It is better to diversify between stable and non-stable coins to avoid fluctuations. That is one good way, besides that the profit potential can be multiplied rather than just buying a stable coin. In 2020 there will be many new projects coming, but I expect more quality coins.
right, diversification is one way to minimize risk, without greed and calculating risk in a measured manner will make us survive in the world of crypto. many people are trapped in fomo, so investing in just one coin, conventional methods like that will only make our chances increase 
Topic: How and why to buy Stablecoins in 2020 (Read 467 times)
It is better to diversify between stable and non-stable coins to avoid fluctuations. That is one good way, besides that the profit potential can be multiplied rather than just buying a stable coin. In 2020 there will be many new projects coming, but I expect more quality coins.
to trade daily with little volatility may be very suitable for daily traders,
but the benefits also include very small
That's right, stablecoin tokens don't have a big risk if we buy them, and the profit we get is also small, so for those who don't want to incur a big loss, please buy stablecoin. but the benefits also include very small
Traders use the stablecoins for protecting their trades from the market volatility and it is the best option instead of converting the holdings to fiat money.
Protection is quite hard to refer to when people are trading USDT. It's not just their shady nature I'm referring to, but also the counter party risk. If they stop paying out your stablecoins are worthless.Tether has already admitted that they at one point weren't fully backed by dollars. If you see them admit that, something is wrong. Too bad decentralized stablecoins haven't gotten any adoption yet to replace centralized ones.
Traders use the stablecoins for protecting their trades from the market volatility and it is the best option instead of converting the holdings to fiat money. The converted cash can cause additional problems such as an investigation by the banks in case of big amounts from the crypto exchange but this is not a case for the stablecoins.
Stable coin maybe less risk with lower price and become destination for trader to buy and invest with stable coin in 2020, but we don't know which one become stable coin because almost coin right now have lower price, not many coin keep stable with higher price and increase dump more than 70% from what higher price before like eth can raise above $1,5k and now only $130.
Many traders do buy stablecoins to secure their funds from volatility. But for me, Stablecoin isn't very useful. I prefer to make it fiat in local exchanges and keep it there as long as I don't want to trade than to be stable.
Because I do not believe in crypto that is backed up with other assets such as fiat or other commodities. That's all my reason. I better buy the commodity directly instead of buying the crypto.
Because I do not believe in crypto that is backed up with other assets such as fiat or other commodities. That's all my reason. I better buy the commodity directly instead of buying the crypto.
if you trade on a local exchange then you do not need to use stablecoin, because some people use stablecoin on world exchanges because there is no currency in their exchange. but if you don't believe in Stablecoin then there are some coins that can still be called stable like TRX because I sometimes use them when trading on world exchanges
Many traders do buy stablecoins to secure their funds from volatility. But for me, Stablecoin isn't very useful. I prefer to make it fiat in local exchanges and keep it there as long as I don't want to trade than to be stable.
Because I do not believe in crypto that is backed up with other assets such as fiat or other commodities. That's all my reason. I better buy the commodity directly instead of buying the crypto.
Because I do not believe in crypto that is backed up with other assets such as fiat or other commodities. That's all my reason. I better buy the commodity directly instead of buying the crypto.
Stable coins are good only for traders, but why you should hold stable coins instead of money? There is still risk that company that created stablecoin may end. Also if you buy stablecoins, you can miss the opportunity of buying cheap cryptocurrencies.
to trade daily with little volatility may be very suitable for daily traders, but the benefits also include very small
Stable coins are good only for traders, but why you should hold stable coins instead of money? There is still risk that company that created stablecoin may end.
I am not a fan of stablecoins too, but they are useful for those who trust. Stablecoins are the best solution for daily traders and for those who want to avoid the loss of value caused by the bad market situation. Also if you buy stablecoins, you can miss the opportunity of buying cheap cryptocurrencies.
But, if you know the right time to sell and buy, you will not miss a chance. Stablecoins are meant to take advantage of the decrease, in time of increase is not needed much. 
Stable coins are good only for traders, but why you should hold stable coins instead of money? There is still risk that company that created stablecoin may end. Also if you buy stablecoins, you can miss the opportunity of buying cheap cryptocurrencies.
when the Bearish market the traders secure assets in stablecoin, this was done so that their assets did not decline rather than choosing to hold btc or altcoin when market conditions deteriorated. but every market has fiat currencies like indodax so traders' choices when the market is deteriorating they can secure assets into fiat or buy stablecoin. but buying stablecoin doesn't earn any profit.
