If you stick some stablecoin funds in NEXO, they give you 8% INTEREST APR and they pay the interest in your NEXO account daily. This is very good if you have some Tether or other stablecoins they accept on their platform just sitting there doing nothing. Say for example you have 10k USDT sitting, you can upload to NEXO in your account and earn 800 USDT interest. Does any bank give you that kind of return? I think it is a veyr good rate of return and passive style of incoem for anyone with extra stablecoins.
I must say, the rates are highly impressive. The interest returned is actually a big number. Well, no bank is that kind and generous but then again, banks are systems that do not need to make their way in this world. Stablecoins are concept. They need to work hard to get into the market. For luring investors, such high interest values are more than enough. To be very honest, there is nothing wrong with holding them either. Good opportunities should be availed. 
Topic: How to make money by stablecoin (Read 428 times)
If you stick some stablecoin funds in NEXO, they give you 8% INTEREST APR and they pay the interest in your NEXO account daily. This is very good if you have some Tether or other stablecoins they accept on their platform just sitting there doing nothing. Say for example you have 10k USDT sitting, you can upload to NEXO in your account and earn 800 USDT interest. Does any bank give you that kind of return? I think it is a veyr good rate of return and passive style of incoem for anyone with extra stablecoins.
Some platforms offer support for stub price of stablecoin by other assets, for example platinum, gold, diamonds. Often, on these platforms is charged for storing your stablecoin with small annual percent.
Is it staking? If it is, it is the only way to make money out of stablecoins.
Unlike in ordinary cryptocurrency which we can use to trade for short or long term trading to make a profit due to its volatility.
It's very small but that's the only way to make money from the stable coin. That's so easy to understand about that.
We all know that stable coin maintain their price all time.
My question is if they maintain their price 1$ all timr.
How they make money..
And how users or investors make profit by stablecoin.
Please express your own opinion about it..
Thanks in advance
My question is if they maintain their price 1$ all timr.
How they make money..
And how users or investors make profit by stablecoin.
Please express your own opinion about it..
Thanks in advance
Put yourself in a situation where you bought $1,000 worth of USDT. That's 1,000 USDT. Now start using your brain. Does owning and holding 1,000 USDT gives you profit in order to increase your $1,000 worth of investment?
In order to gain profit you obviously need to trade or invest using your 1,000 USDT. It's like asking if you can catch a fish without going fishing. May Oden grant you op with common sense.
Common sense is hard to find in this day and age.
Stablecoins have a (on average) guaranteed value loss of 2-3% or much more in case of hyperinflation.
Bitcoin has a coin emission halving every 4 years, supply of newly mined coins cut in halve.
Cryptocurrencies were created to be an alternative to this banking system and we can choose democratically, whether we use it or not.
People talk about how they would actually lose money by holding stablecoin and how investors can't make money with stablecoins but they are forgetting about the trading chances the stablecoins create. Sure you can't make money by "holding" stablecoins, that is not possible but if you have 1000 usdt and buy bitcoin at 7k then sell it at 10k and get usdt and then buy it again at $8k you have used stablecoins to make money.
If you can do it with fiat directly and have an exchange that allows you to buy and sell crypto with fiat directly then you don't need stablecoins for sure but places (specially exchanges with ton of altcoins) can't really allow you to do fiat trades directly which is why they have options of stablecoins where you can use them instead of fiat.
If you can do it with fiat directly and have an exchange that allows you to buy and sell crypto with fiat directly then you don't need stablecoins for sure but places (specially exchanges with ton of altcoins) can't really allow you to do fiat trades directly which is why they have options of stablecoins where you can use them instead of fiat.
Although stablecoin aren't might for investment opportunity to gain return on investment, you can still profit (to use your exact words, 'make money from them') on rare occasion like when the value of the stablecoin falls below it's stable form ($1). This is a very risky investment decision so you should applied caution as the possibilities of loosing all your funds is very high if the stablecoin doesn't recover.
Some stablecoin (most especially USDT) experience down times when the value of the stablecoin decrease due to fud cause by manipulation or foul practices. You can gamble on the possibilities of it returning to it's stable form (which it usually does) and buy the stablecoins. It have happened on numerous occasions that the price of USDT falls below $1 and returns back to $1 or rises few cents above $1. To profit from stablecoins in this situation, you'll need large capital because it wasn't created as an investment vehicle instead as a store of value to minimize losses in bear market conditions.
Yes, because basically Stablecoin is not devoted to investment. But with other utilities such as fast transactions with low costs, it can also be used in trading strategies and safeguarding assets when the market is not conducive, etc. If we only use Stablecoin without other sales strategies, it is not investing but saving because there will be no significant change in value. Some stablecoin (most especially USDT) experience down times when the value of the stablecoin decrease due to fud cause by manipulation or foul practices. You can gamble on the possibilities of it returning to it's stable form (which it usually does) and buy the stablecoins. It have happened on numerous occasions that the price of USDT falls below $1 and returns back to $1 or rises few cents above $1. To profit from stablecoins in this situation, you'll need large capital because it wasn't created as an investment vehicle instead as a store of value to minimize losses in bear market conditions.
You can make profit with stablecoins depending on which pair you trade with. It does not make sense to hold or earn with other tactics. Instead trading with the USD itself would be more profitable.
You can try to trade stable coins, for example when 1 Tether goes below 1USD there is very big chance that price will come back to this level again.
The price can usually change 0.01%, so millions of dollars are needed to make a profit from this kind of trade. This can only be a waste of time. 
