Post
Topic
Board Altcoin Discussion
Re: Is it good or bad idea saving every penny on crypto stable coins
by
Essential10
on 20/03/2024, 16:51:14 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?
I don't think saving using USDT would be too bad.  Although it is a fixed currency, usdt can create currency value differences with the local currency of different countries.  If your country's currency is not USDT, you can convert USDT to own country's currency for personal needs, the price of USDT may be lower or higher in economic context, but it won't make much difference.  Whether you keep your currency in a bank or stored in USDT is up to you. But If you are thinking of increasing your financial goals in the future then definitely you need to make investment decisions,Be it Bitcoin and any other investment sector.