky]

There is the reality of inflation. The highest inflation rate of the last 41 years was announced in the USA. In this case, we can say that holding a stable coin is not a good idea. Also, stablecoins other than DAI have centralized structures. Holding them is very dangerous.

Exactly. With rising inflation rates, no one will want to save Fiat/stablecoins in the long run. You're better off investing that money into something that would generate value over time. Stablecoins are only a short-term solution for those who want to protect themselves against the crypto market's volatility. If you use them right, you'll be able to achieve complete peace of mind. Otherwise, it'll be game over for you.

Let me tell you that decentralized stablecoins that are collaterized (eg: DAI) are your best bet to preserve your capital without the risk of losing it all in an instant. It's been years since DAI was created, yet its peg has remained untouched. Of course, nothing is guaranteed to last forever. As long as you don't put all of your life savings into stablecoins, there should be nothing to worry about. Just my thoughts

[Grim149x]

Ithink not bro sometimes the stable coin can drop anytime thats why stable coin is not recomended to keep and save your entire money. Your money can be loss all anaytime .

[asriloni]

Ithink not bro sometimes the stable coin can drop anytime thats why stable coin is not recomended to keep and save your entire money. Your money can be loss all anaytime .

Fiat money was far better in this case rather than keeping stable token that can repeg anytime and that will be putting our money into the big risk. UST gives us a very important less once token loss its repeg and it will become a disaster caused by so many people will be dumping their stable token for the fiat money or another crypto that has stable value as well. Keeping stable token for long term to save money was not good enough

[Dr.Osh]

If you're aiming for a stable deposit of coins, I think it might be better to hold it in a completely secured conventional bank. however, you can also use it anytime, when you want to buy something. quite a lot of FUD regarding coin stability, especially what hit UST, which makes me think it's not secure enough. However, if you're just keeping it temporarily when you haven't decided what investment to choose, I think it's pretty good to keep on a stable of popular coins. However, in the long run, I don't recommend it, especially if you have a large amount of stable coins.

[LastKiss]

What do you think about stablecoins, some scandals around them and their future? It is interesting to hear the opinion of the members of bitcointalk

Well many projects now creating stablecoins we should know how stablecoins work and is it really backed by real dollars or not since there is already an incident on stablecoin that we never forget. Personally, I love to stake stablecoin since their APY is not that bad in this bear market.

[Semar Mesem]

What do you think about stablecoins, some scandals around them and their future? It is interesting to hear the opinion of the members of bitcointalk

Threats such as Luna which makes coins stable and fails because they want to increase the stock of course can happen with any other coin, coin stability is an easy way to get money rather than opening an IDO or ICO which is difficult to reach softcap, whatever happens with stable coins of course we have to always be alert and this is a good move.

[Desscount]

What do you think about stablecoins, some scandals around them and their future? It is interesting to hear the opinion of the members of bitcointalk

in my opinion there are only 2 stable coins that really have good fundamentals, after the UST incident,
of course this made many traders panic to keep stable coins, but for USDT and BUSD don't worry,
these two stable coins are very different from LUNA or UST , because USDT is USDT and BUSD is in the Binance ecosystem, so don't worry