CRYPTO 101 - THE PURPOSE OF STABLE COINS
I know that it sounds dumb right now, but when I entered into crypto back in 2017, I thought stable coins were just to be used when doing Peer to Peer transfer.
In my mind, if USDT will not rise why should I be holding it in my wallet/account?
It took me almost a year to recognize that that stable coins were not meant to make us profit. They were made to save us from loss.
Whenever you want to take a break from monitoring your assets, you just convert to a stable coin and go on your vacation.
Holding stable coins puts your mind at ease at night.
They will also help you to control how you enter and exit trades in the more volatile coins.
This information has zero value for the veterans out here but hey, it's CRYPTO 101 so share it with a newbie you know.