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Author Topic: Do we really need stable coins?  (Read 61817 times)

Offline Hanhobi

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Re: Do we really need stable coins?
« Reply #105 on: September 19, 2019, 08:49:55 AM »
I think we need stable coins because stable coins are really a very useful coins at that time the cryptomarket is falling down.Tether(USDT),USDCoin(USDC),PAX these are stable coins.

It could be so, but how can we be sure, that all those "stable coins" would stay stable? That they would not say oneday, that they are bankrupts and that's the end? Everyone can say, that his token is a stablecoin, but most can not work stable forever. ???

It depends on the system. Most of them like Tether is pegged into fiat currencies, while Dai is pegged into ETH and functions via Smart Contracts. That makes it completely decentralized. Tether has failed and uppegged from the US Dollar due to its centralized system partially. This needs more explanation. I suggest you to go to the MakerDao's website for more info.

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Re: Do we really need stable coins?
« Reply #105 on: September 19, 2019, 08:49:55 AM »

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Offline tsakf

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Re: Do we really need stable coins?
« Reply #106 on: September 19, 2019, 07:01:32 PM »
I like stablecoins, because, I don't need to convert to fiat, if I expect a downtrend.

Offline May

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Re: Do we really need stable coins?
« Reply #107 on: September 19, 2019, 08:29:24 PM »
yes I also still need stable coins for me to use in trading, because for me indeed stable coins will also be easier to get profits every day with us to trade
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Offline alltalk

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Re: Do we really need stable coins?
« Reply #108 on: September 19, 2019, 11:14:40 PM »
yes I also still need stable coins for me to use in trading, because for me indeed stable coins will also be easier to get profits every day with us to trade

But we just get small profits from stable coins because they have low volatility. I think other crypto coins are more profitable than stable coins. They have high volatility that allows them to rise very significantly. Even if they may decline/drop significantly as well.  :D
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Offline Somyt

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Re: Do we really need stable coins?
« Reply #109 on: September 20, 2019, 03:39:30 AM »
now this year is also rather difficult to determine a good coin to give a better value than 2017. although now for me I will also continue to hold good coins and have good profits in the future, so I believe that in some time the price of altcoin and the bitcoin market will also continue to grow.
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Offline pelana vreo

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Re: Do we really need stable coins?
« Reply #110 on: September 20, 2019, 11:49:31 AM »
Stable coins are also good to have when the price of Bitcoin is down, stable currencies that have dollar conversions and recently there are also stable coins with rupiah conversion making it easier for investors to save their crypto assets from the trading profits they have gained

Offline owmivmen

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Re: Do we really need stable coins?
« Reply #111 on: September 20, 2019, 02:08:42 PM »
Existing coins on the exchange have advantages and disadvantages.  that's what makes the price unstable and the existence of new coins better than before every year. So why are stable coins so needed?
When bad market because of several factors such as the reduction in the interest of crypto, the issue is not safe to invest in crypto and is not sure of using crypto, from that present what is called a stable coin.  in addition, stable coins are useful for maintaining market conditions against large price declines due to price increases that occur due to uncontrolled price increases (bubble).
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Re: Do we really need stable coins?
« Reply #111 on: September 20, 2019, 02:08:42 PM »


Offline Knaw

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Re: Do we really need stable coins?
« Reply #112 on: September 21, 2019, 04:41:57 AM »
yes of course for me stable coins are also good for investment now and also good for long-term use, because I believe stable coin prices will also provide better prices going forward. .
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Offline Delgboke

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Re: Do we really need stable coins?
« Reply #113 on: September 21, 2019, 05:50:26 PM »
The cryptocurrency markets need stable coins so that those that want to actually invest on the stable coins we do it with no fear. But does it mean stable coins are not affected when the cryptocurrency market is down.
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Offline Abusadeeq6

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Re: Do we really need stable coins?
« Reply #114 on: September 23, 2019, 04:57:25 AM »
we need stable coins because the way the market is dangling, you can buy a stable coins to save ypurself from loss. this has advantage on the crypto ecosystem and it will helps alot
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Re: Do we really need stable coins?
« Reply #115 on: September 23, 2019, 06:39:35 AM »
I think 100% need stable coins like MAPR (Maya Preferred 223  8)

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Re: Do we really need stable coins?
« Reply #116 on: October 28, 2019, 06:59:39 PM »
The cryptocurrency market is constantly evolving and the result of this development is the appearance of stable coins, which greatly facilitates the work with cryptocurrency. Stable coins are a kind of buffer between ordinary currency and cryptocurrency. In addition, on the other hand, it can also be a digitized ordinary currency of states, which also creates additional conveniences for people and increases their interest in a decentralized cryptocurrency.

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Re: Do we really need stable coins?
« Reply #117 on: October 31, 2019, 02:23:09 AM »
Stable coin purpose is to have a room for neutralizing supply and demand of many coins. Imagine the market is down, of course using stablecoin they can easily purchase major coins directly. Cause of the convenient they can have. Check out Russia currency, it is already started to get listed on some major exchangs and also China since their President support them.
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Re: Do we really need stable coins?
« Reply #118 on: October 31, 2019, 03:29:07 PM »
Stable coins are good but due to it's stability you can only profit much when you have enough amount of stable coins that's the only possible way you can enjoy stable coins, because if you have little amount it may not be that possible to sell it in a high price value. For me I need stable coins.
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Re: Do we really need stable coins?
« Reply #119 on: November 06, 2019, 06:32:27 AM »
Yes, now there are a lot of stable coins. Personally, I can’t say it good or bad, because I have never used them and haven’t. Since I do not see any perspective in them. Perhaps there is a category of people who, on the contrary, like stable coins and they believe in them.
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