Which Stable coin is the Best for Investment This Year - page 3.

tippytoes

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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.

Cryptosaja

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Investment in stable coins is safe from loss because it is not volatile like other crypto. But if to make it as an instrument to invest then for me
it is not suitable. Because the price is too stable. So just get a little profit with a long time anyway. USDT, USDC, TTN and other stable coins
you mentioned are good, but not an option to invest if you want to make a quick profit.

kawetsriyanto

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duelbits.com

Quote from: TitanProject1 on August 09, 2020, 11:59:23 PM

So, did you like the article? What’s your take on stablecoins? Have you invested or used any stable coin? What do you think of it? Do let me know in the comments.

Are you sure going to invest in a stable coin?
Did you get the point of a stable coin?
Here is a very clear example:
This year, you invest $500 USDT, and then you keep it for investment for about 2 years. Then, how much it will be after 2 years?
Note, it will be also $500.
It means that stable coins will not give you profits.
It is better to use stablecoins to save in order to get and buy other cryptos that are promising for investment

odukoyaewatomi27

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Each stable coin is as yet the equivalent since it has got stable value and I don't have the foggiest idea how might you make benefits from purchasing and holding a stable coin, if you think the loaning plans will work at that point remember the swelling rate which will climb particularly in the coming a long time due to Coronavirus pandemic.

Ozero

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Yeah! There are many stable coins. The most reliable of all them seems to be USDT and Binance USD. TrueUSD is also rather good. Stable coins are not profitable by themselves, but they are useful especially when you expect market collapse and want to fix your earnings or want to get fix price but stay anonymous to your employer.

Yes, stablecoins are very good for dealing with cryptocurrencies, however, they cannot be profitable by themselves. They consistently have the fiat price they are provided with. Stable coins can rise or fall in value along with this fiat money, however, their price will always be equal to one fiat, sometimes with slight deviations.
Soon, the digitized currencies of the central banks of states will appear in large quantities, that is, stable coins of states, and then people will know more about the properties of stable coins.

Globb0

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Free spirit

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Stable coins are not appropriate for investing by any means! Stable coins are appropriate for putting away our capital out of the unpredictability of the market. The motivation behind investing is to acquire benefits out of the vacillations of the price. Stable coins is made to keep their value stable, how might we acquire benefits out of it?

Yeah but, can a stable coin go to zero? or not?

Globb0

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Free spirit

A stable coin could be tempting if it will hold to the dollar in the next big dip.

inanilujimi

sr. member

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Merit: 259

maybe my choice is BUSD, the reason is quite simple if you want to staking BUSD on an exchange or a program that is currently staking on Exchange Binance , you can get new altcoins that will later be listed on the stock exchange, with the BUSD value that doesn't decrease, you can get new altcoins, of course this is a good investment in the long run though the returns will not be as big as when you trade, or the highly volatile altcoin investment.

bounceback

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Vave.com - Crypto Casino

What for keep investing on stable coins, I think if you wanna keep your money stable better save on the bank or keep hold on USDT value. Better looking for high risk coins to invest when reach up you can get maximum profit but you need ready when bad news could make your coin dump, I think with worth coin to buy ethereum, litecoin and you can try with TWT coin because will list on Binance today. Just waiting with most pump to higher price.

Chainsmokers

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I think it's too bad to invest in stable coins because the movement seen on stable coins only defense and it's hard to go up or down to takes a very long time if it pump better to find other coins to invest in one of them some of the top coins litcoin may be one of the best investments

lixer

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Stable coins are not an investment, and if you check some wallets like Blockchain, these stablecoins don’t have any chart since holding them is the same as holding a dollar, so when you hold a stablecoin you’re not getting any profit, it’s going to remain the same value that you invested there which is one dollar to one dollar.

