Post
Topic
Board Economics
Re: Is it good or bad idea saving every penny on crypto stable coins
by
Casalania
on 20/02/2024, 20:38:22 UTC
Sometimes I begin to imagine instead of transferring my money into the bank to keep for a number of days or months before usage in form of savings that nothing will add up instead it remains stagnant or the bank charges me even more. Is it not better I save them on a stable coin such as the USDT?

Please what do you think? Will I end up losing my funds one day if I do so?
To me I feel it's good way to save.

Please what's your opinion on this?
It depends on the location of your country. There are some countries where the inflation rate is so high that the value of their money decreases after a certain period. During that scenario, it is better to convert your money into USDT to avoid losing its value.