Which Stable coin is the Best for Investment This Year - page 2.

jerry0

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Quote from: gwdf1 on February 02, 2021, 12:21:21 PM

Quote from: jerry0 on January 31, 2021, 01:41:28 AM

Can you store these stablecoins like usdt and usdc etc in a wallet like ledger or electrum? Or does it always have to be in an exchange?

You can use Ledger as a Tether wallet and store Tether ERC20 tokens in it. I don’t know for sure about Electrum. Everyone determines the options for storing coins for themselves. It only depends on your preferences and the capabilities of the wallet that suits you.

Can you also store usdc coin on the nano ledger as well?

tabas

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Quote from: adekogbe on January 31, 2021, 05:38:54 PM

PERSONALLY I HAVE SOME EXPERIENCE using BUSD and USDT which i find to be both good. although all stable coins carries the same value, none of them are fully decentralized, this means that the reputation of the project with the stable coin has to be great.

There is one stable coin that's known to be decentralized, DAI.

Quote from: adekogbe on January 31, 2021, 05:38:54 PM

USDT is the first stable coin and it has passed the test of time to determine if it is good, also BUSD is a binance stable coin and Binance have already proven to be a innovative leading exchange in the crypto space.

Preferences for which is good in stable coins depends on how often you use them. Many are avoiding USDT because of what happened to it but still, many are still using it. BUSD is another stable coin that became popular because of its mother company and we'll get to see more of these stable coins because of the popularity of their mother exchange.

gwdf1

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Quote from: jerry0 on January 31, 2021, 01:41:28 AM

Can you store these stablecoins like usdt and usdc etc in a wallet like ledger or electrum? Or does it always have to be in an exchange?

You can use Ledger as a Tether wallet and store Tether ERC20 tokens in it. I don’t know for sure about Electrum. Everyone determines the options for storing coins for themselves. It only depends on your preferences and the capabilities of the wallet that suits you.

adekogbe

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PERSONALLY I HAVE SOME EXPERIENCE using BUSD and USDT which i find to be both good. although all stable coins carries the same value, none of them are fully decentralized, this means that the reputation of the project with the stable coin has to be great.
USDT is the first stable coin and it has passed the test of time to determine if it is good, also BUSD is a binance stable coin and Binance have already proven to be a innovative leading exchange in the crypto space.

kesmex

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I am not against any stable coin because I know for a fact that its a low risk token however can only give low reward but if you are to invest with stable coin I suggest you do invest it under top rank cryptos such as bitcoin, ethereum and XRP because these coins can give you a very good amount of profits and earnings.

However, I don't think there is any coin that is truly stable because it is basically fluctuating,
we will not know the progress of the coins if we do not follow it ourselves,
I also agree with you that by investing in the top coins, of course the opportunity to get profit is also getting bigger

valek.bruno

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Perhaps you have already read a lot of negative things about the USDT project and that they have constant situations with evidence of the real amount of US dollars, but for some reason I have not heard anything bad about the USDC project and many of my comrades advise using this particular token

globalpain

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Quote from: jerry0 on January 31, 2021, 01:41:28 AM

Can you store these stablecoins like usdt and usdc etc in a wallet like ledger or electrum? Or does it always have to be in an exchange?

This is very interesting to talk about even though I have never tried it myself, but for stable tokens like USDT it seems that it is already supported by three platforms in general, including EOS, ERC20 and TRC20, so it seems that it doesn't always have to be exchanged.

it looks like it can be stored on the Ledger, because USDT is an ERC20-based token, so I think that Ledger can save this USDT because the ledger already supports ERC20, I can't give much explanation, but I will provide insights for you to learn at https: // www.youtube.com/watch?v=S3XIgK8_-Lg,
there are given ways to manage ERC20 tokens, hope this helps you, thanks me later.

TribalBob

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because Stablecoins are like fiat, so I prefer USDT (Tether) to invest in every year,
for TTN has the exchange been running?
I have a little TTN, I don't know, so what now, after the price has gone down, I have not listened more deeply and I left the project, the point is I am disappointed with this project.

Natsuu

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This year might be not a good year to invest in any stable coins as we see a rapid increase on different coins, and we don't want to miss that, aren't we?

A year for stable coins is the year when coins aren't doing any good, and we need to place our accounts to coins that is less risky.

reza7777

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I laugh when we have to be told to choose stable coins as an investment even though stable coins are not a place to invest but as another way of protecting our assets when the market is crashing, We will not be profitable if the investment in stablecoins

jerry0

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Can you store these stablecoins like usdt and usdc etc in a wallet like ledger or electrum? Or does it always have to be in an exchange?

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Quote from: Karartma1 on January 30, 2021, 03:39:26 AM

I fail to understand the point of this thread. No stable coin is a good investement because you are buying another form of fiat currency. Stable coins by definition, and by name, need to keep their value at all times (in fact, problems arise when there are some glitches on the order book and they fail to maintain the peg).
If you want to invest (and risk) your money by, let's say, buying $1000 and have some interest on that via all the major DeFi and CeFi platforms that could be done.
Stable coins are good only for that: borrowing, lending, trading and saving (if you trust the platforms you use).

