Help a newbie choose a better stable coin - page 2.

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Quote from: Cuda911 on March 30, 2022, 01:19:03 PM

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USDT? BUSD?

My preference would definitely be DAI, but if I had to choose between USDT and BUSD, I would definitely choose BUSD. Actually, they are the same thing, but behind BUSD is Binance, and most importantly, there is a strong character like CZ. Don't keep more in these shits than you can risk though. If you hold more, you are taking a big risk. Remember, centralized systems do not coincide with the idea of decentralized cryptocurrencies.

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Quote from: Smack That Ace on May 23, 2022, 12:19:48 PM

Although USDT has always been questioned about its transparency and the allegations surrounding it but I haven't had any problems since using it so far. I know it is a centralized stablecoin but when we invest in crypto we take risks so I don't feel any problem with USDT. USDT is an old stable coin and is used on all exchanges nowadays so I recommend USDT if you are looking for stable coin.

BUSD is also good stable coin but it only works well on Binance and BSC chain, it is not as popular as USDT.

For stable coins investing I think better with BUSD than USDT and worry with USDT will be the next UST have drop and not function as stable coin. But invested on stable coins not return higher profit although ten year later holding, better if try invest on cryptocurrency not choose stable coin as investment. Have many altcoin can give much profit but keep careful time for investing, have been on dip price or still higher price still good thing need to know before investing on altcoin.

Smack That Ace

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Although USDT has always been questioned about its transparency and the allegations surrounding it but I haven't had any problems since using it so far. I know it is a centralized stablecoin but when we invest in crypto we take risks so I don't feel any problem with USDT. USDT is an old stable coin and is used on all exchanges nowadays so I recommend USDT if you are looking for stable coin.

BUSD is also good stable coin but it only works well on Binance and BSC chain, it is not as popular as USDT.

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Quote from: Cuda911 on March 30, 2022, 01:19:03 PM

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

In cryptocurrency keep assets safe is a big responsibility where stable coin is the only way to do that. The two stable coins you mention here are fundamentally very strong. Undoubtedly these two are secure and reliable.

D ltr

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I think both are good, with exchange rates that are not that far apart, especially at this time it's better to save USDT or BUSD because of this uncertain market situation, so you can minimize losses

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Quote from: Cuda911 on March 30, 2022, 01:19:03 PM

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

I usually use USDT in transacting to various exchanges, but some people say USDT is also not completely safe because there is no definite proof whether USDT is backed by real USD or not. But as far as I use USDT is always safe. If you are in doubt I recommend using BUSD which is clearly backed up by a major Binance exchange, and the transaction fees are also not as expensive as USDT-ethereum, only BUSD is not available in all markets, maybe at this time only markets that are truly connected to Binance or personal wallets can save BUSD.

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Quote from: Cuda911 on March 30, 2022, 01:19:03 PM

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

Hi guys

Why do you think that coins are the best for future investment now? You must take a look a good NFT projects like CryptoKitties, Silks, Guild of Guardians, Phantom Galaxies and Reptiles Chronicles. I am sure that we can get an excellent profit from this projects.

bangjoe

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In the current situation, saving money in stablecoins is the right choice. But if we have high courage, investing in coins that have opportunities for the future is one option that can be done. Because almost all coins are now experiencing a decline and it can be used for us, of course with the courage to take a high risk.

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Quote from: Cuda911 on March 30, 2022, 01:19:03 PM

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

Cryptocurrency is an umbrella term used to describe digital currencies that are built on the blockchain, many cryptocurrencies also have powerful utility functions such as smart contracts, cross-platform interoperability and lightning-fast transaction speeds. There are also cryptocurrencies whose value rarely fluctuates and they are known for their stability compared to others like Bitcoin, Ethereum, and more. Such coins are called ‘Stable Coins’.

Stablecoins are cryptocurrencies that are pegged or tied to a stable external asset. In view of this, I strongly believe that in as much as there are good stable Coins out there, if anyone has the privilege or opportunity, he or she should rather invest in Bitcoin.

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Quote from: Mehedi72 on May 19, 2022, 11:37:18 PM

USDT & BUSD! You can use both of those stablecoin if want to make your fund safe from dump during bearish market. No need to worry, bear or bull market doesn’t effect your stable coin. So you Should out of Over tensioned about this matter. Both are most top stablecoin with large marketcap and you can also add USDC in your stablecoin list. As well as Dai, is most suggested and trueusd decentralize stablecoin. Haven’t found any issue yet while using them but recently stablecoin TerraUSD (UST) dump 95%, careful about such shit stablecoin

These two are the biggest ones for sure, but I trust BUSD over USDT very easily, without a doubt. The reality is that we are looking at Tether and Bitfinex, which is not as big as Binance, and it is obvious that Tether could literally go away today and there wouldn't be anything we could do. Whereas Binance can't just go away all together, we are talking about a company that may worth around 500 billion dollars that go away in that case, can you imagine something like that?

It is near impossible and I doubt it. So all in all, BUSD is more preferable and more secure and it will not really change anything for the long run, they will be good one to pick.

