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

[mdzahed134]

Absolutely yes because stable coin are  good way to save your money these coins can't down there price but save your money in trusted coins like usdt , busd , usdc ect that all are very trusted project they cannot down and they are very useful and these coins are uses all the world and the its all very beneficial because any time you easily buy and sell these coins .

Stable coin will play a significant role when the market will go bearish, especially to reduce your loss it's very helpful undoubtedly. But i think it has also some disadvantages as like i don’t recommended centralized coins such USDT & BUSD, at any time your assets can be frozen but i believe hardly BUSD, because it’s backed by the number crypto exchange Binance.

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[bocyaj]

Do you inverse in the gold to secure your money or not.Likewise you should find the stable coin.Then inverse your money for the long run.Many people say Ethereum will not increase back above 1500 dollars.But for all that criticism,the Ethereum was back to the form.People who holding for a long will get huge amount of coins from the investments.Many people had their own way of holding in different coins.Most of the trusted coins was in pump and proving themselves.

[Lizzylove1]

Stablecoins help one to stay over above market when the market is crashng. Some stablecoins area death trap should they depegged. We saw that deppeging happened with UST.

[fzkto]

because in crypto there is no 100% security guarantee even if it's a stabilkoin. because some popular coins have experienced very severe and almost unresolved problems like UST.
all cryptos have a high risk if you continue to keep money in crypto even though it is on a stablecoin it will definitely be more risky.
but it all goes back to each investor how to manage the crypto assets he has as long-term assets that have less risk

There are many list of stable coins but only the best are USDT and BUSD, although can't predict it because it's still risky to hold long term but at some point we have to keep USDT to avoid bear market, so even though it's top stable coin but we just check every update and will convert to top coin if stable coin has problem.

You are right about the convenience of having stablecoins to buy cryptocurrencies in case of a fall, but still in case of a bad scenario you will not have time to use USDT or BUSD because they have a locking mechanism. If something goes wrong, all holders will be left with blocked funds, which is the main risk of stablecoins.

We always have to think about the worst-case scenario to protect our capital. As @fzkto said you can't do anything in any lock state. Instead, I can make a suggestion. If you are someone who advances with the logic of hodl, you may not keep your money in stable coins. When you buy, you can put money in the stock market. But if you want to be ready at all times, there is no such thing as a 100% guarantee. We all take that risk. That's why I support the legalization of stablecoins. At least we can feel safer.

It seems to me that there will be no legalisation of stablecoins, because all these coins are surrogates for the dollar, and the Federal Reserve will not allow legal status for nothing. But what is a big surprise to me is that there is also no stablecoins ban going on. That is, these coins exist as a delayed-action bomb. When cbdc starts appearing in earnest, the era of stablecoins will instantly end.

[mich]

I have a small amount of Tether and USD coin my portfolio of stable coins. I’m confident they are a good hold but I don’t have a significant amount.
In my view, BTC is main hold and I’m In it for the long game. I think BTC has the best chance of not being affected by the continued inflation.
Our world economy is headed for some rocky times from the overspending and with the uncertainty, I think stable coins are really interesting but I see many the large corporate investors steering clear of risk and that is slowing their adoption.

[ilovealtcoins]

because in crypto there is no 100% security guarantee even if it's a stabilkoin. because some popular coins have experienced very severe and almost unresolved problems like UST.
all cryptos have a high risk if you continue to keep money in crypto even though it is on a stablecoin it will definitely be more risky.
but it all goes back to each investor how to manage the crypto assets he has as long-term assets that have less risk

There are many list of stable coins but only the best are USDT and BUSD, although can't predict it because it's still risky to hold long term but at some point we have to keep USDT to avoid bear market, so even though it's top stable coin but we just check every update and will convert to top coin if stable coin has problem.

You are right about the convenience of having stablecoins to buy cryptocurrencies in case of a fall, but still in case of a bad scenario you will not have time to use USDT or BUSD because they have a locking mechanism. If something goes wrong, all holders will be left with blocked funds, which is the main risk of stablecoins.

