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Topic: Are stablecoins a definite solution against a bear market? - page 8. (Read 1330 times)

sr. member
Activity: 400
Merit: 268
Even when Stablecoins go below $1, that doesn't last for long as it adjusts soon afterwards, it usually happens when there is a sudden dip in the market, and sometimes the price is also above $1 as well, could happen during a pump or dip but the most important thing is that this is usually very temporary, so Stablecoins are a store of value when you want to maintain the $$ value of the coins you hold, like me and my friends usually say, when we don't want the blue of any coin we hold to chnage, we just tether them or set stop-loss against the USDT pair in an exchange.
sr. member
Activity: 868
Merit: 267
SecureShift.io | Crypto-Exchange
What we need to know first is that cryptocurrency has very high risks and returns, so it must be prepared with all the risks involved. The market is very volatile as you can see.
Stablecoin might be an alternative but there is still a possibility stablecoin will also experience a sharp decline at any time.
If I prefer to give up some of my money specifically for investment here, whatever the risk, even if it runs out.
For us, small traders will find it difficult to change market conditions, because we basically will only follow according to what is happening in the market now.
member
Activity: 490
Merit: 17
Stablecoins are necessary when there's uncertainty surrounding the market, traders who would want to secure their funds against any sudden downturn will be safe with stablecoins.
I have been trading coins like verge, neo, xem, drop against bitcoin thinking that this is the best way to secured my fund against volatility but I finally find out that I loss more but since I started converting my bitcoin to stablecoin like usdt, usdc and pal I have been making consistent profits. Stablecoin is not only solution for bear market but the less risk way to making money from cryptocurrencies market trading.
hero member
Activity: 1302
Merit: 577
avatar and signature space for rent !!!
Stablecoin is a good method to protect you investments in a bear market in my opinion.
Really big stablecoin will come back to 1 after every big drop
Stable coins can only be good if you dont want  to earn profit from it. But if you are looking for profit you should choose altcoins,
If they can add use casses of stable coin this is good coins for  selling items since its stable.
full member
Activity: 821
Merit: 100
Volare.network
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? Huh

it can be done, and I don't think that's a bad way. Stablecoin is indeed quite reliable when the bear market. investing in stablecoin when prices are low is the right choice. and we can get bigger profits when big coins like bitcoin / ethereum go down.
sr. member
Activity: 602
Merit: 253
It might be a solution for this kinda bear market for God knows until how long will this last.
Turning to stablecoins could be a breath of fresh air for the one who wants to leave the bear market for a while without worrying too much about price decrease or things.
Since as you know stablecoins is designed to minimize the volatility of market prices. All in all, everything has its own risks, so prepared for anything.

There's also another way to survive in this bear market, which is saving your assests into fiat money. Well, at least it will save you a bit of trouble.
member
Activity: 177
Merit: 11
Stablecoin is a good method to protect you investments in a bear market in my opinion.
Really big stablecoin will come back to 1 after every big drop
sr. member
Activity: 1204
Merit: 253
Undeads.com - P2E Runner Game
I think stablecoin is suitable for storing our funds from this bad market. Because they are stable and manageable so we are safer than the risk of loss. But if for investment it is not very suitable this stablecoin if to keep from the bear market I think it is a good solution.
sr. member
Activity: 1260
Merit: 315
www.Artemis.co
Stable coin can be alternative for who really want to take rest from trading activity in bear market. Or maybe save fiat to wait lowe price if still want to trade. Any solution means something that really can be used for people no matter what it is. Keep trading, take a rest, buy stable coin, is god as long we are not lose in our investment.
Well said, in bear market stable coins is the only savior we had aside from converting crypto to fiat. converting it to stable coins are the ones we can use if we wanted to go away for a while in trading or holding crypto.
hero member
Activity: 1932
Merit: 504
Stable coin can be alternative for who really want to take rest from trading activity in bear market. Or maybe save fiat to wait lowe price if still want to trade. Any solution means something that really can be used for people no matter what it is. Keep trading, take a rest, buy stable coin, is god as long we are not lose in our investment.
legendary
Activity: 2758
Merit: 1228
Actually stable coins is little much helpful for this current event since by buying it we can assure that we will never get de-valued whatever happen to the market today or tomorrow but actually in other hand I think it's not a best solution for traders who occasionally store their capitals in their wallets since possible theirs still a risk and for this better to do a cash out with fiat which I actually doing whenever there's a chance to win on my trades.
sr. member
Activity: 1050
Merit: 256
Most of my friends, traders, secure their assets from degradation by buying stable coins. From here I understand that Stablecoin is one way to secure assets. Due to uncertain market conditions also make them take preventive steps. I personally have never even bought a stable coin, what I did was withdraw it to Fiat directly but not transferred to a bank account. So at any time I want to trade, I don't need to deposit again to a local exchange in my country. Because I just don't want to be complicated.
sr. member
Activity: 756
Merit: 251
Not really the solution. The solution against a bear market is a way to remove the bear altogether and let the bulls enter. But if it is enough that there is a certain coin in which we can leave our holdings safe and stable while the bear market is still very much present, then a stablecoin is enough. I have been using stablecoins to put my holdings in times when the market is not as bullish as I want. I do it especially if I already made a profit and the price looks falling. I pull my coins out and convert them into USDT.
full member
Activity: 2044
Merit: 109
In my opinion stable coin / token is not a solution for the bear market. Because of that level of trust and regulations that need to be improved. Because coins that are declared stable coins turn out to be unstable prices like this
full member
Activity: 1624
Merit: 163
Stablecoins serves its purpose to retain the capital of the investors. It might not be the "definite" solution for the bear market but stablecoins helps traders trade without losing much from altcoins. I'd say it's a good solution for traders and investors a like because they don't have to convert their capital into a shitty coin to avoid Bitcoin losses.
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
If I were to be anticipating an extended bear market, I'd rather just take the fees of converting my crypto to fiat money and keep that fiat money until I see market conditions improving and convert it back to cryptocurrencies later. One main advantage that stablecoins have is that they can be traded just like fiat dollars but without the string attached with trading with fiat, which is partly why so many traders use stablecoins, but you lose that when you're keeping the stablecoin for an extended period of time.

I also see most stablecoins as being slightly risky even though they might claim to be extremely safe and secure, especially Tether. I don't use Tether, I don't plan on ever using it, and I certainly won't be holding it.
jr. member
Activity: 443
Merit: 2
Theagriverse.io
Stablecoins are necessary when there's uncertainty surrounding the market, traders who would want to secure their funds against any sudden downturn will be safe with stablecoins.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
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? Huh
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