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?
if you want long term investment why should choose stable coin, do you want to do staking? if yes then BUSD is the best choice over USDT because BUSD is backed up by Binance which is the largest exchange in the world. 
Topic: Help a newbie choose a better stable coin - page 6. (Read 878 times)
DAI is hailed as the best stable coin for those who like full decentralization. But I also have no objection to both (op options) because they are issued by a reputable exchange and have passed some due diligence by international courts.
Caution and paranoia should always be applied regardless of the type of stable coin you choose, but the type of wallet you use to store it.
Caution and paranoia should always be applied regardless of the type of stable coin you choose, but the type of wallet you use to store it.
You do know what stable coins are, right? I don't see stable coins as an investment. Usually, people buy stable coins just cause they prefer saving their money in crypto and like the "being their own bank" concept. Another reason people buy stable coins is simply because they are "stable" and not volatile like Bitcoin and altcoins. Traders on the other hand see stable coins as a money making tool one can easily use it to buy any crypto you wish in a dip.
I feel more safe with decentralized stable coins. BUSD is regulated, to me it's like purchasing CBDC. USDT on the other hand has not been transparent about their backings. See my post here Is there really a Tether guarantee?
Interestingly, it "could" become an investment. If you are living in a nation with a different fiat, and if your fiat is doing badly then buying dollars to save your wealth is a good way. All the rich people in my nation have investments either into their business, or keep that in dollars. In fact they are working towards building stuff that would be a lot more foreign related so that they could earn dollars instead of our fiat.I feel more safe with decentralized stable coins. BUSD is regulated, to me it's like purchasing CBDC. USDT on the other hand has not been transparent about their backings. See my post here Is there really a Tether guarantee?
This is why I believe that usdt could become an investment for a small number of people. obviously if you are living in Europe, then buying dollars instead of keeping euro may not make sense. But think about all those people in Venezuela, that makes more sense right?
I think it's the same, because I also put some of my assets into those two and it's pretty stable for beginners.
Yes, if you are looking for a popular one, maybe USDT because there are already many markets that accept USDT
Yes, if you are looking for a popular one, maybe USDT because there are already many markets that accept USDT
Everyone has suggested that you choose DAI. I also agree with the majority opinion. DAI is a decentralized stablecoin. It is safer for you. But since I use Binance exchange, I prefer BUSD. Because when you trade as a market maker, the fee becomes zero. That makes me happy. I like to be happy with the little things. :) Also, BUSD is safer than USDT as it is part of a larger ecosystem.
BUSD and USDT are the same to me, if you are planning to have some stable coin on the ground to take advantage of any market dips then just buy any stable coin since you won't be holding them for so long but if you refer something more secured I can't think of anything else than DAI stable coin because its fully decentralised.
If you want to store assets in stable coins then the two coins you mentioned USDT and BUSD can be relied on because the coins are already very reliable and have been used by many investors, but if you want to use DAI I think it can also be relied on because this coin is very decentralized and very safe for us to store in the long term, It all depends on which one you prefer.
One of the best stable coin currently available in the market is the USDT and BUSD. The both coins work with the United State dollar rate. These coins are available on top exchanges and they are use to buy coins on other exchanges and also serves as Gas fees. Although KCS is also among the stable coins. Each trading exchange has its own stable coins and native tokens. Like for Binance, it's has BNB and BUSD. While for Kucoin, it's stable coins is KCS. The exchanges would reward you handsomely if you hold these coins for long term. 
If you want to store assets in stable coins then the two coins you mentioned USDT and BUSD can be relied on because the coins are already very reliable and have been used by many investors, but if you want to use DAI I think it can also be relied on because this coin is very decentralized and very safe for us to store in the long term, It all depends on which one you prefer.
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?
any stable coin is safe as long as you're using trusted platform, actually i've been using binance and i use to convert my crypto into USDT and it's still safe even though there are some rumours about it that it will going down. Wherein so far it's been months but it still the same i mean there are no sign and news that it will going to disappear in thege mail.. But its up to you at least you know already and indeed BUSD is safe as well since it's backed by binance so no need to worry.
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?
Well, I like and use BUSD more than USDT! I can't stand those high fees with USDT, luckily now some services allow using the BSC chain for USDT transactions, but it's not like that everywhere!
Both are safe I guess, simply they are big and getting bigger over the years! I don't see any reasons to make me think there will be some problems in the future with either of them!
Simply said I am not afraid to keep some of my money in BUSD, like you I also wait for some harder bearish period, I believe that will happen before the end of this year!