I am not a fan of stable coins, because of several reasons. First of all, 90 percent of them are centralised. Secondly, what is the point of holding a stable coin, because it does not bring you any benefits. But if you want to invest in a stable coin, it should be DAI.
Even I am not a fan of stable coin as there is no point in buying and holding stable coins but that's not the purpose of stable coins as they are mainly used to convert your crypto asset post trading to avoid any loss as the value tends to fluctuate. I use stable coin just for conversion purpose like most of us do.
Stablecoin is only to help traders / investors only and if you intend to save. Stablecoin was created not for profit, but only helped to condition the crypto market. You save your money in stable form the same way you save at a local bank. The OP said and suggested buying stablecoin in 2020, assuming that I agreed but only but prepared only to buy bitcoin before halving began. Storing stablecoin for too long is boring for me.
I must say that the existence of stablecoins is pretty useful in crypto space especially for traders and some investors that wants to protect their cryptocurrency holdings though stablecoins are not good for long-term hold since the price have less fluctuation which is not advisable for someone that is expecting some profit from his/her investment.
Since 2018, stablecoins have become popular among investors. A lot of people have sold altcoin and bitcoin to hold stablecoin to preserve their capital in this market. In 2020, I think that Bitcoin price and altcoin market will increase strongly and this is an opportunity for investors who are holding stablecoin to buy altcoin and bitcoin cheaply.
I believe that stablecoins will be more beneficial to novice investors or who want to keep their money with less losses than investing other cryptocurrencies to protect it from market volatility, I am will not buy a stablecoins because I see that linking stablecoins to a central coin like the US dollar becomes a bad investment because stablecoins waste the benefits of decentralization that cryptocurrencies have, If I buy stablecoins now, I will sell it tomorrow and get my money back, so there is no point in buying stablecoins.
Volatility is always an issue in cryptocurrency, you just can't trade profitably without it which is why traders are mostly trading coin/stablecoin. We are mostly trading on BTC/USDT which is why tether somehow becomes very trusted as far as i know its the first stablecoin we have been using until the newer comes along.
The problem with stablecoins is that the owners can steal from us which is why tether was being audited previously. They can release more stablecoins while the reserves are unsure.
I am not a fan of stable coins, because of several reasons. First of all, 90 percent of them are centralised. Secondly, what is the point of holding a stable coin, because it does not bring you any benefits. But if you want to invest in a stable coin, it should be DAI.
Yes im not also a fan of stable coins but the main reason of this article is to protect the value of our money to futher decreasing because of the bearish market. This is the reason why we hold stable coins especially on short term trading or in day trading.
I am not a fan of stable coins, because of several reasons. First of all, 90 percent of them are centralised. Secondly, what is the point of holding a stable coin, because it does not bring you any benefits. But if you want to invest in a stable coin, it should be DAI.
Stable coins are really good to lock your profits. Simply stablecoins are crypto formats of our daily using fiats. If you country is having lots of restrictions and you want to store your money in crypto format then you may go for stablecoins. Due to its stable prices, you will be missing what bitcoin kind of coins are providing the opportunity for growth by ROI.
But, I don't invest in stable coins, to me they are not really useful right now, so I'm only investing in the volatile cryptocurrency (Bitcoin), though I so much of an interest in the Facebook Libra and if it's released I'm sure going to make use of it because I know that it's going to be accepted on several platforms like eBay, and a lot more of them where PayPal is accepted, unlike other stable coins that are not being accepted anywhere at all. So, for now, I'm just going to focus on Bitcoin and ETH till maybe altcoins start getting widespread adoption.
But, I don't invest in stable coins, to me they are not really useful right now, so I'm only investing in the volatile cryptocurrency (Bitcoin), though I so much of an interest in the Facebook Libra and if it's released I'm sure going to make use of it because I know that it's going to be accepted on several platforms like eBay, and a lot more of them where PayPal is accepted, unlike other stable coins that are not being accepted anywhere at all. So, for now, I'm just going to focus on Bitcoin and ETH till maybe altcoins start getting widespread adoption.
As a longterm crypto supporter i would say that stablecoins are only good to buy when crypto market has peaked which is very far away right now and expected new peaks time range is from the end of 2020 to the end of 2021, so i would only try to get in stablecoins once we see massive upside run.
