What stable coin are you into? | Bitcointalksearch.org

AbuBhakar

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Quote from: Tellek Garing on March 25, 2022, 03:04:53 PM

I don't do stable coins and if I most hold any stable coin then it must be Bitcoin I know Bitcoin is not a stable coin but then what is the need of holding a coin when it can't give you a good return.

A stable coin is not a good option for long-term holding but then I rather hold bitcoin because bitcoin has the viability of reaching a good price at any time just like what we are seeing presently in the bitcoin market.

There is no really point in holding any stable coins since their value will not increase however if we need to park some of our investments if ever the market isn’t in good condition then using stable coins like BUSD can help us to store it unless we believe in what we hold too much that somehow in the future even their at loss now they will still recover and sometime I prefer that way in some of my coins and converted only the altcoins I don’t trust much in USDT.

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Quote from: Muslimin mj on March 30, 2022, 11:35:13 AM

Quote from: Kalchef on March 13, 2022, 06:29:45 PM

Between BUSD and DAI stable coin which one would you prefer and why? One is centralised and the other is decentralized is there anything else?.

I think BUSD is better than DAI, because I believe that Binance is the best right now, so Busd is my best choice over other stablecoins. and BUSD has better volume than DAI. BUSD is a product of Binance so that makes me sure for now to use BUSD as a repository of my assets in stablecoins. and BUSD has lower transaction fees than DAI.

BUSD is better in terms of stability. Its also has a bright future which means that, it's good to bagged as many as possible for long term. BUSD works with the dollar currency and it is centralized because it is owned by top exchange, Binance. It's definitely going to pump in the future, long term investment is the best. As for DAI, is decentralized currency and also a stable coin. It was built on the Ethereum network. Ethereum gas fees are extremely high when it comes to transactions. I prefer BUSD because it's gas fees is lower and it maintain the stability of the market value.

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Quote from: Kalchef on March 13, 2022, 06:29:45 PM

Between BUSD and DAI stable coin which one would you prefer and why? One is centralised and the other is decentralized is there anything else?.

I think BUSD is better than DAI, because I believe that Binance is the best right now, so Busd is my best choice over other stablecoins. and BUSD has better volume than DAI. BUSD is a product of Binance so that makes me sure for now to use BUSD as a repository of my assets in stablecoins. and BUSD has lower transaction fees than DAI.

henmark

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There’s really nothing much, they are all good and it all goes down to what you decide to choose for yourself. The teen with BUSD is that it is owned by one of the biggest cryptocurrency exchanges which is Binance.com, and that has made it an attractive coin for most of the cryptocurrency investors and traders.

For the fact that it belongs to one of the biggest exchanges in the world, if not the biggest, a lot of people are more likely to consider it because they are trading on binance.com and would prefer to make use of a stable coin that belongs to the exchange so that they can get some perks that comes with it, like discounts on trading fees and other things like that.

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Quote from: Kalchef on March 13, 2022, 06:29:45 PM

Between BUSD and DAI stable coin which one would you prefer and why? One is centralised and the other is decentralized is there anything else?.

Definitely Dai.

It is decentralised so that is a huge plus for me. BUSD is simply too exposed to regulations changing or Binance collapsing for it to be trusted.

You can also look into UST, I think that people are flocking towards that more and more because of how much yield you can get on Anchor Protocol with UST, and how well it has held its peg throughout history.

Tellek Garing

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I don't do stable coins and if I most hold any stable coin then it must be Bitcoin I know Bitcoin is not a stable coin but then what is the need of holding a coin when it can't give you a good return.

A stable coin is not a good option for long-term holding but then I rather hold bitcoin because bitcoin has the viability of reaching a good price at any time just like what we are seeing presently in the bitcoin market.

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Quote from: Kalchef on March 13, 2022, 06:29:45 PM

Between BUSD and DAI stable coin which one would you prefer and why? One is centralised and the other is decentralized is there anything else?.

Personally I use USDT as stable coin. It is suitable for me and it has a lot of use case. Between BUSD and DAI, I will prefer BUSD as my choice because it has higher volume. Besides, BUSD is well known and gas fee is also low than the gas fee of DAI.

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The only stable coin I use mostly is USDT, that's because it's pegged to the US dollars, many newbies would confuse stable as another Crypto-currency Investment, its mostly used to give your asset a less volatile value.

No to your question, I haven't used any other the two stable coin but they are popular though, I think the are closely match but as always I as a Crypto enthusiast would always prefer a decentralized coin to a centralized coin.

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Quote from: andyou1234 on March 24, 2022, 09:19:15 AM

So far I haven't had any problems using USDT and BUSD, because in my opinion these two stable coins are very universal so they are very easy to use and the costs are very low, besides that USDT and BUSD also have very high sales volume in the market, so I really believe that these two stable coins will be the best stable and can last a long time in crypto.

