Help: Stable coin advice | Bitcointalksearch.org

Gershonxer

jr. member

Activity: 237

Merit: 4

But are stable coin really stable? USDT that recently lost its peg to a dollar, it went as low as $0.86. Just imagine hedging $1million it will become $860K Cry

. There are many contravatial thoeries of them not having the exact amount of USDT coins in circulation. They have made claims that the money in a bank account. I'd advise you stay away from Tether.
During the recent flash crash, I hedged some of my funds into PAX coin.
link on CMC: https://coinmarketcap.com/currencies/paxos-standard-token/
This token is pegged to a dollar and its traded on binance, okex and other top exchanges. I have seen CZ of Binance made some recommendable tweets about it.
I havent gotten time to make research about it. Here is the offical link of PAX coin https://paxos.com/standard

bartusv

jr. member

Activity: 392

Merit: 2

Some stable coins are backed with Fiat or they have crypto collateral and some others are decentralized and
have other working mechanism. No one can guarantee you which one is the most reliable so You have to dig into
the stable coins as you are the only responsible for your funds.

nurulhmani1280wat

jr. member

Activity: 394

Merit: 1

XEGGEX

I see the crypto market, the most stable coin is usd, because the coin has a very balanced movement compared to other altcoins, my advice is that you can invest more easily here and maintain it.

IgorShumilo

full member

Activity: 518

Merit: 105

I do not force you to act, but it seems to me that it is best to distribute your investment portfolio in this way:
50 percent - Bitcoin;
50 percent - 2-3 stable coins (any that you like)
If I had the opportunity to divide my portfolio in this way, then I would have done so.

udumalai01

newbie

Activity: 27

Merit: 10

buy and hold usdc coin it is a stable coin

nurulhmani1280wat

jr. member

Activity: 394

Merit: 1

XEGGEX

My advice is you better buy or hold more USDT coins, because the coin is very stable its value is not like the other altcoins, I see in USDT cryptomarket in my opinion coins are very popular and very investment in the long term.

knuckey

sr. member

Activity: 1260

Merit: 251

If you still doubt all the stable coins available, then I think the OP can swap all of its assets into fiat money, maybe your country's local currency.

Maknae09

jr. member

Activity: 196

Merit: 1

Ternion | Hybrid Crypto Exchange with fiat gateway

Quote from: SportbetMaster on December 28, 2018, 04:42:25 PM

hey there;
as it's the end of the year and also as there is no major event that would push me to withdraw my money invested in crypto money and also that my working program doesn't allow me to stay connected all the time, I found that it is necessary to take a break and stop trading for at least a period of 6 months, just that I don't know on wich stable coin I must convert my saving; at first I thought about USDT as it was what I did before in such situation but in recent days it seems to me that it's no longer stable than before, so I thought about TUSD but as I never heard about it or used it before.
I really need your suggestions to choose between these two coin or even another solution that allows me to keep my investment as it is right now.
thank you.

I think you are already a trader, and my advice is to you to join some groups that also works with trading, in this case, you will be updated for the latest news and updates regarding which coin is good for a particular time of buying and selling.

acholagi

hero member

Activity: 826

Merit: 500

6 months enough time to get around 20% profit from BTC
buy your BTC now, then you sell with the limit order format at 10% above
if it has been sold, do this step repeatedly until the 6 months have run out
at least you spend just 5 minutes in one week, of course that doesn't disturb your time

tuthienloc92bk

member

Activity: 364

Merit: 34

Fast, Smart, Trustworthy

Quote from: SportbetMaster on December 28, 2018, 04:42:25 PM

-snip-

Hi there, I think you should withdraw to fiat money and when you ready to join again, let buy back cryptocurrency. You will leave martket a long time, so I think this is a best choice.

B.

copper member

Activity: 238

Merit: 10

You can take your break time at the bear market, because in my opinion it would be very detrimental to have to ignore cryptographic trading when the market is in good condition especially when the market is bullish, where the intensity of price increases is very high.

but it will come back to each of us because traders like you are not tied to any company or institution that is of course free to take their leave

JeffBrad12

hero member

Activity: 2954

Merit: 533

Leading Crypto Sports Betting & Casino Platform

Quote from: SportbetMaster on December 28, 2018, 04:42:25 PM

hey there;
as it's the end of the year and also as there is no major event that would push me to withdraw my money invested in crypto money and also that my working program doesn't allow me to stay connected all the time, I found that it is necessary to take a break and stop trading for at least a period of 6 months, just that I don't know on wich stable coin I must convert my saving; at first I thought about USDT as it was what I did before in such situation but in recent days it seems to me that it's no longer stable than before, so I thought about TUSD but as I never heard about it or used it before.
I really need your suggestions to choose between these two coin or even another solution that allows me to keep my investment as it is right now.
thank you.

You can now try to use TUSD or PAX stable coin. So far if you convert your money to USDT and your money will able to be frozen by the developers if you are doing a suspicious thing. USDT is centralized crypto which whole of supply over the control of the developer. For me TUSD is much better than USDT.

bob3772

full member

Activity: 415

Merit: 100

If it's as long as 6 months that you'll be inactive then pay the little extra to convert to fiat instead of risking having your coins in a stable coin. That way you know it's a lot more safe.

galactic123

jr. member

Activity: 105

Merit: 1

I'd buy a bunch of different altcoins that look OK but are not incredibly expensive. Bought some XRP and XLM. Sure, many campaign against those coins due to centralization issues, but whatever...

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

You ask people to tell you which stable coin you should keep your investments in. I guess that you know that this is just another way of investing and you should not do that based on what unknown people over internet advise you do.
Now about stable coins: in order to hold a stable coin you have to really trust the issuer. I don't trust any. USDT is one of the oldest, but its history is full of incidents (real or not) and not always exact 1:1 parity with USD. Most of the others are very new.

So yeah, I guess I just made your indecision worse.
I said I don't trust any. However, you can also check GUSD, maybe that one makes you feel more confident. They've promised regular 3rd party audit and there's a good chance they'll stick to that.

From https://coincodex.com/article/2328/gemini-launches-gusd-stablecoin/ :

Quote

According to the firm, the system will be regularly audited by third parties, and their findings will be released to the public. The token’s smart contract code has been audited by digital security firm Trail of Bits.

SportbetMaster

sr. member

Activity: 625

Merit: 254

https://assetsplit.org/

hey there;
as it's the end of the year and also as there is no major event that would push me to withdraw my money invested in crypto money and also that my working program doesn't allow me to stay connected all the time, I found that it is necessary to take a break and stop trading for at least a period of 6 months, just that I don't know on wich stable coin I must convert my saving; at first I thought about USDT as it was what I did before in such situation but in recent days it seems to me that it's no longer stable than before, so I thought about TUSD but as I never heard about it or used it before.
I really need your suggestions to choose between these two coin or even another solution that allows me to keep my investment as it is right now.
thank you.

Topic: Help: Stable coin advice (Read 275 times)