Do you think it is safer to invest in stable coins than other coins

[blessingc]

Stable coins are coins that are pegged to a fiat currency e.g. US dollars or the British pounds or to assets such as gold or other crypto currencies such as Ethereum or Bitcoin.
The price of these coins do not fluctuate like other coins. I think it is safer to invest in stable coins because they are less exposed to jeopardy, unlike other coins whose market price keeps changing.
The price of Bitcoin falls when major whales withdraw their funds from the market, while stable coins do not need much holders to survive.
stable coins can operate without a middleman e.g bank or brokers even if their prices climb above 1dollar it is still stable though falls a little but not drastically e.g USDT Bep2.
It is better to buy stable coins when it's price are still very low because when the price goes high it becomes difficult to buy
​

 

[Jasz]

Are stable coins safer than other crypto-currencies?
While this questions seems to come with a total yes!;
This question is at the heart of why stable coins were created in the first place, and the answer is that it depends on your perspective. Stable coins are meant to be digital assets that are backed by (and have their value pegged to) real-world assets, such as gold or fiat currencies (like the US dollar). Because of this backing, they were designed to be more stable than other types of crypto-currencies, which can fluctuate wildly in price. However, it's important to note that there is no guarantee that a stable coin will always remain backed by the real-world asset it is pegged to. For example, if a country were to experience an economic crisis or if a corporation were to collapse, its currency could lose significant value, which could impact the value of any crypto-currencies pegged to it.

The key advantage of using a stable coin is that it allows users to benefit from many of the advantages of crypto without having to worry about sudden price fluctuations (such as those experienced with other types of crypto), but this can only happen if the currency is from a with high economic stability.

 

[sincerem]

Stable coins are just like Fiat currencies, it's value doesn't move up nor down, like the way the volatile coins do frequently. But it doesn't mean it isn't okay for investment, we can use it for different reasons when it comes to cryptocurrency transactions. The stable coins which almost everyone know especially for crypto enthusiasts, it is mainly to keep the monetary assets stable from fluctuations especially when we don't want our funds to go down beyond what we speculated. Stable coins also can be used for sending out, if we don't want our funds to be tempered by volatility. Even if you're keeping your funds with the stable coins, you can still gain from it especially when your country's fiat currency has low value in the forex market. Which comes down to being influenced by the country's inflation crisis. Just as my country's fiat values is depreciating when it comes to being at same level with world recognized currencies. The reason is due to inflation, if you're saving your funds around any of the stable coins, you'll be at the gain, because the value of dollar will gain momentum when exchange to your local currency.if it is from the country suffering inflation.

 

[Suba]

Of course if you have a stablecoin it will be safe because it is pegged to fiat money like USD or Euro, and the fluctuation rate of stablecoin will depend on the fiatmoney that is backing it, but you will find it difficult to get profit, from price fluctuations, people invest in crypto like Bitcoin, Ether, Solana etc, expect capital gains.

 

[Mika]

If you check the top 20 cryptocurrencies according to the market cap rank, you see that there are 5 stable coins. Currently, After Bitcoin and Ethereum, Tether stands at number 3 in the market cap rank with the market cap of 80.82 billion USD. Its nearest competitor is BNB with market cap of 65 billion USD. Can USDT topple ETH or BTC to become number 1? Well, that's not possible because despite drop in 40 percent from its all time high, market cap of ETH is still 347 billion USD and market cap of BTC is still 782 billion USD. Just below BNB, at number 5 is USDC, which has a market cap of 52.98 billion USD. Another stable coin BUSD is at humber 12 by market cap rank, Tera USD at 14 and DAI at number 19.
Can you actually profit from stable coin? No! Stable coins do not gain value just like other coins, their value appreciate according to the asset they are pegged with, for instance USD or Gold. Stable coins were created to minimize the risk of volatility. When the price of other coins go up, their market cap will also increase, for instance when bitcoin was all at $68,000, the market cap was over 1.6 trillions.