Cryptocurrencies are known to be extremely volatile. The value goes up and down faster than most other assets and with it comes the risk of losing your money. But some cryptocurrencies maintain their value equivalent to real-world money, typically, US dollars. It is just like holding your dollars digitally. You could have all the benefits of holding a cryptocurrency but no worries related to fluctuating prices.
That is a great deal then, isn't it? Now, hold your horses. There are also inherent risks of holding these so-called stable coins. Risks that aren’t that obvious for the untrained eye. In this video we’ll talk about all of them and discuss what you should be aware of before putting your money in Tether.
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🤓 About Crypto Skills 🤓
Bitcoin is about to transform the financial system as we know it. This revolution is what we will cover here at Crypto Skills. We will give you bite-sized explainer videos on crypto, Bitcoin and the crypto market in general. In our videos, we will cover a wide range of topics, such as "what is DeFi", "how smart contracts work", "NFT games" and "how you can earn money in the crypto market". We will also talk about popular and new altcoins such as Shiba Inu, XRP, Safemoon, Dogecoin, Cardano and others.
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