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[AudraMiller]

The price of Bitcoin has been extremely volatile lately and for many people this has been an opportunity for them to get out of the cryptocurrency market. However recent news has actually shown that many people are not cashing out to their bank accounts and rather stable coins have become increasingly popular during this time. It seems that according to the trends on major cryptocurrency exchanges many people are actually turning to stablecoins and cashing in their Bitcoin in terms of stable coins that can lead to be held in order to purchase more bitcoin when the price decreases even further. This shows that people have quite a substantial confidence in Bitcoin and are looking forward to a further drop that could help them to increase their investment.

 

[Wisdom01]

The constant huge drop in bitcoin is really making people consider using stable coin to hold their investment and picking or finding the best time to buy , and also people are using the stable coins to trade making it more popular

 

[BullyMaguire]

Well they're probably in the middle of waiting on how much coins will go down and while doing so the safest hodling would be a stable coin

 

[microunit]

Probably majority of the people invested in bitcoin when it was high and now they are on the losing end so now they are waiting for it to fo back up before using it

 

[microunit]

You are absolutely right about that. The stable coin like the USDT are gaining popularity in the crypto space . Investors tends to convert their bitcoin or any other volatile coin to stable coin instead of withdrawing into their bank account

Well as many people are scared of the volatilities that they may lose money so they convert them to stablecoin , although some stablecoins have their own unique features like USDC being used for DeFi

 

[Josemendez]

Am not surprised that this is the case because bitcoin Volatility really made many people scared and they had no other option than to be there into stable coins.

 

[AudraMiller]

Am not surprised that this is the case because bitcoin Volatility really made many people scared and they had no other option than to be there into stable coins.

Putting your funds into a stable coin is a very good idea, however those that do so will not be benefitted by the price increases in bitcoin in the future if they do not get back into bitcoin at the right time. It is quite risky to do that as well, from a stationary investment perspective.

 

[Josemendez]

Putting your funds into a stable coin is a very good idea, however those that do so will not be benefitted by the price increases in bitcoin in the future if they do not get back into bitcoin at the right time. It is quite risky to do that as well, from a stationary investment perspective.

People change towards stable coins when the coins are in bearish period and once they began to rise , they will switch back to buy coins

 

[AudraMiller]

People change towards stable coins when the coins are in bearish period and once they began to rise , they will switch back to buy coins

This is a good way to secure your funds and i do understand this. You convert to stable coins at the high prices and buy back the lower prices resulting in a very good and profitable trade.

 

[AudraMiller]

Good ,the stable coins have certain similarities with the volatile coin . The sharp difference is the volatility rate. Both the stable coin and the volatile coin are all traded in the crypto market.

There is little volatility with stable coins. I think that the most change that i have seen on a stable coin over a 24 hour period was likely around 5%, whcih is not that much compared to the other cryptocurrency in the market.

 

[AudraMiller]

Obviously, stable coin fluctuate too but the degree of fluctuations is not pronounced as it is seen in other cryptocurrencies. Fiat currency fluctuate too but the level of fluctuations isn't that significant.

yes the fluctuation with fiat currency in relation to that of other countries is generally small and as a result you need a much larger investment in order to see a good profit when you are involved in forex trading.

 

[a_jerobon]

People are really becoming wise in that manner. Storing their money in form of stable coins is a wise move. Then they keep analyzing bitcoin's price so as to know when it is best to buy it.

 

[SCAMEXPOSER]

People are really becoming wise in that manner. Storing their money in form of stable coins is a wise move. Then they keep analyzing bitcoin's price so as to know when it is best to buy it.

That's just the best then they don't rush into cryptocurrency Investment because the stable coins are readily available so they enter into the market at Intervals.

 

[Niftyicon]

Keeping funds in stable coins just shows that there would be future crypto investments just that people are waiting for the right timing to do so.

 

[Kelvin Mathias]

The price of Bitcoin has been extremely volatile lately and for many people this has been an opportunity for them to get out of the cryptocurrency market. However recent news has actually shown that many people are not cashing out to their bank accounts and rather stable coins have become increasingly popular during this time. It seems that according to the trends on major cryptocurrency exchanges many people are actually turning to stablecoins and cashing in their Bitcoin in terms of stable coins that can lead to be held in order to purchase more bitcoin when the price decreases even further. This shows that people have quite a substantial confidence in Bitcoin and are looking forward to a further drop that could help them to increase their investment.

The cryptocurrency, remember, dropped from a peak near $65,000 into the low $30,000s, with the volatility driven by concerns about regulation, the environmental impact of mining, and comments from Tesla CEO Elon Musk. It was quite shocking for those who invested.

 

[Josemendez]

The cryptocurrency, remember, dropped from a peak near $65,000 into the low $30,000s, with the volatility driven by concerns about regulation, the environmental impact of mining, and comments from Tesla CEO Elon Musk. It was quite shocking for those who invested.

Indeed it was devastating but the fact is that all the old users of cryptocurrency already knew that such thing is going to happen , so they were not surprised with it .