I am not debating about the popularity of these stable coins, especially USDT and BUSD, but i am not yet convinced with their transparency when it comes to escrowing the same amount of dollars in fiat before minting the tokens. It is hard to predict what the future holds for these stable coins but i will not trust them for the long haul but for the short term i am also using these trading pair and then move to fiat if holding for the long term.

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There are 3 that people mainly use, that is for sure. I get that USDC is getting a bit more attention these days. But that is mainly because Coinbase is used, and it is used mainly in one place, go in there and check, Binance itself provides more to it than Coinbase could, and if Binance one day says that USDC is the opponent and leaves, then USDC will be crashing hard. So for me, there are three that are unchallenged right now.

One is USDT, the other is BUSD, and the last is DAI. USDT because it is the first one and everyone uses that, BUSD because Binance covers most of the exchange world and could decide on what happens to stablecoins, and DAI because that is decentralized and people like that.

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Quote from: Lizzylove1 on March 24, 2022, 12:11:43 PM

I use BUSD, USDC, UST and USDT, I have less of USDT because of some news that created controversies in the past, but I think they are okay now without fear of been dealt with by the SEC.

For me, I make use of mostly BUSD, and that is because I am making use of the Binance exchange and that is the main exchange that I make use of whenever I want to trade cryptocurrency. But, I also think that DAI is a really good stable coin that I might consider in the future.

Although one thing is that they are all the same, they still the same coins paired to USD, they have the same function or feature to offer, the only difference is that some of them are decentralised while others are centralized. The reason why a lot of traders and investors would choose decentralized stable coins like DAI is because of the problems or challenges that centralized stable coins are likely to have with the SEC. So decentralized stablecoins are like a safer option.

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Quote from: Kalchef on March 13, 2022, 06:29:45 PM

Between BUSD and DAI stable coin which one would you prefer and why? One is centralised and the other is decentralized is there anything else?.

I don't have any reason yet to use DAI but I have some BUSD in my wallet so in this case I prefer BUSD. But the stable coin I used most is USDT because it is acceptable in almost every exchanges and also multi-chain.

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BUSD is centralized.

DAI is decentralized.

But there's more application and benefits upon using BUSD if you're inside Binance exchange and that's why many are using it because of reduction in fees.

And there could be many more features that it has that a trader can benefit from.

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Quote from: Kalchef on March 13, 2022, 06:29:45 PM

Between BUSD and DAI stable coin which one would you prefer and why? One is centralised and the other is decentralized is there anything else?.

DAI is a decentralized stablecoin. I definitely use DAI when I withdraw my money to my private wallet. Because it is safer. I always use BUSD when trading on Binance. Because the market maker fee in BUSD parity is 0. If you are a person who buys and sells a lot or if you are a day trader, this campaign is very good. It is very nice to encounter 0 fee when you review your trade history. :) In short, I love both, I use both. It changes according to my needs.

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Quote from: Lizzylove1 on March 24, 2022, 12:11:43 PM

I use BUSD, USDC, UST and USDT, I have less of USDT because of some news that created controversies in the past, but I think they are okay now without fear of been dealt with by the SEC.

There are many more options in the market now than usdt, so if you think using it might be risky for you then you can move to another stablecoin. There are various news items circulating in the market all the time which make ordinary investors panic. Everyone knows that USDT does not backed usd 100%, yet usdt is currently the most used in the market. However I still use USDT because it is easier to trade because usdt's market is big.

Lizzylove1

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I use BUSD, USDC, UST and USDT, I have less of USDT because of some news that created controversies in the past, but I think they are okay now without fear of been dealt with by the SEC.

andyou1234

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So far I haven't had any problems using USDT and BUSD, because in my opinion these two stable coins are very universal so they are very easy to use and the costs are very low, besides that USDT and BUSD also have very high sales volume in the market, so I really believe that these two stable coins will be the best stable and can last a long time in crypto.

kesmex

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the stable coins that I always use are BUSD and USDT,
there is no doubt that these two stable coins have been used by everyone in the crypto currency world,
especially since ETH Gas Fees went up everything turned to BUSD because of cheap transaction fees,

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Most at times, i used it for making payment from Binance to Binance and is very cheaper and smarter. i have not even traded any of my currencies to DAI other than BUSD and USDT.

bocyaj

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XRP was my favorite coin all the time. Because their will be huge flow in the XRP.Mainly the XRP need of verification to inverse in certain exchange.So their won’t be a decentralised and flow of the money in XRP huge.No whale will dominated the XRP as compared to other coin.The price of XRP will not increase huge or decrease huge.So your money safe on XRP.

Topic: What stable coin are you into? (Read 488 times)