They are usually the same but I will go with the USDT since they mostly used in all exchange and I think all network supports it including BSC and AVAX. So Tether is the best choice for me, personally I have some USDT in my exchange wallet I am just waiting for a correction to buy some more Bitcoin and other cryptocurrency.
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?
First, where will you hold the stablecoin? if you want to hold it on an exchange account, you don't need to be confused about which stablecoin to choose. all can be a good choice usdt, busd, ust or even dai.
Second, if you want to hold it in a private wallet, look for cheap stablecoins on the network. such as USDT on the trc20/bep20 network, or busd on the bep20 network. This is very important because when you want to use it, you don't have to pay a large fee. so choose whichever stablecoin is on the cheapest network.
Third, if you want a truly decentralized stablecoin there only one option is DAI.
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?
Could it be your little confused about the Stable coin?
By holding stable coin you don't have to get worried over prices because they are already secured even when there is bear your coin values still maintain the same as before but holding other currencies other than, kept decreasing and will lose value drastically. i would advice you to make investment with ETH, BTC or BNB to increase the chance of earning on your investments.
stable coins are coins that do not seem to fluctuate. indeed until whenever this coin will remain the same value, if we invest in it maybe something strange, because it will not make a profit, this is tantamount to saving in a bank, which actually sinks due to inflation. Broadly speaking, this stable coin serves to store temporary assets, especially for traders who frequently transact, the stable coin is used as a stopover, waiting to enter the market.
I don't know if there are "good stable" altcoins, but avoid coins such as USDT or other similar somewhat centralized stable coins. There are a chances that your wallets can be frozen (even though the chance is very small) if they suspect your source of funds are from illegal places.
Look for decentralized stable coins. A quick google should help you get started with your research.
Look for decentralized stable coins. A quick google should help you get started with your research.
BUSD is more reliable than USDT, the dev behind BUSD cares so much about his reputation, if you don't know he is the CEO of binance exchange, I can bet my trust on someone like CZ, last time when binance exchange was hacked all lost funds were reimbursed.
you invest in stable assets. you might be looking for a safer one but that sounds ridiculous.
if you just want to save because of your stability and fear regarding altcoin fluctuations, well that's not a problem. but you don't have to think to have the advantage of a stable coin.
USDT and BUSD are the same, you can use both or choose one. There is nothing to worry about because everything is safe.
To store our assets, it is safest to store them on stable coins such as USDT and BUSD,if you just want to save because of your stability and fear regarding altcoin fluctuations, well that's not a problem. but you don't have to think to have the advantage of a stable coin.
USDT and BUSD are the same, you can use both or choose one. There is nothing to worry about because everything is safe.
my own experience using both so far is safe and hope it will continue,
what is clear is that stable coins are not for investment but for storing assets
It depends on his condition. If you are a user of the binance market, it is highly recommended to use BUSD because it has advantages when used on the binance market, if you save it to get ready to buy altcoins or in your personal wallet, USDT is better because it has been trusted for a long time.
USDT usually has a fee that tends to be expensive if it's the ethereum network, my advice is better to keep the tron network USDT, it's very cheap transaction prices, and very suitable for newbies who want to use stable coins.
USDT usually has a fee that tends to be expensive if it's the ethereum network, my advice is better to keep the tron network USDT, it's very cheap transaction prices, and very suitable for newbies who want to use stable coins.
Usdt is still the true winner here because it has the highest trading volume over every other stable coin out there, its also well supported on every single exchange out there, DAI is safer, no worries over getting your stable coin freeze since its decentralised but its less popular.
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?
No need to store stable coins you can buy anytime you want and any exchange, you can still hold your fiat while waiting for the bear market to happen. Buying stable coins is not too difficult so hoarding we don't think is necessary.
If you still decide to hoard then my advice is to find yourself a decentralized stablecoin like DAI instead of using USDT, BUSD.
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?
USDT or BUSD, I think both are currently the same. personally, I use both. however, I might recommend using BUSD more, as I would prefer to do your plan on a major exchange, and binance could be a recommendation for that. BUSD uses the binance network, and I think it's also a product of binance. so holding BUSD on binance in the long term might be safer. seeing the pretty good reputation of CZ in managing their company, I think you can rest easy on that. however, if you're still not comfortable with it, you might be able to use USDT and store it in your hardwallet. it's just that USDT has some bad rumors, but to date, USDT is the most widely used stable coin. Jump to: