Do you rely on Stablecoins?

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There are two types of coin in cryptocurrency market. One is called stable coin and its pegged to USDT. The other type of coins are not pegged to any Fiat currency. With a stable coins we can keep our funds with the purpose that we can utilize the same to buy crypto and the value will not fluctuate because of the stable coin. There are so many coins in the market and after the decentralized finance it has got even more attention. Other coins are based on market their price keep on fluctuating as per the market movement. So these are the type of coins we have in the market but these days a lot of people are interested to hold stable coins when they are not trading.

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Even we have so many options to deposit the funds in pools to earn a decent APR in decentralized finance. Undoubtedly we can earn lot with defi and it is a new face of the investment in crypto market I believe. I believe that it's not a good idea to hold a huge amount of money in form of a stable coins because there is no clear information available for these coins. Even we have the varieties with stable kinds were one is centralized and another is decentralized. If you ask me then I would prefer to go for decentralized because there is no single entity operating the coin and that is why we can rely on it. HBD is a decentralized stable coin on hive network and it's a reliable option.

Coins like BUSD and USDT have got a very good market cap but again some sort of risk is involved it's something goes wrong. There is uncertainty in the market and even with luna UST it was not expected but it happened.

In my opinion it's good idea to keep some farts in USDT when we are planning to buy but just for keeping the funds and that to in use volume is not recommended. If you want to do this then going for the decentralized option is still better or we can go with defi with a stable coin pair because this can help us earn a nice reward.

There are many factors to follow in the crypto market and every individual try something that he or she is comfortable with. But I am saying is my point of view and I prefer this way because I do not want to keep my money at risk instead I would prefer to keep in something where I rely and there is hardly any risk.

Playing safe is important as much as possible in crypto market because the market is voilatile but following right strategy can help us to avoid any loss making situation. These days I'm not much into trading instead I'm more into investment because the market is in bearish sentiment and this is the time when we can build something for the upcoming will run in crypto market. When we are building in the market then we just need to buy and hold for the long period and the same I have been doing for the last couple of months. If the market continues to be in the same way then I will also continue to do the same thing and hopefully in the upcoming will run I will be able to grab a decent income throughout my investment.

Thank you

Posted Using LeoFinance Beta



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Playing safe is important as much as possible in crypto market because the market is voilatile but following right strategy can help us to avoid any loss making situation.

Yes, that's true and as people say "high risk, high reward". If the situation is kinda absurd, it's better to play safe first rather than take a big risk 😅 👍

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We should be able to manage our risk, there is no in having all our hard earn money in stable coin. We should be able to balance it and manage our risk properly

Posted Using LeoFinance Beta

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