As a novice in crypto, I want to take enough time to learn more on how the market works before investing. But I'm really concerned on how to keep my money safe as I await the right time to invest.
Do you think it's better to save in stable coin like usdt or I should just keep the money in the bank?
All you need to do is do some simple calculations to figure out where your money is best
Stable coin like USDT is pegged to the dollar so if there is inflation in your country you will not suffer because you have your money in dollars. In this case it will be better for you to hold stable coins. And now you get up to 3% interest if you stake USDT on Binance or other trusted platforms. Which is much less than banks and with risk. Because usually 5-12% interest is available from the bank, the interest is much better and keeping money in the bank is much safer than crypto assets. So if you want to invest in stable coin then it will not be logical now. But if you want to put money in potential crypto assets like Bitcoin, they will give you more profit than banks but here you have to invest according to the risk. So now you think to yourself where you should keep your money