We always have to think about the worst-case scenario to protect our capital. As @fzkto said you can't do anything in any lock state. Instead, I can make a suggestion. If you are someone who advances with the logic of hodl, you may not keep your money in stable coins. When you buy, you can put money in the stock market. But if you want to be ready at all times, there is no such thing as a 100% guarantee. We all take that risk. That's why I support the legalization of stablecoins. At least we can feel safer.

It seems to me that there will be no legalisation of stablecoins, because all these coins are surrogates for the dollar, and the Federal Reserve will not allow legal status for nothing. But what is a big surprise to me is that there is also no stablecoins ban going on. That is, these coins exist as a delayed-action bomb. When cbdc starts appearing in earnest, the era of stablecoins will instantly end.

What if exchanges don't list CBDCs? and CBDCs are no different from each country's fiat, which means we have hundreds of fiat-like CBDCs so it's impossible to list them all. Stable coin is still the better solution.

[Trouvaille]

After what happened recently with UST & LUNA I would not put much faith in stablecoins. US Gov are desperate for Tether to fail too, I wouldn’t be surprised to see them try anything to take Tether down. For this reason I think keeping funds in stablecoins for any longer than necessary is negligent.

Yes, it is true that it is not advisable to store funds with Stabelcoins in the long term even though the average stablecoin is pegged to US fiat currencies, basically the existence of stablecoins aims to protect investors' funds when cryptocurrency prices experience high volatility such as during a bear market so to deal with this then usually their investors will choose to secure their assets to stablecoins for a while while waiting for the market to recover.

With the risk that any cryptocurrency could suddenly collapse, owning a stablecoin does not guarantee that your money is completely safe. Stablecoins are not suitable for investment and long-term holding. They are suitable for trading and profit from trading when the market fluctuates.
If you want to invest and hold for the long term, I think Bitcoin will add to your portfolio and be the best and profitable option.

[SirLancelot]

I have a small amount of Tether and USD coin my portfolio of stable coins. I’m confident they are a good hold but I don’t have a significant amount.
In my view, BTC is main hold and I’m In it for the long game. I think BTC has the best chance of not being affected by the continued inflation.
Our world economy is headed for some rocky times from the overspending and with the uncertainty, I think stable coins are really interesting but I see many the large corporate investors steering clear of risk and that is slowing their adoption.

I think stablecoins is no different to fiat money but they are only digital. Yes, they are stable but again like a fiat money, their value can depreciate over time but maybe you already know this fact and that is why you only allocate most of your funds in bitcoin and other decentralized cryptos.

It is said that btc is a hedge to inflation but maybe it's not official because we can see that btc is still going down and seems badly affected whenever the rates of inflation are rising, more that we are now in a recession but the only good thing about btc is that it can recover. As long as we don't panic and think negatively, we won't possibly lose our money and we can earn something after some time.

[omone1]

With the recent happenings in the market, don't keep all your physical cash or savings that need to be use in running day to day and long term activities on stable coins. Stable coins are subject to audit. UST depegged, USDD is struggling to keep it peg. I am currently on BUSD, USDC, USDT. I hold these ones on TRC20, BEP20, optimism chains. I didn't hold on ERC20 mainnet because of gas price.

[Kiresiura]

Stablecoins are not completely safe, and they also have certain risks. Stablecoins are also not suitable for long-term holding. Its price hardly changes and cannot bring any profit.
But stablecoins can play the biggest role in protecting crypto assets from volatility. It can help traders and investors to make profits in bear market. Stablecoins can be used to buy other cryptocurrencies for profit when the market price falls.

[awik p]

I have a small amount of Tether and USD coin my portfolio of stable coins. I’m confident they are a good hold but I don’t have a significant amount.
In my view, BTC is main hold and I’m In it for the long game. I think BTC has the best chance of not being affected by the continued inflation.
Our world economy is headed for some rocky times from the overspending and with the uncertainty, I think stable coins are really interesting but I see many the large corporate investors steering clear of risk and that is slowing their adoption.

I think stablecoins is no different to fiat money but they are only digital. Yes, they are stable but again like a fiat money, their value can depreciate over time but maybe you already know this fact and that is why you only allocate most of your funds in bitcoin and other decentralized cryptos.

