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[Razor1911]

The question may sound a odd to people who has better understanding of how crypto market works. But since I am a newbie in the crypto world (Actually using crypto wallet for last couple of years, but not sure about how it works), hence I am exploring new things daily in order to adapt myself with the market.

I have come across with the Stable coin like USDT and USDC. Thes are called stable coins because these are stable at mostly a fixed price. But why do their value doesn't increase, As like other crypto currencies? Can anyone please explain to me.

 

[SCAMEXPOSER]

I cannot recover the $300 I lost, but kept my stablecoin for interest, it is not much but simply good return like bank interest.
Stablecoin is helpful to avoid heavy loss, those who do not have, they should also convert a part of their currency to stablecoin, but avoid ERC tokens, their transaction fees will result in more loss than market fall.

It is advisable you safe all ERC 20 tokens in your Exchange platform because of their fee so you can easily convert them to USDT.Whats the interest for your saving your usdt?.

 

[Yugocean]

ERC network chain I think developed for heavy transaction. If you execute small transaction with this, then surely the fees is too high here and that will eat up your balance. Better use TRC network.

Thats what I am planning because of low fees by Tron blockchain.

It is advisable you safe all ERC 20 tokens in your Exchange platform because of their fee so you can easily convert them to USDT.Whats the interest for your saving your usdt?.

Right now I do not have ERC token anymore, expect the ADA which I don't know why fees like ERC? Because Cardodn is separate blockchain. However it is possible due to being founded by Ethereum co-founder Hoskinson.

 

[SCAMEXPOSER]

Thats what I am planning because of low fees by Tron blockchain.


Right now I do not have ERC token anymore, expect the ADA which I don't know why fees like ERC? Because Cardodn is separate blockchain. However it is possible due to being founded by Ethereum co-founder Hoskinson.

I think despite Cardano having their blockchain they still run on ethereum blockchain network so the fee will be higher. Transfer it to exchange and Exchange to USDt anytime.

 

[Razor1911]

Putting it in that perspective is definitely showing a good potential profit from a minimum risk investment and i think that it could work. You may have to have patience in some cases however as the price can take some time to change by a cent, but it is definitely something worth venturing into.

I have tested the strategy. But it won't be a good one. Firstly even if I trade for 0.5 value of the USDT, the charges are so high that almost 80% of the profit will go as fees, and secondly it will require more margin as USDT trading requires more margin.

 

[SCAMEXPOSER]

I don't understand margin trading yet so I can't say much about it. Please whoever has experience in margin trading should share with us.

 

[Yugocean]

All my Cordano (ADA) are in Binance, and now staked for just 1.3% APR.
I hate it because this is the crypto which made me huge loss.

But about Stablecoin I am using Binance's BUSD, it is also like USDT but on Binance chain.

 

[Dora_WalletInvestor]

I have tested the strategy. But it won't be a good one. Firstly even if I trade for 0.5 value of the USDT, the charges are so high that almost 80% of the profit will go as fees, and secondly it will require more margin as USDT trading requires more margin.

I was just about to write this, trading with a stablecoin, exchange fees can completely eat your profits.
Stablecoins' funcion is mostly to provide an option in which you can keep the money in between trades - that way you don't have to withdraw or take on extra risk every time you sell the crypto you are trading.

 

[Razor1911]

I was just about to write this, trading with a stablecoin, exchange fees can completely eat your profits.
Stablecoins' funcion is mostly to provide an option in which you can keep the money in between trades - that way you don't have to withdraw or take on extra risk every time you sell the crypto you are trading.

Yes i tried this strategy practically. At first when I imagined the strategy, it looked like a perfect shot for me, as the profit was secure. But doing practically only revealed the drawback of thr strategy

 

[lavishman]

It has a purpose of minimalise price changing from one side to another, by keeping it's value comparable to real world things. They will always stay at 1$

 

[Razor1911]

It has a purpose of minimalise price changing from one side to another, by keeping it's value comparable to real world things. They will always stay at 1$

Yes. But what was my doubt is that if the price of USDT relevant to USD then it should not fluctuate also. Because its value will always be equal to 1. Neither higher nor lower, but still it fluctuates around that 1mark.

