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Stablecoin or bitcoin

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On 10/15/2019 at 2:02 PM, corrao25 said:

There are risks in BTC that in stablecoins. I only trade on sites where there is USD. I still have questions about whether the stablecoins are backed by real dollars? So far I have not seen this evidence. You would be especially careful with the USDT. I hold BTC as an investment and USD to buy if BTC still falls

Investment is essentially speculation and if we keep a stable currency, the value of the portfolio will not change. Stable money will be useful if we trade on the market and turn stablecoins into trading tools to double the value of our portfolio. If you use a stable currency, then why should you invest in Bitcoin, instead keeping all the money in your home.

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I use stablecoin for trading. In case of a strong fall, you have to keep the asset in stablecoins. There's nothing strange about it. This is a normal auction.

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I think it doesn't make sense to exchange bitcoin for stable coins right now, since they won't grow as much as bitcoin after halving

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On 9/29/2019 at 3:17 PM, xBDT Script said:

Although I am not a fan of Libra in fact I see them as a centralized coin. But I think eventually Libra will bring more people into Bitcoin.

Facebook is big. Because of Libra people will hear about cryptocurrency a lot and they will fall for Libra. Once they are in the space they will eventually find Bitcoin and will realize where to move. So ultimately it's a good thing for Bitcoin.

By the end of this year it will reach unlimited hype in the market. If you are an active trader, you can buy and sell on a satisfying level. I am also worried about the current situation but I decided to keep my btc constantly because I know that this drop is just normal. early btc values can always recover.

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On 9/26/2019 at 12:50 PM, xBDT Script said:

I am reading people are worried about the price fall of bitcoin which is currently now $7,913 (preev rate). Some people are thinking to convert their BTC to stablecoin. I am a BTC holder and I have seen this many times. 

 

What would you do considering the current market? Are you going to hold your BTC or moving them to a stablecoin like the donkeys doing?

Welcome my friend
Bitcoin is one of the strongest cryptocurrencies at the present time
I think Bitcoin will reach new levels and good prices in the future. I advise everyone to invest in it

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Stable coins are useful as their value remains constant. So stable coins can be used as a safe haven when the price falls or rises. Stable coins can be used to avoid the loss when the price falls or to store profit when you sell after a price rise. But stable coins cannot generate profits and they can only be used for storing and not trading.


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In a situation like this, its good to hold your bitcoins because patient is the key for any investor who needs to earn profit with bitcoins. Exchanging them with low profit, will make you regret when price will grow.


Time is the ultimate weapon!

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Do not criticize others, my friend, for everyone who has his psyche, and how he thinks about these conditions. It is possible that you have experience in this field and know that the price of bitcoin will rise again and penetrate the level it was. While there are some beginners who are embarrassed by the fear and loss of what has been invested in digital currencies. In my case, I will wait for it until it reaches the bottom level or until it stops and I increase profits, and that increases the investment over the first.

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Учитесь, учитесь и учитесь на своих ошибках :classic_smile:

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On 9/27/2019 at 12:50 AM, xBDT Script said:

I am reading people are worried about the price fall of bitcoin which is currently now $7,913 (preev rate). Some people are thinking to convert their BTC to stablecoin. I am a BTC holder and I have seen this many times. 

 

What would you do considering the current market? Are you going to hold your BTC or moving them to a stablecoin like the donkeys doing?

I think bitcoin price drops are only temporary and it happens a lot, even if people change their bitcoins to stable coins, I will keep bitcoins, because I think bitcoins are more valuable than stable coins, I am sure the bitcoin price will recover afterwards. half and will move up to the highest score by the end of 2020.

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i think that the bitcoin have high value in the many crypto users, so i don't thing that the price will be down and it stay always number one in the coinmarketcap 

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Stablecoin is highly useful for us if we are about to cut the losses while performing cryptocurrency tradings. Investing the amounts in stablecoin to hold for a long time by expecting the huge profits is not a good idea because there will be no remarkable price volatility for the stablecoin.


 

 

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I will not keep holding while the price is dropping because i will get a loss. Let say i have purchase bitcoin for $8000 and you hold it then it drops to $7000 an it keep dropping! Will you keep holding until it reaches $3000? What if it reaches lower price and it not recover?

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On 4/30/2020 at 6:18 AM, NevermindNe said:

I think it doesn't make sense to exchange bitcoin for stable coins right now, since they won't grow as much as bitcoin after halving

Well some times bitcoin prices decrease then exchange bitcoin to stable coin its not a bad strategy, because we don't know how much bitcoin prices drop if we want our investment safe then exchange btc into stable coin, once btc price increase then buy same amount of btc and earn profit.


 

   

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On 4/26/2020 at 10:52 AM, CryptoMaxim said:

I use stablecoin for trading. In case of a strong fall, you have to keep the asset in stablecoins. There's nothing strange about it. This is a normal auction.

That is a very good strategy, it is also the reason many people are trading today, if there is not stable coins, trading will my make good sense, many people will not have any option than to lose during break market because almost all unstable coins are falling at ones. 

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On 9/26/2019 at 10:50 PM, xBDT Script said:

I am reading people are worried about the price fall of bitcoin which is currently now $7,913 (preev rate). Some people are thinking to convert their BTC to stablecoin. I am a BTC holder and I have seen this many times. 

I am with you this crypto market if this dont have ups and downs the why people get interested on it and now the price of bitcoin is around 11k usd  which is not a good time to buy btc and another thing that ii advice you that never dead your money if bitcoin is selling in profit then sell and wait for another chance to buy again at low price instead of waiting that price goes to 50k usd THANKS .

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Even if the price of bitcoin goes down, I will stick to bitcoin and will not turn it into a stablecoin, bitcoin is more profitable when compared to stablecoins, decreases in bitcoin prices are common and don't panic, because the decline is only temporary.

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If you have high investment then bitcoin will be better option but if you have low investment then invest in alt coin for better earning. Long term trading in bitcoin will be best and profitable. 

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It's hazardous to change over your crypto to on the off chance that you are figuring cost will plunge more. You won't get the full coin if the value moons back when you're not suspecting.

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Hello, the ideal is that you buy btc every time it has a fall, that way you will have liquids to buy other stablecoin and you can generate double profits since btc tends to go up sooner or later.
Edited by rikrdo9
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stable coins are for sure valuable yet we should just utilize it with some restraint and not to the point that it will crush the repuation of bitcoin . for the present , im likewise stressed over the current circumstance however I chose to hodl my btc continously in light of the fact that I realize that this decays are just ordinary . before long btc worth can generally recoup. moving coins into stable coin makes me imagine that the estimation of btc can drop all the more uniformly so its a no for me . we are stressed over the btc esteem however here and there we are the ones that are doing likewise confuses which causes with its incentive to decrease . 

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they both have there purpose. but if you want to collect profit you wil go for stablecoin and if you want make more or participate in the largest coin ever you can go for bitcoin

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i rather hold Bitcoin if you want stable coin why not real dollars in exchange, except if you don't want to pay taxes.

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Stable coins are same as fiat money, created out of thin air. I would never convert any of my crypto with stable coin. Ready to accept loss or profit whatever it is. Stable coins are not backed by anything which is very risky. By the way, bitcoin has recovered a lot as you can see the price now over 8000, earlier price was a slight correction from the previous move.

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