In my own opinion, stable coins are not that good to buy because it's not profitable. Stablecoins is just like fiat currency that it is only good for making online transactions and good as a storage when we are facing a bear market to avoid having huge losses, but i don't still recommend buying a stable coin because i believe most cryptocurrency will increased it's prices in the year of 2020 like bitcoin.
You can diversify your portfolio between stable and volatile coins. So you will have the opportunity to buy when the price is down and to sell when the price is up. Otherwise, there is a high chance of misunderstanding the situation in such cases, therefore you may miss out on the real opportunity. As you know there is nothing definite in crypto, anything can happen at any moment. 
At first I bought stablecoins like USDT to avoid market volatility, But I found out that some exchanges allow me to deposit USDT and enjoy very flexible term interest rates while depositing USD at banks will not earn interest.
There are two reasons for me and for most of the people to buy stabecoin.
1. To make a profit in volatility. It's a temporary buy where I sell my crypto into stablecoin on decreasing market and buy back on increasing market.
2. To keep my liquidity ready for unforeseen condition. I generally put this money on NEXO as they provide better interest than banks and the coins are always ready to trade.
1. To make a profit in volatility. It's a temporary buy where I sell my crypto into stablecoin on decreasing market and buy back on increasing market.
2. To keep my liquidity ready for unforeseen condition. I generally put this money on NEXO as they provide better interest than banks and the coins are always ready to trade.
In my own opinion, stable coins are not that good to buy because it's not profitable.
Stablecoins wasn't made to be profitable anyway.
my reason for choosing Stablecoin is that it allows my assets to stay awake from very active prices, for example when I want to trade on cryptocurrency then I automatically have to buy it in my own currency by choosing bitcoin or altcoin, if I want to trade daily then of course I choosing Stablecoin as my trading transaction tool to maintain my funds stable in one currency, if I don't choose Stablecoin then I will have two risks of loss in daily trading.
In my own opinion, stable coins are not that good to buy because it's not profitable. Stablecoins is just like fiat currency that it is only good for making online transactions and good as a storage when we are facing a bear market to avoid having huge losses, but i don't still recommend buying a stable coin because i believe most cryptocurrency will increased it's prices in the year of 2020 like bitcoin.
This is a really great article and I think we'd have much more people in the crypto world if they knew that coins like these existed! Headlines of Bitcoin tanking and seeing volatility present as soon as they open a site like coinmarketcap really dissuades many perhaps not so clued up individuals who want to invest.
for me the strongest reason to use stablecoin is to hold funds when market conditions are not favorable, because compared to hold but prices continue to fall then i will divert more funds with stablecoin and i'm sure some people will use a method like me too
If you do that, you can be able to save your value in crypto from the decrease. Besides that, you can be able to buy any coins which are down at a low price. To buy stable coin can prevent you from the dump that can come anytime, but if you are holding a stable coin for a long time, you will not see a profit in your account because the stable coin will not increase decrease too high.
You might be pretty familiar with the cryptocurrency markets, but sometimes stablecoins can still feel a bit elusive. They’re a type of cryptocurrency that are designed to reduce price fluctuations. It’s essentially a coin which has its value pegged to another asset, like fiat. We’ll be taking a look at how and why to buy stablecoins in 2020. Let’s dive in.
What is a stablecoin?
Most people imagine stablecoins as a coin that’s connected to fiat currency, like the US dollar. While this may be the case for some stablecoins like Tether (USDT) and TrueUSD (TUSD), it’s not true for all of them. You can create a stablecoin that’s pegged to pretty much any asset, including precious metals, other cryptocurrencies, or even a combination of the two.
Ultimately, the goal of a stablecoin is for it to be worth the same as the asset backing it. So, a stablecoin that’s pegged to the US dollar, will always have its value sit at around $1.
https://www.youtube.com/watch?v=pppOXGkWRow
Why buy stablecoins?
A lot of people are enamored by the volatility of the cryptocurrency markets, but others find it pretty stressful. Maybe you fall somewhere in the middle: You’re a crypto-fanatic, but all of the volatility in the market gives you a headache.
Stablecoins allow you to stay in the crypto-game, while combating the (sometimes wild) price fluctuations that occur in this exciting industry.
Stablecoins also allow you to use fiat like crypto. They’re pegged to fiat, so it makes it pretty simple to invest USD on crypto exchanges. Stablecoins can also provide perspective to those unfamiliar with the way the cryptocurrency market works. Most people will want to compare crypto value to fiat prices, so they can use stablecoins to do so on exchanges that don’t support fiat.
