Is there any limit or holding stable coins.....? Any risk of hodl the max coins? - page 2.

maydna

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Quote from: hamaravijay on July 10, 2020, 12:07:26 PM

What about other stable coins like binance usd...........?
I mean normal coins are not stable so if we hold some stable coins so we can buy some other crytp coins in future what you say.....?

Thanks!

I guess binance USD will be the same as USDT because those coins are stable coins. I think you can hold stable coins for some time if you want, so when the bitcoin or altcoin reaches a low price, you can directly buy that coin, and then you can hold it to make a profit in bitcoin or usdt. But I don't think it is advisable to hold a lot amount of stable coins for a long time because I don't know what will happen if you want to withdraw stable coins to your bank. I think it is okay if you want to hold some amount of stable coins, but it will be better to use it to buy bitcoin or altcoin and hold it in bitcoin form. But we have a different reason why we hold bitcoin or stable coin.

hamaravijay

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Quote from: Wexnident on July 10, 2020, 10:15:02 PM

Why would you even store it as stable coins? If you weren't going to buy any crypto's and would only buy it, later on, might as well buy it straight later on as crypto, instead of buying stable coins right now. Besides, if the governing body of the said stable coins were to suddenly have an issue crop up, say, legal issues, you're money would basically be frozen there and then, and I doubt you'd be able to retrieve it successfully. Here's the thing, just hold it as Fiat if you aren't going to buy crypto.

Additionally, is there even a reason for hodling stable coins? Crypto, yes, for the future because they think of it as an investment so hodling it is completely understandable, but stable coins? Just buy some if you need it if you don't just let it sit as regular ol dollar.

I want to hold stable coins for this reasons

Now for example take ethereum as best example.

In november 2016 the price of ethereum is $10 per coin.

Next the coin increased to $1400 in november 2017 or january 2018 right.

So if i invested in ethereum in 2016 november the total coins are 1200.

So if i sold in 2018 the calculation 1200 x $1400 = $1680000

Now let us say if i convert them in stable coins why.......?

Now let us say ethereum coin has decreased its price after pump to less then $100 or $150 so at that time i like to buy the ethereum with stable coin i means i want to use the process of reinvesting.

The above all things are only example i have not hold any large amount of coins in stable but in future i want to follow this reinvest future but is this good or bad........?

Not let us say if i have 100K in stable coin like binance is good...?

Thanks!

ololajulo

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If I get the OP right on holding max number of token, it could mean been a whale of such token. Every whales need a proper management of his bag, either a stable coin or bitcoin. Moving 20-40% of any token to exchange for sale could cause a scare for every trader, though some might have a temporal implication in a buying market, if such token are not adequately distribute into bags it could also cause similar dump from a careless bag holder. Thats the reason most new coin having large percentage in possession of team can always be involved in dump if they are too greedy and careless.

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Quote from: hamaravijay on July 10, 2020, 11:48:16 AM

Quote from: ethereumhunter on July 10, 2020, 11:36:50 AM

I think there is no limit to hold stable coins, and you can hold as much as you want. And if you have much usdt in your wallet, I think you can buy bitcoin and other potential coins at a low price, so you will have a chance to make a profit in the future. If you only hold usdt, you will not see the opportunity for profit because usdt price is not up and down too far, and only bitcoin and altcoin will have that chance. But that will be up to you, and if you choose to hold bitcoin or altcoin, you need to know the risk.

Yeah i can understand your version but i mean after selling the coins iam asking to hold for small duration of time ofcourse i know to buy the coins i mean to invest the coins when they are low using stable coins.

Iam asking here is after selling how much coins can i hold for small duration of point or for withdrawl to the bank.

Thanks!

Since we don't know why they are blacklisting the wallet I think its still safe to have many of it. Do you ever have a plan to have more than 100k of stable coins? If so then you need to know the reasons why they are blacklisting the wallet and complain from the owner of that wallet if it's from legitimate source.

As long as you know you don't do anything bad or never used others people money in your investment and you have legitimate source to earn that amount idont see any reasons why they will block your wallet or address.

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The risk may come anytime if you are holding that in an exchange wallet. The exchange might suddenly suspect your account and ask you documents and other supports that would clearly prove that all the money you've got came from a fully legal source. A little failure to do this would mean your funds will be frozen forever.

And why would hold a big amount of funds in stablecoins?

Wexnident

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Why would you even store it as stable coins? If you weren't going to buy any crypto's and would only buy it, later on, might as well buy it straight later on as crypto, instead of buying stable coins right now. Besides, if the governing body of the said stable coins were to suddenly have an issue crop up, say, legal issues, you're money would basically be frozen there and then, and I doubt you'd be able to retrieve it successfully. Here's the thing, just hold it as Fiat if you aren't going to buy crypto.

