Stable coins can be profitable.

[Sotherefore]

Wow that's seems to be a good idea, I will like to be investing my money on stable coins aswell, can you recommend a stable coins that I will save my money on.

Stable do not necessarily generate money to investors. It is just like a way of storing your money in another country's currency. Volatile crypto-currency are those that are likely to generate profit but at the same time risky. Busd is the best option for me.

 

[Agbalagbaa]

Stable do not necessarily generate money to investors. It is just like a way of storing your money in another country's currency. Volatile crypto-currency are those that are likely to generate profit but at the same time risky. Busd is the best option for me.

Okay from the explanation you made it seems busd it is stable coin, investing your money on those kind of coin will be a good idea especially if you don't want to risk your money.

 

[Sotherefore]

Okay from the explanation you made it seems busd it is stable coin, investing your money on those kind of coin will be a good idea especially if you don't want to risk your money.

Is just exactly like you investing your money in the US dollar , it will be of a greater advantage if the economy of your country is depreciating because when you have to withdraw it to your local currency you will have enough interest rates depending on the rate of inflation .

 

[Syldan]

Actually there are stable coins even though I don't know much about them and how increasing in value it can be within a period of time. it can really be profitable I think if you invest well.

 

[GIFTMICHAEL]

The stablecoins are known to be coins with fixed value that is they don't go be on $1 but I discovered that one can still make money from disc stablecoins in the sense that the exchange rate for the dollar currency varies from country to countries and they are not so stable so if one has enough stablecoin when the price is low to your Local currency you can buy more when sell when the price increases. Share your views

I don't think so stablecoins are going to be profitable for us it's like if you want to save your money in any currency are coin you can save your money in this coin that's it.

 

[Ronny_4son]

Stable coins such as USDT, USDC and BUSC can be profitable given that their values are in line with the value of the fiat US dollar. When the dollar rises, you will obtain a profit because the stable coin will also follow suit in rising

 

[Agbalagbaa]

Is just exactly like you investing your money in the US dollar , it will be of a greater advantage if the economy of your country is depreciating because when you have to withdraw it to your local currency you will have enough interest rates depending on the rate of inflation .

That will be a good idea, but f you have good interest on investment it's going to help you very much, a lot of people have failed because they don't know what's investment is all about.

 

[Sotherefore]

That will be a good idea, but f you have good interest on investment it's going to help you very much, a lot of people have failed because they don't know what's investment is all about.

Yea, I am saving up some of my money in usdt, I think it is much more better this way because you don't know when the price of bitcoins will go down there by affecting other cryptocurrency. I don't want further depreciation.

 

[Sincerem]

People that converted their money to stablecoin before the bearish season take place have been able to save the value of their money. That is one of the important of stable coins and that has really saved so many people.