Trading with stable coins to get profit. It seems weird but it may be possible!

[Fa19ba045 453]

On 6/7/2020 at 2:17 PM, Brushless4500KV said:

As you all know, stable coins are supposed to have very stable prices and they are usually used for storing value like fiat currencies. These digital coins are pegged against USD and each one of them should worth exactly 1 USD. The most famous stable coin of all time is USDT (Tether). Despite this, according to what I saw in its price behavior over the last month (a period of 30 days), it seems that this stable coin is not quite stable as it should be! I mean it has fluctuated a lot in one month. You can see this in the following chart from Yobit. Now, I thought about buying and selling USDT for profit. What do you think about it? Do these price movements high enough to bring profit for traders? I know it is not as volatile as something like LTC for example but for a coin that has been developed to be stable all the time, this is too much volatility!

 

 

You are right dear but now  a days the volatility is much increasing even the price is changing minute to minute. All the price of all the coins are changing due to the trading so it is not easy to predict that which coin is going stable but I noticed that the demand of any coin is increasing it's price is also increasing. 

[tienda 8776]

23 hours ago, scofield64 said:

you need to invest huge amount of money in order to gain profits

Yes @scofield64 maybe with high amount will more profitable. I think it is possible to make or to get profit with stable coin, but always during or when there is a high volatility cryptocurrency market. Stable coin is the lowest risk option we can choose to earn money in cryptocurrency. So in my opinion we can get advantage with stable coin at the moment, when the cryptocurrency market it is turbulent.

[Atik56 19]

I invite you to check again the price of the currency. I have not urged any change in its price for a long time, even if it goes down,therefore traders are the ones who determine volatility according to their requests, that is, we cannot prevent someone who wants to sell Tether at a price of $ 0.99 or someone who wants to buy at a price of 1.01 $.

 

 

[Khan 1414]

Coin stability is the main thing to consider before investing into the crypto worlds. The most stable coins are the ETH, Doge, XRP but they also change when the BTC pumped.

[Smallingcane012 344]

Trading to get stables profit is good but if you feels it will not favour you you can change your pattern to another form in order to get benefit on your own.

[Abdulrahman3 1252]

If you want to buy and sell currencies for profit, you should look for the most volatile currencies, not the least volatile, and since the USDT currency is not very volatile, it is definitely not the best option, perhaps Bitcoin is the best option, or even a coin Talk .

[Liliz 529]

As we all know that stable coins offers price stability, some stable coins offers votality-free valuations. Through buying and selling of assets, stable coins aims at price stability. The most volatile coins should be considered when choosing option of transaction, they are tends to be tied at a fixed value price. Ethereum is ome of the fixed stablecoins that many of pit into consideration when choosing.

[Arslan Ch 2163]

Stable coins are good choice for long term trading as we can eadn profit from it when the price fluctuate or rise such as Bitcoin and ETH both the coins are good for long term trading as Currently both are on rise and their investors are very pleased with their choice and decision.So I think such coins could give us good benefit if we use it for long term investment with a better strategy.

[Goyaa 2414]

I think it is difficult to trade with a stable coin like USDT there is no profit there, even if there is a profit it is very small. If you want to trade, use coins that have high price fluctuations so you can get a lot of profit. But if you want to try experimenting it doesn't matter to me.

[Brushless4500KV 4214]

12 hours ago, Martha Charlotte said:

Investing in fiat-backed stablecoins such as USDT can be a handy option for investors who are biding their time to invest in a volatile asset such as Bitcoin. ... Over time, the assets may appreciate in value and they may prove to be profitable long-term investments

Stable coins are not suitable for long term investment. In fact they are not good for any kind of investment because their value will not move significantly. I think USDT is the best option for those people who want to practice trading without using demo accounts. As you can see on the charts, USDT has very little fluctuations. It usually falls to $0.996 and rises to $1.008 and always moves within this range. Something that makes it safe for practicing is that it never crashes heavily because it is supposed to worth $1 all the time. You can earn $0.50 profit by trading it (if you buy $100 worth of Tether) which is not a lot but absolutely risk free and this is what beginners are looking for.

[afez420 20]

This is called arbitrage in finance terms. It can be highly profitable and might be a worthwhile strategy to try out as long as the fees you pay aren't too high.

[Syriana 350]

I think that this is true and that investing in this currency will constitute a good profit for you and useful, especially that it is linked to a semi-fixed currency, meaning that you can earn through it because its movement is daily and good, but you need a very large amount for the interest to be great and you can earn more profits in this way