You can try to trade stable coins, for example when 1 Tether goes below 1USD there is very big chance that price will come back to this level again.
Or you can give your stablecoins to a NEXO platform and they will give you up to 8% interest per year.
Or you can give your stablecoins to a NEXO platform and they will give you up to 8% interest per year.
You can make money with stable coins by trading in BTC/USDT. This is not rocket science anymore, if you have been in the bitcoin market all there is is the pair BTC/USDT, look at here https://coinmarketcap.com/currencies/bitcoin/markets/
This is because the fluctuation is to be monetized thru the use of stablecoins by trading. Buy BTC ith USDT in low price and then sell BTC when price is high, if your USDT increases that means profit.
First of all, they are making money on commission fees, for each transaction, you are paying a certain fee which go straight to them. Secondly, a lot of stable coins are not completely backed by fiat money, so they are releasing tokens and buying crypto.
at least price movements will always happen even though it is a stable coin, so making money from stable coins is actually almost impossible because profits and slow movements are what make you difficult. so in this case a stable coin will only be appropriate if it is adopted as a means of payment and those who are mining to make profit from this coin
Some platforms offer support for stub price of stablecoin by other assets, for example platinum, gold, diamonds. Often, on these platforms is charged for storing your stablecoin with small annual percent.
Is it staking? If it is, it is the only way to make money out of stablecoins.
Unlike in ordinary cryptocurrency which we can use to trade for short or long term trading to make a profit due to its volatility.
Some platforms offer support for stub price of stablecoin by other assets, for example platinum, gold, diamonds. Often, on these platforms is charged for storing your stablecoin with small annual percent.
If you think that stable coin is an investment place then you're wrong about it. It is like money fiat, when you store in any safe place then in a few years a head the value of them will be same. Its function just store your money safely ( as a of store value) and it is different with cryptocurrency which is have a high volatility price.
But there is a function of it for crypto user, you can use it as trading pair when you are trading. I also recommend to use it when you trade, at least it will safe your money when the crash is coming. Other than that, you can use it as a sending money tool especially for sending money to different countries. You can cut a shipping cost compared when you use WU or etc because its fees is really high.
But there is a function of it for crypto user, you can use it as trading pair when you are trading. I also recommend to use it when you trade, at least it will safe your money when the crash is coming. Other than that, you can use it as a sending money tool especially for sending money to different countries. You can cut a shipping cost compared when you use WU or etc because its fees is really high.
Stable coins are not like regular crypto wherein the value fluctuates often and I don't think there are much earning opportunities through stable coins as it used to pair while trading and covert our crypto asset during trading or validly situation wherein we don't want our asset to be affected by dump or bearish market and that's the way stable coins benefits the user and when it comes to Dai I am not sure how beneficial it can be as it shares interest with users but I have not used it I use tether stable coin for converting my assets. Stable coins are not created for the purpose of investment by users.
We all know that stable coin maintain their price all time.
My question is if they maintain their price 1$ all timr.
How they make money..
And how users or investors make profit by stablecoin.
Please express your own opinion about it..
Thanks in advance
You can't make money of stable coin, the only thing stable coin is good for is trading, retaining the price of token by changing to stable coin and when token loses value you can buy back which will gove you higher quantity due to price drop My question is if they maintain their price 1$ all timr.
How they make money..
And how users or investors make profit by stablecoin.
Please express your own opinion about it..
Thanks in advance
We all know that stable coin maintain their price all time.
My question is if they maintain their price 1$ all timr.
How they make money..
And how users or investors make profit by stablecoin.
Please express your own opinion about it..
Thanks in advance
My question is if they maintain their price 1$ all timr.
How they make money..
And how users or investors make profit by stablecoin.
Please express your own opinion about it..
Thanks in advance
Put yourself in a situation where you bought $1,000 worth of USDT. That's 1,000 USDT. Now start using your brain. Does owning and holding 1,000 USDT gives you profit in order to increase your $1,000 worth of investment?
In order to gain profit you obviously need to trade or invest using your 1,000 USDT. It's like asking if you can catch a fish without going fishing. May Oden grant you op with common sense.
Common sense is hard to find in this day and age.
Stablecoins have a (on average) guaranteed value loss of 2-3% or much more in case of hyperinflation.
Bitcoin has a coin emission halving every 4 years, supply of newly mined coins cut in halve.
Well, this is the same as trading altcoin/btc so that stablecoin can profit?
It's similar but not same, why? Because we can say that we "invest" in an altcoin and cross our fingers so it can go to "the moon."If we put our money in a stablecoin, it's called saving. The only way you can get a profit from a stablecoin is by putting it in some kind of investment plan, such as DeFi, exchanges, casinos, etc.
yes, I agree with the man above. that using stable coins is the same as saving money in crypto as a savings goal. different story if you save for profit then like btc, eth or other top coins, like the points I said before
https://bitcointalksearch.org/topic/m.53108192
but in this case, I'm not saying if a stable coin will not be profitable for investment.
Basically we know stablecoins does not add in vallue but one can make profit in trading them across with bitcoin or other pairs with altcoins. Apart from this, I can't think of any other way to make money with a stable coin
Well, this is the same as trading altcoin/btc so that stablecoin can profit?
It's similar but not same, why? Because we can say that we "invest" in an altcoin and cross our fingers so it can go to "the moon."If we put our money in a stablecoin, it's called saving. The only way you can get a profit from a stablecoin is by putting it in some kind of investment plan, such as DeFi, exchanges, casinos, etc.
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