Quote from: bettercrypto on March 12, 2024, 06:36:19 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?

Why use stablecoins when you can exchange the money you have with bitcoin? Because I am pretty sure the interest you will get is even higher, especially since the bull run is coming this year. And when you see that your profit is big, take it out and exchange it for your fiat.

Now, if you have doubts about Bitcoin and you really want to put it in USDT or stablecoins, that's your choice, but you should know the consequences before you do that. But if you ask me, invest in bitcoin because it will really grow a few months from now.

The OP, for what I can tell from their post, do not seems to be interested in becoming an investor, they just want to save their money and keep it safe, so with this in mind, bitcoin despite how an amazing investment it can be, is not really a good option to them, since its extreme volatility will most likely scare them and then they will sell for a loss, however stable coins have their own fair share of problems, and unless the OP is aware of them and knows what to do in case they encounter them, they might as well just keep their money in their local currency.