Topic: Less Volatile Coins - page 5. (Read 1358 times)

nice of you that you have a supportive friend unlike to the friend i know that he did not share his crypto knowledge to us his friends but we did stand up on our own and now we are as good as him .

eth was once a good coin and a newbie friendly but now eth is now complicated  . we are lucky that we are early to know eth but for the new comers eth can be a little tricky  but theres more of those coins that have a potential not just eth  . less volatile coins are a perfect fit to the beginners

I was once a beginner investing in coins, I had doubts about investing in digital currencies I was afraid my money would be lost, I got a suggestion from a friend to buy Ethereum coins and save it and now I get a profit, my advice is a beginner to buy potential coins and you will benefit like me.

Stablecoins are just that, if you want not to have volatility, the safest thing is that you look for a project based on gold, any altcoin will depend solely on Bitcoin, and the volatility in those currencies will be much stronger than Bitcoin.

Some coins survive in the exchanges due to the practices of the Pump and Dump, but taking into account the events of this year, it is very difficult to find an altcoin with low volatility, they will always obey the movements of Bitcoin.

It is true that as a newbie, there are a lot of doubts about these fast movements since you never know what is happening or why is that happening. The best thing to do is just to invest and eat up your fear. When I first joined, I hesitated and instead of me buying at a three-digit price, I bought late when the price is already increasing. For now, bitcoin may be volatile but it could be anywhere in the near future rather than a USD.

So what's your point on investing on stable coins? since you might now get a return from it if you prefer to hold, But it coule give you a security if you don't want to get caught by volatility if your away. But you can also use that for your trades since its still have pairs on several exchange.

But you will miss the big opportunity of bitcoin once it pumps harder, try to see and read some articles on what happen on year 2017 and might it will get your interest on volatile coin but just select the top since this is most likely been chosen and have higher chances to revive back once the dump happens.

Actually OP is comparing bitcoins with stable fiat currency. Since the fiat currency is non-volatile, many people who are new to crypto currencies may find bitcoin to be very volatile. However who are using bitcoins and altcoins for some time, will know that bitcoin is the least volatile coin amoung all digital currencies.

If you need to invest in tether, it is better you keep your investment in fiat (US Dollar).  Also note that investing in Tether is risky, because it is not fully backed up. Not many people know about about this.

I never keep my funds in Tether.  Either i have bitcoins, altcoins or fiat currency.

You can see OP is a newbie when he starts talking about "volatile coins likebitcoin".

If you think Bitcoin is the volatile one you should spend some time in the altcoin section Bitcoin is actually one of the least if not the least volatile.

I keep telling you people taht stablecoins cannot be used as investments. You are better off investing on forex than trying to make money holding USDt.

You cannot earn profit with the use of the movement of the volatile if you make an investment with a stable coin. The trading on this becomes nonsense because there is no movement. Also if you want to have a less volatile coin mostly they are the centralized coins and the people who have a lot of investments are the only can possibly make a large movement of uptrend or downtrend.

If you want to avoid the risk it's better to store your funds with the bank by this you don't need to worry about getting volatile.

You can invest on less volatile coin if only you can carry out your personal research to know the less volatile coin to invest.
I guess bitcoin should be the less volatile you can invest your coins which it hard to lose profit at the end of the investment. As a newbie like you, you will found some newbie, who are into volatile coins to take the risk and start making profit in the investment.

Worse, it's like putting dollars in shady sal's back alley bank and getting credited SalDollars in return, which can at most be redeemed 1:1 for real dollars, -- if you can track down Sal and convince him to do the redemption.

Foreign exchange could make you money or at least hedge a liability...  tokenized USD?  That's just fiat with extra risks. To the extent that there is any use for it at all, if you had a use you'd know it and wouldn't be asking about it here.

Investing in usdt? That's like converting pounds to dollars hoping you'll get a profit.
Unless you lend usdt, your not gonna make money on that (Binance has 6-8% apr on usdt fyi)
Note that the more volatile the market, the more you can make money out of it. No asset can give you a return unless it's volatility is more than 0

Then you are not investing. If you want to invest, then you need to realize that there is such a thing as 'the higher the risk the higher the return.' It does not happen with Tether or Gemini USD because those two are stable coins. Literally, their value is stable which is pegged on the USD. So nothing will happen with your investment in those two coins. It is not even investment. The value of those two coins are equivalent to fiat. They are like fiat also.

With BTC, the price is volatile that is why there is a potential profit. There is no profit if there is no rise and fall of prices.

Volatility isn't about loosing your funds, it also gives you chances to get profit. Anyway, volatile coins are associated with higher risks. You should consider what do you invest for? If you are seeking for stability, take a glance at stablecoins pegged to precious metals.