It is said that btc is a hedge to inflation but maybe it's not official because we can see that btc is still going down and seems badly affected whenever the rates of inflation are rising, more that we are now in a recession but the only good thing about btc is that it can recover. As long as we don't panic and think negatively, we won't possibly lose our money and we can earn something after some time.

Stable coins are not good for investing, because until later they will remain the same in value, they will even decrease due to inflation. but when a bearish season like this time makes the coin stable it would be better to prepare to buy at a good price according to personal analysis. bitcoin is indeed widely said to be a solution to inflation, but there is still much to be considered if it is made into currency, maybe later when technological developments support this it can be realized

[Blawpaw]

Stablecoins are only good to use for trading. No good to hold.
We all saw with UST, so basically stable coins are very risky business as they can also be dumped and its price flushed down. Even though many stablecoins claim to be pegged to the dollar itself, the amount locked to back the number in stablecoin can only go as much. So, in case, I do not use stablecoins and If I need to trade I'll trade my crypto for the real dollar

[kzkazu]

Stablecoins also have risks and are not necessarily safe. Stablecoins are used to maintain prices, and they can play a big role when the crypto market falls, protecting owned assets from volatility and reducing losses. When the currency price falls, stablecoins can be used to buy at a lower price and wait for a profit.

[devil2man]

Let's say that the first choice to keep your savings safe is gold but also stablecoins backed with fiat for a certain period can be a good refuge despite the recent scandals and decreases in value (ust)

[leonair]

Do you inverse in the gold to secure your money or not.Likewise you should find the stable coin.Then inverse your money for the long run.Many people say Ethereum will not increase back above 1500 dollars.But for all that criticism,the Ethereum was back to the form.People who holding for a long will get huge amount of coins from the investments.Many people had their own way of holding in different coins.Most of the trusted coins was in pump and proving themselves.

Trusted coins like Ethereum Bitcoin are definitely able to give profit.  Maybe it will have to wait more or less.But if you take a risk then you may have to sell it at a loss as per the current price of the time.  In that case you will face loss but if you hold stable coin then in that case you will get that actual price anytime to sell. In this case you will not have any kind of loss or profit.  But there is some chance of profit if the dollar appreciates against your country's currency.  Meanwhile, stablecoins are definitely a key to keeping your money safe

[Riodarvg]

Stablecoins are not suitable for long-term holding, it is not suitable as a long-term solution to protect capital and make profits. But holding stable coins can help many people fix profits in a bear market. When the market is down or prices tend to fall, choosing stable coins can be used to preserve value.

[Thuy Anh]

You can choose to invest in Bitcoin. Bitcoin can be a long-term investment. Many stablecoins do not rise or fall very much in the short term, but if you persist in holding them for a year or two, you may gain something. However, choosing a stable currency also requires various investigations. After you invest, you must always observe the market, because the stable currency you invest in may also fall to death.

[MFahad]

Yes it is. You can trade them on decentralized exchanges. You can stake them some places for small percentages. You can pair them with other coins in liquidity pools and/or farm for larger percentages but it’s riskier

[Jody.Drummer]

I personally hold stablecoins as long as I need to, in the sense that I only own stablecoins when I'm looking for a coin I want to hold and usually not for long. This is a way to secure assets for a while before we invest in any crypto assets. Stablecoins are not completely safe, and also when holding these coins for a long time, I think it's not so profitable, because we can't take profits like we hold other coins like BNB or Ethereum for example. Stablecoins are better suited to be held temporarily, not for the long term.

[$crypto$]

Stablecoins are not suitable for long-term holding, it is not suitable as a long-term solution to protect capital and make profits. But holding stable coins can help many people fix profits in a bear market. When the market is down or prices tend to fall, choosing stable coins can be used to preserve value.

It is more appropriate to secure assets when bearish occurs. This is usually for those who are afraid to trade with an uncertain market value, so they prefer stable coins to keep the value from dropping.
Because stablecoins will never provide any profit except risking it with a small percentage, but for me that's little to gain compared to choosing another coin that has the potential to go up.
Basically stablecoins for them to buy lower or wait for the right price and buy with stablecoins.