Most stable asset or currency? - page 5.

rodel caling

full member

Activity: 952

Merit: 104

Quote from: Polo7 on October 09, 2019, 02:08:43 PM

What is the most stable asset or currency to keep value?

Its USDT?

Lets say i have today 50$ so where i should keep it? Eur? Usd? Pounds? Gold? Usdt?

Bitcoin is not, maybe in future but right now bitcoin has too high volatility.

All currency you said are stable aside from bitcoin yes of couse bitcoin is highly volatility than the fiat currency is stable because we their orice are cintrol by the government unlike bitcoin is nothing can control it their price value are depends on the demands. But investing or holding bitcoin is the best way to get interest earning if their price goes uprise than to keep,a lot of fiat we know they can't get huge of interest keeping into bank.

kooboat

member

Activity: 235

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BountyMarketCap

From experience and discussions, it is always recommended to keep some funds in a stable coin like USDT especially when you plan on short term holdings. It is always great that way to prevent losing money to the high volatility on the market. I guess Tether is the most popular stable coin on the market.

kawetsriyanto

legendary

Activity: 2226

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duelbits.com

Quote from: Polo7 on October 09, 2019, 02:08:43 PM

What is the most stable asset or currency to keep value?

Do you mean the most stable in price?
For old tokens, USDT and USDC are proven to keep the stability in price. However, those are only the example. I guess there are some others, just find out on CMC. Look at the price history.

Quote from: Polo7 on October 09, 2019, 02:08:43 PM

Lets say i have today 50$ so where i should keep it? Eur? Usd? Pounds? Gold? Usdt?

Bitcoin is not, maybe in future but right now bitcoin has too high volatility.

Why not Bitcoin? Are you afraid of the decline in BTC price?
If you want to take big profits, so you must dare to take risks. Volatility doesn't always mean a disaster. With volatility, everybody can gain big profits through big gaps in prices. As long as you understand how to play the game, then you must know that Bitcoin is still the best choice for investment or trading.

magneto

hero member

Activity: 1666

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Quote from: Polo7 on October 09, 2019, 02:08:43 PM

What is the most stable asset or currency to keep value?

Its USDT?

Lets say i have today 50$ so where i should keep it? Eur? Usd? Pounds? Gold? Usdt?

Bitcoin is not, maybe in future but right now bitcoin has too high volatility.

Do you really want to keep your assets long term in something that is only stable in the short term, but will imminently depreciate over the long run? That is the very nature of fiat.

Or would you rather put it in something like BTC which may be volatile in the short run, but has a capped market supply that will ever be available which means that it would be a much better long term store of value?

I know that I'd personally go with the second option. No matter what you do though, please don't keep any sum of money in USDT, TUSD or other stablecoins for more than a few months. You never know whether or not they are running a fractional reserve.

ryzaadit

legendary

Activity: 2660

Merit: 1261

I have a list you can used for a stable coin, You can use at the list bellow
Fiat USD :

USDT
USDC
TUSD
PAX

Honestly, I don't really recommend USDT (Tether) cause we can see their company had really few problems. Like an audit, the exchange, etc also a long time ago the value was descrese to 0.5$-0.7$ and back again to 1$ cause of that i don't really like to use USDT (Tether)

GOLD Stable Coin :

Gold Token

Since stable coin GOLD was really hard to find, cause almost all project who have a similar project for the purpose of GOLD Digital always failed delivered to the investor or community. I suggest you can try to see Gold Token, The token was really backed by gold and you can see the result of audit by Bullion Star.

cryptonx

sr. member

Activity: 1176

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Futurov

Quote from: Polo7 on October 09, 2019, 02:08:43 PM

What is the most stable asset or currency to keep value?

Its USDT?

Lets say i have today 50$ so where i should keep it? Eur? Usd? Pounds? Gold? Usdt?

Bitcoin is not, maybe in future but right now bitcoin has too high volatility.

to keep value in what buddy ?
because this forum is about bitcoin and other cryptocurrency and if you find a stable asset maybe USDT is the right choice now
but, what is the reason ? because if you investing on stable asset, the value of your money is same and never change my friend

leowonderful

legendary

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Bitcoin FTW!

Quote from: ?? on ??

USDT can maintain the quantitative value of your money but you may lose value in the long run due to rising inflation. If you plan to keep your money in the long term, I recommend you to invest in bitcoin or gold, because these assets will not easily lose value. Especially in the globalizing world, they will gain much value and protect your money in the long run.

Bitcoin's got a lot of great potential and I don't doubt that, but just as OP stated, it's extremely volatile at the moment and there are definitely better options to keep your money with at the moment. The same volatility that creates immense gains for holders is also the same volatility that causes some people to lose money.

I would suggest against keeping your money in stablecoins for extended periods of time, especially not with something like Tether. Tether's pretty shady in my eyes and I wouldn't risk keeping my money with them, though there's a case to be made with some other stablecoins like USDC. Keeping your money in straight fiat's the simplest option.

batang_bitcoin

hero member

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Why you're not taking bitcoin? so you just want to save that $50 for nothing and let it eaten by the inflation by considering putting it to fiat? if that's what you like, you have said it already. You have choices where you can go like stable coins and that's the most accurate cryptocurrency that you can choose. All of your choices can be your pick. But just to be wise, since it's not that much amount, I would keep it in bitcoin, sit and relax while watching the market's volatility. IMHO it's a good amount to take a risk.

djselery

legendary

Activity: 1386

Merit: 1001

Quote from: Polo7 on October 09, 2019, 02:08:43 PM

What is the most stable asset or currency to keep value?

Its USDT?

Lets say i have today 50$ so where i should keep it? Eur? Usd? Pounds? Gold? Usdt?

Bitcoin is not, maybe in future but right now bitcoin has too high volatility.

Are you talking about the crypto assets? If that's the case, I think USDT, DAI, and the other stable currencies are expected to keep their value compared to USD. If you have 50$ in USDT or DAI, for example, it's worth 50$ and it is predicted to keep this value.

Polo7

jr. member

Activity: 392

Merit: 7

What is the most stable asset or currency to keep value?

Its USDT?

Lets say i have today 50$ so where i should keep it? Eur? Usd? Pounds? Gold? Usdt?

Bitcoin is not, maybe in future but right now bitcoin has too high volatility.

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