There's staking for the stablecoins holder who want to earn money and get some return whether monthly or annually. Some people want to avoid the risk of losing money and prefer to get small profit in long term but have stable growth and staking can be one of many option. Quite the opposite stablecoin isn't really good for trading because the value quite stable maybe what you mean is trading cryptocurrency with stablecoin pair.

Globb0

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On the downs money parked in stable coins makes sense.

Not a lot of the exchanges have real money pairs.

This way you can take advantage of the price situations.

maldini

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The reason for contributing is to acquire benefits out of the vacillations of the cost. Stable coins is made to keep their worth stable, how might we acquire benefit. Stable coin as I would see it cannot be considered as venture in the event that you needed to anticipate a few increases from it. However, some steady coin can get a few compensations by holding, on the off chance that you know Binance and other cex there are alternative to stake.

criket

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Quote from: bounceback on January 30, 2021, 03:26:19 AM

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I don't know why you choose stablecoins as the best investment this year. I assume all the stablecoins are the same, they are not the best options for investment. I just buy stablecoins like USDT to keep the value of my assets in the bearish time. If you want to buy the best coins for investment, you are better to buy top altcoins. We are nearing altcoin season, top altcoins will make you satisfied as they tend to increase much.

I know stable coin only with USDT because always keep the same value although you hold one or several years later, but what the benefit getting with investing on stable coin, does your money keep the same how long keep holding, maybe stable coin needed when bitcoin and altcoin correction price so better save first your assets on stable coin likely on USDT, but when bitcoin have potential to higher price better save on bitcoin or looking altcoin will grow up. Maybe for stable coin only happen and needed when bitcoin going down and move to altcoin after chance get profit when higher price.

maybe what you're looking for is security. Due to clear returns, a stable asset won't give much. as you said, stable coins like USDT are widely used to deal with corrections in investments. but in trading of course USDT and other stable assets can help traders in securing the value of their assets.

ivankoh

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Indeed, in recent years. Stable coin is in a hot spot, there are a series of big guys who want to go into the crypto world with an independent birth. There seem to be a few details that are not yet ready, such as the participation of big names like JPM Coin of J.P.Morgan bank or Facebook's Libra. Wink

Although it is really necessary to reshape and transfer good states to investors, but similar to the assessment of bitcoin, USDT is still the name most popular with even though it also experienced big stories.

XCANA

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Quote from: tippytoes on January 29, 2021, 05:52:45 PM

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Personally i used that of Binance exchnage stablecoin becasue of it reliability. These stablecoins are those that i see that can hold onto dollar(1 stablecoin = 1$ at any circumstances) when there is dip with other cryptocurrencies. USDT should have be my most wanted stable coins but becasue of their stories behind it existence made me rethink BUDS will be more good for investment.

USDT has the reputation couple of years ago about not having fully backed by US$ assets, which they are pegged to. This is the reason why a lot of crypto users are not totally trusting this platform. We don't know if they are now saying the ultimate truth about their assets. But on the note about investing in stable coin, the user should bear in mind that investing on this type of coin will not give him profit as it is designed to be stable in price. So your $1 for example will still be $1 after a year.

If you have read the USDT TOS (Terms Of Service) then you should understand their clear stands in case of eventuality, mostly if anything went wrong with their system they won't be held liable. Meaning: if the SEC decides to take actions against them and users get affected in the process they are not liable for any legal charges, so, nobody will trust such entity. Remember that the US SEC will definitely come for this project for some questioning some-days to come.

Karartma1

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I fail to understand the point of this thread. No stable coin is a good investement because you are buying another form of fiat currency. Stable coins by definition, and by name, need to keep their value at all times (in fact, problems arise when there are some glitches on the order book and they fail to maintain the peg).
If you want to invest (and risk) your money by, let's say, buying $1000 and have some interest on that via all the major DeFi and CeFi platforms that could be done.
Stable coins are good only for that: borrowing, lending, trading and saving (if you trust the platforms you use).

bounceback

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Quote from: ?? on ??

I don't know why you choose stablecoins as the best investment this year. I assume all the stablecoins are the same, they are not the best options for investment. I just buy stablecoins like USDT to keep the value of my assets in the bearish time. If you want to buy the best coins for investment, you are better to buy top altcoins. We are nearing altcoin season, top altcoins will make you satisfied as they tend to increase much.

I know stable coin only with USDT because always keep the same value although you hold one or several years later, but what the benefit getting with investing on stable coin, does your money keep the same how long keep holding, maybe stable coin needed when bitcoin and altcoin correction price so better save first your assets on stable coin likely on USDT, but when bitcoin have potential to higher price better save on bitcoin or looking altcoin will grow up. Maybe for stable coin only happen and needed when bitcoin going down and move to altcoin after chance get profit when higher price.

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The fact that some altcoins have new changes and improved many effects and have good lighting in recent times such as Dot, Doge, Link is very good but in terms of stability and safety. I choose ETH for the long term. Because ETH has proven its worth as the leader in altcoins, XRP's decline leaves me with only ETH.

Topic: Which Stable coin is the Best for Investment This Year - page 2. (Read 1260 times)