Quote from: chaoscoinz on December 14, 2019, 12:51:00 PM

Stablecoins are a godsend. It was only a matter of time until a system such as Tethers would be made. Stablecoins really make day trading so much easier. Trading with coin pairs against a stable coin works exceptionally well when your trading with bots. The price of the stablcoins can waiver sometimes though, losing a few cents from it's original position but overall your balance remains utterly stable. I didn't get serious about trading until stablecoins became the normal thing.

Everything about stablecoins is great, if they're able to maintain their value of $1 USD per coin. But knowing that the crypto market is still illiquid these days, stablecoins might experience small fluctuations in price at times. The best-performing stablecoins in a bear market are those which are backed by USD reserves instead of an algorithm. Tether, Gemini Dollars, and Binance USD fit the bill nicely. Others like bitUSD and DAI may be doomed to failure in the future, as they're not truly backed by a USD reserve (as far as I'm aware). If stablecoins prove to perform as intended, they could be a safe-haven for traders and investors alike.

With many services providing attractive interest rates for stablecoin lenders, I believe that these digital assets will be here to stay for a long time. The only issue though, would be regulation. If governments impose strict regulations against stablecoins, then we'll see the number of coins available on the market decline at an unprecedented rate. As long as there is a single stablecoin being traded on the market, investors and traders can make use of it to protect themselves against the dreaded volatility of crypto's price.

Nonetheless, I believe that stablecoins might be the best solution to protect your investment against a bear market. Of course, there's always the choice of cashing out to Fiat. But most (if not all) stablecoins don't require ID verification for you to obtain the benefits of the USD. Which is why, these digital assets prove to be extremely convenient for anyone looking to obtain the "best of both worlds". Just my opinion