Post
Topic
Board Economics
Re: Stable coin or having USD in bank
by
kawetsriyanto
on 14/09/2023, 17:03:15 UTC
If bitcoin price have increased, I can decide to convert some to USD or stable coin. Which one is better? Or is there other alternative which can be comparable with bitcoin in a way it would be independent and having full control characteristic.
Do you want to take profits?
I think it is not the best time to sell Bitcoin. Why don't wait for 1-2 years, the bullrun season is coming.
TBH, even if Bitcoin price increases quite significant, I won't convert my Bitcoin to any coin or dollars. I prefer to hold longer time, 1-2 years.

Anyway, when I need to convert my Bitcoin, I think it is better to convert it to dollars or my national currency (Rupiah). I can't use Bitcoin for any transactions in my country, that's why I need to convert it. I think convert it to stable coins won't be a good idea. Stable coins can drop its price, it is not totally stable in price. Even you know that the price can free fall if there is something wrong with the coin in the future.