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In my opinion, USDT is the most stable coin that I use so far for any transaction in most exchanges, moreover if the USDT is mostly used in pairs in the exchanges.
Moreover, this is available in most Exchanges with many pairs. However, it will depend on your DYOR. But there are also some issues that USDT is not recommended for holding especially because of certain problems and issues so far. However, so far, I don't meet the issues.
If you want to look more at this choice, BUSD and DAI may be also a good choice, but it may have fewer pairs in some exchanges.

Quote from: bounceback on May 20, 2022, 03:34:13 AM

BUSD might be the right choice because so far I personally have also chosen BUSD as a stable coin to store funds when the market is experiencing a crash like what is happening now

Maybe BUSD is a good choice, but it is limited only in some exchanges, especially only on Binance and also its partner's exchanges. So, the uses may not be as universal as USDT

doomloop

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Quote from: cdog on May 18, 2022, 03:58:26 AM

Quote from: MFahad on May 17, 2022, 04:59:52 AM

Always choose those stable coin which is backed with fiat and stay away from those Stable coins which are backet with algorithm. We already seen ust and Dei crash.
In my view most trusted stable coins are Usdc,Dai and Busd. These stable coins are backed with fiat with strong Support by Etherium and Binance respectively. Government of England also looking to legalize Usdc and it's good for this Stable coin.

We have to be careful when choosing a stable coin that is a shitcoin, so don't fully believe in a stable coin because its value can not always be maintained for $ 1 but it has been proven that stable coins are also part of shitcoins that can collapse at any time.

I think you are talking to the stable coins that @MFahad mentioned first in his post. Haven't heard about dei but it sounds like a clone version of the dai stable coin. By its name we can already say that it was a shitcoin. A fake stable coin try to imitate an already established stable coin in the market. The second one is ust.

Many are fooled with this stable coin. They never thought that this ust will collapse because it was related to terra luna, which was also making a name before it turned out bad. The stable coins named as usdc, busd and dai are already proven and tested to be safe because they are backed by legit companies that are already been here for years.

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Quote from: wildan88 on May 20, 2022, 03:18:44 AM

BUSD, USDT and DAI are good coins and you can sleep well if you're coins are in this coins. I don't trust other peg coins like UST I know you know what exactly happened before when the so called stable coin crashed to $0.2 if I am not mistaken or lower than that. Lets just hope that this won't happen to USDT too.

DAI is not good option and I think will get cases like UST maybe after have bad tweet about DAI coins, I think better with BUSD as stable coin for holding but not really profitable when investing on stable coin. Better hold and save your money on the bank if you try entry on cryptocurrency investment just looking for with stable coin. But have moment saving stable coin like BUSD or USDT when bitcoin and altcoin drop price and selling assets for saving with stable coin.

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Quote from: Cuda911 on March 30, 2022, 01:19:03 PM

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

BUSD might be the right choice because so far I personally have also chosen BUSD as a stable coin to store funds when the market is experiencing a crash like what is happening now and by using BUSD we also don't have to incur higher transaction fees if we want to send stable coins it is between exchanges or to other Dex exchanges when you want to make purchases with certain coins.

wildan88

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BUSD, USDT and DAI are good coins and you can sleep well if you're coins are in this coins. I don't trust other peg coins like UST I know you know what exactly happened before when the so called stable coin crashed to $0.2 if I am not mistaken or lower than that. Lets just hope that this won't happen to USDT too.

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Quote from: Cuda911 on March 30, 2022, 01:19:03 PM

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

Those who are new to stingy currency want to buy some popular coins but they have some popular coins here. Desperate BNP says they are much more popular but they can buy them. I think the reason is that it looks like the future of coins will be much better

Mehedi72

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USDT & BUSD! You can use both of those stablecoin if want to make your fund safe from dump during bearish market. No need to worry, bear or bull market doesn’t effect your stable coin. So you Should out of Over tensioned about this matter. Both are most top stablecoin with large marketcap and you can also add USDC in your stablecoin list. As well as Dai, is most suggested and trueusd decentralize stablecoin. Haven’t found any issue yet while using them but recently stablecoin TerraUSD (UST) dump 95%, careful about such shit stablecoin

alisonwonder

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Quote from: cdog on May 18, 2022, 03:58:26 AM

We have to be careful when choosing a stable coin that is a shitcoin, so don't fully believe in a stable coin because its value can not always be maintained for $ 1 but it has been proven that stable coins are also part of shitcoins that can collapse at any time.

Investor confidence in stable coins has decreased because many altcoins have not been able to maintain liquidity to remain stable at $1, I think USDT and BUSD are the best choices although some investors also don't fully believe in USDT.

Frengki_cisco

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Quote from: Cuda911 on March 30, 2022, 01:19:03 PM

I'm looking forward to store some stable coin for future investment, maybe probably when a harder bearish market takes place to buy coins for lesser price but I can't seem to figure with stable coin can make me have a good night sleep at night with zero worries, USDT? BUSD?

A lot of advice has been given by the community here, investing in stable coins, my experience in investing for the long term, i always trigger on the top 10 coins that are on Marketcap, I think you can consider that.

maartenhaha

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if you want to choose a stable coin you can choose usdt coin but if you are a beginner it is better to choose a coin that has the potential especially now that there are many coins whose prices are falling this is a great opportunity for you to buy ethereum coins and binance coins, you can save these two coins for a long time and I sure the two coins that I mentioned the price will go up again and you will profit from the coin investment.

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