Post
Topic
Board Economics
Re: Stable coin or having USD in bank
by
DrBeer
on 06/09/2023, 17:27:36 UTC
.....
I understand, and of course I have a specific answer to this question: the algorithm is as follows: you need to look at the bitcoin chart, if the price is high now, then you need to fix the profit and wait for a correction or a price drop. So you need to transfer some of the bitcoins to stablecoins. Not cash or bank dollars. If the price of bitcoin is low, but you need to buy it, and in no case store your savings in stablecoins. Right now, in my opinion, the price of bitcoin is neither low nor high. The situation is not certain, which means it is possible to partially purchase stablecoins (for example, USDT), and partially dollars. Any - in cash or on an electronic account.
And as you probably understood - I do not approve of "storing and saving" money. I believe that they should "work" in any situation.


Excellent clarification, which I fully support. The only thing I'm pushing:
The first part is about analyzing the situation in the crypto market. Here we have to be honest - not everyone can do it, and not everyone makes the right assessment, does not monitor the situation, and cannot make the right conclusion, and therefore the right actions. Therefore - the advice is GOOD, but not everyone will be able to use it.
Second - what you described, in some ways the same diversification. And it is right !
Third - the last point, I fully support. When money is lying "dead weight", it...spoils Smiley