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Topic: Buying stable coins is a goog or a bad idea? - page 4. (Read 5512 times)

member
Activity: 332
Merit: 11
in my opinion a good idea, because a stable coin for me is a fairly stable value. This stable coin is suitable for saving even long-term investments.
sr. member
Activity: 939
Merit: 256
After reading this article https://changelly.com/blog/stablecoins-an-idiom-of-stability-in-crypto-space/ I started to think about purchasing stable coins. What's your opinion about that? Is it a good or a bad idea?
I think it's a bad idea because you won't be able to get a profit when you buy it. Stablecoin just keeps you safe when the market collapses, and when you hold it you can have a chance to buy altcoin or BTC at a cheap price.
hero member
Activity: 1820
Merit: 515
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Stable coin is coin that for safe our money from market bearish, of course its meaningful and can be good idea for trader. But unstable coin can give us profit from its volatile and its good idea to growing up our balances. So, its no matter good or bad idea, we can look what its using for.
Stable coins also fell in the bearish market from their stable value so don't think they were completely safe.
full member
Activity: 644
Merit: 101
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After reading this article https://changelly.com/blog/stablecoins-an-idiom-of-stability-in-crypto-space/ I started to think about purchasing stable coins. What's your opinion about that? Is it a good or a bad idea?

stable coins are there to control the liquidity in price if you are trader and want to hedge the fluctuation in price of coins. i did not had the idea about what they truly are until i lost all in the bear market
sr. member
Activity: 645
Merit: 266
Stable coin is coin that for safe our money from market bearish, of course its meaningful and can be good idea for trader. But unstable coin can give us profit from its volatile and its good idea to growing up our balances. So, its no matter good or bad idea, we can look what its using for.
sr. member
Activity: 1092
Merit: 256
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Stablecoins were much preferred as a pairing with different cryptocurrencies for trading purpose. For the investment purpose it is not a good choice. People who are not willing to risk their funds and expect very minimal profit can invest into stablecoins. Here there will be very minimal fluctuation and that needs to used to profit through the buying and selling. Also a huge volume of fund is required to profit.
member
Activity: 167
Merit: 10
Bad idea. What do you buy stable coins for? it will not make you rich. Stable Coin is only for transaction method. Because altcoin and bitcoin always go up and down, use Stable Coin for transactions. So that your money will not be reduced too much.
hero member
Activity: 1400
Merit: 674
In my opinion, stable coins are good if we use it as a savings tool, but not for investment, the reason is because the price of stable coins cannot change significantly or fluctuate, this means that we cannot take large profits from the price changes that occur
in my opinion although it is very risky to invest in very volatile coins but because of that we can also have the opportunity to take large profits so from that until now I am still not interested in stable coins
jr. member
Activity: 210
Merit: 1
After reading this article https://changelly.com/blog/stablecoins-an-idiom-of-stability-in-crypto-space/ I started to think about purchasing stable coins. What's your opinion about that? Is it a good or a bad idea?
Bad idea. There are no pluses in relation to traditional currencies, but there are many minuses.
hero member
Activity: 2184
Merit: 513
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Why even purchase stablecoin in the first place anyway?  Grin. I mean if you are trying to invest into stablecoin might aswell invest into the fiat directly. The only reason stablecoin is considered useful because it can saves your assets from volatility when you're "tired" of trading. Therefore "Buying" a "stablecoin" is definitely a bad idea except you are using it to save your money.
full member
Activity: 798
Merit: 104
Do you really understand what is stable coin?
For investment purposes stable coin is not recommendable before anything eyes  make sure you really understand the difference between stable coin and not stable coin or volatile altcoin this will help you to decide on your investment plan.
hero member
Activity: 2268
Merit: 507
It's a bad idea to secure your profit from the volatility, but there was a time when stable coin becomes very usable for us but sometimes it's also become crap caused by so many strict verification to use it.
That was a good idea when you were a trader.
How useful the stable coin will depend on what is your purpose for that. It's good nor bad idea.
hero member
Activity: 1820
Merit: 515
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After reading this article https://changelly.com/blog/stablecoins-an-idiom-of-stability-in-crypto-space/ I started to think about purchasing stable coins. What's your opinion about that? Is it a good or a bad idea?
Purchasing stable coin as investment? Such a bad idea.

Buy stable coins for trading purpose because it is more convenient to trade than trading with USD but the value of stable coin also decrease due to inflation.
member
Activity: 566
Merit: 13
After reading this article https://changelly.com/blog/stablecoins-an-idiom-of-stability-in-crypto-space/ I started to think about purchasing stable coins. What's your opinion about that? Is it a good or a bad idea?
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