Stablecoin Trading & Lending

[Mridul Rahman 1058]

To get profit from stablecoins, a great amount is needed. Stable coins doesn't gets pumped that much. But sometimes a single perfect may gets dumped. If anyone have a great amount then he can earn a little profit from it within few days. Cause stable coins just pump or dump between 1% . So it is sure to increase or decrease. So i guess stable coin can be useful for those who have huge money.

[guatazoo 7150]

Sure stable coins are really benefited because they are used both in trading and lending, but volatile coins like bitcoin they are best in trading only but not lending. 

[joemcgwa 3227]

On 12/19/2020 at 3:08 PM, guatazoo said:

Sure stable coins are really benefited because they are used both in trading and lending, but volatile coins like bitcoin they are best in trading only but not lending. 

But if you lend non stable currencies which has big possibility to grow like bitcoin, there you'll be getting profit twice if the coin has raised while the borrower already return the interest.

[Abdulrahman3 1252]

What is the benefit of trading stable currencies? If it does not rise or decrease, and thus it will not achieve any profits from it and will not lose anything, this is not called a currency in my opinion, but perhaps we can call it an expensive metal or a gem that can be kept to preserve the real value of money, but the currency is one of its most important features is the fluctuation of its value.

[BullRunBit 2773]

5 hours ago, Abdulrahman3 said:

What is the benefit of trading stable currencies? If it does not rise or decrease, and thus it will not achieve any profits from it and will not lose anything, this is not called a currency in my opinion, but perhaps we can call it an expensive metal or a gem that can be kept to preserve the real value of money, but the currency is one of its most important features is the fluctuation of its value.

Like with fiat? Off course not same, but similar.

On which pair you trade BTC when you want to sell/buy with fiat/stablecoin? USD/BTC, USDT/BTC or BTC/USDT?

Check out on Yobit: https://yobit.net/en/trade/USDT/BTC

You probably must to learn more about cryptocurrency trading. 

[Hanbal 359]

I don't know of any site that lend out stable coin  though there is less risk in stable coin because their price is always stable it is less volatile as for yobit i don't know if there is availability for stable coin to be invested on invest box .

[teebasas 3018]

Many coins have been indexed to the US dollar throughout history. Do you know what happened to them all? They'd all given up. Tether, like any other stablecoin, has no chance of surviving. We'll wake up one day and check rates, and our mouths will gape open in surprise. It's possible that it'll have a similar negative impact on Bitcoin.

[betelihem 4766]

On 3/12/2020 at 11:04 AM, BullRunBit said:

You can trade stablecoins with with their own market for example USDT have own market where you can trade with other coins or fiat,

Yeah we can exchange stable coins with other coin but their is no profit from trading with stable coin for that matter we can lose our moneys because of the transaction fee, most times stable coins are used for holding our money for some time.

[Ameralsamt 2558]

My friend, trading stable cryptocurrencies doesn't think it makes us profitable, so I don't recommend it, but keeping money and currencies in stable cryptocurrencies is the best option to ensure that you don't lose. 

[BullRunBit 2773]

@teebasas@Ameralsamt@Sakalicious1

"not profitable" do you know at all what is stable coin? And that rate is 1:1 with fiat?

Which means that is similar like you trade cryptocurrency with fiat?

OK, I understand that on some network transaction fees are high but there are other networks too which support stable coin/s. For example TRON, if you have there USDT there is fees lower and there are lending platform too.

Just you need to research, does not draw conclusions too soon. ;)