Topic: Stablecoins or Fiat? - page 4. (Read 477 times)
to protect myself from the volatile crypto market, maybe i will take stablecoins like usdt to protect my assets from the volatile market. because i can't rely on my country's currency which is currently unstable due to political turmoil and i don't want to risk my assets losing value due to this. so choosing usdt stablecoin might be the best choice, since it's more stable and i can convert it faster on an exchange if i ever need to.
To be on the safer side, I prefer going both ways in order not to make a great mistake. Like the way my local currency value is fluctuating, I can't take the risk of saving all in fiat.
Aside from holding a few cryptos like the ones I trust to hold for a long , I prefer to hold much of the stablecoin, which is pegged to the USDT, than my local fiat.
The USDT has been gaining value over my currency, which saves me a lot when the value reduces, and also puts me on the safer side in case my local currency gains value over the USDT.
Aside from holding a few cryptos like the ones I trust to hold for a long , I prefer to hold much of the stablecoin, which is pegged to the USDT, than my local fiat.
The USDT has been gaining value over my currency, which saves me a lot when the value reduces, and also puts me on the safer side in case my local currency gains value over the USDT.
When planning to protect yourself against volatile crypto market prices, which type of currency do you prefer? A stablecoin, or a traditional Fiat currency (USD, EUR, JPY, etc)? Why did you make that choice? Would you prefer holding either currency long-term? Or crypto is better for that?
Your input would be greatly appreciated. Thank you.
Your input would be greatly appreciated. Thank you.
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