If you want to own Bitcoin (for its multitude of benefits) but are worried about taking on extreme losses,  you can buy put options to insure your bitcoin.

So for example:

Right now you can buy 1 BTC for $10708 and stash it safely in a secure wallet.  You could also buy 1 BTC worth of 12/18/2020 (roughly 3 months out) $7500 strike BTC puts for $278 on LedgerX.

If three months from now the BTC price holds steady or goes up, then your puts will expire worthless-- like when you pay for insurance on your house and it doesn't burn down. Then you buy new puts, dated 3 months out.  So you'd end up paying around thousand bucks a year or whatever for that level of crash protection.

If the BTC price crashes to $7500 or below then on the expiration date, you execute the put and get $7500 for your *whatever the current price is*.  So if the price drops to $5000.  You execute, you get $7500. If you wanted you could buy back the bitcoin and get 1.5 BTC.

If you get tired of holding the insurance -- perhaps you sell your bitcoin or feel less concerned,  you can sell your put contract for whatever its worth at the time.  (potentially more than you paid for it if BTC went down enough-- less if it went up or stayed stable).

You can pick the strikes and dates you want to adjust your risk tolerance vs what you're willing to pay for insurance.

Right now, 12/18/2020 puts at $5k are available at $148/btc,  7.5k at $278/btc, and 10k at $1200/btc on LedgerX.  Perhaps they'd trade at better prices if you left a standing ask.   LedgerX contracts trade in 1/100th of a Bitcoin increment.   If in the future bitcoin is less volatile it'll cost less to protect your position this way,  if it becomes more volatile it'll cost more.

If this makes sense for you depends on your particular finances and risk tolerance.  If you're assuming Bitcoin is going to go way up then you could imagine buying this protection is just throwing money away-- but if the fear of losing money is keeping you from owning Bitcoin at all, then the cost of hedging it may itself be a very good decision even if the prices do go up a lot.

Of course, doing this exposes you to some risk in using a centralized platform e.g. they could get goxed... but w/ this strategy you only have the put you bought there-- your Bitcoin can be safely stored privately, in your own possession, offline.

Personally, I'd take the other side of these sorts of trades because I'm not worried about Bitcoin volatility. But everyone's situation is different and I think it's completely reasonable for people to buy low-strike puts for hedging purposes.  Shuffling around risk to parties that are more tolerant is a natural economic win/win.

So your talking about stable coins then its your choice because profitability scale level or aspect will always vary on the volatileness or movement of such coins and thats the perfect recipe on making money.
For those people who dont like the risky side of things then they do stick into those stable ones which i dont really see the point on why theyre here on crypto if they can just simply engage theirselves with
stocks and forex etc. Losing funds is just always been part of the game and if you cant bare it out then better skip out and do nothing at all.It would be good if you do just stick with those traditional
investments that i had said earlier.Somehow, dealing with a very volatile coin will have corresponding cons but if you can deal with it then its your choice.Trading out a market without even barely some movement
is just boring as hell.

Despite its volatility, Bitcoin is a good investment option.
If you live in a country that has inflation, you could invest in Tether or in any stablecoins of the profits obtained by bitcoin.
There is an expectation of a potential bulling scenario for Bitcoin at present. So the bitcoin community is aware of it. Whoever can buy more Bitcoin will do so because this is the time.

https://www.google.com/amp/s/cointelegraph.com/news/top-traders-debate-future-of-btc-after-bitcoins-price-drops-to-86k/amp

I also think that you should know more about the crypto market and the exchange platforms that can teach you to earn additional rewards.
Binance always has contests and rewards where you can win some coins. There are also other exchange platforms that encourage users to win with these contests and this is an opportunity to learn how to invest in cryptocurrencies.

Maybe for starters in crypto, they can invest in stable coins just to learn how crypto transactions work. But since it is stable coin, there's no profit form this. And then, they can move on to known crypto like btc or eth. At least, with btc/eth, you know that they will not disappear and has strong market presence. Avoid pump and dump coins, but only experienced traders can spot these pnd coins. Give it time, and the OP will learn more about crypto trading and how to avoid losses.

If you would like to make more profit better to choose the Bitcoin than having these stable coins. Have you thought that these stable coins will increase their market value? No, it won't and you can be expecting that it gives you more profit. Bitcoin prices will rise anytime, unlike what stable coins can do.

I know that nothing pushes you because that is your choice but I would like also to highlight that better understand the sentiment that these stable coins have their returns. That is why many investors are focusing on Bitcoin because they see and know that this is a profitable asset than any others.

This is well explainatory