Post
Topic
Board Altcoin Discussion
Re: Stablecoins is a good way to keep and save money or not?
by
$crypto$
on 20/12/2022, 17:41:09 UTC
Stablecoins are not suitable for long-term holding, it is not suitable as a long-term solution to protect capital and make profits. But holding stable coins can help many people fix profits in a bear market. When the market is down or prices tend to fall, choosing stable coins can be used to preserve value.
It is more appropriate to secure assets when bearish occurs. This is usually for those who are afraid to trade with an uncertain market value, so they prefer stable coins to keep the value from dropping.
Because stablecoins will never provide any profit except risking it with a small percentage, but for me that's little to gain compared to choosing another coin that has the potential to go up.
Basically stablecoins for them to buy lower or wait for the right price and buy with stablecoins.