By the way Tether might be facing serious crisis or maybe not, you should have mentioned that there. From the list you have provided, I am only going to choose DAO and PAX, the two are very good as of now but not sure what our future is having to surprise us; so we need to be prepared to face anything which means we need to diversify if you opt to hold some stablecoin as well.

illnino

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Quote from: ice18 on August 16, 2020, 09:36:00 AM

I think what Op means is what is the best or most trusted stable coins to convert your digital assets or to convert your fiat, personally on Tether I really dont trust this stable coins because of many issues on past few months no one knows if I will dissolve anytime..busd or usdc is more trusted for me.

It seems to me that DOT is a very interesting option, but so far it remains obscure. It is very difficult to predict what will happen next.
Everything is clear with Ethereum and Bitcoin. I think we need to wait for the decline, or even Bitcoin and Ethereum are at their peak. Therefore, there is no need to make hasty decisions now.

gaston castano

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but wait, why will you invest in stablecoin that will not give you profit because itsstable and most people use it for out of the market and looking for good opportunity to in.
if you sill want invest to stablecoin so my advice is tether or usdc, that the best stablecoin for now.

DarkDays

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Quote from: kenelmark on January 25, 2021, 06:04:32 AM

Quote from: Actis on January 25, 2021, 05:40:24 AM

This is exactly what am I thinking when I read this, you cant gain from holding a stablecoin since the price is stable and doesnt have volatility.. Obviously the best Stablecoin too would be USDT and TrueUSD

Basically all stablecoin tokens are good and have no volatility because their value is always stable and refers to the value of the USD currency in general, this is something that many people have known in the past.

That's true but given the law suit that has been filed against TUSD because their funds have never been audited properly-a huge deal if they don't have all that TUSD backed up by the $ at 1:1 ratio- if I were you I'd keep away from it. Instead, you could use the other stable coin alternatives like the USDC.

TUSD has been a concerning issue for many years and even to this date there has been no proof that their tokens are fully collateralized.

Gorosden

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$CYBERCASH METAVERSE

You can't invest on stable coin, there is no way to make money when holding stable coin so what is OP talking about here? The only way to make money out of stable coin is to lend them out on platform like binance exchange, if you buy 20$ USDT it will remain 20$ forever

frank07a

newbie

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I suggest paying attention to Nem coin. In my opinion, the coin has a good upward trend. Here you can see the price prediction for this coin.

meldrio1

full member

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He just shilling the titan coin look at the name who started the thread and the titan coin is not a stable coin Cheesy

. I don't know why this OP can tell stable coins are the best investment. Try to hold stable coin for long term then let's see what will happen the price in the future lol.

MCobian

full member

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Merit: 117

It looks like the opening post is wrong if you consider Stable coins for investment, because if we invest in stable coins, we can't make a big profit.
Because the price is the same as the fiat price, so investing in stable coins is the same as investing in fiat. I bought stable coins only for saving
trading capital, so my capital will not be affected by the volatile crypto market, so if I find good coins it is at a low price. I will convert the stable coins
I have into these coins. The best stable coins are USDT, besides being most popular compared to other stable coins. USDT is also very high volume,
so it is very safe to buy USDT.

LiverLamas

newbie

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i don't know about TTN but i agree with USDT, USDC and DAO since i always trade it most of the time

sophwest

newbie

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Quote from: taunitsed on January 25, 2021, 10:10:37 AM

Quote from: sophwest on January 25, 2021, 01:36:36 AM

Quote from: taunitsed on January 20, 2021, 05:18:49 PM

are u really think that stablecoins are created for investment?)) i always thought they are used mostly for backing up risks of cryptoinvestors... for investing is better to check defi for now or new dex projects (as a suggest)

also don't understand the concept of investing in stablecoins- usually we mitigate risks of cryptoinvesting with stablecoins. i prefer to invest for profit in dex projects, too

besides, just found new dex project - xsigma. looks credible - they have a good business model

i heard about them, besides. they are backed by a public company, and have a team from Amazon and ripple

Topic: Which Stable coin is the Best for Investment This Year - page 3. (Read 1260 times)