Quote from: Casalania on February 20, 2024, 08:38:22 PM

Quote from: Luizwalter Crypt on February 19, 2024, 04:05:54 PM

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.

While some forum members are completely against the idea of converting their money to stable coins due to their centralized nature, we must recognize there are scenarios in which this move could be justified, and a weak currency paired with a high level of inflation would be a reason that is good enough to make this move, as there are people that are simply not ready for what bitcoin can throw at them and if they invested their money in it they could lose it rather quickly.