 

[SCAMEXPOSER]

All my Cordano (ADA) are in Binance, and now staked for just 1.3% APR.
I hate it because this is the crypto which made me huge loss.

But about Stablecoin I am using Binance's BUSD, it is also like USDT but on Binance chain.

Can I know has been a very good coin how come that you made losses from its? I only hold usdt or busd when I want the market to dip before Investing.

 

[Yugocean]

Can I know has been a very good coin how come that you made losses from its? I only hold usdt or busd when I want the market to dip before Investing.

I decided to buy ADA from a big part of my BUSD, and that was the big loss; I informed this many times. So now I will never plan to buy more of this crypto. When it will rise, I'll exchange it to get some amount, otherwise right now perhaps I'll lose more in exchanging ADA.
While keeping BUSD in stake too will give some return.

 

[SCAMEXPOSER]

I decided to buy ADA from a big part of my BUSD, and that was the big loss; I informed this many times. So now I will never plan to buy more of this crypto. When it will rise, I'll exchange it to get some amount, otherwise right now perhaps I'll lose more in exchanging ADA.
While keeping BUSD in stake too will give some return.

I bought ADA when the price was $1.4 currently the price is $1.72 so it is rising gradually, I know the all time high is $2.43 so if get to that amount I will trade off.

 

[Wisdom01]

Yes. But what was my doubt is that if the price of USDT relevant to USD then it should not fluctuate also. Because its value will always be equal to 1. Neither higher nor lower, but still it fluctuates around that 1mark.

The flunctuation is just little tho ,that is why many are holding stable coin ,because of how stable it is and others makes people to consider it

 

[SCAMEXPOSER]

People holding stable.coins are either holding to convert to Fiat currency or Stake it for profit while they don't expect a drop but such people may not have the mind to trade.

The flunctuation is just little tho ,that is why many are holding stable coin ,because of how stable it is and others makes people to consider it

 

[Wisdom01]

People holding stable.coins are either holding to convert to Fiat currency or Stake it for profit while they don't expect a drop but such people may not have the mind to trade.

Yeah if i could remember ,there are saving platform like binance own ,where by you could stake the usdt you have and earn some certain amount

 

[Razor1911]

I bought ADA when the price was $1.4 currently the price is $1.72 so it is rising gradually, I know the all time high is $2.43 so if get to that amount I will trade off.

Cardano is no doubt a good investment for long term. Just wait for couple of years. Your money will surely be multifold. 3 months ago only people thinking that it may not cross 0.50 mark, but see where it is trading now, at 1.8

 

[Wisdom01]

Cardano is no doubt a good investment for long term. Just wait for couple of years. Your money will surely be multifold. 3 months ago only people thinking that it may not cross 0.50 mark, but see where it is trading now, at 1.8

I have noticed that almost every uear ,the coin keeps improving in price and i am optimistic that it would continue like that ,as it might get to $5 soon

 

[Razor1911]

I have noticed that almost every uear ,the coin keeps improving in price and i am optimistic that it would continue like that ,as it might get to $5 soon

It's because the price of per Satoshi is also increasing. Suppose you made a transaction and fees was 100 satoshi last year. The fees would be calculate in that price chart of that moment. But the value of same 100 satoshi will be more today. It is because of the increase in value per satoshi of that coin.

 

[microunit]

I have noticed that almost every uear ,the coin keeps improving in price and i am optimistic that it would continue like that ,as it might get to $5 soon

I think cardano pumped up recently because it had a big project that was under it's system , forgot the name of that project but it was in news, if new projects go under cardano then maybe more growth might be seen