Less Volatile Coins - page 7. | Bitcointalksearch.org

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: laycon on September 23, 2020, 09:28:23 AM

I am a newbie on this forum and I have read my posts that people complaining how they lost their fund as a result of investing on Volatile coin like BTC. Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.

They are not investments. Those stable coins means nothing as an investment if that's what you're thinking.
There is no risk and volatility with those coins as if you're just holding a plain cash such as USD.

DdmrDdmr

legendary

Activity: 2338

Merit: 10802

There are lies, damned lies and statistics. MTwain

Quote from: laycon on September 23, 2020, 09:28:23 AM

<…>

In your posting history, you state that you’ve got a 15 year Track of betting, having at some point reached a dire situation. One of your betting tips on your posting history states "#5. Only stake on sport you have adequate knowledge of and never add emotions to it". That kind of applies here too.

Considering stable coins as a potential means of investment, rather than stepping stones, means that you still need to get to know what they are really for (besides the risks they may entail), and that it is mandatory to do some considerable legwork before embarking on risky cryto investments. No risk, no ROI though …

seoincorporation

legendary

Activity: 3290

Merit: 3092

Quote from: laycon on September 23, 2020, 09:28:23 AM

I am a newbie on this forum and I have read my posts that people complaining how they lost their fund as a result of investing on Volatile coin like BTC. Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.

I wouldn't say that's an investment, holding Tether is like holding dollars, the prize will not change, so, to have money doesn't mean we are investing.

If you want to invest then you have to select a coin who could give you some revenue with time, that's how it works.

BrewMaster

legendary

Activity: 2114

Merit: 1293

There is trouble abrewing

Quote from: laycon on September 23, 2020, 09:28:23 AM

I am a newbie on this forum and I have read my posts that people complaining how they lost their fund as a result of investing on Volatile coin like BTC.

you don't ever lose money by only "investing" in bitcoin, all the losses come from investing in an altcoin as they dump in the long term or when people try to "trade" cryptocurrencies and make profit from that volatility.
trading means buying and selling constantly to make profit in the difference. it requires a lot of experience and knowing when the market is good for trading and a little bit of luck. obviously many who complain have none of these.

Quote

Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.

assuming you live in US do you think you can invest in US dollar? that doesn't make sense because the value of US dollar is the same $1=$1 and it is the same with these "stable" coins, 1 Tether = 1 Tether = 1 USD. so there is nothing to "invest" in.
also these altcoins are centralized and highly risky because at any moment their value can drop down to 0 and no longer be 1 Tether = 1 USD and be 1 Tether = 0 USD.

akhjob

sr. member

Activity: 1050

Merit: 416

Buy Bitcoin

Quote from: laycon on September 23, 2020, 09:28:23 AM

I am a newbie on this forum and I have read my posts that people complaining how they lost their fund as a result of investing on Volatile coin like BTC. Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.

Putting your money on Stable coins like Tether and Gemini USD without any price appreciation is more like staying in Fiat USD and is more riskier than staying in Fiat. So I advice you to better stay in Fiat USD, if you are worried about the price volatility in Bitcoin.

Jawhead999

legendary

Activity: 1708

Merit: 1187

DGbet.fun - Crypto Sportsbook

Both Tether and Gemini USD is centralized stablecoin, not sure why you choose them to invest.

Quote from: laycon on September 23, 2020, 09:28:23 AM

I am a newbie on this forum and I have read my posts that people complaining how they lost their fund as a result of investing on Volatile coin like BTC. Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.

True, some people complaining about volatility. In the future you will complaining why your coin will get freezed [1] Roll Eyes

Even your wallet doesn't have problem, but you can't withdraw anything and you'll lose all your coins.

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

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

If you want less volatile coin, bitcoin should be the first to come to your mind, altcoins have been the type that are more volatile. But, with the marketcap of bitcoin, it is undoubtedly the best out of the cryptocurrencies. Tether is not a high volatile coin, neither is tether a low volatile coin, tether is referred as a stable coin. I still do not get how you will invest in a stable coin like tether. I will still always prefer DAI which is more trust worthy, but stable coin can not give me the kind of profits I have gained while investing in bitcoin.

zasad@

legendary

Activity: 1876

Merit: 4532

Quote from: laycon on September 23, 2020, 09:28:23 AM

I am a newbie on this forum and I have read my posts that people complaining how they lost their fund as a result of investing on Volatile coin like BTC. Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.

I don't really understand why invest in stablecoins?
Stablecoins are bought to trade on cryptocurrencies, but now many exchanges allow trading in fiat / cryptocurrency pairs.
Read this thread, here you will find many helpful tips and titles of books to read
https://bitcointalksearch.org/topic/interviews-with-bitcointalk-members-5262967

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Well, about newbies in the world of cryptocurrency I have to say that the following phrase is reasonably confirmed: The higher the risk, the higher the reward.

Yes there are tons of people that lost money, investing on bitcoin. You want my advice? Don't invest in something you don't understand. If you do understand it, then you have to make up some things in your mind like, should I invest on a centralised coin? Do I need money fast? Did cryptos have a -5% loss past week? For example, did you know that those you mentioned are stable coins and they are made for this purpose?

If you did consider these things then you must know what to do. Adjuct risk and reward and get the greatest possibility.

Trading isn't a sport. Neither maths.

laycon

member

Activity: 154

Merit: 10

I am a newbie on this forum and I have read my posts that people complaining how they lost their fund as a result of investing on Volatile coin like BTC. Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.

Topic: Less Volatile Coins - page 7. (Read 1358 times)