Volatility protection with stablecoins

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    • #257356 Reply
      Vivivi
      Guest

      Hello everyone!!! I recently came across the topic of cryptocurrency volatility when a friend invested in ether and it plummeted. Now I’m thinking about stablcoins as a way to protect against such fluctuations, but I’m not quite sure how much it would really help. Stablecoins seem to be tied to real currencies and their rate is less susceptible to fluctuations, but they are not perfect either, right? I wonder how people actually use stablecoins to protect their investments? Maybe someone already has some experience?

    • #257846 Reply
      Edvard
      Guest

      Your topic is very relevant. Listen, I used to invest actively in bitcoin, but after a few sharp drops I decided to try stablecoins. Of course, they will not bring big profits, but they give an opportunity to keep the stability of funds. The other day, by the way, I read an interesting article about how stablcoins are becoming an alternative for banking operations in crypto. Here is the link, maybe it will come in handy: https://midhudsonnews.com/2024/10/22/how-stablecoins-are-transforming-crypto-banking-solutions/ . It’s really detailed there. I’m still experimenting, but I can say that although it’s not a perfect defense, it works.

    • #257848 Reply
      Sashaa357
      Guest

      Hi! This is the first time I’ve seen someone discussing stablecoins in such a way. It’s interesting, of course, how people use them, although I’m not really into cryptocurrencies myself. I see that they are becoming more popular and as if they are more suitable for those who want to avoid risks.

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