Additionally, is there even a reason for hodling stable coins? Crypto, yes, for the future because they think of it as an investment so hodling it is completely understandable, but stable coins? Just buy some if you need it if you don't just let it sit as regular ol dollar.

Ucy

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Just seeing this for the first time. I saw one about a stablecoin called USDC, probably yesterday or so. I guess that's what you are referring to instead of USDT?
Edit: noticed from the link it happened to tether too, right?

Well, better to use well decentralized, censorship resistant and immutable coins to be pretty safe from getting similar blacklisting once you store your coins longterm and control your keys.

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Quote from: hamaravijay on July 10, 2020, 08:11:56 AM

Is there any risk of holding the maximum stable coins.

You've just listed some horrific risks.

There is absolutely no way I would ever store a large amount of money in a stablecoin for any period of time. You are entirely dependent on the competence and good will of the one single operation running it.

If they go, so does your money. No one else is going to bail you out. You do not have dollars with them. You have a piece of code that represents an agreement regarding the dollar they may well lose.

These companies are also incredibly paranoid about preserving their position so will be desperate to please any authorities that hassle them.

There are enough exchanges with real dollars. Use those instead. For the sake of a small trading and transfer fee you might be saving the entirety of your funds.

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Quote from: hamaravijay on July 10, 2020, 12:07:26 PM

What about other stable coins like binance usd...........?
I mean normal coins are not stable so if we hold some stable coins so we can buy some other crytp coins in future what you say.....?

Thanks!

at least they backed by real company,its fine already,until now,i still dunno who behind the USDT,and probably mostly crypto addict have the same question.

hamaravijay

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Quote from: ReiMomo on July 10, 2020, 11:57:25 AM

If you want profit of holding cryptocurrency, stable coins no make sense if you are holding this.

People say that stable coin like USDT is not safe to hold, because they are not back up by the dollar, also there is news I heard USDT can be manipulated. I saw a thread that there someone asking if USDT is trusted, Do you trust USDT?, I guess you can get a further idea about why you did not trust stable coins.

If you're going to ask me, I won't hold a stable coin at all, they seem not to be trusted due to their past trust issue.

What about other stable coins like binance usd...........?

I mean normal coins are not stable so if we hold some stable coins so we can buy some other crytp coins in future what you say.....?

Thanks!

ReiMomo

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If you want profit of holding cryptocurrency, stable coins no make sense if you are holding this.

People say that stable coin like USDT is not safe to hold, because they are not back up by the dollar, also there is news I heard USDT can be manipulated. I saw a thread that there someone asking if USDT is trusted, Do you trust USDT?, I guess you can get a further idea about why you did not trust stable coins.

If you're going to ask me, I won't hold a stable coin at all, they seem not to be trusted due to their past trust issue.

hamaravijay

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Quote from: ethereumhunter on July 10, 2020, 11:36:50 AM

I think there is no limit to hold stable coins, and you can hold as much as you want. And if you have much usdt in your wallet, I think you can buy bitcoin and other potential coins at a low price, so you will have a chance to make a profit in the future. If you only hold usdt, you will not see the opportunity for profit because usdt price is not up and down too far, and only bitcoin and altcoin will have that chance. But that will be up to you, and if you choose to hold bitcoin or altcoin, you need to know the risk.

Yeah i can understand your version but i mean after selling the coins iam asking to hold for small duration of time ofcourse i know to buy the coins i mean to invest the coins when they are low using stable coins.

Iam asking here is after selling how much coins can i hold for small duration of point or for withdrawl to the bank.

Thanks!

ethereumhunter

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I think there is no limit to hold stable coins, and you can hold as much as you want. And if you have much usdt in your wallet, I think you can buy bitcoin and other potential coins at a low price, so you will have a chance to make a profit in the future. If you only hold usdt, you will not see the opportunity for profit because usdt price is not up and down too far, and only bitcoin and altcoin will have that chance. But that will be up to you, and if you choose to hold bitcoin or altcoin, you need to know the risk.

hamaravijay

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I have seen some usdt holder coins have black listed.

This black list done due to scams run by the holders of udt..?

Or due to increase holding limit of the usdt......?

I mean they have banned nearly 990K coins of usdt.

Below are the references.

https://www.coindesk.com/circle-confirms-freezing-100k-in-usdc-at-law-enforcements-request

https://cointelegraph.com/news/tether-blacklists-39-ethereum-addresses-worth-over-46-million

https://twitter.com/ercwl/status/1281230932796719104

I don't have any maximum Grin

But in future i want to hold more usdt i mean like stable coins is there any limit of holding the stable coins....?

Is there any risk of holding the maximum stable coins.

Thanks!

Topic: Is there any limit or holding stable coins.....? Any risk of hodl the max coins? - page 2. (Read 267 times)