"Hey guys, I'm looking to put my $1000 into a stablecoin or a low-volatility altcoin and I'm stuck between holding long-term or selling for a quick profit. I've been hearing a lot about the benefits of holding stablecoins like USDT or USDC for long-term but is it really worth sacrificing potential gains for stability? I've got a long-term perspective, but I'm curious to hear your opinions on how to play it safe and still earn some interest."
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"Converting $1000 to stablecoins - Long-term or Sell?"
- Thread starter vasya2007
- Start date
"Hey guys, I'd say convert it to a basket of stablecoins like USDT and DAI. That way, you get relatively risk-free returns through interest while keeping your funds liquid. Long-term, it's not gonna make you rich, but it's better than keeping it in a bank."
"Hey guys, I'd say convert to stablecoins and keep it there for at least 6-12 months. It's better to be safe than sorry, and with the current market volatility, it's hard to predict what'll happen next. Stash it in a low-interest savings account or a high-yield stablecoin vault and wait it out."
marycrysty
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What's your take on latest news?
Issa_issa_issa
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market updates - let's talk
"Yo, I'd personally go with converting it to USDT or DAI, just for the stability and liquidity. Long-term, these coins tend to hold their value, and you can always exchange them for other assets later if you need to. No point in risking it all on some altcoin if you're looking for a safe play"