keeping your assets i stablecoin in bear market until the bottom be worth doing?

[0t3p0t]

Yeah if you just buy and hodl vice versa USDT is good but if you want to play with Altcoins on alt season it will work good as well. I am not familiar with the Chinese and Russian currency as an alternative but you might want the strongest currency like US dollar, Kuwaiti Dinar, Pound Sterling and Euro. Inflation is our only headache while holding fiat so beware and be wise.

As long as you're aware of the risk carried by using a stablecoin, especially if the issuer is not on friendly terms with the government. That being said, what about asset-backed tokens like gold? I remember seeing a project claiming their token is backed by gold and anyone can check their vault to see if the gold exist or not. I'm pretty sure it is not a good long-term solution either since you can't really withdraw any gold, but should be better compared to using meme coins to store your wealth.

Well yeah that coin backed with gold is really a better option short term compared to having memecoins as an alternative to store our profits from the bullrun. USDT maybe has I think no existing problems with my country's government so I think it is all good to have it since inflation is already hitting hard now with our local currency.

[albon]

This should be your strategy because it takes a lot of experience to understand when the market is dumping. So in order to survive and profit in crypto you need to invest. And this investment will not always turn to profit because the crypto market is volatile so you have to deal with profit and loss situations. Just a few days all altcoins including btc are going under dumping and not everyone knew about this beforehand so not everyone got a chance to buy stablecoin to sell there altcoins. Few days ago i bought dogs token and now it is facing dumping situation and i am inside huge money loss. So i now buy stable coin with dogs sell? Then the amount of latch will be more than my profit.

[_act_]

One of the benefits for the use of stablecoins is that they are not volatile as the other crypto coins, instead were being pegged to the normal rate of the USD, its very important for us to know that when the market dips, we are to retain our asset while still holding on coin like stable-coins before we make the right investment when the market dip had been completely achieved.

[bitterguy28]

One of the benefits for the use of stablecoins is that they are not volatile as the other crypto coins, instead were being pegged to the normal rate of the USD, its very important for us to know that when the market dips, we are to retain our asset while still holding on coin like stable-coins before we make the right investment when the market dip had been completely achieved.

it is very convenient to hold some stablecoins so that in times of volatility we can quickly convert our coins as we see fit we know that time is of essence and we want to make sure that we minimize the time it will take us to buy/sell a coin so holding stablecoins in your exchange is a lot for convenience

[Sim_card]

here's a situation, lets say you made money up to $300K this bull run and then you keep it on USDT and then waiting for the market to bottom. 

would it change your position and not keep them in stablecoin instead if looking at the future that $300k might not have its purchasing power due to inflation?

It all depends on your intention on what you want to use the money for. If you will need it in a short time, it is better that you leave it in USDT instead of bitcoin. However, if you intend to hodli for long, and you want to gamble to see how you can double your funds, it is good that when the bull run is at its peak price, ypu convert to USDT and when the bear market comes, you can convert it back to bitcoin and keep hodli, I believe you will be in huge profit overtime.

[Findingnemo]

I won't keep as stable coins because I know these centralized tokens can be frozen any time by the issuer anytime if they want and I don't want to face legal fight that may take lot of time so just convert into the fiat is my choice than the fiat and it's now possible to buy big amount of BTC in just a matter of minutes these days via p2p so as long as the money is in bank I don't need to worry about missing the right moment of market trend reversal.