Stablecoins also provide the security and low transaction fees that are indicative of the nature of the crypto asset market. Stablecoins are a great way to achieve fast and affordable transactions of fiat-like assets. You’ll have the speed and cheap transaction fees associated with crypto, and you’ll also know the value of the stablecoin you’re using is the same as the fiat (or other asset) that it’s linked to.
https://www.youtube.com/watch?v=LRmIEBYDyUM
How to buy stablecoins
Tether (USDT) currently has a market cap of $4,129,579,780, the fourth largest according to CoinMarketCap (at the time of writing). TrueUSD (TUSD) has a market cap of $161,707,769 USD at the time of writing. They’re both doing pretty well at the moment. Luckily, getting in on the how and why to buy stablecoins in 2020, also provides you with some insight into the buying process on Vertex.Market, a peer-to-peer marketplace where users can launch their own offerings. You’ll find both of the stablecoins available on the marketplace, with some pretty fantastic deals. Simply sign up, and do your thing. No KYC necessary.
https://twitter.com/blckchaindaily/status/1201990683332091910
Why stablecoins?
Stablecoins were initially invented as a way to combat the volatility of the cryptocurrency markets, and they’re doing a pretty stellar job of fulfilling their purpose.
So, how and why to buy stablecoins in 2020? It’s pretty simple: you’ll be incorporating a solid digital asset into your portfolio, that is backed by a major asset, and you’ll still receive all of the perks that come with other cryptocurrencies (like low transaction fees and fast transaction speeds). Find offerings on Tether (USDT) here, and TrueUSD (TUSD) here.
https://medium.com/@official_83664/how-and-why-to-buy-stablecoins-in-2020-46212a6546ab
Helpful article, I have another reference for 2020, I hope this is all in line with expectations regardless of the twists and turns of the market price, and I don't just rely on coins and big projects. And I will try to share with my friends so they know about this info What is a stablecoin?
Most people imagine stablecoins as a coin that’s connected to fiat currency, like the US dollar. While this may be the case for some stablecoins like Tether (USDT) and TrueUSD (TUSD), it’s not true for all of them. You can create a stablecoin that’s pegged to pretty much any asset, including precious metals, other cryptocurrencies, or even a combination of the two.
Ultimately, the goal of a stablecoin is for it to be worth the same as the asset backing it. So, a stablecoin that’s pegged to the US dollar, will always have its value sit at around $1.
https://www.youtube.com/watch?v=pppOXGkWRow
Why buy stablecoins?
A lot of people are enamored by the volatility of the cryptocurrency markets, but others find it pretty stressful. Maybe you fall somewhere in the middle: You’re a crypto-fanatic, but all of the volatility in the market gives you a headache.
Stablecoins allow you to stay in the crypto-game, while combating the (sometimes wild) price fluctuations that occur in this exciting industry.
Stablecoins also allow you to use fiat like crypto. They’re pegged to fiat, so it makes it pretty simple to invest USD on crypto exchanges. Stablecoins can also provide perspective to those unfamiliar with the way the cryptocurrency market works. Most people will want to compare crypto value to fiat prices, so they can use stablecoins to do so on exchanges that don’t support fiat.
Stablecoins also provide the security and low transaction fees that are indicative of the nature of the crypto asset market. Stablecoins are a great way to achieve fast and affordable transactions of fiat-like assets. You’ll have the speed and cheap transaction fees associated with crypto, and you’ll also know the value of the stablecoin you’re using is the same as the fiat (or other asset) that it’s linked to.
https://www.youtube.com/watch?v=LRmIEBYDyUM
How to buy stablecoins
Tether (USDT) currently has a market cap of $4,129,579,780, the fourth largest according to CoinMarketCap (at the time of writing). TrueUSD (TUSD) has a market cap of $161,707,769 USD at the time of writing. They’re both doing pretty well at the moment. Luckily, getting in on the how and why to buy stablecoins in 2020, also provides you with some insight into the buying process on Vertex.Market, a peer-to-peer marketplace where users can launch their own offerings. You’ll find both of the stablecoins available on the marketplace, with some pretty fantastic deals. Simply sign up, and do your thing. No KYC necessary.
https://twitter.com/blckchaindaily/status/1201990683332091910
Why stablecoins?
Stablecoins were initially invented as a way to combat the volatility of the cryptocurrency markets, and they’re doing a pretty stellar job of fulfilling their purpose.
