STABLE COIN BETTER THAN BITCOIN AND MAJOR CRYPTOCURRENCIES?
Market volatility and value fluctuations are scaring some investors away from Bitcoin – but stablecoins could be one solution. The volatility of bitcoin and all major cryptocurrencies is very high. For some investors , this condition is not good to secure their asset. Only opportunists traders who like to hold bitcoin. They still use HODL principle. That's not wrong but after dropping the price of bitcoin from 20 K USD to 3600 USD. Most cryptocurrency markets hit and stumbled by bitcoin drop.
A lot of investors lost because of the dump of the price. Only Tether and other stable coins that still remain strong. Stable coins are coins with underlying asset like dollar reserve and gold. The price is more stable than cryptocurrency in general.
Now there are Gemini dollar , True USD and Dollar coin. They are coins backed by underlying asset. Investors will secure their asset in more stable coins will be trend in 2019. They learned from experience of holding cryptocurrency and lost a lot of value because of the bad market.
What do you think to invest in 2019? Do you still hodl bitcoin, eth or other major cryptocurrency? O do you prefer to buy ICO coins? You know the answer better than me!
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The only question left is how stable are stable coins. Right now there is high demand for them and they manage to keep price. But if the market changes, will they continue to maintain stability?
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