Quote from: arwin100 on September 15, 2023, 11:50:19 AM

Quote from: legendbtc on September 15, 2023, 10:14:53 AM

Quote from: kawetsriyanto on September 14, 2023, 05:03:15 PM

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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.

Indeed, stablecoins are not as safe as many people think, they are no different from altcoins on the market, they can decrease in price and lose their pegs at any time. Stablecoins are just an intermediary when we convert bitcoin to fiat currency and vice versa, and I've never held too many of them.
If I had to choose, I would still choose USD over stablecoins, because they have never been fundamentally safer than USD. Stablecoin of the Terra ecosystem has taught us a lesson and let us not forget that lesson.

Choosing might be depends on your needs since for storing I might also choose USD in the bank since I can safely say that only inflation is the enemy and the amount I can get is still the same. But also for investment and entertainment purposes would also choose stable coins since this is the coin where we don't need to worry about heavy drop and we can transfer it to any crypto platforms since most of them accept stable coins for deposit and withdrawal request.

As I also said, stablecoins are just an intermediary for us to easily convert investments and of course we will need them in investing. It would be very difficult for us to enter the market without using stablecoins, because currently, direct conversion from national currencies to cryptocurrencies on exchanges is still limited. But if we talk about storing assets and comparing the two then it is clear that USD is absolutely safer than stablecoins. USDT has never been a good choice for storing assets or saving like USD.