Quote from: wheelz1200 on October 15, 2020, 02:06:29 PM

Quote from: laycon on September 23, 2020, 01:28:23 PM

I am a newbie on this forum and I have read my posts that people complaining how they lost their fund as a result of investing on Volatile coin like BTC. Is it now advisable for newbie like me to invest on less Volatile coin like Tether or Gemini USD.

Every crypto will be volitile. Stablecoins are risky because you can lose everything. If you are afraid of volitility than crypto is just not for you at this point. Risk reward are both very high.

Very well summed up and people often think stablecoins are made to stabilize the value in fiat while being in the crypto market but like you said stable coins are centralized and the risk is even bigger and we might end up losing all the money in search of lowering the volatility. Although one can actually try and reduce the volatile nature by purchasing coins that don't have much change to their value for example ETH won't change too much unless there is a new development news so just keep an eye on the market and you can reduce volatility to a considerable amount.

I personally trade crypto because of the high volatile nature because I have been someone who spent a lot of time in things like currency trading (USD/EUR pair for example) and the change is so slow that you have to wait weeks and even months to get decent profits and here in crypto market you might face loss but the changes are faster and profits are quicker.