Post
Topic
Board Altcoin Discussion
Re: What is your opinion on stable coins?
by
rdluffy
on 19/04/2020, 02:11:56 UTC
No. Stable coins do not give you any profit even after many years. Their price is stable to some extent nt the reason its named stable coin. Tether remains around $1 or a little bit below this mark. It never surpasses it to jworth 2+$2 irrespective of how bullish the market is.

As I said, stable coin can give profits if the fiat coin used to buy the stable coin losts value
For example, I live in Brazil and we use BRL, and I need 5 BRL to buy 1 USDT for example, and if I buy 100 USDT and one month later I need 6 BRL to buy 1 USDT it's a profit situation

So it's wrong to say we can't have any profit with stable, but it's not recommend, there are easier and better solutions to buy USD for example