RE: Steemit Crypto Academy Contest / S8W2 - What are Stablecoins?
You have really written a lot about what stable coins are. Some of which i didn’t have any idea about but i do now.
It's true that the fluctuating nature of a crypto asset can make an investor become rich over night, but it's also important to know that this same changing trends could bankrupt and make an investor go completely poor.
I strongly believe that was the reason for the introduction of the stable coins. Because assuming the market fluctuate and one is lucky enough to make a very good amount of money and then he or she according to their analysis wants trade again but would want to keep the money out of the trade and then keep it safe. So the best option for that particular trader is to keep it as a stable coin. With that, he can immediately go for it and find his money just the amount he kept there. This is because the money kept as a stable coin is meant to be stable without the price changing.
I really enjoy reading your article bro. Good luck buddy
Thanks for your unending and sincere support thus far dear friend. You have shared a very nice and relatable illustration friend, because in most cases when value can't be maintained any longer, it would cause frustration and misunderstanding within traders.
We ought to always appreciate the existence of stablecoins in the crypto space, as it offers greater advantages to Investors of the market.
I really appreciate your time and show of support here, it means alot to me bro❤️:-)
You are welcome