Topic: Are stablecoins a definite solution against a bear market? - page 5. (Read 1344 times)
Stable coins are good if you like trading. If there are bad days for trading or want to go on vacations and won't do trading for some time, you can put your funds in stable coins and have a peace of mind that it won't crash while you are sleeping or going to the beach.
Eventually CBDCs will replace stable coins.
Irrespective of what might happen, whoever is into crypto should know or is expected to understand the risks behind it. If stable coin is converted mainly to coins like Btc during the bear market, it might worth it, if such investor is in for long term,but those who want immediate profit might miss it.
In a dreaded bear market that's lasts a long time, do you think that stablecoins are the definite solution for preserving one's investments?
So far, there has been a few stablecoins like Tether and NuBits which have gone lower than $1 at rare occasions. For investors depending on stablecoins as safe-haven assets against a bear market, this brings some disappointment. Still, stablecoins are able to retain their value against the USD most of the times. If they remain as is, then one could simply pour money into stablecoins to protect yourself against a long-lasting bear market. If prices for cryptocurrencies on the market go even lower than usual, you can even sell your stablecoins back into crypto to get more coins for your money. But this might turn to be extremely risky in a volatile crypto market.
What are your thoughts?
Yes, I'm thinking only stablecoin can preserve your investment, because if you cash out that will make you another cost. Almost 8 stablecoin, why you think this is few to preserve your money. Who are people invest in cryptocurrency they could sell some coin but finally they can't leave cryptocurrency, this reason there has low chances to turn out extremely risky. So far, there has been a few stablecoins like Tether and NuBits which have gone lower than $1 at rare occasions. For investors depending on stablecoins as safe-haven assets against a bear market, this brings some disappointment. Still, stablecoins are able to retain their value against the USD most of the times. If they remain as is, then one could simply pour money into stablecoins to protect yourself against a long-lasting bear market. If prices for cryptocurrencies on the market go even lower than usual, you can even sell your stablecoins back into crypto to get more coins for your money. But this might turn to be extremely risky in a volatile crypto market.
What are your thoughts?
Stable coin is a way to survive in this bearish market, we can sell our coins or tokens to stable coins so it wouldnt depreciate more.
But there is other trick to not only survive but also 'fight' in this bearish market, that's "short trading"
bearish market is suitable for short trading, it can earn profit even when market goes down
But, it is not easy as spot trading, learn more how to do it.
But there is other trick to not only survive but also 'fight' in this bearish market, that's "short trading"
bearish market is suitable for short trading, it can earn profit even when market goes down
But, it is not easy as spot trading, learn more how to do it.
It's not a definite solution to bear. It's just a safe haven to me. And whenever I wanted my coins to be safe, I switch to stable coins. It's just a precautionary measures for you not to lose much during bear. It couldn't possibly get your holdings high since it's bear.
When i want my coins save its triple backup password protected (paper) steelwallet. Each there own.In the long run stablecoins are a guaranteed value loss, noone can save or retire on stablecoins.
Stable coins are a good tool to limit loss for a trader and they are a solution against both bull and bear market. Large fluctuation of price of bitcoin in any direction would increase the volume of Stablecoin trading. This also helps maintain the price of bitcoin less volatile.
It's not a definite solution to bear. It's just a safe haven to me. And whenever I wanted my coins to be safe, I switch to stable coins. It's just a precautionary measures for you not to lose much during bear. It couldn't possibly get your holdings high since it's bear.
Yes, stablecoins like USDT will help you to be safe and stable in the bear market just like it is now. You will not need to worry when the price of BTC and altcoin collapses and are always ready to buy BTC and altcoin at the best price possible. I myself have been holding stablecoins since October until now, it is not the time to shop in this bear market.
My current view is that stablecoins are doing better against the bear market. This scary bear market has lasted so long. We have to find a solution against it like stablecoins.
Stablecoins are a good solution against the bear market. It is a definite solution to preserve one's investments.