So, how and why to buy stablecoins in 2020? It’s pretty simple: you’ll be incorporating a solid digital asset into your portfolio, that is backed by a major asset, and you’ll still receive all of the perks that come with other cryptocurrencies (like low transaction fees and fast transaction speeds). Find offerings on Tether (USDT) here, and TrueUSD (TUSD) here.
https://medium.com/@official_83664/how-and-why-to-buy-stablecoins-in-2020-46212a6546ab
How and why? how to buy it, you can buy it at an exchange that provides a stable pair of points at their place. Some exchanges do this to make traders switch to fiat when the market goes down to avoid a dump.
that's the reason why people have to buy stable coins, some don't use them either.
that's the reason why people have to buy stable coins, some don't use them either.
Nice article! I believe people buy and hold stablecoins for two reasons mainly,
1. Capital protection - stablecoin give peace of mind in this volatile market. If someone wants to have exposure on crypto market and want to protect the capital at the same time, stablecoins are the ideal choice.
2. Trading tool - majority of the day traders used to face a big challenge in calculating their trades within a very short peeiod of time. But to excel in trading, one needs to calculate their profitability veey quickly as the market is very dynamic. However, with stable coin, the calculation becomes very straightforward and can be done with just a glimpse at the order book.
For me, I mainly use USDT for trading because it gives me an opportunity to quickly calculate the profitability of an open trade. Only a day trader will understand the relief.
1. Capital protection - stablecoin give peace of mind in this volatile market. If someone wants to have exposure on crypto market and want to protect the capital at the same time, stablecoins are the ideal choice.
2. Trading tool - majority of the day traders used to face a big challenge in calculating their trades within a very short peeiod of time. But to excel in trading, one needs to calculate their profitability veey quickly as the market is very dynamic. However, with stable coin, the calculation becomes very straightforward and can be done with just a glimpse at the order book.
For me, I mainly use USDT for trading because it gives me an opportunity to quickly calculate the profitability of an open trade. Only a day trader will understand the relief.
Most people only use it for trading however I have a lot of friends which hold USDT for when they need to travel!
They use P2P marketplaces to get physical cash when they are in a country and the likes.
There are also so many people in war struck countries that want to hold the USD rather than there own currency, so USDT is great for them too.
Nice article! I believe people buy and hold stablecoins for two reasons mainly,
1. Capital protection - stablecoin give peace of mind in this volatile market. If someone wants to have exposure on crypto market and want to protect the capital at the same time, stablecoins are the ideal choice.
2. Trading tool - majority of the day traders used to face a big challenge in calculating their trades within a very short peeiod of time. But to excel in trading, one needs to calculate their profitability veey quickly as the market is very dynamic. However, with stable coin, the calculation becomes very straightforward and can be done with just a glimpse at the order book.
For me, I mainly use USDT for trading because it gives me an opportunity to quickly calculate the profitability of an open trade. Only a day trader will understand the relief.
1. Capital protection - stablecoin give peace of mind in this volatile market. If someone wants to have exposure on crypto market and want to protect the capital at the same time, stablecoins are the ideal choice.
2. Trading tool - majority of the day traders used to face a big challenge in calculating their trades within a very short peeiod of time. But to excel in trading, one needs to calculate their profitability veey quickly as the market is very dynamic. However, with stable coin, the calculation becomes very straightforward and can be done with just a glimpse at the order book.
For me, I mainly use USDT for trading because it gives me an opportunity to quickly calculate the profitability of an open trade. Only a day trader will understand the relief.
Most people only use it for trading however I have a lot of friends which hold USDT for when they need to travel!
They use P2P marketplaces to get physical cash when they are in a country and the likes.
There are also so many people in war struck countries that want to hold the USD rather than there own currency, so USDT is great for them too.
Stablecoins are good for the price stability.
But keep in mind the fiat is owned by a 3rd party. You are not safe if a disaster happen.
I wouldn't hodl any stablecoins except for short term trading.
But keep in mind the fiat is owned by a 3rd party. You are not safe if a disaster happen.
I wouldn't hodl any stablecoins except for short term trading.
Why stablecoins?
Stablecoins were initially invented as a way to combat the volatility of the cryptocurrency markets, and they’re doing a pretty stellar job of fulfilling their purpose.
