Hi, I'm a normie who finally got into crypto in nov 2021. But I don't get stable coins. When you sell your crypto, why don't you just convert back to fiat and put that fiat into your bank account right away? I worry about stable coins becoming un-pegged; this is a big concern for me; it's an extra worry that you don't have if you just convert back to fiat right away.
I can see using stable coins as a trading pair to purchase alts on a dex but I don't understand holding stable coins for longer periods of time like weeks, months or years as a store of value; to me this feels way too risky. What am I missing?
Might be different if you could do a lot of your every-day normal shopping with stable coins but right now you can't.
You might be right but you do understand that every trader has their own view of how they make their decision. Just like you believe that stable coins can have whatever type of issue, do you also believe that as at the time your fiat is changed to any crypto for trading that the same crypto can have an issue and you might end up losing your funds? Crypto trading is basically risky and even your fiat currency has that risk too, haven't you heard of countries' currencies losing value every day due to a high level of inflation? so haw safe is your own currency?