I don't agree. Stablecoins can be created out of thin air and we all know that the most popular stablecoin tether lied about being pegged 1:1 to the dollar. This means that stablecoins can start fake pumps by increasing the supply of a stablecoin and then buying real coins with it. they can do more harm than good for the crypto space.
Stablecoins are a good solution against the bear market. It is a definite solution to preserve one's investments.
I don't think so, no. Bear market is quite a good spot for investors to buy loads of crypto for it to stock, considering the fact that halving will happen next year, and we are close to it. Anyway, for practical use of it you can store your holdings into stable coins when you knew, or just see that market is not in good shape, and will go down sooner or later, otherwise it is not.
Obviously a stable coin will be very useful and is used by many people to protect the value of assets in a market situation like this, if the exchange does not have to turn into fiat then a stable coin is an alternative to seek protection from a market decline
somehow i just think that a right solution for bear market.
for sure , just see when bitcoin drop suddenly to range 7000 , on that time usdt dialy trade is totaly huge .
i just speculating more people saving their value to USDT on that time.
but so far some people have indeed used the USDT to hold funds when the market is not profitable, and re-invest again when there are opportunities that can be profitable. so this is not just speculation but does occur in market conditions when it goes downfor sure , just see when bitcoin drop suddenly to range 7000 , on that time usdt dialy trade is totaly huge .
i just speculating more people saving their value to USDT on that time.
yes , in this cases , mostly people will do like i say , but on another , they buy altcoins who strong agaisn't bear market , such as chainlink , btw , i dunno why this coins have a strong demand when bear come . when u see bear come, u must see how chainlink graph going.
somehow i just think that a right solution for bear market.
for sure , just see when bitcoin drop suddenly to range 7000 , on that time usdt dialy trade is totaly huge .
i just speculating more people saving their value to USDT on that time.
but so far some people have indeed used the USDT to hold funds when the market is not profitable, and re-invest again when there are opportunities that can be profitable. so this is not just speculation but does occur in market conditions when it goes downfor sure , just see when bitcoin drop suddenly to range 7000 , on that time usdt dialy trade is totaly huge .
i just speculating more people saving their value to USDT on that time.
yes , in this cases , mostly people will do like i say , but on another , they buy altcoins who strong agaisn't bear market , such as chainlink , btw , i dunno why this coins have a strong demand when bear come . when u see bear come, u must see how chainlink graph going.
I don't think that's the best way, because if the coins are stable, then what will happen to the market? even though the market capitalization is high and the trading volume is high, the name of a stable coin is sure to be stable. in my opinion the solution to all this is to increase the volume of the bitcoin and altcoin markets so that they can really pump up.
somehow i just think that a right solution for bear market.
for sure , just see when bitcoin drop suddenly to range 7000 , on that time usdt dialy trade is totaly huge .
i just speculating more people saving their value to USDT on that time.
but so far some people have indeed used the USDT to hold funds when the market is not profitable, and re-invest again when there are opportunities that can be profitable. so this is not just speculation but does occur in market conditions when it goes down for sure , just see when bitcoin drop suddenly to range 7000 , on that time usdt dialy trade is totaly huge .
i just speculating more people saving their value to USDT on that time.
Traders are the only ones that finds stable coin very useful, you can switch from your coins or tokens to stablecoin to avoid more loss and later buy back the tokens if price continue to drop, meaning you will have more coins at your disposal
Somehow, somewhat, stable coins might be a definite solution only for those people who do not want to take part of the sudden turn down on the prices of the coins within the market. It will be a great choice or option for the people who want to play safe and secure their investments with stable coins. But since we are mostly or let us just say all of us are risk takers, getting into a stable coin might be our last resort because up to this moment of time we are still into supporting Bitcoin and Altcoins despite of the mark up and downs happening in terms of the value and prices they show which mostly discourages us all. But still we are into believing into these coins so getting into a stable coin is just an option for us specially for traders and investors.
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