So, how and why to buy stablecoins in 2020? It’s pretty simple: you’ll be incorporating a solid digital asset into your portfolio, that is backed by a major asset, and you’ll still receive all of the perks that come with other cryptocurrencies (like low transaction fees and fast transaction speeds). Find offerings on Tether (USDT) here, and TrueUSD (TUSD) here.
https://medium.com/@official_83664/how-and-why-to-buy-stablecoins-in-2020-46212a6546ab
Holding funds while market is not in favour is no good reason why stable coin is useful, its just same thing as using fiat to buy coins now that market is in red, another use case of stable coin is trading so i can say stablecoins are traders coin
for me the strongest reason to use stablecoin is to hold funds when market conditions are not favorable, because compared to hold but prices continue to fall then i will divert more funds with stablecoin and i'm sure some people will use a method like me too
Would have add a plus point if new projects can start paying bounty hunters in stable coin, apart from traders which i belief are the ones benefiting the most from stable coins i have no reason to hold them
There is something that makes me feel strange about that is backed by the major asset and how it is possible when almost all of the stable coins backed by the stable commodity that called as a fiat money?
There is another kind of stable coin just like crypto gold which is backed by gold.
Just use stable coin to get profit and secure it. Tether is not worth to buy anymore.
There is another kind of stable coin just like crypto gold which is backed by gold.
Just use stable coin to get profit and secure it. Tether is not worth to buy anymore.
Nice article! I believe people buy and hold stablecoins for two reasons mainly,
1. Capital protection - stablecoin give peace of mind in this volatile market. If someone wants to have exposure on crypto market and want to protect the capital at the same time, stablecoins are the ideal choice.
2. Trading tool - majority of the day traders used to face a big challenge in calculating their trades within a very short peeiod of time. But to excel in trading, one needs to calculate their profitability veey quickly as the market is very dynamic. However, with stable coin, the calculation becomes very straightforward and can be done with just a glimpse at the order book.
For me, I mainly use USDT for trading because it gives me an opportunity to quickly calculate the profitability of an open trade. Only a day trader will understand the relief.
1. Capital protection - stablecoin give peace of mind in this volatile market. If someone wants to have exposure on crypto market and want to protect the capital at the same time, stablecoins are the ideal choice.
2. Trading tool - majority of the day traders used to face a big challenge in calculating their trades within a very short peeiod of time. But to excel in trading, one needs to calculate their profitability veey quickly as the market is very dynamic. However, with stable coin, the calculation becomes very straightforward and can be done with just a glimpse at the order book.
For me, I mainly use USDT for trading because it gives me an opportunity to quickly calculate the profitability of an open trade. Only a day trader will understand the relief.
You might be pretty familiar with the cryptocurrency markets, but sometimes stablecoins can still feel a bit elusive. They’re a type of cryptocurrency that are designed to reduce price fluctuations. It’s essentially a coin which has its value pegged to another asset, like fiat. We’ll be taking a look at how and why to buy stablecoins in 2020. Let’s dive in.
What is a stablecoin?
Most people imagine stablecoins as a coin that’s connected to fiat currency, like the US dollar. While this may be the case for some stablecoins like Tether (USDT) and TrueUSD (TUSD), it’s not true for all of them. You can create a stablecoin that’s pegged to pretty much any asset, including precious metals, other cryptocurrencies, or even a combination of the two.
Ultimately, the goal of a stablecoin is for it to be worth the same as the asset backing it. So, a stablecoin that’s pegged to the US dollar, will always have its value sit at around $1.
https://www.youtube.com/watch?v=pppOXGkWRow
Why buy stablecoins?
A lot of people are enamored by the volatility of the cryptocurrency markets, but others find it pretty stressful. Maybe you fall somewhere in the middle: You’re a crypto-fanatic, but all of the volatility in the market gives you a headache.
Stablecoins allow you to stay in the crypto-game, while combating the (sometimes wild) price fluctuations that occur in this exciting industry.
Stablecoins also allow you to use fiat like crypto. They’re pegged to fiat, so it makes it pretty simple to invest USD on crypto exchanges. Stablecoins can also provide perspective to those unfamiliar with the way the cryptocurrency market works. Most people will want to compare crypto value to fiat prices, so they can use stablecoins to do so on exchanges that don’t support fiat.
