Quote from: JeffBrad12 on Today at 02:06:24 PM

Quote from: Kelward on Today at 06:50:40 AM

What you said makes common sense, because I think too that the best place to earn profit or interest in this road to bull run is in an asset like Bitcoin, you hodl it and in one year's time you're getting a good ROI, after the bull run, then you can consider staking it on a reputable stablecoin. In the crypto space, it's mainly Bitcoin that I can leave my money in and feel very comfortable, if I however want to choose an exchange to stake usdt, I'll be more comfortable with Binance, because it's a reputable exchange.

its indeed better if we can just invest in bitcoin, but sometime there are just some good event that are offered by these exchange that make us interested in staking our stablecoin.
remember ENA launchpad back then was people staking their FUSD if im not mistaken and they are getting good return with big capital.
the launchpad also happened short term too so its definitely good enough to just stake in some of binance launchpool and hope for the best.
then once the profit is taken out we can come back to bitcoin again with our money and reinvest, that only if there is no sudden bitcoin rally around that period otherwise we might miss
the opportunity to reinvest in bitcoin, but so far I've seen many event where staking USDT does give good rewards.

That's true, nobody really wants to hold USDT or any other stablecoin, if the entire purpose of going into crypto was just to hold stablecoins then we would have just stayed at fiat, at least fiat is backed by governments, whereas stablecoins are just owned by corporations, so we would stay away from that. However, there are moments when we believe that we should stay at stablecoins and hold it for a while, so that when the price goes down then we would end up buying bitcoin, that would of course make more sense.

However, we may need to end up holding it longer than we desire, which means that it is not going to be that much profitable for us to just straight up hold it, hence that's when all these interest gaining mindset arises. I think it makes sense, no matter how small it is, it is better than zero.