Topic: What are the trusted stablecoins to save money long-term? - page 2. (Read 388 times)

Saving money on stable coins, big no for me, I would never dare do that, saving money is only good if you put it in the bank, at least you can earn some interest and  you can go after the bank as you can see their physical business and you can ensure they really have the money since they are regulated by the government.

Try to evaluate your decision OP, you might learn your mistakes the hard way.

Invest rather in BTC or potential altcoins you like, except stable coins of course as they are not an investment.

^ The only I know is USDT coin but as I heard this is not safe in holding long term. Some of the altcoins can be safer than the rest however saving it in any stable coin for the long term I will also agree with the others of withdrawing it in cash instead. Depositing your money in the bank may be subjected to a tax however the risk of losing it will be reduced as well instead of leaving it in the crypto space. Saving your money in a bank may give you low profit or interest but if you will not have any eyes on your stable coins for the long term you may have no idea what may happen on your coins which is on the risk of losing it unknowingly.

USDT, BUSD ... these are the safest stablecoins that you should choose. But I recommend not holding altcoin in the long term because it will not bring you profit. Should choose to hold Bitcoin or some of the top altcoins in this market

If you want to safe money for a long term I recommend switching your coins back to Fiat, they are more safer this way than using stablecoin, usdt is centralized and that's what makes it more dangerous but you can find other decentralized stable coins too, do your own research

I can't keep my fund in stable coin for too long. I don't have absolute trust on them like I have always trusted my ailng fiat. I only use stable coin during a bad market day or for trading pair that has only stable coin, otherwise, I am.always on bitcoin or any other good altcoins.

PAX is not a bad choice, but why do you like stable coins as an investment in the long run? I think you need to reconsider and use a stable coin as a trading partner. and for investment in the long run you need to invest with top altcoin only.

For saving money I would honestly suggest you keep your money at your bank account. If you do not want to get into crypto all together and invest, why would you want to deal with stablecoins at all. Stablecoins are there for one reason, when you do not want to get out of bitcoin market as a whole but you want to get in whenever you need to very quickly, with USDT or stuff like that you can do it very easily hence why people use them.

But if you do not have any reason to be in bitcoin or crypto in general, all you want is to save some money aside and keep it there, I do not see a reason to not keep it on a bank, it is safer that way as well and you could even get a tiny interest as well, and banks rarely ever not pay you your money whereas exchanges or whatever could get hacked very easily.

Yes, by holding stable coin for long term. What's the purpose? you will wait until the price of bitcoin to go down then buy? this is the only reason that I can see for holding a stable coin for that long. But, if that's not the purpose then there's no sense of holding it for a longer time.
There's no fluctuations in stable coins or there's a very little, a centavo of fluctuation.

USDT is a good option for you to buy and hold. But it will not be possible for you to make a profit in the future because its value will always be stable. And if you do not want to deposit money in the bank, this will certainly be a good choice for you to hold your money

Stable coins are never trusted enough to store your asset value for long term, since it is not really backed up by government they just promise as they would be so its better hold them in fiat.But I don't understand what is the point of holding a stable coins for year? Literally you will lose 5% of total value due to inflation.

USDT for me no!. I wish to keep money aside for the long term for me that means between 6 months is 1 year. It's just that I wouldn't put it in a bank and have the Tax. Although I keep some BTC in the wallet. I made 2 different types, 1 profit, 2 no profit is in case something goes wrong in the future like a bank with no profit only in crypto placement.

If you want to keep Stablecoins to preserve your assets. USDT will be the best choice, this stablecoin has great liquidity and is trusted by many people. You can hold it for a long time without having to worry about it collapsing or losing value

It is hard in the current context the market remains down since 2018 after it has gone up 2019 is 2020 so again in profit today it is falling it is normal that it will happen a few months after the halving the increase in price. I still have a few btc on the wallet which I keep preciously . But I also prefer to keep money aside for a long term from 6 months to 1 year stablecoin. Currently the rest of the money is placed on paxos is usdc if the price drops or arrives something i still stay on my guard.

Hold stablecoins in the long term is a bad option. You are wasting your time and money with it, choose the top altcoins in this market and hold them. Or you can buy bitcoin and ETH to be more secure in the long term, I believe in 1-2 years your profits will increase at least 2 times for them.

I prefer to keep some savings aside.

You are right 

Yes dai it is the stablecoin when it is not found everywhere as binance it is only listed on coinbase or exchange ERC-20 example https://uniswap.exchange/swap.

I do not trust the USDT 2017, 2018 the price collapses during a press on a rumor if one day a news from the press which speaks true then on the market of Tether we can see the sudden collapse. Bitfinex does not wish to answer questions on Tether. http://web.archive.org/web/20150315014640/https://tether.to

BUSD is in partnership with Paxos https://www.paxos.com/busd/ I currently use Paxos, is USDC

Audit report:

Paxos standard: https://www.paxos.com/attestations/
after I do not know if Busd is based on the same audit as Pax?

USDC: https://www.centre.io/usdc-transparency

GUSD: https://gemini.com/dollar

HUSD: https://www.stcoins.com/attestation/index

TrueUSD: https://real-time-attest.trustexplorer.io/

Stasis: https://stasis.net/transparency/

Stably Dollar: https://www.stably.io/attestations Crashed!

List stablecoin: https://cryptoslate.com/cryptos/stablecoin/

Why do you keep stablecoins in the long term? You do not want to make a profit in this market? If you want to hold long term then I recommend you to choose bitcoin or the top altcoins in this market, certainly in the future it will bring you many profits.

Savings generally should not be stored in any stable coins, since stable coins do not protect their holders from inflation. Stable coins are provided with the usual currency of the states. This currency, that is, the dollar, euro, pound and any other state currencies are subject to inflation, and if this happens, stable coins that are provided with these types of currencies, although they do not fall directly in price, however, they will reflect the price of these currencies taking into account their inflation.

I do not wish to put the money in the bank the taxes are too important you have a loss of profit  .


Paxos is the one I use.
Yes there is less risk I still have in my wallet btc I keep some money aside.


Keep the money aside because I have some worries, is for not having a only tax also .
Dai: Yes, it's a good coin, but there may be a problem because the coin is very sensitive if the ethereum suddenly falls with Maker ?. Dai after I recommend for the exchanges .


It sounds good but currently the volume and the exchange do not accept gold coins very much. I wouldn't want a tether gold without proof. There is also other like the paxos gold. I still prefer to buy real gold better with crypto .


Yes they are the only ones to give proof paxos, usdc, gemini dollar to give monthly proof of audit made in new york.


No, I understand, it's like spending 1$, I don't want to make a profit or a loss.


It is a good idea but I do not wish to have the tax :-).


Yes there is also a 0.02 cent coin Compound USD Coin (CUSDC) that avoids the risk of having a big loss.

I couldn't answer everyone I'm sorry.

Although I don't want to lose a lot or make a profit for the future, I prefer to keep some money aside. I still currently have some BTC in my wallet which I keep carefully.
The long-term for me is like keeping 6 months or 1 year aside.

Can be an alternative dogecoin

I did not manage to include the messages in the discussion correctly  .