Stablecoins also provide the security and low transaction fees that are indicative of the nature of the crypto asset market. Stablecoins are a great way to achieve fast and affordable transactions of fiat-like assets. You’ll have the speed and cheap transaction fees associated with crypto, and you’ll also know the value of the stablecoin you’re using is the same as the fiat (or other asset) that it’s linked to.
https://www.youtube.com/watch?v=LRmIEBYDyUM
How to buy stablecoins
Tether (USDT) currently has a market cap of $4,129,579,780, the fourth largest according to CoinMarketCap (at the time of writing). TrueUSD (TUSD) has a market cap of $161,707,769 USD at the time of writing. They’re both doing pretty well at the moment. Luckily, getting in on the how and why to buy stablecoins in 2020, also provides you with some insight into the buying process on Vertex.Market, a peer-to-peer marketplace where users can launch their own offerings. You’ll find both of the stablecoins available on the marketplace, with some pretty fantastic deals. Simply sign up, and do your thing. No KYC necessary.
https://twitter.com/blckchaindaily/status/1201990683332091910
Why stablecoins?
Stablecoins were initially invented as a way to combat the volatility of the cryptocurrency markets, and they’re doing a pretty stellar job of fulfilling their purpose.
So, how and why to buy stablecoins in 2020? It’s pretty simple: you’ll be incorporating a solid digital asset into your portfolio, that is backed by a major asset, and you’ll still receive all of the perks that come with other cryptocurrencies (like low transaction fees and fast transaction speeds). Find offerings on Tether (USDT) here, and TrueUSD (TUSD) here.
https://medium.com/@official_83664/how-and-why-to-buy-stablecoins-in-2020-46212a6546ab
What is a stablecoin?
Most people imagine stablecoins as a coin that’s connected to fiat currency, like the US dollar. While this may be the case for some stablecoins like Tether (USDT) and TrueUSD (TUSD), it’s not true for all of them. You can create a stablecoin that’s pegged to pretty much any asset, including precious metals, other cryptocurrencies, or even a combination of the two.
Ultimately, the goal of a stablecoin is for it to be worth the same as the asset backing it. So, a stablecoin that’s pegged to the US dollar, will always have its value sit at around $1.
https://www.youtube.com/watch?v=pppOXGkWRow
Why buy stablecoins?
A lot of people are enamored by the volatility of the cryptocurrency markets, but others find it pretty stressful. Maybe you fall somewhere in the middle: You’re a crypto-fanatic, but all of the volatility in the market gives you a headache.
Stablecoins allow you to stay in the crypto-game, while combating the (sometimes wild) price fluctuations that occur in this exciting industry.
Stablecoins also allow you to use fiat like crypto. They’re pegged to fiat, so it makes it pretty simple to invest USD on crypto exchanges. Stablecoins can also provide perspective to those unfamiliar with the way the cryptocurrency market works. Most people will want to compare crypto value to fiat prices, so they can use stablecoins to do so on exchanges that don’t support fiat.
Stablecoins also provide the security and low transaction fees that are indicative of the nature of the crypto asset market. Stablecoins are a great way to achieve fast and affordable transactions of fiat-like assets. You’ll have the speed and cheap transaction fees associated with crypto, and you’ll also know the value of the stablecoin you’re using is the same as the fiat (or other asset) that it’s linked to.
https://www.youtube.com/watch?v=LRmIEBYDyUM
How to buy stablecoins
Tether (USDT) currently has a market cap of $4,129,579,780, the fourth largest according to CoinMarketCap (at the time of writing). TrueUSD (TUSD) has a market cap of $161,707,769 USD at the time of writing. They’re both doing pretty well at the moment. Luckily, getting in on the how and why to buy stablecoins in 2020, also provides you with some insight into the buying process on Vertex.Market, a peer-to-peer marketplace where users can launch their own offerings. You’ll find both of the stablecoins available on the marketplace, with some pretty fantastic deals. Simply sign up, and do your thing. No KYC necessary.
https://twitter.com/blckchaindaily/status/1201990683332091910
Why stablecoins?
Stablecoins were initially invented as a way to combat the volatility of the cryptocurrency markets, and they’re doing a pretty stellar job of fulfilling their purpose.
So, how and why to buy stablecoins in 2020? It’s pretty simple: you’ll be incorporating a solid digital asset into your portfolio, that is backed by a major asset, and you’ll still receive all of the perks that come with other cryptocurrencies (like low transaction fees and fast transaction speeds). Find offerings on Tether (USDT) here, and TrueUSD (TUSD) here.
https://medium.com/@official_83664/how-and-why-to-buy-stablecoins-in-2020-46212a6546ab
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