Quote from: tsaroz on Today at 01:49:07 PM

One of the reason many people stay away from crypto is their belief of how unstable crypto is. Stablecoins as an investment would be a good introduction to such people.

Quote from: hamba laeh on Today at 02:44:30 PM

stablecoins definitely get the best portion to store the assets we have because they don't have a high risk like bitcoin.

Why does everyone fixate on volatility where there are far more serious risks to consider?

Bitcoin cannot become insolvent. Stablecoins can.
Bitcoin doesn't have a "trusted" custodian that can renege on their promises. Stablecoins do.
Bitcoin cannot be completely shut down or wiped out by a single regulator or law enforcement agency. Stablecoins can.

You aren't "storing" anything and it's not an "investment". You are surrendering real assets in exchange for a vague promise that the IOU they've given you can later be redeemed for the same value. It's utterly stupid.

If someone here on the forum told you they had millions of dollars worth of assets backing their random shitcoin 1:1 and then took every opportunity to avoid providing any evidence to support that claim, would you "invest" in it? Or would you think "Actually, that sounds shady as fuck" and stay the hell away from it?

You trust blindly and it's going to get you into trouble sooner or later.